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09-07-2020, 10:25 AM
#341
Originally Posted by Panda-NZ-
The govt isn't responsible for every closure. Maybe the original subsidy shouldn't have been given, we are a market economy after all.
When so much money has been thrown around of late, a govt subsidy or assistance package would be small fry. Happy to give $10m to AJ Hackett.....and they still let 60% of their workforce go.....
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09-07-2020, 10:26 AM
#342
Originally Posted by macduffy
A nice sentiment but we have a long history in seeking diversification of industry without much success. Car assembly, a nylon factory in Shannon, goat farming, possum skin creations and more. What do you suggest?
Encourage more Dairy, agri and forestry investments??
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09-07-2020, 10:26 AM
#343
Member
Excuse the ignorant question but would the govt buying the smelter be an option?
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09-07-2020, 10:26 AM
#344
Originally Posted by Sideshow Bob
When so much money has been thrown around of late, a govt subsidy or assistance package would be small fry. Happy to give $10m to AJ Hackett.....and they still let 60% of their workforce go.....
They will pocket it lol. They are making profits every year.. one of the most profitable resource business on the ASX.
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09-07-2020, 10:31 AM
#345
Originally Posted by sb9
Encourage more Dairy, agri and forestry investments??
That's the usual reaction - but it's not diversification, just further reliance on traditional industries.
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09-07-2020, 10:39 AM
#346
Originally Posted by thedrunkfish
Excuse the ignorant question but would the govt buying the smelter be an option?
Hope not....
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09-07-2020, 10:40 AM
#347
Originally Posted by trader_jackson
it is laughable how much the share prices have gone down... Mr Market no where near close to pricing in the long term impacts of this shock to the system... maybe when the power sector is down 25% or so on average (not 9% ish on average currently) from yesterdays price things will be back to something a bit more understandable... these are no longer bond proxies... and therefore shouldn't be priced like one.
Wow....you must have an amazing knowledge of the power industry to be able to come to such a conclusion so quickly.
Impressive.
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09-07-2020, 10:48 AM
#348
Originally Posted by Ogg
Let's give Elon a call. Setup a battery farm there!
Now THAT is brilliant!
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09-07-2020, 10:53 AM
#349
Originally Posted by thedrunkfish
Excuse the ignorant question but would the govt buying the smelter be an option?
Yes, but a ridiculous one.
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09-07-2020, 10:56 AM
#350
Originally Posted by thedrunkfish
Excuse the ignorant question but would the govt buying the smelter be an option?
Might as well buy it, they are printing free money so much, they can then reemploy lots of people, and negotiate with themselves for a good price on power. Losses? Who cares, if we can give 10 mill to bungy jumping we can give 50 mill to cover losses on this business. Win Win as far as I see it. Cant wait till 5.00 so I can open a Tui.
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