They could potentially mothball the plant. a.k.a kick the cleanup can down the road for a while.
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They could potentially mothball the plant. a.k.a kick the cleanup can down the road for a while.
Whatever the reason, MEL is one of the few stocks showing a price rise today - so far.
As you were...…….I spoke too soon!
:blush::blush:
Spilling at Benmore Aviemore & Waitaki today.
Boop boop de do
Mariyn
Also into the Pukaki River from the lake today. The Pukaki River can be dry for years at stretch.
There was a good editorial article in the NBR last November 'Rio Tinto must take us for mugs.' https://www.nbr.co.nz/analysis/rio-t...t-take-us-mugs
X div on Monday. Mkt not worrying about tiwai because departure(staged) is built into the s/p or market is calling Rios Bluff:D
Having said that power companies off their highs today CEN gone into the red atm.
If you buy MEL on Monday 30th do you receive dividend?
Today was the last day to buy cum (with)divi. Ex dividend means without dividend on the date specified. The mkt or anybody didnt seem interested in buying for the div, i guess because of the Tiwai decision by the end of march unless they extend maybe.
There are many that do not buy for a virtue signal, but a lot of the Tesla buyers are exactly that. Its a look at me kinda thing. Time will tell. EV sales were already plateauing before Covid-19 so this will put the brakes on even more. I do see decreased demand for electricity in the next few years. Interesting times for the Power shares.