Actually, it might be a time to get in! (no advice)
The 2020 cap raise was 50% dilution but return on the new shares was very good (for a while). Delays to profitability and associated ongoing cash burn has put pressure on the SP. Remember, everyone knew the cap raise was coming, so why buy on market.
BLG is traversing the commercialisation valley of death. I think we are getting closer to the other side. Recent announcements have been very positive, but buying into those announcements was short lived given that a capital raise was coming.
At some point, more customers will sign up development projects and supply agreements. They will design our lasers into their products. Once the market starts to see that, they will believe BLG will successfully commercialise. If/when that happens, the BLG SP won't be where it is today, and people will regret the opportunity that this cap raise presented.
BLG Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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