I believe the recent BRN stock price appreciation was overdone, and the pull back to a more appropriate level has hurt many new investors, who bought in during this frenetic time.
Whilst I was able to significantly increase my holding during this period, many others are now much more circumspect about our little Aussie battler. I for one was initially surprised by the modest reaction to Akida’s validation, but clearly this had already been factored in.
I believe that the establishment of a presence in India will be beneficial to the company, both from a technical development perspective, and for the commercialisation of Akida.
However, stockholders are more cautious now and IMO, this means for the stock price to continue appreciating, announcements such as the revelation of which organisations are participating in the Early Access Programme are necessary.
IMO, the company must work hard to get these projects to a point where names can be revealed.
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