Yup. Patents are great (and necessary) but won't shift the share price particularly in this current negative macro environment.
Anybody thinking about investing in BRN or topping-up will be waiting for further price declines.
Further price declines (and the current share price) have NOTHING to do with the company and market fundamentals.
When things get back to normal (after Putin gets knocked-off, Xi gets rolled at the Commo Party big event, the Democrats lose ground at the mid-terms, global inflation shows signs of regressing, the radioactive dust clears from the nuclear war, and the next solar eclipse is behind us) then we will see rapid recovery in the BRN share price.
Will be interesting to see the revenue number when the next QTRLY comes out. If that shows further substantial increases - look out.
Yup. Patents are great (and necessary) but won't shift the share...
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Last
19.5¢ |
Change
0.020(11.4%) |
Mkt cap ! $382.6M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 19.5¢ | 17.5¢ | $2.150M | 11.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 895465 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 865406 | 16 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |