Hi T, don't despair - I'm in the same situation. I bought in early at 2.8, then averaged up - as all the good books say - was happy for a time, then averaged down - reached just under 10c when cash flow ran out as I retired. Bu I am still confident - and would buy more if I could. Let's think about this logically (not with just faith - faith is about believing in something without any evidence):
1: some say it will never work. Ok - we have only 2 prototypes - I haven't seen them in action, but one can't expect them to be as reliable as production machines. They do work - surely any problems can be addressed.
2: I said this before elsewhere - bricklayers aren't getting any better - they all have to learn from scratch, but any improvement in the Hadrian will be permanent and all future models will always be better. Also often they have to work in very difficult conditions - in Canberra, Tasmania, lot's of Europe it is very cold in winter and bricks are freezing cold - in summer in most of Australia they work in full sun.
3: Several have said that the Pivacs have already made their money, so why should they care - however here is what a good friend of mine said just before the dotcom bust - he was in the process of setting up an IPO for his business - I asked him why, as he already had made a good amount of money, and he said "why be wealthy when you can be fabulously wealthy?" - unfortunately the dotcom bust messed up his plans, but the Hadrian has the potential to become a multi billion $ business. Why would the Pivacs ignore that?
4: Many have complained that the H can't build face brickwork (yet). Leaving aside whether it ever will, please note that in Europe at least (and in Italy where I am more familiar), face brick is very rare - most brick/block buildings are rendered. Also, here in Oz, in most "full brick" houses the internal walls are rendered.
5: One of the demo FBR videos showed a curved wall - something difficult for bricklayers. Have a good look at this building in Sydney
https://www.alamy.com/detail-view-of-undulating-brick-wall-dr-chau-chak-wing-building-uts-business-school-sydney-australia-architect-gehry-partners-llp-2015-image381742718.htmlI would love to know how much the brickies charged for this.
Surely, when (not if) the Hadrian can lay face bricks, the Hadrian will not have any competitors, and the architects can go crazy inventing even more complex structures. Maybe something like the Sagrada Familia won't take 150 years to build.
Here is another structure, built with "augmented reality" technology.
https://link.springer.com/article/10.1007/s41693-020-00035-8/figures/1Wouldn't this be a piece of cake for the Hadrian?
6: Many are worried about the slow progress. So am I. However I do appreciate the difficulties, especially with all the naysayers. Maybe I am overly optimistic, but I feel we are getting closer. In any case I am sure eventually I will get my money back with interest, but I will hold on because I am sure it is worth a lot more.
Cheers - Go FBR.
