FBR 3.85% 5.0¢ fbr ltd

FBR General Discussion, page-121

  1. 1,660 Posts.
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    The ten builds were signed off in the following announcement.

    https://www.asx.com.au/asxpdf/20191111/pdf/44bfsydg8wzfb8.pdf

    The display home being built is significant as that is the only thing holding up binding agreements "apparently?!" FBR's biggest problem atm is cash. How are they going to fund their working capital requirements going forward? Hopefully the plan is to build the display home and lock in WB into a binding contract for the supply of bricks and funding HX production. Once this is done, the market will be receptive to another capital raise. If they fail to get a binding contract after the display home is built then who in their right mind would chip in for another capital raise leading to no where?
 
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