What do you think of CEN?-Net yield at $5.71= 6.83%. Don't know how it compares to GNE, but have been buying in quite a lot lately on the daily lows for the upcoming results and div.
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Well said, to add making batteries is pretty horrible for the environment, got to dig and process the material, then ship it multiple times via bunker oil sucking devices that are not included in any of the carbon agreements.
Pumped storage is a type of battery, but at a fraction of the cost of lithium ion.
Likely to take quite a bit bigger hit, (including top its dividend) from the smelter closure than GNE but it could easily be said that's already been factored into the price.
Be a good bet if there is some resolution to the rumored ongoing negotiations going on behind the scenes.
The sp dropped 1.26c over 4 days 7/7/20 to 10/7/20. The closure notice was on 9/7/20. Unlucky me started buying in 3 days before the announcement and made a big loss on paper. Have bought in more since. Will get a clearer picture on 10/8/20 results. The closure not until next year, so they will still have cash to pay a reduced div hopefully .ps I'm off to a Meet Up first sharetrader social meeting tonight at 5pm. Meet Up Auckland is putting it on.
Yeap, they've had a belting already for sure. On the meet-up thing, some more notice than just a few hours would have been helpful mate.
https://www.nzherald.co.nz/business/...ectid=12352594
Lake Onslow hydro plan expensive and unnecessary.
A proposed multibillion-dollar project to build a pumped hydro storage plant in the South Island could make New Zealand's electricity grid 100 per cent renewable, but expensive new infrastructure may not be the best way to achieve this.
Wouldn't it be cheaper to pump water back up the mighty Waikato & deliver power closer to where its needed?
Excellent article. Thanks for posting. The Lake Onslow project seems to have been dusted off for political expediency. Of course it would make more sense to create new power generation in the North Island.
The current building standards are at least 15 years behind Europe. Warm dry homes would make a big difference.To the quality of people’s lives, as well as saving electricity.