This Murray Cod company is substantially overpriced for the type fish it is farming when there is better tasting fish available in the market place. Their fish will be hard to sell to fish eaters and I would be doing more research about their claimed increased projections to increasing sales. $100 million market cap is about 10 times overpriced maybe even more but DYOR before hanging on unless you think.other mugs are going to believe the marketing spin and pay more.
Some immigrant people will buy Murray Cod but always complain of the muddy taste but it will lose weight & sales price revenue to get rid of that taste.. in lost time and weight of about 10% equals to about $2 per kilo on wholesale price.
There is just so much better tasting fish to buy in market and you will never see a top shelf restaurant offering Murray Cod to good customers. But keen to learn from shareholders who might have better knowledge than me as to why MCA still has good prospects at $100 million Market Cap.
MCA Price at posting:
18.5¢ Sentiment: Sell Disclosure: Not Held
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