MtM is market to market. My holdings are in the MIA (murrumbidgee irrigation area) so a good site to see perm prices for high security water is www.murrumbidgeewater.com.au
dunno who is doing the buying, small players or large, but all the HS perm water had been bought up at $3k/mgl... really odd because I was expecting maybe be extra water on the market due to MIS scheme failures but clearly this is not the case... I was hoping to buy more physical.
anyway, I'm in TAN as a function of the reasons in the FT article + its a water play... any upside in softs prices should benefit TAN one way or another (excepting mgt stuff ups which are always a possibility) http://www.ft.com/cms/s/0/be81e162-550a-11de-b5d4-00144feabdc0.html
TAN Price at posting:
27.1¢ Sentiment: LT Buy Disclosure: Held
