Versarien Share Discussion Threads

[spid81] 28/10/2018 22:28

@loglorry,

I have also taken a screen shot, I really hope for SG1 that he deletes his posts,

FGR have already taken legal action against two HC posters that I know about
Yowie21 and Froggy$,

If you check the HC threads or their posting on the FGR threads on the 17th of October,

[spid81] 28/10/2018 22:21

Hi Superg1,

It was part of a Video by Dr Andy Goodwin that was part of an official ASX announcement.


Announcement


Direct Video Link



Regarding Traxys, Do you know who Traxys is, They are a commodity trader who have access to companies link Samsung, Tesla and Panasonic,

You might understand why Traxys has provided a loan to build a stockpile of Sri Lankan Graphite when you watch Warwick April Axino video. they talk about traxys at 7:50min



Warwick, also backs up Andy Goodwin's comments about the near doubling of the compressive strength of concrete,

My favourite part is when he mentions that FGR are in discussions with a number of parties for offtake / supply agreements that would require all of FGR production.
around 6:20min. there has been a slight delay with Firestop / agreements, it is to undergo certification in the UK next month,

Well worth watching,

[loglorry1] 28/10/2018 22:21

Crikey I do hope you have a good lawyer. You just called the Warwick a complete fraud!

Screenshots taken.

Don't worry I expect he won't be too litigious..

One thing we probably both agree on is that Jessica seems very nice.

[spid81] 28/10/2018 22:05

Hi SG1,

Sorry guys I do have to correct another misleading post,

I don't know why your attacking a company that you clearly think doesn't produce graphene, you really must be worried about FGR.
Getting back to mining.

FGR have a supply agreement with the Sri Lankan Government mine, for all of their high grade 97%+ carbon graphite,this was extended in early 2018 for another 2 year period,

They have had issues with mining at Aluketiya, the did get upto the 500kg per day with the expectation of producing 200tpa, FGR did needed to retract their statement about mining rates, this is due to the company not having a JORC and the nature of narrow vein mining.
Another ASX Graphite Company, Lanka Graphite, also provided forecast on their future mining rates,they also had to retract their announcements. Here is Lanka Graphite's announcement, It explains the ASX rules better than FGR’s

Lanka Graphite Limited (Company) refers to various statements made in previous
Company ASX announcements in regards to future graphite production targets of the Company.
The Board notes that narrow vein underground mines are not within the scope and statistical parameters of typical mining projects and the JORC regulatory regime. Therefore, after consultation with ASX, the Company confirms it will not make any statements in regards to production targets and retracts all prior statements and references to production targets. The Company will announce production results as they become available. Any reference to production estimates or targets in prior Company announcements should be disregarded by investors in making investment decisions.

[bobsworth] 28/10/2018 22:02

Putting the record straight! Loving it !

[vrs1] 28/10/2018 21:55

Who do we trust - our CEO who has a proven 100% record on honesty or the doomsters? I know who I trust - Neill Ricketts!!!!!!!!

[vrs1] 28/10/2018 21:52

Neal Ricketts - The quality of lying and deceit is very poor on the bulletin boards this weekend, very sub standard

[superg1] 28/10/2018 21:47

Spid

Not a trick here but you did say it.

Can you direct me to where the FGR results on concrete gave a near 100% improvement in strength.

I have checked the annual report but oddly there is no mention of the big gain, can you advise where I can find it?

I have you on filter but will check your posts for that specific reply.

BTW I'm well aware that Warwick made that comment in an interview. Big gain that, where is it in official news the the Annual report would be a good place to put it.

The skipper

Correct, sticky wicket is an understatement.

[the skipper] 28/10/2018 21:44

I see that loggy has been banging on about why NR is monitoring the ADVFN board. He is obviously not familiar with the AIM rules which require companies to monitor discussion boards and other forms of social media to ensure that inside or false information is not being spread. Twitter provides an opportunity for him to highlight transgressions, but I would hope that more serious transgression would lead to legal action against the offenders, so some are batting on a sticky wicket imho.

[dreamcatcher1] 28/10/2018 21:03

Please don't be wrong.


When an error is made unintentionally, it is a mistake. When an error is made intentionally, it is a lie. When a mistake is pointed out, but still clung to, it becomes a lie.

[superg1] 28/10/2018 21:03

Back on the graphite point and a header back in the day re all these BS Graphite mines.

'Stop the “boast fest” with graphite, warns analyst'

It's fine popping on here trying to spread BS on sectors others have not studied, I have and looked at FGR, Talga, Stratmin and various others over time. BTW the US for some time did not have any graphite producers, I think there is just 1 now, I'd have too check but analysts think there are none in the US.

On Point.

FGR are full of BS and their big claims re Vein graphite is no different. Best this best that, but the reality is the graphite is in very difficult locations in thin veins and mining underground.

