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5.9¢ first graphene limited

Do First Graphite still retain access to this mine? Can it be...

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tigmeister

13,838 Posts.

132

19/04/24

19:37

Post #: 73432471
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Originally posted by BlackBeak: ↑

Hasn't been much mention of the sovereign risk that is Sri Lanka.

The government has essentially locked everything down except for emergency services for the next 2 weeks. I'm assuming this means mining activities and the transport of graphite will also be on hold. I'd normally say there's a risk of the Government taking our mines, but they are mothballed anyway and we buy from the government owned mines already, so not as much of a risk.

But given cavitation isn't up and running yet, has FGR's supply chain been totally cut off?

The only saving grace which probably makes this a non-issue for the next few years is that we ordered a whole heap of graphite, and given lack of sales (and a large amount of unsold Graphene on hand going by the quarterly reports), we hopefully have enough to last us to the other side of this crisis.

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Do First Graphite still retain access to this mine? Can it be restarted?

FGR Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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