RGI 0.00% 22.0¢ roto-gro international limited

Ann: RotoGro Operational Update, page-7

  1. 3,851 Posts.
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    Here's my list of questions from the other day, and information from the update today:
    Hows Gibio going? They're supposed to commence construction next quarter. We own 9% of them. Are they on track for Q3?
    They've submitted their application for R&D grants. No other information given on timelines. We finalizing JV terms with them now.

    Are the 8' Gibio machines progressing well?
    It's a work in progress. They're trialing LED lights now to reduce electricity consumption.

    The Freshero trials? The first machines for Freshero's facility in NSW are due to arrive in 27 days. Is that on track?
    Not on track for this month as far as we can see. They're implementing an integration schedule which we'll hear more on in the quarterly.

    Is the JV with Freshero finalized yet?
    No comment

    Are the other rooms for MV nearing completion? They we're supposedly being installed on a room by room basis this half. 27 days to go.
    Another grow room has been fitted out for MV this quarter

    Did we fill the position for a new cultivator (or was it a botanist?)?
    No comment here, didn't really expect one either.

    Anything from MJ compliance guys?
    Update coming in the quarterly

    Any new orders through GFS? None mentioned.
    Working on some quotes by the sounds of it.

    The engineering of the removable drum?
    Not really mentioned. Comes under the 8' Gibio machines "Work in progress" I think

    The automated harvesting and packaging?
    Again, a work in progress

    The Canadian stock exchange listing?
    They're actively pursuing it

    The order from Frozen Penguin is also due in 27 days. How is this progressing? All on track?
    Small delay by the sounds of it. Early Q3.

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    All in all it seems ok. I was just getting worried along with a few others that 'no news is bad news'. This update gives me some confidence back. Few delays by the sounds of it. Nothing major I don't think, though we're unclear about Freshero's timeline for now and I'm not sure how long it will take Gibio to get their R&D grant sorted if they're just lodging it now.
    7-9lbs of cannabis per machine sounds brilliant to me though. I've been using 6.5-7 in most of my calculations. I think I can very safely use 7 now, or even bump it up 10% to say 7.7lbs.
    Designing a "first phase" of a facility for a new mob, Siksika, for 150 machines sounds pretty juicy to me. Should be a $1-2m order if we get it. I think we should if they got our number from Frozen Penguin.

    Cheers for the update management
    Last edited by HairyRichard: 24/06/19
 
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