MEL - Meridian Energy

[Marilyn Munroe]

What are the impediments and economics for adding another pole to the HVDC from Benmore to Haywards? I'm assuming it will be useful at some point in time regardless of Tiwai

I once asked a big cheese at Transpower if Tiwai closed would they extend the Southern terminal of the HVDC from Benmore to Manapouri? He said no as there would be sufficient AC transmission capacity from Manapouri to Benmore.

I dont know much of the technical stuff but wouldn't an electron generated at the bottom of the South Island be puffed by the time it got to the area of greatest NZ demand(Auckland Isthmus/Waikato)?

Boop boop de do
Marilyn

[boysy]

Anyone make any sense of the huge off market trades of circa 30M shares ?

[sb9]

Anyone make any sense of the huge off market trades of circa 30M shares ?

Gosh your ears must be burning...look at my post under 'black monday' thread.

[dobby41]

I dont know much of the technical stuff but wouldn't an electron generated at the bottom of the South Island be puffed by the time it got to the area of greatest NZ demand(Auckland Isthmus/Waikato)?

Yes - there are a lot of losses along the way.

[xafalcon]

And the games begin (or continue)

https://nzx.com/companies/MEL/announcements/279685

Looks like the word got out earlier than the announcement

[sb9]

And the games begin (or continue)

https://nzx.com/companies/MEL/announcements/279685

Looks like the word got out earlier than the announcement

True, look at the gentailers they're all having good run today along with previous good days.

[Harvey Specter]

And the games begin (or continue)

https://nzx.com/companies/MEL/announcements/279685

Looks like the word got out earlier than the announcement

Game is right. A three month extension on something they have had 2 years to plan for and there is a secnd deadline now 9m after.

MEL should have just said the contracts the contract as it makes a mockery of deadlines if they just keep getting rolled over.

[xafalcon]

Excuse the pun, but in my opinion MEL should have simply pulled the plug.

Give 12 months notice of ceasing to supply

Transpower would then set about upgrading transmission lines and towers to ship the power north which they must do sooner or later anyway.

Rio Tinto would most likely come grovelling back in 6 months once remediation cost implications on their balance sheet must be realised

The only way to beat a bully like Rio Tinto is to bully back. Most of us learnt that in the school yard. Time for MEL board of directors to "man up" and accept that Rio Tinto contract uncertainty is actually an ongoing liability

[mouse]

Excuse the pun, but in my opinion MEL should have simply pulled the plug.

Give 12 months notice of ceasing to supply

Transpower would then set about upgrading transmission lines and towers to ship the power north which they must do sooner or later anyway.

Rio Tinto would most likely come grovelling back in 6 months once remediation cost implications on their balance sheet must be realised

The only way to beat a bully like Rio Tinto is to bully back. Most of us learnt that in the school yard. Time for MEL board of directors to "man up" and accept that Rio Tinto contract uncertainty is actually an ongoing liability

Amen & Amen. (I needed ten characters).

[sb9]

Bit of action today with punters piling on before it goes ex-div tomorrow.