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Rural Funds Group raising $100m for macadamia initiatives


Rural Funds Group raising $100m for macadamia initiatives
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Stockbrokers Bell Potter, Wilsons and UBS have been tapped for a $100 million rights issue by farms owner Rural Funds Group.
Rural Funds has begun planting macadamia trees in Bundaberg (pictured), Maryborough and Rockhampton. 
The offer to existing investors comes with a $2.47 per share price tag - a 5 per cent discount to its last close price of $2.60.
The agriculture real estate trust will invest the funds in its macadamia orchards, having revealed in February that it would plant 500 hectares of new macadamia orchards this calendar year.
Part of the funds have also been flagged for investments in cattle operations, with the group already close to the likes of JBS and AACo, leasing land to the big corporate farmers and feedlot owners. ....

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What is short selling & what stocks are now being shorted?


Switzer Daily
What is short selling & what stocks are now being shorted?
12 February 2021
Could the ASX become subject to the same trading shenanigans in the US that put a rocket up the share price of struggling video outlet operator GameStop and then the silver market?
It’s certainly food for short … er, thought.
This month, shares in online travel agent
Webjet (WEB) have climbed around 10% as online trading communities seek to
replicate the “short squeeze” that pushed GameStop stock up more than
threefold.
It’s no coincidence that Webjet is the most
short-sold stock on the ASX, having borne the brunt of the travel sector’s ....

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Rookwood Weir project reaches major milestones


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THE YEAR 2021 is shaping up to be the year of Rookwood Weir after a huge update was provided by the Queensland Government following an inspection of the project site on Thursday morning.
Located 66km southwest of Rockhampton on the Fitzroy River, the $352.2 million water infrastructure project promises to provide 76,000ML water underpinning agricultural, industrial and urban growth while driving new economic and employment opportunities for the region.
Jointly funded by the Australian and Queensland governments, and delivered in partnership with Sunwater, the Rookwood Weir will provide for more than 200 jobs during construction – with at least 140 of those to be sourced from Central Queensland. ....

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