D2O 0.34% $1.46 duxton water limited

Ann: Monthly Update - October 2020, page-3

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    So a year ago, 31 OCT 2019 update they had ~$321.3M in water assets and now this update 31 OCT 2020 they have less, at ~$314.14m in water assets. Yet their debt is going up! What are they spending the debt on? Dividends?
    you know that water writes are a market traded security right? could it be that the value of the assets depreciated over the year?
 
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