Its an excellent report. FBR have just built 2 machines thats burnt through a fair bit, slowing down to 7.2mil for Sept for the FAT and DST tests. All being well they will have 2 HXs finished and working. Cash burn will then be much lower again IMO. Once BUILD 1 is complete the deals will start with CAT or others.
So if they have to raise another 12mill or so to keep the wolf from the door so to speak big deal. Only another 50 odd mill shares. You will probably find it will be to a cornerstone investor. Once they build their first house i think the phone will be ringing hot.
Great to hear about the wall system as well. That will answer a few questions that have been talked about re rising damp and weather.
Onwards and up from here. Keep up the great work Micky and Mark
Its an excellent report. FBR have just built 2 machines thats...
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