CSS - Clean Seas Seafood

[squidlyadams]

Re: CSS - Clean Seas Tuna pg 50 thurs Advertiser

Page 50 Thurs Advertiser. Nice article to boost investors confidence. I over read Kingfish sales in quarterly report as too busy pre-occupied with Tuna. It suggests Kingfish sales are going very well indeed.

 

[tge oracle]

Re: CSS - Clean Seas Tuna

The forum has, quite understandably, become very quiet.

I have only revisited it myself as a result of a very intersting article on tonights ABC TV news. Basically, and I might not quite have the specifics completely accurate, but Japanese scientists are pioneering the impregnating of Mackeral with BFT stem cells/DNA. This alows the mackeral to become surrogate broodstock for BFT eggs. So basically the Mackeral concieves, incubates and lays the BFT egg as a broodstock BFT would. The resultant larvae grows as it would as if layed by the broodstock BFT.
The scientists are expecting Mackeral bred BFT within 2 years , according to the report.
This has enormous ramifications for CSS and others who are labouring , at immense expense, to support BFT broodstock in large tanks and with the resultant high feed costs and husbandry expenses.
If this new technology proves successful, CSS and others are finished.
Think about it, you can achieve the same spawning success from a humble and readily available mackeral of 2-3kg as you can from a 100-200kg broodstock tuna.
Did anybody else see this report?

 

[Sdajii]

Re: CSS - Clean Seas Tuna

The forum has, quite understandably, become very quiet.

I have only revisited it myself as a result of a very intersting article on tonights ABC TV news. Basically, and I might not quite have the specifics completely accurate, but Japanese scientists are pioneering the impregnating of Mackeral with BFT stem cells/DNA. This alows the mackeral to become surrogate broodstock for BFT eggs. So basically the Mackeral concieves, incubates and lays the BFT egg as a broodstock BFT would. The resultant larvae grows as it would as if layed by the broodstock BFT.
The scientists are expecting Mackeral bred BFT within 2 years , according to the report.
This has enormous ramifications for CSS and others who are labouring , at immense expense, to support BFT broodstock in large tanks and with the resultant high feed costs and husbandry expenses.
If this new technology proves successful, CSS and others are finished.
Think about it, you can achieve the same spawning success from a humble and readily available mackeral of 2-3kg as you can from a 100-200kg broodstock tuna.
Did anybody else see this report?

Sounds like very interesting technology which will dramatically change aquaculture. As for the implications for CSS, it is a possible nail in the coffin, but that coffin is now all but buried anyway, and won't be above ground for long enough to receive this nail if/when the nail is complete. I am astounded that CSS is still trading at more than about 5-6c. If I still held I'd be selling out if I could get more than about 4-5c, and I'd consider selling out for anything above 3c. It's literally dead in the water.

 

[nizora]

Re: CSS - Clean Seas Tuna pg 50 thurs Advertiser

Page 50 Thurs Advertiser. Nice article to boost investors confidence. I over read Kingfish sales in quarterly report as too busy pre-occupied with Tuna. It suggests Kingfish sales are going very well indeed.

PRESS RELEASE – SEAFOOD CRC INNOVATION AWARD
The Australian Seafood CRC was yesterday awarded the prize for “Excellence in Innovation” at the Cooperative Research Centre Association Conference held in Alice Springs. The Seafood CRC, one of Australia’s 48 Cooperative Research Centres, won the prize in recognition of the outstanding commercial application of its research.
The prize acknowledges a series of research breakthroughs which have enabled the breeding and rearing of the prized Southern Bluefin Tuna in land-based hatcheries.
This award recognises the huge, collaborative scientific effort that stands behind the commercial development of bluefin tuna aquaculture by the South Australian company Clean Seas Tuna Ltd.
Dr Graham Mair, Program Manager at the Seafood CRC said “This project epitomises the CRC mantra of End-User Driven Research Partnerships. Over the past three years scientists from more than 15 institutes around the world and across Australia have worked together to deliver this outcome for the seafood industry”.
Through the vision of its founder, Dr Hagan Stehr (AO) Clean Seas Tuna has learned how to effectively engage with teams of scientists to undertake discovery research and to take this on to commercial delivery, in partnership with the Seafood CRC.
According to Dr Mair, as a result of this prize winning collaboration “consumers will soon be able to buy fresh bluefin tuna in the knowledge that the supply is sustainable through the combination of aquaculture and ocean fishing.”
This research based in South Australia and recognized

 

[sashimi]

Re: CSS - Clean Seas Tuna

Be prepared for a government bailout

The stage is set.

Port Stephens Southern Bluefin Tuna breakthrough
AUSTRALIA - The future of the critically endangered species Southern Bluefin Tuna is looking brighter with the Port Stephens Fisheries Institute announcing it successfully reared the iconic species to juvenile stage.

Minister for Primary Industries, Steve Whan said: “There’s no doubt this is a magnificent breakthrough and it’s great it has been made here in NSW.

“Industry & Investment NSW researchers at Port Stephens are proud to be part of a collaborative research program with the company Clean Seas Tuna and other partners in the Australian Seafood Cooperative Research Centre.

“Last night the Seafood CRC tuna breeding program was a winner in the Cooperative Research Centres of Australia awards 2010 in the category of ‘Innovation arising from the application and use of research’.

“This follows international recognition with Time Magazine listing “tank bred tuna” as the second-best invention in 2009 which indicates the global significance of the achievement.

“While only small numbers of fish were produced, this success and other achievements from Clean Seas Tuna and collaborators, has confirmed hatchery production of Southern Bluefin Tuna is possible.

“It also confirms the potential for increased aquaculture production and raises the prospect for future stock enhancement of this highly valued species.

“The next critical milestone is achieving reliable, large-scale production of juveniles.”

I&I NSW Aquaculture Research Leader, Dr Geoff Allan said the national progress with Southern Bluefin Tuna has been outstanding with maturation of broodstock, controlled spawning, larval rearing and juvenile production successfully achieved.

“This success is a triumph for Clean Seas Tuna and founding Director Mr Hagen Stehr. They have turned their vision to breed Southern Bluefin Tuna into a reality,” Dr Allan said.

“The I&I NSW team, led by Research Scientist, Dr Stewart Fielder, has been successful in rearing juveniles because of innovative thinking, strict adherence to defined protocols for live food production and tank hygiene and extremely hard work.

“The research demonstrates what can be achieved by genuine collaboration and I&I NSW is proud to remain involved in solving key remaining challenges to large-scale hatchery production of Southern Bluefin Tuna.

“Hatchery production and aquaculture is the only way to meet increasing demand for tuna and seafood in general.”

The state-of-the-art marine fish hatchery at Port Stephens is one of four hatcheries involved with the program with Clean Seas Tuna hatchery at Arno Bay, the South Australian Research & Development Institute hatchery and the Northern Territory Department of Regional Development, Primary Industries, and Fisheries and Resources hatchery. Other contributors to this exciting program are the Fisheries Research & Development Corporation, the University of the Sunshine Coast, Flinders University, and the University of Tasmania.

DYOR

 

[sashimi]

Re: CSS - Clean Seas Tuna

Bluefin tuna farm gets green light


By Chris Dove, SeafoodSource contributing editor, reporting from Malaga, Spain
14 June, 2010 - Cádiz, Spain-based Futuna Blue España has been given the green light to begin constructing the world’s largest bluefin tuna farm on the River Guadalete at the end of the month.
Established in 2007, the company aims to develop the species’ reproduction from the early stages of larval growth with an investment of approximately EUR 11 million (USD 13.5 million).
As Europe’s first center for the captive breeding of Atlantic bluefin tuna (Thunnus thynnus), located in the port of Cádiz, the 30,000-square-meter plant plans to breed 500,000 tuna per year.
El Puerto Mayor Enrique Moresco just recently granted permission for the farm following a protracted planning process.
“Unfortunately for El Puerto, the Special Ports Plans were buried in a drawer until mayor Moresco gave them a new impetus,” said Patricia Ybarra, the port’s urban councilor. “Now we only need to complete the environmental procedures to give final municipal approval, and then we can count on a complete tool for the development of this type of facility.”
Miguel Llere, Futuna Blue España’s sales and marketing director, on Monday confirmed that after completing the administrative phase, the company plan to begin clearing land this week. Construction will last for one year.
Last week, Futuna Blue shareholders highlighted the possibility of finding another location due to the long planning permission process, warning that if work did not begin immediately the company would miss its May 2011 production target.
All Aquaculture stories >


Do your own research

 

[sashimi]

Re: CSS - Clean Seas Tuna

Obtaining Bluefin Eggs Without Hormonal Induction
SPAIN - Scientists at the Spanish Institute of Oceanography (IEO) have obtained viable bluefin tuna eggs at its facilities in Murcia,without hormonal induction. This is something that had never previously happened far from their natural spawning area and this demonstrates the advanced domestication level of the individuals used in this project.

