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0.3¢ seafarms group limited

..."It's a prawn farm. Not rocket science."Netraam, the fact...

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longreach

4,546 Posts.

1789

30/03/21

14:47

Post #: 52144492
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Originally posted by Netraam: ↑

Mou s are not binding otherwise they would be called a contract.
it is just a bit of warm fuzzy feeling stuff for both parties. In this case it is a reason to announce something. This worries me a bit.
Also the mou with the Dutch is not binding.
it's time for some real commitments. they have 4 weeks left. I m disappointed that they need a other layer in the form of this company to build this. They ve had 3 years to prepare. Many of the subcontractors are choosen if I m correct so also they have done their thinking. It's a prawn farm. Not rocket science.

tick tick tick tick....waiting for the trading halt.

(and then they announce that they have not secured funding.....)

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..."It's a prawn farm. Not rocket science."

Netraam, the fact that its not rocket science is one of the main reasons why funding will be successful.
But its not just a prawn farm, its one of the largest, if not the largest, single prawn farm in the world! That's why its taken so long, but also why it will be amongst the lowest cost producers of large, high quality black tiger prawns. In time us shareholders will benefit from that.

SFG Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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