SeaDragon

[ari]

Pretty quiet on the SeaDragon front, no news at all this year......wonder if they have managed to produce a couple of litres?....oh s hite, then we have to find a buyer!

[Sideshow Bob]

I'd rather just eat a lamb rack for my Omega 3's....

https://agrihq.co.nz/section/sheep-2...making-headway

[ari]

Never gave it a thought......might have to cull some of our Alpaca's..... (have to stop giving them names first) Alpaca meat is one of the worlds healthiest red meats (23% Protein, 2% fat (1.7g/3 oz. meat), high in Omega 3, CLA and Vitamin E). Eaten for thousands of years by the Ancient Incas and currently a traditional meat and delicacy in South America . It is gaining popularity with health enthusiasts and food connoisseur in homes and restaurants throughout Australia, New Zealand and the UK. Alpacas are now recognized as high quality livestock.

[ari]

No news out there...just old news....http://www.radionz.co.nz/news/business/234108/seadragon-looks-to-$300m-goal...........Yeah right!

[Scooter]

bucket of junk, buying supplies for processing, but, what, no customers, LOL

[ari]

As I've said before.......nothing to see here....move on.....

[podg]

As I've said before.......nothing to see here....move on.....

yes, that's exactly what you should do, Ari.

[Sideshow Bob]

For those who missed it:

SeaDragon provides guidance on full year result

10:08am, 1 Mar 2017 | FORECAST

The Seadragon Board wishes to provide guidance on the company’s expected full year financial result.
We expect Normalised EBITDA for the full financial year to 31-March-17 to be in the range of a loss of (4.3)m to (4.5)m (2016: loss of (0.4m)).
This result is a reflection of the time it has taken to transition the business from its legacy Omega-2 business to Omega-3 fish oils refined in the new refinery. The transition of the business is now substantially complete, with approximately 95% of all saleable inventory of legacy products now sold.
To enable future sales, a key focus for the last year has been establishing on-going supply arrangements for crude tuna oil (CTO) for processing through our new refinery. It has taken until the final quarter of this financial year to receive ongoing supply of CTO in commercially relevant quantities. This has taken longer than originally expected and was also impacted by the seasonal nature of CTO supply, whereby we have had to wait until key supply partners have exited alternative customer contracts.
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. This gives us a good mix of CTO going forward for refining for key existing and potential customers in Europe, South East Asia, Japan, Australia and New Zealand.
We have received and processed 6 containers of CTO, each weighing 22,000kg, so far in the current financial quarter. By 31-March-17 we expect to have received, or have enroute, an additional 4 containers of CTO. We have yet to enter into any contracts for the sale of the refined oil. We will continue to work on increasing supply volumes during the next financial year. We note that we do not expect to fully utilise our refineries capacity in the next financial year.
Several of our existing and potential customers are currently evaluating samples of refined tuna oil. Although no large volume sales contracts have been entered into yet we believe our samples meet their specifications and are hopeful we will soon receive orders. When we have these orders confirmed we will have sufficient volume throughput whereby overhead allocation across our production facility is covered leading to a more profitable result for our shareholders.
 
Attached to this announcement is an updated strategy overview document setting out the company’s strategic focus on Omega-3 markets going forward.

[Apathy]

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...

[ari]

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...

Luv it Apathy.....:-)