It's certainly positive to have a few "small" revenue announcement in short succession. However, the market is not NOT fooled and the stock is only up 3c cobining both, going from 22c to 25c. I would suggest that given the "radio silence" on the stock for over 3 years and then a few positive signing, the market is simply not convinced this at all has changed the prospects of the company and the stock is being priced accordingly.
Lets just hope in the very near future the management can announce a "meaningful" revenue event, which should go along way to put a fire under the share price.
As well, there are alot of investors out there who have been burnt and caught out spectacularly on the "hype" of a notorious meme stock like BRN.
Fingers, toes, legs and everything else crossed that management finally delivers! Even after two annoucements in a week, we are still well below 50c where we were at a few months ago, with NO news of any kind.
GLTA, IMO & DYOR
BRN Price at posting:
25.3¢ Sentiment: Hold Disclosure: Held
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