From the previous annoucement when the company said that it was...

From the previous annoucement when the company said that it was assessing options to preserve its cash position, I had a feeling that a placement was on the way.

Although not happy because of the dilution, is a result of the delay in funding from Malaysia, but to raise money in these difficult times $750.000 from the sophisticets, reassures me that this South African joint venture is very close, with only the site selection to be decided.

From the $20+ million a great deal of that will come back to CAQ for there propriety systems, and then 40% of the 200 tonnes of fish coming out each month in revenue, and still the expansions to go ahead in Malaysia.

I continue to hold for the long term and in twelve months time look back with no regrets.