Graphene Nano Share Discussion Threads

[rob67] 04/1/2017 19:12

My thoughts exactly JH. Hope they don't manipulate the share too much. Heard some less than complimentary things about Darwin. Hope it isn't all true!

[john henry] 04/1/2017 17:12

It's mostly likely Darwin forward selling shares they will want the share price a low as possible for conversion.

[kenone] 04/1/2017 16:25

Quite a bit of selling today. Anyone heard/read anything relevant ?

[leedskier] 29/12/2016 17:28

That is an interesting example of globalisation not working efficiently.

The Auditors are part of an international network of some 200 independent firms but all trading under the umbrella of Crowe Howarth. it seems to be a USA set-up.

World Headquarters
Crowe Horwath International
488 Madison Avenue
Suite 1200
New York, NY 10022-5722
UNITED STATES

One of these firms is in the UK. This is the firm which was required to sign off the accounts for this British registered company.

Crowe Clark Whitehill (London) Ltd
52 Jermyn Street
London SW1Y 6LX

However, the firm which actually did the local audit is based in Malaysia.

Crowe Horwath International
Level 16 Tower C, Megan Avenue II
12 Jalan Yap Kwan Seng
50450 Kuala Lumpur
MALAYSIA

What the Board of Directors are hinting is that the 'difficulties' in preparing the accounts were in part because of a break down in communications between the London
auditors and the connected firm of auditors in Malaysia.

" Auditor limitations

Regarding the auditor's comments that it was not able to obtain all the information and explanations considered necessary for the purpose of its audit, the Company confirms that all information was provided to the auditor's partner company Crowe Clark Whitehill Malaysia, who carried out the audit in situ. However, the Company notes that Crowe Clark Whitehill in London was responsible for signing off the accounts and therefore must acknowledge certain limitations as the final signatory."

This rather suggests that GRPH needs to look for new auditors which can both conduct a local audit and can sign off reports.

[leedskier] 28/12/2016 11:39

Useful article on shale drilling in South West China (where GRPH/Scomi's contract to supply is).

'Suffering from exceptionally high levels of air pollution, China is committed to moving away from coal, which currently accounts for 64 percent of the country’s energy, to much cleaner natural gas. Developing the country’s huge shale resources – estimated by the EIA at 1,115 trillion cubic feet – is one way of achieving this target.'

[falia] 28/12/2016 09:28

5X MKT CAP

[leedskier] 28/12/2016 09:28

27 March 2015

Graphene NanoChem PLC

("Graphene NanoChem" or the "Group")

Readily Biodegradable Result of The PlatDrill Series

Graphene NanoChem (AIM: GRPH), the performance nanochemicals and advanced materials company, is pleased to announce that after 9 months of independent testing of the PlatDrill Series by the Council of Scientific & Industrial Research - National Institute of Oceanography, India, a world renowned oil and gas research facility, it has concluded that at 84.81%, the biodegradation level of the PlatDrill Series is ~25% higher than the standard specified by the OECD guidelines. Based on this biodegradation rate the PlatDrill Series has been classified as "readily" biodegradable with a non-toxic ranking.

As offshore oil exploration increases, water and environmental contamination risks arising from the increased use of drilling fluids, gas and discharge of drilling waste mud and drill cuttings into the marine environment has resulted in more stringent environmental restrictions in the chemicals and substances used for drilling.

Biodegradation is an important characteristic of drilling fluids to ensure that the fluids do not persist in the environment for long periods of time and how quickly the site recovers from its discharge particularly for offshore drilling. "Readily" biodegradable refers to a substance that degrades efficiently and completely.

The readily biodegradable classification and non-toxic ranking of the PlatDrill Series enables the Group to meet the technical and environmental performance of modern days drilling requirements, helping the industry reduce its environmental risks and overall drilling costs from waste treatment savings. In addition, it also enables the potential market expansion of the PlatDrill Series into the highly environmentally regulated market such as the Gulf of Mexico.

