CSS clean seas seafood limited

Ann: Business Update, page-5

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    I got a very quick response to my follow up inquiry. Details hereunder -

    "Sorryfor the slow response - as you can see we’ve been pretty focused on the Hofsethdeal.

    Noreal update on Fitzgerald Bay - since Covid-19 has taken over our lives we’veheard nothing more from either Whyalla Council or the State Governmnt. A fewdays before the “lockdown” I addressed an open council meeting in Whyalla andwas joined by key staff from the SA Govt

    Mysense was we would have got over the line with help from the SA Govt buteverything is currently on hold.

    Inthe meantime we have secured extra lease capacity near Port Lincoln to get usthrough the next period and we will re-assess longer term plans once the worldstarts to return to normal.

    Thedelay in returning to Fitzgerald Bay is not impacting growth or profitabilityat the moment so it’s not our top priority - which unsurprisingly is currentlyall about cash (both generation and preservation )"

 
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