Higher Aussie bids for Cubbie knocked back

Discussion in 'Markets & Economies' started by Dogmatix, Sep 18, 2012.

  1. Dogmatix

    Dogmatix Active Member

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    Article from ABC:
    http://www.abc.net.au/news/2012-09-18/higher-aussie-bids-for-cubbie-knocked-back/4268400

    This follows on / relates to discussions here:
    http://forums.silverstackers.com/topic-30438-gina-and-julia-page-4.html

    Part of me is annoyed by this revelation.

    The other part of me thinks that maybe the offers only came through after they realised they might be able to flip the property to the Chinese at a higher price and take a cut. Who knows.
     
  2. Jislizard

    Jislizard Well-Known Member Silver Stacker

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  3. Dogmatix

    Dogmatix Active Member

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    Thanks for that article... and whoa.

    Worse than I expected.
     
  4. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Er...why did it take three years for these other bids to be made?
     
  5. hiho

    hiho Active Member Silver Stacker

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    I wish the australian government had purchased it and shut it down, its a massive drain on the murray darling basin.
     
  6. rbaggio

    rbaggio Active Member Silver Stacker

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    Yup it's been controversial project from the start.

    PS. Liked your last avatar better.
     
  7. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    +1
     
  8. Dan Unda

    Dan Unda Member Silver Stacker

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    Is it??

    I take it you haven't been out to Menindee lately..


    Storage information
    View Storage data

    These data values are taken from the recording nearest to 9am.
    Tuesday Monday Sunday Saturday Friday Thursday Wednesday
    18-Sep-2012 17-Sep-2012 16-Sep-2012 15-Sep-2012 14-Sep-2012 13-Sep-2012 12-Sep-2012
    DARLING RIVER AT LAKES WETHERELL+ TANDURE TOTAL STORAGE (425020)
    Percent Full (%) 127.7 127.5 127.2 126.7 125.7 125.2 125.5
    Volume (ML) 244,545 244,190 243,598 242,655 240,776 239,842 240,426

    DARLING RIVER AT LAKE PAMAMAROO - STORAGE GAUGE (425021)
    Percent Full (%) 126.8 - - 125.8 125.8 124.6 124.4
    Volume (ML) 348,680 - - 345,770 345,770 342,852 342,123

    DARLING RIVER AT LAKE MENINDEE - STORAGE GAUGE (425022)
    Percent Full (%) 115.2 - - 116.1 116.4 116.4 116.7
    Volume (ML) 716,046 - - 721,040 722,690 722,690 724,343

    LAKE CAWNDILLA - STORAGE - GAUGE (425023)
    Percent Full (%) 111.8 - - 112.5 112.7 112.7 113.0
    Volume (ML) 695,546 - - 699,250 700,484 700,484 701,720

    MENINDEE TOTAL STORAGE (425049)
    Percent Full (%) 115.9 - - 116.0 115.9 115.9 116.0
    Volume (ML) 2,006,911 - - 2,009,267 2,007,399 2,007,325 2,009,405


    Still 4,428 ML/day going down the Anabranch, and the river at Wilcannia is flowing 4,395 ML/day (latest readings)

    Source >> http://waterinfo.nsw.gov.au/drr/darling.shtml#storage


    Aaand, Cubbie has long since taken all it can, so it's effect on the system right now is zip, nada, zilch.....



    3 years ago, Cubbie had no water and they couldn't give it away.. I was told at the time that they were actually growing (dryland) wheat in the bottom of their storage dams, to try & get what they could out of what little subsoil moisture remained..

    Then, guess what?? it rained!! (and rained some more)................

    At the height of the floods, it was estimated that Cubbie drew something like 6% of the water that was running past it, and this would have been only for the time it took to fill their storages, a couple of days at most, and there was one heck of a lot of water entering the Darling River (via the Warrego & Barwon Rivers) that had gone nowhere near Cubbie Station, so this "massive drain on the murray darling basin" is, to put it bluntly, a pile of horsesh$t! (nothing personal here, ya understand ;) )

    It should be noted also, that Cubbie Station is by no means the only cotton irrigator in the Darling River catchment (just the biggest, which makes it the favoured "whipping boy")
    Simple fact is (as far as this catchment is concerned), it is rainfall over & above all else that determines river flows..


    As for the sale to foreign interests, well, I reckon the next drought will sort that out (just a question of "when" not "if"),
    then, just like everyone else on the river, they'll (once again) have no water....................



    :)

    edited to correct spelling ;)
     
  9. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    What on earth are we doing growing a thirsty crop like cotton when we could be growing hemp anyway?
     
  10. southerncross

    southerncross Well-Known Member Silver Stacker

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    Thanks Dan

    Nice to see some actual reality for a change, funny how all we ever hear about the Murray/Darling system is drought, never when it actually floods and replenishes. The snowfall at the headwaters should also see a continued flow this season as well but you wont read about that in the MSM headlines either.
     
  11. goldpelican

    goldpelican Administrator Staff Member

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    This. Wouldn't hurt if we all had kangaroo or wild goat or camel once a week either.
     
  12. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    DUPONT :mad:
     
  13. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    But you can't eat one of our national symbols (the kangaroo)!!!! That's like asking the Americans to eat their the bald eagle. How unpatriotic!!!!




















    :lol:

    edit: I hope the more "worldly" on this forum recognise a facetious comment when they see one. :)
     
  14. goldpelican

    goldpelican Administrator Staff Member

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    Tell that to the meat aisle at the local Woolies. Easy to overcook though which turns a few people off when they're trying to chew anything cooked more than medium rare.
     
  15. hiho

    hiho Active Member Silver Stacker

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    @dan unda, thanks for the data there Dan and its ok thanks I wont take it personally, but when its huge water storage dams stretch for more than 28 km along the Culgoa River, part of the Murray-Darling system and in an average year the Station uses 200,000 megaliters of water, in a good year as much as 500,000 megalitres. then you have to ask could it be put to better use growing food or providing Lake Alexandria the much needed water the local wildlife depends on. Dont get me wrong mate ;) I am nooooo greenie, I am in agreeance with BigAD, why grow a crop like cotton in australia when as in tasmania its been shown hemp is a much less thirsty and supperior fabric to its thirsty cousin cotton.
     
  16. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    100% agree with GP - kangaroo should be our staple meat. They breed like... well kangaroos. Always pregnant with 3 joeys on the go.
    Less environmental impact than the hard-hooved non-natives.
    Low fat so an excellent food source.
    But as GP said, only requires a quick cook. We only eat kangaroo and the occasional lamb in our house.

    The discussion over why cotton in Australia is valid. I also thought this would extend to rice as well but had a conversation with a farmer on a plane recently who told me that the flooded paddies are only used for weed control. You can grow rice without the need for flooding. I assuem it woud involve greater use of herbicides though which would make monsanto happy.
     
  17. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    It was interesting to see that the water storages are in excess of 100% full. Must be a heaps of water flowing over the guages then.

    I'm not aware of the tender process for Cubby Station. I assume it was for sale for a while and thus open to Australian offers before going to the international community.
     
  18. willrocks

    willrocks Well-Known Member Silver Stacker

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    Maybe we can buy it back when these guys have had their turn, and go broke.
     
  19. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Well if it goes broke again maybe we should nationalise it.
     
  20. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    Why did they have to sell it, why couldn't they lease them the land?
     

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