What a great update. Certainly have a very smart management team at FBR and they are leaving little to chance. Highlights for me:
- SAT in next couple of days
- 2 of 3 contracts signed with builders. Some slab's already laid
- next Hadrian X well advanced. Others a little further behind.
- 20 machines to be manufactured in AU. Potential set up for ongoing manufacture for AU market.
- ongoing delays on Mac trucks. Working on contingency plan for Isuzu truck chassis
- good explanation on the financing side and why this is a particular challenge. That by creating confidence on demand for Hadrian X utilisation, might open up more traditional financing options
- not being happy to accept congratulations at this stage with a clear view they have not achieved anything until they are embedded in the market. Very pleased they are not sitting back thinking the job is done. Great attitude to keep driving the business
In this world of "corporate speak", it was very refreshing to see all questions as openly and honestly as possible. This was a great update.
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