Ann: SFG Primstar Offtake Agreement, page-7

I have spoken to management about this in the past and the effort required on a day to day basis to do it properly is simply not worth it particularly since the Qld farm is where they are trialing things that they may roll out at PSD and therefore may not be driving the assets as hard as they could be.
Bear in mind too that PSD is on a different scale to the Qld farms (more than 20 times larger) so the cost structures and efficiencies will be vastly different.

I doubt any lender would be looking at PSD based upon the profitability (or otherwise) of the Qld operations.

SFG have proved that they can breed prawns, grow prawns for sale, market them and undertake lots of great R&D - I suspect the only real risk the lenders are wary of is the execution risk of actually building PSD in remote NT and commissioning it... Something I think will be overcome.