Will be years before production ex Blue Endevour comes into processing. Most are factory jobs so likely affected by current mortality levels and drop in volumes.
Interesting timing with a Blue Endeavour decision imminent
Let's not forget that even granting the Blue Endevour permit would not mean a permit to print money for the company, but at best a permit to pour lots of new shareholders money into a never before done high risk project, which may or may not succeed.
If you like it is comparable to granting a mining permit to a new miner for an area where nobody knows the environmental risks nor the ore grades.
But even if blue endeavor gets its permit and succeeds - at best it would bring NZK back on a somewhat level playing field with other companies who choose their farming places a bit more diligently in the first place.
In my view - high risk with at best medium reward.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Sad seeing they have spent $20mil over the past 10 years trying to get consents.
Time and costs of consents is damaging too many companies..
NZ is one of the worst GHG emitters in the work on a per capita basis due to our dependency on the dairy industry
Much talk from Wellington about need to transition to a green economy but doesn't translate to actions - NZK story proves this.
"The country's largest salmon producer says it is being forced to close farms and let go of staff due to warmer water temperatures brought on by climate change."
The outcome of New Zealand King Salmon's application to build an open ocean farm in the Cook Strait - called Blue Endeavour - is expected in September.
BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!
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Originally Posted by Entrep
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