Ann: FBR General Meeting Presentation, page-14

Disapointing.

Same old, same old. I don't see anything to celebrate in the presentation. When reading through the lines I see further delays, raise incoming at low SP, as Mira mentions one of my first thoughts HX110 is still a way of being ready (St James example FBR choosing to stick with 109), Not sure how we setup in US with a raise that gives them F'all considering current exchange rates. Throwing around big names, countries and numbers means f* all now.

The only winners here are large investment groups who can buy up large amounts at low prices. These will be the blokes who vote yes to everything, and they will win again.

My question which could change my personal sentiment in an instant is to Benzi, did you attend? where did this come from? "4. We are ready to sign a production contract with Liebherr following the completion of the exterior construction." what you have shared doesn't read well at all, what is the "exterior construction"? do you mean a single building at FBR headquarters outside, 10 buildings, 1 building in the streets of Aus or 10 buildings? A building in the US? If you attended mate anything else, you could share? IS this in the presentation and I simply can't see it?

It's been a disappointing run with these guys. Be a real kick in the guts if they continue to raise cash at under 5c because they can't draw in enough interest to keep a steady SP. It feels as if more dilution and another year running costs to the ground for little reward.

I am hoping someone attended that can provide a realistic view that is more optimistic.