SeaDragon (SEA) is a final-stage fish oil processor based in Nelson, New Zealand. Its existing 300 tonne (t) capacity plant produces omega-2 oils for the global dietary supplements market. A new 5,000t omega-3 plant has been commissioned and the first production of omega-3 will begin in late December 2015. A NZ$10m capital raise (completed on 2 October 2015), double H115-on-H116 sales and confirmation that the FY16 EBITDA target of NZ$0.144m should be achieved are positive indicators. We see
01 Dec 2015
Omega-3 plant is all go
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Omega-3 plant is all go
SeaDragon (SEA) is a final-stage fish oil processor based in Nelson, New Zealand. Its existing 300 tonne (t) capacity plant produces omega-2 oils for the global dietary supplements market. A new 5,000t omega-3 plant has been commissioned and the first production of omega-3 will begin in late December 2015. A NZ$10m capital raise (completed on 2 October 2015), double H115-on-H116 sales and confirmation that the FY16 EBITDA target of NZ$0.144m should be achieved are positive indicators. We see