CSS - Clean Seas Seafood
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Re: CSS - Clean Seas Tuna
You have been warned !!!
7TH March 2011
“While the level of capital available to the Company through such share placements is vital to fund our ongoing Southern Bluefin Tuna program, the Clean Seas Tuna Board will ensure that the Company’s current shareholders are provided with the opportunity to participate in future capital raisings.
"Along with existing cash reserves, funds raised from the share placement and any further capital raisings will provide working capital for the Company’s expanding operations, and particularly for the ongoing pioneering research into spawning and larval rearing of Southern Bluefin Tuna."
"Importantly, our investment is also made on the basis of our understanding that additional funds will be needed to achieve success with such world-first initiatives, especially to support the growing biomass when commercial quantities of Southern Bluefin Tuna fingerlings are transferred to sea."
You have been warned !!!
7TH March 2011
“While the level of capital available to the Company through such share placements is vital to fund our ongoing Southern Bluefin Tuna program, the Clean Seas Tuna Board will ensure that the Company’s current shareholders are provided with the opportunity to participate in future capital raisings.
"Along with existing cash reserves, funds raised from the share placement and any further capital raisings will provide working capital for the Company’s expanding operations, and particularly for the ongoing pioneering research into spawning and larval rearing of Southern Bluefin Tuna."
"Importantly, our investment is also made on the basis of our understanding that additional funds will be needed to achieve success with such world-first initiatives, especially to support the growing biomass when commercial quantities of Southern Bluefin Tuna fingerlings are transferred to sea."
Re: CSS - Clean Seas Tuna
That was always assumed Mate. They have always said it will cost $100m to grow out 10,000t of SBT. When you have $5m in the bank capital raisings are to be expected. The only question will be: At what price will they do it?
If they get 1000's of live fingerlings into sea cages then I would (like to) think it would be well north of 11c.
Anyway the announcement finally gives us the true identity of tge oracle
That was always assumed Mate. They have always said it will cost $100m to grow out 10,000t of SBT. When you have $5m in the bank capital raisings are to be expected. The only question will be: At what price will they do it?
If they get 1000's of live fingerlings into sea cages then I would (like to) think it would be well north of 11c.
Anyway the announcement finally gives us the true identity of tge oracle
Sdajii
Sdaji
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Re: CSS - Clean Seas Tuna
I still say it's as bad a long-term investment as ever, but it looks like there might be some juicy trading opportunities ahead for anyone who doesn't mind temporarily holding shares in a dodgy company. I won't be able to bring myself to do it, but I'll be watching with interest.
Good luck to all holders (said very much tongue-in-cheek )
I still say it's as bad a long-term investment as ever, but it looks like there might be some juicy trading opportunities ahead for anyone who doesn't mind temporarily holding shares in a dodgy company. I won't be able to bring myself to do it, but I'll be watching with interest.
Good luck to all holders (said very much tongue-in-cheek
)Re: CSS - Clean Seas Tuna
I believe that this bunch will get their fingelings into sea cages this year, however, immediatly after that announcement we will see some capital raising going on and yes hopefully north of 11c. This bunch will strike when the iron is hot and that will only be with successfull transfer to sea cages
HOLD TIGHT
I believe that this bunch will get their fingelings into sea cages this year, however, immediatly after that announcement we will see some capital raising going on and yes hopefully north of 11c. This bunch will strike when the iron is hot and that will only be with successfull transfer to sea cages
HOLD TIGHT
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Re: CSS - Clean Seas Tuna
Hehe, I bought $500 worth for ****s and giggles. The thing is, I know I am just gambling
I still say it's as bad a long-term investment as ever, but it looks like there might be some juicy trading opportunities ahead for anyone who doesn't mind temporarily holding shares in a dodgy company. I won't be able to bring myself to do it, but I'll be watching with interest.
Good luck to all holders (said very much tongue-in-cheek
Hehe, I bought $500 worth for ****s and giggles. The thing is, I know I am just gambling
Re: CSS - Clean Seas Tuna
Many changes in this company have occured over time and there is an awful lot for this company to lose if it does not succedd in the near future. Let's hope it is this year
I have held for a long time now and yesterdays announcement helps a lot with my confidence
Yes you are a gambler and yes sometimes you CAN win
Many changes in this company have occured over time and there is an awful lot for this company to lose if it does not succedd in the near future. Let's hope it is this year
I have held for a long time now and yesterdays announcement helps a lot with my confidence
Yes you are a gambler and yes sometimes you CAN win
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Re: CSS - Clean Seas Tuna
Hello again Truevalue,
I would be very happy to identify myself as our friend Mr Teigen but I am not quite up to his level of investment in the aquaculture industry....I'm working on it though.
