A good bit of business indeed. Water bought as part of Tandou in 2015 for a bit over $1000/Ml is sold 2 years later for about $3500/Ml. Should anyone raise an eyebrow at such price appreciation? Perhaps Mr and Mrs Taxpayer should, they're the ones funding it. Or perhaps Webster just identified a mis-priced asset and took advantage.
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- Ann: Webster Sale of Water Entitlements to Commonwealth
Ann: Webster Sale of Water Entitlements to Commonwealth, page-14
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