CSS - Clean Seas Seafood

[tge oracle]

Re: CSS - Clean Seas Tuna

When will it stop ahh maybe when they have a billion dollars
to spend it wont be mine

The short answer is that it won't stop anytime soon Smart.

They have been very ambiguous in their explanation for the recent Capital Raisings and if you read the accompanying documentation and the Annual Report you you will note that the last Cap Raising was to be used to fund YTK production to 1500tpa. Now they state that this new Cap Raising will fund YTK production to 1500tpa by 2015 with the aim to increase production to 3,000tpa over 5 years.....that's makes it 2020. What is important is that that don't specifically state that these funds will be used to increase to 3,000tpa...what does this mean? well, two things, firstly ,they will definitely suck more funds from investors through Cap Raisings to fund this expansion and secondly, where are these funds going as they have sucked around $ 9.6m from investors over the past 6 months just to achieve 1500tpa.......the answer is the SBT project.
This may be mothballed, but make no mistake, it requires significant expense just to keep it in this state. The Arno Bay facility is a White Elephant that needs to be completely abandoned and shut down for CSS to become truly profitable for investors. They may make a profit from YTK in the future, but I wouldn't hold out for any dividends as I believe any profits will be used to restart the SBT......just like 2005 all over again!
This reminds me of the property trust days from Babcock and Allco etc, where investors were paying for their own dividends whilst the value of the entity ( shares ) eroded to nothing.
CSS is a plaything for savvy fleet footed day traders. Long term investors, I am sad to say, will be disappointed again in my view.....a bit like ground hog day!

Disc - Not invested, opinion only and not based on any factual information. DYOR

 

[Basilica]

Re: CSS - Clean Seas Tuna

This may be mothballed, but make no mistake, it requires significant expense just to keep it in this state. The Arno Bay facility is a White Elephant that needs to be completely abandoned and shut down for CSS to become truly profitable for investors.

Hi Fishers.

Even White Elephants can be sold, there is no need to cull it oracle
If the facility and Tuna brood stock and IP were to be advertised and promoted in a timely way it would return a good price.
If in the alternative it is sold by private treaty to a related party at the last desperate moment the price would not be so good.

I will start the bidding off

$1000 if they throw in some elephant and fish food

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

the price got mined into the news release and now the stock is weighed by the market being held to size with the vwap nonsense

twiggs money flow is aggressively negative daily and weekly ....look for that to swing up

 

[chief71]

Re: CSS - Clean Seas Tuna

Css is building momentum after a month of sideways movement. Buyers out number sellers 3:1 now & subject to any adverse news with current stock i expect share price to reach 5c by year end with price rising faster once 4.2c is reached.

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

... Buyers out number sellers 3:1 ....

hi, chief......

i maybe viewing the transactions and depth incorrectly......have you got current data that backs up that 3:1 call?

 

[chief71]

Re: CSS - Clean Seas Tuna

comsec have buyers for 20m shares vs sellers for 7m.

go back about 3 weeks & it was 10 m buyers vs 9m sellers. i look particularly at +-10% of current price. This curently is 8.7m buyers vs 2.7m sellers.

Just saying price came back to 4.1c from 3.8c a week or so ago & seems to be gaining momentum - i think if the stock can close at 4.2c it will then move quickly to 5c.

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

comsec have buyers for 20m shares vs sellers for 7m.

go back about 3 weeks & it was 10 m buyers vs 9m sellers. i look particularly at +-10% of current price. This curently is 8.7m buyers vs 2.7m sellers.

Just saying price came back to 4.1c from 3.8c a week or so ago & seems to be gaining momentum - i think if the stock can close at 4.2c it will then move quickly to 5c.

right, i get where youre coming from with that data.....imho and ime, the first price levels are the key prices, they give you sentiment of the players who await price .......this is vastly different to the active price which is discretionary and you have to watch the trades as they move thru the day or have indicia that can break that down for you at the eod ......given the recent trade activity and the money flows (see Incredible Charts et al) you might see the current phase as being weighted by the mechanism of vwap pricing play for the raise.....i think this period needs to be finished before the css price can ascend.....the vwap capraise mechanism is forcing trade size, meaning, that ball game dominates the price zone simply because it dominates the volume.....if the range is down to 3.2 then that's the vwap balance and range.....

on the upside that 6 mill gimme handed back to css is a genuine boost when put with the proceeds of the cap raise.....so, price is treading water until all the cap stuff is gone....but i think the company needs to keep plans for the tuna side as it's where the real money maker is.....it's what will re-ignite overseas bids, genuine industry bids not hopeful smsf money.....

on balance the company looks good as long as we can see the burn rate for current proceeds.....

