Digesting yesterday announcement CAQ says significant due diligence already conducted, cost of project $20+ million, discussions well advanced for industrial land, engineers going over to secure site selection.
It Tells me that when a company signs an MOU to establish a venture it usually goes ahead with the only sticking point being finance, but this South African company appears to to be a very big company in seafood production,
and will secure project financing.
They would have approached us and gone to Malaysia to see Cells facility, with CAQ securing a 40% joint venture is fantasic.
A two thousand tonne facility would mean 200 tonnes of fish coming out every month and 40% coming back to CAQ in revenue. the company has been very busy in furthering its expansions.
Viva-La-Cell.
two thousand tones " wow", page-2
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