Jespal Deol, Chief Executive Officer of Graphene NanoChem, commented: "The combined strength of the performance of our PlatDrill Series and its superior environmental profile is providing the Group a unique competitive advantage in the market as well as reinforcing the Group's commitment in providing green solutions to the industry."

[leedskier] 28/12/2016 09:26

Drilling Fluids

The PlatDrill™ Series is a new generation of high performance drilling fluids designed and tested to satisfy the demanding technical, as well as increasingly stringent environmental, requirements of modern day drilling. PlatDrill™ “smartfluid” solutions, produced from renewable sources and enhanced by graphene nanomaterials, are engineered to perform in a wide range of drilling environments including, at high-pressure, and at high-temperature, with improved biodegradability and low toxicity attributes.

The use of PlatDrill™ fluids system in drilling operations can:

reduce well formation damage;
produce thinner filter cakes;
reduce fluid loss into rock formation pores;
preserve original rock formation pressure;
reduce wear on drilling tools;
reduce negative impact to the environment.

[serratia] 28/12/2016 09:10

Does anyone know the composition of the drilling aids ?

[kenone] 28/12/2016 09:04

Surprisingly muted response to that news. Thought we would be pushing on past 20p .
Well I bought a few more ..

[leedskier] 28/12/2016 07:28

"Together with its existing contract in Myanmar, which will re-commence drilling in Q1 2017, the supply into China market is expected to fill up the Group's order book for PlatDrill in 2017."

[isa2020] 28/12/2016 07:22

Wow, that's an RNS Expected 300 Wells in next few years. Contact US$359,678 for 2 Wells! Basic maths not taking into account other expenses and discounts, potential earnings of US$53m, not surprised that they got finance

[wskill] 23/12/2016 19:24

Yes mick an early Christmas present to me as well.

[madmick] 23/12/2016 18:24

well thats 8.839p more than we were expecting. lol.

[marketeer4] 23/12/2016 16:19

Graphene NanoChem, down 40%. The graphene products maker returned to trading on AIM after agreeing to issue up to GBP2.5 million in convertible loan notes under an agreement with Darwin Capital. Shares in the firm had been suspended when it delayed publication of its 2015 accounts and underwent a debt reorganisation earlier this year. The notes are convertible at a price of the lesser of 18.40 pence per share or 90% of the average of five daily average share price calculations selected by Darwin from the 20 trading days prior to conversion. Shares in the firm were quoted at 8.839p Friday.

[varies] 23/12/2016 09:56

isa2020
My reading is that the loan notes can be converted at the lower of 18.4375p and the current market price

[isa2020] 23/12/2016 09:11

Interesting to see that the load note if and when changed into shares is at a rate of 18.4375p per share

[marketeer4] 23/12/2016 08:55

Well having negotiated some finance allowing relisting is the first step back towards normality. Merry Christmas all long term holders and the hope of progress in 2017.

[plunger2] 23/12/2016 08:36

Wow. Powerball!!!

[leedskier] 23/12/2016 08:20

For Immediate Release

23 December 2016


Graphene NanoChem PLC

("Graphene NanoChem" or the "Group")

Issuance of Loan Notes with Warrants,
Resumption of Trading and
Update on Debt Rationalization


Darwin Capital Loan Note Issuance and Lifting of Trading Suspension
Graphene NanoChem plc. (AIM:GRPH), the international provider of nanotechnology performance enhancing solutions for global industries, is pleased to announce the execution of a subscription agreement for the issuance of up to £2.5m of Unsecured Convertible Loan Notes ("Loan Notes") as detailed below.

Pursuant to entry into the initial tranche of the Loan Notes, Graphene Nanochem has requested the suspension of trading in the Company's ordinary shares on AIM to be lifted and trading is expected to resume at 8:45 a.m. on 23 December 2016.

[2350220] 12/12/2016 11:43

"On our around the 7th Dec"
It's now the 12th.
Does this company ever do anything on time?

John