Yes I did sell and by the way check my posts I'm thinking the deal will go thru. It won't be pretty if J-Power pull out last minute. I hope they don't then its up to shareholders to vote. Not my problem either way. By the time you eventually get your money (if all goes well) I have the certainty of the money in my account and earning more via other use of funds. So the extra 10% is probably more like 3% more if the deal goes thru. And for me 3% less with 100% certainty is better place to be than trying to earn 3% more a hoping the deal happens.
So not sure what your really getting at. I not completely against the sale. But the more delays that occur I'm kinda thinking J-Power is getting a good deal. Because there is probably less than 6 months of construction left on Hydro. So my point is why sell now? For shareholders its just better to sell in 12 months as working assets to the likes of Origin or AGL and the like then selling when the project is almost complete.
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THE PROJECTED CASH FLOWS ARISING FROM THE ENERGIZATION OF KIDSTON STORAGE PUMPED HYDRO (K2H), page-24
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