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Thread: Power shares

  1. #16
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    Default Does Jacinda have more balls than John Key?

    Quote Originally Posted by winner69 View Post
    Tiwai comes up every few years - it always gets sorted

    No need to worry ...or panic.
    Last time they tried this blackmail he folded like a wet newspaper

  2. #17
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Tiwai comes up every few years - it always gets sorted

    No need to worry ...or panic.
    Good to see some common sense from a well respected institution https://www.harbourasset.co.nz/resea...smelting-away/
    No butts, hold no mutts, (unless they're the furry variety).

  3. #18
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    International investors looking for a good deal regarding CEN SP. Currently well below last GS TP $8.40 (AUG)

    CEN or MCY possible inclusion into Sept MCSI index replacing FBU ...........??

    "Contact is currently presenting to international investors in Singapore, Tokyo, Frankfurt, Zurich, London, Boston and New York. This presentation has been re-issued with minor changes to pages 22 and 41 to provide clarity around the calculation definitions and added the source references to information presented."

  4. #19
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    Quote Originally Posted by Arthur View Post
    Last time they tried this blackmail he folded like a wet newspaper
    Arthur, a wet newspaper is pretty hard to fold !

  5. #20
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    Quote Originally Posted by Beagle View Post
    Good to see some common sense from a well respected institution https://www.harbourasset.co.nz/resea...smelting-away/
    Thank you for posting the link.Very interesting.
    13% of NZ's power generation is a very valuable asset for MEL to hold long term.

  6. #21
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    For anyone interested in hearing some information from the horses mouth, Meridian held an investor call yesterday. You can listen to it here https://www.meridianenergy.co.nz/investors

  7. #22
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    Quote Originally Posted by Arthur View Post
    Last time they tried this blackmail he folded like a wet newspaper
    Tiwai point is the worlds most inefficient aluminium plant. Closing it is pretty certain this time around. Might have to encourage oil exploration in the deep south to take up a bit of slack.....yeah right.

  8. #23
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    Quote Originally Posted by k14 View Post
    For anyone interested in hearing some information from the horses mouth, Meridian held an investor call yesterday. You can listen to it here https://www.meridianenergy.co.nz/investors
    Thanks. Appreciate the link.

  9. #24
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    Quote Originally Posted by Arthur View Post
    Last time they tried this blackmail he folded like a wet newspaper
    Arthur, Last time I heard Jacinda DID NOT have any balls, she has a lot of things, teeth etc , but NO BALLS !

  10. #25
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    Hope never to check either of them myself, but he showed all the balls of a gelding when he folded to Rio's "Bluff"

  11. #26
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by k14 View Post
    For anyone interested in hearing some information from the horses mouth, Meridian held an investor call yesterday. You can listen to it here https://www.meridianenergy.co.nz/investors
    Welcome to the forum and thank you.
    No butts, hold no mutts, (unless they're the furry variety).

  12. #27
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    if you think the smelter wont close , good opportunity? rates are not going higher anytime soon
    bull

  13. #28
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    Quote Originally Posted by bull.... View Post
    if you think the smelter wont close , good opportunity? rates are not going higher anytime soon
    Good opportunity for what, losing capital.

  14. #29
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    Just listened to the investor presentation....Well worthwhile if you have the time.
    I was impressed by Neal Barclay.

    As an aside, but nevertheless interesting, everyone asking questions was male.

  15. #30
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    Quote Originally Posted by Beagle View Post
    Welcome to the forum and thank you.
    Thanks, long time lurker!

    Cliff notes of the call:
    - Meridian not going to "bend over" and take a hit for the rest of the market (those were the CEO's words not mine).
    - Sounds like Meridian do pretty extensive modelling to determine the financial position of the smelter and they believe it is cash flow positive at the current Alu prices.
    - Big lump of CAPEX ($63M) required to continue operation of one of their pot lines. Meridian seem quite skeptical at the quantum of CAPEX required and to a lesser extent the timing.
    - Around $110M of spend by Transpower required on lower south island grid improvements to allow the power to get out of Southland (this impacts both Manapouri and the Clutha stations). Then an additional $150M required to upgrade the HVDC link. Timing would be ~3 summers for lower south island upgrades and 5 years for HVDC upgrades. During this time the effect on all south island generators would be quite heavy with the stations further south effected the most.

    My take is this is just posturing by Rio Tinto to get a better deal. They are not going to shut down a factory that makes money. Time will tell (lets see how well this post ages!).

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