Ann: SFG AAM Legune Completion and App 3B, page-44

Wrt Tassal and their salmon farming operations, be aware that TGR acquired tiger prawn operations in Qld earlier this year:

"Our $31.9 million acquisition of the Fortune Group, includes three prawn farms, supported by a circa $34 million development program, operational improvements are expected to increase supply growth from 450 tonnes pa to ~3000 tonnes pa within 3 5 years."

TGR has a very high regard for prawn aquaculture, and probably has been in discussion with SFG, but I'd imagine that TGR isn't big enough to develop PSD - thus my expectations are that a bigger group will take up equity in SFG and possibly direct equity in PSD (this is aside from Nissui arrangements).

Of course such a big deal will reduce value per share to existing holders, thus why SFG probably will never get to $20/share - but as AngrPrawn has previously indicated, it could get to $3-4/share!!!