Apr 2014 mate. Cash burn since then of around 17mil. The 18 mil from IPO was b4 costs - around 16 in bank. Leaves us with around 30 mil. Cash backing of around 20c a share.
Doesnt matter anyhow. The SP has NOTHING to do with management and NOTHING to do with the science (except obviously some fund manager thinks it will definately work and is crucifying the SP prior to a run or an attempted takeover).
I keep buying every fortnight and keep getting more for the same amount of cash.
Will keep doing the same with the rule I've imposed that I wont pay any more than the previous fortnight.
Sold over 100,000 of my shares (reluctantly) last year at $1.18 av and have now replaced them at .51 average (and falling).
The bounce will come.
BLT Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
