Good post, great questions. Although I am pro FBR I completely understand your sentiment and agree in many ways.
Although I can not determine what is about to happen I believe they will truly know potential outcomes from a second strike and that share holders confidence has been wearing thin.
What does this leave me to believe? Each of us needs to make our own decision. I am making mine on my own assumptions I have gathered from the following thoughts.
Archistruct pilot was completed some time ago. A display home meeting all the requirements before AGM would go a long way.
They themselves have highlighted in the quarterly reports about current finance. In particular the increased burn rate with less funding to back them up. Madjamo only just reminded us today about the 105 and that this model would of been used to build house by house to gather funds to slowly buy a second machine if that's what was required. To get to my point they are well aware of the burn rate, they are well aware of the sentiment, they are not spending down in recovery mode they are ramping up. This is all very obvious stuff. Be prepared for this to be addressed very soon and I think we will be surprised.
Wienerberger bricks have been at the fbr yard a while now. WB have advised through their channels that testing has begun. Feel free to read that last sentence again.
Last point I'll raise before I head off for the night. Releasing big news to far in advance of the AGM may not have the same impact as releasing the news at or just before the AGM.
Of course this is speculation. It could be very well wrong but could also be right. Regardless I'm here long term.
FBR Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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