Governments come and go.....we'll need power forever. Yes...I am also concerned about regulatory risk, but not enough to bail out of my Power Shares.
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Attachment 12911Are others experiencing this on depth?
What do you think is unusual?
That looks pretty normal for the last 15 minutes of trading -- the "Pre-close" period.
No trades occur during that period but bids and asks are matched off for execution at 5:00pm if there is an overlap in pricing. The pink-shaded trades are the "matched" ones.
big jump in price yesterday , wonder if it has anything to do with ampol looking at buying meridian aus assets which are for sale
Rio Tinto basically said it was unprofitable and that may well have been the case when Aluminum prices were well south of $2,000. Since then aluminum prices have roared up and Meridian locked in an ultra low rate deal for four years with no apparent price escalation clause in the event of Aluminum prices recovering ? Seems like a very one sided deal.
Rio Tinto in their quest to make big profits have damaged their future and may well regret driving such a hard bargain .
Kiwis like to play clean and fair .
Threatening jobs of loyal workers and damaging the environment is not what it should be about .
Does anyone think there is a possibility that they might see the light and renegotiate ?
The case to tell Rio Tinto to get stuffed has got a lot stronger with the way they are conducting themselves, there is no question about that but I retain serious reservations about the negotiating skills of Meridian's senior management.
I am sure they will get their revenge in 2024 but in the meantime this deal is clearly an absolute shocker for shareholders. Surely heads need to roll ?
https://reneweconomy.com.au/australi...me-time-86721/
Smelters could be giant batteries