MRG murray river organics group limited
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Massive tailwind for MRG, page-7

  1. farmerpaul
    217 Posts.
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    08/12/18
    17:04
    Post #: 36794411
    Regarding potential for revaluation upside. Farm transactions have come to a halt with temporary water prices at $400 per meg. Dried fruit properties are worth 7 to 15k an acre, however I'm not sure what they are holding them on their books for. $15k an acre is for quality high yielding properties.

    I hope they have forward arrangements for their water as this will be the final nail in the coffin.
    MRG Price at posting: 8.4¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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