My thoughts are a 3x to 4x from here within the next 6 months as commercialisation continues to bed in. Long term anything is possible and I would be thinking that 10x would be conservative if everything goes to plan. There is a lot to like about the company at the moment and they are progressing very well. Management appear to be switched on and confident to take advantage of opportunities as they arise such as purchasing the fab. If a CR is required at some stage in the near future it might slow the SP down but even so there is good upside from here I would still be thinking. I believe that they should get good uptake of products as there are not many players in this space and we do have a bit of a differential to offer. If they get good uptake, profits should be good as there is good margins in the products. Going forward from there management will need to get the balance right between R&D investment, capital growth and shareholder return. If you don’t mind a bit of risk, then think it is a good share to have in the portfolio as a high growth potential. I have been building a position over the last 12 months as this is good buying in my opinion and I think it is the right time to be in. Just my thoughts and why I like the stock.
BLG Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
