If it does what they say it will do Tassal will definitely buy it from Ridley. That's not just me saying it either, it's a direct quote from management (I asked). Ridley are building a fish feed plant in Tas at the minute and have supplied fish feed to TGR before, only problem is the Hatfield and McCoy relationship between HUO and TGR. I think with feed ingredients such a key driver of fish performance I'm not sure either is keen to share supplier (and recipe). Maybe that relationship is thawing.
TGR Price at posting:
$3.63 Sentiment: Buy Disclosure: Held