Post by
arh0070 on Sep 05, 2022 10:26am
BNXA estimated financials by Big Bang.
Interesting ,we will see how these estimates jive with reality.
Last placement as far as I can tell was 15 million in April 2021 at 4 $ a share .Those people have taken a big haircut.
Last years financials were released August 19th.
Many Aussie gold miners have already released there annual results at least a couple of weeks ago.
One might assume that this years financials are being delayed (somewhat) by the private placement that was indirectly mentioned by management.
So shareholders wait ,as I mentioned before uncertainty is not good and is contributing to the low level selling which is pushing the share price steadily down .
I am currently out as indicated and will wait to decide about bottom fishing until I see these financials ,if I end up missing the bottom that's ok .Better safe than sorry.That's just my personal opinion and not investment advice.Bear markets are incredibly difficult to negotiate .My remaining crypto account in Alt coins remains in a trading range with no obvious trend .Same for BTC.
Pretty clear to me that what happens to Cryptos,crypto stocks and the general stock markets are being determined by macro factors ,primarily the US federal reserve.There basically has been nowehere to hide .Real estate which has had an incredible run especially in Australia and Canada is cracking .
Chinese real estate is in a depression which will reduce Chinese investment in Australia and Canada .Wouldn't be surprised if real estate in Sydney,Vancouver and Toronto drops by 30-50% .
Little BNXA is a bit like a canary in a gold mine reflecting these worldwide macro issues.