Feb 2023, market traded a range of 5.6-6.8. Cap raised in mid March at 6c. The progress they have made over the last 12 months is amazing. Shares in the small cap space are all trading undervalued due to the wealth destruction caused by the lithium bubble pop.
James has been clear that further funding will be required this year, but also said they could borrow against their R+D rebate. I am betting there would be strategic investors, here and in USA, lining up to take a significant stake in the company, now that the defense department contract has been signed.. I seriously doubt they would do an SPP like last year....I actually think the risk is one of the larger defense company take it over.
Holding tight.
BLG Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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