NZK (New Zealand King Salmon)

[Recaster]

Couldn't find the thread on this company which is dual listed. Used search.

Just a quick update I've posted on the latest interim results:

[Hectorplains]

Lox of love being shown by Ms Mcleod.  The positives have been slowly building for NZK...there's still the big question though of where the funding for Blue Endeavour is coming from.   

[Left Field]

Positive news...... not without considerable risk.... and possibly more capital?

https://www.nzx.com/announcements/427159

Nine years ago, we started the resource consent and consultation process for its Blue Endeavour open ocean salmon farm.

Today, we are celebrating achieving final Government approval to proceed with an aquaculture project that will be a New Zealand-first – and a world-first in farming the King Salmon species in the open ocean.

Carl Carrington, NZKS Chief Executive Officer describes the process to gain resource consent, Fisheries New Zealand approval and to find common ground with iwi, eNGOs, and the community as being 'very robust.'

Carl describes the next steps, having achieved this milestone, as 'needing to walk before we can run.'

"From here, we will complete our 18-month programme of rigorous benthic (seabed), seabird and marine mammal monitoring. This will provide a baseline of information, against which we can measure the impacts of a working salmon farm.

"The next step will be a 'proof-of-concept' phase, putting in the trial pens from June 2025. This is when it starts to get exciting from a farming point of view – building a smaller-scale pilot farm so that we can trial new infrastructure while monitoring the welfare of our salmon, to ensure they can thrive," Carl says.

"Aquaculture is a business that rewards patience and caution.

"We will dip our toes into the open ocean, to carefully realise Blue Endeavour's potential, while continuing to talk to local communities, iwi and others who also have key interests, rights and values around the ocean," Carl says.

Blue Endeavour, when fully operational, could generate NZD $300million in new revenue per annum. Regional economies will benefit from growth in supporting infrastructure and services required, such as boat servicing, and skilled jobs in farming, engineering, processing and more

[Auto Rower]

https://www.nzx.com/announcements/463464
They seem to be heading in the right direction after being fast-tracked

[Auto Rower]

https://www.nzx.com/announcements/473287
All going very well ,Blue Endeavour on target ,the good profits are just  bonuses en route to 2027 when significant harvest increases will see more significant earnings growth .