I wonder how this will play out given the flooding and this news article I found..
I liked the idea of the company but unsure how the future harvest will be this year given that oysters take 3-4 years to grow and some leases are reporting up to 90% of their leases are damaged.
https://www.abc.net.au/news/rural/2021-03-26/oyster-farmers-devastated-by-nsw-floods-ahead-of-easter/100031308
Would be good to get clarity on the leases that East 33 hold and the damage associated with them.
IPO - East 33 Limited, page-17
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Mkt cap ! $17.48M | |||
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| E33 (ASX) Chart |