Dredd probably blocked me but I'll respond anyway
fair enough im not going to argue with that...you asked for my DD i gave you my bear case ill put out my bull case (tbh I have been pretty negative lately and that isnt fair to holders so ill admit I do see both sides)
i do like the positive cash flow BRK has and the growing list of LT assests that should benefit the company bottom line for years.
I dont hold BRK and havent for a long time but it is incredibly 'cheap' it probably will hit 50m market cap which is 30m in cash.
ill be fair and say it is more a hold for me at 1-1.1cent region simply becuz its market cap is really low.
althought it may go lower for the 'true' believers and those who 'trust' management this is a no brainer BUY but as my bear case illudes to it is a big leap of faith to trust management...but to those that do this if this comes good this could be a multi bagger I don't doubt that and when the tide turns it could turn quick on the upside so I understand some of the LTH sentiment.
technials are also turning there is strong support at 1cent I reckon you might be seeing the bottom (ignore my 0.007 cent calls the TA hase changed which is a good sign) - the issue is there is a wall at 1.2 and 1.3 but if this can be breeched this could run back to 1.8-2cents - however the company needs a catalyst which as some have suggested a land sale or management buying on market could bring.
i do wish most of the holders here good luck as there is starting to look like a decent case for this one but ill wait a little longer as I want sentiment to go from neutral to positive.
DYOR this is not financial advice
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.27M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $4.16K | 335.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 15481980 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 21978053 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 15481980 | 0.012 |
38 | 37311735 | 0.011 |
12 | 5661919 | 0.010 |
11 | 5840014 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 21031396 | 30 |
0.014 | 25809334 | 18 |
0.015 | 6815278 | 15 |
0.016 | 3189193 | 12 |
0.017 | 12126445 | 9 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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BRK (ASX) Chart |