I’m sorry Eqz but I have to strongly disagree with your...

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Nunga

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10/05/22

10:34

Post #: 61308406
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Originally posted by Eqz: ↑

Likewise, my first FGR parcel was back in 2017 at 10c.
I remember first hearing about graphene and being excited to get into the space early, FGR was flexing it muscles back then and it's quite surreal to see 5 years have gone by this more or less at the same price.

After reading the latest quarterly and the commentary from spid (who I also remember from 5 years ago) I think this is solid buying territory. Plenty of cash on hand, minimal risk of short term dilution, revenues finally starting to build up, partnerships and product development progressing very well. I like the risk:reward here for a 12month hold.

Will keep averaging down if current trajectory continues.

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I’m sorry Eqz but I have to strongly disagree with your statement “minimal risk of short term dilution”.

I think you must be overlooking the fact FGR still owes SMI $6m in either shares or pay back the outstanding plus 5% on top.

Correct me if I’m wrong but with the share price being below the floor price of 16c, if SMI decides to convert right now that would really sting resulting in more dilution than expected for shareholders.

Personally I think FGR should payback the outstanding, including the 5% commission and find a better deal as this deal reeks.

This is just my take on the funding deal and maybe I have it wrong.
If I do have it wrong please correct me.

FGR Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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