By StockMarketWire | Wed, 3rd January 2018 - 07:40
Applied Graphene Materials' board remains pleased with the progress that the group is making, shareholders at today's annual general meeting will be told.
Chairman Bryan Dobson will say: 'The board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies; funding customer collaborations and joint development activity as well as continuing to target further production orders.
'Following on from our initial production orders the business secured additional production orders in 2017. Whilst the magnitude of these orders is not large, they represent important milestones in the development of the company.
'The number of active engagements increased significantly in the year and currently stands at around 100.
'Targeting further additional production orders remains the greatest ongoing priority for the Group, as we focus on converting these additional opportunities into production orders.
'Following the equity raise in October 2017, the group is well funded as it seeks to capitalise on these opportunities.'
Read the rns placining at 36p with a book build then a open offer to all qualifying shareholders at record date nothing underhand here, but in my experience you will get them at that price or cheaper has the price drifts to that price anyway.
The potential of this product is tremendous however that is not the case for this company. It has been very poor in keeping investors informed on how it is progressing and of course that leads to rumours and the stock slides. The latest information supplied by the Company was a site visit in August, in which they state no material information will be given. Prior to that was a trading update in May. No news is always treated as bad news by shareholders in a high risk investment.
I think the recent sell-off is unfounded.
There is ongoing research into the usage of graphene and its application in electronics etc.
Here are some recent links I have read on the subject.
Source is Sciencedaily.com
"Graphene and other carbon nanomaterials can replace scarce metals"
"New quantum phenomena in graphene superlattices"
"Scientists move graphene closer to transistor applications"
I believe graphene will have in important role to play in many aspects of our lives, and its potential is being underestimated. I consider this a long-term investment.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.