Sorry, I mistakenly said if they re-entered tuna growing now, I was meaning to indicate an immediate re-entry to tuna farming/production.
I was meaning a re-entry once the YTK is profitable and cash flow positive, and then using those surplus funds to grow out the tuna but on a much smaller scale than before.
To much growth in YTK production is a risk as we saw recently when their return to 2K tonnes plus production found they had too much fish and struggled to sell it all at premium pricing.
Before the taurine deficiency problems they ran into similar problems with YTK although production levels then were closer to 4K tonnes production.
CSS Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)