Greetings Ash Happy New Year to all sorry its been a bad start to 2019 for FBR fans I'm afraid it's only going to get worse chart wise completely broken down
The gap at 8.5 filled many laughed when I said that would happen way back well its happened
Where to from.here its nos going thru what we traders call death by a thousand cuts low volume 3-4 per cent drops broader market firing last 2-3 sessions its not looking flash for FBR
As a pointed out some time ago the thing is the market has ruled out FBR HX been the game changer we thought it could be I still think it has a real place in construction but sadly innovation is catching up.and passing FBR every day
Ok what to do well one things for sure given there likely cash burn and at the end of the next quarter they seriously will have to look to raise capital big time to commercialise this machine -that in its self will not be an easy task if it's a SPP
The likely catalyst to do that will be there outdoor build with the absolute pathetic viewing platform in a factory yard they are fair dinkum kidding -Again
Get it out on a normal green fields development start building houses show ponying to put out a CR will be a total joke Again.
I think ifs in real danger of going back to near the IPO price this year if they do not start signing binding contracts and find someone to build this HX en mass -enter China only way to go for them now
It's in the 7s soon likely 5s on first build where do they raise then 4 cents
Sooner of later sub holders are going to bail out in my opinion.
It's pretty obvious CAT saw flaws in the machine in my view and hence why no interest from anyone else no sales not one its now looking like a pipe dream really
It's turning into a nightmare I wish some here would have seen the obvious way back I was a fan of FBR but it started smelling very badly for me way back hence why I got out when I did
Where are all the rabid fan bois gone?
The performance shares execution was one of the biggest jokes I've seen in 30 years of investing in markets
When if ever are they going to sell the DST tech to anyone if it's that great a big coy would have bought it out by now its obvious as Troopy has been Telling us that the whole thing just won't work for builders
Frankly at this point I would not be touching ASX FBR with a barge pole until after the CR and some binding sales and mass assembly of HX is sorted
For now it's Toast city that's the harsh reality
