Another good announcement to underpin the current share price....

Another good announcement to underpin the current share price.

SHV is leasing additional acreage in the Hillston area, they've re-finance debt including an scope for increased debt levels to accommodate planting of the new almond orchards in Western Australia. Great to see that this debt was able to be re-financed well before the existing debt was due to expire in June 2010. This suggests that their banker is comfortable with the progress to date following the collapse of TIM & GTP. This is a plus for SHV.

And then as I've mentioned in the water allocations topic the water allocation has been increased to 78% with a final allocation to be made on 1/4/10. So far March 2010 has seen rainfall more than double the March average.

I was surprised that there was no mention of the 4.5m SHV shares owned by TIM, the Expression Of Interest for these closed on 9/3/10. Presumably we'll see a change in substantial holder notice in the next couple of days.