NZK - NZ King Salmon

[BlackPeter]

Looking into the chart - it appears it sort of bounced with low volumes at the MA200. Wouldn't read too much into it. Could be a dead cat, some overeager buyer - probably just noise.

To continue the uptrend it would need to pass the recent double top around $2.40. Not sure I see that coming without a change in the fundamentals ...

[winner69]

Suppose this is a pretty positive announcement, esp the bits about next year’s prospects

https://quoteapi.com/resources/da986...9_guidance.pdf

[BlackPeter]

Suppose this is a pretty positive announcement, esp the bits about next year’s prospects

https://quoteapi.com/resources/da986...9_guidance.pdf

Certainly positive sounding ...

A bit a worry though that they still have nothing else to report about their discussions with government (and I suppose with iwi, environmental authorities and similar) than that these discussions are "continued". I guess nice he calls them "positive", but isn't the outcome somewhat overdue?

He notes "we are also continuing our positive discussions with the Government
regarding MPI plans for potential relocation of some of our farms to cooler,
deeper waters. These plans are important because they would help mitigate
the effects of seasonal temperature fluctuations. They would improve
environmental, social and economic outcomes, and allow testing of new
technologies as we plan for the next 30 years of salmon farming in New
Zealand."

I guess a positive outcome would be better than just positive (but endless) discussion - and NZK would be rooted if they can't move and sea temperatures keep rising. Their fish mortality is already now bad enough and their dead fish (disposed in some Marlborough landfill) apparently is stinking to the sky ....

https://www.stuff.co.nz/business/103...sh-in-landfill

[peat]

good find Patient Panda
yes that methodology could up the ante considerable. - a good few years away though.
to me it sounds like a challenge, but not at all impossible - adds to the cost of course but with premium product it could cover it adequately.
note the journalists bias on the subject however, given the travel.