Far East Capital Newsletter
First Graphene adding hydrogen capability to its credentials
2 Jan 2021

In This Issue


First Graphene adding hydrogen capability to its credentials

Traditionally at this time of the (new) year the bears go away to lick their wounds. Those who wanted to sell in the end of year clean have usually done so. The New Year frequently opens up on a positive note, at least for a week or two, and thin volumes make it easier for the bulls to push prices higher. Maybe it will be the same again this year, but the travel restrictions caused by the coronavirus will have an impact. More people will be watching the market than usual.

The lacklustre performance of the gold price, going back to August, has caused traders to pull money out of the gold sector and switch into a range of different commodities. The thinner volumes in many of the speciality sectors resulted in good share price rises even though the fundamental merits were often found to be wanting. With the gold price showing a healthy uptrend since the end of November, we may see money moving back into the gold sector as money rotates. However, keep in mind that the weakening US$ (and stronger A$), has been a motivator for gold price movements.

First Graphene has recently made announcements regarding its work with Kainos Innovation Ltd that involves the development of a new, innovative route to the manufacturing of a “green” hydrogen that also provides high quality, battery grade graphene products.
 

Suite 24, Level 6
259 Clarence St
Sydney NSW 2000

Phone: +61 2 9230 1930
Email:
Far East Capital

Unsubscribe