Very well said. This has been brewing & the seeds have been planted for years on end.
This is why the SP has been held up with a wall despite there being little to no known profits / revenue. If you mix the retail investors, institutions, LT Loyal Holders etc, it is obvious that people have faith which is ultimately what has kept BRN a float, even during very quite periods where we may hear no ASX announced news for quite some time.
If BRN was "worthless" or "creating a useless chip" like some claim on here, I think this stock would have been crunched below .10c and back to square one a long time ago. It wouldn't be on any companies radar. It wouldn't be in the limelight like it is. It wouldn't have been adopted & partnered with some of the biggest names in the industry.
All of the rest of the 5-10% SP increases are shorters shorting and doing their thing. BRN is one of most shorted stocks on this market and it is very easy to see why. It attracts a lot of people who hear things on the grapevine rather than do their due diligence to research prior to their investments. Any-who, there will be a day that amateur shorters get burnt hard.
If you are new here, make sure you don't get sucked in to these little games.
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Last
19.3¢ |
Change
-0.013(6.10%) |
Mkt cap ! $352.6M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.0¢ | $883.0K | 4.510M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
76 | 4283579 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 344519 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
77 | 4299179 | 0.190 |
60 | 1767417 | 0.185 |
58 | 1814799 | 0.180 |
26 | 623657 | 0.175 |
26 | 401545 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 344529 | 14 |
0.200 | 533973 | 12 |
0.205 | 680543 | 17 |
0.210 | 1043453 | 21 |
0.215 | 560681 | 10 |
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