Given the current climate, you could apply the same logic to about half of the companies on the ASX where their industries have been forced to shut.
I personally think that the short-term SP of FBR and any possibility of a decent re-entry comes down to whether they Cap raise after the announcement that the Dayton house has been approved/certified combined with a strategic funding announcement/plan with a sizable partner.
If it's 1 of the two, the 15-day VWAP should be reasonable but if they tick both boxes before a CR, you might be looking at a more expensive re-entry.
Time will tell but FBR's progress and communication is certainly refreshing.
FBR Price at posting:
6.3¢ Sentiment: None Disclosure: Held
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