Chart, page-19997

HI Manny

I usually spend very little time on the hourly charts. I only use it to see unusual behaviour in opening and closing trades (more focus on opening)

On the daily charts I have noticed that the last lower-low at 0.405 that was broken down to 0.35 seems to be attaching attention especially from above the daily candles bouncing of it. Its like a waterline. It shows up on your hourly charts. I suspect that if its broken again the candles will spend some time underwater.

Weekly charts are un-pretty.

Lots of great news about the use of the chip and then absolute silence about the money.

Reminds me of a poor starving author, lots of rave reviews from everyone who has read his book but he is still cold, homeless and hungry.

You can't eat opinions, they don't warm you and they can't protect you from the elements.

His name is BRiaN


With one more capital call from LDA BRN has enough to survive until Q2 of 2024. Unless something changes after that they will need to take a knife to shareholders pockets.

It will change eventually, but when.

I free carry my BRB non ASX300 stock if I sell then then CGT will be due on 50% of the capital gain. I will hold them for div's unless I can balance the CGT against some of my underwater species.

I want to top up with more BRN (now in the ASX300) but this time in my super where I won't pay CGT as I am over 60.

So I am like you looking for opportunities. But I am conscious that there is still 6 weeks to the June quarterly report. Even when the report becomes available there will need to be some serious income hitting the books otherwise a further slide could occur.

I am focussing on the 6 weeks first of all. In the last 3 weeks the SP range has been between 0.35 to 0.465. That's a big difference

To put it in perspective for every $10,000 that's 21,505 shares at 0.465 or 28,571, that is a 7,000 share difference per $10,000. Not to be sneezed at.

So I am setting two targets for two separate buy's. At least one in the leadup six weeks and under that water line.

Anyway just my opinion, DYOR

good luck

Cheers Lies