The prawn farms are going to really propel the company ahead in the future. Apparently, they were a real mess when Tassal took them over. Its going to cost a bit to right them and get the big expansion at Proserpine done. However, TGR have good cash flow going so it will happen soon enough.
After five years of floating around the $3.50 to $4.20 mark, it is good to see the market now recognising what a good company Mark Ryan is leading.
TGR Price at posting:
$4.93 Sentiment: Hold Disclosure: Held