Replies to post #154065 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

Why they keep referring to AF5 is also a bit of a mystery. But I think I understand now...

One building at AF4 can grow a max of 800MT Vannamei. I think they are using the 2nd building (with the shallow tanks) for broodstock, not sure. So that's only $4M profit at best annually, from Vannamei indoor.

But, they are using the ponds as well. 400 mu for AF4 and another 400 mu for AF5. That's 2x26 hectares. Some of it has been converted to 2G/3G ODRAS. Perhaps most of it?

2x26 hectares is > 5,000MT. Quite substantial. And quite profitable since TRW owns 100%.

Interesting.

[ks1977]

I think you highlighted the wrong part;

The most practical way to pay down the debt – absent a financing that may or may not materialize and may or may not allow partial funds to pay down existing debt – is to eliminate or resolve some operational and mismanagement issues at Aquafarms 4 and 5, while refining some at Aquafarms 1 -3. We have begun this process

Just get rid of Solomon, already! lol

[snow]

RD "I just don't see how AF4 can solve our debt problem." I disagree with you. My impression is that AF-4 has not pulled its weight up to now. This is at least partly due to poor management. If AF-4 can start generating reasonable profits in relation to what it has cost that profit can be used to pay part of the debt to SIAF which can spend that money on its own debts.