FGR 0.00% 5.8¢ first graphene limited

The Sri Lanka factor

  1. 389 Posts.
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    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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