FGR went through s stage of repeated Fk ups re production and put out various warnings of their failure.

In short they got to about a rate of 200kg per year. Yes you read that correctly.

FGR value 200 tonnes as Aus $571,008. That's about £300k.

So what do FGR call that really awful mining rate in news

'Strong Improvement in Vein Graphite Mining Rates'

That's the reality of what they acquired and filled investors full of BS with.

but they fessed up

"The Company has found the development of its 100%-owned mines to be a challenging exercise"

At this level of production it is now only 10% short of the original planned rate of 200 tonnes p.a. from each shaft, which is still viewed as an attainable rate within the coming months.


Blah blah blah and they go on to day such mining is no walk in the park.

They didn't get to 200 tonnes in a YEAR.

Thats was realised on the 26th March 2108 saying how great they had done.

TWO DAYS LATER on the ASX.

Amendment to Strong Improvement in Vein Graphite Mining Rates

Consequently, it is not appropriate for investors to review mining announcements by the Company according to the same terminology. Rather than be predictive in its releases, it will report according to actual production.
As a consequence of this amendment of the Information the Company advises the Information should be disregarded in making investment decisions. It would be more prudent for investors to await further announcements on actual production levels as they are achieved, removing any element of speculation concerning production rates in their decision making.
It has been the express wish of the ASX that the earlier statement be retracted, so we agree to do so.

[loglorry1] 28/10/2018 21:00

Dreamcatcher I'm not making mistakes. I'm simply pointing out that if I am wrong please tell me so it can be corrected.

I note after all my posts this weekend all Neill could pick out as wrong was that I said "filed" rather than "granted".

Why was Neill reading a forum moderated by SG1. He comes across to me as a complete loon. His posts are almost illegible and full of obvious mistakes.

[vrs1] 28/10/2018 20:59

Philbstar - I accept much of what you say is correct. However, the share price is ultimately driven by supply-demand. The doomsters/shorting could and probably did impact on demand. That is fact. I still have faith. Once the first order comes, we will see see a spike to new heights. Imo.

[diversification] 28/10/2018 20:59

Disagree Phil, the fall had a strong correlation to the general market sell-off. Many growth stocks have fallen in tandem.

Yes it could be argued that many stocks got ahead of themselves but for every day that passes here, VRS have a strategy and that strategy is close to coming to fruition imo.

The pace of market adoption is impossible to quantify but we appear to be near the ‘tipping point’. Exciting times.

[dreamcatcher1] 28/10/2018 20:56

loglorry1 - Why are you making so many mistakes? and you say you are happy to correct if pointed out. So if they are not pointed out they stand as you hope. Very strange.

[loglorry1] 28/10/2018 20:52

I'm not asking for exact pricing on a per collaboration basis or anything daft. I just wanted some sort of ballpark. If it's going to sell at a massive premium to the competition then it may well justify the £150m premium in the market cap.

If it's going for around the $150/kg mark then I'm again mystified why folk think it's worth paying so much for VRS shares.

I think concrete sells at around $40/tonne. If you want to put 1% Nanene in there then for each tonne you need 10kg of nanene. If as some people have suggested Nanene is to be sold at $1000/kg it becomes very expensive concrete even if it is much stronger.

What I'm trying to get at is what sort of pricing is realistic?

Remember VRS are trying to scale to 3000kg/yr.

Again appologies for any mistakes which I'm happy to correct once pointed out.

[philbstar] 28/10/2018 20:47

VRS1 the fall in share price has had very little to do with shorting. Quite simply the price got ahead of its self as the talk of imminent great news increased. Lots of extreme positive views in the lead up to AGM were posted on this site and others and NR himself did not help matters with his suggestive tweets. This is going to be a long haul in my opinion and one of the problems i have is that we have a CEO who does not dampen but fuel the speculation and therefore VRS is likely to see significant volatility in its share price The same negative posts appeared on the way up but you are taking a different view of their effectiveness simply because the market was given the impression that good news on the collabs was closer than it actually proved to be. I appreciate many of you have significant sums invested in VRS. I value my sleep too much for that. I genuinely hope it flies but you have to understand that the price rose on hope on short term speculation and has subsequently fallen because the news to date has not materialised.

[diversification] 28/10/2018 20:45

Spid, you said you are only here to correct people on comments about FGR, why the change in tact?

‘Can anyone list the high end applications that VRS are intending to sell Nanene into?’

Not the first time you have done this, trying to bring VRS activities into question when you know only too well that many of the collaboration partners have not been revealed for commercially sensitive reasons, or like FGR the collaborations are ongoing.

This is why I can’t help but question your agenda, even though some of your content is of interest you appear to have a hidden agenda.

[spid81] 28/10/2018 20:44

Can anyone list the high end applications that VRS are intending to sell Nanene into?