FGR 1.72% 5.7¢ first graphene limited

The Sri Lanka factor

  1. 389 Posts.
    lightbulb Created with Sketch. 199
    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.
 
watchlist Created with Sketch. Add FGR (ASX) to my watchlist
(20min delay)
Last
5.7¢
Change
-0.001(1.72%)
Mkt cap ! $38.23M
Open High Low Value Volume
5.8¢ 5.8¢ 5.4¢ $23.33K 422.7K

Buyers (Bids)

No. Vol. Price($)
4 88419 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 56247 1
View Market Depth
Last trade - 10.30am 13/05/2024 (20 minute delay) ?
Last
5.5¢
  Change
-0.001 ( 3.51 %)
Open High Low Volume
5.5¢ 5.5¢ 5.5¢ 46687
Last updated 10.30am 13/05/2024 ?
FGR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.