I think the large volumes have something to do with MSCI Index, which is to be reviewed early next month and have heard from few sources that MELCA and MRP are going in there and XRO might be coming off that, could someone confirm or deny??
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I think the large volumes have something to do with MSCI Index, which is to be reviewed early next month and have heard from few sources that MELCA and MRP are going in there and XRO might be coming off that, could someone confirm or deny??
One big seller @$1.87 with more than Million shares on offer.
Meridian cans Queensland hydro project.
http://www.meridianenergy.co.nz/abou...y-uncertainty/
Not sure why the price spiked yesterday on no news. M&D investors buying in for the new year since it did so well last year?
I have now completed my sell down. I got more than I wanted in the IPO (fantastic) so have now sold down to the amount I want to pay the balance on later in the year. Will be interesting to see what effect the conversion has on the shareprice (before and after).
the key short term question for Meridian must be what happens at Tiwai. Does anybody have a view in light of global commodity prices and demand for aluminium.
Alu was up 5% in the past 12 months but come back a bit in the last month. At current levels Tiwai is profitable and isn't as risk, I would imagine they won't be going anywhere for a while yet. But we shall find out around mid year!