Ann: Elders Limited Investor Presentation, page-9

"Don't understand the massive sell-off if this forecast is to be believed"

It has nothing to do with fear of El Nino. You only have to read the many posts on various threads to understand why sentiment has deserted this stock. It is not incompetence from management, rather a lack of transparency or keeping all shareholders informed. The market has clearly lost faith in it and no longer believes, nor did the the select institutions when they were alerted to downside risks.

I hope for the sake of all holders management are able to achieve FY23 Guidance. Unfortunately this will not be sufficient for those who have lost ~50% of their capital. The damage has been done and will take time to repair.