I'll say leave the shorters/bears alone. We need both buyers and sellers to make a market. The value of a company is measured by its potential earnings. As BRN does not have much in earnings yet, from a historical financial analysis point of view, BRN may be worth about 1c.
We are buying BRN for its future. As nobody can see the future, there is always a risk in investing in a company. We see the future as very bright for BRN but there are others who do not think so. That is the reason why there are shares available for you to buy.
And there is the issue of timing. When will BRN come good with multi-billion dollar contracts? Some may think end of this month or end of this year or 3 years from now. Why would I lock up my cash for 3 years if I believe they will not have any meaningful sales in the next 3 years?
When the share price drops 10 or 20c we blame the shorters and bears. Trading is a two way street, prices drop not only because people are selling, it is also due to people not buying. The share price will sort itself out based on the company's performance, not some bulls or bears airing their opinion on a public forum.
Concentrate your effort on finding useful information on BRN instead of wasting your time and effort blasting the bears. Let them be. If you don't like their sentiment, just scroll and move on to the next post. Are we going to kill ourselves if some troll said we are ugly or stupid?
Be kind to the sellers, we need them.
Chart, page-16936
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $323.8M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 16.0¢ | $1.039M | 6.226M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
53 | 2389988 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 94290 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 2282926 | 0.160 |
63 | 2366657 | 0.155 |
129 | 3429092 | 0.150 |
31 | 620931 | 0.145 |
36 | 636656 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 94290 | 7 |
0.170 | 679592 | 15 |
0.175 | 732429 | 19 |
0.180 | 1104473 | 21 |
0.185 | 849361 | 15 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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BRN (ASX) Chart |