Yeah, it's a bit roundabout but essentially they are reducing risk of revenue halt. They must have determined that they need to continue a stable revenue stream and cannot afford the risk of a shutdown + wet weather. If they take a 36 day shutdown and they also experience significant wet weather delays from the (almost inevitable) wet summer, then they won't have a cashflow. Cashflow has a tangible value that the board has weighted more heavily than ideal PA production figures.
Yeah, it's a bit roundabout but essentially they are reducing...
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Last
58.0¢ |
Change
-0.045(7.20%) |
Mkt cap ! $1.234B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 57.5¢ | $7.897M | 13.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5191 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 61056 | 3 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RSG (ASX) Chart |