CSS - Clean Seas Seafood
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Re: CSS - Clean Seas Tuna
Apperaed to be some buying yesterday. Could that be in anticipation of an announcement coming soon. Assuming that the trials for their fingerling growout is proceeding as planned when can we expect an update on proceedings? Is it going to be better than in the past where mortality rates were very high or can we expect an improved performance thus a half-decent announcement?
Waiting...........waiting..............
Who can really tell but this could be the prelude to a capital raising announcement?
Apperaed to be some buying yesterday. Could that be in anticipation of an announcement coming soon. Assuming that the trials for their fingerling growout is proceeding as planned when can we expect an update on proceedings? Is it going to be better than in the past where mortality rates were very high or can we expect an improved performance thus a half-decent announcement?
Waiting...........waiting..............
Who can really tell but this could be the prelude to a capital raising announcement?
Re: CSS - Clean Seas Tuna
Finally an announcement
Not a catastrophic one but one that underlines the fact that commercuialisation is a fair way off yet. The reasearch and development continues and eventually they will be seeking money but this looks likely to happen at a much later date after a more detailed announcement on their progress to date.
Any thoughts
Finally an announcement
Not a catastrophic one but one that underlines the fact that commercuialisation is a fair way off yet. The reasearch and development continues and eventually they will be seeking money but this looks likely to happen at a much later date after a more detailed announcement on their progress to date.
Any thoughts
Re: CSS - Clean Seas Tuna
I thought it was as good as we could have expected given the information that had been released so far. They have completed the lifecycle of the SBT. All they need now is to show they can do it in commecial quantities.
I agree that a capital raising is still a way off. They have plenty of cash to do what they need to do for the next year at least.
I thought it was as good as we could have expected given the information that had been released so far. They have completed the lifecycle of the SBT. All they need now is to show they can do it in commecial quantities.
I agree that a capital raising is still a way off. They have plenty of cash to do what they need to do for the next year at least.
pixel
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Re: CSS - Clean Seas Tuna
The first batch of 90 fish transferred to sea was joined by 65 more; so now they have 85 survivors - yet they claim a mortality rate of only 2%? Is that 2% per day or week???
Seems Ms Marquette is just as confused: early buying gave way to selling, albeit on high volume. And we finished at the end of day on the same 15c as was traded for weeks.
My first thought was, they can't do Maths.
The first batch of 90 fish transferred to sea was joined by 65 more; so now they have 85 survivors - yet they claim a mortality rate of only 2%? Is that 2% per day or week???
Seems Ms Marquette is just as confused: early buying gave way to selling, albeit on high volume. And we finished at the end of day on the same 15c as was traded for weeks.
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Re: CSS - Clean Seas Tuna
In my opinion, the spawning and transfer to sea pens would be disappointing to CSS. They, like myself , would have been hoping for a more significant quantity of fingerlings from this years trials. I would describe this years achievement as " underwhelming".
The successful transfer to sea pens is an achievement but I think this has been more due to improved infrastructure and quality control ( incubation tanks, filtering systems, feeding protocols etc. ) rather than a better understanding of what is required to achieve a commercial quantity of fingerlings.
I have reduced my holding on today's news as there is still a very long way to go before commercial quantities of SBT will be realised. I am not confident this will be achieved next season.
As for a Cap raising, they will try to hold out to next years spawn but YTK sales and profitability will have to be supportive.
I will maintain a minority holding for the time being and review my position as the year unfolds.
Note- I have reduced my holding in CSS. The above is my opinion only and not based on any factual information. DYOR.
In my opinion, the spawning and transfer to sea pens would be disappointing to CSS. They, like myself , would have been hoping for a more significant quantity of fingerlings from this years trials. I would describe this years achievement as " underwhelming".
The successful transfer to sea pens is an achievement but I think this has been more due to improved infrastructure and quality control ( incubation tanks, filtering systems, feeding protocols etc. ) rather than a better understanding of what is required to achieve a commercial quantity of fingerlings.
I have reduced my holding on today's news as there is still a very long way to go before commercial quantities of SBT will be realised. I am not confident this will be achieved next season.
As for a Cap raising, they will try to hold out to next years spawn but YTK sales and profitability will have to be supportive.
I will maintain a minority holding for the time being and review my position as the year unfolds.
Note- I have reduced my holding in CSS. The above is my opinion only and not based on any factual information. DYOR.
Re: CSS - Clean Seas Tuna
I personally think that they have made very good in-roads. We would all have liked to see quantities increased. baby steps first. This is far better than upping the quantities only to see massive quantities die due to transfer. CSS cannot afford to make many mistakes as they will be severely punished by share holders. I think thye key word is "TRIALS"
Now that they have achieved a small success their skills and expertise will now be tested when the quantities increase.
Interesting times ahead and hopefully the YTK sales can support this venture.