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

very robust volume

 

[pixel]

Re: CSS - Clean Seas Tuna

very robust volume

So I noticed as well - and got a few just in time.
Puzzled though: Why the delay??? The trading update had been issued on the 11th. What has changed?

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

So I noticed as well - and got a few just in time.
Puzzled though: Why the delay??? The trading update had been issued on the 11th. What has changed?

View attachment 55406

part repeat ramp and part genuine buyers with smoking pockets....Twiggs money flow saw an upturn yesterday....subtle pressure then.....

got a few jit, too

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

part repeat ramp and part genuine buyers with smoking pockets....Twiggs money flow saw an upturn yesterday....subtle pressure then.....

got a few jit, too

not quite a pull-over-driver day...40mil+ vol should have the dt's humming too

 

[chief71]

Re: CSS - Clean Seas Tuna

Got the 4.2c yesterday but wasn't expecting the climb through 5c to happen so quick. Subject to any disaster with the fish stock we won't see < 4.0c again & I think the new minimum base price is now 4.5c.

ratio of buyers to sellers is now 12:1.

 

[pixel]

Re: CSS - Clean Seas Tuna

High gap closed on the dot. I hadn't expected that one this quickly either.
Now: Will it continue upwards? Or can we expect some retracement?

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

High gap closed on the dot. I hadn't expected that one this quickly either.
Now: Will it continue upwards? Or can we expect some retracement?

fairly constructive close....maybe we'll rotate up here a bit ......still looks like push will be higher

 

[pixel]

Re: CSS - Clean Seas Tuna

fairly constructive close....maybe we'll rotate up here a bit ......still looks like push will be higher

Early m/depth suggests another 1-pip gap-up.
and that in spite of the speeding ticket http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01467427

Profit takers unite:

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

Early m/depth suggests another 1-pip gap-up.
and that in spite of the speeding ticket http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01467427

Profit takers unite:

they'll do that....holding while i have sells on the xjo

 

[Basilica]

Re: CSS - Clean Seas Tuna

Yesterdays volume and 1/3 price movement is very impressive for no apparent reason.
Well picked Pixel.

Could it have something to do with the share purchase plan that closes soon?
At today's price it is more likely to be fully subscribe than it was a few days ago.

 

[Joules MM1]

Re: CSS - Clean Seas Tuna

seems a reasonable enough trendy kinda day...the rushing jockeys didnt push too hard and cream off the top....reasonable bid activity...

 

[nizora]

Re: CSS - Clean Seas Tuna

"Strong Support for Clean Seas SPP
Share Purchase Plan and Private Placement Raises $9.7 Million

Clean Seas Tuna Limited (ASX: CSS) is pleased to advise that its Share Purchase Plan (“SPP”),
which closed on Tuesday 26 November 2013, has been supported strongly by shareholders.
The SPP was heavily oversubscribed, with Company receiving applications for $14.658
million.

In accordance with the terms of the SPP Booklet dispatched on 23 October 2013, the
Directors have resolved to accept the maximum amount that can be accepted under the SPP.
Under the terms of the SPP, the Directors reserved the right to accept up to the limit
available under an SPP of 30% of Clean Seas’ shares on issue, being 240,527,119 shares
raising $7,696,868 at the SPP issue price.

As a result of the oversubscription, applications will be scaled back on a pro-rata basis by
approximately 47.5%. Excess application monies will be returned to shareholders early
December 2013. The issue of shares to all Directors participating in the offer will be scaled
back on the same basis."

 

[nizora]

Re: CSS - Clean Seas Tuna

comsec have buyers for 20m shares vs sellers for 7m.

go back about 3 weeks & it was 10 m buyers vs 9m sellers. i look particularly at +-10% of current price. This curently is 8.7m buyers vs 2.7m sellers.

Sadly currently 116 sellers for 14,586,736 units and 77 buyers for 12,426,333 units.
The price just kept dropping from the manipulative pre SPP high 7.7 cents to currently 3.8 cents.