NZS 0.00% 0.2¢ new zealand coastal seafoods limited

Sleeping Giant no more, NZS is an emerging growth story... What’s Next?, page-693

  1. 839 Posts.
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    It only feels like jogging on the spot because we're in early development with a new company laying down foundations. It's like planting seeds and expecting to harvest straight away, it doesn't work like that. We've got new site, new customers, new machinery, new processes, new procedures in place (with covid 19) etc etc. Covid has applied the brakes on everything. Covids definitely thinned out the heard especially with this industry. There's no other company in NZ that has gone to this level to be a secondary producer of marine bio in this field. The good thing about this company is that we pretty much started at the beginning of covid, no wastage of resources like the companies before covid, no extra fat, unnecessary positions etc etc. Everyone that they're hiring is internally scrutinised as well as externally from shareholders. We're not like companies before covid that are cutting jobs, We're the ones that are hiring!
    We'll slowly start ramping things up bit by bit during this covid thing and once this covid gets under control we'll be the first cab off the rank.

    New machinery comes with 12 months or 24 months warranty. Also with critical parts that breakdown and need changing they'll have parts on hand under warranty agreements on all machinery. Preventative maintenance will be done on all machinery, as well as cleaning procedures everyday etc. World stock piles on these products are going down as we speak, they're going to have to source the quality product from somewhere that has the covid procedures in place.
 
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