Sino Agro Food Inc (fka SIAF)

[RealDutch]

Which either means that CA will not list before TRW, or that there are more projects down the line.

Of course they have more projects down the line. They already had one in Q3. I'm particularly interested in those cooperatives because whatever they are doing it will be huge. For some reason they can't disclose it but I expect to pull it out of them

What's your thoughts of how soon the Angola-project might start?

We may not hear a thing for a year. But the good thing is, once financing is approved, CA will book revenues fairly quickly. For design work. Design work is high margin low cost stuff and could account for up to 30% of total profits. Even if it takes a while to get the project going. We have seen this in the past as well. When they announced a contract, CA was already getting paid.