AGM is coming up. The SP will continue to decline without anything new.
I believe they will be trying to put some good news out very soon and are cleaning the closet beforehand.
This announcement makes sense. Im not justifying it or sticking up for fbr but its been clear they couldn't deliver on objectives given to market for a while. the only difference is today it was announced.
The only one thing I can see that reduces the need for fbr to provide good news prior to AGM is the R&D rebate. If the moneys settled for another quarter they may not feel the need. Yet this will likely leave them to face the AGM group with a further declined SP. Hence why I'm thinking/hoping next week or two brings in something.
I'll admit A sell off beforehand is suss but that could of been for any reason as there is heaps of reasons over last months for people to move on from this stock.
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4.5¢ |
Change
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Mkt cap ! $215.5M |
Open | High | Low | Value | Volume |
4.3¢ | 4.5¢ | 4.2¢ | $148.4K | 3.404M |
Buyers (Bids)
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---|---|---|
5 | 1488242 | 4.4¢ |
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Price($) | Vol. | No. |
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1 | 7700 | 0.050 |
1 | 43183 | 0.048 |
2 | 2299 | 0.045 |
7 | 582938 | 0.044 |
7 | 823305 | 0.042 |
Price($) | Vol. | No. |
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0.041 | 15955 | 1 |
0.042 | 10000 | 1 |
0.045 | 655570 | 4 |
0.046 | 437652 | 7 |
0.047 | 1344784 | 5 |
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