FGR 1.85% 5.3¢ first graphene limited

looks like another good day, page-46

  1. 4,097 Posts.
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    Because the set up was exactly the same as early in the year before the last raise, plus;

    They have laid the foundations of a story that needs funding,

    They are a bit on the nose hence raise early then spend the rest of the year trying to win back sentiment,

    Cash is low and the only thing 100% certain is that they wouldn’t reduce theirs fees in preference to taking shares to reduce cash burn, and;

    You only hear from them at length and in detail at raise time.

    To me it’s was as clear a CR pump as I have seen, couple of manufactured closes on increased volume so it shows up on DT scanners, so 10 to 14/15cents seemed a certainty to me hence why I jumped in.

    I cut in that post as certain posters will have you believe that Management can do no wrong, FGR is a certainty and any view other that that is wrong and a clear example of down ramping. The reality is 95% of specs end up at nought but the perma bulls who like to attack but have no explanation for FGR hitting none of their own targets ever will have you believe FGR is one of the 5%. Most of them are running very close to the wind in regard to unqualified financial advice.

    Next week will tell if I am on the mark or not.
 
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