Agronomics Share Discussion Threads

[williamcooper104] 01/11/2021 10:16

Even if all of the technical problems aren't overcome and there's no mass government subsidies then the Grocer article acknowledges that high end/niche production is likely to be viable; and while that's not the game changer environmentally it'll help us investors

[williamcooper104] 01/11/2021 10:14

It's not dissimilar to fusion; which has long been the next big thing for the next 20 years; but which over the last decade has made rapid progress and is also raising major amounts of third party capital The grocer article mentioned but didn't dwell on the subsidies provided to traditional farming, and the return expectations were wrong - 30 year timeframes are standard for Infrastucture investors - 4 years for PE Huge numbers in the trillions were cited - but like all criticisms of the cost of renewables these costs weren't contrasted with the costs of doing nothing

[blusteradjuster] 01/11/2021 10:04

Just wait until they all start building "gigafermenters"..

[nickgrant2] 01/11/2021 09:55

The Kodak story is a classic (many many more in the old but very readable marketing books by Al ries and Jack Trout).

I have looked at some of the websites of the big meat producers and they are getting into alternatives, like Philip Morris getting into vaping.

Being a total cynic, even if its 50 years off not 10, the industry is still in the 'fizz' phase with a hell of a tail wind, so money to be made.

[donald pond] 01/11/2021 08:48

It is also fair to say that the history of capitalism is a long story of technological advances in the face of scepticism and from an investment perspective diversified optimism has consistently been the only approach that has worked

[hpcg] 01/11/2021 08:42

There is a decent high level view in a recent article from the LA Times:


I'll highlight one paragraph: "Other giants in the meat industry are similarly enthusiastic about alt-proteins. Speaking from his office in São Paulo, Brazil, Gilberto Tomazoni, chief executive of JBS, the world’s largest meat processor, says his company plans to produce every type of alt-protein, including cultured meat." Everyone that has the slightest element of business education knows the Kodak story, including the part where they were actually leaders in digital photography but killed it internally. The likes of Cargill and JBS will not be making that error. Equally if they have the scale to cost effectively mass produce then its a much easier business to run than the person intensive and polluting operation they currently run.

The article also makes cogent arguments about the healthy eating vs cell meat consumption vs animal meat consumption debate, which is somewhat similar to the vaping vs smoking issue. Vaping is harmful in comparison with breathing air, but not if the alternative is smoking.

[quepassa] 01/11/2021 08:35

I am not saying anything about anybody.

But I guess if you are a cattle farmer in the Mid-West or a wheat grower in the Prairies, would you be particularly keen to encourage investors to pump a large amount of capital into the new frontiers of cell-based non-farm meat culture.


ALL IMO. DYOR.
QP

[nickgrant2] 01/11/2021 08:24

Ah, I hadnt got round to looking at the funders although I did get the impression the article was a bit doom and gloom.

From what you have read about the funders, are you saying its a bit of a hatchet job?

[quepassa] 01/11/2021 08:01

Very interesting article in The Counter.

However, I found it more interesting to read who they are funded by and the geographical location of some of their donors.

The inexorable advancement of cell-based meat manufacture will of course disrupt many of the traditional animal-based food industries which have vested interests to protect the status-quo.

One recalls the billions spent by the tobacco industry denying that cigarettes were bad for your health.

The day/year is coming when the wholesale brewing of animal protein on a massive scale in industrial bio-reactors will be as feasible and as common-place as brewing beer. And much better for the planet.


ALL IMO. DYOR.
QP

[nickgrant2] 01/11/2021 07:59

I like the honesty of one of the CEOs quoted. far better than the Adam Neumann style 'testiculating' you might expect.

I havent seen anywhere where Jim Mellon has clearly acknowledged the challenges, perhaps its discussed in Moo's Law which I have not read yet or in some other material from him or any of the companies invested in.

One thing I do intend to do is look at the documents from the invested companies, failure to acknowldge the challenges would be a bit of a red flag.

The griddle parity argument is based on today's prices but with the right external events today's prices may be a thing of wonder to people in 10 years.

