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Water
nipper
post Posted: Apr 6 2019, 06:57 AM
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Three water quality plays (one seems flush, the others may go down the gurgler):
https://www.sharecafe.com.au/2019/04/04/thr...fication-market



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 
blacksheep
post Posted: Dec 12 2018, 08:09 PM
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Harvard Quietly Amasses California Vineyards—and the Water Underneath
Making a bet on climate change, the university’s $39 billion endowment has been snapping up farmland and the related water rights

QUOTE
Harvard’s bet has proven prescient. The $39 billion fund, among America’s biggest endowments, now values its vineyards at $305 million, up nearly threefold from in 2013, while its overall natural-resources investments have done poorly.


QUOTE
In a warming planet, few resources will be more affected than water, as more-frequent droughts, storms and changes in evaporation alter a flow critical for drinking, farming and industry.

Even though there aren’t many ways to make financial investments in water, investors are starting to place bets. Buying arable land with access to it is one way. In California’s Central Coast, “the best property with the best water will sell for record-breaking prices,” says JoAnn Wall, a real-estate appraiser who specializes in vineyards, “and properties without adequate water will suffer in value.”

Investors who see agriculture as a proxy for betting on water include Michael Burry, a hedge-fund investor whose wager against the U.S. housing market was chronicled in the book and movie “The Big Short.” In a 2015 New York Magazine interview, Mr. Burry was quoted as saying: “What became clear to me is that food is the way to invest in water. That is, grow food in water-rich areas and transport it for sale in water-poor areas.” Mr. Burry declined to comment.


https://www.wsj.com/articles/harvard-quietl...=trending_now_1



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Sep 16 2018, 10:30 AM
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https://www.theaustralian.com.au/business/w...438ebffb58fc95c

D2O, WBA, SHV



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 6 2018, 04:01 PM
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An interest read - The day they turned off the taps - http://aheadoftheherd.com/Newsletter/2018/...ff-the-taps.pdf

QUOTE
Conclusion
Our world’s most precious resource, water, is in danger from rising temperatures
due to human-caused or natural global warming. The changes are so gradual that
most of us don’t even notice they’re happening. What does it matter if the sea
rises a few centimeters a year, or if the aquifers are losing groundwater? It
matters because we interfere with nature at our peril.

As we stated at the top, of all the water on Earth, less than 1% is fresh - found in
underground aquifers, lakes and rivers. It’s actually very little, and it doesn’t take
much to throw the entire system into chaos. We rely on aquifers not only for
drinking water, but to irrigate land and grow crops. Saudi Arabia is a good
example of a country that over-pumped its water supplies so much that it can no
longer produce its own food. Droughts caused by a warming planet are getting
more frequent and lasting longer. Combine depleting aquifers and saltwater
intrusion with desertification, and you have a recipe for crop failure, leading to
food insecurity, higher food prices, starvation, mass dislocations of populations
and possibly even wars. The next time you fill a glass of water from your tap at
home, think of where it came from, and how much is left.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jul 3 2018, 10:55 PM
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QUOTE
Financial Review - afr.com
...
Blue Sky Alternative Investments has defended the strategy behind its water fund, saying there is no impropriety involved and that it could not move the market for water rights in its trading activities.

Acting Blue Sky boss Kim Morison told The Australian Financial Review's Chanticleer column on June 27 that Blue Sky accounts for only 10 or 20 per cent of transactions in the entire Australian water market. In the same interview, he acknowledged "there is a rumour around that this is a Ponzi scheme", which he forcefully rebutted and Blue Sky backed up in a separate update on Tuesday.

"Blue Sky actively limits its deployment of committed capital to prevent artificial inflation of market prices over time," the company said in an ASX statement. On the basis of its "relatively low level of monthly turnover", Blue Sky "rarely outbids irrigators in the various regional water markets". Irrigators are the end users of water.

"Blue Sky categorically rejects any suggestion that its activities in Australia's water markets" are "illegitimate, lack due process and governance, or are inconsistent with principles of the National Water Initiative to promote markets to allow water to trade to its highest and best use."....

..Water market experts supported the view that investor participants could not corner the market, which is dominated by irrigators and government owners.

Alister Walsh, director of water at Duxton Capital and manager of the ASX-listed Duxton Water, estimated that state and Commonwealth governments held around 30 per cent of the rights in the Southern connected system which covers the Murray Darling.

