Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
In the opinion of most, the NAV is not too relevant in this case - how does one currently value the investment in say Blue Nalu? It’s not possible.
The FT recommendation could be the first, with more to such comment to come. The momentum will have been noted and much interest and analysis will be shown and conducted in the share.
Apologies for my stating that I hope you regret selling half your shareholding - I shall continue to ride the wave and expect positive announcements from the company and the brokers/journalists.
RNS:
Richard Reed, Chairman of Agronomics, commented: -
"The first half of the financial year has been both busy and very exciting. Our current investment portfolio shows considerable promise for future growth given the scale of opportunity to invest in the nascent alternative foods sector. We are expecting significant developments in a number of our portfolio companies that should positively impact their valuation in the coming months. The Board will continue to seek new opportunities in line with its Investing Policy."
MycoTechnology and BlueNalu announced winners of Radicle Protein Challenge - there were over 150 applicants and BlueNalu, a leader in producing seafood directly from fish cells, was runner-up and won $250,000.
In February, BlueNalu secured an investment of $20 million, which was the largest Series A investment round in cell-based history, at that point. Further, the seafood manufacturer plans to have its products on the shelves during the second half of 2021
Nutreco is one of the world’s largest fish feed companies and when BlueNalu brings its cell-based fish to market — hopefully within two years — Nutreco could serve as a supply chain partner for media ingredients. BlueNalu will need a lot of feed; in five years, BlueNalu plans to build a massive facility that will produce a whopping 18 million pounds of cell-based seafood per year.
The 6% invested in BlueNalu has the potential to be just one major winner for Agronomics:
Lou Cooperhouse, President and CEO of BlueNalu, said, “The partnership with Nutreco is another significant milestone for BlueNalu, enabling our team to accelerate our path to commercialization while securing a global supply chain partner. We expect this to be of significant value to our company as our goal is to launch our seafood products in a test market over the next two years and launch them in several global markets by the end of this decade.”
Great news we have been awaiting:
https://thespoon.tech/bluenalu-partners-with-nutreco-to-advance-cell-based-fish-feed/