Since June 18th, at the facilities of the Oceanographic Centre of Murcia of the Spanish Institute of Oceanography (IEO), viable bluefin tuna eggs are being spawned daily within the framework of the SELFDOTT project (From capture based to SELF-sustained aquaculture and Domestication Of bluefin tuna, Thunnus Thynnus), coordinated by Dr Fernando de la Gándara.

This is the second consecutive year that the IEO has been able to obtain viable bluefin tuna eggs. Unlike the first occasion, this time it has not been necessary to induce the spawning with hormonal implants it has occurred spontaneously, something that has never previously happened in aquaculture facilities far from the Blue Fin Tuna ´s natural spawning areas and this therefore shows that the breeding tunas have reached an important degree of domestication as a result of their stay at the experimental farm for more than three years.

The eggs which exceeded ten million viable ones in a single day, are being collected in two experimental nursery facilities that SELFDOTT project has in El Gorguel (Cartagena), managed by the Caladeros del Mediterráneo Company, a project participant.

The eggs will be processed in a facility of the IEO in Murcia. One part will be sent to various project partners ´ laboratories: IFREMER Palavas in France, the Hellenic Centre for Marine Research (HCMR) on the island of Crete (Greece) and the National Center for Mariculture (NCM) in Eilat (Israel) and the rest will be used to start experiments on larval rearing, that SELFDOTT foresee in the Technical Annex, and which will be carried out at the Murcia Oceanographic Centre of the IEO under the supervision of Aurelio Ortega.

During the last larval rearing season IEO researchers completed several experiments to increase our understanding on the conditions of temperature, photoperiod, hydrodynamics and food most suitable to achieve higher survival and growth indexes. The last surviving tuna juvenile was 73 days old, reaching a height of 14 cm and weighing 30 g. After this experience, the scientists expect to improve on the success achieved last season.

The production of viable bluefin tuna eggs from captive individuals is the first step in the independent production of this species, without expending the endangered natural stocks, so that aquaculture can supply the market in the future in a sustainable manner.

DYOR

 

[sashimi]

Re: CSS - Clean Seas Tuna

12 July, 2010 - Japan’s Kinki University Fisheries Culture and Nursery Center ”” the first to successfully breed Pacific bluefin tuna in 2002 ”” is now harvesting the tuna and exporting some of it to the United States.

The tuna are born in the university’s labs, not taken from the oceans as with other tuna aquaculture operations. Low density stocking allows the fish to be raised without antibiotics.

The university branded the finished product “Kindai Maguro” and formed a marketing company called A-marine Kindai Co. Ltd. Main outlets are Japanese department stores, though some of it is exported. The meat has the fattiness of toro (belly meat) throughout the body.

The university’s full-cycle breeding program is in Wakayama Prefecture, with ocean pens in both Wakayama and Kagoshima Prefectures. In addition to its own production, Kinki supplies fry, known as yokowa, about two and a half months after hatching to Burimi Corp.

Burimi picks up the fry by boat from the university’s Wakayama breeding facility and releases them into their own net pens in Amakusa City, Kumamoto Prefecture. The company stocked 200 to 300 fry as a test in December 2007, then ramped it up to 3,000 in 2008 and 5,000 last year.

Burimi test marketed the product in the United States in November 2009, including sampling in Boston, New York and Los Angeles. The company ran a promotional campaign from January to March, including bloggers, to play up the sustainability of their product.

Reviews have been positive on taste, but mixed regarding sustainability. Though the product does not deplete wild fish stocks, some environmental activists worry that consumers will be confused by a sustainable bluefin tuna after so much effort has been spent on educating the public not to eat it. They also note that tuna is still a carnivorous fish, with a large volume of feed fish consumed to produce a small amount of tuna.

