First straw since joining so not sure the best way to approach this (open to feedback)... but noted RLG share price continues to slide on the back of promising revenue increases. Held IRL, new to premium so adding holding at historically low price to portfolio (wish IRL this would be the case, but alas entered higher in the mid 2's) further research required but share price at current level warranting further review of an averaging down in holdings. Momentum in last two quarters appear to have spooked investors somewhat, alongside strategic partnerships/placements. Combined with the "China" discount effect, increasing sales revenue seems divergent to the share price. Will note thoughts in further straws.

Today's announcement key takeaways:

-First sales receipted on Aus wool garment producer Merino & Co - $310,000 received Feb 22. This arises from the more recently announced strategic investor, China Cross Border Trading Group ("CCTG").

-Expecting further contribution to sales growth for overall RLG product sales for the March 22 Quarter.

-Management notes initial cash receipts may be considered immaterial, but sales growth for the March 22 Qtr (inclusive of these sales) looking promising. 1H2021 sales of $8.1m, a 304% increase on corresponding 2021 reporting period. This also represents 89% of the total revenue for all of FY2021.

-Sales for March 22 Qtr expected to be circa 25%-30% increase from Dec 2021 quarter.

-This new partnership and sales channel has been achieved and implemented in co-operation with Chinafocussed sales channel and RLG strategic investor, China Cross Border Trading Group (“CCTG”) and affirms the value of this strategic partnership announced in late 2021.