Hi Dimy . Well that's a bit of a statement!
'Nissui has also locked in 15 per cent of production from Seafarms’ smaller Queensland prawn farms near Cardwell, a commitment to be a major shareholder in the group for longer than three years and a guarantee that it has first right to acquire the Cardwell farms if Seafarms fails to develop Project Sea Dragon on time.'
As I interpret the above:
Nissui ain't convinced PSD is infallible; so for a peanuts (to them) $25 million, they keep 15% of a real entity (Cardwell), and their reach. and resource will allow them a return on the investment. They've well and truly hedged the bet.
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Hi Dimy :). Well that's a bit of a statement! 'Nissui has also...
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