FBR 0.00% 2.5¢ fbr ltd

Last check trading volume at 13.8 mio shares approx.Thats about...

  1. 407 Posts.
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    Last check trading volume at 13.8 mio shares approx.

    Thats about 0.3% of our outstanding float.

    Rough average about 50 buyers buying and selling. I.e. 25 traders on each side.

    I.e. approx 276K shares per day trader, each each approx trading value about $5,200.

    Each of these small time Aholes with 0.006% holdings (276K shares) can dictate the superficial value of our company. Let that sink in.

    FBR remains one of the highest percentage owned by top 20 holders -59%. Including what we see on HC, it will be over 60% at least.

    Till the tide turns, we will be hostage to these daytraders small time Aholes.

    Had FBR not ANN the CR on the day of the CRH Agreement, the SP would have settled at a higher level possibly 3.5c area.

    I can never guess why they did that. But they did at 2.7c and the SP "naturally" gravitates towards its. What we have now is the remnant downward momentum of that plus no concrete indication of timeline. Other than SAT will happen this calendar year.

    Our current short interest is very low. And there are no evidence of any major player shorting us. Theres nothing to short at this point or the past 3 years anyway.

    I dont think sub 2c will last for long, its trading momemtum. Good for those who want to top up. Just bear in mind these Aholes will buy at sub 2c and sell off at 3c.


    https://hotcopper.com.au/data/attachments/5944/5944510-0238f73c44a26a70d61d43b60a0ba601.jpg


 
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Last
2.5¢
Change
0.000(0.00%)
Mkt cap ! $111.0M
Open High Low Value Volume
2.5¢ 2.6¢ 2.5¢ $19.04K 755.4K

Buyers (Bids)

No. Vol. Price($)
9 1797438 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 2500000 1
View Market Depth
Last trade - 15.55pm 03/05/2024 (20 minute delay) ?
Last
2.4¢
  Change
0.000 ( 7.69 %)
Open High Low Volume
2.5¢ 2.6¢ 2.4¢ 707625
Last updated 15.53pm 03/05/2024 ?
FBR (ASX) Chart
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