1 00:00:00,080 --> 00:00:06,040 Speaker 1: Meghan Markle, otherwise known as HRH, Duchess of Sussex. Now, whoops. 2 00:00:06,280 --> 00:00:08,039 Speaker 1: We all thought that we weren't going to refer to 3 00:00:08,080 --> 00:00:11,000 Speaker 1: her as the HRH, Duchess of Sussex, but apparently she's 4 00:00:11,039 --> 00:00:12,800 Speaker 1: referring to herself as that. And now the reason that 5 00:00:12,840 --> 00:00:15,480 Speaker 1: we know this is because she sent a gift basket 6 00:00:15,520 --> 00:00:17,160 Speaker 1: to somebody that she knows, I think with somebody she's 7 00:00:17,200 --> 00:00:19,479 Speaker 1: doing a podcast with or whatever. And in the gift 8 00:00:19,480 --> 00:00:21,959 Speaker 1: basket was two tubs of ice cream and some homemade 9 00:00:22,120 --> 00:00:26,280 Speaker 1: strawberry jam and a card that said, with the compliments 10 00:00:26,320 --> 00:00:29,720 Speaker 1: of HRH the Duchess of Sussex. Now old mate who 11 00:00:29,760 --> 00:00:32,480 Speaker 1: she sent it to put that on social media and 12 00:00:32,840 --> 00:00:38,159 Speaker 1: everybody's sort and people with eagle eyes work. Hang on, Meghan, didn't, 13 00:00:38,360 --> 00:00:42,839 Speaker 1: didn't didn't Elizabeth say you can't use the HRH anymore 14 00:00:42,840 --> 00:00:45,120 Speaker 1: because you and Harry decided to abandon the Royals and 15 00:00:45,200 --> 00:00:47,839 Speaker 1: naf off to California. Yeah, you're not supposed to be 16 00:00:47,920 --> 00:00:50,120 Speaker 1: using it. But then, of course the two of them, 17 00:00:50,159 --> 00:00:54,040 Speaker 1: because they're unbelievable, said no, no, no, it's totally fine 18 00:00:54,080 --> 00:00:55,720 Speaker 1: if we use it, because we're just not allowed to 19 00:00:55,800 --> 00:00:58,760 Speaker 1: use the HRH in public like commercially, we're allowed to 20 00:00:58,840 --> 00:01:02,760 Speaker 1: use it privately and this was whatever that is absolute 21 00:01:02,800 --> 00:01:05,720 Speaker 1: bes because there was someone else who lost the HRH 22 00:01:05,760 --> 00:01:08,760 Speaker 1: as well, that was Prince Andrew. And Prince Andrew doesn't 23 00:01:08,920 --> 00:01:11,920 Speaker 1: use it in public or privately or at all. And 24 00:01:11,959 --> 00:01:14,280 Speaker 1: it is a rough day. I will tell you when 25 00:01:14,400 --> 00:01:16,759 Speaker 1: Andrew is doing a better job of following the rules 26 00:01:16,840 --> 00:01:18,840 Speaker 1: than you. So anyway, Gavin Gray is going to talk 27 00:01:18,880 --> 00:01:20,520 Speaker 1: us through that shortly. And by the way, that is 28 00:01:20,560 --> 00:01:22,399 Speaker 1: not the end of the Megan Michael news that I 29 00:01:22,440 --> 00:01:24,600 Speaker 1: have for you, because she is incorrigible at the moment. 30 00:01:24,640 --> 00:01:27,080 Speaker 1: Stand by for the next but twenty three away from seven. 31 00:01:27,120 --> 00:01:31,000 Speaker 1: Now the future is secured for Fucker Puppa Skifield. Doc 32 00:01:31,120 --> 00:01:34,000 Speaker 1: has granted Fucker Puppa Holdings a ten year concession to 33 00:01:34,040 --> 00:01:36,320 Speaker 1: operate the skifield. And this comes after the government spent 34 00:01:36,400 --> 00:01:39,480 Speaker 1: fifty million dollars to keep the skifield going after Rupe 35 00:01:39,520 --> 00:01:42,520 Speaker 1: who Alpine Lifts went bust. Dave Maisie is Fucker Puppa 36 00:01:42,520 --> 00:01:46,840 Speaker 1: Holding's chief executive and with us, Hey, Dave, congratulations, thank 37 00:01:46,880 --> 00:01:47,640 Speaker 1: you very much. 38 00:01:48,400 --> 00:01:50,919 Speaker 2: Is it an honor to follow an article on Megan? 