Good on you, glennj.
We must thank whatsup for keeping the sp down for a while for us to get set. :t_up:
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Bal bought Tesla in early Jan they have doubled so far and now are U S $650 and rumour is they are headed for U S $800 and multiply that by approx. 50% = $1200 Kiwi, not too bad for less than 1 months investment, how long will it take for your pet share to do that ?
PS my best N Z share rose 2010% last year so in my mind I can pick winners and MMH is not one of them !
Bal, Tell me something , would you ever buy a new car without driving it, sight unseen and no recommendations apart from one flaky girly mag reader .
There has been NO creditable BUSINESS CASE completed on the economics of moving the port from its current site to where ever it could finish up, great way to make a $10,000,000,000 investment decision , no business case and all pie in the sky pontifications and some MMH shareholders hoping against hope that they have backed a winner ! great.
The shift to Marsden Point will not be a big bang event but a gradual drift. The port is only a short diversion for vessels departing Tauranga and Auckland heading north and westward. If provincial ports such as Nelson Timaru and Bluff can support container vessel visits why can't Marsden Point.
Auckland Port may continue for some time with a reduced throughput constrained by its difficulties expanding.
Over time the tipping point between economic return from land use as a port and other uses will get closer and closer until suddenly the ships will shove off and the construction cranes move in.
Boop boop de do
Marilyn