First Graphite - breakthrough in graphene production!, page-27

Tylermax, I was intrigued by you comments that the OA options were unlikely to be exercised (because the FGR share price would not reach 20c by Oct 17th - 12 weeks away).

Considering that during this period FGR is likely to announce:

- initial production from one of its three current shafts,
- update on development of the other shafts,
- supply of it's first shipment of high purity graphite to IIM/Geofabrics, leading to the first bulk manufacture of a graphene commercialisation in a multi billion dollar industry.
- update on commissioning of its own graphene production facility at Nagrom in Perth.
- likely updates on testing of FGR samples by oil/gas drilling operator,
- possible updates on testing of FGR samples by multiple other potential users,
- location of other shafts to be developed.
- drilling results at other identified locations.
- etc.......(all sorts of possibilities of potential supply).

I would have thought a 20c plus share price by mid October was quite possible.

Just as a comparison, I have held for a while a small cap W.A. goldie - KIN. I bought in because of it's potential, and thought it undervalued. The SP languished even through positive announcements and development as the gold sentiment improved, until about 6 weeks ago when the share price was hovering between 8 and 9 cents. The company has announced further results of extensional drilling - good but not spectacular), the MD presented at a mining conference (same one as WG in Sydney), and managed to attract a new substantial holder to drag in some more funds,

The share price responded to these announcements steadily and then strongly, now around the 30c mark - a 3.5 to 4 x move.

My point is that the announcements by FGR over a similar period have not yet produced a similar response, and there are probably a number of factors involved there, but with other significant developments and announcements just ahead of us, the rerate could be strong when it comes.

It is possible "someone" is trying to hold back the price - just observing the after market auctions over the last 2-3 weeks would support that contention. The result almost every day is an EOD price way below the VWAP

The question - who would "they" be? " They" have to be (or associated with) a broker to take part in the auction.

Your first post inferred someone associated with the company, "I have it on good authority".

On reflection, you changed your stance in your following post... "an opinion from a reliable source", and you state that it was "not inside information".

Any more clues?

Or is it just possible you have worked through the thinking I have expressed above and seen the possibilities? Would be better not to have competition if you wanted to pick up some of that low hanging fruit.