From experience, this kind of market situation is reminiscent of the early days of FMG. In round numbers, FMG jumped from circa 50c to $5 and dropped back to $3 before exploding (based largely on the approval to use the existing WA rail services, which they had to get through legal action).
Many earlier investors were spooked and sold way too early, by taking those early profits. My business partner and I took those profits and did not get back on board, for various reasons, including my poor health at the time. The rest is history FMG went to $111 before a 1 for 10 consolidation, brought the sp to $11 at the time. Now at circa $16, my $30K investment would be worth around $10m.
Will BRN do the same? Who knows, but the facts show that if all the ducks align then it has happened before if what is on offer matures.
esp.
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