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3.9¢ first graphene limited

The Sri Lanka factor, page-9

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tigmeister

14,050 Posts.

140

19/04/24

19:37

Post #: 73432471
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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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Do First Graphite still retain access to this mine? Can it be restarted?

FGR Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.9¢		Change 0.000(0.00%)		Mkt cap ! $26.12M

Open	High	Low	Value	Volume
3.8¢	3.9¢	3.5¢	$9.98K	263.4K

Buyers (Bids)

No.	Vol.	Price($)
1	13198	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	83823	2

View Market Depth

No.	Vol.	Price($)
1	13198	0.035
1	10000	0.034
1	30275	0.033
2	83333	0.030
1	18214	0.028

Price($)	Vol.	No.
0.040	83823	2
0.043	122904	2
0.045	100000	1
0.047	342518	4
0.048	110500	1

Last trade - 13.18pm 07/11/2024 (20 minute delay)

FGR (ASX) Chart