Ann: Appendix 4C - quarterly, page-5

good to reread the investor presentation in April 2019 (an updated one coming).
few key takeouts :
- capital investment still running at few mill per year as they are expanding operations
- new more efficient 4000tonne hatchery opening early FY2020
- automated feed will bring significant savings in feed cost from FY2021 onwards
- investment in biomass is at record highs and growing year on year with sales
- anticipated to be operationally profitable including investment in biomass from FY2021 (currently profitable but investment in fish showing pressure on cashflow
- mgt recently reiterated financing facilities in place to keep funding growth.
- NTA over $70m