Good Morning Benny, I spoke with Mike last week. I gave him a...

Good Morning Benny,

I spoke with Mike last week. I gave him a shareholder view on FGR and our current trust issues with management, I also raised several developments that were overdue for updates.

The discussion is what has changed my sentiment. IMO The sales volumes we all expect from our Western Australian companies were premature. FGR's new path of commercialisation I can see being more successful, we are already starting to see collaboration agreements with masterbatch companies to formulate new graphene masterbatches which are now entering commercial development. (HDPE plastic)

The concrete additive and grinding aids appear to be a sensible approach for the concrete industry. Going by Mikes comments in his recent video, the developments are only 3-6 months away before the additive or grinding aids are launched, these market are not small 1-2 ton markets, they are all thousands of tons.

IMO, we were never going to achieve these volumes with Craig running the show, Craig was expecting every customer to knock on his door. IMO Mike he is willing to chase a sale and is targeting large volume industries with his new sales highly experienced sales team, this is one benefit of having performance incentives aligned with your remuneration.

Short term, Investors will be disappointed with lack of sales, for the investors who are invested for the long term will see the benefits of diversifying into selling masterbatches, additives and graphene powders.