FGR continues to chop sideways on a lack of real progress. Recent management reshuffle realigns management core skillsets with company direction however still a lot of non core bloat within company leadership i.e. technology company pays an ex miner with a diploma of mining 500 to 700k a year.
MC will rocket to circa $300M MC upon full alignment of management with direction.
Continuing to make progress, the goal is to be cash flow positive in the near future. Face masks, mining buckets, concrete, polymers, capacitors, fire retardants. Seems to be making solid progress through the Covid19.
FGR is a member of the University of Manchester Graphene Engineering Innovation Centre and is regarded amongst the world leaders in graphene research.
FGR's PueGRAPH graphene is the first to receive approval from NICNAS and REACH to sell its products in Australia.
PureGRAPH research has identified product improvements in concrete, textiles, composites, fire retardency, energy storage and elastomer fields.
FGR have ongoing trials in place with two large Iron-Ore mining companies for wear linings and conveyor applications.
Early indications are these trials are very successful!
FGR are building a formidable business base and envisage they will become profitable within the next two years.
A solid ground floor opportunity for those with an appetite for high risk!
As always invest on your own research. I hold a small stake in FGR