I am sure BRN are doing/will be doing, what is right for their shareholders - they are shareholders too.
As for "expediting some material contracts" - you have to assume they are doing all they can other than giving the IP away.
Clearly potential buyers aren't yet ready to commit - they're still evaluating/testing/learning/looking at options; they don't have product ready.
This is a tough time for Neuromorphic AI at the Edge - still nascent technology.
That's the problem with any bleeding edge advanced technology.
And let's face it - even if they announced a contract TODAY - it might be another 12 to 24 months before license revenues flow.
Hence the need for a cash-raise.
I am sure BRN are doing/will be doing, what is right for their...
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Last
31.0¢ |
Change
0.045(17.0%) |
Mkt cap ! $608.3M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 32.3¢ | 26.5¢ | $13.67M | 45.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20364 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 653900 | 10 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |