Been topping up since the buyback was announced and holder since...

Been topping up since the buyback was announced and holder since 2017, great outlook for this stock comes with the acceptance of climate change causing water scarcity at a much quicker rate than is expected.

Obviously natural cycles in between will still occur and short term water prices will fluctuate.

Long term 5-7 years I expect we will see similar growth percentages as we have already seen from $1 to $1.5 continue upwards as media content surrounding climate change increase awareness and attracts more investment interest into not only renewables but water as a serious commodity.

Some may see this as a safe anti recession stock which it is but we have seen 50% growth since around Feb 2018 and that's not including dividends. Directors kept buying more after we dropped to around $1.30ish and then announced the buyback. I think the growth here over the next 5years is seriously undervalued as they increase the portfolio of long term leases of water significantly.

The water demand for almond crops is going to be huge - let's review this outlook from d2o -

Australian bearing almond orchard
size has grown 14.9x since 2000,
with over 15,000ha planted
between 2016 and 2018 alone.

At full maturity, this equates to a
total industry demand (assuming no
further plantings) of ~630GL of
water to sustain production.
• This equals ~8% of total
entitlements on issue and ~28.2%
of High Security entitlements
available to Irrigators; this could
represent a higher percentage
depending on annual allocation
volumes.

This alone is extremely important for the demand for water and the likelihood of d2o leasing out the majority of their portfolio and acquiring more entitlements.

This isn't just a safe stock but you get a massive upside potential with a safe floor.

All IMO and DYOR. Gl all holders.