AS1 asara resources limited
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The risk of POMS is now huge, before the IPO it hadn't been...

  1. rollacoaster
    5,719 Posts.
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    13/10/18
    08:55
    Post #: 36111253
    The risk of POMS is now huge, before the IPO it hadn't been detected in SA, now it has.
    POMS has decimated some Tas oyster farmers and still remains a threat there.

    AS1 trades at a premium to net assets, which is amplified by the fact on any given day the staff could turn up to find most of the stock (the biggest asset) dead or dying.
    This could happen any day or any year.

    Suggest you watch the Landline episode on POMS, showed a Tasmanian farmer (a grown man) crying as he pulled in cages full of dead oysters.
    AS1 Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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