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5.8¢ first graphene limited

The Sri Lanka factor, page-3

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tylermax

1,267 Posts.

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29/06/22

08:35

Post #: 62262665
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Originally posted by BlackBeak: ↑

Hasn't been much mention of the sovereign risk that is Sri Lanka.

The government has essentially locked everything down except for emergency services for the next 2 weeks. I'm assuming this means mining activities and the transport of graphite will also be on hold. I'd normally say there's a risk of the Government taking our mines, but they are mothballed anyway and we buy from the government owned mines already, so not as much of a risk.

But given cavitation isn't up and running yet, has FGR's supply chain been totally cut off?

The only saving grace which probably makes this a non-issue for the next few years is that we ordered a whole heap of graphite, and given lack of sales (and a large amount of unsold Graphene on hand going by the quarterly reports), we hopefully have enough to last us to the other side of this crisis.

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They have between 400-500 tonnes of the stuff in their warehouse, therefore short term I don't see an issue.

FGR Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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Last 5.8¢		Change 0.000(0.00%)		Mkt cap ! $38.23M

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