I bought 100000 for the sock drawer using SMSF so I can afford to wait ten years for a 10 dollar company or lose the cash., Having studied marine biology when I finished high school, I am very interested in CSS. So 1600 bucks for a gamble seems like it might be worth it in 10 years. Anyway if it turns to crap, it's only a capital loss of 1600. Gees if the market takes a hit, you can lose 1600 on CBA in a day, but CBA won't ever grow by 500000 in our lifetime. Not that CSS will, but there is a chance, albeit slimi.
I would have a guess and say they have finally got it nailed. Once you work out the science and do the hard yards these things tend to eventually go ok. Fish ain't going to get cheaper, even these days it's like eating gold unless you buy mullet.
Imagine if they pull it off, and you end up with a 10 buck company on a 1.5 cent share. I am all for farming fish. It can be done and is being done.
No risk no reward. Fish such ax Yellow tail kingies would be pretty hardy once you get the food right which they have. And hey forget 2015. If they are still growing well in 6 months the stock will be 20cents and maybe 1.00 in a year as speculation of success becomes widespread.
Good luck fishoes
CSS Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)