BRN Discussion Ongoing

[robsmark]

If this closes red I’m going to be fucking livid.

 

[Filobeddo]

If this closes red I’m going to be fucking livid.

Relax Yoda, 'Patience you must have'

& cant believe I have to remind YOU of that

 

[Proga]

I am meant to be going bush today to find some gold but had to wait till open just to see what happened. No phone service where I'm going so now torn between looking for "sunbakers" or watch the Brn gold unfolding. Maybe just go detecting and have hopefully a nice surprise waiting for me when I get home Friday. Might strike gold on both fronts

Use 1 or 2 of your sunbakers to invest in a sat phone. Enjoy the best of both worlds

 

[robsmark]

Relax Yoda, 'Patience you must have'

& cant believe I have to remind you of that

I’m a fraud - its actually Anakin here.

 

[Home101]

If this closes red I’m going to be fucking livid.

My guess is a close at 1.36 to 1.37, let them play their games.

 

[Boab]

If this closes red I’m going to be fucking livid.

The whole market is slipping down from the early high mark.

 

[Filobeddo]

I’m a fraud - its actually Anakin here.

Ahhh 'the dark side I sense in you'

Couldnt help myself

 

[Getupthere]

Now the 4 C is out of the way as expected ….

The next upcoming 4C’s will be completely different going forward.

Do you buy in a company at a cheaper price pre revenue? Or pay a higher price post revenue?

Shorters Vs FOMO.
Shorters vs Revenue

Who would everyone prefer to be?

Shorters or long term holders?

Enjoy the ride everyone.
Go BRN!!!

 

[Evermont]

If this closes red I’m going to be fucking livid.

Mid $1.30's was pinned as a technical target at the commencement of this run. No surprise to see some profit taking at these levels.

Cheers.

 

[Boab]

Mid $1.30's was pinned as a technical target at the commencement of this run. No surprise to see some profit taking at these levels.

Cheers.

Yes, need to break past the $!.35 mark.

 

[Bravo]

Who is this Sladius dude? He-he-he!

 

[buena suerte :-)]

If this closes red I’m going to be fucking livid.

I think a bit of profit taking at the mo .... hopefully another run up soon

 

[Filobeddo]

Who is this Sladius dude? He-he-he!


View attachment 12656

Very incognito

Closet gladiator?? How about something more masculine like Biggus Dickus

 

[VictorG]

I think a bit of profit taking at the mo .... hopefully another run up soon

Spot on.

 

[Makeme 2020]

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Home | ASX Market Updates | BrainChip (ASX:RBN) Shares Rise on June Quarter Update

BrainChip (ASX:RBN) Shares Rise on June Quarter Update​

By Kiryll Prakapenka, 27/07/2022
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Developer of neuromorphic processing AI technology BrainChip Holdings [ASX:BRN] was up on Wednesday after releasing June quarter results.
The company ended the June quarter with US$28.4 million in cash.
Receipts from customers totalled US$1.2 million on R&D spend of US$1.7 million.
The AI tech stock is up 80% year-to-date, and up 155% over the past 12 months:

www.TradingView.com

BrainChip’s June quarter​

Reporting from Sydney on Wednesday morning, BrainChip released its quarterly activities report for the quarter ending 30 June 2022.
The company burned through cash during the June quarter, ending the period with a negative operating cash outflow of US$2.9 million.
For the six months to June 2022, BRN’s operating cash outflows totalled US$7.9 million.
During the six months ending June 2022, BrainChip spent US$3.8 million on research and development.
BRN’s CEO Sean Hehir released the following statement:

‘The recently ended Quarter amplified the execution of the Company’s commercialisation for our AkidaTM neuromorphic IP. During the June quarter, BrainChip introduced a complete company rebrand, reinforcing Essential AI: Optimizing compute. We continued to engage in meaningful technical evaluations with multiple target customers, and we announced key commercial partnerships with strategic technology (Arm, SiFive & Prophesee) and AI software leaders (Edge Impulse & NVISO), demonstrating pre-integration and interoperability.
‘During the June Quarter BrainChip was added to the S&P ASX200 Index, a major global index. This is a significant event, as it recognises the Company’s strong growth over the previous 12 months and raises the Company’s profile with institutional investors around the world.
‘In the coming quarter, the Company will be focused on deepening existing customer relationships and converting technical evaluations. In addition, the Company continues to invest in development of next-generation Akida IP and products to extend our technological lead.’

BRN’s tech stance and the future energy boom​

Brainchip is seeking to pioneer new AI technology with its focus on neuromorphic processing.
However, as Chairman Antonio Viana said in BRN’s May AGM, being a pioneer does not necessarily guarantee success.
Commercial execution is just as important as scientific execution.
Time will tell whether BrainChip is able to translate its tech into sustainable cash flow.
The company is trading on a trailing 12-month price-to-sales ratio of more than 500 — that’s plenty of high expectations baked into the stock.
Now, while the neuromorphic AI tech BrainChip is developing may be a few years away from the mainstream, what is mainstream right now is the global pivot to EVs.
The EV revolution is set to change the way we travel all over the world.
And while in 2021, eight of the top 10 best-performing stocks in Australia may have been lithium stocks, our experts believe there’s a smarter way to play the rise of lithium in 2022.
It involves what you might call lithium’s ‘little brother’.

 

[Fullmoonfever]

I not often, but sometimes ponder the life of a shorter.

So you borrow some shares you don't own from some Fundie / Insto who has way more shares and buying power in reserve at all times.

They're there to make $ so hey they'll lend you some shares, charge you interest, put a margin on it and you take the punt SP goes down.

Little do you know they may decide, hey, why don't we buy some more shares on market, you know, push the SP up a little then let retail, fomo, good news etc kick in to help and guess what...those that lent you the shares are making $ with the SP rise and also burning shorters themselves who make less than they thought or end up in the red...wonder if it happens

 

[TECH]

Yep the Top 20 is important to the average punter

& you did ask

PS. Get a move on Tony please, we're waiting

Yes I did ask...and that's your opinion, just that, an opinion, my opinion is that it's only important if you believe it is or that you have
enough fire power to make a difference in that belief...

I will make one other comment, I am sure that it was documented a year or two ago that, the Top 20 would be attached to every quarterly report from that point on, though I can't be bothered searching for it....Tony does a fantastic job, he's following the directions of the CEO and Board, so
the document will be delivered between now and 2024

 

[MDhere]

ok lets just say im a tad excited and drawimg my next $2 tatt on myself in preparation of the orange kite!!!

 

[alwaysgreen]

ok lets just say im a tad excited and drawimg my next $2 tatt in myself in preparation on the orange kite!!! View attachment 12660

Is it on your ARM?

 

[Xhosa12345]

im amazed at the buying... i assume most of us her are maxxed out and have been for some time.... but gee the volume is crazy