Other than CRH having option to walk away anytime including things other than fbr meeting milestones adding over 400 mill shares with probability of doing it again increasing by percent I can understand why we are bearish.
For a specialities stock looking for large reward we now need to be over 4.5 bill market cap for that dollar share and likely over 5 bill by this time next year.
I absolutely agree FBR will meet milestones and CRH want this to work. In saying that I can understand market sentiment although its not mine.
The CR was a real let down, the agreement if conditions met and it goes ahead is a perfectly piece of artwork for FBR to expand. Just got to watch that dilution.
FBR General Discussion, page-4638
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Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $111.0M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.3¢ | $67.83K | 2.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 654859 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 3252002 | 18 |
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| Last trade - 15.40pm 26/06/2024 (20 minute delay) ? |
| FBR (ASX) Chart |