In January 2016, the SP was 6.44c. Since then the SP has gone up...

In January 2016, the SP was 6.44c. Since then the SP has gone up and then pulled back to 25c and 29c (according to the HC 5yr chart to the right of this post). So any recent investor could be sitting on some nice capital gain already and should they see other market opportunities come around, they might be rebalancing their exposure to BLG. They could also just be using their BLG holding as a big fat ATM.

The balance between buyers and sellers is hard to predict with BLG. I've seen selling at times that has no rhyme or reason. The downward SP movement can be quite disconcerting, but the reality of BLG's value remains unchanged and seems to be getting stronger.

I like the recent analyst report applying a risk discount to their forecast revenue. It provides a realistic SP  target for the short term.

The questions one needs to ask:

Has BLG achieved all it will ever achieve?

Was the 2018 April SP peak the last ever high?

Will the addition of 2 new RPCVD platforms at Silverwater make any difference to BLG SP.

Will the demonstration of a commercial grade RPCVD platform make any difference to BLG SP:

Will Lumileds be the only commercial deal for BLG or will there be other deals post Lumileds?

Depending on your answers to the questions above, a low or lower SP may not be such a bad thing. If the SP was 60c in a years time, would you be thinking I wish I bought some more sub 30c shares a year ago?