I am not sure I feel totally positive about the appeal to governments to cough up some dosh though unless its for some sort of stake (rather than just a hand-out).

[donald pond] 01/11/2021 07:38

It's not an article to be dismissed out of hand. I agree that all tech faces these sort of challenges and people that say it can't be done. However, there is clearly a possibility that at some point the biological aspects of cells impose limits that have never applied to physical products based solely on chemistry. What is clear is that the world cannot continue as it is.

[blusteradjuster] 01/11/2021 07:24

Similar was likely said about solar panels, Li-ion batteries and more.

Manufacturing at ever-increasing scale inevitably leads to huge cost-per-unit-of-output gains.

[williamcooper104] 01/11/2021 06:31

Totally; hence the often used term "moonshoot"The technical challenges have never been brushed over However nobody expects to get a 4 year payback which the article sites

[nickgrant2] 01/11/2021 05:46

Very interesting article herehttps://thecounter.org/lab-grown-cultivated-meat-cost-at-scale/Are holders happy with the gamble? Did we know it was the this sort of challenge?

[livewireplus] 27/10/2021 11:17

Meat and dairy giants feed climate crisis by dragging their heels on methanehttps://www.theguardian.com/environment/2021/oct/27/meat-and-dairy-giants-feed-climate-crisis-by-dragging-their-heels-on-methane 

[the big fella] 14/10/2021 15:13

I think there is already a tradeable market for the warrants offered by JP Jenkins (the old OFEX market maker). Only three trades ever with a current indicative price of 3p.

[mpg] 13/10/2021 19:50

Hopefully there will be a tradeable market in the warrants once the share price is consistently ahead of the warrant option price.

[meneither2] 13/10/2021 14:47

I think they're exercisable every 3 months. Just don't miss the last one if they're in the money! 2023 without checking?

[billybunter1970] 13/10/2021 09:47

Can anyone advise what I need to do with the warrants I received as part of the broker option earlier this year. I noticed I have missed two Corporate action for exercising the warrants - will these opportunities to exercise the warrants occur every two months, or have I missed the opportunity?

Also, once they have crossed the warrant price of 0.285 GBP, will the warrants be tradable? i.e. Can I sell the warrant without exercising the warrant.

[thefartingcommie] 11/10/2021 08:35

Jim Mellon, co-founder of Agronomics (ANIC) explains:

The science behind cellular food.
The multi-trillion-dollar market opportunity.
The low number of listed competitors to ANIC.
How cellular food could benefit the planet and animal welfare.
Examples of ANIC’s investments.
When cellular food will be available to eat.

[williamcooper104] 06/10/2021 03:10

https://open.spotify.com/episode/3Bw4zRcuc1HJCqUJN8Kax8?si=f_gmes55TRW_SBKY6qalEw&context=spotify%3Ashow%3A0BCUrdrOb3tvfIwazeLBUH&dl_branch=1

[livewireplus] 01/10/2021 23:22

Will lab-grown meat ever rival the real thing? We ask the experthttps://www.theguardian.com/lifeandstyle/2021/oct/01/will-lab-grown-meat-ever-rival-the-real-thing-we-ask-the-expert

[hpcg] 01/10/2021 18:14

Those articles are required reading / listening for anyone invested here. Not only are a few portfolio companies mentioned but vegetable and fungi based alternatives are also well covered. There is a brief mention that cell meats won't be kosher or halal because both require a specific type of slaughter, however I would be pretty sure that will be worked around by the religious authorities by saying that the products were never living and thus not animals.

The hurdle the industry needs to get over is the use of foetal bovine serum as the nutrient source. As mentioned in a later article steps like this have happened before, when Pfizer was able to create a rennet alternative far example. Most likely some type of genetically modified yeast.

[blusteradjuster] 01/10/2021 07:35

Future Food

TECHNOLOGY QUARTERLY - OCT 2ND 2021

Can the whole first-world food system be changed.

[williamcooper104] 28/9/2021 21:25

Don't forget the huge amount of subsidies that go to farmers