I think BGL is in a position where they will soon be able to ride the momentum of their work over the past few years and grow market cap to 50 maybe 60m...
Other companies can compete, but it might take 2 years to get where BGL is... and as BGL builds scale hopefully they will gro efficiently and take more costs out of the business.
My one concern is this... the recent micro-equities post basically seems to be talking up their book.. bought in at less than 20 cents; will then sell and leave the share price floundering... or are they a long term investor.
Once the management team start getting the story out their it isn't hard to see the share price steady at 50 cents... I just hope they start to do this. They will then have a stronger currency with which to start some M&A activity.
BGL Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
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