If the Government still hasn’t decided whether to sell the assets, why is its stockbroker advertising them?
Could it be that the Nats’ consideration of the Tribunal’s findings is just a sham?
In related news, it turns out that Mighty River has so far spent $3.8m on preparing itself for sale. That brings the total spent to date to over $16m. And that’s before a single share has been sold! There’s $96m still in the budget to pay for the sales, plus big off-budget costs like the water rights case, the SOEs’ own costs, and the looters’ bonus. And don’t forget that, even once the sales are finished, the costs would keep mounting at over $100m a year.
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