Post by
ridethewinners on Jul 28, 2024 11:13am
pretty boring so far
-the new director is not responsible for securing contracts, she is a director, not an employee. Her job is to attend directors meetings, serve on committees like audit, governance and compensation, not to do the job employees are hired to do
- with all the SWAN comments here I looked quickly at the company, but I see no revenues at all, no customers, no purchase orders, very little cash and no production capability. While I admire greatly anyone willing to start a new business, this does not compare to GRA doing $150 mill plus this fiscal year with cash and credit available to expand. If it works investors deserve a large reward for the risk they are taking.
- I am as frustrated as others with the pace of development here, but Dr SN may turn out to be correct. Virtually none of the battery companies are making margins, CATL is now under $60 per KWH and projects like Northvolt are being slowed. At best GRA would be a tiny cog in the industry, and although they may have contracts for Volta, if the battery market stays soft enforcing those contracts might be difficult. This is a big risk, and as much as I would like a resolution I can respect Dr SN being overly cautious
-I was pleased with the contracts announced last fiscal year, especially as the customers were paying for the tooling and then buying the product with a healthy margin. That is a stark difference with the SWAN announcements.
- Clearly the process of building a customer program adopting graphene is longer and more complex than I had expected. Covid probably slowed that, but we are done with that now, and I would hope to see more contracts in the next 6 months. I had added shares under $2 as I expected an acceleration, but this still very slow. Perhaps the new dry process has slowed validation as customers would want to use the cheaper dry graphene Black than the old process product. That should be clarified at the year end call due soon.
- perhaps on the next call DR SN will clarify any other product certifications they have, and shed some light on the validation process and regulatory hurdles they are challenged with. Pipeline coatings, drilling fluids and other uses have been mentioned by the company before,some depth there would help.
-This is still a small company, and perhaps it is a better buy at $4 once there is a faster adoption rate
and a longer customer list. Compared to the other small graphene ventures out there, the performance here is better than most (SWAN, GMG, STI). At least we have had a bull market in big caps to enjoy while we wait. Best of luck