I'm just as disappointed as yourself with their changes over the past couple of years.. The timeline shifts and intentionally vague information that has been provided to us is very frustrating.
We are pawns in this game unfortunately. Always have been and always will be.
They did however notify us that they changed their prospectus. Though at the time, I didn't appreciate it either.
The path to commercialisation they are taking is 'apparently' based on Market Research and Viability of the HX & FBR in the long term gathered from EY, Vivienda and Brick/block manufacturers.
Everyone wants to see a Disallowed in a year or two. The original prospectus and MOU with CAT was the easiest and fastest way to achieve that for the retail investor. Whore out the HX for some royalties. There is no denying that.
The Pivac's and FBR don't care what we want, or how long it will take for us to see a return. They're attempting to overhaul and revolutionize an industry that has operated in the same way for hundreds of years.
As I said, patience is key. We just need to sit tight and wait for them to build these commercial houses.
I also agree with you that the SP will drop until that is completed. Unless the Fastbrick Australia JV is so monumental (including the SPP) that we are back to the CAT/KSA MOU SP highs or above. I have little confidence that will happen though until the 10 builds are completed, tested and guaranteed by independents and the reports are provided to the market.
FBR Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held
(20min delay)