Ann: FBR and Brickworks form joint venture, page-140

omg so 50 Per cent to BWK lol talk about selling the farm that's possibly the biggest dud deal in ASX history surely shareholders would vote that rubbish down are they serious

They are in the Aussie market wow a market at the moment in the biggest slide in new construction for residential for a decade they still have to sell the idea to builders

Man if I was holding id be banging the phones to investor relations that simply is a horrible outcome for holders 50
Per cent what a joke

8.8 cents wow previous highs 30 man is be selling the spike like no tomorrow wait till the revenue gets dished out their still a little problem in two quarters err cash

The mother of all dilutive raising coming anyone chasing the minuscule pump would be very brave on my view this is almost a gimme to revert back under 6 cents once holders realise 50 per cent of a JV has been given for what ?

No.investment in the company by BWK by way of taking a stake ?

I feel for holders there's no way revenue will be tangible for some time for FBR to finally look like turning a profit

Think some need to read the detail a bit more if say holders will give this a strong rebuttal in the endorsement will the subs launch a second strike ?