As CraigVn said there appears to be a nice cup and handle appearing.
https://hotcopper.com.au/threads/fbr-chart.2911535/page-3122?post_id=32849974#.Wu7IYIiFOUk
More on Cup and Handle Formation
http://stockcharts.com/school/doku....s:chart_patterns:cup_with_handle_continuation
Should we see $0.23-0.24 in the not too distant future it would be hard to imagine CAT not being able to find $8m from somewhere in their deep pockets. After all $8m is not a lot of money for a company with a $87.5 billion market cap so it's hard to see them not taking up the options at $0.20, especially if FBR is above $0.20 and the value it could add to the company as a whole.
Now whether a production agreement is in place by June 30 is another question. Hopefully by the 15th of June FBR announces that they have successfully completed the assembly of both prototypes. Maybe that's why the Capital Network were on location. I doubt that they have been completed at this stage so perhaps the meeting was just a discussion with regard to the media coverage once both prototypes are completed in a few weeks time.
There's still lots of risk in FBR at the moment, but the upside is potentially huge. Still along way away from substantial revenues but should CAT take up their options and sign a production agreement FBR will no doubt be one of the best investments on the ASX for 2018.
I think June will be a pivotal time for FBR and will set the course for the remainder of the year. There will be a lot of interest in FBR once the prototypes are completed and CAT takes up the $8m, and this will form a solid base prior to the successful build and worldwide media coverage. That being said, there a many things that could go wrong and delays are more likely than not which will have a significant impact on the share price. FBR is probably one for the solid hand that see's the future of outside robotics.
