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11-11-2022, 03:21 PM
#401
NZK has requested the trading halt pending a material announcement regarding Marlborough District Council’s decision in respect of NZK’s application for resource consent for the Blue Endeavour open ocean salmon farm.
The trading halt will remain in place until release of the material announcement by NZK, or market open on Monday, 14 November 2022.
Let's goooo
BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!
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11-11-2022, 03:25 PM
#402
NZK
11/11/2022 15:24
GENERAL
PRICE SENSITIVE
REL: 1524 HRS New Zealand King Salmon Investments Limited
GENERAL: NZK: NZKS granted consent to farm in the Open Ocean
NZKS granted consent to farm in the Open Ocean
New Zealand King Salmon has been given the green light to begin farming the
first open ocean finfish site in New Zealand.
Following a hearing in Blenheim last year, commissioners have just announced
their decision to approve the Blue Endeavour application.
"We're pleased our plans to farm in the open ocean have been given the go
ahead. This is a first for New Zealand and is a significant decision for the
aquaculture industry," says Acting Chief Executive Graeme Tregidga.
"I want to thank all who have been part of this extensive process which has
taken six years to get to this point."
Mr Tregidga says open ocean is part of the company's long-term strategy, but
the current focus remains on the company's inshore farming production.
NZKS General Manager of Aquaculture, Grant Lovell, says open ocean farming
makes logical sense for both the environment and for the species in the long
term.
Mr Tregidga says the next step is to study the decision and associated
conditions before coming up with an implementation plan and investment
options.
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11-11-2022, 03:26 PM
#403
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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11-11-2022, 04:31 PM
#404
Member
Good news but i fear a long expensive road yet with a request for significant shareholder contribution
"Mr Tregidga says the next step is to study the decision and associated
conditions before coming up with an implementation plan and investment
options."
I do hope that it does work out in the long run
Immediate concerns are impact on financials due to the warm seas fish stock condition and attrition this summer
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14-11-2022, 10:21 AM
#405
Strongish start to the day, sold back down now. Big block for sale at 30c though.
BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!
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01-12-2022, 05:07 PM
#406
REL: 1703 HRS New Zealand King Salmon Investments Limited
GENERAL: NZK: Blue Endeavor decision appealed
1 December 2022
Blue Endeavour decision appealed seeking changes to conditions
The Department of Conservation (DoC) has lodged an appeal seeking changes to
the conditions imposed on the Blue Endeavour consent. Should those changes
be made, DoC has signalled that it does not oppose the granting of the
consent of the Blue Endeavour application.
Following a hearing in Blenheim which started last year, Marlborough District
Council announced on November 11 the decision by three commissioners to
approve New Zealand King Salmon's application to farm in the open ocean.
NZKS will be heading into mediation with DoC and any other interested parties
in the New Year.
The company is unaware of any other appeals, or parties intending to appeal.
BTC went to $69K and now $16K. Good thing I’ve been warning you since it was $3K! I was right!
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01-12-2022, 05:50 PM
#407
Originally Posted by Entrep
REL: 1703 HRS New Zealand King Salmon Investments Limited
GENERAL: NZK: Blue Endeavor decision appealed
1 December 2022
Blue Endeavour decision appealed seeking changes to conditions
The Department of Conservation (DoC) has lodged an appeal seeking changes to
the conditions imposed on the Blue Endeavour consent. Should those changes
be made, DoC has signalled that it does not oppose the granting of the
consent of the Blue Endeavour application.
Following a hearing in Blenheim which started last year, Marlborough District
Council announced on November 11 the decision by three commissioners to
approve New Zealand King Salmon's application to farm in the open ocean.
NZKS will be heading into mediation with DoC and any other interested parties
in the New Year.
The company is unaware of any other appeals, or parties intending to appeal.
Interesting to watch ... but not really to invest in. Huge uncertainty, significant risks and limited opportunities.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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01-12-2022, 09:34 PM
#408
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01-12-2022, 09:56 PM
#409
Member
Originally Posted by BlackPeter
Interesting to watch ... but not really to invest in. Huge uncertainty, significant risks and limited opportunities.
Agree, there is risk & uncertainty but disagree that there is limited opportunity.
1000 hectare to supply premium product in growing market.
Government wants aquaculture sector to grow from $600 to $3b by 2032 and believe salmon will be key driver
I seem to recall revenue potential was many hundreds of million.
Watched one video that mentioned $14m/hectare , that works out at $1.4b...???
Would love to see any model that shows what the potential of this is
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02-12-2022, 08:24 AM
#410
Originally Posted by TFA
Agree, there is risk & uncertainty but disagree that there is limited opportunity.
1000 hectare to supply premium product in growing market.
Government wants aquaculture sector to grow from $600 to $3b by 2032 and believe salmon will be key driver
I seem to recall revenue potential was many hundreds of million.
Watched one video that mentioned $14m/hectare , that works out at $1.4b...???
Would love to see any model that shows what the potential of this is
I see two possible outcomes of the open water farming:
1) They invest a lot of money (into permits, equipment and learning how to overcome teething problems) and at the end it works. NZK manages to act as trail blazer to open a new industry of open sea salmon farming. Competitors can follow (given that there is not really a moat) and achieve the same results cheaper and limiting NZK's margins. High investment, limited payback.
2) It doesn't work, the problems are not surmountable and NZK needs to write off its significant investment.
That's what I mean with significant risks and limited opportunities. If it works, sure there might be a huge opportunity for the salmon industry as a whole, but it was only NZK paying for the learning and blazing the trail. If it doesn't work, than its just NZK who paid for everybody.
Sure - nice somebody is doing this for the industry, but is this somebody a good company to invest in?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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