Overall a good report. Cash burning comment is bit unfair as they have some draw down on debt but part of it is cash. As mentioned in the report this was due to cyclical feed cost purchasing and next quarter cost will be lower.
Good transition from production focus to sale and production focus. They had two bad quarter and missed yearly guidance twice but good to see bit of catchup happening and hopefully they can surprise the market by getting close to two tonnes sales this year.
Freezing scare comment by some pissed off hotcopper users last month was also wrong. This report highlighted it is a decision to freeze live fish that are two year old or so. I interpret they can freeze produced fish if they can't sell from their production batches.
It is also important to support south australian industry and good to see state Govt is proud of doing that. On that commentry didn't mention anything on 2m savings story mentioned in media.
In short back to back good quarters good see CSS becoming King of fish stock.
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