CSS - Clean Seas Seafood

sashimi · 19 April 2009

Re: CSS - Clean Seas Tuna

Good Day to Everyone
I am extremly interested in buying shares in CSS.
I have my own instinct on this tuna business and there is no real possiblity in my mind of this venture failing. It is only a question of time and money.

In fact i am intersted in completing the same task in New Guinea and or the Solomon Islands. but in relation to yellowfin tuna. My ship is currently on station in New Guinea waters while I increase my capital base for the next stage of development.

It seems this is a very knowledgeable forum and it definately has my attention and I would like to develop relationships with people who may or may not help

truevalue · 20 April 2009

Re: CSS - Clean Seas Tuna

The game is on! SBT fingerlings have been announced. This is fantastic news and a huge breakthrough for the company. Well done Clean Seas!!!

FI$H · 20 April 2009

Re: CSS - Clean Seas Tuna

that's good news...

apparently they plan to accelerate commercialization now. we'lll have to wait and see what that exactly means.

tge oracle · 20 April 2009

Re: CSS - Clean Seas Tuna

Yes, excellent news. Congratulations to everybody involved.
It is a significant achievement and now leaves no doubt, in my mind , that successful commercial propogation will be achieved next summer.
I am also awaiting more details on the actual quantity produced and whether there is more to come as the later spawning events will still be at the mature larvae stage.
I suspect CSS are awaiting actual fingerling numbers in order to determine the scale of capital investment required for the next stage of the process. I would anticipate this being released sometime late May.

tge oracle · 20 April 2009

Re: CSS - Clean Seas Tuna

sashimi said:
Good Day to Everyone
I am extremly interested in buying shares in CSS.
I have my own instinct on this tuna business and there is no real possiblity in my mind of this venture failing. It is only a question of time and money.

In fact i am intersted in completing the same task in New Guinea and or the Solomon Islands. but in relation to yellowfin tuna. My ship is currently on station in New Guinea waters while I increase my capital base for the next stage of development.

It seems this is a very knowledgeable forum and it definately has my attention and I would like to develop relationships with people who may or may not help

Welcome to the forum Sashimi, it would appear you also have considerable knowledge of the Tuna industry.

As for your yellowfin project, it sounds interesting. I will keep an eye on your updates and any other relevant information you post. I have my hands full at the moment with the many listed entity opportunities the GFC has provided us with. I am not in a position to research unlisted entities that require venture capital for the time being.

I will say one thing, you are on the right track with aquaculture it is certainly an industry of the future and I wish you luck.

FI$H · 20 April 2009

Re: CSS - Clean Seas Tuna

tge oracle said:
Yes, excellent news. Congratulations to everybody involved.
It is a significant achievement and now leaves no doubt, in my mind , that successful commercial propogation will be achieved next summer.
I am also awaiting more details on the actual quantity produced and whether there is more to come as the later spawning events will still be at the mature larvae stage.
I suspect CSS are awaiting actual fingerling numbers in order to determine the scale of capital investment required for the next stage of the process. I would anticipate this being released sometime late May.

I'm very optimistic about the achieved quantity. They can't drop a bomb like today's one just to tell people that they had only a dozen fingerlings in total. Also the release came a bit earlier than expected. They wouldn't have done this if all their hopes for decent fingerling numbers were based on the last batch of larvae. I wonder why the price retreated from its high at 80c today. I expect significant upside for the days to come and people who sold today will kick themselves . How come that there wasn't any suspicious activity in the past days? Should that make me nervous ?

truevalue · 20 April 2009

Re: CSS - Clean Seas Tuna

FI$H said:
I'm very optimistic about the achieved quantity. They can't drop a bomb like today's one just to tell people that they had only a dozen fingerlings in total. Also the release came a bit earlier than expected. They wouldn't have done this if all their hopes for decent fingerling numbers were based on the last batch of larvae. I wonder why the price retreated from its high at 80c today. I expect significant upside for the days to come and people who sold today will kick themselves . How come that there wasn't any suspicious activity in the past days? Should that make me nervous ?

Fish the stock fell on very small volume today. There was 390k shares traded and the stock was trading at 76c when suddenly someone decided to sell 50k shares late in the day and hit the bid down to 70c in one hit. The match volume was only 6k shares at 69.5. Both thoses trades were very strange as good volume was going through and I believe both sellers would have gotten 75c if they had just placed them on the offer.

This was a very significant milestone for CSS and as it gets more press(I am yet to see the Financial Review print anything on CSS) then I believe investors will understand just how important it is.

FI$H · 20 April 2009

Re: CSS - Clean Seas Tuna

truevalue said:
This was a very significant milestone for CSS and as it gets more press(I am yet to see the Financial Review print anything on CSS) then I believe investors will understand just how important it is.

There is no doubt in my mind that we haven't seen the real big push yet. I think that we'll see a shortage of sellers tomorrow and the days after

tge oracle · 20 April 2009

Re: CSS - Clean Seas Tuna

FI$H said:
There is no doubt in my mind that we haven't seen the real big push yet. I think that we'll see a shortage of sellers tomorrow and the days after

Fish / Truevalue,

Don't worry about the day to day fluctuations in the share price, it really is immaterial in the long run. We have all been through the wild rides before, in fact, with much larger gyrations and you guy's have stuck it out throughout........I think!.

Anyway, the present caution with CSS is entirely predictable. They dissapointed investors ,last year, with their lack of disclosure details. It will take some time for the bigger players to regain confidence, as it did with myself.

One of the many measures I use for investing is honesty, ethics and accuracy of information. CSS , not intentially in my view, were remiss in this area last year. They are new to the public arena but I do believe they have learned from their mistakes. Investor confidence is everything and I think Hagen knows this now.

