They fly over the area and take a picture from the plane. so its...

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Youssef

703 Posts.

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22/08/19

10:37

Post #: 40091993
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Originally posted by nippa: ↑

Thanks for the images, Not really sure how this all works, are the Nearmap images on a two month delay? or is that all you have access to?

I actually went on the Nearmap website and registered to get access, about 2 weeks ago, and I am still waiting for their callback.
So perhaps it's not just FBR that have management issues, but at least Nearmap have some revenues in the bank.

Speaking of the 10 builds, I agree it could be interpreted widely, but with management credibility at all time lows they really need to pull this off properly.

The Annual Report due soon will be of some interest - particularly for me the audit report and the auditors opinion on FBR as a going concern. While nothing can be announced in the AR we might get some general insights. about CR intentions. Also some post balance date (30/6/19) commentary may be included, but aside from that we are as much in the dark as we have ever been.

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They fly over the area and take a picture from the plane. so its a little haphazard in terms of timing. I think there is one every few months - sometimes more frequent, sometimes less. I have a business subscription - not sure if you can get a personal one.

on the JV - BKW are exposed to 50% of the costs to the operating entity. That is how JVs work. It's not just a brick supply deal as implied above.
Those costs would probably include the JV leasing the HX from FBR.

FBR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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