I don't believe we have seen either of the 2 long term supply contracts, IMO it would be highly unlikely that newGen needed FGR to secure additional graphite to satisfy their 3t order, One of WG investor videos (Dec 2018) said they were expected to need around 4-5tpa.
When FGR announced the additional 500t order from the Sri Lankan Government mine, they disclosed that we already had around 400t of graphite sitting at Henderson, 400t / 3t = 133 years supply to satisfy newGen order.
I can only see a masterbatch company or chemical company requiring FGR to seek additional graphite,
The company presentations have indicated that the Thermoplastic company is fully approved, for the use of Graphene in plastic shipping pallets, we also have a collaboration agreement with Chemiplas.
IMO, looking at the current SP and interest in FGR shares, the market doesn't believe these deals are coming.
FGR Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
