Ann: Appendix 4C and Quarterly Activities Report, page-2

Ergh, I really want to like this company. But, every time I see these sorts of reports I just want to pull my hair out.

Great to see that they are selling the tuna. Great to see that they are able to reduce their inventories back to manageable levels. However, despite that they still are making operating losses - e.g. the more fish they sell, they more they lose. And while their sales have gone above 3,000t this was based on bringing down their inventory - production continues to lag.