First Graphene - continuing to make sound progress

It didn't take long to answer last week's question of whether or not the All Ords had peaked. The strong rise on Wednesday answered that question, initially. However, all that effort was wasted when the US markets started to have palpitations, with volatility, that is typical of markets trying to decide where to go next.

Headlines were talking about a correction in the markets after the weak performance on Friday night, based on fears of a recession. Fear and greed drive markets. At the moment, fear is the dominant emotion at the big end of town. At the bottom end ... well, the dominant emotion is still depression. It is a pity that we can't use the NDIS debacle to receive payments for the mental illness that is weighing down on the minds of many of the punters.

Regular readers will be aware that I have been involved with First Graphene (FGR) as a shareholder and chairman for around 10 years now. That sounds like a long time, and it is, but it is not uncommon in the new technology space.

The share register has turned over a few times since the company first went into graphene, with the traders moving in and out while the longer-term investors have kept the faith. I mention the company from time to time, but today I will present an opinionated piece, coming from the view of a director and a shareholder, that puts the company's progress in perspective, as evidenced in the latest Quarterly. 

 WeeklyComm3August2024.pdf