IMO we are at the bottom of the cycle. We have had El Nino and La Nina cycles out of wack. From what I understand usually a 1yr wet period followed by around 10 years of drying, we have had two wet periods close together, with Lake Eyre flooding more often to prove it. When things start to dry, the price is likely to go up from here IMO only. So the company is buying back during periods pre possible rise in share price. Water in the world is more in demand and increasing, and Australia is a net importer of immigrants and government manipulated artificial population growth (to keep growth at 3% to avoid recession), combined with global food prices rising coinciding with lower production around the glob. Why the ramble you may ask...all these things are great for Duxtons share price as it is used to produce food here in Australia going forward.
D2O Price at posting:
$1.55 Sentiment: Buy Disclosure: Held
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