Viewing the AGM from GNC's site, there was only one question asked, which was about the level of investment in storage facilities in NSW for the FY 21 (and FY 22) crops.
MD/CEO Mr Spurway said GNC had created an extra one million tonnes of storage, mostly across NSW and Victoria, and it had also opened up (reopened) what it terms 'flex sites' (which one assumes means they are not guaranteed to be open for every winter crop). In relation to the latter, that initiative added an extra 1.5 million tonnes.
Mr Spurway added that GNC aimed to not just meet but exceed expectations for FY 22. Perhaps being more specific might give too much information to competitors.
It must be difficult to decide how much more (if any) to add given 'too much' means return on invested capital drops, while 'too little' can mean annoyed graingrowers. As seen in November 2021, weather can change harvests in an instant.
GNC Price at posting:
$7.97 Sentiment: Hold Disclosure: Held
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