Unfortunately, many on this forum got caught up in the hype when BRN SP rose massively without the revenue to support such an uplift. These are probably the same people who have no idea how the tech works and the product life cycle required to launch a product into production for their customers. I also presume these are some of the same people here who are whinging and complaining about the state of the SP, and I would be pretty pissed off if I was in the same boat. You just got your timing wrong, and if you had done a quick calculation you would've realised that the share price could not have been sustained at that high level without significant revenue. Even TD commented back then saying that he could not understand why the SP rose so sharply, perhaps only based on hype and euphoria. One lovely lady, well known on this forum commented multiple times that the SP had rose to a level that could not be sustained and it would retract, but not many here wanted to listen to watch she said - I can understand why as people were hoping for the SP to keep on climbing, but that was only hope.....
Think of it another way. March 2020, the SP was around 3c, and I'm sure many people bought up big at those prices. Imagine the SP (from2020) oscillating in a slow uptrend from the 3c, to the 43c that it is now, without the 2 unsustainable peaks in the past. I think a lot more people would be settled and still have a positive sentiment on the company. Greed and irrational behaviour took the SP to the 2 unsustained highs, that could not be supported by financials.
I bet if the SP rose slowly from 3c to 42c over the 3 year period, I don't think half the people would be on the BRN forum. The ones that are currently sitting on a greater than "Disallowed" investment are not worried - they've done their homework and believe in the tech, and know that the commercialisation cycle takes time.
- Forums
- ASX - By Stock
- Quarterly Investor Podcast Q1 2023
Unfortunately, many on this forum got caught up in the hype when...
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $382.6M |
Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 18.3¢ | $2.707M | 13.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 93761 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 829397 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 64526 | 0.190 |
5 | 184864 | 0.185 |
30 | 802372 | 0.180 |
20 | 935968 | 0.175 |
36 | 1305135 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 821897 | 10 |
0.200 | 451330 | 10 |
0.205 | 863584 | 15 |
0.210 | 581069 | 21 |
0.215 | 481393 | 9 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |