Power shares

[Mrbuyit]

CBD to shift into tiwai to set up grow operations? Haha

[Panda-NZ-]

turn it into a tourist attraction, an abandoned aliminium smelter in a scenic location. probably wouldn't be safe without maintenance after a certain time period though.

[Bjauck]

turn it into a tourist attraction, an abandoned aliminium smelter in a scenic location. probably wouldn't be safe without maintenance after a certain time period though.

Manapouri and Tiwai - NZ’s Taj Mahal - a mausoleum to the lost love affair with “Think Big” projects?

[ananda77]

I would be interested to buy CEN in the 4.68 - 4.95 range.

[Rowdy Flat]

I would be interested to buy CEN in the 4.68 - 4.95 range.

Good luck with that. Trading MEL and CEN this morning has been the easy money.

[Balance]

Good luck with that. Trading MEL and CEN this morning has been the easy money.

Wait for the offshore institutions to wake up to the news.

[ananda77]

Good luck with that. Trading MEL and CEN this morning has been the easy money.

so far, volume just over 2m to the down side. I want to wait for at least 4m to the upside

[LaserEyeKiwi]

When so much money has been thrown around of late, a govt subsidy or assistance package would be small fry. Happy to give $10m to AJ Hackett.....and they still let 60% of their workforce go.....

Half of that was a loan, and tourism industry will bounce back eventually.

However the smelter is a different story, they already got a big handout from the government previously and a sweetheart deal on their main cost (electricity) and still are losing almost $50 million a year (that is a loss of $50,000 per employee). It’s a broken business with no hope of being profitable. Would be far better to give whatever subsidy would be needed to make it break even directly to the impacted workers ($50k per worker annually) and provide no-interest loans/grants to a broad swathe of new business proposals in Southland, rather than propping up a loss making smelter operation that will simply keep asking for more taxpayer support every few years.

What is more, it sounds like Rio Tinto is cutting its losses for good as there is no hope of profitability even with generous new government subsidies.

[Rowdy Flat]

Went hard at opening Mel bought on ave at 4.53, Cen 5.75. Sold now out now at Mel 4.695, Cen 5.92. I'm trading on the emotion not the volume.

[dibble]

The hope is that dairy factories in the lower South Island that currently burn coal will move to electricity to make up that additional demand.

.

Thats interesting, I had no idea that happens, do they have their own mini furnaces?

Guess $250m of remediation work suggests a bunch of short-medium term jobs to buy a bit more time for the region. No idea precisely what remediation work entails but surely a chunk of it involves skills that can be picked up pretty quickly for some of the workers. And one imagines it's bound to go on longer than planned.