RGI 0.00% 4.8¢ roto-gro international limited

Ann: Market Update, page-4

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  1. 1,540 Posts.
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    It also sounds like the 3 main projects are progressing well.

    Hopefully this latest design enhancement for Gibio will be the last. The latest changes would appear to be related to the automation in harvesting rather than the crop reults themselves. They'd have had enough time to do at least 2 crops with the 8' machines, so must be happy with the growing side. This project is on track.

    Freshero are looking to progress from leafy greens to fruiting varieties (assume strawberries), I'd assume a tick for the leafy greens with the project to expand with their own machines in NSW. Again this project is on track.

    The Dealers License acquisition will be ratified at the AGM (looking like Jan now). I've done a bit of research on Cannabis Compliance inc & they seem very capable, also employed by Valens to get their issued licenses (LP + LD). As I've said before a 44,000 sq ft facility will put them in the big boy league. Again they are giving this project the best chance of coming to fruition in a timely manner.
    As I've said before, IMHO they only need one of these deals to come under firm contract to get rerated by the market. Many boutique funds, larger investors etc wont invest in a company until they have firm contracts. That is good for smaller investors who want to top up, as soon as any meaningful buy orders come through, this thinly traded stock will takeoff.
    Last edited by Red Baron: 07/12/18
 
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