What I find interesting (and new) in today’s presentation is that they are expecting “growing revenues” from the laser diodes business as early as 2021.
It is highly likely that BLG will need to raise capital between now and then; but, if they can convince the market that there is industry acceptance (with the prospect of early revenues) for TJ-integrated GaN LDs, it shouldn’t be a problem raising 5-8mA$ at a price that isn’t too dilutive.
I’d be surprised for instance if Lanstead Capital, who are month after month buying up to 13.7% of BLG, didn’t support the Company in such a CR.
If BLG can then deliver on a revenue path to 40-65mUS$ by 2025 (from LDs alone, beside the much larger opportunity in the LED markets) that would represent a substantial de-risking of the business.
So, while this is all worth taking with a pinch of salt, it looks like positive news to me on balance.
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Last
0.9¢ |
Change
-0.001(5.26%) |
Mkt cap ! $23.18M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $51.22K | 5.658M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 496000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 774616 | 4 |
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| Last trade - 15.27pm 29/07/2025 (20 minute delay) ? |
| BLG (ASX) Chart |