CSS - Clean Seas Seafood

[kingkev]

Re: CSS - Clean Seas Tuna

does anyone have any fresh news?

nothing regarding this seasons spawning has been listed in the announcements- and unfortunately i have the belief in CSS that no news is NOT good news!

i choose to hold. my holding is not enough to want to sell anyway, and, while i am starting to sway more towards the ever increasing posts regarding a lack of future within the industry, i would love to see tuna farming become a profitable solution!

I was beginning to think the same. I was hoping for an announce,emt stating that the male tuna are showing signs of a spawning season like no other but..................I will hold as well and everynow and again I buy more and top up because I believe that this will eventually succeed albeit a long time. I have been holding for 3 years now and would like to give them another year before deciding on what to do

 

[brendoz]

Re: CSS - Clean Seas Tuna

There's no way im topping up after the last year!

19th of January was when CSS announced spawning had begun for 2010, so an announcement still could be a little while off, i just had in my mind tuna were spawning earlier last year.

 

[kingkev]

Re: CSS - Clean Seas Tuna

Getting a bit jumpy now............

How will the heat wave in SA affect some of their operations.

Hopefully the Tuna boys are not too buggered to play with the Tuna girls

If no announcement by end January I have to think of a continginsy

 

[James Douglas]

Re: CSS - Clean Seas Tuna

Did anyone see the article from Tokyo where a 342 kg tuna was just sold for AUD 494,277? That makes it worth AUD 1,152.85 per kg before he marks it up and sells to restaurants. Hard to believe that at those prices tuna farming can't become a viable business someday. We hopefully will hear some good news any day now.

 

[prawn_86]

Re: CSS - Clean Seas Tuna

Did anyone see the article from Tokyo where a 342 kg tuna was just sold for AUD 494,277? That makes it worth AUD 1,152.85 per kg before he marks it up and sells to restaurants. Hard to believe that at those prices tuna farming can't become a viable business someday. We hopefully will hear some good news any day now.

Different species of Tuna for one.

I agree that aquaculture is the way forward, but wether profits are acheived by this company or a different one is the question you should ask. Its like betting on one player in a team to be the best player, when you really want to bet on the team

 

[kingkev]

Re: CSS - Clean Seas Tuna

Northern Blue fin tuna from Hokkaido is a bit different to SBT form SA.

At half of those prices, this still makes farming lucrative but I agree with the last poster..................Is CSS the best player in the team

 

[Sdajii]

Re: CSS - Clean Seas Tuna

I greatly doubt farmed tuna is ever going to fetch over $1,000.00 per kg. That's just wishful thinking. I see little point comparing the price an eccentric group may pay for a very unusual 'one-of-a-kind' specimen of something to the price of something which can be farmed in large numbers. It's not even apples and oranges, it's apples and cardboard.

The way I see it, tuna farming probably has a very bleak future. Fish prices will go up, sure. But what does tuna eat? Fish! If fish prices go up because there are no more fish in the sea, people will be desperate for fish, so even the fish like mackerel which aren't all that nice and currently aren't all that popular will be too highly prized to be used as stock feed. For every kg of tuna you need to feed off many kg of other fish. In a world severely starved of fish it seems to make little sense using up many kg of one type of fish to produce 1kg of another type.

Even if they do manage to work out using cheaper land-based feeds (which maybe will be possible at some point in the future, but don't hold your breath; CSS haven't even managed to raise a single tuna from fry to adult, regardless of what feed they use!), in a world starved of wild fish, all food is going to be very valuable, especially meat, so land-based feed costs for farmed tuna would likely become uneconomical anyway.

...this is assuming CSS actually manages to do it one day at all. Even ignoring the economics, CSS seems to have a talent for failing to raise fish, or accidentally killing fish (and by their own claims in one case they didn't realise they'd had a 100% mortality rate until several days after the fish had died! Naturally that was a deliberate lie rather than incompetence, but that doesn't particularly make them seem like a good investment either), or 'accidentally losing' fish! Goodness, could this smell any worse?

I find it strange that CSS still has not announced anything at all in regard to this year's spawning plans. They are brilliant at two things: Stuffing things up and failing to keep the investors informed. I suppose the lack of news could be due to either or both.

This is a definite example of a company I wouldn't invest someone else's money in... unless it was my worst enemy I suppose.

 

[Liar's Poker]

Re: CSS - Clean Seas Tuna

All,

Thought I'd just post up the latest media item from CSS (22nd December).

http://www.switzer.com.au/small-business/success-stories/entrepreneurs-101-day-three-gone-fishin-your-role-as-entrepreneur/#


Nothing special, it doesn't mention anything new.

I just wanted to try and find if they were still active or not. So I went searching to find any news articles since the last ASX announcement.

-Liar-

 

[kingkev]

Re: CSS - Clean Seas Tuna

Read this one somewhere as well.

I agree with the cant bit as far as buying in all the time.

I am hoping for some sort of announcement to come soon and hopefully something that can take us off the 10c mark

 

[zzaaxxss3401]

Re: CSS - Clean Seas Tuna

For every kg of tuna you need to feed off many kg of other fish. In a world severely starved of fish it seems to make little sense using up many kg of one type of fish to produce 1kg of another type.

