According to the recent announcement things look positive in the longer term. In the short term it doesn't look like the floods have caused too much damage. Hints at higher finance costs as per stayer's message. For this year I think the added volumes will out way the extras costs. Future profits should rise substantially if we don't go back into drought with the current water storage etc. If cotton stays at a high price there will also be huge areas of dryland cotton next year if the ground moisture is right at planting time.
NAM Price at posting:
49.0¢ Sentiment: LT Buy Disclosure: Held