Supply is still well short of demand, and Burimi exports only 10 to 15 fish per week, with an equal number going to the domestic market, said President Tadaomi Hama.

Kinki University is also providing technical cooperation to Australia’s Clean Seas Tuna Ltd., a commercial operation in Port Lincoln, Australia, to produce southern bluefin tuna.

Interest is growing among Japanese tuna farms that currently depend on wild caught fry. Tokyo-based seafood company Kyokuyo is constructing two round net enclosures 50 meters across in Ainan City, Ehime Prefecture, where it will stock wild-caught yokawa. With an existing facility in Sukumo City, Kochi Prefecture, Kyokuyo expects to produce 500 to 600 metric tons of fish annually. The company aims to produce 1,000 metric tons per year by 2015 by adding two more locations.

Kyokuyo President Kiyokazu Fukui said in a recent Suisan Times interview, “We need to consider a way to obtain artificially-incubated yokowa through complete-cycle aquaculture in the future, not just limiting ourselves to wild yokow.”

DYOR

 

[nizora]

Re: CSS - Clean Seas Tuna

JUNE QUARTER 2010

CASH FLOW COMMENTARY

Net operating cash outflow was $1.9 million in the June quarter 2010 compared to an outflow of $10.1 million for the June quarter 2009. Outflows for the June 2010 quarter include the costs of the southern bluefin tuna (SBT) pellet feed trials which amounted to 0.4 million (total to June 2010 $1.3 million net) and it is anticipated that these costs will be recouped from SBT sales in 1Q 2011.

Management continues to be focussed on making operational changes to the Kingfish growout business in order to turn it into a positive cash flow business for the group.

The company has now achieved a balance between production and sales of kingfish. Targeted marketing strategies will lead to improved farmgate returns, which coupled with cost reductions, will give rise to further improvements in operating cash flows over the next twelve months.

Additional information about financial and operating performance will be provided in the 2010 full year results due in August 2010.

 

[nizora]

Re: CSS - Clean Seas Tuna

CLEAN SEAS TUNA LIMITED (CSS): MARKET RELEASE
INVESTOR UPDATE 10/8/2010
................................
Overall, the Company believes it is now on track for the Yellowtail Kingfish division to become cash flow positive for FY2011 and then moving to profitability in the near term. Whilst this progress is slower than originally anticipated, the Company is now operating with a focused and higher level of rigour and discipline which will result in steady progress in this division.
4.
Other Matters
The Company recently lodged (30 July 2010) its Appendix 4C cash flow report for the three months ended 30 June 2010. In addition to information contained in that report, the Company confirms that its forecasts and current operations indicate that it has sufficient cash reserves for all planned operations in Page 3
FY2011. Further, the Company confirms it is presently debt free and is trading on a maximum of 30 day credit terms with all suppliers.
Whilst FY2010 has been a difficult and disappointing year from a financial perspective, the Company believes that it is well placed to significantly advance its progress with the commercialisation of SBT aquaculture and the establishment of Yellowtail Kingfish as a viable long term premium species. In the absence of unforeseeable environmental impacts, the Company anticipates a major reduction in operating losses for FY2011 as it advances towards profitable operations.

 

[Sdajii]

Re: CSS - Clean Seas Tuna

Cool; after a history of lying and making ridiculously unrealistic predictions which time and again fall through, they are telling investors that although they are currently losing money they hope to be cashflow positive in the future.

Gee, let me get my buy order in right away.

 

[sashimi]

Re: CSS - Clean Seas Tuna

FROM SPAIN AND MALTA FARMING BLUEFIN TUNA 26.08.2010

LINK:http://www.euronews.net/2010/07/23/farming-bluefin-tuna/

 

[nizora]

Re: CSS - What a lot of dead fish ???

Market Update – Kingfish Bathing Mortalities

The Company advises that up to 80 tonnes of Kingfish from four cages died due to human error following a bathing round which was carried out on Thursday 2 September 2010. Fish are bathed in the normal course of marine operations. An investigation and a review of bathing policies and procedures is in progress.

After monitoring over the weekend and Monday there have been no further abnormal mortalities from these cages.

The Company considers this event to be a one off loss which will have a financial impact of
up to $0.7 million pre tax on the current half year’s results to 31 December 2010.

