For those wondering how the loan is going, you should pay attention to below:
This was from the memo provided to shareholders at the end of last year:
"Upon loan approval, we plan to complete Phase 1 at AF4 with all needed components and build ODRAS ponds and next generation GODRAS ponds for production of Pacific white shrimp (L. vannamei) and other species. This is a conservative approach, less expensive than APM buildings, which will increase cash flow and allow profits to be generated to continue build-out of the entire facility, Phases 2 – 3, as originally planned."
From the PR yesterday:
"In terms of expanding our infrastructure in the next coming months, we plan to complete Phase 1 at Aquafarm 4 with all needed components and build ODRAS ponds and next generation GODRAS ponds for production of Pacific white shrimp (L. vannamei) and other species with targeted production to start Q2 2018."
Also from the memo last year:
"AF4 occupies 80 mu and the majority of the construction of two out of three APM buildings was completed by Q3 2016. The third APM farm (out of a three building production unit) targets completion in 2018, subject to capital funding. Alternatively, it can be completed organically by 2019, depending upon results of production."
So December last year they told us they would complete Phase 1 at AF4 by completing the third APM building "upon loan approval" or "subject to capital funding". We now found out yesterday that they plan on completing Phase 1 at AF4 in the next few months...hint hint. In December they also told us, upon loan financing, they plan on building ODRAS ponds and next generation GODRAS ponds for production of Pacific white shrimp (L. vannamei) and other species. Yesterday they not only told us they will begin building these ponds for Pacific White shrimp and other species, but specified that production will be starting in Q2 2018.
There are those who are again shouting that the "loan is dead". Keep in mind these are the same individuals who have shouted this repeatedly before only to find out each and every time from the company that the loan is actually not dead but progressing very positively.
