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CSS - Clean Seas Seafood

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Re: CSS - Clean Seas Tuna

This Is an extremely good general knowledge article that gives detailed insight into tuna ranching all around the world


assets.panda.org/.../thetunaranchingintelligenceunitnovember2005specialupdatededition.
 
Re: CSS - Clean Seas Tuna

Some thing went astray with the first post and could not connect with the article So I have tried again


assets.panda.org/.../thetunaranchingintelligenceunitnovember2005specialupdatededition.pdf

If you are unable to open or access this let me know and i will see what i can do.
 
Re: CSS - Clean Seas Tuna

not working for me, I just get a 404

I googled the link and managed to find a 2004 report from WWF but not the 2005 one
 
Re: CSS - Clean Seas Tuna

Still waiting for an announcement on the results of the spawn. Something seems to be very fishy about this (no pun intended).

Disc - no stock owned, but is on watchlist and a couple of friends have stakes in the company.
 
Re: CSS - Clean Seas Tuna

McCoy Pauley said:
Still waiting for an announcement on the results of the spawn. Something seems to be very fishy about this (no pun intended).

Disc - no stock owned, but is on watchlist and a couple of friends have stakes in the company.
Click to expand...

Tell me about it. I have been waiting for a spawn announcement for over a month, as many people have. It is difficult to imagine them not having spawned unless the brood stock died, and presumably if something severe happened they would have no choice but to talk about it immediately (well, the other choice being roasted).

It is difficult to understand why as of mid January there has been no December spawning announcement - by now we should have updates on how the larvae are going. The last time I had the chance to talk to someone from the senior board of Cleanseas I told them of investor frustration at their lack of keeping them informed, and was told that they thought they were very prompt with putting out news. He also thanked me for my feedback and said he would take it on board. I can't say that I am happy with their silence. Oh, actually, that was the second last time. The last time I spoke to someone I couldn't get a word out of them. Previously that person had answered every question I had in more detail than I even wanted.

If their track record is anything to go on, things are probably going well and they have either just not bothered to say anything or they have decided in their incredible wisdom to treat their investors (the people they are going to be asking money from) like mushrooms. Probably a brilliant investment, but they aren't doing anything for their popularity.

Perhaps they are even playing silly buggers. Stalling the announcement may get people nervous, the price can drop, they can say "Oh, the spawning was brilliant and we have lots of juveniles in the sea cages now, things are looking good for a big harvest" and they can then say "Check out just how awesome we are, our share price galloped to the moon". Worse, there could be insider trading... "Let's make the share price drop, buy up big, then announce not just the spawn, but the progress of the juveniles, all at once!".

Hopefully it's nothing like the above, but when they stay quiet for so long you can't help wondering why.
 
Re: CSS - Clean Seas Tuna

They have an obligation to release market sensitive news so we are entitled to assume that there's nothing bad lurking out there, particularly given the recent addition of highly regarded, experienced directors to the board.

Disc: Not holding.
 
Re: CSS - Clean Seas Tuna

Hi, Sdaji and other CCS followers,
The volumes seem to be constant on a day by day basis so if they are trying to muck around with the market they are hidding it well. definatly worrying times for all holders but thats the nature of the game. I must admit that my finger nails are chewed down waiting for the ann. and this is the first share that i have placed a stop loss on . Oh well waiting with all of you !:cuckoo:
 
Re: CSS - Clean Seas Tuna

oldblue said:
They have an obligation to release market sensitive news so we are entitled to assume that there's nothing bad lurking out there, particularly given the recent addition of highly regarded, experienced directors to the board.

Disc: Not holding.
Click to expand...

Someone tell them that! It applies to good and bad news, does it not? It is annoying when there is a situation where one way or another, news exists but we are not being told anything. It is mid January. How did the spawning go? Tell us for Pete's sake!