Although I have rebuilt my original investment in CSS I intend to add to this when details of the SBT propogation trials and progress with YTK marketing / sales become clearer.
I hope they handle the Cap Raising better this time and not allow minimal holders to
oversubscribe at the offer price. It should be conducted on a pro-rata entitlement based on share holding value.
Although I have ended up trading this share over the past 5 years, not intentionally, I would much prefer to buy and hold for the long term like Mr Teigen. Let's all hope that Management can deliver this year. I will have no hesitation in moving out again if they resort to past practices as described in many previous posts and as highlighted by Sdajii.
Anyway the announcement finally gives us the true identity of tge oracle
Hello again Truevalue,
I would be very happy to identify myself as our friend Mr Teigen but I am not quite up to his level of investment in the aquaculture industry....I'm working on it though.
Although I have rebuilt my original investment in CSS I intend to add to this when details of the SBT propogation trials and progress with YTK marketing / sales become clearer.
I hope they handle the Cap Raising better this time and not allow minimal holders to
oversubscribe at the offer price. It should be conducted on a pro-rata entitlement based on share holding value.
Although I have ended up trading this share over the past 5 years, not intentionally, I would much prefer to buy and hold for the long term like Mr Teigen. Let's all hope that Management can deliver this year. I will have no hesitation in moving out again if they resort to past practices as described in many previous posts and as highlighted by Sdajii.
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Re: CSS - Clean Seas Tuna
Am I correct in assuming that the economic feasability of sbt relates to feeding them? I understand that regardless it will be neccesary to grow-out and sell a certain number to break-even and better yet generate profit, but does not the Kingfish and/or Mullaway fishery support the sbt as a food source? Could this be the reason that they have over-produced in previous years, anticipating a need for feed for the tuna, and being stuck with excess, unmarketable product when the sbt did not grow-out? We all know they are using Kingfish as food; I have ran some numbers, and I see profitability. I mean, these are gold bars with fins.
I still say it's as bad a long-term investment as ever, but it looks like there might be some juicy trading opportunities ahead for anyone who doesn't mind temporarily holding shares in a dodgy company. I won't be able to bring myself to do it, but I'll be watching with interest.
Good luck to all holders (said very much tongue-in-cheek
Am I correct in assuming that the economic feasability of sbt relates to feeding them? I understand that regardless it will be neccesary to grow-out and sell a certain number to break-even and better yet generate profit, but does not the Kingfish and/or Mullaway fishery support the sbt as a food source? Could this be the reason that they have over-produced in previous years, anticipating a need for feed for the tuna, and being stuck with excess, unmarketable product when the sbt did not grow-out? We all know they are using Kingfish as food; I have ran some numbers, and I see profitability. I mean, these are gold bars with fins.
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Re: CSS - Clean Seas Tuna
Sdajii is referring to the high probability (from past experiences) that the SBT will be dead before we know it. Actually, they are probably dead now Sure, if the SBT survive a while and they can grow them out then its all dollar signs. Seriously though, what are the chances of actually growing out the SBT without something going wrong?
As for food, I thought (and I could be wrong) they were developing a food saussage from cheaper food sources like grains. Whether it works or not, I don't know.
Heh, I like your gold bar with fins metaphor
Sdajii is referring to the high probability (from past experiences) that the SBT will be dead before we know it. Actually, they are probably dead now
Sure, if the SBT survive a while and they can grow them out then its all dollar signs. Seriously though, what are the chances of actually growing out the SBT without something going wrong?As for food, I thought (and I could be wrong) they were developing a food saussage from cheaper food sources like grains. Whether it works or not, I don't know.
Heh, I like your gold bar with fins metaphor
Re: CSS - Clean Seas Tuna
no doubt feeding these little torpedo's is very expensive. Not sure if their over production in kingfish was deliberate but it does make sense if they planned to use them as feed. I suspect greed was a factor in over production. Landbased feed would surely be more economical but I think that has still to be tried and tested.
Yes I also think they are gold bars with fins..............its all in the processing of these bars
no doubt feeding these little torpedo's is very expensive. Not sure if their over production in kingfish was deliberate but it does make sense if they planned to use them as feed. I suspect greed was a factor in over production. Landbased feed would surely be more economical but I think that has still to be tried and tested.
Yes I also think they are gold bars with fins..............its all in the processing of these bars
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Re: CSS - Clean Seas Tuna
Day of quake- 17% pullback response in U.S OTC, reflection of significance of Japanese tuna market (unless I missed something). But...this could adversely effect Japanese sbt attempts. May facilitate 1st to market.
I am glad to hear the U.S. is on its way to help them, the Japanese are an admirable culture.
