@spid81
I feel I can respond to your post as I am referenced in it.
Not sure if you meant to lift your skirt quite so high ......
Let me update the End ResultABANDONED
- 49,50011a of explorationlicenses,
- 2 mining license,
- 3 shafts, where one is inproduction,NONE
- They have one of the world'shighest quality graphene 1-7 layers (4 layer average), most likely FGR are also the lowest cost producer, YES ONE OF.
- A production unit that canconverts i3tpa at 90% efficiency, (the ASX largest),DELIVERED
- One secured IP, 2 - 4 additionalIP's that are still being negotiated, NO VALUE- They have secured a partnershipwith Traxys to market and sell our graphite / graphene products to a global market, FAIL
- According to FEC, they have someof the world's largest companies currently testing there Graphene, Boeing and Ford. NOTHING BURGER
- They have a new premises that iscurrently gaining Environmental Approvals. No doubt we will hear of the graphene expansion plans once the permit is granted, the EPA application certainly detailed the future expansion,WHAT PLANS..The plans to build more capacity lead to what benefit? FAIL
- FGR Management are expectingsales order within the next few months/ before year's end, LAUGHABLE BEYOND LOGICAL COMPREHENSION
They have achieved all of this foran investment of only $l8mil. If you're not impressed yet JS (REMAIN UNIMPRESSED)
the company has a reported EV of $35-4 Mil (Feb 2017) I AM IMPRESSED HOW A MC OF $104m IS ACHIEVED ON MICROSCOPIC SALES.
no doubt now we are mining, AS ABOVE, SH CASH SPENT AND FAIL
the increase in graphene production and when the final IP's are all secured this figure we be easily exceeded, IF A COOKING POT OF GRAPHITE IS CALLED MINING, THIS MIGHT BE TRUE. "Easily exceeded" ... I LEAVE THAT COMMENT TO HANG IN THE AIR AND HANG ITSELF.
= = = = =
If you look at the statements I have underlined, you will find a common theme.
FGR is only ever successful if they spend shareholders money on in-house projects.
FGR's global presence extends to the bitumen out front of Henderson.
For other newer readers, the BEST battery , Firestop paint, VFD all went nowhere as did the cash FGR put in them.
To be fair FGR has achieved
graphene for face mask
graphene infused boot soles
graphene in a few swimming pools
graphene in a boat hull
graphene in several mining bucket liner tests
2021 AR shows FGR cash outflow totaled $8.6m. SH chipped in $7.6m
They have achieved all of this foran investment of only $l8mil. (and) a reported EV of $35-4 Mil (Feb 2017) Spend now totals almost $100m
Today EV is about $102m and losses $6.3m (this years underlying loss being AUD 5.1m)
Revenue from all that effort.. $341,000. A surgeon earns that on his own.
I thought this was interesting. There is a faint trend:
Year 16 17 18 19 20 21 1 Paid $ 67,328,257 $ 73,091,669 $ 79,104,128 $ 85,068,406 $ 95,778,819 $ 98,808,042 2 Issued # 306,977,310 364,261,237 403,784,543 445,849,952 525,667,832 539,900,237 3 Av Purchase Price 0.22 0.20 0.20 0.19 0.18 0.18 Has such a vast sum of money achieved very much at all?
