Ann: Investor Presentation, page-38

I somewhat agree with you about regarding the weather conditions. I think that was questionable, although the wording in the first announcement does state that:
"the west coast had experienced an unseasonably hot and dry summer this season"

In hindsight, it feels like they were protecting themselves from any Macquarie harbor issues rather than talking about growing conditions.


As for fish valuation and size - can't say I agree. There's an absolute value given (25% more than the previous year) as well as a dollar value given, which considers:
- Expected weight
- Expected price of fish
- Expected cost to grow them

I think we'll have to agree to disagree on this one.