Ann: Appendix 4E and 2019 Annual Report, page-14

Positives: Being based in the ocean = no feed, no maintenance for cleaning etc, 'natural', Asia on our doorstep.
Negatives: Ocean-based opens up risk of less control, it requires expensive and trained divers to go harvesting, harvesting affected by bad weather events, security of the abitats from natural and human predators, disease (where potential rectification efforts are more likely to be futile cf. a 'farm), harvesting efficiency. I wonder about key operator risk at the moment, too. Cashflow could see the need to raise additional money.

I have been sitting with a bid at 13c for a little while, at which price I think it is worth a small punt. I do not yet hold, and I am not prepared to chase it up.