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2.8¢ bluglass limited

you surely are upbeat about Bluglass, good for you. How long...

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kudo

138 Posts.

4

08/02/24

16:04

Post #: 72307965
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Originally posted by Wedgeman7: ↑

Relax

@Wellconsidered

This structure will ensure adequate working capital funding for the next several years until order flow is adequate enough to break even and become cash flow positive. It provides certainty and removes all questions of capital adequacy. We as shareholders get to participate and with eyes wide open.
This is normal for ASX listed companies in the early days. Nobody is saying it was leaked. If the share price was above 6c the deal would have been structured at 5c. Those sales from 6c to 4.5c enabled the deal to be struck at 3.7c. This is awesome for current shareholders whether you have 5000 shares or 15million shares. It’s a great opportunity. Take it or leave it. Your call. Just don’t moan in the months ahead when the share price heads north and breaks over 10c.

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you surely are upbeat about Bluglass, good for you. How long have you been investing in BLG?

After 2 decades, I recall 4 management teams at BLG; the last one is surely the more promising.
Yet despite last year's US announcements... I am waiting for the big contract to start a new story.

This CR does not make sense unless there is a contract already in the drawer, IMHO

BLG Price at posting: 4.6¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $51.16M

Open	High	Low	Value	Volume
2.8¢	2.9¢	2.8¢	$14.20K	507.1K

Buyers (Bids)

No.	Vol.	Price($)
1	12980	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	291493	3

View Market Depth

No.	Vol.	Price($)
1	132349	0.028
6	698506	0.027
5	234091	0.026
10	964001	0.025
5	2443668	0.024

Price($)	Vol.	No.
0.029	155945	3
0.030	1100000	2
0.031	1406849	4
0.032	357875	4
0.033	324758	2

Last trade - 13.58pm 26/08/2024 (20 minute delay)

BLG (ASX) Chart