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CSS - Clean Seas Seafood

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Re: CSS - Clean Seas Tuna

technical break-out? sorta kinda.....even tho we need to finish green above 3's to call a b/o, what we really need to see is bid pressure minus the news no matter how good, i want to see pure demand kick in without the excuse, because once the pdf's and releases are done the energy needs to self combust

i'm long yesterday as per tweet
 
Re: CSS - Clean Seas Tuna

The announcement and subsequent media barrage is all about enticing retail investors into CSS. Major aquaculture investors and institutions will steer well clear of CSS.
BBY's comments in Fairfax media about CSS were blatant stock pumping - quote "CSS will get back to being a money-making business … [and] potentially a takeover target". Fairfax should have made BBY disclose their commercial relationship with CSS as they are currently trying to find a foundation investor/buyer for the business and will also be involved in any future cap. raising.
The issue of legal action and compensation for the taurine deficiency is nothing more than providing false hope to investors. Even Foster admits that it is "their opinion only" , he made no mention of this potential legal action in an interview with Ross Greenwood tonight.
The only hope for CSS is if they are able to convince enough retail investors to back another cap raising. The risk is immense, that's why Frode Tiegen is selling out.
For those of you tempted to invest....be prepared to lose it all!

disc - not invested, opinion only and not based on any factual information .DYOR.
 
Re: CSS - Clean Seas Tuna

a double break-out ? Again, sorta kinda.....technically we are at the real point of decision as todays move reaches 100% of the Sept 10th to 18th low to high.....such relationships are often signs of a larger interruption to trend, which has been down weekly basis......using a different technical approach we are also right at the strongest point of price structure where any move above todays high of 035's will bring conviction from players who are sitting and watching for either a confirmation with a double break-out or they may act when they see more buy-side volume, a genuine sense of conviction.....todays depth appears to favour the buy-side

chart courtesy Twiggs

Twiggs CSS 261112.jpg
 
Re: CSS - Clean Seas Tuna

At the end of the day it will all come down to the fundamental’s Joules.

Many of the large trades in CSS are NXXT trades. This means that the buyer and seller are the same person/trading account.

Anyway, being a fundamental investor I can’t understand why even the most star struck retail investor would purchase more than $ 500 worth of shares ( ASX minimum holding balance ) as a Cap raising is a “lay down misere” which will be massively discounted and ,probably, with a $ 15,000 entitlement.
At least if it goes belly up you have only dropped $ 500.
Having said that, you could save risking the $ 500 to wait post Cap raising and pick up a parcel on market, the shares will be significantly discounted and there would likely be more information on how things are going by then.
Either way, they are going to require significant funds to re-build the YTK business as many of the assets have, or, are being sold off. I am not convinced that they can turn this in to a profitable entity as they have had 7 long years to make YTK profitable and haven’t been able to do so.

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

tge oracle said:
At the end of the day it will all come down to the fundamental’s Joules.

Many of the large trades in CSS are NXXT trades. This means that the buyer and seller are the same person/trading account.

Anyway, being a fundamental investor I can’t understand why even the most star struck retail investor would purchase more than $ 500 worth of shares ( ASX minimum holding balance ) as a Cap raising is a “lay down misere” which will be massively discounted and ,probably, with a $ 15,000 entitlement.
At least if it goes belly up you have only dropped $ 500.
Having said that, you could save risking the $ 500 to wait post Cap raising and pick up a parcel on market, the shares will be significantly discounted and there would likely be more information on how things are going by then.
Either way, they are going to require significant funds to re-build the YTK business as many of the assets have, or, are being sold off. I am not convinced that they can turn this in to a profitable entity as they have had 7 long years to make YTK profitable and haven’t been able to do so.

Disc – Not invested, opinion only and not based on any factual information. DYOR.
Click to expand...

the word "it" in a post always makes me scratch my head when the word "it" is at best an abstract summation that can mean a truck load of things, none of which, in this instance, are clear......

a cupla things about this:
the buyer and seller are the same person/trading account.
Click to expand...
are you guessing that or do you have clear proof? even if that's true how do you know the trades arent for clients and what difference do you think it makes to traders who arent trading the way you trade?

price is doing what price is doing.....seems simple enough to me.....buy low sell high.....so, from my pov, there is no "it" comes down to unless you ask appropriate questions applicable to the method being used to trade.......

