Its that time of year to look back at the portfolio and assess...

Its that time of year to look back at the portfolio and assess what developments the companies have made and whether or not its reflected in the companies share price.

BLG is easily the most perplexing of my holdings!!
Achievement in 2024 include:
1. Second payment of $2.9m from Claws after achieving all milestones ahead of schedule.
2. JDA with Uviquity worth $3.6m over 3 years.
3. One off sale of IP for $1.93m, but continued $500k pa work order.
4. First sale of DFB lasers and advances with PRCVD technology.
5. MOU with Applied Energetics.
6. Macquarie Uni and Aurizn partnership.
7. Completion of integration and commence production of Fully owned Fab.
8. Continuing to develop revenue pipelines and approaching profitability.

Share price fell 65%!!

When I compare these achievements with others in the semiconductor space on the ASX, who have smaller revenues, larger burn rates and many more years until profitability, I am left scratching my head. Perhaps its the lack of PR or a cornerstone institution or perhaps the lack of trading volume simple represents a great buying opportunity.

Management are still hopeful of providing enough new information for the market to get the options into the money ( $4.7c) so as to avoid a further CR. My guess is they will need to be taking to the big end of town to accomplish that desire.

Happy xmas and new year to all holders.