Fastback6666
Regular
Hi DB
At the end of last Qtr BRN had US$31m at bank, on average recent Qtrly burn rates BRN has enough cash to burn for next 18 to 24 months, late in 2023 BRN also extended their arrangement with LDA into late 2025, so there are no pressing money concerns, that we know of.
This CR is about something we don't know about i.e. chip fabrication, cornerstone investor, there are a number of possibilities, I am on the hop, but am sure after initial surprise we will see some interesting speculations here.
I am no fan of dilution, and want to see contracts fall, but I strongly suspect an interesting development here......
I agree, this CR smells of cash for a project/partnership. I did not think any bulk cash was needed at this point.Hi DB
At the end of last Qtr BRN had US$31m at bank, on average recent Qtrly burn rates BRN has enough cash to burn for next 18 to 24 months, late in 2023 BRN also extended their arrangement with LDA into late 2025, so there are no pressing money concerns, that we know of.
This CR is about something we don't know about i.e. chip fabrication, cornerstone investor, there are a number of possibilities, I am on the hop, but am sure after initial surprise we will see some interesting speculations here.
I am no fan of dilution, and want to see contracts fall, but I strongly suspect an interesting development here......well I hope so anyway.
I feel it is partnership of some sort as BRN have waited for the SP to fall back to a base price (20c) to offer the “partner” a decent deal in shares.
If not for partnership then a bit silly to raise cash back at 20 cents with maximum dilution when they were just at 50 cents not long ago.
Let’s see what it is. Funny though as I grabbed another 20,000 shares yesterday. Still think shares are way to cheap at this level.
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