PAG primeag australia limited

rains fill dams for irrigation

  1. DSD
    15,978 Posts.
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    PAG has suffered for several reasons incl. some poor decisions by management. much of the farmland has irrigation capability but has been hammered severely from the drought. recent rains in QLD are rapidly filling the rivers from which PAG pump to fill their dams. Some storage dams are already at capacity e.g.in Emerald. A large winter cereal crop is now likely. i bought some today as company is debt free with 10m in cash and should plant huge winter crops this year. most of the PAG farms have excellent soil fertility and were carefully selected.
 
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Currently unlisted public company.

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