Annual Report, page-4

What I have found with COZ is that they are completely committed to their business activities. Whilst the carbon business was a dismal failure they went into that business with complete commitment and developed ground-breaking intellectual property using all the smarts possible. Unfortunately they, like many sensible Australians, failed to recognise that Abbot was a pure politician prepared to throw anyone under the train to achieve his own political agenda.

With the prawn business it seems to me that they have commenced with the same 100% commitment to fully understand and develop the business, utilising management having an excellent mix of technical and practical backgrounds, and as part of that process it has developed significant and strategic relationships with both James Cook Uni and CSIRO. That should enhance the longer term production profile as both Seafarers and Coral Seafarers operations are developed into one larger combined business.

And in going forward for the ultimate bigger prize, all the experience gained from increasing production at Seafarers operations will ensure that Project Sea Dragon is developed with the best chance of optimum planning and production.

But this all takes time, and thus the report due out this coming week, based on only 9 months production of the Seafarers operation, is unlikely to fully reflect the longer term success that COZ is working towards.

As a side note, I understand that the Queensland prawn farms have not always been developed with complete efficiency and world's best practise in mind, and since COZ is now developing its business in a far more long-sighted and professional manner, the company may improve its chances of gaining more opportunities in that state if it seeks to increase its Queensland activities. But this is pure speculation on my part.