I too have been a long term shareholder and have attended a...

I too have been a long term shareholder and have attended a number of AGM/EGMs in recent times and have come to have a high opinion of management.  I have found them (directors and senior managers) very willing to discuss in detail all aspects of the prawn farming business, the R&D they are undertaking, the planning and infrastructure required for PSD, risk management etc etc

Since the most recent AGM and published project update (end of Nov) I am not surprised there is little to report.  Pretty much everything is in place ready to go pending the financing being locked in and we are unlikely to get progress reports on that until it is a done deal.

picking up on your points about the extensive infrastructure and the planning therof it is perhaps unreasonable to expect the project updates to go into the detail of each element but if you get chance to talk to management their thoroughness and detail they are across is clear to see.  As an example the design of the main sea water intake has evolved as the project has taken shape taking into account numerous factors such as efficiency, bio security, cost etc.
They are happy to go into that level of detail - you just have to ask and you will find their enthusiasm for the project infectious.

Of course everyone on HC is an expert on what management should be doing  - based on my observations and conversations with them I am very happy to let them keep on keeping on....