Probably worth taking a step back. FBR now gets traded a lot more then it used to as liquidity is significantly higher since landed in US. The VIP SAT is irrelevant, probably shouldn’t have been on presso but doesn’t really matter.
The way this trades, it is clear the market is dubious about the JV and what it actually means. All this tells me is that if the JV is signed and $40 mill US funding comes in for 20 machines FBR will get re rated significantly. As it should.
I have confidence CRH see that value and will execute JV, some may disagree hence the market. But if it does, it will get re rated but then it means other WAAS will get signed and I think quickly and there will also be plans set up and contracts signed with Leibherr.
At the moment it is all noise until that happens, trade in/trade out. Brickybum will make some cash, but if the JV gets signed. FBR is a completely different company.
Probably worth taking a step back. FBR now gets traded a lot...
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $207.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 102800 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 238119 | 1 |
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| Last trade - 16.12pm 01/11/2024 (20 minute delay) ? |
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