Exactly. BRN isn't even cash positive or turning an accounting profit. They are no where near having any material revenue streams.
From the most recent quarterly:
"During the quarter, the company had net cash outflows from operating activities of $3m"
and from the half yearly:
"an operating loss of ~$8.4m"
2021 BRN Discussion, page-26223
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17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $343.4M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 18.5¢ | 16.5¢ | $1.865M | 10.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1001708 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 167790 | 3 |
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| BRN (ASX) Chart |