CSS clean seas seafood limited

death of css and cover up, page-6

  1. 113 Posts.
    yeah the 2nd time a read it, it sounded like only a small batch went to sardi for fingerling rearing trials while they did the rest at arno bar.

    I thought only some of them died..... but

    Then i read another post here, from Dan68? and sounds like they all died very suddenly due to contamination maybe. This was after he spoke to CEO, so still 2nd hand info.

    all in all guys they still called the trial successfull and met objectives. Thats what i was trying to highlight aswell.

    So even if all the fish died i still consider it progress, i am more worried about the financial side, they cannot make another half yearly loss.

    I cannot see them getting money from a SPP after that massive dump, and getting finance in this climate is going to be really tough but unlikely as they want to be debt free. Making profit is the only way.

    The one thing we have is a CEO that turned STO around and is making big changes to the business already to turn CSS around.

    I do believe he will make things more profitable and save CSS bacon/tuna

    The Announcement highlights changes in proceedures, that will reduce cost to the business and also changes to fish counting to reduce surprise mortality rates. More transperancy is what i like to hear.
 
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