An interesting note from the HY financials.......
MATTERS SUBSEQUENT TO THE END OF THE FINANCIAL HALF-YEAR
On the 17 February 2023 BluGlass secured funding of $1.4 million against the R&D tax claim for the financial year ending
30 June 2023.
BLG have done this previously and are obviously hoping this gets them through a few more positive announcements before 'sticking their hand out' once again to tap markets &/or existing holders.
After all the SPP's we long termers have been through over the years, let's hope that when it happens, its a strategic placement or significant investment by a new 'cornerstone' shareholder, along with a small, token SPP for existing holders......
Regardless, at least we now have a positive HY report so lets hope they keep the momentum going and can achieve constant sales over this calendar year.
For the record, well done to the BLG team...... I'm sure many of them, particularly the Sydney team, have ridden this same rollercoaster as we investors over the years so they must surely have a 'spring in their step' atm, which is nice.....
For me, a SP of 20c+ by Xmas would be nice......
That would match the 'on-market' prices we paid back in 2017.....
Great potential here........ now......... finally!!!!
Onwards and upwards!
GLTAH.
(20min delay)