ROO 5.56% 1.7¢ roots sustainable agricultural technologies ltd

SP, page-3

  1. 6 Posts.
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    I'm surprised it has gone so low. There are a couple factors at play though which might have buyers sitting on the fence for now. Nearly 14 million shares were resealed from escrow today, so if people are looking to free up some cash then there might be more supply pushing prices down. Also with the current cash burn rate and the gradual build up of sales they will need some more cash in the first half of next year I suspect. So might be due to buyers just waiting to see where the price heads. Everything looks to be going well though for the company, I'll be averaging down once some cash becomes available.
 
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Currently unlisted public company.

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