2024 BrainChip Discussion, page-3805

First 3805 Last

Share
Profile

Follow
Tanotfa

2,596 Posts.

1887

21/03/24

13:49

Post #: 72995378
Share

Originally posted by Lucretious ↑

Well said.

I have been accumulating as I see the first signs of uptake and potential increases to SP as a consequence of behind the scenes work being done, eventually leading to a contract of note. This was never a short journey and the ridiculous hype that surrounded this Company in 2022 was always people getting ahead of the development picture. A contract/license of note could happen at anytime, and with billions being thrown around in a desperate attempt to ensure the path going forward for the biggest players, BRN has to be getting more attention and could be snapped up for a relative song based on where it is now. A big player would spend the money just to block other players. Other mega players used tactics like that back in the day.

Volumes on a longer term timeframe suggest to me buyers have and are entering the market to accumulate. 35c is a steal compared to what some paid in 2022 at round $2.00, but the Company are so much further down the path of development and partner relationships. Will they need more funds - sure.

The mentality of ASX investors vs US investors are margins apart. I am more confident now that BRN is going to have its day in the sun.

Expand

@Lucretious ... In the shorter-term, BRN is certainly telling the right "FIBs" ... I think we are about to resume our Jan/Feb Uptrend.

BRN Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
20 Upvote

0 Great analysis

Reply

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply