LOL too funny! Purely TA will cost dearly with this stock. Just look at ASX grain futures contracts. I'll spell it out for you - a domestic drought in Australia leads to a domestically driven market. It was reported on Reuters two days ago Australia may even have to import grain this year. Given the risk of delivering to the AWB pool, many growers will preferentially sell to domestic players which is deregulated. You will see wheat fed to livestock this year. Good luck cowboys! Any rallies will be sold into by farmers who are worried this baby may not recover after the Cole Inquiry. A $600 million bill from the ATO would be enough to break this company.
AWB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held