SeaDragon

[RGR367]

I am a convert - you can not help but admire the resilience, determination and optimism of this committed management team.

Anyone of the the previous set backs would have sent lesser men fleeing but not these guys. Nope.

Massive losses, no sales, no sign of profitability - all just minor judder bars on the road to success as they set about purchasing container loads of raw material with nothing but strength of purpose and unwavering optimism to justify it.

Puts a lump in my throat...

They're not called SeaDragon for nothing

[Beagle]

They'll certainly be doing a lot of dragging on Comvita's cash flow and profit and loss account that's for sure...just at a time when Comvita have enough problems of their own to deal with.
Fish oil is fish oil...this one only for the committed believers who think Omega 3 fish oil is the bees knees. Trading at .6 of one cent suggests the viability of their business model is roughly about as good as IQE

[Apathy]

They'll certainly be doing a lot of dragging on Comvita's cash flow and profit and loss account that's for sure...just at a time when Comvita have enough problems of their own to deal with.
Fish oil is fish oil...this one only for the committed believers who think Omega 3 fish oil is the bees knees. Trading at .6 of one cent suggests the viability of their business model is roughly about as good as IQE

CVT are no longer a factor - pretty sure they are now under 10% stake so really are an irrelevant minor shareholder. They just have to take the remaining hit on their balance sheet.

[ari]

What % do the Stewart connection hold?

[Beagle]

CVT are no longer a factor - pretty sure they are now under 10% stake so really are an irrelevant minor shareholder. They just have to take the remaining hit on their balance sheet.

Dig some digging. They wrote of $2.8m in Sea Dragon options in the last reporting period to 31 December. Guess they know a dud when they see one.

[ari]

[QUOTE=

We now have a signed supply agreement for approximately 500,000 to 750,000 kg of CTO from the Indian Ocean over the next 12 months, along with agreed supply of approximately 500,000 to 1,000,000 kg from the South Pacific, South East Asia and South America. [/QUOTE]

And this from SeaDragon web site....Core value – Product of New Zealand
At SeaDragon, our locations means we are in the unique position of being able to provide New Zealand sourced and manufactured products to the world.

[podg]

And this from SeaDragon web site....Core value – Product of New Zealand
At SeaDragon, our locations means we are in the unique position of being able to provide New Zealand sourced and manufactured products to the world.

move on ari, move on ....

[ari]

move on ari, move on ....

Perhaps you have something to add PODG other than your cryptic comments.......

[podg]

Perhaps you have something to add PODG other than your cryptic comments.......

cryptic ?? hardly. you posted just yesterday ... nothing to see here .... move on. your words. all you need to do now is action those words ..... and move on. simple.

[Apathy]

cryptic ?? hardly. you posted just yesterday ... nothing to see here .... move on. your words. all you need to do now is action those words ..... and move on. simple.

Hard to move on while they keep providing such comedy - didn't they win an export report? Only exporting happening here is shareholder value!