Hi stones66
Are you expecting news earlier than that forseen by the CEO when he commented that first commercial contracts are not expected until ‘early next year’ ? [see SMH 28/09/20 interview in spoiler].. Plus there was that other ‘expert’ comment that real values will not be able to be assessed until between ‘six and nine months’ from now?
My (psychological) take is that - without news - the price might still be bouncing on the mattress right now rather than settling down to sleep it through for up to five months or more.
I look at
-the uncharted territory ahead,
- the crazy overblown global market
- the US elections
-China
-Traditional bargain times that happen around December when institutional traders take breaks
..and wonder if anything hits the apple cart, if investors will be running to this company as a ‘safe haven’ stock or fleeing in droves.
- The fact that - just before its’ astonishing flight - BRN’s last financial report (August) “ outlined circumstances which would cast uncertainty on its ability to continue as a going concern.” (see SMH story) makes me hold back from buying more until there is more certainty.
For the record I don’t want to ‘milk pips’ and trade this company in its current situation, and have no axe to grind except that I don’t like seeing naive investors burnt and it is clear many have been
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)