Dave Evans
Regular
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@Dave EvensThought I’d start a thread on some of BRN’s financial factors where I can add any info I find relevant away from the discussion thread and personal attacks. Don’t care if no one on the forum reads this one, it’s basically for my own research. I’ll add any good info I pick up from from the main thread and ignore the rest.
Last two days have been good ones for BRN, up to $0.31 (20% and 5%). Could be related to the US averting a shutdown and good inflation results but the chippers seem to think it relates directly to BRN.
Might have to start keeping an eye open on macro economics and what’s going on in the markets more broadly, anyway back to BRN
BRN’s operational losses over the past 5 years (shown below) are over US$100million
2019 were US$11.31million
2020 were US$26.82 million
2021 were US$20.98 million
2022 were US$22.07 million
2023 were US$28.88 million
BRN is looking at another year of operational losses, already over US$11 million in the 2024 Half Yearly Report.
Millions of shares in remunerations going to KMP and share based expenses are costing millions
2019 - US$ 1.63 million
2020 - US$ 1.43 million
2021 - US$ 4.36 million
2022 - US$ 9.14 million
2023 - US$11.35 million
US$20 million is a lot of money in share based expenses for a company with operational losses of over US$100 million in the same period and half a billion market cap valuation seems high considering US $100 million operational losses, share dilution, multiple capital raises and low revenue
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The last jump to $0.30c was after news of hearing aid company Starkey using AI but it had nothing to do with BRN and the SP dropped back to $0.23 within two weeks.
Despite what chippers say there’s always plenty of liquidity and plenty of shares on offer.
I’m equally as happy when people put me on ignore as when I put other people on ignore, saves a lot of unnecessary nonsense getting posted and I only have to read comments relevant to BRN written by intelligent investors.
Wannabe bullies, pack mentality and petty tyrants often try to act tough on forums, possibly as a result of not spending time in the real world. Regulations for online forums provide ignore and block options that act in a similar as fly spray so people can read the information they choose, which on this thread will be BRN’s financials.
I’m even interested to see the comparison between Nvidia and BRN, only at this stage I don’t believe you can make a comparison between the two
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I’m equally as happy when people put me on ignore as when I put other people on ignore, saves a lot of unnecessary nonsense getting posted and I only have to read comments relevant to BRN written by intelligent investors.
Wannabe bullies, pack mentality and petty tyrants often try to act tough on forums, possibly as a result of not spending time in the real world. Regulations for online forums provide ignore and block options that act in a similar as fly spray so people can read the information they choose, which on this thread will be BRN’s financials.
I’m even interested to see the comparison between Nvidia and BRN, only at this stage I don’t believe you can make a comparison between the two
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So what's your point Dave?...Manny100’s comparison
NVIDIA has circa 24.8 billion shares on issue. BRN has circa 2 billion shares on issue. NVIDIA has 12.4 times the number of shares on issue that BRN has.
At a current circa SP of $US140 for NVIDIA at their current market cap if they had the same number of SOI that BRN has their SP would be circa $140 x 12.4 = $US1736.
On 30/4/12 NVIDIA had circa 25 billion shares on issue with as SP of US 32.5 cents!!!
All together nowNot a good look when a NED dumps his vested shares, especially when he’s a member BRN’s audit and governance committee and chair of BRN’s remuneration and nomination committee
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BRN’s December Quarterly out today
R&D, marketing and administration costs for 2024 were $15.8million. When the share based expenses come out in next month’s Annual Report it will fully reveal BRN’s operational losses for 2024.
A few takeaways from this and other recent BRN Quarterly Reports show the Capital Raise in July - August 2024 raised $25million but by the time the September Quarterly came out it showed that was all BRN had left in cash.
The September Quarterly also showed BRN had 7.7 Quarters of funding available but the latest (December) Quarterly shows BRN only has 5.1 Quarters of funding.
Some of that heavily diluting CR in July - August 24 went towards payments to LDA Capital to fulfill obligations under its Put Option Agreement. And then this month BRN amended the LDA arrangement (for the fourth time) increasing it to $140million and further diluting shares. Of that $140million, $68million has already been used.