GREY:BIXZF - Post by User
Post by
Atheenaon Sep 06, 2010 2:49pm
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Post# 17417758
Aquaculture (OFF TOPIC) not BXI...
Aquaculture (OFF TOPIC) not BXI...They are putting a tank in the water in BC...if I'm not mistaken it is under construction. The process takes 6 weeks to build out. I have been in contact with the company and have asked some tough questions which they will respond to in the next week. So far they have been great to deal with and very forthcoming. They seem to be VERY transparent on website to the potential pitfalls of their business but are confident that they can make it. What they lack to get themselves profitable is cash to build the tanks fast enough. They are probably about 1.5 years away from profitability but are harvesting their first crop of steelhead salmon in a China resevoir installation next month. The harvest takes about 6 weeks as well. They will not in the future empty the tank. They will have smolts/fish in different growth stages to ensure year round supply and income. They expect to have 3-4 tanks in the water by this year and then it is the hope of the company to raise some larger amounts of money to finance a big push in tank installations for 2011. They are now having their tanks made in China under contract at 1/3 the cost of BC construction. The profit margins are huge in this business and they expect to make in the 50-60% range per crop. The tanks pay off on the first crop which normally is a 14 month cycle to fully mature.
The company has some support by people in the know with strong backgrounds. It is my hope that they can finance at a higher level (don't know how they will get the stock price up in the short term) and then get the tanks in the water to generate some real cash flow. They have very ambitious plans check out their website if you interested.
www.agrimarine.com
This is a risky play with a HUGE payoff it they can get the attention of the big boys with their coastline leases in China and their enviro friendly, green technology. Once they get to making the profitable stage they will grow VERY quickly and do not intend to license the tech or sell it until they have 100 tanks in the water.
Sorry for the long post but i did warn you in the subject title. If anyone has an interest in discussing this stock further join me on the v.fsh forum...I seem to be speaking to myself there! lol.
Atheena