i dont think there is dishonesty T... maybe a case of a psychology that isnt well suited to the stockmarket, perhaps an investment manager might have been a better path, each to their own mistakes.. as i said i havent looked at their forward sales guidance.. maybe they are about to go cash flow positive to justify a 200m market cap. but aside from that the whole eggs in one basket approach is highly risky and on face vaule appears a very reckless approach... if that stock drops to its all time lows again, will it cause him to capitulate again? will he have a stop loss stategy to minimize his loss.
our company here is speculative in terms of being a potential multibagger.. but in terms of staying solvent while its searching for a bonanza, it has a base profitability to stop is from being obliterated every time money an exploration doesnt yield something substantial unlike an explorer only situation
we have other added cushions such as sector undervaluation and potential major asset class rotations swinging in our favour soon that will probably be a tailwind for 1 to 2 decades, it is a certainty that money printing will continue and gold is heading further north with the only interuptions being liquidation events in the markets, similar to the japanese carry trade derivatives implosion.
his brick laying speckie may have merit if it is close to becoming a profitable company, but an overall recession could put a dent in new technologies being adopted, and who knows what will be in 5 years.. it could be superceded by other technologies, brick walls sold as prefabricated panels, 3D printing.. it could be obscelesant before it ever takes off... wouldnt be the first time a new tech looked great but didnt make it.
- Forums
- ASX - By Stock
- BCN
- Ann: Suspension from Quotation
Ann: Suspension from Quotation, page-52
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.64M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $49.44K | 2.247M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 4906294 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 1076912 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4906294 | 0.022 |
12 | 3474353 | 0.021 |
7 | 4139507 | 0.020 |
3 | 72768 | 0.019 |
2 | 188000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1076912 | 6 |
0.024 | 2196666 | 6 |
0.025 | 1441945 | 3 |
0.026 | 621970 | 3 |
0.027 | 349333 | 2 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
BCN (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online