I had looked at buying RIC when it was about A$0.71 not so long ago but was worried about little/no news on NOVACQ and also (perhaps wrongly) about how good pasture thanks to rains would decrease demand for cattle feed.
That's been to my 'cost'.
Given that RIC has shot up to A$0.91, is it now fully priced or overpriced or is there still some value? I have other ag sector shares that have done very well (GNC is one) but as with many of us am cautious about overpaying when shares have had a 'run'.
RIC Price at posting:
91.0¢ Sentiment: None Disclosure: Not Held
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