Hi Yowie,
I was thinking about you this morning on my morning walk, I hope you are well
I haven't communicated with WG since last year, I still remember his Axino video. wasn't he expecting FGR to have a MC of $500mil by this April 2019, I might need to watch it again.
I am not fussed by Gayle selling down, the reduction was only 100k or something like that, she was the 22 largest shareholder after Idjut,
I do agree its a bad look the small sale, most shareholders will have no idea of the connection,
I would much prefer if she sold her options.
If Gayle and Fadillah were both selling that would ring alarm bells for me and many others.
The Fibre Glass - I suspect that is being held back due to FGR not having NICNAS approval. the newGen order wasn't perceived well by the market due to the regulatory approvals.
no company can sell over 100kg pa without the approval. I thought the limit was 1 T, if you breach the rules its a $300k fine.
I am glad that WG isn't doing to raises anymore, the BB raise was a failure having the UBS nominee holders selling after getting their shares, Have you looked into Foster SB ? after every raise they have completed the SP has seen some significant gains.
we really need to attract new shareholders to the company, WG FEC IMO didn't have that much reach.
We will most likely see a research report soon from Foster SB. It has been nearly 4 years since the last one was completed by FEC.
Looking forward to the SP rise. Its been a long time since the SP was sitting at 21c.
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