Whilst these abnormally high mortalities will impact future cash flow, the Company remains of the view that it has adequate cash reserves to meet all anticipated financial commitments for FY2011.

 

[Sdajii]

Re: CSS - Clean Seas Tuna

80 tonnes of fish die (80 tonnes of fish!) on a Thursday, and they get around to letting the market know the following Tuesday! I suppose it probably took them four or five days to prepare that document, which was the length of two or three average SMS texts (nizora has the entire thing quoted).

You'd think with 80 tonnes of fish on the line you'd want to carefully manage your potential for 'human error' (I'd like to know what the error was). What will CSS surprise us with next?

 

[Bigukraine]

Re: CSS - Clean Seas Tuna

80 tonnes of fish die (80 tonnes of fish!) on a Thursday, and they get around to letting the market know the following Tuesday! I suppose it probably took them four or five days to prepare that document, which was the length of two or three average SMS texts (nizora has the entire thing quoted).

You'd think with 80 tonnes of fish on the line you'd want to carefully manage your potential for 'human error' (I'd like to know what the error was). What will CSS surprise us with next?

all i know is that quite a large school of kingfish appeared near my place of residance here on the EP (won,t say exactly where for obvious reasons) and i took great delight in catching a few for the dinner table.....this happened 2 weekends ago......instead of dying maybe escaped....got to love this mob just when you get 1 step forward... you know the rest

 

[trainspotter]

Re: CSS - Clean Seas Tuna

Not sure if this is right? Claiming only 8 tonnes of fish mortality to effect only $700,000 cashflow. No biggy IMO. But the numbers do not add up? Unless kingfish is $87.50 per kilogram? WHich I doubt. So therefore if it was 80 tonne the per kg price would be $8.75 (which sounds about right) then it is a BIG DEAL to lose 80 tonnes in one mortality hit.

http://www.news.com.au/business/fish-mortality-kills-clean-seas-shares/story-e6frfm1i-1225915271820

 

[moXJO]

Re: CSS - What a lot of dead fish ???

Market Update – Kingfish Bathing Mortalities

The Company advises that up to 80 tonnes of Kingfish from four cages died due to human error following a bathing round which was carried out on Thursday 2 September 2010. Fish are bathed in the normal course of marine operations. An investigation and a review of bathing policies and procedures is in progress.

After monitoring over the weekend and Monday there have been no further abnormal mortalities from these cages.

The Company considers this event to be a one off loss which will have a financial impact of
up to $0.7 million pre tax on the current half year’s results to 31 December 2010.

Whilst these abnormally high mortalities will impact future cash flow, the Company remains of the view that it has adequate cash reserves to meet all anticipated financial commitments for FY2011.

How dodgy does that sound. Any way of checking to see if the fish really did die and they are not just selling em off the back of a truck.

 

[trainspotter]

Re: CSS - Clean Seas Tuna

Sumfin really not right here ?? 80 million kingfish dead here?

80,000,000 fish divided by 80,000 kilograms = 1000kg per fish ?? Not possible.

CSS claim 80 tonnes = 80,000 kgs for $700,000 loss ($8.75 per kg possible)
News article 1 claims 8 tonnes = 8000 kgs for $700,000 loss ($87.50 per kg unlikely)
News article 2 claims 80,000,000 fish divided by $700,000 loss = .00875 cent per fish??

I am really confused now. Has the media got it wrong? What is the REAL mortality rate and what is the REAL loss projected?

http://www.thebull.com.au/articles/a/14112-flukey-bath-bungle-kills-80m-kingfish.html

 

[brendoz]

Re: CSS - Clean Seas Tuna

news articles are probably not the most credible source of info. obviously got their numbers jumbled.
disappointing and frustrating are a couple of words that come to mind. investor or not, its one company i would love to see become successful in their goals. the fact that 80 tonnes of fish here lost due to human error is inexcusable- get it right!

 

[Sdajii]

Re: CSS - Clean Seas Tuna

The newspapers have incorrect information, probably due to a typo somewhere along the way. The ASX announcement makes sense (although it's severely dodgy).

I had the same suspicion about them selling them off the back of a truck. We know that this company is not honest or ethical, so it wouldn't be out of character.