MDhere
Top 20
Almost finished my night shift so will likely miss the asx share price shannigans on opening but saw BRCHF reach .28 so far. Does anyone know how the BRCHF gets topped up and if they need to top it up soon? , I thought it was bought off the asx and then moved into BRCHF but I can't remember ?Supply and Demand.
Supply and Demand.
Supply and Demand.
Demand is currently very, very strong and going by today's volume, which was the most in 10 months and the highest in this run, it doesn't look like slowing on a Friday, which is "traditionally" a strong day.
Again.. Friday's action is going to be interesting..
From the strength of buying, the Big Buyer/s? Is/are, quite happy taking large chunks, up to at least 45 cents.
If the volume at these levels, is no longer offered, the price could go higher again, as there is an apparent urgency, to build a substantial position.
There's been around 10% of the number of shares on issue traded now, in the high 30's to 40's range, that's a good soak.
This will soon become a bit of a new trading range, if Dave is again unable to knock this stiff rise on the head, with a cold spoon.
And he really has no choice but to try, so additional borrowed shares, will have again been taken out today.
Personally, even without further contracts or licences, I think we "should" have been trading in the 50 to 60 cent price range, just on everything, the Company has put in place, over the last couple of years.
Normally, technology Companies trade at very large valuations, even pre-profit, due to their growth potential (if they have the goods, which BrainChip has proven, but this is not "usually" appreciated on a resource focused exchange, like the ASX. BrainChip is changing that however).
This is very different, from the Mercedes run, as we are in a far stronger position, both Technology offering wise and Ecosystem wise.
I don't think we can get to those heights "now" (which would equate to around $1.50 after dilution since) but we can build a solid base for launch, on additional IP licence wins.
Or this could all just be taking the BRN thoroughbred horse, out for a good run, burning some poor Daves along the way and making a stack of cash.
It doesn't look like that, seems too strong, but there are obviously Entities and Individuals, with the financial backing, to play that game, if they wish.
Disregarding that possibility..
Supply and Demand, is the only thing that matters right now and what we are seeing, is just a taste, of what's to come.
(with additional solid progress).
Good Fortune to all Holders.
I agree today (Friday) will be interesting as will this coming month. Stockscan has BRCHF next 30day forecast at .67 usd with a 12month of between average 87c usd and high of $1.26 usd. So with the momentum occurring the 30days forecast target of .67usd could well be achievable +.
Of course they place a disclaimer as we all do -
Disclaimer: The information on this page is not intended to be financial advice. It is for general information only and should not be used to make any investment decisions. Please consult with a professional financial advisor before making any investment decisions.
Last edited:
..
...
