You have read this well. I came to very similar conclusion. To answer your question that is exactly how it is written. Sometimes it is good to ask why? What are the motives?
I can only throw my opinion out. In my experience businesses often throw threats around in regards to government backing (Just look at any large miner and the benifits they receive, the political threats they give about business feasibility). FBR have recently stated how they are a large employer in western australia of engineering robotics specialists which has likely helped catch the eye of political parties. They will play this card to every advantage just like any other corporate structure. You would be crazy not to minimize tax and receive incentives
In regards to capital raising, it was always going to happen. I doubt share holders will be supportive if they don't bring more to the table than 2 HX machines but it's an important pickup point. There is no point in building more machines until work starts to become scheduled. It is risky to promise more machines without scheduled work but that will change when building standards are met for select countries and pilots bring in new fruitful partnerships. Approvals are an important part to get right.
Lastly a lot of pressure will likely be on them to bring a good hand of cards to the table at AGM and that is what I await. I'd expect some good news before any CR and be bitterly disappointed without it.
FBR Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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