Disc - i am long the stock, imho, based on method of trade

thanks for the convo
 
Re: CSS - Clean Seas Tuna

This is what I posted in the hypothetical trade thread a few days ago.

I'm in at 3.2c. My stop is moved up to 2.9c.

I originally had a buy at 2.6c but unfortunately it gapped up and I cancelled it.

css.png
 
Re: CSS - Clean Seas Tuna

Joules,

When I say " it " it is in the context of CSS' fate ( i.e. their destiny ).

Check the ASX website for various cross trade definitions.
If I were a betting man I would put my money on Frode Tiegen being on both sides of the trade. This is perfectly legal it just lets other investors know that a buyer may also be a seller, and vice versa. The ASX is trying to make the market as transparent as possible. In the case of CSS, I believe, there has been an inordinate amount of XT and NXXT trades over the past year or so. A previous post, of mine, eluded to this fact a year ago.

Bye the way, I am not trader by choice although I have inadvertently done so with CSS. I would much rather buy and hold, preferably, indefinitely.




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

a break of the 035's level looks likely now and should bring a lift in buy-side volume.....
:popcorn:
 
Re: CSS - Clean Seas Tuna

Reached 0.04 today only to fall off in the last minutes of trading.

Pushed through the 0.035.

I wonder how this will behave tomorrow.
 
Re: CSS - Clean Seas Tuna

i still see reasons to think we're leaning north......mostly that today saw selling into the opening strength but the sales were by few accounts even tho they were sizeable relative to the buys.....so while the price is not being pushed upwards, we have a U shaped day that tends to fit the bullish side......
 
Re: CSS - Clean Seas Tuna

I'm still holding. I've moved my stop to break even at 0.032. I'm hoping the consolidation at around 0.040 on decreasing volume will lead to another push up. If not I've got my risk management in place. Interested to see.

css2.png
 
Re: CSS - Clean Seas Tuna

discretionary bids still stepping across the great divide to buy CSS....it's not huge volume, not yet and no one is rushing into the trend......the bid side is def the pressure side....buyers are also hesitant because of that spread and sell volume is required or price stagnates so buys taken now maybe a good sign of people who are willing to wait for their capital to gain

there is no law that says a trend can't climb on thin volume, the only question is risk....

i think we would see much more active sell-side activity if older holders were trying to exit at the best-price they think they could get (in their opinion) before price descends again

a lot of belief for this stock by those holders....
 
Re: CSS - Clean Seas Tuna

This is obviously a very tightly held stock. For years the company was hideously mismanaged, lied to shareholders, failed in just about every way imaginable, and crashed in share price. Anyone but the most die hard true believers or stubborn holders who just won't exit on a loss were shaken out years ago, so it's no surprise if there is a lack of sellers.

My guess is that the buyers are mostly long term holders who are taking the opportunity to put a fraction more money in to give themselves multiples of their holdings, even if they have to jump the buy/sell price gap. It's difficult to imagine too many new people coming along and thinking this is a good company to buy into.
 
Re: CSS - Clean Seas Tuna

21/12/12 Not the end of the world as predicted ,but surely the end of Southern Bluefin Tuna Propagation.
What a painful disappointment for the many faithful investors !!!!!

"Although this season’s trials saw early SBT spawnings commence in October 2012 as scheduled, the volume and quantity of fertilised eggs produced to date has been disappointing compared to prior seasons. Consequently, the Company does not expect to be able to transfer fingerlings to sea cages for experimental grow out early enough in the season, to achieve the Company’s second goal of SBT juvenile winter survival.

To this background, and given the Company’s limited financial resources and need to preserve liquidity, the Company anticipates suspending its Tuna Propagation Program for at least the 2013/14 summer, and to direct its limited financial resources to its Yellowtail Kingfish operations.

Whilst the Company continues to believe in the commercialisation potential of the successful closure of the SBT lifecycle, investment beyond the Company’s current financial resources will be required for this goal to be achieved. To this background, the directors believe it prudent to write down the significant investment in this project as at 31 December 2012 to an estimated net realisable value, in case the funding is not available in the future to re‐activate this program. The net impact on 1H 2013 results is likely to be in the order of $30 million, a non‐cash outgoing. "
 

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