The volume issue with Taurine was that when they solved the mortality problem with the fry they had too many fish survive to product weight.
They have since grown the market & are still actively doing so through new customers (via top chefs) & new products with quick freeze technology etc.
I believe they're learnt the lesson re supply vs demand & are carefully increasing their volume, after all they have leases to triple production but aren't immediately. In my view they could have raised a lot more funding to expand faster if the immediate demand was there.
I'm happy with their strategy & believe that even if they lose a few $ off the sale price they will at least hold the farm gate margin through economies of scale.
Looking forward to the update this week & believe we're in for a re-rating on the profit & outlook for 2019 to 6c+
CSS Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
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