A fun fact.
It is well known that lots of fly by night get rich quick ideas are floated as start ups on the ASX particularly in the mining industry. The IPO is published by brokers, the smart money comes in the retail follows the price pumps on open and the promoters, brokers and smart money jump ship with a bag of gold coins leaving behind retail hope and not much more.
After BRN was floated in 2015 the usual opening hype would have allowed the now acting CEO to sell out at a windfall profit which had he immediately invested his gains into Google his shares would be worth $263 million today.
In economics there is a thing called opportunity cost which is the value of a choice not made to pursue another choice. At he moment the acting CEO’s opportunity cost stands at about $180 million.
If that is not faith and belief in AKIDA technology advantage I don’t know what is and this same faith and belief is shared by Anil Mankar, Robert Mitro, and Adam Osseiran at least.
My opinion only DYOR
FF
AKIDA BALLISTA
2021 BRN Discussion, page-21429
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Last
27.0¢ |
Change
0.035(14.9%) |
Mkt cap ! $532.5M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 27.8¢ | 24.5¢ | $7.349M | 27.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 156211 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 624856 | 21 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |