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  1. #1511
    Missed by that much
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    Quote Originally Posted by boysy View Post
    all lakes now full to overflowing which is reflected by the volume going through the HVDC cable going north around 825MW. Rain really has fallen where it needed to in the past few weeks.

    http://www.em6live.co.nz/PlanningReg...ningregion=uni


    https://www.meridianenergy.co.nz/abo...ns/lake-levels
    For Meridian, Only Manapouri and Te Anau are full to overflowing, Pukaki is at half full. The other lakes are not storage lakes, but except for Ohau, are just headponds. Ohau is a very small storage lake with high volatility and can be emptied in a few days.

    For Contact's lakes, Wakatipu is around 80% full, Wanaka is less than 50% full and Hawea is just under 30% full.

    So all are much healthier than 2 months ago, but still a long way to go before being full.

    The Clutha River down stream from the lakes is in a level 2 flood, and that is what is pushing the high HVDC transfer
    Last edited by Jantar; 26-09-2017 at 06:38 PM.

  2. #1512
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    appreciate your input jantar its worth noting that the resivours which are full to overflowing are by far Meridian's biggest resivours being te anau and manapouri while Pukaki is filling fast with benmore close to spilling. It's fair to say meridians lakes have been the major beneficiary of the recent rain.

  3. #1513
    Missed by that much
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    Quote Originally Posted by boysy View Post
    appreciate your input jantar its worth noting that the resivours which are full to overflowing are by far Meridian's biggest resivours being te anau and manapouri while Pukaki is filling fast with benmore close to spilling. It's fair to say meridians lakes have been the major beneficiary of the recent rain.
    To put it in context, when full: Pukaki holds 6 months storage, Te Anau 1 1/2 months, Manapouri 2 months, Benmore 3 days.

  4. #1514
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    Quote Originally Posted by Jantar View Post
    For Meridian, Only Manapouri and Te Anau are full to overflowing, Pukaki is at half full. The other lakes are not storage lakes, but except for Ohau, are just headponds. Ohau is a very small storage lake with high volatility and can be emptied in a few days.

    For Contact's lakes, Wakatipu is around 80% full, Wanaka is less than 50% full and Hawea is just under 30% full.

    So all are much healthier than 2 months ago, but still a long way to go before being full.

    The Clutha River down stream from the lakes is in a level 2 flood, and that is what is pushing the high HVDC transfer
    Thanks Jantar for this information.
    It really helped me to rebalance my portfolio.
    Pukaki looks like it is filling and on current trajectory could be full this spring.Then meridian has 6 months supply in one lake

  5. #1515
    Senior Member Marilyn Munroe's Avatar
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    The Bluff aluminum smelter may be changing ownership

    http://www.smh.com.au/business/minin...17-gz2jnx.html

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  6. #1516
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Marilyn Munroe View Post
    The Bluff aluminum smelter may be changing ownership

    http://www.smh.com.au/business/minin...17-gz2jnx.html

    Boop boop de do
    Marilyn
    mentioned a while ago someone was sniffing around
    one step ahead of the herd

  7. #1517
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    Would have to think a serious re rate would have to be applied assuming it changes hands and immenant threat of closure is put to one side

  8. #1518
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    So we have a new government which is likely to drive the kiwi lower

    Aluminum prices are at three year highs of USD~$2100/ton

    Potential purchaser sniffing around

    Likely increase in profitability of smelter in light of reduced USD$ wage cost compared to finished product

    Would seem to me the worst case scenario of closure of the smelter is looking less and less likely in terms of the above thoughts ?
    Time is a great teacher, but unfortunately it kills all its pupils

  9. #1519
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    Do Labour/Greens have a particularly strong view on the future of the smelter?

  10. #1520
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    What a wonderful stock. 7% return (Bank rate about 2.75%) You couldn't build those massive dams for $100 billion today and I have a share in them for $2.92 and a half. i love this share.

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