2.6.2 Outlookxxiv FGR could achieve operating breakeven levels soon, as current customers have contracted for 5.5 tpa Meanwhile, planarTech sourced 200 kg in 2020 and is expected to increase sourcing to 1 tpa in 2021 (my note: so - does the recent distribution partnership agreement add to this 1tpa or is it inclusive?) while Steel Blue and Aquatic Leisure Technologies should begin contracts in February 2021 with quantities of c. 2 tpa and 2.5 tpa, respectively. The manufacturing breakeven for the Henderson facility is 6 tpa, based on production costs of 10 tpa.
Cap raise this month planned, hey? Won't be impressed if they go cap raise and then breakeven announcement... !
FGR Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
