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5.6¢ first graphene limited

The Sri Lanka factor, page-2

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GaryPewd

22 Posts.

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29/06/22

05:41

Post #: 62261210
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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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which crisis is it you speak of exactly?

FGR Price at posting: 11.5¢ Sentiment: Sell Disclosure: Held
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Last 5.6¢		Change -0.002(3.45%)		Mkt cap ! $36.91M

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