Hello to everybody here .
I was looking at Tassal on the weekend - thank you to those who have posted comments here.
That was a fairly solid filet of pre Christmas Director buying by Ms Georgina Lynch -( 25,000 shares at $4.37 is just under $110,000.)...
To have made the purchase barely a month after she joined Tassal,
Tassal appoints non-executive directors 27/11/2018 seems a fairly solid vote of confidence .
View attachment 1422605
‘Significant global experience in corporate transactions, capital raisings, Initial Public Offerings, funds creation and management, corporate strategy and acquisitions and divestments’ represents a solid set of skills .
Anyway
@Saragian I also tried to plot a chart (!!) but as plots go I felt it was a bit lame and if you have time I would appreciate your angle on this salmon company .
Meantime, whatever might be stirring beneath the surface, Undercurrent News reports Tassal is strongly into giant kelp and collecting more research funds to support it’s studies.
https://www.undercurrentnews.com/2019/01/02/tassal-wins-funding-for-giant-kelp-research-project/
“Tassal wins funding for giant kelp research project
By
Undercurrent News Jan. 2, 2019 09:37 GMT
A Tassal Group farm in Tasmania
Australian salmon farmer Tassal Group has welcomed the news that the federal government will put up AUD 2.3 million ($1.6m) in funding to support a giant kelp research program.
The project -- run in conjunction with partners including Spring Bay Seafoods, the Institute for Marine and Antarctic Studies, and Deakin University -- began in 2017, with giant kelp farmed alongside Tassal cages in Okehampton Bay.
In September 2018 Tassal conducted its first successful harvest of kelp. The government funding brings the total investment in the project to AUD 5.5m.
Tassal head of environment, Sean Riley, said the program would include the development of a sustainable integrated multi-trophic aquaculture (IMTA) model, supporting commercial seaweed production.
“This will include research to define the seaweed culture proposition, growing techniques and products, as well as develop a regionally relevant IMTA partnership model which brings together salmon, shellfish and seaweed producers to ensure economic, environmental and social benefits.”
IMTA utilizes by-products, including salmon nutrients, from one aquaculture species to another as inputs such as feed or fertiliser, Riley said.”
Cheers
