From my understanding, NSW is in a drought. Tougher restrictions on aquifer drawdown. It's like an allocation program that is set out. Your comment that "its all good, they all have dams and bores". Just imagine having those things, and then having a mine down the road causing a lot more down draw to dry these up. As a farmer, how pissed would you be that the new guy is using your water rights? You're essentially saying that they're not in a drought and industry can start whenever they want. I'm pretty sure in NSW water rights are sold to overseas owners too. Not going to keep harping but its clearly a company that running high management fees. All that money you think they have is going to be gone soon at the rate they are burning through cash. Man I don't even hold any shares in this, but people just need to beware. 0.001 is the only bargain here.
ANW Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
