Friday, 30 March 2012

Key Document - Agrimarine Losses - Updated March 30, 2012

Agrimarine is a mostly-closed in-ocean fish farm. It sustained a breach of its Middlebay facility near Campbell River, BC in March, 2012. They say losses were less than 5% of chinook escaped.

I wish this company well, as it represents a real step forward from the old-tech dinosaur Norwegian derivative open-pen fish farms that use the ocean as a free open sewer. But you need to know there have been stories circulating that they lost a crop of fish last year. All my requests for information from the company and closely associated individuals have received no reply, so I am asking readers for leads to this story. If the story were untrue, I would bet that every request for information would have received a reply.

Here are Agrimarine's financial statements for 2010 and 2011:

See Table 5. Results from Operations on page 10. You will notice that they ended 2010 with a $3.99 million loss and in 2011 with a $3.59 million loss. Do note that the explanatory Note 22 is not in these financial reports. I have asked for it.

Agrimarine has replied promptly and here are the financial reports with Note 22:

I will get back to you with details.

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