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CSS - Clean Seas Seafood

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Re: CSS - Clean Seas Tuna

Not a lot of people are happy with the way things are tracelling with CSS. The rising dollar will certainly have a negative impact as will the high oil prices. I see the Aussie dollar retracting to around the 95c mark by year end and the oil price also coming off its highs. These are positive for CSS but as for their poor SBT propagation..........this could be the determining factor in keeping their SP at all time lows.

They will need copious amounts of money in order to succeed and a capital raising exercise could be sooner than later.

Only just holding on..............could this be the fish that got away???
 
Re: CSS - Clean Seas Tuna

13 May 2011
In light of the pleasing results outlined to the market on 29 April 2011 in regards to the progress of the Clean Seas Tuna (CSS) Southern Bluefin Tuna breeding programme, the Directors of CSS are pleased to provide shareholders with a collage of photographs taken over the past three spawning years.
Shareholders can also find a short video of the current living juvenile tuna in their sea cage by visiting the company's website www.cleanseas.com.au under the News and Media section - YouTube Channel, or at http://www.youtube.com/watch?v=6XNsqUi445E
 
Re: CSS - Clean Seas Tuna

Photos are always nice to look at but the fact remains that this bunch has a long way to go to get to commercialisation. Only a few fish have made it thus far. I am a holder and will continue becuase of the thematics behind it all
 
Re: CSS - Clean Seas Tuna

The key information in today's presentation is the commentary regarding a 2nd broodstock tank. I agree that they will need more broodstock but at current fingerling mortality rates they will need dozens of tanks, not just one.
The other factor for those of you still invested is that these tanks are very expensive to build, operate and maintain. This investment will require substantial funds in my view and will result in a significant Capital Raising further diluting existing shareholders, if it succeeds.
I am no longer invested but will watch with interest from the sidelines. There will be ample time to reinvest in the future as this 2nd tank won't be ready until the end of 2012 so next summers spawning will,once again, only be at research quantities.

Disclosure - Not invested, My opinion only and not based on any factual information.
 
Re: CSS - Clean Seas Tuna



Similar to tge oracle above, I'm not longer a holder of CSS, but will continue to watch them closely over the coming months, to years, to decades.

Although I believe they will one day become commercially successful, I also believe my capital can be better invested in other opportunities. In other words, plenty of fish in the sea (sorry, had to do it).

My opinion only (DYOR) - good luck to all holders and watchers.

-Liar-
 
Re: CSS - Clean Seas Tuna

Some late buying going on

anybody have any thoughts
 
Re: CSS - Clean Seas Tuna

Today's announcement confirms what I have always suspected and eluded too in an earlier post, Arno Bay is in the wrong location to successfully growout BFT. Quite simply, the water is too cold. SBT juveniles spend much of their early life in warm tropical waters , not the cold Southern Ocean.
As for their plans to continue research, be prepared to be disappointed. Any moves to expand tanks/infrastructure at Arno Bay would be futile in my opinion and would leave investors deeper out of pocket.

Not invested. Opinion only.
 
Re: CSS - Clean Seas Tuna

Still in R&D stage and attempting to right the wrongs. They plan to grow out the juveniles quicker and hopefully this can make a difference. Water temps only need to change 2 or 3 degrees to make a difference

holding and continue to accumulate
 
Re: CSS - Clean Seas Tuna

Haha! I just read the announcement! They're claiming success because they have SBT still alive at 150 days in sea cages. No numbers given, of course, and you could probably count them on your fingers.

Exaggerating is what this company always does (when it's not lying), but what I loved was that they said the fish were not expected to survive winter, so it's so wonderful that they did! Haha, if they weren't expected to survive winter why the heck did they run the project in this way? If we are to believe this announcement, it is an admission by the company that they actually planned/expected to fail!

As oracle says, the location is a problem. Even if the fish survive, the growth rates will be poor. The probably really need to be kept warm when young so that they can grow quickly, then kept cool for a while to improve texture and flavour.
 
Re: CSS - Clean Seas Tuna

Just incase you may have missed it,the mining side of things is gearing up around the eyre pen.
near cowell iron road want to start loading iron ore via a floating jetty system and centrex are going forward with the port project at sheep hill near tumby bay/port neil with the addition of a desal plant in the mix and a pipeline ,slurry system to load their ore.
Yes these projects may be 2-5years from starting (if all being well) but the insistance to stay at arno bay even if they overcome the "wrong spot to do it" inpost,could be the worst decision they make inlight of the potential for the habitat to change.....typical short sighted approch by this mob and good luck to holders.... your gunna need it IMO.
 
Re: CSS - Clean Seas Tuna

They would know the ramifications of this mining approaching their surrounds.........

I keep harping on the fact that these guys are still in the R&D phase and they will only be successfull if they take all things into consisderation. They might already have plans to close off Arno bay functions and look for somewhere unspoit. We just do not have all the info and they know this. That is why sometimes we are influenced into making UNINFORMED decisions because we are largely left out in th cold.
 
Re: CSS - Clean Seas Tuna


And the big problem is with "who's" money are they going to effect the possible needed change? Too many "grant",s have been "steered" in this direction and it is looking more like they "can't" "steer" their way out to get the needed capital....
 
Re: CSS - Clean Seas Tuna

Yes that is the big question...........if this stock gets to 15c they will probably pounce on another capital raising session. Too big to not succeed...........too much debt and holding value in assets. Just keep buying in when I can because lots to gain if successful. When is a long way away. Slowly slowly here...........until2015 and if things have not improved dramatically, all other things equal, then I will take my losses.

no big sp hikes.........too many people have been burnt in the past and are trading water here
 
Re: CSS - Clean Seas Tuna

The resignation of the CEO adds another layer of uncertainty to CSS. It doesn't look good when a CEO, supposedly in for the long haul, jumps ship when a company is about to embark on a new phase in it's development. I wonder if Mr Ashby has finally realised that SBT propagation and growout is years, probably decades away. He can obviously see greener pastures elsewhere!
 
Re: CSS - Clean Seas Tuna

That is certainly a possibility. Maybe he will be long gone by the time they get it right.
 
Re: CSS - Clean Seas Tuna

Another capital raising for CSS, I wonder when/if these guys will start to generate a positive return?
 
Re: CSS - Clean Seas Tuna

notting said:
They do. They get it from share holders.
Click to expand...
Not from me, they aren't getting any.
I sold first thing Wednesday morning while I could get 9 and 8.9c.
If they hold the price above 8c, I'll give it some consideration, otherwise I'll let my entitlement go to the 'keeper.

 
Re: CSS - Clean Seas Tuna

pixel said:
Not from me, they aren't getting any.
I sold first thing Wednesday morning while I could get 9 and 8.9c.
If they hold the price above 8c, I'll give it some consideration, otherwise I'll let my entitlement go to the 'keeper.

View attachment 45065
Click to expand...


There is no keeper Pixel, by that I mean there is no underwriter to this opportunistic raising. I note this is being pitched to retail investors with no mention of participation by institutional shareholders or the Stehr's and that's because , I believe , they wouldn't participate.
This sudden Cap raising also brings in to question the profitability of the YTK business.
They say they only need $5M, I bet they wish they could ask for more, problem is, that would spook the market.

Disc - Not invested, opinion only
 
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