They raised $2,000,000 and suck more or less $700,000 a quarter (last and current as per quarterly). Almost two quarter gone (1 month to go) so we could reasonably expect a capital raising in 4 month when we have eaten the money from the CR (it is pretty dumb and obvious to raise when you have 300k remaining in the bank, when the market is going to hammer the market price expecting a CR). Could be later given that at this point, we will still have 1.7 mil in the bank.
FGR will be volatile anyway. Graphene/Not graphene and vein mining results can push the fundamental value of the company from 1 to 20.
Personally, given the recent announcement (which is actually ok in my opinion since we got an additional big vein and the DHTEM will tend to offset the randomness of the non JORC ressource, even if production is late), i am a lot more interested in potential deals involving the graphene production unit, because that is needed to make FGR a graphener instead of a graphiter.
And maybe i'm totally wrong and the market will price it and dive even lower. FGR is probably also getting punished for promising a production start and postponing it 3 times.
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