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RFA - Rare Foods Australia

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Ocean Grown Abalone Ltd (OGA) have developed a unique method of greenlip abalone production from purpose built artificial abalone ranches (or abitats), called 'sea ranching'. Sea ranching involves a clean, green and sustainable model where juvenile greenlip abalone are grown with minimal environmental footprint, and without feed and power inputs.

The Company has established a 5,000 abitat ranch in Flinders Bay, Augusta, Western Australia. Harvesting at this Project has commenced with the first export sales of the greenlip mature abalone from September 2016 primarily for the individual quick frozen (IQF) meat market in Hong Kong.

Additionally, the Company plans to construct an Abalone Processing Facility at Flinders Bay, has obtained approvals for and commenced construction of a second 5,000 abitat sea ranching project at Flinders Bay with construction of approximately 1,960 abitats to date with all these abitats deployed in the ocean targeting high growth areas of the lease.

It is anticipated that OGA will list on the ASX during November 2017.

https://www.oceangrown.com.au
 
On December 7th, 2021, Ocean Grown Abalone Limited (OGA) changed its name and ASX code to Rare Foods Australia Limited (RFA).
 
Only just found, interesting but the same old ag story - need for cap ex. and comes down to how good is management at executing / share holder orientated. Plenty of demand for sustainable seafood and oz has plenty of coast line and good reputation in agriculture (land and sea). quick comparisons for idea of potential returns: TGR is a good operator and is an ok investment (held - awaiting prawn scale), CSS less so (always been interested but no position - great product taste wise but execution to be proven). Is the best outcome is something akin to TGR if they are good at execution and manage capital well ? Abalone at least a premium product and proven market, so pricing power hopefully. also low MC so if well managed could generate decent return.
 
qldfrog said:
In Asia aka China so obviously a political risk for the business but they are not there yet?
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Yes that's right but like the western rock lobster industry who exported mainly to China until they got the boot i hope they spend time looking at other markets such as Singapore, Taiwan, Japan who are also big consumers, guess time will tell,but as you said they are not there yet
 
On June 3rd, 2025, Rare Foods Australia Limited (RFA) was removed from the ASX's Official List under Listing Rule 17.11, at the request of RFA, after security holders resolved to remove RFA from the Official List.
 
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