David Haselhurst (The Speculator) in today's Bulletin magazine buys into Australis Aquaculture (AAQ).
Reasons:
UN stats showing that world natural habitat fish stocks are plummeting terminally, that aquaculture now makes up 40% of world fish consumption (and rising fast), & that 2 in 5 people on the planet eat fish as their primary protein source.
AAQ is establishing a strong & growing position in the US market (1000 tonnes p.a. by October).
AAQ is about to release its first quarterly profit, on the back of strong sales growth.
AAQ has drifted down into the .50s in recent times and represents good buying.
An imminent capital-raising will fund a huge new project in Vietnam, intended to supply 8000 tonnes a year for Europe & US markets.
AAQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
