Originally Posted by
podg
Some big calls there .... I think if you asked Comvita whether they expected SeaDragon to survive through to the end of next year, they might have something other to say than 'at the outside'. They would certainly have a different view as to whether they are in the habit of throwing out a hail Mary as part of their business plan.
There are some massive hurdles ahead, no question, but with unrefined tuna oil supply in place for 12 months and added capital secure (shareholder approval pending) one would have to think they have a better than 'outside' chance to see another year or more, with CVT in partnership.
Perhaps you have more knowledge about fish-oil refineries than you are letting on? Or have you seen a report on the standard, or lack of, that the rest of us have not seen? Again, big call. While management may no longer have your benefit of the doubt, the refinery deserves more than 6 months to prove itself, surely?