$3.80 is still way too low to support new supply. The UG project wouldn’t be a starter if the big old plant wasn’t given zero value when the capital was raised.
It’s much better than the $1.90 That caused the cut back funding crisis back in 2016.
Patience looks like finally being rewarded all be it not as handsomely as it would have been if the Pumped Hydro detour hadn’t bought mining to a very wasteful stand still for 3years
Love where we are but mourn what may have been possible if the major shareholder had been focused on mining instead of getting their money back quickly
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