MEL - Meridian Energy

[Sideshow Bob]

J

On the subject of MEL, everyone appears now to be thinking the smelter risk no longer exists and I don't think that's a 100% safe assumption at this stage.

Exactly. It will close or be sold at some stage, but how many times will Rio cry wolf??

But Rio has done a bit of damage with their latest escapade over the dross. Had a very lucky escape with the recent flood, and people are seriously unhappy.

https://www.odt.co.nz/regions/southland/rio-tinto-behaviour-outrageous-environment-minister

[ados_nz]

https://www.nzherald.co.nz/business/...ectid=12311284

[Tomtom]

Had a quick skim, looks like a positive interim result. However today seems to be a day voting machines and not scales.

[Timesurfer]

Election year, jobs are on the line. Should get whatever they want.

[ados_nz]

Anyone have reasoning behind the current sell off (aside for tiwai fears?)

[Joshuatree]

My broker has put out a hold and target price $4.81 valuation awaiting the taiwan decision fwiw.

[BlackPeter]

My broker has put out a hold and target price $4.81 valuation awaiting the taiwan decision fwiw.

What exactly is the Taiwan decision? I didn't realize our network reaches that far ... ;

I suppose you mean Tiwai?

[Beagle]

What exactly is the Taiwan decision? I didn't realize our network reaches that far ... ;

I suppose you mean Tiwai?

LOL I wondered if Rio Tinto had shifted their head office for a minute there

[Joshuatree]

LOl blimp spell czech. Yes Tiwai.

[macduffy]

Jokes aside, we're told that Tiwai is one of only two plants worldwide that produces the high quality aluminium used in aircraft etc. If so, I can't see the industry allowing Tiwai to close - someone else will pick it up and run it using the S. I. hydro electricity.

Disc: Holding.