I personally think that they have made very good in-roads. We would all have liked to see quantities increased. baby steps first. This is far better than upping the quantities only to see massive quantities die due to transfer. CSS cannot afford to make many mistakes as they will be severely punished by share holders. I think thye key word is "TRIALS"
Now that they have achieved a small success their skills and expertise will now be tested when the quantities increase.
Interesting times ahead and hopefully the YTK sales can support this venture.
Sdajii
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Re: CSS - Clean Seas Tuna
I don't know why this is being called a first time completion of the life cycle. They got further than this two years ago, it's just the first time they've done it since 2009. Close to 100% mortality in 2009 at this stage (and a full 100% at a slightly later stage), full 100% mortality in 2010 before they got this far), and again we're seeing close to 100% mortality this year, perhaps they'll get a few dozen fish to saleable size (which would be a first, even if it was only one fish), but they're still dying and a few dozen is all that's left.
The only first this year is the transfer to sea cages (which yes, is somewhat cool). In typical CSS style, the report is vague. Is it a 2% mortality rate or is it a cleverly hidden mortality rate which is much higher? They had 90, added 65 and now have 85. Even if we assume that the 65 were included in the original 90 (which meant they were exaggerating earlier), they only have 85, and five deaths out of 90 fish is around triple 2% If we read it as they said it, they've lost 70 fish out of the 155 they got to fingerling stage, which is closer to a 50% mortality rate since then.
Their numbers don't add up.
This is typical of CSS. If they had nothing to hide and things actually were going well they'd just say "We started with x, y happened and now we have z" rather than several years of smoke and mirrors. This company and the fact that some give them any credibility just boggles me, and the greatest value it serves me is as a benchmark for how bad a company's behaviour can be and still get away with it, giving me an idea of how much skepticism to view other companies with.
I don't know why this is being called a first time completion of the life cycle. They got further than this two years ago, it's just the first time they've done it since 2009. Close to 100% mortality in 2009 at this stage (and a full 100% at a slightly later stage), full 100% mortality in 2010 before they got this far), and again we're seeing close to 100% mortality this year, perhaps they'll get a few dozen fish to saleable size (which would be a first, even if it was only one fish), but they're still dying and a few dozen is all that's left.
The only first this year is the transfer to sea cages (which yes, is somewhat cool). In typical CSS style, the report is vague. Is it a 2% mortality rate or is it a cleverly hidden mortality rate which is much higher? They had 90, added 65 and now have 85. Even if we assume that the 65 were included in the original 90 (which meant they were exaggerating earlier), they only have 85, and five deaths out of 90 fish is around triple 2% If we read it as they said it, they've lost 70 fish out of the 155 they got to fingerling stage, which is closer to a 50% mortality rate since then.
Their numbers don't add up.
This is typical of CSS. If they had nothing to hide and things actually were going well they'd just say "We started with x, y happened and now we have z" rather than several years of smoke and mirrors. This company and the fact that some give them any credibility just boggles me, and the greatest value it serves me is as a benchmark for how bad a company's behaviour can be and still get away with it, giving me an idea of how much skepticism to view other companies with.
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Re: CSS - Clean Seas Tuna
Tell me, are you as opinionated about companies you do like? I would think even more so...
Tell me, are you as opinionated about companies you do like? I would think even more so...
Sdajii
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Re: CSS - Clean Seas Tuna
Tell me, does any of my previous post not make sense?
In any case which is as blatantly obvious as CSS is, one way or the other, it's easy to have a firm opinion. If there were companies as good as CSS is bad, yes, I'd be equally opinionated about them, though probably not quite so outspoken (because hey, I'd be wanting to buy as much as I could as cheaply as possible ). Of course, a company that good would quickly become heavily bought and thus not so great an investment anyway.
Unfortunately it's easier to find a crap company to lose your money on than it is to find a brilliant company to make heaps of money on. Case in point
Tell me, does any of my previous post not make sense?
In any case which is as blatantly obvious as CSS is, one way or the other, it's easy to have a firm opinion. If there were companies as good as CSS is bad, yes, I'd be equally opinionated about them, though probably not quite so outspoken (because hey, I'd be wanting to buy as much as I could as cheaply as possible
). Of course, a company that good would quickly become heavily bought and thus not so great an investment anyway.Unfortunately it's easier to find a crap company to lose your money on than it is to find a brilliant company to make heaps of money on. Case in point
Re: CSS - Clean Seas Tuna
A lot of changes have happened with CSS in recent years. Give them credit where credit is due and yes knock them when they deceive us.
I was not very happy with their last announcement because of what might have been left out. This will surface in due time but who knows what the sp will do in the meantime. I hold these stocks but............................
A lot of changes have happened with CSS in recent years. Give them credit where credit is due and yes knock them when they deceive us.
I was not very happy with their last announcement because of what might have been left out. This will surface in due time but who knows what the sp will do in the meantime. I hold these stocks but............................
