What kind of ball park capital are we talking about will be needed to build the operation?
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What kind of ball park capital are we talking about will be needed to build the operation?
I hope this works well for them but i have concerns about the ability for any structure anchored to the sea bed to withstand the extreme weather conditions known for this area of Cape Lambert. There is a lot riding on a huge investment in design and infrastructure which would be expected to have been though a rigorous test phase. A stormy sea is unforgiving.
It's risky but remember that our SPP price has already been doubled at today's price. This is the no guts no glory moment to add more if you're a holder I think.
https://www.nzx.com/announcements/428632
New Zealand King Salmon Investments Ltd (NZX & ASX: NZK) reports its financial performance for the 12 month period ended 31 January 2024 (FY24). Key points include:
• FY24 net profit for the year of $28.5 million, compared to a net profit for the year of $1.9 million in FY23.
• FY24 pro-forma EBITDA was a profit of $24.5 million, compared to an EBITDA loss of $2.7 million in FY23.
• Mortality expense reduced from $25.9m in FY23 to $12.6m in FY24.
• Revenues increased from $167 million in FY23 to $187 million in FY24 (an increase of 12%).