39 00:01:51,480 --> 00:01:54,080 Speaker 1: Oh jeez, I don't know, do you know what? Just 40 00:01:54,200 --> 00:01:56,600 Speaker 1: console yourself with the fact that whatever you do, you're 41 00:01:56,640 --> 00:01:58,640 Speaker 1: not going to annoy people as much as she does. 42 00:01:58,720 --> 00:02:01,520 Speaker 1: So you're already on the winner. I want to talk 43 00:02:01,520 --> 00:02:04,120 Speaker 1: to you about this ten year concession. Now, normally the 44 00:02:04,160 --> 00:02:07,040 Speaker 1: concessions are a lot longer. What's happened here? Why have 45 00:02:07,080 --> 00:02:09,000 Speaker 1: you It's like thirty to forty years in most cases, 46 00:02:09,000 --> 00:02:09,799 Speaker 1: So why have you got ten? 47 00:02:12,080 --> 00:02:14,120 Speaker 2: We were quite comfortable with the ten that was on 48 00:02:14,160 --> 00:02:19,000 Speaker 2: the table and developed that of discussions with EWI and 49 00:02:19,080 --> 00:02:25,080 Speaker 2: DOC And it's really to provide at least five years 50 00:02:25,160 --> 00:02:30,480 Speaker 2: of ability in a less pressured environment to have the 51 00:02:30,520 --> 00:02:34,079 Speaker 2: discussions with EWI to see what are the long term 52 00:02:34,120 --> 00:02:38,680 Speaker 2: acceptable outcomes for that place in the context of fokobabisci area. 53 00:02:38,960 --> 00:02:41,679 Speaker 1: And is the answer that that is all that EWE 54 00:02:41,760 --> 00:02:42,799 Speaker 1: would have allowed you to have. 55 00:02:43,960 --> 00:02:48,520 Speaker 2: Well, possibly, but we actually agreed with the philosophy that 56 00:02:48,639 --> 00:02:51,320 Speaker 2: it is pointless trying to resolve a twenty or thirty 57 00:02:51,400 --> 00:02:54,600 Speaker 2: or forty year future in the context of what has 58 00:02:54,720 --> 00:02:58,840 Speaker 2: been going on since RAL went into liquidation in their receivership, 59 00:02:59,440 --> 00:03:03,840 Speaker 2: and so to take the opportunity to keep it running 60 00:03:03,880 --> 00:03:07,000 Speaker 2: and ticking and providing value on benefits for communities and 61 00:03:07,320 --> 00:03:11,600 Speaker 2: North Islanders primarily and communities in the central North Island, 62 00:03:12,160 --> 00:03:15,800 Speaker 2: and have the opportunity with the eight various EWI entities 63 00:03:15,840 --> 00:03:19,560 Speaker 2: that we need to engage with to do that in 64 00:03:19,600 --> 00:03:24,440 Speaker 2: a less pressured time pressured environment is the only way 65 00:03:24,440 --> 00:03:28,320 Speaker 2: we're going to understand and develop a long term future. 66 00:03:29,080 --> 00:03:31,400 Speaker 1: How did you feel about putting I mean, you obviously 67 00:03:31,480 --> 00:03:33,800 Speaker 1: have to put a fair amount of investment into this business, 68 00:03:33,800 --> 00:03:36,960 Speaker 1: and knowing that you're doing that, knowing you've only got 69 00:03:37,000 --> 00:03:40,040 Speaker 1: ten years rather than thirty or forty, comfortable with that? 70 00:03:41,400 --> 00:03:44,760 Speaker 2: Yeah, I mean our investments in the next few years 71 00:03:44,800 --> 00:03:48,880 Speaker 2: will be focused on changes that we can make that 72 00:03:49,000 --> 00:03:52,840 Speaker 2: will have a relatively fast payback. So your snowmaking is 73 00:03:52,880 --> 00:03:57,600 Speaker 2: the classic snowmaking and groomyo classics. And then past that, 74 00:03:58,840 --> 00:04:01,640 Speaker 2: we're taking on thirty a half million dollars worth of 75 00:04:02,600 --> 00:04:05,560 Speaker 2: debt that is due for repayment in three or four 76 00:04:05,640 --> 00:04:09,280 Speaker 2: years time, and we need to work through that with 77 00:04:09,400 --> 00:04:14,000 Speaker 2: those bondholders and those providers of that debt, and then 78 00:04:14,080 --> 00:04:17,960 Speaker 2: hopefully within five to ten years we have an answer 79 00:04:18,040 --> 00:04:23,520 Speaker 2: on what's an acceptable long term operation and development, and 80 00:04:23,560 --> 00:04:25,560 Speaker 2: then we will apply for a longer term license. 