Originally Posted by
macduffy
I havn't decided on investing in Meridian yet, but here's a couple of random thoughts.
Meridian's "green" status is just the luck of the draw. They missed out on all those nasty thermal stations when ECNZ was broken up.
As others have noted, they still need to buy thermal generated power when the rain doesn't fall sufficiently in the right places.
I can't see any rational business being prepared to pay over the odds for "green " aluminium.
The eventual loss of the Tiwai contract, if it happens, will free up generation to be sold at better, market prices to other customers. Prices overall may fall but the losers, under most climatic conditions, will be the higher-cost generators, not Meridian.
(Hmmmm.... I seem to be talking myself into investing in this company.)
:mellow: