Sino Agro Food Inc (fka SIAF)

[RealDutch]

You have to ask the question why SIAF didn't press release these contracts, since CA acted as the turnkey contractor.

10-K

During Q1 2017 CA acted as the turnkey contractor to Tri-way’s Aqua-Farm 3 (formerly, PF2) helping it complete the construction and development of a 150 Mu open dam farm using its 3rd generation ODRAS technology and system (ODRAS (3G) Farm 1) at a sea-shore property in YangJiang district of Guangdong Province to grow Mexican White Prawns (MWP). This farm started operation in Q2 2017 and by the end of Q4 2017, it produced over a 9 month-period a total of 600 MT of small to large sized MWP generating sales revenue of RMB7.2 million (or $1.152 million) representing an average yield of 6 MT / Mu / 9 months / 3 harvests (annually yielding 8 MT / Mu) on 100 Mu of net-effective grow-out areas.

On December 2017, CA also acted as a turnkey contractor to AF3 starting the construction and development of ODRAS (3G) Farm 2 on 186 Mu of land located opposite to AF3’s old open dam farm’s property at Shenwan Town, Zhongshan City, Guangdong Province. ODRAS(3G) farm (2) is expecting to start production operation within April 2018 targeting annual production to exceed 1000 MT (annually yielding 8 MT / Mu) on net-effective grow-out area of 130 Mu.

Keep an eye on Consultancy revenue in Q2 because I still expect something like $5M in revenue from this Shenwan farm.

And this, from the website. The numbers keep coming back. 600 mu planned for 2018 in Shenwan and another 1,400 mu in 2019.

http://www.sinoagrofood.com/content/AF3_2017

Not in this presentation is another 579 mu of contracted ponds managed by AF3 in Shenwan town, Zhongshan City beginning in 2014, using advanced SIAF pond technology called Open Dam Recirculating Aquaculture System (ODRAS). An additional 2,000 mu of ponds will be added by 2019 for cooperative farming using the technology.

How did they know this one or two years ago? Who is paying for it? And what is happening right now???