RGI 0.00% 4.8¢ roto-gro international limited

Ann: Gibio Operational Update, page-6

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  1. 1,540 Posts.
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    Bargain basement prices at the moment, if you can get it - not much vol going thru.

    Considering how small trades can move the price significantly because it's so illiquid, the price has held up reasonably well in this market sell off. No doubt some holders would be hit with margin calls from their other holdings which tends to fuel any sell offs.

    It always seems to bounce off this 32c area. As I've said before I'd expect a healthy share price by mid year when our 3 major deals are starting to become reality. In the interim we can expect Freshero to order some machines for their research facility, the HOA says they are to order a minimum of 100 machines during the training & testing period. Miracle Valley should take delivery of the first 48 machines & we should see some sort of contract when Gibio commit to their facility.

    They need to give 28 days notice for the AGM, so should be announced soon
 
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