ROO 5.56% 1.7¢ roots sustainable agricultural technologies ltd

Ann: Excellent interim results using RZTO technology - Cannabis, page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,822 Posts.
    lightbulb Created with Sketch. 113
    OK, time to some more napkin math on the latest excellent ROO announcements

    So they decided to run another trial, presumably at shareholders cost this time they chose a Winter crop in Washington State of all places where there is a massive oversupply of cannabis . Anyway, I digress..

    Let's punch some numbers out.

    An increase of 40% to give a potential return of $60k p/acre. Let's then assume the return per hectare at 0.30c p/gm is $45k p/acre, give or take a cupla bucks.
    Planting rate at 4800 plants per acre means ROO are telling us that each plant is producing about 32 grams or 2 ounces. Sounds absolutely pathetic but ROO are probably also taking this from a Winter crop but then again hey what if its actually a 272% increase? Meh, I doubt it.
 
watchlist Created with Sketch. Add ROO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.