Ann: FBR Executes Binding US Agreement with CRH Ventures Americas, page-222

The CR will be at 2.7c current price. My gut tell is they will go for a fair bit. Interested to see what BKW and CRH do.



In regards to FBR builds I reckon they are already sorted, Mike has previously said he knows what and where they are building in Florida when the Aus 110 lands as they needed to plan transport as the Hadrian can only drive limited kms due to Australian truck chassis. Once the 5/10 are completed, hopefully the 3 US are done and over there. Assuming they will get $6million for those.

This is a great announcement, not sure I am 100% on board with strategy, but I assume their tjinking is to get a heap of cash in the door so people don’t worry about CR for the US transition and leave value on table for investors coming in now. Hard for retail that has held through all the shit times as 2.7c with this news is a bargain IMO.

Having CRH marketing Hadrian in the US is more beneficial than anyone realises I think, this will be massive.