"Of the roughly 70 per cent of rights that are left, the majority are held by irrigators themselves; using the data available to us we estimate only 3 to 5 per cent are held by investor groups, like Duxton Water," he said.

"Groups like ourselves which are coming into the market, not looking to use the water for production, are able to provide alternative water supply solutions (like long-term leases) that are supporting the development of further agri-production in these regions. For irrigators, their decision on what to pay for water comes down to the economic return per megalitre that they can generate in their respective industries."




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 12 2017, 11:12 AM
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Steady drip of allegations
http://mobile.abc.net.au/news/2017-09-11/d...fficial/8892208

And now ICAC investigating http://mobile.abc.net.au/news/2017-09-11/m...456?pfmredir=sm



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Jul 10 2017, 01:25 PM
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The number of farms across Australia that irrigate has dropped to 22,700 in the year to June 2016 from 36,200 in the year to June 2014

Colliers International's Rural & Agribusiness director of valuation Shaun Hendy said he had noticed certain changes to what farmers were doing with water. "There are structural changes going on which would account for the changes in usage and that includes an increase in high-valued permanent tree plantings and the transition from traditional irrigated rice production to irrigated cotton – which uses less water per hectare basis," Mr Hendy said.

"We have observed that as part of the structural change in rice growing to cotton growing, irrigators are using less water and selling surplus water into the temporary water markets." "There may also be a decrease in farms that irrigate because they may have sold the water to the government or the farms might have amalgamated."



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Jul 10 2017, 12:04 PM
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QUOTE
Australian farmers are using about 23 per cent less water for their food and fibre production than they were just three years ago with government water buybacks, structural changes, and seasonal conditions all playing a key part in the overall reduction.

In the year to June 2016, about 85,000 farming enterprises used 9.2 million megalitres of water – or about 3.7 million Olympic size pools – for their crops, horticulture and animals. That figure is down from the 11.9 million megalitres used in the year to June 2013, according to the newly released data from the Australian Bureau of Statistics.

The majority of water used on farms is for irrigation and that figure has also reduced to 8.38 million megalitres from 8.95 million megalitres in June 2015 and 11.1 million megalitres in the year to June 2013.

The water use is likely to continue to reduce as farmers make changes to the way they farm and the government continues to take water out of the system.


QUOTE
Last month the Commonwealth government purchased all 21,901 megalitres of Tandou's Lower Darling irrigation water entitlements south of Menindee, NSW for $78 million from listed group Webster as part of the government's plan to decommission the Lake Tandou irrigation system which had been used for irrigated farming.

Read more: http://www.afr.com/real-estate/australian-...f#ixzz4mOGjTT9J



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 
nipper
post Posted: May 29 2017, 09:16 PM
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Posts: 5,846
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QUOTE
At the high-tech end of the water sector, Israeli firm and ASX listed Emefcy Group (EMC) has developed a Membrane Aerated Biofilm Reactor (MABR) product that enables wastewater to be reused for specific purposes such as crop irrigation. Emefcy has designed its technology for remote areas, invariably in poor parts of the world that suffer from severe water shortages.

The company announced it has three new commercial agreements in China and investors lifted the SP 27 per cent so far since the beginning of May.

"Anything that looks to contribute solutions to China's extremely serious water issues is likely to receive investor interest," Tom King, chief investment officer of Nanuk Asset Management, said. "But a lot of these smaller companies have a lot of value ascribed to the future."




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 14 2017, 09:14 AM
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• Blue Sky Water Fund (unlisted fund)
The Alternatives Fund's investment in the Blue Sky Water Fund increased 1.35% in January, with Water Entitlement values strengthening across most of the portfolio during the month. NSW general security Water Entitlements were the best performers with some prices rising 6% over the month.

• Duxton Water Limited (ASX: D2O)
Current inflows remain above average which is assisting to build momentum towards higher water availability for next season. Deliveries of Goulburn Inter Valley Transfers commenced in January. These IVT deliveries reopened the opportunities for temporary allocation trade out of the Goulburn valleys into the Murray system. This has been the catalyst for the temporary price decline (-2.23% for one month; -0.11% for 3 months). However, if dry conditions persist and current maturation of crops and/or carryover demand improves, a new price floor may emerge.

huh?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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