WHY NOT?
Hard to go past a Company where demand for its product exceeds its ability to fill orders.
Printable View
I've ridden the waves with BLT since 2005. I have added to my holding during the company's many trials, tribulations and false starts - at one point buying a large number of shares at 0.7 cents each so my average cost is now less than 2c. I've never sold a single share and always believed there was a great future for the business.
As a result of of the current market volatility and the upward trend in its SP BLT has shot up to 20% of my 7 figure portfolio. I still don't intend to sell any and will wait patiently for ATM, HGH and a number of others eventually to do the re-balancing for me. In the meantime, there probably will be more ups and downs with BLT but I am really looking forward to the FY20 results - and the forecast for next year.
My post was more about the sharesies brokerage in response to previous posters, not meaning to poo-poo BLT at all, if that is how people are taking it? Perhaps not the best place to post it, however this is where the question was raised... In time I will be buying more BLT, however, not while my portfolio has 0 shares of the other companies I want to buy, and some number of BLT dhares
Yeah I admire that Pierre, to be honest I think that idea of bringing your cost average down that much is amazing, will pay off significantly. Who knows when, but when it does, it'll net you a ridiculous return over entering and exiting a lot in the short term which increases your chances of missing a significant milestone
I can go back further, or can I, to an issue, the maximum take up was $ 15,000 worth, ( I took two lots) I can’t remember the cost per share but the shares on allocation were worth a lot more than the cost. This was clear when terms of the offer made but not a lot of shareholders took up their entitlement. Perhaps that was about the 0.7 but I think earlier. Someone will have a better memory.
So in a year or two, when we are all allowed to shake hands again and this corona-virus is forgotten, will BLT be making money?
I checked my records and bought 1m shares at 0.7 in October 2012. A year later, October 2013, I bought another larger lot at 1 cent. I think one of those purchases was when BLT converted preference shares into ordinary capital to avoid having to pay interest - can't recall which one it was though.