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10/11/20
12:19
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Originally posted by tone124:
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Thanks for your input. I am invested as you are in TGR. I'm determined to get to the bottom of this. I have watched the short position grow recently this is the second time to my memory the shorts have had a go at this stock. Previously the shorts failed and gave up and the short position substantially reduced. Now it looks like they are having another go. I heard a rumour that Tassal could not sell the prawns harvested for human consumption. I don't know how much of the 2,500 tonnes they said they harvested were not sold, just that they could not sell the prawns. Whether there was a problem with the prawns or the price was to high I don't know. The only information was that they could not sell the prawns and they were sent to Vietnam. I will go over what was said at the investor day where questions were asked about the cashflows.
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Maybe this could be true however if it is then 1. Could be a one off situation and will be rectified over time 2. If it was a systemic issue then why buy more farms to grow yet more prawns? Will be interesting to see how this plays out.