wow checked this out the other day and it was 7.
tell me percy, what is it they do again? grind up cow bones and shark cartilage and turn it into supplements. or something?
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wow checked this out the other day and it was 7.
tell me percy, what is it they do again? grind up cow bones and shark cartilage and turn it into supplements. or something?
Yes,but they can do vacum drying,freeze drying and now they have added solvent extraction to their traditional portfolio of dried meat and marine products.
Solvent extraction can be used for marine [fish oil] and botanical extracts.Botanical includes any fruit such as blackcurrants or any vegetable ie carrot juice.
For their latest update go to www,unlisted.co.nz and to find out more about their products go to www.waitakibio.com.
For more fun google Mark Stewart Masthead,go to "Dog tucker raw material for export Gold.:
Further fun is provided by going to www.ziwipeak.com and noting that PAZ can produce all, or nearly all, of their ingrediants.
And the excitement in this sector is provided by Comvita and Mark Stewart being very substantial shareholders in SEA.
So PAZ have developed to being a great deal more than just grinding up cow [and sheep] bones and shark cartilage.
This expansion has been funded without calling on more capital from shareholders,using retained earnings and bank funding,yet the balance sheet is in good shape.
The factory expansions with new equipment has unfortunately taken a lot longer than expected.The delays have been caused by the ChCh earthquake,and ongoing compliance issues with the ChCh City Council.In truth the business only survived the earthquakes by having strong leadership,and very loyal staff.Businesses in ChCh having council compiance issues is well known,but because PAZ business fell out of every category their issues have taken a lot longer to sort out..
A million @ $0.08 were bought today.
Would have bought some more earlier but now that ASB Securities have cancelled out of Unlisted, its so awkward to buy and sell.
Perhaps PAZ will move to the NZX - now that would hurry along the share price big time.
The company certainly knows what its doing.
Welcome aboard.
Big volumes traded of late.
Just be aware that should you need to sell, your broker needs a signed transfer form,before they can sell.
In my case, my broker is Craig's,so they need to send the signed transfer to their Tauranga head office.
You can't just ring and sell.
The news I am awaiting is on the extraction plant.Should have started last month and be now producing product.
Yeah - talked to Craigs - they need a full blown account to be opened and will charge $87 bucks for a sell/buy if I heard the guy right.
Might just sit on the ones I have till they reach a a dollar a share.
No it was not me who brought the 500,000 PAZ at 9 cents this morning.!
None for sale after the buyer brought 538,585 at 8.5 cents this morning.
Interesting?
PAZ's sp hitting 10 cents today, was the cause of much merriment and jubilation in the Percy household today,as we are very "well postioned.".
Confession.
I did not post between 19-01-2017 and 12-09-2017 as I was steadily buying.
Being such and illiquid stock, it has taken me years to reach the number I wanted.
When I reached that number, I decided to double my holding.!!
This has now been achieved, and the number the wife and I hold, means we are either "buggered" ,or "well positioned."
With my history of being "well positioned", I am sure this is the case with PAZ..
\
Surely the half year report should be out soon? Looks a bit overdue to me.
Nice to see some change hands at 10 cents - hopefully in anticipation of a good report.
I drove past PAZ this morning.
The big factory extension is finally finished.
Maybe they have been busy working on getting production organised.
New factory now means separate factories for wet and dry processing.
This will lead to greater efficiencies.
Getting there,but has taken time, and I don't see them reaching anywhere like full speed ,until next year.
I have just rang PAZ's company secretary asking when we may expect PAZ's interim result.
She said she had posted it to Unlisted Market,so expect them to post it today, or tomorrow.
A poor result caused by delays.The $176,000 loss will take a bit of catching up,as production has not stayed ahead of increasing costs.
So a lot depends now on how quickly they can get the new freeze drier up and producing.
As per a previous post,I think we will have to wait until the new year before things ramp up.
Disappointed..Yes.
Unhappy........No.
Retain strong conviction.Yes.
Agreed
Dealing with any money grabbing, project stalling council is never easy and always costly.
Delays and further capital expenditure, mainly on the huge increase in freeze dryer capacity, has meant PAZ has had to call on shareholders for capital.
Being an unlisted company, means the capital raise is a bit complicated,ie I had to get my Craigs broker to sign a form.
Although it does not close until the 8th December I have posted my entitlement papers tonight.I did this, so if I have not filled in anything correctly,I will have time to fix before the issue closes.Not only have I applied for our full entitlements,but have applied for a few extra to round up our numbers.
With their year ending 31/12/2017,and only just commissioning the huge new freeze dryer, the full year result will be poor.
However I am sure the next half year to 30 th June 2018, will start to show the results of the capital expenditure.
Poor old Paz, nothing seems to be going right for them. They have a rights issue, making it as difficult as possible to fill in the simple forms (well it would be simple if they were on the main board). Then the share price drops to below the rights price.
Think I'll just give it away for now.