Jax-Tiger

I don't know much about anything, but I know that a lot of what is being called "graphene" is actually just fine graphite powder.

The graphite powder will work in many use cases where the objective is to strengthen the product.

The pure graphene that Hydrograph will work in many cases where the graphite powder will not, and in other cases, will work at much smaller load levels. If you have to use 1/100 or 1/1000 the load amount, it allows you to reduce the weight of the product, reduce the space needed to store the graphene, etc. The hope is that even if the cost of Hydrograph graphene is higher, the lower load levels will make it cheaper to use.

One of the biggest named advantages of Hydrograph graphene is the consistency from batch to batch. Traditionally, graphene comes from mined graphite that is exfoliated to produce graphene. The purity and size of the particles can vary based on the purity and contaminants in the graphite feed stock. With Hydrograph, they control the purity of the acetylene gase, and since it is created using a detonation process, the consistency is the same from batch to batch. That is important in many cases, especially with big companies that use tons of graphene - they need the product performance to be consistent.

In addition, they can fine tune the graphene by adding ingredients like oxygen to help with the electrical conductivity.

Your question is valid, though. We don't know yet what the demand is going to be. It may be that pure graphene is not needed for the use cases that require the most product. Maybe the super pure graphene is only required for niche cases where exact consistency of graphene is required. That's what we're going to find out about in the next 6 months, we hope.

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If you are spending 45 billion, to make 10 billion, that’s not a sustainable business.

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I think that is the point. That is not what they are doing. They are not spending $45B in order to make $10B. They are making $10B while investing the $45B that will return $30B+ a year in 2-3 years. The $10B came from capex invested in previous years. They won't see revenue for next year's capex in 2027.

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I hope it doesn’t hit.

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Yep.

I think this is all foreplay. The real action starts once they break ground in Bellville and get a NASDAQ listing. At that point, we need to see graphene sales.

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The 2027 guide of $12-13 Million in revenue is much lower than I expected and I hope he is sandbagging

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I thought this might be the case - that guidance would be conservate, now that they are seeking shorter term leases and variable pricing due to auctioning off their capacity. This should lead to higher revenue, but means revenue is less predictable. Do you risk a big miss next quarter or go conservative.

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they’d be buying the paint from a manufacturer

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That's splitting hairs. If the DoW tells Sherwin-Williams to supply graphene enhanced paint based on testing they've done with HGRAF graphene, then they will do it. The graphene would be for government uses, no matter who signs the invoice.

I don't know if you noticed, but a good number of people that Hydrograph has hired have military/government connections. I think they view the government as their best bet to get a huge contract.

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Again I just don’t see the US DoW ever contracting directly with HG.

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I am thinking Department of Transportation with highways and bridges would come to mind.

If the DoW decided to paint all of their ships, tanks, and planes with graphene infused paint, I'm not sure they wouldn't purchase the paint in bulk, directly. The DoW wouldn't buy directly for some uses, but they work closely with their contractors to design and build weapons, and may be directing them to use graphene for specialty uses, such as airplane and satellite stealth capabilities, armored vehicles, and body armor.

ETA: Left out the Department of Energy. Energy storage, high capacity anodes, supercapacitors, semiconductors, and electronic coatings all can be improved with graphene. We may need to harden our electronic grid against EMTs, etc... I don't know if the DoE would buy direct or just ask their vendors to use it.

Who knows how many of the vendors testing with Hydrograph right now are government contractors.

I got a little tingle in my plums when he said "large US Federal sector"...

ETA: They continually talk about and seem to be hiring people to connect with different federal agencies. They have stated that they are not pursuing small accounts.

I have been trying to make sense of the pivot to redomiciling earlier this year and the slow walking of the Bellville facility. Is it possible that they are getting signals from federal agencies that they want to purchase graphene in 2027 in mass quantities, and that has been their primary focus - to get those contracts signed?

Hydrograph on Page 7

I think the court starts going through the docket at 9:00 AM PST.

I honestly don't think this will move the market that much, but we'll see. Anything after the last couple of days is buffer.

If they wait until after the redomicile is completed in January, the price will probably trickle down.

Given where the price is, now, redomiciling plus one contract and Bellville news will take it above the NASDAQ threshold, IMO.

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At least, that’s what Grok told me.

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Well, there it is. It must be true... :lol:

I have asked that same question. When will they be able to make announcements that could affect the value of the company. It makes sense that it comes after the courts sign off, but I keep reading that it is "After the redomicile is complete", which sounds like January...

I went to school here in the 1980's. The expectations are different now, and that is good. Under CCM, the hope was that we would get a bowl game and be ranked in the top 20. That was good enough to keep the coach.

Today, the expectation is that we make a run at the NC. If we don't do that for 3-4 years, the coach will go.

That expectations are higher, and that is a good thing.