Meridian suggests fresh government talks on smelter underway as it contemplates $1.3b write-down
https://www.stuff.co.nz/business/122...-13b-writedown
they mentioned this on the call
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Meridian suggests fresh government talks on smelter underway as it contemplates $1.3b write-down
https://www.stuff.co.nz/business/122...-13b-writedown
they mentioned this on the call
The press release simply said that they had made an offer but had no idea whether it would progress. Did they offer something more on the call?
I’ve hedged my bets. I own shares in all of the power co except TPW. Let’s face it… Electricity is the way of the future and unless the greens get total control of Parliament we are not going to be using pedal power and we aren’t all going to convert our houses to solar.
I heard an excerpt and what I heard is that
1. CEN, transpower and MEL are discussing options to utilise the surplus power
2. MEL have made another offer but so far NZAS are not receptive and MEL expect the closure to go ahead in a year.
3. The government is having discussions with NZAS that MEL are not privy to.
4. There are promising confidential discussions with new businesses in the South Island that may be able to take up the surplus power.
The last is the most exciting in my opinion
Bitcoin mining?
Labour promises to keep Tiwai Point on life support – but there's a catch
https://www.nzherald.co.nz/nz/news/a...ectid=12368492
last day to get the div as well
What's the sustainable div if tiwai stays open?