hehe, looks like the times where the potential gets played is over for FGR. The trust got destroyed by the claims made without delivering on them. 20 tpa by 2019 and some hundred tpa by now is too detached from the reality of about 5 tpa, same is true for the agreed minimum order quantities.
The claims (ca. 12k tpa concrete potential) get even bigger, but not many seem to buy it. Nobody knows if they are able to achieve it... but I increased my holding by 25% near the ATL.
I think we all agree that if they succeed the current valuation is a buyers dream. Sad that we don't know for sure ;-) But we can take the latest announcement (Development and Commercialisation agreement) as an indicator. Before that it was simply a coop based on a university program paid by the public sector. But now Breedon wants to work with FGR and so they closed the bespoke agreement.
I think they are closer to a huge jump in terms of revenue than ever before. Yes it will take another 1-2 years and this will also mean 1-2 cap raises = dillution of 10-20%. Maybe cap raises are not needed if Keyser & Mackay is able to sell 15 tpa or BGC/C&O Concrete fill this gap....
Anyways trust is the concern currently and as long as they are not able to be profitable or at least have a really strong revenue growth this issue remains.
So up to you if you catch this "cheap" shares or if you wait for things to get more clear....
FGR Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
