On page 1 of the fin review today, an article talks about the 3 power stations and govt compo – ie is it enough-with the possibility of station/s going broke etc due to re-fi risk, asset writedowns and uncertainty on ETS…at the very least the article cites covenant breaches (which usually leads to a re-negotiation of loan terms ie tenor/rate [worse for stations due to higher rate and shorter term])
I think power stations are playing a dangerous hardball game on compo; i only hope they dont talk too long in that esi has to go offshore - it would be a shame if political manourves means the world class tech of esi is not in La Trobe
However, power station's loss, not esi’s; non-combustible sub bit coal can go anywhere
EGM will not dissapoint
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On page 1 of the fin review today, an article talks about the 3...
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