The market update has me more confident than the qtrly cashflow, The CEO is making steady progress on building a sustainable business & with the uptick in farmgate prices we are not far way from being cashflow positive over the full year cycle. I expect the 2018 calendar year to be the first 12mths of positive cashflow.
I don't much kingfish husbandry but if anyone can enlighten me as I have always wondered are we in the optimal location for breeding kingfish given the impacts that the cold waters have on fish growth. Are we doomed for mediocrity due to the location we have setup in & would have been better off on the coast of NSW or WA? Was the current position chosen as it ideal for Tuna & since that failed & Kingfish became the bread & butter business they can only deal with what they have as no capital to go elsewhere.
CSS Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
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