What you mean today’s update was because of Mitch’s phone calls n e mails fair go !
Looks like she will come back to 15 cents by weeks end not a lot of conviction in the volume or buying dept
Trouble with expected updates they are usually priced in to a point
Just hope a binding CAT ANN does not come in a bear market which it looks like we are heading into should the US unwind continue
The devil will be in the detail with CAT and what FBR have to give away to get them to take on most of the risk manufacturing wise
I suspect preceding a CAT binding ANN we will see a significant first order
My feeling is the CAT MOU will be extended to suit the timeline announced today
I’m sure CAT want to see build 1 also before committing
Can’t you just see HX on tracks rather than a truck body would then be perfect for rough terrain like in war torn countries building quick shelters for the displaced people
Pivac said once he thought the UN should purchase a hundred of these I agree
The world needs social housing big time especially in regions affected by war and famine
Millions do not have a roof over their head
Imagine these machines building structures in slums like Calcutta for governments to house those who need it
The upside is there it’s just a question of nailing down the big kahuna in CAT now
We do that it’s a huge growth story long term
If we don’t do that it’s 6 cents in a flash and FBR will struggle to get this to a scale that makes it profitable
That’s the simple equation now for FBR
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