Wow, I didn't realise it was back to $2. Its not a horrible price (fair value IMO) but I have too many better options on my plate.
Outstanding assets though.
I'm holding this for the long term so I'm not too concerned with market movements but it does make me feel that my recent $0.50c per share installment has gone into thin air
I'm holding this for the long term so I'm not too concerned with market movements but it does make me feel that my recent $0.50c per share installment has gone into thin air
Or +48% return on IPO is another way to look at it.
Really? Worth a read? The Green Taliban!
Off topic so I wont go further.
Difficult to know if RIO just wants rid and get out of aluminium altogether as it seems to be the industry of choice for every developing nation to justify investment in electricity generation. Sound familiar? Rio purchased a large chunk of their aluminium business for a ridiculous price about 10 years ago & have had to write off a huge amount of that since.
Whatever the smelter is a political hot potato & with diary price already gazumped I'm not sure National would test the resolve of the two electorates that cover Southland & I'm sure there will be plenty of political pressure to ensure the smelter keeps running, whether that's a good or bad thing overall.
Reply With Quote
Originally Posted by PSE
Bookmarks