McHale you have got my interest what's the crazy shit going on...

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ausbenny

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24/07/23

12:25

Post #: 68944884
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Originally posted by McHale: ↑

So $830,000 is a much better lump than the previous pothole, but more importantly at this stage of the unfoldment of BRN is the cash balance of US$21.8m (AUD$32.42m), then we have outgoings of US$4.1m (they haven't actually denoted the $4.1m as US$ but I take it as such) so that is AUD$6.09m.

So that means at current cash burn figures, that BRN has 5 Quarters worth of cash, however BRN will have another call option with LDA before this year year is out, so with that in mind I hope the SP is in better shape toward the end of 2023.

Over the next 5 Qtrs, I further believe that cash inflows will increase significantly, (but please spare us any more potholes) and if that were the case then of course BRN might actually achieve a status of cash inflow positivity, which would put all holders in a greatly improved financial place, and with a possibly somewhat improved temperament to boot.

Regardless the next 4C will be telling because Mr Market grows impatient, and more importantly from my own personal views of the global macro economic picture (which is now impacting my attitude on many investment themes), I want to see some progress here asap.

I am well versed in the technology engineering, product & chip design, manufacture and sales runway story of something like a 3 to 5 year runway, however (and I don't want to come across as all negative) there is a strong chance that the economic headwinds Sean Hehir referred to a while ago could become significantly more challenging. I really do hope that view proves to be incorrect, but no doubt many of you have read views which mirror this possibility, and I will repeat I hope very much it proves to be incorrect - but there is some crazy shit goin on out there - and absolutely nothing would surprise me.

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McHale you have got my interest what's the crazy shit going on out there?

BRN Price at posting: 36.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.8¢		Change -0.013(5.68%)		Mkt cap ! $389.7M

Open	High	Low	Value	Volume
22.0¢	22.5¢	20.8¢	$1.131M	5.277M

Buyers (Bids)

No.	Vol.	Price($)
58	1579379	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	278776	17

View Market Depth

No.	Vol.	Price($)
59	1585288	0.205
96	2352654	0.200
25	793721	0.195
36	685280	0.190
17	385216	0.185

Price($)	Vol.	No.
0.210	294266	17
0.215	881464	20
0.220	678248	19
0.225	640306	14
0.230	478775	13

Last trade - 11.14am 24/06/2024 (20 minute delay)

BRN (ASX) Chart

McHale you have got my interest what's the crazy shit going on...

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McHale you have got my interest what's the crazy shit going on...

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