Replies to post #135670 on Sino Agro Food Inc (fka SIAF)

[andrewflying]

They have not started that yet, what they started was MWEF( experimental farm)

see the following:

"CA will only start the construction of the MWP farm only when Tri-way has secured sufficient financing to have it constructed." This is one which they predict to generate $36 million annually. But they do not have money yet to construct yet (it costs $32 million)

[andrewflying]

And this one:


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.


1000MT, revenue should be around $9-10 million.

[ks1977]

So net profits of 32MUSD dumped back into one of those experimental farms (for arguments sake I'm ignoring the difference between profits and cash flow here) gives a 25% increase in net profits and 3 years of repayment period. Without any loan or pre-IPO.

We haven't seen TS's estimate for TRWs PPS upon listing in a while, and now we're behind the schedule from that estimate. Maybe we should revisit that? Both for an organic growth and with TRW-financing. Is it possible that we can catch up? (if not with the AF5, then with the pond and the import/trading)

Edit: Any idea of how much of the goal of 500MUSD income will come from AF1-5, how much from the ponds (that aren't attached to AF1-5) and how much from trading?