First quarter updates:
Operationally, things look good at least for now: the fish are staying alive at an excellent rate, growing at an apparently good pace, and the feed conversion ratio (FCR) is looking strong.
The fixed project price for pools K5 and K7 was also a positive signal.
I don’t own any shares yet, but it’s starting to reach the point of serious consideration soon: in my books, there is still a lot of risk relative to the price. In my opinion, the market is pricing in the success of the first phase and then some, while pricing the later potential very conservatively. 