Few thoughts on the shorter situation,
Yesterday of the 834 stocks and units listed on the ASX Daily Gross Short Sales report
only 3 shares exceeded the .47% of total shares available ( 9,267,810 ) taken out in BRN.
SVL with an eyewatering 1.58% just announced a cap raise. Que typical shorter behaviour on bad news.
The total short % is only .86 as at 5/12/24 so this is about to rocket up.
MP1 at 0.93% appears to be undergoing board reshuffling
The total short % is 6.42 as at 5/12/24 so this looking like also going up.
LYN at 0.51% is undergoing board reshuffling and delayed drilling results.
The total short % is not registered at 5/12/24 so this is a new attack.
LYN has suffered a 50% loss of value in the last week so problem is substantial.
Now to BRN currently the total short % is 3.22 as at 5/12/24 plus the last 4 days
brings it up to 3.8% nominal. (assuming only minor converting)
To take out 9m+ on a day of the only good news for months is just perverse and really pissing off.
The only possible reason is to suppress the sp for accumulation (and to really piss me off).
What to do. Nothing. They are not getting my shares.
I guess we are just lucky we hold stock in a company that the lower forms of life want into,
and they are prepared to get lower than a snakes belly to achieve.
Good analysis! I have exactly the same thoughts! Based on the ridiculous amount of shorts entered yesterday on the back of such a good news, its highly likely that some entities are trying to suppress the SP.
In my opinion, the Air Force contract is a super strong endorsement and validation of the Akida technology from one of the most powerful military units in this world. In my opinion, this announcement has further de-risked BRN as it is a good demonstration that the Akida technology can be used in real world mission critical applications... i.e. its not just 'good on paper'! There is NO WAY that the Air Force would risk the pilots' lives by choosing an inferior AI chip for the radar system of the fighter jets.
Although I am overweight with BRN on both my Super & stock account, there is no way these shorters will be getting one single unit of my BRN share.
For the BRNs in my super, I am happy to wait for 20-25 years if it poses a reasonable chance to become another NVidia or Apple...
For the BRNs in my stock account, I am happy to wait for 3-5 years if needed until it reaches my target price.
If it goes down further, I am prepared to add more!
Warren Buffet has said that "if you aren't willing to hold the stock for 10 years, don't even think about holding it for 10 minutes!"
Short-term-wise, genuine investors cannot really beat these shorters!
However, medium/long term-wise, these shorters will eventually need to buy the shares back at the market price!
All in my opinion! DYOR!
Good luck to all long term investors!
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