Excellent post valued member Lostdollar23 I can see previous experience with spec stocks shining through.
The problem is people buy dreams on the ASX in the spec end of town not a business.
They often buy visionaries invention which never gets to full commercialisation as they run out of cash time and people sick of funding lifestyles.
16 years and counting 120 million plus burnt so much dilution through raisings and the ridiculous giving of millions of performance shares for no performance re the SP.
I mean come on how many years does it take to get one machine right 5-10-20-25 years it’s been 16 years they couldn’t sell the model of mass machines for revenue as no one was interested in buying them for two million apiece.
Then hey let’s just use 2-3 machines out there for walls for service while we spend more on RND.
At least release the full financials from the Wellard builds all in cash costs per running hour savings to the builder and home owner profit for FBR.
Why has that not been shouted from the rooftops .
I beg the question is maybe there is little to shout about.
The walls for service model is very flawed in my opinion as the revenue needed to make a profit v capex PA does not stack up unless there is dozens of machines earning revenue.
Seriously when you have a cash burn of 20 million plus PA then knocking up walls monthly even with two to three machines won’t do Jack v the cap ex needed
They either need a serious machinery manufacturer as a partner or a Government like the Saudis to put it in full production offshore with big residential and commercial contracts with it
Why would they do that when they can just wait watch the cash and cap fall then just make a offer very very low 1-3 cents to just buy it out.
Wait it was sub one cent no one wanted to do that and that my fellow HC members is the problem with AS FBR lack of interest.
i refer you to the current buyers to sellers to reinforce that theory.
Blind enthusiasm and failing to admit you are wrong ultimately decides your fortune.
I fear for many with liquidity so low it will be tough to exit any large positions claimed as the SP implodes with a looming crisis coming over inflation and rising rates.
Thank you members for some solid discussion on ASX FBR
FBR Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
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