SFG 0.00% 0.3¢ seafarms group limited

Hi GW,I have to respectfully disagree, I am confident that if...

  1. 49 Posts.
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    Hi GW,

    I have to respectfully disagree, I am confident that if this facilty is built and fully operational then shareholders will make a motza.

    • I am sure Nissui have completed exhaustive due diligence prior to jumping onboard.

    • Previous price of 0.16 when project was at infancy stage, how high beyond that when the project is actually making money?

    • Check out WHA, rising to $2.60 at one point with nothing to back the price up except the hype around infant formula sales to China.

    • Revenue has increased by 9.1% in the last year, without Seadragon coming online

    • NT and WA governments both onboard with the project.

    • Possibilty of moving from 1800t per per year to 100000t per year... that is massive!

    • Collaboration with CSIRO and JCU which further prove legitamacy

    Once in full production mode I am confident of $1+ share price which is conservative.

    I read somewhere, sorry, don't remember resource but they quoted in a fews years shares of Seafarm ( if all goes according to plan of course ) to be approx $6.90AUD. I have also read that the price is undervalued at the moment.

    I have been out of the market for a while but my first buy back in is with SFG
 
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