You are correct in suggesting that the $120k is immaterial, however, there is more to this announcement than simply the money. ASX retail investors are fixated with this element and often miss the technical improvements and progress which eventually lead to a profitable coy. No one has ever accused asx investors of too much patience!!
The reasons they would have even bothered with this announcement include:
1. Investors have been screaming for validation from a repeat customers. Here is the start of the qualification process.
2. Proof that BLG GaN products are better than "all available commercially available bars."
3. Give a reminder to investors what is the targeted market is, with this statement and thus the potential and need for BLG products.
" High-power coherent GaN lasers can transform defence and dual-use capabilities from
secure underwater communications and imaging, and clear-air turbulence monitoring in atmospheric LiDAR, to
countermeasures and jamming systems that disrupt enemy optics with high-intensity beams."
Personally, I would prefer to hear from the company of these advancements as they occur rather than radio silence until the quarterlies.
A few more of these at regular intervals would be very welcomed.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $18.16M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 0.9¢ | $105.8K | 10.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4661559 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 4999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4661559 | 0.009 |
31 | 11436721 | 0.008 |
9 | 1781571 | 0.007 |
4 | 867500 | 0.006 |
4 | 945000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4999 | 1 |
0.011 | 5112552 | 12 |
0.012 | 1557192 | 12 |
0.013 | 3106327 | 7 |
0.014 | 2550000 | 3 |
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