I have no doubt that it will. Sometimes we are at the mercy of Corporate actions that cant be disclosed. Perhaps there is a sense among investors that they have time to sell into the bearish sentiment and buy back cheaper, which amplifies any weakness. Companies can recruit PR or broker coverage to try and offset this but they cant interfere with the market, so we have to assume some responsibility for our situation. After all, every covering broker is telling us it is a screaming buy with a 10-16c current valuation.
So look at the bigger picture.
Here is an unattractive looking chart showing how broken historical support and a failed breakout of a downtrend have pushed us into this band where i assume speculators are looking to exploit the weakness. I've included the appointment of Integrous Communications as i think it will have relevance in a month or so.
Now have a look at this remarkably similar, albeit more advanced chart for BRN, with notes on when they appointed Integrous and when they listed their American Depository Receipts on OTCQX.
Sometimes, you just have to trust that things are actually going to plan, even though retail sentiment says otherwise.
I mean really, if you were a broker with a 16c price target on a 7c share and there was an easy opportunity to push down on it so it goes to 4c, what are you going to do, fight the pressure, or exploit the opportunity?
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.94M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 60000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49999 | 0.039 |
3 | 340000 | 0.038 |
4 | 657100 | 0.037 |
2 | 263210 | 0.036 |
3 | 365503 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 60000 | 1 |
0.045 | 202414 | 3 |
0.050 | 100000 | 1 |
0.052 | 180000 | 1 |
0.080 | 100799 | 1 |
Last trade - 16.21pm 26/06/2025 (20 minute delay) ? |
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