SeaDragon

[kiwi_on_OE]

However, still no news on terms being reached for Omega 3 raw material supply arrangements with "potential suppliers" or sales contracts to "potential customers."

Is the obvious buyer Comvita? Brand as their own and sell in their shops next to honey and olive leaf extract? I guess they would need to get the Omega 3 into capsules.

[ari]

However, still no news on terms being reached for Omega 3 raw material supply arrangements with "potential suppliers" or sales contracts to "potential customers." don't know that 'risk' is a superlative enough term when you've got

Assumptions are that average fish = 1 kg, fish oil yield is 10% by mass. Then this is an awful lot of raw product. What storage facilties do they have for raw product and how long can it be kept prior to processing?

[Apathy]

Is the obvious buyer Comvita? Brand as their own and sell in their shops next to honey and olive leaf extract? I guess they would need to get the Omega 3 into capsules.

CVT are digging themselves into an embarrassing hole - they booked $2m profit on the SEA share value last year. That has already disappeared with shares at .8 cents so will soon be booking losses. My guess sitting on $4m of write-down by year end.

CVT are never going to sell enough to keep SEA running for more than a week a year...

[ari]

Whoopy ****e.....https://www.anzsecurities.co.nz/Dire...spx?id=4255022
Produced 100 tonnes so far of capacity of 5000 tonnes..........

[winner69]

And Prime Ministerial endorsement (or at least presence)

Wonder if John boy was approached to become a cornerstone investor in this vibrant growing business

[Apathy]

Whoopy ****e.....https://www.anzsecurities.co.nz/Dire...spx?id=4255022
Produced 100 tonnes so far of capacity of 5000 tonnes..........

No mention of selling any of it ....... producing next years write down...

[Sideshow Bob]

The opening......

http://www.stuff.co.nz/business/indu...lant-in-nelson

[kerryo]

The opening......

http://www.stuff.co.nz/business/indu...lant-in-nelson

Interesting how the omega 3 oil comes from the fish industry "by products", which would normally have been used in pet food.

[ari]

The opening......

http://www.stuff.co.nz/business/indu...lant-in-nelson

Noticed this in one of the articles...."Nelson's Pharmalink – probably one of the biggest plants in the world when it comes to marine oils – has developed a technology to extract it"....??????? Competition right on their doorstep or not?

[kerryo]

Noticed this in one of the articles...."Nelson's Pharmalink – probably one of the biggest plants in the world when it comes to marine oils – has developed a technology to extract it"....??????? Competition right on their doorstep or not?

I can't find anything to say that Pharmalink have anything to do with Omega 3 oil, or any oils for that matter. I think the refining of oils is pretty specialized, look at the video of the plant at SeaDragon and it looks like a booze distillery. Very high tech.