Ann: Full Year Results Presentation, page-62

Interestingly 12 years of supply required storage which I am assuming is how GMG reached 98.7% for the next 14.8 years, so a weakness in commodities & oil supplies will be run down as demand going forward with War taken out of the equation will result in lower demand. Or demand will fall faster than supply due to recessionary demand on output & services to a lessor degree.
Thats how I read that chart.
This is a good chart based on numbers calculated from inventories registered.
For a self funded company, a recession will actually bring about opportunities of other facilities that will become available hence no point in extending capex when you can purchase established premises cheaper than you can get building them.....very clever move......a base for higher yields & lowering LVR further than it is.
Good chart.