A Murray Cod company has had to assure investors it doesn’t source its fish from the deadly Darling River
Health & Biotech
Health & Biotech
Murray Cod Australia has clearly been fielding calls from investors who don’t bother to research the company.
It’s just put out a release to the ASX confirming its business is not affected by the Murray River cod-die off which has stolen the social media spotlight in the past couple of days, because it grows Murray cod in tanks, not the Darling River.
The iconic Aussie fish is in the headlines right now after a video surfaced showing angry farmers hauling dead “century-old” Murray cod out of the Darling River, calling it an Australian environmental “disaster”.
The stench is so bad, even former Greens MP Jeremy Buckingham couldn’t stand to be near a victim:
this video of former Greens MP Jeremy Buckingham throwing up while holding a dead Murray cod is really something pic.twitter.com/hKvK1wv0AE
— Tom Rabe (@Rabe9) January 9, 2019
The die-off has been associated with an algal bloom and “associated low dissolved oxygen event”, meaning there isn’t enough oxygen in the water for fish to breathe.
Farmers are blaming the deaths of the cod and up to a million fish on the NSW government draining the Menindee Lakes twice in four years.
The Board at Murray Cod Australia first extended its sympathy “to the drought affected property owners and townspeople along the Darling River that have been affected by the recent fish kills in the Menindee area”.
Oh for cod’s sake
But it felt obliged to put out a note after it “received a number of enquiries” on “whether our fish stocks have been affected”.
MCA doesn’t replenish its stocks from the wild. The Murray cod is listed as critically endangered.
“As much as these events are deeply distressing to all involved they have no impact on Murray Cod Australia’s production for this year or coming years,” the MCA board assured investors.
Its water allocation is of “high quality” and its fish stocks are grown in “purpose built ponds with high quality aeration systems”.
Proprietary technology to monitor water quality “significantly reduces the risk of fish mortality events such as those currently occurring on the Darling River”.
There is no Cod
That’s not to say Murray Cod Australia hasn’t experienced its own disastrous codtastrophe.
They lost almost 8000 fish after oxygen levels in a pond hit catastrophically low levels.
Staff managed to rescue 12,076 souls worth $175,960 — which their insurer refused to pay out for.
Staff discovered that aeration systems in one of its 12 ponds had stopped working after a monitoring system bought from an outside supplier failed to warn that oxygen levels were dropping.