Takeovers Panel - Nido Petroleum, page-6446

Don't get yourself too wound round the axles about how much graphite they have stockpiled.

They had 400t in the warehouse which can be confirmed by reading through the last few annual reports, they have issued a purchase order for another 500T but that doesn't mean they have drawn down on that order, case in point NEWGENs order which has also not really been drawn down upon.


The fact that either WG or PY mis spoke about what the stockpile actually is would be a reflection on either interpretation or they are just unclear, I doubt either puts much time in FGR, WG wouldn't of been to the factory for quite a while. I also doubt PY is in much either.

I don't know why they specifically noted that the extra supply was to address shareholder concerns, some truth and accountability as to why it was secured wouldn't go astray.

Secondly if you are making corporate transactions to address shareholders concerns you have no business in business.