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29-07-2020, 05:03 PM
#561
Originally Posted by Beagle
GNE - Net yield at $2.85 = 6%. Add in usual 80% imputation and I get 6 / 0.776 = 7.7% gross. Hmmm
What do you think of CEN?-Net yield at $5.71= 6.83%. Don't know how it compares to GNE, but have been buying in quite a lot lately on the daily lows for the upcoming results and div.
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29-07-2020, 10:00 PM
#562
Member
Originally Posted by k14
To have the same capacity as Onslow in Tesla batteries would cost in the ballpark of $3-4 Trillion (yes with a T). Plus every 20 years you would have to replace them.
People need to understand that this is not short term peak transmission management (as the battery banks have a valid market for). This is long term storage to smooth the peaks and troughs of intermittent renewable generation (wind/droughts/floods/solar) and allow retirement of coal/gas thermal generations. Battery technology as it currently stands is cost prohibitive for anything more than intra-day/week smoothing.
Well said, to add making batteries is pretty horrible for the environment, got to dig and process the material, then ship it multiple times via bunker oil sucking devices that are not included in any of the carbon agreements.
Pumped storage is a type of battery, but at a fraction of the cost of lithium ion.
Last edited by Carpenterjoe; 29-07-2020 at 10:15 PM.
Reason: more to add
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29-07-2020, 10:56 PM
#563
Originally Posted by see weed
What do you think of CEN?-Net yield at $5.71= 6.83%. Don't know how it compares to GNE, but have been buying in quite a lot lately on the daily lows for the upcoming results and div.
Likely to take quite a bit bigger hit, (including top its dividend) from the smelter closure than GNE but it could easily be said that's already been factored into the price.
Be a good bet if there is some resolution to the rumored ongoing negotiations going on behind the scenes.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-07-2020, 01:55 PM
#564
Originally Posted by Beagle
Likely to take quite a bit bigger hit, (including top its dividend) from the smelter closure than GNE but it could easily be said that's already been factored into the price.
Be a good bet if there is some resolution to the rumored ongoing negotiations going on behind the scenes.
The sp dropped 1.26c over 4 days 7/7/20 to 10/7/20. The closure notice was on 9/7/20. Unlucky me started buying in 3 days before the announcement and made a big loss on paper. Have bought in more since. Will get a clearer picture on 10/8/20 results. The closure not until next year, so they will still have cash to pay a reduced div hopefully .ps I'm off to a Meet Up first sharetrader social meeting tonight at 5pm. Meet Up Auckland is putting it on.
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30-07-2020, 02:11 PM
#565
Yeap, they've had a belting already for sure. On the meet-up thing, some more notice than just a few hours would have been helpful mate.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-07-2020, 02:30 PM
#566
Originally Posted by Beagle
GNE - Net yield at $2.85 = 6%. Add in usual 80% imputation and I get 6 / 0.776 = 7.7% gross. Hmmm
Assuming GNE don’t lower dividends so they can bring forward plans to replace Huntly after the Tiwai point announcement
Disc: exited GNE. Still hold CEN MCY TLT and MEL
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01-08-2020, 12:27 AM
#567
https://www.nzherald.co.nz/business/...ectid=12352594
Lake Onslow hydro plan expensive and unnecessary.
A proposed multibillion-dollar project to build a pumped hydro storage plant in the South Island could make New Zealand's electricity grid 100 per cent renewable, but expensive new infrastructure may not be the best way to achieve this.
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01-08-2020, 05:52 AM
#568
Wouldn't it be cheaper to pump water back up the mighty Waikato & deliver power closer to where its needed?
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01-08-2020, 06:40 AM
#569
Originally Posted by moka
https://www.nzherald.co.nz/business/...ectid=12352594
Lake Onslow hydro plan expensive and unnecessary.
A proposed multibillion-dollar project to build a pumped hydro storage plant in the South Island could make New Zealand's electricity grid 100 per cent renewable, but expensive new infrastructure may not be the best way to achieve this.
Excellent article. Thanks for posting. The Lake Onslow project seems to have been dusted off for political expediency. Of course it would make more sense to create new power generation in the North Island.
The current building standards are at least 15 years behind Europe. Warm dry homes would make a big difference.To the quality of people’s lives, as well as saving electricity.
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01-08-2020, 07:50 AM
#570
Member
Originally Posted by kiora
Wouldn't it be cheaper to pump water back up the mighty Waikato & deliver power closer to where its needed?
A pump-back scheme alone, without adding extra storage capacity, wouldn't really solve the dry year problem.
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