Great analysis and agree with everything you've said. Those who can see the hard numbers & are financially minded, can make informed decisions and are not clouded by the noise on forums or social media.
If BRN still in it's early phase continues burning cash over an extended period, without much revenue to balance this out, then it is likely just operating on shareholder equity funds and borrowed capital to meet operating expenses eg salaries. These gaps in sales receipts are one concern as indicated.
The next report will shed more light and determine where our SP will be.
2022 BRN Discussion, page-10680
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $737.6K | 4.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 1587304 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 213251 | 4 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |