That is the point. Markets are going down, regardless if it's US, ASX, GPW or LSX. I have companies on every single one of them and I am in red or very close to red on all of them. FED doesn't help!! All central banks leave or increase Interests rates hence more money must be paid to managed any loans or debts.
But...in all companies I have there is a revenue. Sometimes low sometimes better. And this is my worry - BRN doesn't show any of it and this is the key if you we want to leave 16c area. We all know, we have a product which works, we are building ecosystem but for the past 1.5 year we cannot materialise it. All future investors, interested in this company, seeing ready product, will invest based on the financials - period! If they see that BRN has got product but cannot turn it to actual profit, won't be investing.
Few examples:
1. CI Games - small gaming company from Poland - 120mil debt but next Friday they are realising mind blowing game. Also, they have already created a lot before - risky investment due to nature of the business but they have revenue from the previous games;
2. Boss energy - Australian Uranium company - no DEBT - end of this year they start production. Great thing about this company is, that whatever plans they had in their schedule was delivered. Was risky to invest because it is commodity and 2 years ago there was nothing except spending. But...debt free. And as Peter Lynch used to say - "It is very difficult to go bankrupt if you are debt free".
3. . Novo Nordisk, Infineon, Renascor Resources and few more - I am in red in all of them but this is due to market situation. Common denominator for all of them is....revenue!!
If we want to leave Mordor we have to do better in the next Q. People know we have the product, the only thing they can't see is money coming in. And that's why we are where we are.
My opinion only and not spamming