Power shares

[Sideshow Bob]

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.....

[sb9]

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??

[thedrunkfish]

Excuse the ignorant question but would the govt buying the smelter be an option?

[Panda-NZ-]

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.

[macduffy]

Encourage more Dairy, agri and forestry investments??

That's the usual reaction - but it's not diversification, just further reliance on traditional industries.

[RTM]

Excuse the ignorant question but would the govt buying the smelter be an option?

Hope not....

[RTM]

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.

[Balance]

Let's give Elon a call. Setup a battery farm there!

Now THAT is brilliant!

[fungus pudding]

Excuse the ignorant question but would the govt buying the smelter be an option?

Yes, but a ridiculous one.

[bottomfeeder]

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.