It all comes down to the science and commercialisation of it.
They haven't exactly set the world on fire with the Kingfish - still struggling after about 10 years - of what is a similar 'closing the loop' initiative as the Bluey's. Latest announcement re Kingy's is a failure of basic farming practice. I mean, as it turns out they didn't know how many fish per pen they had - i.e. they had less - how can you effectively feed them under that circumstance. Yet to be announced is the higher than expected FCR as a result of this - i.e. a retraction of their recent improved FCR mantra and they still haven't a handle on optimal feed rates.
Some of you are talking about bluefin commercialisation being a fate accompli and the quota reduction affecting this coys SP positively etc etc.
If it takes >10 years to get on top of Kingfish it will take longer to get on top of Bluefin - once they can produce commercial quantities of undeformed juvenile stock. How are they going?
Its a long term R&D project funded by you for and on behalf of the Stehr's. No amount of hot shot corporate recruitment can change the science. The deeply discounted Cap raising is telling indeed.
CSS Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
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