Some of the pessimism in this article may at least partly...

  1. 11,148 Posts.
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    Some of the pessimism in this article may at least partly explain the fall in GNC's share price to (as I write) about A$3.66:

    https://www.moreechampion.com.au/story/6977158/east-coast-harvest-delays-appear-inevitable/?cs=1483

    However, today there doesn't seem - yet - to be much rain in northern NSW, while in Victoria it's patchy but more coming over from SA. (GNC does not IIRC have storage in South Australia).

    We can't however rule out flooding or harvesters being bogged in paddocks in the next fortnight from what the article says, and therefore downgrading of wheat quality grading.. A solace is that this year BOM hasn't been overly accurate with its forecasts. But I'm only an urban dweller.
 
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Last
$7.79
Change
0.030(0.39%)
Mkt cap ! $1.731B
Open High Low Value Volume
$7.78 $7.81 $7.71 $10.86M 1.397M

Buyers (Bids)

No. Vol. Price($)
1 3940 $7.78
 

Sellers (Offers)

Price($) Vol. No.
$7.79 21209 3
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
GNC (ASX) Chart
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