BLG chart, page-95

@blakesley

I certainly did not explain myself near well enough. A 50x rerate would be years down the track in a Goldilocks scenario, everything going right. BLG may not have the earnings potential of WBT but I believe it does now have a very bright future.
However a rerate to fair value would be swift with this current SP action. Will leave it to others as to what that valuation may be. 0.1225c is the last major high so that would be a minimum target for a new up trend to develop.
Time will tell if BLG's customised, personalised niche approach will help them gain market share over the massive encumbants one size fits all business model.Semiconductor Industry is increasingly adopting this type of flexible, customised approach so maybe BLG's timing is perfect.
So if this is the bottom and a rerate is in progress the risk is higher, but far less than the previous 15yrs, however you are leveraged to more shares at a low price. If it rerates to .15c in a few months those buying then have the same risk but only get 30% of the capital gain of buyers now. That disparity gets bigger in $ terms as SP rises.
Example from WBT experience- bottom before break out @.30c x 100,000 shares = $30k. Today $569k.After breakout @.90c that same $30k gives you total 33,333 = $189,666 today.A possible few weeks difference meant spending the same amount near the the bottom leads to $380k greater capital gain in 2 5 yrs.Nobody could have predicted that sort of capital gain no matter how much you wished it.

The rewards of being in early greatly outweigh the slightly less risk of buying later at 3x the price.Not sure were a rerate to fair value is, the chart though is signalling it is not down here.Hope that explains my thinking about this.