Its good to hear alternative views, but i dont not consider all that to be facts.
You say they over-raised for prawns by $80m, they raised $109m and have spent $174.55m so far.
- Fortune Group = $34m
- Exmoor + Billy Creek = $35m (some will come back with sale of exmoor land + purchase of mid farm)
- Growth CAPEX FY19 = $25.2m
- Growth CAPEX FY20 = $52m
- Growth CAPEX FY21h1 = $28.4m
That growth capex is actually 'investing for the future' they have to do capital works...
And there is a slowdown of capex on prawns now.
I dont see a strong basis for comparing Tassal's depreciation to Huon as they have recently written down assets, i do think Tassals goodwill could be written down though.
Im not sure your seeing through the numbers to the operation.
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