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Re: Fussy Group post# 158204

Saturday, 10/19/2019 11:18:14 PM

Saturday, October 19, 2019 11:18:14 PM

Post# of 163722

Disgraced management still in charge?



I don't think so.

Any evidence of lessons learned?



They always learn. Look, it isn't easy (making money with indoor fish farming). Especially when you want to grow freshwater prawns. I have said before, I compare it to a formula 1 car. Every detail and condition has to be perfect in order to win a race. And it simply wasn't.

Most companies fail. And so, SIAF failed as well with AF4. At least you can be damn sure that the company isn't a fraud.

Is there progress evidenced in satellite images?



Yes, I'll post them in a few minutes.

Also keep in mind, TRW is generating close to $40M in profit on $100M in sales. That's 40% margin. Overall. They must be doing something right. And I don't think they are telling us everything. They invested heavily in FF2 (Fish Farm 2) in 2017. I don't know why. Are they planning to rotate sleepy cod at AF4? Eels? Will FF2 be acquired by TRW and give a boost to earnings? Etc.

I shouldn't be here defending the company.

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