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Why wouldn't they just "finish"out the large fish at aquafarm 4 and 5 like they did in the past. I think the idea was they tasted better? Not as profitable as eel but seems a huge waste of a building to not be using it for something. Hell make a it a hot water spa or sometime. ??
Perhaps a place to put truck while loading up the shrimp for sale?
We still don't know what the new terms are on the loan. Could be even worse for us. Perhaps 1 million shares convertible?
In the bottom of the first photo is that a barge dumping sand in a pile? How old are these?
That's the slaughter plant we no longer own correct? I wonder if those pictures are really from August or older. I now see why they could only do a couple animals a day instead of over 300 an hour like in America. They're removing skin by hand. That's kind of what I was expecting,. Just doing 1 at a time like a local butcher. So glad we spent millions on a big building to do what you can do in a garage.
I especially love how dressed up they are in clean suits and boots and yet still have the tail attached and no bag over the rectum. Extremely unsanitary!
Once Dan's shares get transferred to wherever his will says they go, will there be a sec notice of some kind?
I've been off this board for awhile. I had a thought yesterday though. The"small" tanks were always profitable at the smaller farms. Why don't they just give up on these large tanks and build a bunch of smaller ones that are proven to work. They have plenty of space on the mega farm island for it.
I also don't understand how they can just have all this land fallow. They are building multi level swine barns on mountain tops in China(not sure if they'll work out well honestly) due to running out of land and yet this land just sits there.
I'm confused why we have a new ecb deal. The old loan wasn't due for 2 more years correct? We didn't get any more money from them and they couldn't call the old loan. So why would we make a new loan.
Sounds like at least 2 more months then of meetings and such before triway gets any money.
Has anyone asked Dr. O about eels. Shouldn't there have been a big supply of the babies this year since that was their excuse 2 years ago.
I think you need to file it anytime you have a press release.
I guess I'm missing how sjap is involved. My translation was poor but to me it looked like it was about total mixed rations in dairy cattle (which we've done in the developed world for over 30 years already) and about a methane digestor from manure solids.
If you click on the menu button you can see all the farms. I looked at it from my phone. Perhaps on a desktop it's different.
The Chinese absolutely suck at raising Beef cattle and dairy cattle efficiently. Think USSR in the 80's. That's why beef costs so much less to import than to grow locally. They have a few large operations but the vast majority of cattle are grown in small groups by local Individual farmers (maybe 10 cows max). That's who sjap services and why the government likes them. They're helping to modernize things somewhat.
The main point is every other country they import from has lower beef prices than the U.S. sjap will never work unless the Chinese government helps out the company which they may do
They still aren't taking it nor is the United States . We were turning back over 25% of loads for the same issues China banned them so we finally followed suit and banned it all until their plants go through whatever protocols our government find necessary to clean it up. Plus prove to us the corruption is over. I think a couple have made it through that process but I don't know if we've yet started to accept Brazilian meat on the U.S. yet.
All of this export information isn't really telling the whole story. Yes U.S. beef can go to China assuming we reciprocate and allow cooked chicken into the U.S. from China. Congress should vote on this soon but still hasn't. Yes beef is on ships but these would stop immediately if we don't hold up our end of the deal.
Another thing is this is this beef will cost more than beef from other countries because of the testing, verification requirements China has on it. Currently only 2 slaughter plants meet those although that's still a lot of meat.
Another thing most people don't realize is that the U.S. has been shipping beef to Macau and Hong Kong for years. Mainland China doesn't completely control them for decades yet and those are huge populations.
Sjap needs to worry more about Australia and Brazil beef than U.S. beef.
The 23% number is about 65% higher than the previous 15% is what he means
I was always thinking the 55 million owed to Siaf was already going to be converted into our shares of triway. Meaning our 36.8% stake already included the money owed us being forgiven. Currently we only own something like 23% right and once everything is said and done and the shares split off, Siaf has 36.8%
This also bothered me at first but at second reading I took it to mean the slaughter and deboning facility will stay where it is. They may be building more barns, etc on the new land is my guess and perhaps that is a good thing. I haven't been to the site so I'm not sure what wrong with what they have now.
What is the margin on depuration? It's got to be pretty high since the only real cost is running the pumps. They don't feed them correct?
Perhaps they want to pay off the loan early to remove ecab right of first refusal on other loans?
I don't want to get into gmo being"safe" or not. But all these bans are political . Australia feeds gmo corn and soybeans. So does Brazil. In fact Brazil is the second largest exporter of gmo crops, and yet they ban the import of gmo crops. What a crock, they are protecting their markets, all the while sending rotten and contaminated meat around the globe.
No government really cares about your health. These bans are to protect markets. It's the same with animal diseases. Countries ban meat from one place even though they have the disease endemically in their own country that they are supposedly protecting the citizens from.
I know you were agreeing with me so I don't want to seem argumentative. I'm just so tired of the lies all the governments do. Just admit to the protectionism.
The ban is China's doing not the us. China said months ago it was removing the ban on U.S. beef but they still haven't accepted any as of yet. That's what trump is trying to do, make them live up to their word. American beef is safe and the ban was completely political to begin with.
The main thing is whether or not sjap gets beef from Brazil since that's been banned for a month now by the Chinese
government. I don't think they have in the past so we should be ok. It may help us short term actually since there is a beef shortage since the Brazil ban was immediate and it takes awhile to source new product.
I don't know why ecab would convert the loan to shares. The conversion is around $10 correct? They're better off taking the payment in cash and then just buying shares at the current price. I know the contract says they don't have to convert the loan to shares.
Imo the balance of the loan will only be converted of the share price ever gets over $10
I assumed the cutoff date is March 31 or earlier based off the press release.
Got my proxy statement and voting ballot in the mail today.
Has anyone read the 10q? It says it is in the proxy statement but I don't see it. Do I have to wait for it in the mail?
I know it says we're voting on stuff but really with the A shares it doesn't matter correct?
It's deboned beef so no sjap will have nothing to do with it. There was never mad cow in the U.S. to begin with . It was only in cattle imported from Canada to the U.S. it was all political that U.S. beef wasn't allowed in China in the first place.
I sure hope they sell the beef business soon. U.S. beef will be going to China for the first time in 13 years soon . This will be boneless beef so Siaf can't debone it. It won't put Siaf out of business by any means but don't expect margins to improve with sjap for at least 3 years in my opinion.
There's no point in keeping any of the beef stuff. This Dragon head status hasn't helped one bit that I can tell. The Chinese government needs to start helping us out with sjap. Require every government meeting to serve organic beef or something, I don't know. Just annoying that we act as a bank to local farmers and the government doesn't seem to support us.
I'd wait until the shares are actually retired before I'd congratulate him. Just words for now.
The conference call. Something like the first generation starts the farm and gets all the assets together and paid for. Then the second generation gets the benefits.
It was a stock sale. We got the f shares for free and the company purchased them back from us. At least that's my understanding.
Is nuin going dark?
Has anyone figured out the earnings per share with all the loan collateral and ecb shares removed? Perhaps none of these shares will be truly issued if the price never gets above the $10 trigger.
Beef prices have not hit bottom. Cattle numbers are still rising and with cheap corn there's absolutely no reason to cut your herd size.
Siaf used to be protected because China didn't allow in foreign beef. That's no longer the case so we will have to deal with world beef prices from now on. I am not convinced the yellow cattle will bring that much more money either. Plan on at least 3 years of low beef prices unless there is a huge drought somewhere in the world for at least 5 months that forces Large herd reduction. That's what forced it up last time.
I won't be able to listen to the conference call. Perhaps someone could ask Dr. O about growing our own eel babies (forgot what they're called). There is a technique to force adults to mate in captivity. I'm sure he's aware of it but I'm curious if SIAF is looking into it. If there truly is a 2 year seasonality to their reproduction cycle, being able to get babies in the off year would be extremely profitable!!! Not sure how expensive it is but certainly it has been done in a research setting and you can even use ultrasound to help determine which adults are responding and worth continuing with treatments or stop treatment and save some money.
I've read the entire paper (from the paper copy journal) but here is just the abstract. I can't remember my password to get the full copy online in order to paste it. Sorry. Basically the only main thing is that they do confirm that in the European eel it is hard to get them in nature and the numbers are going down and no breeding in captivity commercially.
Abstract
American Journal of Veterinary Research
May 2016, Vol. 77, No. 5, Pages 478-486
doi: 10.2460/ajvr.77.5.478
Ultrasonographic predictors of response of European eels (Anguilla anguilla) to hormonal treatment for induction of ovarian development
Anna V. Müller DVM; Fintan J. McEvoy PhD; Jonna Tomkiewicz PhD; Sebastian N. Politis MSC; José M. Amigo PhD
Department of Veterinary Clinical and Animal Sciences, Faculty of Health and Medical Sciences, University of Copenhagen, 1870 Frederiksberg, Denmark. (Müller, McEvoy); National Institute of Aquatic Resources, Technical University of Denmark, 2920 Charlottenlund, Denmark. (Tomkiewicz, Politis); Department of Food Science, Spectroscopy and Chemometrics, Faculty of Science, University of Copenhagen, l958 Frederiksberg, Denmark. (Amigo)
Address correspondence to Dr. Müller (avm@sund.ku.dk).
OBJECTIVE To examine ultrasonographic predictors of ovarian development in European eels (Anguilla anguilla) undergoing hormonal treatment for assisted reproduction.
ANIMALS 83 female European eels.
PROCEDURES Eels received weekly IM injections of salmon pituitary extract (first injection = week 1). Ultrasonography of the ovaries was performed twice during hormonal treatment (weeks 7 and 11). Eels were identified on the basis of body weight as having an adequate response by weeks 14 to 20 or an inadequate response after injections for 21 weeks. Eels were euthanized at the end of the experiment and classified by use of ovarian histologic examination. Ovarian cross-sectional area and size of eel (ie, length3) were used to classify eels (fast responder, slow responder, or nonresponder) and to calculate an ultrasonographic-derived gonadosomatic index. Gray-level co-occurrence matrices were calculated from ovarian images, and 22 texture features were calculated from these matrices.
RESULTS The ultrasonographic-derived gonadosomatic index differed significantly between fast responders and slow responders or nonresponders at both weeks 7 and 11. Principal component analysis revealed a pattern of separation between the groups, and partial least squares discriminant analysis revealed signals in the ovarian texture that discriminated females that responded to treatment from those that did not.
CONCLUSIONS AND CLINICAL RELEVANCE Ovarian texture information in addition to morphometric variables can enhance ultrasonographic applications for assisted reproduction of eels and potentially other fish species. This was a novel, nonlethal method for classifying reproductive response of eels and the first objective texture analysis performed on ultrasonographic images of the gonads of fish.
Laughed pretty hard that you think hyperboy is Lee . Anyone who knows him knows how wrong you are.
I assure you beef prices will not be better in a year.