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FBR - FBR Limited

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Joules MM1 said:
new investor, now CAT out, FBR no longer an underdog, price on a 25-30% pre-release...leaky boat?
Click to expand...
Definitely looks like LB Syndrome as you say Joules ….. Accumulation from the lows been going on for 5 days prior to the spike … there will be some profit takers on this first move off the lows … always hard to read the first spike
 
Up 20.55% today closing at 0.088c

FBR and Brickworks officially form joint venture to deliver automated brick laying to Australia

Robotic brick laying company FBR (ASX: FBR) and Brickworks (ASX: BKW) have officially started a joint venture which will see the duo provide Wall as Service operations to the Australian construction sector.


The duo has established Fastbrick Australia as a subsidiary to deliver the joint venture with each company owning a 50% stake.


Fastbrick Australia will now begin pilot program operations to test a new brick developed specifically for FBR’s Hadrian X construction robot.


“We are very pleased to have a joint venture partner in Australia with the reputation and scale of Brickworks to jointly offer Wall as a Service to the Australian market,” FBR chief executive officer Mike Pivac noted. More...
 
A building pilot program agreement between its Fastbrick Australia business and Western Australian builder Archistruct Builders & Designers.

The first stage is a demonstration stage under which Fastbrick Australia will supply Wall as a Service (WaaS) for between five and 12 house structures on FBR premises using a range of designs supplied by Archistruct.
 
frugal.rock said:
Holding since 24th June.
Not sure what has caused this recent movement... don't care.
Safe as bricks and mortar.
Click to expand...


Relinquished their JV with Brickworks (amicably)
New contract signed with Archistruct Builders & Designers
$2.8 million Rand D grant received.
Hadrian Robot increasing production up to 200 blocks per hour with future projections aiming for up to 1000 blocks per hour ... That would be worth watching!

Nice entry btw FR
 
I guess the memo went like this,
"buy until Friday midday, then start taking profit"
 
Completely forgot about FBR until this morning when I noticed a spike in the share price. They have inked a deal with GP Vivienda to supply Wall as a Service ('WaaS') for between 2,000 and 5,000 homes in Mexico using the Company’s Hadrian X construction robot. GP Vivienda is a developer of Master-Planned communities in Mexico and this deal is FBR's first North American contract.

If this goes well there might be more contracts for FBR down the road. No mention of revenue from this deal and there are the usual caveats about the deal being subject to certain milestones.

There still seems to be some life left in FBR. Will be watching to see if they can actually build a real business out of their bricklaying robot, or whether this deal is just a one off. Time will tell I suppose.
 
Conveniently forgot about FBR
greggles said:
There still seems to be some life left in FBR. Will be watching to see if they can actually build a real business out of their bricklaying robot, or ...
Click to expand...

FBR Limited is looking for $4 million on Wednesday to develop its existing technology and to advance the next prototype.

The offer was for 222.2 million shares at 1.8¢ each, which was a 10 per cent discount to the last traded price and 19.3 per cent discount to the 10-day volume weighted average price, and a mere shadow of its earlier self. Now 2c .
 

Jeez, FBR is looking as sick as a dog. Ugly chart. Might be time to get the shotgun soon. I thought their technology was a great idea that might reduce the cost of building houses (and kill some jobs, but who really wants to be a bricklayer anyway?) and make things easier for those trying to get into the housing market.

But they just can't seem to get it together and raising capital at 1.8c is going to dilute the hell out of existing holders. I'm getting a bad feeling about FBR now, the same kind of bad feeling I got about this company.
 
i hope not , i hold BKW and SOL

and the patriot in me would like to see an Aussie business make a go of it .

however there might be more down before the upside
 
and yes SVW , CSR and ABC , i would LOVE to see more brick/block buildings

am still thinking on a return to BLD ( hoping SVW will buy the remaining shareholders out with a scrip deal )
 
FBR goes with Brickworks, Australia’s largest brick producer, to raise $1,929,628.40 via 107,201,578 shares at $0.018 per share, the same price as the placement completed on 24 June 2022 representing a 14% discount to FBR’s last closing price and a 15% discount to the 30 day VWAP.

The new shares to be issued under the placement will rank equally with existing FBR fully paid ordinary shares on issue and will result in Brickworks holding a 4.93% stake.

And up nearly 10%.
 
Nearly doubled their money .... FBR now $0.032
 
Price is going up faster than FBR's main robotic builder, Hadrian X, can build block walls.

Hadrian X shipped to Florida has arrived. ASX punters seem very excited by this.

FBR now has to pass Site Acceptance testing. Passing this will trigger a US$600K payment to FBR. Hadrian then has to build the external walls of 5 - 10 single-storey houses.

 
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