Duxton Water (ASX:D2O) released a statement this morning responding to media reports regarding water hoarding.
Duxton water say they welcome and are supportive of the further investigation by the ACCC into the Southern Murray Darling Basin water market, as an extension to the existing role that they’ve performed in monitoring and reporting of the market development since 2012.
They say they are a long-term investor of Australian permanent water entitlements and that the purpose of Duxton Water is to build a portfolio of permanent water entitlements and provide flexible water supply solutions to Australian farming partners.
It is the Company’s intention to have 70- 80 per cent of the portfolio leased with the balance of the portfolio actively managed and deployed through the provision of other water supply solutions.
Shares in Duxton Water (ASX:D2O) closed -4.76 per cent lower at $1.30 yesterday.