CSS - Clean Seas Seafood

[tge oracle]

Re: CSS - Clean Seas Tuna

I don't know if anybody has had a chance to view the new CSS website but I am very impressed. It has been very professionally constructed with detailed and extensive information about our company and it's products.
This is yet another example of my growing confidence in CSS and it's future. Websites provide a key window into the way a company operates. CSS, to their credit, have always manitained an up to date website that is regularly maintained. You would be surprised how many companies have very poor websites that are not up to date. It is one factor I watch for in the overall quality managemnet of a company. If they can't manage updating their website then what does this say aboiut their management of the company.
CSS are an example of a very high quality company , hence their ISO 14001 and ISO 9001 accreditation.

 

[Basilica]

Re: CSS - Clean Seas Tuna

I don't know if anybody has had a chance to view the new CSS website but I am very impressed. It has been very professionally constructed with detailed and extensive information about our company and it's products.

Hi oracle, i checked the web site out, I agree it is very professional.
I would have like to see the cuts of Tuna and Mullaway displayed like the Kingfish was displayed. It has made me hungry, I think i will buy fish for lunch today.
I recieved the latest issue of "Austasia Aquaculture" a few days ago. 2 articals of main interest.
1. Gavin Partridge of WA tafe recieved a fellowship to go to Panama to learn techniques for rearing Yellowfin Tuna Lavae.

2. 6 page artical on Australis and the Vietnam operation..... Written by Dos Osullivan, Non-Executive director of Australis.
It includes a late breaking news from the editor about the Volantary administration. MD, Josh says business as usual during restructure

My 2c on the SBT is this season will produce small number of fingerlings surviving and techniques can be used for next years spawning to produce small commercial qtys.

Interestingly spawning may not be limited to only one per year as enclosed broadstock facility can simulate any season. The current one per year may be because their is only one large enough female and she needs a rest.

When they achieve multiple spawnings per year they gaps in knoledge willbe quickly filled.

 

[truevalue]

Re: CSS - Clean Seas Tuna

A bit of action in the stock today. Selling has suddenly dried up. 300k shares gone thru this morning and the stock up 14% at 51.5. Hopefully a sign of some good news shortly.

 

[Basilica]

Re: CSS - Clean Seas Tuna

Wow, up 26% since i said i was going to buy fish for lunch today.
I never realised the market power that i posess.

 

[steamairship]

Re: CSS - Clean Seas Tuna

Maybe a leaky ship ???? Maybe a positive Ann is immanent ???? I think we have seen this before. Lots of volume.

 

[nizora]

Re: CSS - Clean Seas Tuna

It has gone up 40% ,as high as 63 cents. I surely smell something fishy here, could it be a cap raising in the making?

 

[Basilica]

Re: CSS - Clean Seas Tuna

It has gone up 40% ,as high as 63 cents. I surely smell something fishy here, could it be a cap raising in the making?

Hi nizora, wouldnt a cap raising cause the price to fall?
Despite my promise to buy fish today. I opened a can of wild salmon from Alaska

 

[truevalue]

Re: CSS - Clean Seas Tuna

Something fishy? Thats very funny!

Trading Halt!

Progress on its Southern Bluefin Tuna Program.

CSS is obviously saving on remuneration costs by giving employees a day to by stock ahead of good announcements.

I am joking but it looks bad all the same.

 

[FI$H]

Re: CSS - Clean Seas Tuna

Something fishy? Thats very funny!

Trading Halt!

Progress on its Southern Bluefin Tuna Program.

CSS is obviously saving on remuneration costs by giving employees a day to by stock ahead of good announcements.

I am joking but it looks bad all the same.

i can't see any suspicious activity. how do you know that the announcement will be good? could be that they tell us that the breeding stock died.

 

[truevalue]

Re: CSS - Clean Seas Tuna

Ever thought of applying for a job with ASIC Fi$h? They need people with open minds. Those suspicious types always make it unpleasant and embarassing during company interviews.

 

[tge oracle]

Re: CSS - Clean Seas Tuna

Gentlemen, I didn't mention anything in my earlier post as I didn't want to appear to be pumping CSS, but the answer to your questions about the trading halt lies in the text of the new website. They had no choice but to either update the market, or, put the stock in a trading halt. Pls read the text on the SBT page two, and you will see what I mean and draw your own conclusions. This information was material to the company's future and should have been released to the market prior to dispalying the new website....an honest oversight IMO. Incidently, this should lead to positive news but I am unsure of the scale.
I have sat through the ups and downs since 2005, apart from my brief respite last year.
I only hope CSS becomes yet another investment that I will never sell.
I look forward to the announcement this week.

 

[Basilica]

Re: CSS - Clean Seas Tuna

I only hope CSS becomes yet another investment that I will never sell.

An investment that you will never sell ???
Do you mean like WKL and AAQ?

Sorry oracle, i just could not resist that one.

 

[tge oracle]

Re: CSS - Clean Seas Tuna

An investment that you will never sell ???
Do you mean like WKL and AAQ?