Short term investors will inevitably sell on the news but the real gains come in the months and years that follow.

Disclosure - I am a long term holder and intend to fully participate in any future capital raising as the final hurdle for my risk profile of CSS has finally been overcome.

FI$H · 20 April 2009

Re: CSS - Clean Seas Tuna

I'll stay invested for a while, I guess. How long does it take to grow a fingerling to 25-40kg and how does the FCR compare to YTK?

FI$H · 21 April 2009

Re: CSS - Clean Seas Tuna

I'm a little disappointed I have to say. I anticipated a price in excess of 1$.There's something fishy about the market reaction. I'm a long-term investor and don't care about day-to-day prices changes. But wow do you source 100 million from existing shareholders if market cap is only just over 100 million?

sashimi · 21 April 2009

Re: CSS - Clean Seas Tuna

FI$H said:
I'll stay invested for a while, I guess. How long does it take to grow a fingerling to 25-40kg and how does the FCR compare to YTK?

15kg per year would be a good starting point. A lot will depend upon the daily feeding process because no matter which way you look at it, in the end it has to become cost effective. The color of the flesh may well become an issue.

Even though these are exciting times in this adventure I do not think it is possible to restock the wild population from Port Lincoln.

I believe for an entirely successful breeding outcome for this kind venture should be nearby the natural spawing grounds. and that puts the Med. project at a significate advantage.

There is no existing commercial market for fingerlings here in Australia but the restaurant trade around the Med. sea provides a significantly different market opportunity especially for fingerlings.

truevalue · 21 April 2009

Re: CSS - Clean Seas Tuna

FI$H said:
I'm a little disappointed I have to say. I anticipated a price in excess of 1$.There's something fishy about the market reaction. I'm a long-term investor and don't care about day-to-day prices changes. But wow do you source 100 million from existing shareholders if market cap is only just over 100 million?

Fish, they dont need $100m in equity just $50-$60m and they dont need that now but "by 2013". They are likely to raise a portion of that soon ($15-$20m). The rest of the funding ($40-50m) will come from bank debt.

There is an analyst running around saying they are raising $100m now but that is completely wrong and the guy should really speak to the company.

FI$H · 21 April 2009

Re: CSS - Clean Seas Tuna

I researched a few older presentations where I found answers to some of my questions:

"Company will invest up to 100 million progressively through to 2013"

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00945300

"Market advised that a further 100 million in funding required over the next 2-3 years."

"... a dry SBT pellet capable of producing a 2.5-3.5 FCR"

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00885142

"... (SBT) spawn between September and March ..."
"... fingerling grow to 15kg over next 2 years ..."
"... grown out in sea cages for 6-8 months to 30-40kg.."

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00841106

FI$H · 22 April 2009

Re: CSS - Clean Seas Tuna

This was in the news today:

Mr Stehr said it was possible the larvae the company had in its tanks now could be the first fish grown out in sea cages. Either way he said the company would now press ahead with its plans for commercialisation of the fish, probably in November this year.

http://portlincoln.yourguide.com.au...al/growout-success-at-clean-seas/1491993.aspx

Basilica · 23 April 2009

Re: CSS - Clean Seas Tuna

I also think Hagen and the team are doing well.
I would love to know the number of fingerlings.
(Hagen, if you are reading this please PM me answer)
I still think even a hundred fingerling will be a success.
Does any one know what Pre-Commercial production means in this context?
I asume that is what was predicted to begin in November.
Is it just a fancy name for limited grow out trial?

Welcome to the Forum Sashimi

FI$H · 23 April 2009

Re: CSS - Clean Seas Tuna

Basilica said:
I also think Hagen and the team are doing well.
I would love to know the number of fingerlings.
(Hagen, if you are reading this please PM me answer)
I still think even a hundred fingerling will be a success.
Does any one know what Pre-Commercial production means in this context?
I asume that is what was predicted to begin in November.
Is it just a fancy name for limited grow out trial?

Welcome to the Forum Sashimi

Did Hagen PM you already?
To produce ~5000t you'd probably need ~250 000 fingerlings. I think they define 10% of that as pre-commercial.

Basilica · 23 April 2009

Re: CSS - Clean Seas Tuna

sashimi said:
Good Day to Everyone
I am extremly interested in buying shares in CSS.
I have my own instinct on this tuna business and there is no real possiblity in my mind of this venture failing. It is only a question of time and money.

In fact i am intersted in completing the same task in New Guinea and or the Solomon Islands. but in relation to yellowfin tuna. My ship is currently on station in New Guinea waters while I increase my capital base for the next stage of development.

It seems this is a very knowledgeable forum and it definately has my attention and I would like to develop relationships with people who may or may not help

What is your plan Sashimi, Grow out of wild catch in cages? Breeding?
I think it is a healthy attitude to assume any company can fail. Value is all about risk vs return. I think "No real possability" is a little too confident in these troubling times.

Basilica · 23 April 2009

Re: CSS - Clean Seas Tuna

FI$H said:
Did Hagen PM you already?
To produce ~5000t you'd probably need ~250 000 fingerlings. I think they define 10% of that as pre-commercial.

Sorry Fi$h but i promised not to tell anyone.

Even 10% of that is big time. Even 1000 could prove the concept and may not even need a capital raising until the market improves.

FI$H · 23 April 2009

Re: CSS - Clean Seas Tuna

Well, please congratulate him on my behalf then.

Capital raising is indeed not ideal given the current share price. Maybe it's best to take on debt and pay the interest from YTK profits till SBT sales commence. I wish governments would pump a rather small amount of money in prospective and innovative small caps to get them on their feet instead of funding the funeral of blue chips.

CSS - Clean Seas Seafood

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