Thank you PT for taking the time to do this. Appreciated.
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The next article in the saga;
http://www.stuff.co.nz/business/indu...p-fits-wear-it
I like the judge's suggestion that the copper price remain at the same level that it is now until the FPP is completed (however long that takes). I'm guessing that the judge also likes this option:) and it's his call at the end of the day.
This could all end well for Chorus - copper price stays up and additional bonus of having renegotiated more favourable terms with CFH
I hear today that Chorus is laying off quite a few staff. About 180 jobs to go which maybe will have a positive/negative effect on the current SP or better outlook for the FY 15/16.
https://www.nzx.com/files/attachments/191741.pdf
Well there you are, they can do it when they want to.
So what was all the talk about FPP taking years to complete?
Does this latest news kind of pre-empt the High Court decision and render the High Court decision of academic interest only?
Am I interpreting all of this correctly?