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Wedgeman7

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12/11/23

14:34

Post #: 70854220
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Originally posted by Holdtight: ↑

Here is also for the newbie.

(1) The CLAWS allocation this year is $39m between 8 parties. The split is yet to be determined. However, other than BLG, the other 7 are billion dollar market cap companies. Unconfirmed info floating around, suggest BLG has a major roll to play in a significant amount of the expected progress. An equal split will allocate $5m USD ( $7.8m AUD ) to BLG.
(2) Over the following 4 years the DoD $2.2B will be spent. Again assuming an equal distribution as this year between consortiums, $77m will be allocated to CLAWS for 4 more years. Again assuming an equal split, thats $9.625USD ( $15m AUD ) to BLG each year.
(3) The R+D is taking a little longer than expected as it is larger than previous years. It is expected to be $7.3m up from $4m. WORST CASE, the $4m will be coming from the ATO.
(4) The company is still expecting new orders and repeat orders prior to the end of the year which increase revenue and reduced the burn
(5) Prior quarters burn were one off quarters to develop the purchased Fab. Further, costs are expected to fall significantly in coming quarters as production is brought in house. THUS, reducing the burn further.
(6) Short term borrowing is available this year and next against the Australian R+D to facilitate any cash flow mismatch. Once the allocation from CLAWS is certified, I am sure there will be plenty of lenders against those 4 years of grants.

So, there is no need for a CR and quite possible may not CR again if things go as planned. What I have not included above is how much revenue comes from the products to the DoD that they purchase. This number could be anything, but given the grant size its hard to imagine that it is small!!! This money above is simply for R+D!!!!

People taking about CR clearly do not understand the business plan and the new management and are either bitter long term holders or trying to get prices lower to buy back in!!! IMHO.

Holdtight as when the R+D does drop with new orders and the claws money allocation, the market will re rate like WBT did in 2020

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Great summary there Holdtight.

One other additional point about CLAWS that just occurs me. Once we develop something with the US DoD it will presumably by something brilliantly NEW and possibly open BluGlass up to lucrative supply contracts with the same product to other 5 eyes countries. The mind boggles how big this could get very quickly from here.

BLG Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 2.5¢		Change 0.000(0.00%)		Mkt cap ! $45.97M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.4¢	$2.066K	82.79K

Buyers (Bids)

No.	Vol.	Price($)
3	295000	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	535000	2

View Market Depth

No.	Vol.	Price($)
3	295000	0.025
7	1010624	0.024
10	1268837	0.023
14	989822	0.022
5	384476	0.021

Price($)	Vol.	No.
0.026	535000	2
0.027	140000	1
0.028	320000	2
0.029	485344	4
0.030	1115738	6

Last trade - 12.06pm 04/10/2024 (20 minute delay)

BLG (ASX) Chart

BLG chart, page-341

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BLG chart, page-341

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