Thanks for your reply, makes sense.

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andrewmackie

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17/05/23

13:23

Post #: 67821210
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Originally posted by P0RTER: ↑

short term speculation on a companies value cant be easily controlled and trying to in the short term wont change long term fundermentals. Beyond all the noise is real underlying value, and real value drives speculation over a longer time frame. The price of the shares will move based on financial statements like the next quarterly, people want to see real profitability now and growth ovwr time. The company would see little long term benefit from chasing the shareprice higher, best case for a long term holder like me is the price dips lower and the company deletes more outstanding shares, also the falling price will draw in the weakest hands which would be the same hands that will cap any real movement in the future. If people see the company chase the price up then those otherwise weak hands become reluctant to sell and the upward grind continues very slowly, for a true explosive move in the upwards direction we first need a move in the opposite direction, its like the recoil in a spring, first we have to load up. This is just my opinion, and it seems to be slightly supported by the fact the company hasnt moved up their buy price. I think logical accumulation myst prevail or I would become a concerned shareholder. Would love to hear others thoughts.

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Thanks for your reply, makes sense.

BRK Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.27M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$53.65K	4.471M

Buyers (Bids)

No.	Vol.	Price($)
6	1009458	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	19149844	24

View Market Depth

No.	Vol.	Price($)
6	1009458	0.012
49	42788061	0.011
18	10049062	0.010
11	5890014	0.009
1	120000	0.008

Price($)	Vol.	No.
0.013	19149844	24
0.014	26004638	20
0.015	10083433	19
0.016	2269455	11
0.017	11826445	8

Last trade - 11.36am 11/07/2024 (20 minute delay)

BRK (ASX) Chart

Thanks for your reply, makes sense.

Canadian fieldwork yields multiple pegmatites for Trinex

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Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

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Thanks for your reply, makes sense.

Top Stories

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Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

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Sellers (Offers)

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