Ann: Response to ASX Price Query, page-57

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Bigbonzo101

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27/12/24

18:34

Post #: 77198964
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Originally posted by MarketingMan: ↑

In an ASX price query response it would not be appropriate for the company to speculate as to why they share price has suddenly escalated on no news.
Because, while it might be reasonable to assume it could be the delayed affect of two recent positive announcements - they don't know for sure. They can't speculate on what motivates each individual to start buying.

The price query from ASX is both a warning and a test "are you sure you aren't about to announce something and/or news has leaked?"

Brainchip's response was perfectly adequate and appropriate. Announcing instead "Yes! in recent weeks we made two brilliant announcements MAYBE this is the delayed effect?" would be frowned upon.

IMHO

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Would be frowned upon?

A Jr explorer could come out with a great MRE, and you won't see there share price start to really run until 2 weeks - 1 month later sometimes.

It's obvious that the semiconductor sector is also on fire currently, that's another reason.

All in all, price queries aren't what they seem and half the time they don't actually do anything.

BRN Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 21.5¢		Change 0.000(0.00%)		Mkt cap ! $435.4M

Open	High	Low	Value	Volume
21.5¢	22.0¢	21.0¢	$1.041M	4.863M

Buyers (Bids)

No.	Vol.	Price($)
46	5101638	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	274006	6

View Market Depth

No.	Vol.	Price($)
45	5054019	0.210
37	1357139	0.205
92	1730717	0.200
16	620026	0.195
30	404446	0.190

Price($)	Vol.	No.
0.215	274006	6
0.220	1411787	29
0.225	932268	18
0.230	736109	19
0.235	325225	10

Last trade - 16.10pm 17/06/2025 (20 minute delay)

BRN (ASX) Chart

Ann: Response to ASX Price Query, page-57

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