This shows some good detail.
am I correct in assuming the 8m oysters they have on hand equates to approximately $5.3m in sales?
(8,000,000/12)=666,666 dozen X $8.04 = $5.3m? Gross Margin of 50% so gross profit approx $2.7m
(See Figure 2)
Also the report shows that they are targeting acquisition of 28-30m spat for CY18. does this equate to the number of oysters or is there an assumed % loss?
if 100% become oysters that's $18.8-$20.1m (Gross profit of $9.4m- $10.05m)
Anyone else getting excited by these numbers.
Initiation report, page-2
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