Agree with TF here.
The real catalysts involve progress toward fundamentals overcoming sentiment.
Primarily, most importantly, this is becoming cash flow positive. Beforehand, it is communicating that the company is making enormously large investments in itself toward cash flowing, and then "cash rich," and that these capital development expenses are indeed paying off. This will be evident by announcements of milestones reached, and revenues tripling in 2012 and doubling again in 2013.
The 2011 financial results were right on target, adding credibility to 2012 guidance. The Q1 result press release and conference call laid out an extensive and optimistic road map, by which 2012 numbers will be met or exceeded:
new cattle farm contract imminent (probably already happened)
2 new fish farm contracts to be signed
baby prawn sales already started; phase two construction to commence
dreamatically enhanced fertilizer capacity
grants and loans received and sought
green housing HU and asparagus fields
new restaurant equity deal, with guaranteed customer for beef
expediting import export business
moving forward with distribution; lease signed
6 retail outlets to be commenced
All ambitious; all happening in 2012; all requiring capital; all creating the critical mass to support $300M in 2013 revenues and $500m in 2014.
Parallel goals include new directors, corporate governance, AMEX (I hope) application, Sweden fast track dual listing; Asian exchange spin outs.
As a shareholder, I'd just like to see press releases for each and every major item above ticked off. Because that is what I think will slowly overcome the pall of negative sentiment, share issuance notwithstanding.
Hopefully, we'll see a meaningful announcement or two before the Q2 release.
But if not, the Q2 release and conference call will validate progress tracking goals, and will be followed very shortly by confirmations from the investor facilities demonstrations, presentations, talks, etc. in early September.
