Originally posted by seanl
https://www.asx.com.au/asxpdf/20180409/pdf/43t1ky8lny5h0t.pdf
"After DST testing, the Hadrian X programme moves to a Factory Acceptance Testing (FAT) phase. This
testing process requires the Hadrian X to build structures in different configurations within a controlled
factory environment. It has been designed to ensure that the Hadrian X can lay blocks in every
combination,
including routing and cutting, from slab to cap height, as required for building low rise
residential and commercial structures. This testing process is presently scheduled to take several
months.
Following FAT, the Hadrian X will then move outdoors for field testing in preparation for its first house
build, a 3-bedroom, 2-bathroom structure, known as Build1. Completion of Build1 is presently
scheduled for the second half of calendar year 2018. All plans and preparations required for Build1,
including the 3D CAD model design, have been completed and approved and slab preparations
have now commenced for the Build1 structure."
I would argue that considering they announced FAT is complete and they built build 1 without routing, they are obligated to tell shareholders what went wrong.
Hi Sean,
I wholeheartedly agree with you on this one. Though I am pleased with their progress, particularly with the outdoor build, the burden of proof is on FBR to showcase how the HX will rout the blocks to allow the other trades to do their job
.
At the moment, there are too many variables to jump to conclusions... I.E is routing one of the hardest processes and by showcasing it now, they fear it will be stolen by competitors?
Are they not able to translate the FAT results into the ODB?
Are they only able to do it on very particular 3D CAD designs?
Are they waiting on the BKW JV to be finalized before releasing the Aus routing demonstration with a Brickworks Porotherm block?
Unfortunately little more we can do than wait to find out.
However, Kudos to Hokey for accurately predicting the markets reaction to the outdoor build. Unfortunately FBR blew the spectacle when they released the indoor video in November. Old news and we needed further international exposure. As a generalization, I find the Aus people far too set in their traditional methods.
For me, it's either legitimate agreements are signed in the next 3 months with BKW and WB... Or, FBR goes radio silent, drops to 6c or worse and I put this bad boy in the bottom drawer for another 4 years.
(20min delay)