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CSS clean seas seafood limited

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Tooheys8

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13/11/17

09:19

Post #: 28725158
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Originally posted by DalyWaters ↑

I am not so optomistic.
When they overcame the taurine deficiency in the feed and git the fish stocks up, the couldn't sell the things.
A heap of fish had to be sold off cheaply in Vietnam to be frozen just to get rud of them.
Increasing the biomass is not the key to profits. Selling fish at a premium price is.
So long as CSS can manage this, all will be well.
A gradual increase of biomass, funded by fish sales would keep the premium price relatively intact. A capital raising to dramatically increase stocks is risky if there is a chance of stock exceeding what the market can sustain at the price.
Fingers crossed that they succeed. The track record is a worry though.

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does anyone think there will be a shortfall in the rights issue ?

CSS Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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