Ann: Appendix 4C and Quarterly Activities Report, page-16

BRN market cap = AUD$1.5 billion

Receipts from customers for the quarter were US$0.1M.


How can you make sense of this? One possible answer lies in the definition below...

It seems to me BRN's current share price is completely disconnected from its fundamentals at the moment and is being driven by irrational exuberance of gullible retail investors who get worked into a buying frenzy after believing everything uprampers/pumpers post on social media and stock market forums without questioning it.

A good general rule of thumb is, when things sounds too good to be true, they usually are.

It is important to realise there is no guarantee uprampers believe in the BRN story themselves. A good upramper just has to convince everyone else to believe in the story. After all, they need a ready supply of bag holders for their trades.



--------------------

https://www.investopedia.com/meme-stock-5206762

What Are Meme Stocks, and Are They Real Investments?

What Is a Meme Stock?

A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms. These online communities can go on to build hype around a stock through narratives and conversations elaborated in discussion threads on websites like Reddit and posts to followers on platforms like Twitter and Facebook.

Meme stock communities can thus greatly influence the prices of those shares through coordinated efforts to, for example, initiate short squeezes in heavily shorted names. As a result, meme stockscan become apparently overvalued relative to their fundamentals yet remain elevated for prolonged periods of time as members of the meme stock community keep their prices propped up.