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The forum has, quite understandably, become very quiet.
I have only revisited it myself as a result of a very intersting article on tonights ABC TV news. Basically, and I might not quite have the specifics completely accurate, but Japanese scientists are pioneering the impregnating of Mackeral with BFT stem cells/DNA. This alows the mackeral to become surrogate broodstock for BFT eggs. So basically the Mackeral concieves, incubates and lays the BFT egg as a broodstock BFT would. The resultant larvae grows as it would as if layed by the broodstock BFT.
The scientists are expecting Mackeral bred BFT within 2 years , according to the report.
This has enormous ramifications for CSS and others who are labouring , at immense expense, to support BFT broodstock in large tanks and with the resultant high feed costs and husbandry expenses.
If this new technology proves successful, CSS and others are finished.
Think about it, you can achieve the same spawning success from a humble and readily available mackeral of 2-3kg as you can from a 100-200kg broodstock tuna.
Did anybody else see this report?
Page 50 Thurs Advertiser. Nice article to boost investors confidence. I over read Kingfish sales in quarterly report as too busy pre-occupied with Tuna. It suggests Kingfish sales are going very well indeed.
80 tonnes of fish die (80 tonnes of fish!) on a Thursday, and they get around to letting the market know the following Tuesday! I suppose it probably took them four or five days to prepare that document, which was the length of two or three average SMS texts (nizora has the entire thing quoted).
You'd think with 80 tonnes of fish on the line you'd want to carefully manage your potential for 'human error' (I'd like to know what the error was). What will CSS surprise us with next?
Market Update – Kingfish Bathing Mortalities
The Company advises that up to 80 tonnes of Kingfish from four cages died due to human error following a bathing round which was carried out on Thursday 2 September 2010. Fish are bathed in the normal course of marine operations. An investigation and a review of bathing policies and procedures is in progress.
After monitoring over the weekend and Monday there have been no further abnormal mortalities from these cages.
The Company considers this event to be a one off loss which will have a financial impact of
up to $0.7 million pre tax on the current half year’s results to 31 December 2010.
Whilst these abnormally high mortalities will impact future cash flow, the Company remains of the view that it has adequate cash reserves to meet all anticipated financial commitments for FY2011.
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