Well folks, like many of you today's news has been a gut punch, and as someone who has ridden the FBR rollercoaster for a decade now, I have to say, I am finally reaching the end of my patience, and I say this as someone whose average price is 4c, I know the pain will be a lot worse for many others.
While the JV was never a 'sure thing', I can't avoid the inescapable conclusion that yet another big player has declined to partner up with FBR. Is it the machine? The accuracy? The price? The Pivacs? I don't know, but FBR it seems is not an attractive dance partner to a big player who has seen more and knows more than us, once again.
I feel I must have developed some sort of Stockholm Syndrome for the Pivacs, because the lack of communication has frankly been atrocious from the start. There is simply no excuse for this, the Directors are remunerated handsomely yet are completely derelict in their duties to us shareholders.
Against the rational part of my brain which is screaming 'SUNK COST FALLACY!' I am hoovering up a few shares at 2.3c to bring my average buy into the 3s, but in my heart of hearts, I can't say I strongly believe in FBR anymore.
In hindsight, it now feels as if they've been circling the drain/pushing bullshit around rooms for years now, but I desperately hope I am wrong as can be!
Are there any reasons for optimism left? I would love to hear some...
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Frustrating - Where to next?
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $23.66M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $131.9K | 27.49M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
133 | 71818363 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 9007308 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
133 | 71818363 | 0.004 |
54 | 40901295 | 0.003 |
22 | 34908500 | 0.002 |
24 | 74028033 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 9007308 | 8 |
0.006 | 33324639 | 78 |
0.007 | 15064786 | 20 |
0.008 | 7110434 | 11 |
0.009 | 4457000 | 7 |
Last trade - 16.10pm 26/08/2025 (20 minute delay) ? |
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FBR (ASX) Chart |