Forget about the share price. I'm watching the market cap.
A few years back when we were looking at a potential IP license deal for RPCVD, BLG was $150m. (Note - Not its peak, just a number I used to have in my head for its value).
Now we are looking at product revenues on MOCVD laser diodes over the coming 6-18mths. Once we have reliability settled and RPCVD prototypes, I think we should easily be valued at $160m - 4 times where we are now, If we ever get to max out our current production capacity, a market cap of $1B would not be out of the question.
I'm not looking to invest in BLG for a 7-12% pa return over the next few years.
BLG Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)