Gratomic Inc V.GRAT

how are they even paying for their bills? smh

[GabeBuffet]

we're an exploration/junior graphite company coming into production man...lol DEBT FREE

 
As per report (financial statements/report (SEDAR) 
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00026664

September 30, 2021  

Assets
Current Cash $3,339,143    (Arnie just donated another +$300k)  that's a dedicated man right there
Amounts receivable 3 786,224 
Prepaids 110,240

 Liabilities

Current Amounts payable and accrued liabilities   710,687 
Convertible debentures 7 - 
Note payable                                                         227,908 -
                                                                              938,595 

Long Term

Decommisioning liability 100,000 
Total liabilities                  1,038,595


https://gratomic.ca/2021/02/22/gratomic-becomes-debt-free/

Gratomic have enough money on hand to see it through until (production/sales) 

it's also worth noting, Garomic signed a definitive graphite concentrate sales agreement and exclusive marketing agent for continental Europe......

Pursuant to the sales agreement, PSK will purchase up to 7,500 dry metric tonnes annually, for a period of five years from the "date commerical production commences at Aukam"......
product ranging from 80% Carbon to 99.9% at prices ranging between US$500-US$2800 per metric Tonne..........

7,500 dry metric tonnes x US2,800 = US$21 million (annual revenue)  based on 37.5% of their (overall production of 20,000mt)......ofc this number will be much much higher If/When they sign additional off-take agreements.....(consider it a formality) wink

https://www.newswire.ca/news-releases/gratomic-announces-signing-of-a-definitive-graphite-concentrate-sales-agreement-and-exclusive-marketing-agent-for-continental-europe-889762257.html

Last but not least,  The PFS has been undertaken by Process Research Ortech Inc., based out of Mississauga, Ontario, Canada. The PFS to date has been able to independently verify that Aukam Graphite is capable of being upgraded without any chemical or heat treatment to a grade of 99.38% Cg. 
https://gratomic.ca/2021/09/07/gratomic-provides-update-on-pre-feasibility-study-independent-lab-results-and-the-aukam-vein-graphite-project/

[ThatGuyBeau]

Peeps buying graphite they don't know the quality of these days? Zero revenue tons of operating costs.  Not to mention travel expenses taking the sidekick clown mouth piece on overseas trips. 

[ThatGuyBeau]

ZERO REVENUE. CEO paying himself and promoters off raised cash with a sidekick posing for pics in designer belts without shoes on. Top notch stuff. Mouth piece puppet Candyman flitting around like a delinquent parrot. 

[ThatGuyBeau]

Who is "we" ??  Do you speak for the company officially?