Do they like carp? There are plenty of them in the Murray River or Lake Burley Griffin in Canberra. :

 

[prawn_86]

Re: CSS - Clean Seas Tuna

Do they like carp? There are plenty of them in the Murray River or Lake Burley Griffin in Canberra. :

As far as i'm aware this is at least one of the feeds CSS use. There is a fishing co on the murray that harvests the carp and sells it as aquatic food and farm fertilizer

 

[kingkev]

Re: CSS - Clean Seas Tuna

A good tuna for sushi is going to eat a lot nicer fish than carp and talapia.

If they can feed them with pellets alone we might be in for a good ride but I doubt that

 

[Sdajii]

Re: CSS - Clean Seas Tuna

Obviously they are much nicer than carp, Tilapia or mullet, but those fish still retail for around $10/kg (even carp is considered a table fish in most of the world, and is sold in many Australian markets - Asians and whatever the politically-correct term for wogs is these days in Australia often love carp, and it's often not all that bad). If you need to put many kg of that in to produce one kg of tuna, plus all your farming costs, extra distribution costs, etc, you're going to need very high prices paid for your product. Plus you're facing the prospect of a dwindling fish supply which will make people desperate for ANY fish, which will increase the price of your basic carp, mullet, etc. This looks like a very precarious venture to say the least, not to mention the fact that they are finding it almost impossible to even do, regardless of the cost.

There is also an ethical issue involved with feeding many kg of fish to produce 1kg of fish in a world full of starving people. If it does come to that, and in the case of an empty ocean it might, even if it works economically, which I doubt, it may be socially or even legally unacceptable.

I just see it as madness not to be abandoning the whole venture, from an ethical, ecological and financial point of view.

 

[kingkev]

Re: CSS - Clean Seas Tuna

Somewhere along the line there has to be financial viability. A lot of money has been spent to date and this venture is not about to throw in the towel.

Ethically it probably has some questions to be anwered as far as emptying out the sea so that their tuna can have a meal or 2 but they are good spinners and will no doubt harp on the fact that they will be reducing native kills to support a species under threat

 

[Sdajii]

Re: CSS - Clean Seas Tuna

Yes, a lot of money has been spent on this venture, and the people behind it are very wealthy... unlike the people who have tried to invest in the company.

A lot of money having gone into it along with pride and the owners being by their own description stubborn explains why the towel isn't being thrown in, even though it is now obvious that it should be... unless they want to exploit investors, and hey, who among us is too naive to think that goes on?

The ethical issue may be an afterthought to people only interested in making money, and that's fine and understandable within their motives, but the economics just doesn't work, and perhaps the science doesn't either.

I do think your hope of getting off the 10c mark will be answered before long, but it won't be the side of 10c you're hoping for.

 

[kingkev]

Re: CSS - Clean Seas Tuna

A venture of this magnitude is going to take more time and a LOT more money. The science behind this is trying to keep up with company aspirations. Whilst still very much in R&D mode the company's dissapointing announcements are still going to be around but that stubborness might just be the X FACTOR to make this a successful venture. The idea and thematics is all good
I think it is more of a waiting game but we will eventually see the SP move away from the 10c mark as they get closer to achieving more sustainable outcomes and yes move more towards the 20c mark. It takes a few bad announcemts to send everyone scurrying but a goo/dpositive announcement sees lots of interest as well as money changing hands

 

[kingkev]

Re: CSS - Clean Seas Tuna

Still no news from this crew

Is that a good thing or a bad thing?

 

[drlog]

Re: CSS - Clean Seas Tuna

They will probably announce something amazing soon but then announce that all the fish are dead 2 weeks after :

Ok, being serious now: I wouldn't be surprised if they are holding back any announcements until the fish have been alive for a while. That way, they wont need to announce that the once alive fish are now dead. The only problem with this is that the investors are left in the dark.

The alternative is to make announcements like this:

19/1/11 - Fish are born! Hooray!
20/1/11 - Fish are still alive!
21/1/11 - Fish are still alive!
24/1/11 - Fish are still alive!
25/1/11 - Fish are still alive!
26/1/11 - Fish are still alive!
27/1/11 - Fish are still alive!
28/1/11 - Fish are still alive!
31/1/11 - Fish are still alive!
...you get the idea.

 

[kingkev]

Re: CSS - Clean Seas Tuna

I figured the announcement would be coming soon

dead or alive is the question

Here's to hoping

 

[nizora]

Re: CSS - Clean Seas Tuna

I figured the announcement would be coming soon

dead or alive is the question

Here's to hoping

24 January 2011
Company Announcement
TUNA SPAWNING AND HALFYEAR RESULTS UPDATE
Clean Seas Tuna Ltd (ASX: “CSS”) is pleased to advise that its Southern Bluefin Tuna (SBT) broodstock commenced spawning late last week and consequently this season’s SBT larval rearing trials are also under way at the Company’s Arno Bay operations in South Australia.
The various initiatives undertaken during the past year have the Company well placed to progress its knowledge and achievements in the production of juvenile aquaculture bred SBT.
These include the new recirculation SBT hatchery which has now been fully commissioned via a successful trial of yellowtail kingfish fingerling production. Further, the Company has completed its recruitment of a skilled SBT research and development team which is now in place at Arno Bay providing ongoing support to the commercial hatchery team.
Company policy is to provide Investor Updates on the SBT spawning and larval rearing season at critical times in the annual lifecycle development program as follows:
1.
Commencement and cessation of SBT broodstock spawning.
2.
Transfer of fingerlings for controlled grow‐out trials to either sea cages or holding tanks.
3.
Significant progress and/or failures with grow‐out trials, e.g. number of SBT juveniles living post 180 days hatch.