Agree with you Stash, they need to get the current prawn...

Agree with you Stash, they need to get the current prawn production at the level indicated in cash flow projections, and build some credibility with the market.
Fortunately the former high cost CEO is now behind them and won't impact on the cost line any further - and I hope they learn from that and don't raise the salaries of current board or management, seems their salary levels are at the higher end for the size of the company at its present scale of operations, but can cope provided the prawn production is at forecast levels into the future.

AmusedObserver, I don't believe that COZ will stop at 11 cents if it gets to that level - for a start Trahar et al has more than his cash on the line, he has his reputation at stake and I can't see him leaving the company before the price has gone considerably higher than that. I can only see him leaving once the company is subject to an attractive takeover offer! Clearly that can't happen before the company has turned the prawn business into profits. I wouldn't be surprised if there is another acquisition, of a smaller operation, to continue the growth strategy - at the moment the operation needs scale to improve economics with its current salaries and wages. This has the added benefits of increasing prawn market credibility that is necessary to some how bring in a partner for Project SeaDragon.