Hi Plough,Glad to see you back, hope you have been travelling...

Hi Plough,

Glad to see you back, hope you have been travelling well.

You are right, unfortunately there was not very much rain over the storages that will help NAM. I check that water info site regularly thanks, they just don't update it regularly enough though and the better link is this one I think;

http://waterinfo.nsw.gov.au/sr/storagesummary.shtml

The top 5 dams are the ones of interest to us and Copeton being the big one of course because of its holding capacity. Even though much of the rains did not fall into the catchments of the dams, there were some good rains that fell to both water the crops and get some flows into the rivers to enable some pumping, I am not sure on how much though. These flows probably came too late to affect how much crop was planted this year, though if the cockies can just get some in storage it may help increase the amount that is sown next year. With the grain prices down cotton is looking the better option if they have water.

Hopefully the current rains came early enough before large scale plough-out occurred and most got their entire crops through. I guess we won't have that answer until most of the crops are ginned, or until we get an update from the company, though that is like waiting for a Brisbane train;). I sent an email off to the secretary with a few questions last month, which I did not think were sensitive, though I didn't even get a response, so nothing to report from that front. I guess we just need to wait until the numbers come out.

I have been hopeful of an update coming out soon about either the next divi or continuing the sbb, and still waiting!! For the moment I am just hanging, either waiting to buy or sell on that news, though I am hopeful to buy.

All the best and stay in touch, there is still not enough info coming about NAM. Mop.