Ann: FBR and Brickworks form joint venture, page-162

The SP jumped 20% today, so we are now back to where we were 2 months ago. Big woop. Thats great for any short term punters who just got in and it will more than likely retrace tomorrow as those punters take their profit.

We still need to double to get back to where we were before the CAT loss decimated us.
I honestly thought that if this deal went through it would mean a plan for more HX's at a shared cost to get these things off a production line. All the deal needed to say was that we would only buy bricks from them in Australia provided they develop a block suited for the machine. Instead we have just given away half all Australian earnings to the bloody brick manufacturer, for what, potential customers? Weren't we all told there was a very high level of interest in these machines? A (well overdue) good marketing team combined with the savings they say they can provide home builders and we would have ZERO problems selling walls. This deal was a mistake IMO.