That sounds like a variation 0f the thought processes of MIS investors, and of management who either didn't know better or else just pandered to their clients' ignorance of markets. Which is why they (including SHV's former incarnation) got into so much trouble. The tax advantages only turbo-charged the boom and bust.
The Murray-Darling system is much better managed than is California's water resources, but that is a pretty low bar. Would we have survived the Millennium Drought if it had lasted another 6-9 months? I think there would probably have been a refugee crisis in Eastern Australia, while cars would again have driven across the Murray. Will it happen again? Absolutely. Are we better prepared? Absolutely not!
Ann: Results Announcement 31 March 2021, page-22
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Last
$3.63 |
Change
0.000(0.00%) |
Mkt cap ! $498.4M | |||
| Open | High | Low | Value | Volume |
| $3.63 | $3.69 | $3.61 | $941.6K | 258.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6794 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 475 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| SHV (ASX) Chart |