'If BRN can strike a deal or two he should get his money back.'
I hope so for his sake.
But in my opinion, those deals will have to be credible for the market to take any notice. And I think BRN's credibility may be under the microscope now given the recent messy CR and SP decline after the company's so-called milestone achievements. For a company that struggled to raise $4m to be talking now, and understandably outside of formal ASX channels, about $20m contracts within 18 months and NASDAQ IPO listings is, imo, not helping that company's credibility rating one bit. They do have a variation of a neuromorphic architecture that may, and I stress may, have a place in the AI market. I'll grant them that much. But imho, and as the company clearly stated in their Prospectus, this is a very high-risk play in a very competitive market. So if you have zero or a very limited understanding of that market and simply base your investment decisions entirely on the company's marketing soundbites, then imo you're gambling.
I agree with the second part of your post. The TU brigade for obvious reasons doesn’t.
The above is all in my opinion.
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23.5¢ |
Change
0.040(20.5%) |
Mkt cap ! $461.1M |
Open | High | Low | Value | Volume |
19.5¢ | 25.0¢ | 19.0¢ | $7.783M | 34.69M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 230000 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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24.0¢ | 2300 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 230000 | 0.235 |
15 | 1198728 | 0.230 |
12 | 831851 | 0.225 |
4 | 10955 | 0.220 |
5 | 267632 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 2300 | 1 |
0.245 | 60820 | 4 |
0.250 | 1488801 | 40 |
0.255 | 424453 | 14 |
0.260 | 385805 | 13 |
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