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Thread: Power shares

  1. #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

  2. #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.

  3. #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.

  4. #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 !

  5. #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"

  6. #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.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  7. #27
    ShareTrader Legend bull....'s Avatar
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    if you think the smelter wont close , good opportunity? rates are not going higher anytime soon
    one step ahead of the herd

  8. #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.

  9. #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.

  10. #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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