CSS clean seas seafood limited

this-mornings announcement

  1. 489 Posts.
    What are the sentiments on this-mornings announcement?

    Better then expected, worse then expected, expected?

    run down - succesful, 85 juveniles, 15cm in length, 2% mortality rate, additional spawnings which aren't sufficient for production commercially, no further transfers to sea this year.

    "PROGRESS REPORT ? SOUTHERN BLUEFIN TUNA AQUACULTURE BREEDING PROGRAM
    Clean Seas Tuna Limited (ASX: ?CSS?) is pleased to report further significant progress with the Company?s world-leading research program to produce aquaculture-bred Southern Bluefin Tuna from its Arno Bay facility on South Australia?s Eyre Peninsula."....

    "The Company is very pleased with the progress of the more than 85 juveniles remaining in the Arno Bay sea cages. They continue to feed extremely well and have already grown to some 15 cm in length. The Company is encouraged by survival rates to date.
    The mortality rate during both transfer programs was 2%, which was well below high mortality rates encountered during similar nursery-to-sea transfers during early-stage aquaculture breeding attempts in northern countries."....

    "While separate additional spawnings have occurred since the second spawning began in mid-March, the numbers of eggs have not been sufficient to produce commercially. These spawnings enabled the Company?s production and research and development teams to continue their research work on the larvae and it has been decided that no further transfers to sea will take place this year."


    http://asx.com.au/asxpdf/20110406/pdf/41xwg892jb00wz.pdf
 
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