Murray Cod is a stock I have always liked as I suspect businesses like this will be the future of seafood aquaculture and with demand from countries like China and India the industry is only going to get bigger.
MCA have been performing well and are about to supersize their operations with new facilities coming online in 2019.
Murray Cod Australia Limited, formerly Timpetra Resources Limited, is engaged in hatchery business, nursery business, fish farming and cage systems. The Company operates through the hatching, growing and selling of Australian native freshwater fish segment. Its hatchery business is engaged in Silverwater Native Fish breeds fry, including native species of Murray Cod, Silver Perch and Golden Perch, which are then grown into fingerlings in fry ponds and weaned inside the hatchery facilities. The nursery system includes a range of small and large tanks to allow for grading of fish by size. Fish farming includes over two ponds on the Ryan Farm, which are fitted with cage systems that are stocked with fish, with a capacity of approximately 20,000 fish for each pond, which enables an annual production capacity of Murray Cod of over 36,000 kilograms. The cage system allows monitoring of the fish stock for mortality and any signs of disease.
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I still hold and it’s still testing that 21 mark. Bolly squeeze is on. Which way will it pop.
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Got exited out at the start of last week on a stop. Frustrating stock this one - its always more of an emotive trade as I like the concept and think its the future. Will wait until it breaks and establishes support over 21 before looking again. Alert set.