it was not just focusing on the two mentioned situations which you bring up. they were bringing up the case about how 85000 salmon fish died in an event after a whether event where the water was not flushing out of Macquarie Harbour. the water was warmer than usual and with the poor quality water not being released through the outflow the fish were suffocating (deprived of oxygen), not eating etc.
i wonder who owned the fish in that event if it was TGR or HUO or the third player...?
if each fish was upto 3kg each x 85000 = 255000kg (255 tonnes of farmed salmon fish died). that is still a drop in the ocean when they are producing 20000+ tonnes a year lol
sustainability..? Tassal and Huon don't care about it (profit is king).
I'm trying to understand what you mean by that comment: I'm still thinking about the 85M write downs in 2018
If you are implying about the Investment Highlights in the Investor Presentation October 2016, then they are not only write downs (it includes the write down of the YTK stocks in the past FY). It also includes the losses of the YTK due to the feed supply that was not good quality and had deficencies. The $85M are tax losses which can potentially offset future profits (and they are stating profitability should be returning within 18months - if not sooner suprise!!).
Usually most companies at some time or another from inception have the pleasure of tax losses. I've noticed out of the ones that don't go bust the management usually use them to their advantage when they have soaked up alot of the stock.
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