7.30 Report on MBDC water trading.
The MDBC is a mess. If they don't track trades, the market is operating in the dark. Any sharemarket investor worth their salt knows the value of timely price discovery and be very unhappy with the lack of sunlight.
This also throws into doubt the MDBC's capacity to identify fraud. Stories of water fraud are common - and stealing water puts honest players at a significant disadvantage.
The conservation-minded will have a field day with this. The biggest loser is the environment and river flows to Adelaide. Some hot-heads will seek to conflate all irrigators with the thieves. SHV needs to be on the front foot with this issue.
https://www.abc.net.au/news/2020-06-11/water-officials-believed-it-impractical-to-monitor-water-trades/12340910
Watch this space.
Ash
Water rights
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 (20min delay)
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Last
$3.63 |
Change
0.120(3.42%) |
Mkt cap ! $439.4M | |||
| Open | High | Low | Value | Volume |
| $3.49 | $3.63 | $3.49 | $977.1K | 273.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13320 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$3.61 |
Change
0.120 ( 2.29 %) |
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| Open | High | Low | Volume | ||
| $3.54 | $3.63 | $3.49 | 40895 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| SHV (ASX) Chart |