Tassal Group Strategic Thoughts, page-529

It may have Salmon in its name, but its a completely different fish (Atlantic vs King), market (mainstream vs premium restaurant exports), and business (profits vs losses). Cant compare. Until NZK resolves their mortality issues and unit economics, expected at best not until 2027, its a train wreck.

Meanwhile, it's a 100NOK party tonight. Thats all time highs. Shame we didnt have more fish in the freezers, but nodes well for spot price, wholesale price, exports and futures. Bakka is up aroubd 20% on the past few weeeks.. not expecting a lot for Tassal, but good signs.