fish e-news aquaculture newsletter

here's a snippet from the fortnightly Fish E-News Aquaculture Newsletter:

AUSTRALIS AQUACULTURE DELIVERING BIG FEEDS
The barramundi farmer Australis Aquaculture states that production delays
at its US plant are partly caused by US customers demanding larger fish.
American restaurateurs are ordering 650gm fish rather than the 350-400gm
size enjoyed by Australian diners. This adds 65 days to the growout time,
and the plant is 90 days behind schedule. Other causes for the delay
include refurbishments to the farm and problems with fingerling counting.
Australis flies Australian barramundi fingerlings supplied by three sources
to the US for growout. The company sold $324,000 worth of fish for the June
quarter and plans a $200,000 marketing campaign for September. There are
predictions of the sale of 412 tonnes of Australis barramundi in the US
next year, with 700 tonnes in 2007 - there are concept plans ready for a
2000 tonne capacity plant. The company's shares closed unchanged at 58
cents on 29 July, with managing director Stewart Graham noting that while
the break-even on cash expected by Christmas was delayed slightly, the
company expected to be profitable by the end of the financial year. The
company's shares have lifted 190 per cent since listing in July 2004.
Source: Jamie Freed in the Age (29/7/2005); The Australian (29/7/2005);
Cathy Bolt in the West Australian (29/7/20050); Tim Boreham in the
Australian (3/8/2005).


Forecast profit by end of the financial year! Great News!