Takeovers Panel - Nido Petroleum, page-6375

It was fairly clear and unambiguous, NICNAS was the key to unlocking sales into multiple customers just waiting for that approval, BE by end of the year (2019) and 2 to 10M pa EBITDA.by mid 2020. That statement drove a SP increase to 32c in which the companies largest holder sold into.

Leading into this years AGM I am fully expecting to see a bonus payment to the executive within the annual report or a bonus payment/issue as a resolution at the AGM.

If the combined retail holders many of which post on HC don't at the least vote a strike one it is an endorsement of mediocracy and a signal that you are all happy to keep getting diluted down to nothing. Where did all that strong news flow go that we saw during the entitlement offer? A month and a bit of work done so the executive could keep getting their millions for another year or two while holders hope for real progress.

New graphene companies are coming, some are coming to the ASX and will lap FGR in no time at all driven by management who want to be a success not one that just wants to cash a check.