Well that's great to hear FS! Don't suppose he said why the heck...

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6151

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29/07/21

18:56

Post #: 54880813
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Originally posted by FShannon: ↑

Hi @spid81, @6151, @Bigglesworth, et al,

I just got off the phone after speaking briefly to Mike Bell. He comes across quite well, very friendly and easy to talk to and told me he is happy to speak to SHs at any time. I recommend you all take up the offer and give him a call, if you have any concerns.

The reason for my call to Mike was to raise concerns about the lack of update about the Gerdau deal both in the recent 4c and his letter to shareholders, especially given the fact that WG had set expectations back in Apr and May. I made the point, that in hindsight, it was probably not a good idea for WG to make the statements he did. Mike gave me the feeling that he agreed.

The good news is, he CONFIRMED that the Gerdau deal was still very much progressing and he did say he was disappointed that it was taking so long. But, he did stop short in putting a timeframe on the deal being completed. I also asked about the Gerdau deal with Nanoexplore and Mike made it very clear that Nanoexplore is a totally different beast to FGR and should not be considered a direct competitor to FGR.

His overall phone manner was positive and upbeat and he gave me confidence that more good news was not far away.

I must say I was very pleased to hear that the Gerdau deal was still being negotiated, even though there is no timeframe for completion. Maybe WG needs to take a leaf out of Mike’s book and not quote dates for the completion of anything.

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Well that's great to hear FS! Don't suppose he said why the heck he's only responding to phone calls and not any of the tweets, emails etc?

FGR Price at posting: 23.0¢ Sentiment: None Disclosure: Held
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