Hold some RIO shares as well ! I am enjoying then…apart from Mr Pip.
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Don't you just love it when one of your biggest holdings paid you a dividend today :t_up: This payment made each share of mine basically at 18 cents as far as my ledger is concerned. Another year with a higher pay out will make this another negative-book-value holding :p
MEL has been a great investment, best amongst my energy sector.
lake levels getting low
https://www.nzx.com/announcements/390582
Up nearly 7% today. The big boys reshuffling or something brewing, like Tiwai and MEL talking?
Look who's come crawling back. Hopefully MEL have a stronger negotiating position this time with the proposed hydrogen plant lining up as an alternative.
https://i.stuff.co.nz/national/12940...en-beyond-2024
Meridian notes NZAS statement on Tiwai Point smelter - NZX, New Zealand’s Exchange
Meridian Energy notes the statement from New Zealand’s Aluminium Smelter (NZAS1), that the owners of the Tiwai Point smelter have begun exploring potential pathways with electricity generators for the smelter’s future, beyond the end of the current contract in December 2024.
Meridian will engage with NZAS as part of its process and expects this will include contract negotiations.
A copy of NZAS’s statement can be found here:
http://www.nzas.co.nz/files/3841_202...1658951845.pdf