John, Treit, thebear37 and all, thanks a lot for this discussion and sharing of info. I'm especially delighted that an ordinary retail investor can ask such specific questions about SIAF's operations and get not only a response, but a specific one at that and from the CEO.
Perhaps I've missed this all along, but it now seems clear that the four fish farms they are hoping to build in 2011 are completely contingent on the one they just built yielding a harvest in accordance with the projected tonnage of fish. (See post #4766 for reference.) Presumably those waiting for this proof will also want to wait until all the fish get sold so they can see both how much they get sold for, and how long it takes to sell them. As such, since this first farm isn't excpected to come to fruition until June of 2011, it seems the four new farms aren't likely to break ground till sometime in July. If so, then they won't be coming to fruition till around mid 2012, right? However, if the first one is a success and the four other one's get underway in July, the 8 new farms they are hoping to build in 2012 ought to be able to get started as soon as weather and partners are ready.
If this is accurate, then the revenue from the 4 to be built in 2011 won't show up until the third quarter of 2012. And the 8 to be built in 2012 aren't apt to start showing up as revenue until the second quarter of 2013.
Please correct these projections if I'm missing something (or a lot!)
Thanks again.
Steve
AI
