I think you'll find the equipment used to freeze the fish to...

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Tarvold

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31/07/18

19:47

Post #: 34655792
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Originally posted by hanabi ↑

Production of Sensory Fresh products was temporarily suspended in late May 2018 following a flood caused by the failure of a component of the fire safety system.

Great, the suspension was only temporary, and the suspension is now over (they used the word "was", past tense).

The flood had no impact on fresh fish processing or the Sensory Fresh Liquid Nitrogen Rapid Freezing equipment, however, the water inundation damaged the new minus 40 degree storage freezer and has caused damage to the subfloor. All product was successfully moved to minus 40 degree containers during June and July 2018, and has been shipped to Europe in preparation for the market launch in late Q1 FY19. The minus 40 degree freezer is expected to be recommissioned in coming weeks as an interim measure, and repairs or replacement of the storage freezer and the freezer floor will be undertaken in the future at a time that will minimise disruption of Sensory Fresh production. All costs of the repair are expected to be covered by insurance (including additional costs of working).

So hang on a minute, doesn't that mean they currently still can't produce Sensory Fresh product, because there is no place to store the product (which needs around -40C storage to be called Sensory Fresh)? So production is still suspended? Am I interpreting this incorrectly? Or are they going to use more -40 containers in the interim?

Seems to be a good report, but news of competitors selling at $4 less per kg is a worry.

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I think you'll find the equipment used to freeze the fish to -40c is different from the freezer used to store the fish which is what was damaged.
They can still freeze the fish but need to hire -40c containers to store the fish once frozen.

CSS Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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I think you'll find the equipment used to freeze the fish to...

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