A very bad year was always a given seeing the rain has not let...

A very bad year was always a given seeing the rain has not let up and now nearly hitting all time highs,
they have mentioned it in the monthly updates and you have posted your observations and discussions
with the locals about this, it is something that is out of all of our hands...its very unfortunate

The positives is that everyone is safe, livestock is safe and herded to upland areas with feed...but not out
of the woods yet....this is great news

A basic guarantee that capital wont be raised at significant discount to NTA and that the recent season has
no impact on this commitment and our lenders continue to offer support....this is great news

Piambie farms have avoided flooding so far...again good news

And the biggest positive could be that the upgrade of Wyangala Dam is taken more serious, what happened
to Eugowra and Molong was truely scary, having a tsunami wave hit where water raised nearly two feet in
a couple of seconds is kind of unheard of with Wyangala releasing 65% the volume of Sydney Harbour every
24hours...the footage is amazing

On the downside though is will all this flooding affect the valuations of the farms, we are pretty leveraged at
present so any downward valuations will hit the NTA pretty hard

My thoughts are with all Duxtons staff and the whole Forbes community for what might happen in the next
day or two and the cleanup ahead and also the whole farming community dealing with this giant flood event

Take care everyone and stay safe

Cheers grant