Big: I doubt they would actually be playing insider trading games, and as you point out, if they are, it is on a fairly small scale. I honestly doubt that is their reason, and it is quite normal for them to delay news for some stupid reason, and this along with promising/predicting best case scenario rather than realistic outcomes (which is what has happened, which is still excellent) has dropped their share price to an undervalued level in my opinion. I hoped the changes to the board might make announcements more timely and communication in general more appropriate, but apparently I was wrong. This is the first stock in my own portfolio I have ever put a stop loss on too, just in case the news is bad (though it most likely isn't). One thing is for sure, they can't afford to keep pissing investors off, and if they are withholding bad news they are going to see a massive drop in share price, making future fund raising very difficult and expensive. I think I have said this before, but the board is apparently dominated by people who know a lot about aquaculture but pitifully little about investor relations. People won't care (as much) about that if tuna are being sold to Japan and Europe at massive profits, but fundraising won't be easy in the meantime if they muck around like this.

The above makes this an underrated and undervalued stock in my opinion, but for the reasons which make it so, you have to put up with poor communication if you hold. We won't be so fussed about that when the fish are being sold and the profits are coming in, but in the mean time
 
Re: CSS - Clean Seas Tuna

It's quite possible that spawning is still going or only recently finished. I believe the spawning last year went for 35 days? So even if spawning started early December they would have only finished days ago. I remember reading an announcement for spawning earlier (november?), but with the artificial system they are using they may have flexibility in when they induce spawning, to time it with facility development etc.

Possibly they are waiting for more definite numbers etc, rather than a rushing announcement and not getting the data accurate, which I dare say people would be more annoyed with.

Who knows, surely can't be too much longer to wait.

I hold.
 
Re: CSS - Clean Seas Tuna

No spawn yet I'm afraid. Management are waiting with bated breath, as are the rest of us.

When (if) they spawn you can be certain they will announce it. Last time they spawned on a full moon. Unfortunately the next full moon isn't until 30 January.
 
Re: CSS - Clean Seas Tuna

truevalue: How do you know there has been no spawn yet? If this is the case, surely it would be newsworthy. The last full moon was new year's eve (incidentally, a 'blue moon', ie, second full moon within a calendar month) and if they want to spawn on a full moon and didn't spawn in either of the December full moons, that's a pretty serious worry, and by now they should be frantically using hormone inducement. Late January is an unfortunate time to be spawning, even in a particularly hot summer.

omac: I was thinking the same thing, but by mid January it's getting pretty late. The most optimistic I can be is that since they were rushing to get the larvae rearing facilities constructed in time, and we are having a particularly hot summer, perhaps they wanted a late spawn (so that they can utilise the new infrastructure and have the luxury of warm water lasting further into the year than usual) and have managed to induce the later spawning somehow. I must admit, I am getting nervous. In the long term I still think CSS is a winner, but I might be out very soon.
 
Re: CSS - Clean Seas Tuna

I share your frustration.

I know there has been no spawn because 1) they have not announced one; and 2) persons familiar with the matter have confirmed no spawn yet.

They have made no announcements because there is nothing to announce. A spawning event is very significant and will be announced when it happens.
 
Re: CSS - Clean Seas Tuna

If that's true, truevalue, one of your contacts knows something none of mine do (other than two who refuse to talk at the moment!). I would have thought no 'December spawn' by mid January would count as news. If an oil company drills on newly acquired land and gets nothing, they don't just say "Oh, we won't announce that, there was no news".

Do you hold?
 
Re: CSS - Clean Seas Tuna

This is not oil drilling it is spawning. Noone can flick a switch and force the tuna to spawn. The tuna will spawn in their own time. Management can only provide the best possible environment to encourage a spawn they dont work to a timetable.

Management are still fully expecting a spawn. The oil field is not dry.

Yes I hold plenty
 
Re: CSS - Clean Seas Tuna


It's not quite an oil drill, but I was under the impression that hormone treatments were effectively a switch which could be flicked to force the tuna to spawn.

I suppose it's not unusual to get a bit low in confidence when news is coming but has not yet arrived, or when an imminent event is still imminent and not realised. Once they spawn I'm sure those like me will feel a lot more comfortable.
 
Re: CSS - Clean Seas Tuna

YTK is now in the shops.
Sold under the john west brand in the meat fridge, not frozen. I picked some up yesterday after seeing it, tastes good. There is a good range of seafood (some australian) all under the john west name (simplot).
 
Re: CSS - Clean Seas Tuna

Waiting Waiting Waiting for the full moon and the spawning to commence...come on 30 Jan and hopefully alot of happy faces
 
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