Ann: A$25million Equity Capital Raise, page-183

I'm not so sure about that now.

In this case the semi-conductor sector has fallen into a correction and potentially a bear market.
I don't see any maximum capitulation pain here yet with BRN.

Multiple capital calls and a CR at depressed prices. That could mean prices are as high as they may get for a while. Otherwise if so much was on the horizon, they'd know they could raise at higher, say later in the year at less dilution.

Sorry, I just don't think we are even close to bottoming out here on BRN.

The way Viana talks is as if he's waiting for 2030 to come along and the next business cycle before he expects any commercial traction.

What happens in 3,4,5,6 years when at the end of the market rout (30-50% that comes every 7-10 years)? Worse still, 70-80% like the Dotcom rout. BRN will probably be 3-5c again in that likelihood.

Doesn't seem at all like BRN will be getting any commercial traction by 2026-2028. The big companies aren't going to naturally give up market share in AI.

If it does occur, it will probably be over 10-20 years and at least one depressionary deflationary environment. How happy will older long term holders be about that? Maybe for kids and Grandkids I guess will have some nice stories to tell. There was this flog Baulklikegresh on Hot copper that said BRN was cooked, now 20 years later 3 generations of my family is set for life. lol