Dang...I was researching since when Mel invested power supply in Taiwan.....good laugh of the day JT...
Printable View
Dang...I was researching since when Mel invested power supply in Taiwan.....good laugh of the day JT...
-18% in 5 days :scared:
Is the market now suggesting the chances of Rio Tinto walking away from Tiwai point and worrying about the site clean-up costs at some later date are very real ?
Could they even refuse to do the site clean up and effectively say sue us if you want too ?
Contagion effect on all power companies ?
with aluminium prices falling and likely to fall further due to weak world demand makes the smelter even less viable now. maybe why all gentailers heading down
They could potentially mothball the plant. a.k.a kick the cleanup can down the road for a while.
Whatever the reason, MEL is one of the few stocks showing a price rise today - so far.
As you were...…….I spoke too soon!
:blush::blush:
Spilling at Benmore Aviemore & Waitaki today.
Boop boop de do
Mariyn
Also into the Pukaki River from the lake today. The Pukaki River can be dry for years at stretch.
There was a good editorial article in the NBR last November 'Rio Tinto must take us for mugs.' https://www.nbr.co.nz/analysis/rio-t...t-take-us-mugs