81 00:04:26,400 --> 00:04:30,000 Speaker 1: Yesterday, the EWE told newsroom dot co dot and said 82 00:04:30,040 --> 00:04:33,240 Speaker 1: that they want the government's retreat from the mountain. Does 83 00:04:33,279 --> 00:04:34,200 Speaker 1: that include you two? 84 00:04:36,640 --> 00:04:40,360 Speaker 2: I think that my reading of that newsroom article, it's 85 00:04:40,400 --> 00:04:46,080 Speaker 2: from EWE of ninety two for itire and it's more 86 00:04:46,160 --> 00:04:51,400 Speaker 2: they want the government removed from the governance of themonger 87 00:04:52,760 --> 00:04:58,360 Speaker 2: and it steered because they believe that the original Tukou 88 00:04:59,520 --> 00:05:03,960 Speaker 2: which put place the peaks of the three mountains in 89 00:05:04,000 --> 00:05:08,640 Speaker 2: a co governance relationship rather than a gift. The crown 90 00:05:08,720 --> 00:05:11,400 Speaker 2: has an honored the side of that co governance. And 91 00:05:12,560 --> 00:05:17,760 Speaker 2: it's complex, and you and I aren't going to solve 92 00:05:17,800 --> 00:05:19,000 Speaker 2: complex issues like that. 93 00:05:19,279 --> 00:05:21,080 Speaker 1: You worried about climate change and the fact that you're 94 00:05:21,080 --> 00:05:23,880 Speaker 1: going to have less and less snow up there, all right. 95 00:05:24,360 --> 00:05:26,080 Speaker 2: And that's part of what we need to start doing 96 00:05:26,120 --> 00:05:28,240 Speaker 2: over the next five to ten years is transition the 97 00:05:28,279 --> 00:05:33,719 Speaker 2: business and that the entity into something that can be 98 00:05:33,800 --> 00:05:38,560 Speaker 2: sustainable throughout the variability of weather that we're going to 99 00:05:38,600 --> 00:05:42,840 Speaker 2: have in our lifetime. And we're like, you know, if 100 00:05:42,920 --> 00:05:46,560 Speaker 2: you're farming in the Far North and then fifty years 101 00:05:46,640 --> 00:05:49,440 Speaker 2: time it's going to be two degrees warmer, you'll start 102 00:05:49,480 --> 00:05:52,240 Speaker 2: to think about what crops would I be planting in 103 00:05:52,279 --> 00:05:55,159 Speaker 2: fifty years time, but you won't necessarily move to them tomorrow, 104 00:05:56,040 --> 00:05:58,480 Speaker 2: and it will be in that game. And yes, definitely 105 00:05:58,480 --> 00:06:01,560 Speaker 2: there'll be shorter seasons, there'll be less snow, and we'll 106 00:06:01,640 --> 00:06:05,440 Speaker 2: use snowmaking opportunities and snow management opportunities to mitigate some 107 00:06:05,560 --> 00:06:09,560 Speaker 2: of that. The Skywalker is a classic investment that was 108 00:06:09,600 --> 00:06:15,280 Speaker 2: targeted at providing a stronger year round business or commercial activity, 109 00:06:16,080 --> 00:06:18,920 Speaker 2: and so there's a transition process that's to go there. 110 00:06:20,839 --> 00:06:25,840 Speaker 2: We know what the current scientific evidence is saying about 111 00:06:25,839 --> 00:06:27,640 Speaker 2: what the climate would look like in New Zealand and 112 00:06:27,640 --> 00:06:31,520 Speaker 2: fifty years time, but it'll be a slow process and 113 00:06:31,560 --> 00:06:33,960 Speaker 2: we will transition to match that. I've got no doubts 114 00:06:33,960 --> 00:06:34,279 Speaker 2: about that. 115 00:06:34,320 --> 00:06:35,880 Speaker 1: Well, Dave, feast of luck with it, and I hope 116 00:06:35,880 --> 00:06:38,040 Speaker 1: you have a wonderful time running this business. Dave Maysie, 117 00:06:38,040 --> 00:06:39,880 Speaker 1: the chief executive of Fucker Pupper Holdings. 118 00:06:40,800 --> 00:06:43,960 Speaker 2: For more from Heather Duplessy Allen Drive, listen live to 119 00:06:44,080 --> 00:06:47,080 Speaker 2: news talks. It'd be from four pm weekdays, or follow 120 00:06:47,120 --> 00:06:48,919 Speaker 2: the podcast on iHeartRadio.