re: quarterly announcement out
pcl, i disagree, don't forget there was a 3mth delay while the fish were supersized for the americans. And the management recently predicted profitability by the end of the financial year.
I think the key is that the production of the facility is still being ramped up, they increased biomass in the farm by 42% over the last three months if i recall. And expect to continue the same exponential growth until june when they reach full capacity. At which point they'll be nicely profitable and assesing further growth options.
How much of the current operating costs relate to the ramp up and won't be ongoing?
Over the last 6mths they've at $1.1M in sales and only $600k in staff costs, so they're generating significant $ on only a small fraction of plant capacity...
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