FBR (ASX) Ann: FBR draws down on R&amp;D tax finance facility

Originally posted by GaryJitters ↑

Fair pick up, noticed last quarter they could demonstrate finance for 4.4 quarters.

The burn should be expected given they received funding directly related to the manufacture and deployment of three machines. It's not that I don't trust these guys and think they are dishonest I just think they are terrible at it so if I was M&G I would be making sure that is exactly the case and that the spending was done as per share purchase agreement.

If we don't have another tax rebate come in early next quarter, I don't see enough in the coffers for them to demonstrate 2 quarters by end of September. This of course leaves another CR in the cross hairs. Am I missing something?

If we raise 15% this quarter at dismal rates, I am not sure how the next 12 months goes without money coming in from contracts which is not a guarantee but rather a bet. Considering we would only have the 15% for 12 months of operational costs, to get the machines and a team to America, demonstrate the product and prepare for next stage. It just doesn't seem like it will cut it.

I don't expect building a few houses in the Perth streets will shoot the SP up, I can't see how a new announcement of a better lay rate will do doing anything either. All good things to see for us long term holders but I don't see it drawing in a new crowd.

They need orders of machines to take it past this phase. They need a JV, someone else not FBR to run the operational ventures. FBR are not suitable at all. We need a production/profit focused leadership team for that. Can they achieve that prior to starting to build in the US in 2024?

Last time I panicked about the money they resolved the issue by CR. That old trustworthy repeatable chestnut. We will have another one soon enough I just really hope they don't f%#k it up and give away shares at under 4c, what would be worse is if they felt good about it. Do something to get this well above 10c before you dilute us all please. Make it last, make it take us not to the next phase but through the next phase, so we are no longer living in this annually challenged survival capacity.

When we do survive the next 12-24 months we will absolutely take off, let's just hope the cost of dilution is minimal because 4 bill is a shit load for a 100-mill company. They are a little to comfy raising money and giving out shares for what I would like.

I'm not lost on this company quite the opposite just a little frustrated on the money spending and raising. They are practically giving away shares. Yes I know they have a lot more skin in the game than me, Yes they are leading a new market, I am very bullish on the tech if 110 proves itself. I am not bullish on FBR running a profitable business and I see this change being driven through someone else.

Similar to the last few years just hoping something comes in soon but yeah standing by next year should be huge for us just scared in how much more they will dilute before running a profit.

Expand

I see $73m in accumulated losses,
and now over $80m.
Without the drawdown they would have just over $9m
and the rate of burn,maybe just
over a Q of cash, if not for the drawdown.

No.	Vol.	Price($)
22	6283980	2.3¢

No.

Vol.

Price($)

6283980

2.3¢

Price($)	Vol.	No.
2.4¢	2977307	3

Price($)

Vol.

No.

2.4¢

2977307

No.	Vol.	Price($)
19	5921589	0.023
15	3109826	0.022
9	2977871	0.021
17	4235246	0.020
10	3993716	0.019

No.

Vol.

Price($)

5921589

0.023

3109826

0.022

2977871

0.021

4235246

0.020

3993716

0.019

Price($)	Vol.	No.
0.024	2977307	3
0.025	4246718	17
0.026	2272759	14
0.027	2661680	7
0.028	3571888	5

Price($)

Vol.

No.

0.024

2977307

0.025

4246718

0.026

2272759

0.027

2661680

0.028

3571888

(20min delay)
Last 2.4¢		Change 0.001(4.35%)		Mkt cap ! $106.5M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.4¢	$48.20K	2.014M

I see $73m in accumulated losses, and now over $80m. Without the...

Cultural heritage agreement puts Walford Creek exploration back on the map

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Belararox delineates another porphyry in Argentina at Tambo South

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Frontier Energy achieves key milestone for Waroona energy project

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Strike Energy secures $153 million for Perth Basin gas projects

Emyria's Empax Centre chosen for mental health clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I see $73m in accumulated losses, and now over $80m. Without the...

Top Stories

Cultural heritage agreement puts Walford Creek exploration back on the map

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Belararox delineates another porphyry in Argentina at Tambo South

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Frontier Energy achieves key milestone for Waroona energy project

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Strike Energy secures $153 million for Perth Basin gas projects

Emyria's Empax Centre chosen for mental health clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News