no worries mate, page-3

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chrome033

1,003 Posts.

09/04/16

16:44

Post #: 17463695
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Originally posted by atari ↑

So, I think it's about time we seriously look at what's happened here... what mangement have said and done. Well done guys!

We were first given notice of the FGR's ambitions for a mining licence a year ago. I can't imagine what they must have gone through and all the efforts to achieve this, during a period of change in government, that has put on hold a Chinese project worth $1.2 billion dollars.

No other company in Sri Lanka has been given a mining licence, no peers, no competitors, not even Elcora. No one for 25 years! We are the first, and not only that we have two (2) mining licences with ultra grades. We start production with Pandeniya this month, yes right now. Everything has already been built. With Aluketiya coming online shortly after.

We have drilled a historic vein width of 1.72m, completely unheard of compared to "the nature of the vein graphite, it is anticipated vein widths of ~25cm, using narrow vein mining techniques can be economically extracted from underground operations". This is just an incomprehensible discovery, we're talking of multiple of six beyond normal economic modelling done in the past. The ore body is there... the deposit is special and previous economic modelling done already values it at x3 its current price.

Sri Lanka as a sovereign nation has had less civil unrest than the african nations.

Foreign investment, trade agreements and projects are all full steam ahead. Six different suitors are sampling our graphene product, one of them is producing a product called Imgne X-3 GT currently in field trials and also planning to build a graphene factory in Adelaide....

I don't think management are going to wait or hold off on signing contracts and offtakes if we're able to produce and sell right now...

I'm just saying you can wait for the pin to drop and explode or you can get in close to where the cap raising and sophisticated investors got in because it won't be long now and when it does go off, I'm sure Far East Capital will cover with a revised model targeted to the wider investment community, oh and those pesky day traders might come back...

Just my thinking, no worries mate.

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Nice and easy
great post mate.

FGR Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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Last 3.2¢		Change -0.002(5.88%)		Mkt cap ! $22.77M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.2¢	$10	300

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5	583300	3.0¢

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Price($)	Vol.	No.
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1	25000	0.025
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1	500000	0.017

Price($)	Vol.	No.
0.032	39173	1
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no worries mate, page-3

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no worries mate, page-3

Top Stories

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Aurora Energy to sell namesake project for US$26M in buyer's shares

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