Really? Have you read the announcement, they're hanging by a thread. Kakapo are a parrot, they have wings...but can't fly and are faced with extinction. Fitting, eh. Maybe they should rebrand as Seaparrot?
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I may have missed it, but has there been any mention of sales of fish meal by-product?
Just caught up with the latest market update. It would seem they have plans in place for ..... the next 12 months .. ?? Can that be right ?? 12 months of .. supplies, orders, sales forecasts ... etc. Some funding needed during the course of the year. Fair enough. All in all not too bad for a company some 'pundits' thought would be looooong gone by now ...
Sales are still really light. 100 tonnes of tuna oil is worth @$148,000 USD, if they managed to get that price. The volume of 400 tonnes would be worth $592,000 USD. (price based on commodity index)
https://www.nzx.com/announcements/317520
What a disaster of a business and company.
Another big whopping loss.
Another capital raising required.
Announcement of yet another 'deal' subject to SEA meeting quality and specification requirements - freaking heck, they have been at this for so long that supply quality and specifications should be automatic!
A back door job.
Progress is being made they say Balance