FGR 3.13% 16.5¢ first graphene limited

Ann: Steel Blue Signs Supply Agreement, page-15

  1. 6,157 Posts.
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    "Going on the P&L from last financial year FGR is running at an annual loss of $7,048,220."

    Not completely right Goyco, you need to add in a few once off costs.

    FGR wrote off the Sri Lanka mining assets due to them changing its focus - Graphene / Chemical production, this was $1.8 mil alone.
    FGR also changed its mind on listing on the AIM, which resulted in a loss of 720k.
    Another $57k was written off by electing not to move to 50% of the Best Battery deal.
    Plus $500k with depreciation.

    I am sure we have other one-off costs, i.e setting up GEIC, improvements to Henderson production facility,

    Total written off for 2019 was 3 mil, $7 Mil - 3 mil in once-off costs = $4mil / 250k per tonne Graphene = 16 tonnes,

    To date, we have at least 4 tonnes of Graphene secured in sales agreements with another 50+ companies testing our Graphene.
 
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