And worth noting that as a company FBR will ride through any financial or economic storm that occurs in 2018 or 2019.
Yes the share price would/might take a hit (maybe even a large hit at times), but FBR has zero debt and loads of cash.
Enough cash in fact to pay for another 2 years of operations at least. Therefore as a company FBR cannot fail due to local, national or even a global financial/economic crisis during 2018 or 2019.
It isn't until FBR reach the sales phase and FBR starts to rely on revenue to survive that FBR is exposed to the risks of a financial/economic crisis.
Bottom line.....if you even take a super conservative view that the share price will only rise from here at 16 cents to 24 cents at the end of 2019, then FBR is a better return than cash in a bank account.
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $183.3M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.7¢ | $143.3K | 3.758M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 5720747 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 633995 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 5720747 | 0.037 |
18 | 2603171 | 0.036 |
16 | 2816970 | 0.035 |
9 | 714505 | 0.034 |
3 | 618182 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 633995 | 5 |
0.039 | 1263157 | 3 |
0.040 | 2755221 | 8 |
0.041 | 150000 | 1 |
0.042 | 500000 | 1 |
Last trade - 15.32pm 05/11/2024 (20 minute delay) ? |
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FBR (ASX) Chart |