You are one of the few voices asking about cash flow. With or without the JV signed, they are going to run short in the next few months.
What is their longer term funding plan? No real updates on Australia based projects and working machines - regardless money takes time to hit the bank account.
The JV is very much FBR taking the majority of the risks. The US demos were breakeven (if that).
Leaves them with a few options outside of another few rounds of capital raising. No idea what Brickworks and others are thinking with this all-in focus in the US.
Hoping CRH come to the rescue here.
FBR Price at posting:
3.7¢ Sentiment: None Disclosure: Held
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