Thats just what I was thinking ;-) |
 I do a lot of plant breeding myself and the problem with the reductive GMO approach is that genes code for proteins which have myriad effects only one of which has been identified in the Golden rice phenotypes, viz beta-carotene production whioh is the only thing they have looked for. What are the other possible effects of these proteins? Most people seem to believe that genes code for a particular trait and only that.
Whilst it is good that they have been able to cross this into local varieties (it does suggest a degree of safety) how likely are 'preventative measures such as staggered flowering dates and observing recommended distances to other rice fields (that) could further limit this risk (of gene flow)' going to happen in the real world? Not at all. GMO corn crosses all the time in the US with non-GMO and farmers instead of having their non-GMO corn protected from contamination are sued by the GMO seed producers if their corn acquires GMO traits. That wouldn't happen in this case but the contamination could in principle - corn is wind pollinated and rice mostly self-pollinates, but recommended isolation distances for rice hybrid seed production are 100 metres. |
Greenpeace sucks for the last few decades sadly. Shame on them and their leaders. |
hmmm... what will our' 'investor' Ollie, make of this do we think... |
In line with their guesstimates. |
Well they say they are trading in line… |
Some great posts here well done guys especially LAV. luckily I had sold down to a 10% of original holding. Question for Fred is that kit on the B/S and what is the valuation? Will this need a substantial write down? Been in SRT off and on for over a decade the answer will sadly be a bottom fishing predator taking it out. |
Apart from all this, we're now in yet another 'will they, won't they' countdown to contract/UKEF signing. We apparently have tons of kit sitting in MSN waiting to ship and bought ourselves a three month extension by changing the year end. One month of that has already gone..... |
I have never seen the link that LAV has listed above revealing so much detailed information. It is clearly a 'MUST VIEW' for all SRT shareholders |
LAV’s last post nails it. |
I suppose the real point about the system as specified is that it was designed and intended to cover 400,000 vessels and not a few thousand. If they stop at a few thousand, then they would have been better off with a CLS-type satellite system. So the value proposition depends on what they now do with it. Having all these towers with RADAR and CCTV is largely worthless as it stands.
This is from the BFAR in 2019:
'STRATEGIC PLAN – Key Objectives
The effective monitoring and control of the national fisheries and the
marine environment.
➢ Track and identify all vessels – from oceanic to municipal and artisanal
➢ Monitor vessel ownership, operators, crew
➢ Monitor vessel activities, status, fish catches & landings
➢ Automated detection and enforcement of illegal activities
➢ Monitor, model and understand aquatic environment dynamics
➢ Effective policy & regulation development and enforcement
➢ Compliance with all international, regional and local regulations now
and in the future.'
It is up to them, they have bought and paid for it. It is neither the BFAR's nor SRT's fault or responsibilty if illegal fishermen buy a judgement from a regional court declaring tracking anti-constitutional and thereby impeding the intended coverage. That is a matter of political will and Marcos seems to be ducking the issue or worse by putting an illegal fisherman in charge of the Department of Agriculture. But barring any EU input, it is a purely Philippino issue and I would expect neighbouring countries to view it as such and nothing to do with SRT or Tucker. |
The pragmatic view rests on two main points - 1. Do they need the sytem and 2. Are they getting best value for money.
The political view, of course, can be detached from such common sense considerations which, in addition to general bribery and corruption, includes the ability to enforce the measures that the system would enable.
Not knowing which view will win, one is naturally apprehensive. But beyond that, it opens up a number of other possibilities related to the real value of the company and its unique expertise which now stands at a knock-down valuation.
In other words, there now appears to be a golden opportunity for a predator to snap it up for a song, posing as a White Knight. If enough mud sticks (I am not predicting that it will) a major group (Ocean?) could buy in and do a rebrand exercise.
So the hope must be that it proves to be a storm in a rice-bowl devoid of any grains of truth which quickly blows itself out before permanent damage is done. |
Nothing will stick to silver tongued Mr Tucker. He’ll soon have them all buying shares in the company. |
Thanks for the updates all you guys, esp LaV |
goodapple - I would expect that's the case, company used to be called Software Radio Technology as I recall before SRT Marine (I've been invested all along - wish I had traded it more) |
Owenski
Soft loans can be tied under EU rules, though the OECD is trying or more hoping to phase them out as they typically add 20-30% to the cost. Within the EU, nation states cannot discriminate against other EU states on government contracts etc. Globally there are also agreements on the level and cost of export guarantee schemes to avoid effective subsidies. Soft loans are not covered. |
Perhaps time for new management. It's been very disappointing so far?
They have the product and manufacturing in place. |
Origin of 'SRT' = Simon Richard Tucker as I recall.
What's the mood at MSN I wonder? |
The problem is ST is the company-without him ,it would be toast in my view |
Worst case scenario. Pay a couple of hundred thousand on legal fees and Tucker leaves the company. Sce are not being charged so hardly explains the big drop in share price. |
Was under the impression that it went against EU rules for nation states to provide loans on the basis that the recipient had to buy the same nation's goods and services with the loan??? |
ftt
I remember at the time that the BFAR had thought they could simply switch from a foreign to locally financed project easily and that the original contract could be novated. The BFAR rarely had any projects so they didn't really know the process. The DBM instead insisted that the entire budgetary and bidding processes be redone. This opened the way for the BFAR to increase the size of the project, not doubling the amount of kit as transponders were only a small percentage. An agency like the BFAR, on a very small regular budget, could not on its own decide to do this but had to have buy-in and approval from multiple entities including NEDA, chaired by the then President. No short cuts allowed in summary. |
All a lot of technicalities if you ask me. Did the Phillipines Government get a decent system at a fair price is what matters. All they need to do is find out how well it is operating and what the alternatives might have been. It seemed to take many years to get the contract in the first place so it must have had every dot and I checked out. |
When the Philippines contract was extended/expanded - as per the Philippines star article posted below - were all the new paperwork and regulatory stages carried through properly by BFAR etc with regard to govt/courts etc ? The amount of kit more than doubled. If various bodies were sidelined then I can see why this has reared it's head. But ST shouldn't be in the firing line unless they have a smoking gun - phone call, money, email etc - that indicates he knew that things were not right.It is also not clear why using a subsidiary of a company to carry out a contract is not ok. Most companies have loads of subsidiaries. However, if they are claiming it is a false front, or nominee, to merely get the contract and that paperwork submitted by SRT was disingenuous (to be polite) about aspects of that company then that could be an issue. With the dismissal of the case against RH i would surmise that only ST put his signature on a particular piece of paper.CM5 the eternal optimist might think it will blow over quickly and won't affect other operations, but the solution may well be (after an extended period) a financial penalty - perceived excess gains plus a punitive fine. That is the last thing SRT can afford.It would be interesting to know what the price of rolling over the loans that SRT currently has as the risk appears to have increased. Is it eagle eye who keeps upto date with those ? |
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