I have a holding in a Kilter Rural Fund that has also frozen the fund to withdrawals after bleeding money with botched plans for aggregation. They also tried to minimise the damage by selling water.
Their problem was goldplating their capital investments, leaving land unused for ES purposes, and still charging huge (and UNsustainable) management fees. Agriculture investments can't carry those overheads (and these are good times both financially and weather).
My out of the box thought for the day: D20 goes to the government and says we will sell you all our water in the buy back for a price that our shareholders will be happy to accept. A 30% premium to the current share price would be a good deal. And government does its buyback in one transaction.
D2O Price at posting:
$1.39 Sentiment: Hold Disclosure: Held
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