Day of quake- 17% pullback response in U.S OTC, reflection of significance of Japanese tuna market (unless I missed something). But...this could adversely effect Japanese sbt attempts. May facilitate 1st to market.
I am glad to hear the U.S. is on its way to help them, the Japanese are an admirable culture.
Re: CSS - Clean Seas Tuna
Most of the tuna frams and research stations are located in central and southern Japan, Wakayama, Ehime, Kochi, Nagasaki, Amami (Kagoshima) and Okinawa Pref.
With this mind and not a whole lot of news to go on..........the Tuna could be safe but not sure
Either way CSS will need to gets s&^%$ together to make any headway into the japanese market
Most of the tuna frams and research stations are located in central and southern Japan, Wakayama, Ehime, Kochi, Nagasaki, Amami (Kagoshima) and Okinawa Pref.
With this mind and not a whole lot of news to go on..........the Tuna could be safe but not sure
Either way CSS will need to gets s&^%$ together to make any headway into the japanese market
Re: CSS - Clean Seas Tuna
considering that no fingerlings survived beyond 38 days last year and we have been told that the 33 day mark has passed...................we could be in for an announcement soon....................probably closer to the end of the month and lets hope its a good one
considering that no fingerlings survived beyond 38 days last year and we have been told that the 33 day mark has passed...................we could be in for an announcement soon....................probably closer to the end of the month and lets hope its a good one
Re: CSS - Clean Seas Tuna
Hoping the good news will not end by April!
14 March, 2011
The Company today announced that the latest stage in the lifecycle research and development program was reached late last week when the first batch of Southern Bluefin Tuna fingerlings was transferred from the onshore Arno Bay nursery tanks to an at-sea cage for controlled grow-out trials.
Some 90 fingerlings – now ranging in length from eight centimetres to ten centimetres and weighing up to 15 grams – have been transferred to a 25-metre cage offshore. The transfer to sea follows successful weaning of the fingerlings onto a manufactured diet.
http://imagesignal.comsec.com.au/asxdata/20110314/pdf/01161109.pdf
Hoping the good news will not end by April!
14 March, 2011
The Company today announced that the latest stage in the lifecycle research and development program was reached late last week when the first batch of Southern Bluefin Tuna fingerlings was transferred from the onshore Arno Bay nursery tanks to an at-sea cage for controlled grow-out trials.
Some 90 fingerlings – now ranging in length from eight centimetres to ten centimetres and weighing up to 15 grams – have been transferred to a 25-metre cage offshore. The transfer to sea follows successful weaning of the fingerlings onto a manufactured diet.
http://imagesignal.comsec.com.au/asxdata/20110314/pdf/01161109.pdf
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Re: CSS - Clean Seas Tuna
So they are basically saying that 180 of the SBT are alive and half of those are out at sea? Even though they are gold bars with fins, I expect that selling 180 "gold bars" wont bring in that much money once they finally grow out in a few years time. Thoughts anyone?
Heh, at least my $500 gamble is now $680.... :dance:
So they are basically saying that 180 of the SBT are alive and half of those are out at sea? Even though they are gold bars with fins, I expect that selling 180 "gold bars" wont bring in that much money once they finally grow out in a few years time. Thoughts anyone?
Heh, at least my $500 gamble is now $680.... :dance:
prawn_86
Mod: Call me Dendrobranchiata
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Re: CSS - Clean Seas Tuna
It's about the process. No one has been able to breed them in captivity before, so if they can grow them out to full size, even with a small amount, then in theory it should be fairly scalable.
As far as i understand they didnt make it to manufactured food or sea cages last year, so if they survive it shows another step in the direction they are pursuing
It's about the process. No one has been able to breed them in captivity before, so if they can grow them out to full size, even with a small amount, then in theory it should be fairly scalable.
As far as i understand they didnt make it to manufactured food or sea cages last year, so if they survive it shows another step in the direction they are pursuing
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Re: CSS - Clean Seas Tuna
I'm pissed.. i sold my position last week for a $0 profit.. however i did make a little this morning on a quick trade..
Good news as its one step from lastyear! lets see how they continue to go. looks like your gamble might get better
I'm pissed.. i sold my position last week for a $0 profit.. however i did make a little this morning on a quick trade..
Good news as its one step from lastyear! lets see how they continue to go. looks like your gamble might get better
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Re: CSS - Clean Seas Tuna
Every time CSS seems to have "good news", the SP goes up quickly but then goes back to exactly where it was before. I wouldn't be surprised if the SP goes down to 13c by the end of the week.
Every time CSS seems to have "good news", the SP goes up quickly but then goes back to exactly where it was before. I wouldn't be surprised if the SP goes down to 13c by the end of the week.