Re: CSS - Clean Seas Tuna
Looks like the market has responded negatively to their last announcement. I presume a lot of people have done their maths and nobody came up with a result like they did..........2% mortality. The mind boggles on how a company can put up a result like that and all the info we are given just does not make sense.
Is there more info to come that could clarify this?
Looks like the market has responded negatively to their last announcement. I presume a lot of people have done their maths and nobody came up with a result like they did..........2% mortality. The mind boggles on how a company can put up a result like that and all the info we are given just does not make sense.
Is there more info to come that could clarify this?
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Re: CSS - Clean Seas Tuna
Check the latest media article on the AdelaideNow site - http://www.adelaidenow.com.au/ipad/south-australian-company-fined-over-bizarre-dive/story-fn6bqphm-1226039304554
Strating to think they might be more successful breading Clown Fish...
-Liar-
Check the latest media article on the AdelaideNow site - http://www.adelaidenow.com.au/ipad/south-australian-company-fined-over-bizarre-dive/story-fn6bqphm-1226039304554
Strating to think they might be more successful breading Clown Fish...
-Liar-
pixel
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Re: CSS - Clean Seas Tuna
And no matter what the current crop of nanny-state ambulance chasers say: This guy was drunk as a skunk when he dived into the cage to "rescue" some dead fish. The mind boggles!
Anyway, even the judge commented along those lines - but he had to fine the company $27,000 under a law that rewards stupidity.
As a positive result, CSS now have a zero tolerance drug and alcohol policy.
How relevant is an incident today that happened in 2007 ?
And no matter what the current crop of nanny-state ambulance chasers say: This guy was drunk as a skunk when he dived into the cage to "rescue" some dead fish. The mind boggles!
Anyway, even the judge commented along those lines - but he had to fine the company $27,000 under a law that rewards stupidity.
As a positive result, CSS now have a zero tolerance drug and alcohol policy.
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Re: CSS - Clean Seas Tuna
2% mortality rate is probably from the time they began transport to cages to when they hit the water. 2% in-transit loss. Not a particularly telling ratio, and insignificant compared to larval loss and other issue-specific mortality rates, but I am sure it is the best ratio they could prove and put to print. Grow tuna, grow!
While I hear demand for Kingfish at css is up, has there been any recent pen-to-paper action which would mean pending sales increases? Anything in the can, or speculation only?
2% mortality rate is probably from the time they began transport to cages to when they hit the water. 2% in-transit loss. Not a particularly telling ratio, and insignificant compared to larval loss and other issue-specific mortality rates, but I am sure it is the best ratio they could prove and put to print. Grow tuna, grow!
While I hear demand for Kingfish at css is up, has there been any recent pen-to-paper action which would mean pending sales increases? Anything in the can, or speculation only?
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Re: CSS - Clean Seas Tuna
The key comment in today's announcement is the quantity of remaining fingerlings which are now down to 55. This implies a mortality rate of approx 35% which is way beyond what I was expecting at this stage of development, this, in addition to the mortality rate of larvae is a major concern in my view. I simply can't see them progressing beyond research propogation for many years. They will need hundreds of broodstock to even consider commercial production at these mortality rates.
The key comment in today's announcement is the quantity of remaining fingerlings which are now down to 55. This implies a mortality rate of approx 35% which is way beyond what I was expecting at this stage of development, this, in addition to the mortality rate of larvae is a major concern in my view. I simply can't see them progressing beyond research propogation for many years. They will need hundreds of broodstock to even consider commercial production at these mortality rates.
Re: CSS - Clean Seas Tuna
The brrodstock is small indeed and if they put this all down to research and development then yes there is a hell of a long way to go and it's going to cost heaps.
Not happy with mortality rates and the sp will reflect that after they have absorbed the dissapointing announcement
The brrodstock is small indeed and if they put this all down to research and development then yes there is a hell of a long way to go and it's going to cost heaps.
Not happy with mortality rates and the sp will reflect that after they have absorbed the dissapointing announcement
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Re: CSS - Clean Seas Tuna
I have decided to exit CSS entirely as the poor SBT propagation, rampaging australia dollar and precarious financial position is taking it's toll on CSS.
Additionally, i have been watching AAC for some time with a view to invest. The recent Capital Raising has provided an opportunity to purchase at fair value, in my view.
I have committed additional funds from the sale of CSS to AAC.
TGR remains my only exposure to the aquaculture space for the time being.
Disclosure - No longer invested in CSS. Invested in AAC today. LT Hold TGR.
Note - I will continue to watch CSS.
I have decided to exit CSS entirely as the poor SBT propagation, rampaging australia dollar and precarious financial position is taking it's toll on CSS.
Additionally, i have been watching AAC for some time with a view to invest. The recent Capital Raising has provided an opportunity to purchase at fair value, in my view.
I have committed additional funds from the sale of CSS to AAC.
TGR remains my only exposure to the aquaculture space for the time being.
Disclosure - No longer invested in CSS. Invested in AAC today. LT Hold TGR.
Note - I will continue to watch CSS.
