The capital raising was a shocker in all truth. Any company that allows new shareholders access to an SPP gets me frustrated (especially when it is at a 50% discount!!!).
Anyway, I still believe in the potential and will hold until record date for SPP and reassess then.
However, adds4 - the new Chairman was introduced after the cap raising. Secondly, Hagen hasn't left the business. Thirdly, Kingfish is not going to make big money - if anyone is in it for the kingfish then they do not understand the company (and will be waiting a while to make any decent profits).
The tuna has so far overcome many obstacles and moving to sea cages in next few months will define the company. The chances are better than remote - however, they are certainly not there yet.
CSS Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
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