MCY Mercury NZ ( MRP Mighty River Power)

[rbel038]

Quarterly operations update out. Looks much as expected apart of the following.

Ngatamariki down 10MW due to steam decline in the reservoir it seems. Drilling a make-up well to come online later this year.

Southdown "under review" , wonder who is lining up to buy this thing then . Would be a nice bit of cash to put into geothermal or fund some hydro upgrades. Unsure exactly how much this thing is worth second hand.

[Harvey Specter]

er review" , wonder who is lining up to buy this thing then . Would be a nice bit of cash to put into geothermal or fund some hydro upgrades. Unsure exactly how much this thing is worth second hand.

I would have thought no one would buy it. It would be mothballed.

[rbel038]

I guess thats one of the options they would consider, I always thought they would hand it off to either genesis or meridian in the future while they pushed ahead with developing the geothermal capacity they currently have consented.

Genesis I guess would be able to retire coal rankine units at HLY nearing their design life and meridian would actually get some thermal generation, along with exposure in the north island. I personally hope they just get rid of it at some stage, but can see the benefit in mothballing if we have dry years ahead

[Harvey Specter]

I think even National has a goal of 95% renewable electricity by 2025 (compared to the Greens 100% by 2020) so I think other companies would be relactant to buy. Best buyer is probably the government - dont they own a few for emergency backup?

[rbel038]

I think even National has a goal of 95% renewable electricity by 2025 (compared to the Greens 100% by 2020) so I think other companies would be relactant to buy. Best buyer is probably the government - dont they own a few for emergency backup?

Dunno but im sure there is enough hot air generated in the beehive to run a steam cycle

[Airw0lf]

I think even National has a goal of 95% renewable electricity by 2025 (compared to the Greens 100% by 2020) so I think other companies would be relactant to buy. Best buyer is probably the government - dont they own a few for emergency backup?

Govt. don't own any more "reserve" thermal units following sale of Whirinaki to Contact.

[mouse]

Has anyone ideas about the rise of MRP share price. Why?

[Master98]

Has anyone ideas about the rise of MRP share price. Why?

MRP still traded below its issue price $2.5, do you think it is abnormal to rise?

[Okebw]

Has anyone ideas about the rise of MRP share price. Why?

A few reasons I can think of. First, its undervalued, secondly, labours poor showing in the recent polls and thirdly a lot of the brokerages are rating it quite high. Craig's has it listed as a buy with a target price of $2.75

[robbo24]

A few reasons I can think of. First, its undervalued, secondly, labours poor showing in the recent polls and thirdly a lot of the brokerages are rating it quite high. Craig's has it listed as a buy with a target price of $2.75

Don't forget the buyback MRP carried out, accumulating a large chunk of stock to be held as treasury stock.

I think you'll find a strong correlation between Labour polling and MRP.

MRP also has its bonus share issue coming up next year. A lot of newbs sold out early so the Crown will have to do something with the shares it withheld.

Next divvy advice should be good