Duxton Water respond to water hoarding media article

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.