Sorry oracle, i just could not resist that one.

No worries Basilica, good for a laugh,I think you may have mis-understood me though. What I actually mean is that when I make an investment I look to hold indefinately provided the long term growth prospects are favorable, unfortunately, this does not occur with many companies for a multitude of reasons i.e. fail to deliver, too much debt ( AAQ ), catastrophic event ( WKL ) etc. so this necessitates a sell.
I only hope CSS becomes a world leading aquaculture company , that is the context in which I will continue to hold.

 

[Basilica]

Re: CSS - Clean Seas Tuna

No worries Basilica, good for a laugh,I think you may have mis-understood me though. What I actually mean is that when I make an investment I look to hold indefinately provided the long term growth prospects are favorable, unfortunately, this does not occur with many companies for a multitude of reasons i.e. fail to deliver, too much debt ( AAQ ), catastrophic event ( WKL ) etc. so this necessitates a sell.
I only hope CSS becomes a world leading aquaculture company , that is the context in which I will continue to hold.

Hi oracle, I confess that i knew exacly what you meant.
but..
It also seemed like you ...
1: Purchased a hook and line
2: Placed your favourite food on the hook
3: Offered me the line
4: Proceded to eat the food
My response followed

 

[Basilica]

Re: CSS - Clean Seas Tuna

The announcement is out, and tranding halt over. Shares down about 10%.
It is unclear if they have proceded further than the lavae stage they achieved last year. I am glad they provided a date when they will confirm if viable fingerlings have been produced, and hopefully if a repeatable method has been formulated.



"
As a consequence of a 38% increase in the company’s share price on Monday 16 March 2009 Clean Seas Tuna Limited initiated a trading halt in its shares to ensure all shareholders are equally informed on the progress of the Tuna propagation program.
The company reports that its trials are consistently achieving high levels of quality fertilised eggs and larvae for propagation, and that forward planning for commercialisation of Southern Bluefin Tuna has now commenced.
Shareholders are again cautioned regarding the risks in this complex research and development phase. We are, however, optimistic that our team can replicate the production of large quantities of larvae for future commercialisation.
Trials are ongoing and a further update will be provided to the market on approximately 30 April 2009, when we hope to confirm the production of viable Southern Bluefin Tuna fingerlings.
"

 

[truevalue]

Re: CSS - Clean Seas Tuna

Strange announcement by CSS this afternoon. Why put the stock into trading halt for a day and a half and then say nothing new?

Feels like they wanted to say something more but decided not to. Maybe they were waiting for something good to happen but it didn't occur.

 

[Basilica]

Re: CSS - Clean Seas Tuna

Strange announcement by CSS this afternoon. Why put the stock into trading halt for a day and a half and then say nothing new?

Feels like they wanted to say something more but decided not to. Maybe they were waiting for something good to happen but it didn't occur.

It is strange and it is at least possible that the run was started from people aware of the progress.

My guess at where they are up to, is several batches of lavae are been trialed on different types zooplaynkton. the lavae that die are removed and counted.
I have worked in the process for Murray Cod, Trout Cod and Silver and Golden Perch. This was a risky time for the lavae and the nutritional requirments are quite well known for the fish i worked with. If even one batch of SBT produced a 5% survival rate I expect they will be thrilled. What i would love to hear in their 30/4/09 anouncement is they have even 100 healthy fingerlings a month old and know how to repeat it across all batches next time.

 

[tge oracle]

Re: CSS - Clean Seas Tuna

Strange announcement by CSS this afternoon. Why put the stock into trading halt for a day and a half and then say nothing new?

Feels like they wanted to say something more but decided not to. Maybe they were waiting for something good to happen but it didn't occur.

Truevalue / Basilica,

I wouldn't be too concerned about the lack specifcs in today's announcement. I have attached a link to the growth stages of tuna larvae and fingerlings. You will note that even after 5 weeks the fingerlings are only 45mm long. I can understand CSS's caution at this stage of the process. The larvae and fingerlings are very delicate but by the end of April they should be mature and robust enough for CSS to provide more specific details.
I am very pleased that I decided to re-invest in CSS. I am very confident about the future CSS and it's successful propogation of SBT on a commercial scale.


http://www.iattc.org/AchotinesLab/Yellowfin-spawning.htm

 

[Basilica]

Re: CSS - Clean Seas Tuna

Truevalue / Basilica,

The larvae and fingerlings are very delicate but by the end of April they should be mature and robust enough for CSS to provide more specific details.

I totally agree oracle by 45mm the fish willbe very robust and most can be expected to live to a ripe/tasty old age.
Thanks for the link.
Do they still only have one female large enough to breed or have they obtained more? It is a good time to try to obtain more than one spawning per year.

 

[Basilica]

Re: CSS - Clean Seas Tuna

It is also worth stating the obvious.
They sure are ugly little babies.
Only a Mother and a fish farmer could love them.