Focus Graphite Inc V.FMS.WT

Primary Symbol: V.FMS Alternate Symbol(s): FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).

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Focus Graphite Inc

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Post by JintsuGehanon Apr 30, 2018 12:08am

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Post# 27956964

GRAFOID SHELL

For anyone needing a refresher of what this "Grafoid" really brings to the table..see my Sept 17th 2017 post:

Carrying value of the Grafoid "investment" in ONE YEAR CHANGE has gone from a value of $ 730,407 from September 30th, 2016 to:

NEW carrying value of $ 187,038 (June 30th, 2017) FMS' "associate co." i.e. Grafoid took another net LOSS of - $ 543,369.

(Check out the 2016 loss - $ 996,324!!). Sad & for the "private investors" who partook in the $ 5.00 offering what a joke.

Ouch. SEDAR does NOT LIE.

JIN

As at June 30, 2017, the Company’s ownership interest in Grafoid was 18% and the carrying value of the investment was determined as follows:

		$

Balance, September 30, 2016		730,407

Dilution gain on investment in associate		-
Share of net loss of associate		(543,369)
Share of other comprehensive income of associate		-

Balance, June 30, 2017		187,038

As at September 30, 2016, the Company’s ownership interest in Grafoid was 18% and the carrying value of the investment was determined as follows:

		$

Balance, September 30, 2015		1,629,019

Dilution gain on investment in associate		93,426
Share of net loss of associate		(996,324)
Share of comprehensive income of associate		4,286

Balance, September 30, 2016		730,407