Now that we are well in the sub 5c range like i predicted. I think i will come back to FBR.
Personally i think something big is coming (like a binding deal with KSA) however, i still struggle to understand how FBR has ticked the boxes for FAT testing, indoor build, and outdoor build as being a success, yet continues to find problems? To me, these problems would have been aparent in the testing and builds and performance shares should have been heavily questioned at the AGM.
From what i have read, it is incredibly disappointing to see so much important information was withheld at the AGM, it is about time the board found a way to give retail shareholders a bit more respect, im hoping everything withheld is a massive future SP booster, although considering managements history with the CAT debacle, i'm dubious.
Also why anyone in their right mind would accept a capital raising offer at the same price as today's is beyond me and quite frankly a laughable gesture.
Despite all that, im now bullish again
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