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5.0¢ first graphene limited

Does anyone else worry this displays questionable ethics from...

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WoodySpoon

9,670 Posts.

2906

06/05/16

20:23

Post #: 17699936
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Originally posted by waltavoc ↑

This from 'The Bull' this morning, but he wouldn't say anything to the contrary would he. At least the exposure is there and coming out.

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First Graphite (FGR)

Chart: Share price over the year
Announcing it can convert its high grade graphite vein into graphene at the rate of 80 per cent in less than 24 hours places it at the forefront of low cost bulk graphene production. The same low cost process can be used to make the highest grade graphite product of 99.9 per cent. It all comes down to the best profit margin with low capital and operating costs. First production should be available to the market in the 2016 third quarter.

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Does anyone else worry this displays questionable ethics from the person running the company? Providing a buy recommendation as "an analyst" on a company you are running. Yes he disclosed "an interest" but IMO I don't think this goes far enough at all.
Then there is the dual role (and shareholding) with FGR and PAK which has a large stake in what will be a company refining FGR product. Is there a possible conflict of interest here?
Interested in opinions. I think it's certainly sailing close to the wind.

FGR Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $32.96M

Open	High	Low	Value	Volume
5.0¢	5.1¢	5.0¢	$1.712K	34.08K

Buyers (Bids)

No.	Vol.	Price($)
3	23650	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	13118	1

View Market Depth

No.	Vol.	Price($)
3	23650	0.047
2	34316	0.046
3	312370	0.045
3	160375	0.044
1	83500	0.042

Price($)	Vol.	No.
0.050	13118	1
0.051	42213	1
0.052	185807	1
0.053	239315	1
0.054	378119	3

Last trade - 10.02am 27/08/2024 (20 minute delay)

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