Quote Originally Posted by Waikaka View Post
Quick read through of the presentation and looks like I am going to be the proud co-owner of a import terminal in a few years. Thanks for the bang on foreshadowing Sailor Rob.

Conversion costs of $200 million, decommissioning of $60 million.

Seems like the footprint of an import terminal is a lot smaller than a refinery so frees up quite a lot of tank storage and land.

So many moving parts but ill keep on holding through.

I wonder who will pay for the unneeded extra storage on site, MBIE say it is pretty critical to domestic oil security.

https://www.mbie.govt.nz/assets/c3a1...ember-2017.pdf
It wont be in a few years, it will be next year. No way they have the money to spend on the massive shutdown next year and carry out the conversion. The caveat to that is a huge uplift in margins before then....

If, and it's a big if... the numbers they spat out were realistic then the current market cap is justified and I expected it to jump around 10% this morning at least.