As I have learned ever more about this really unique "prospect generator" type of Green technology (and MUCH more) company, current big winner BacTech comes to mind. BAC is a company we patiently "suffered" with for a while until—now, in 2022—we are on the cusp of seeing pay dirt hit. In anticipation of that, BAC shares have appreciated several-fold in recent months especially.
BioLargo, Inc. (OTCQB-BLGO) has far more irons in the fire, though, than does BacTech. What is similar now is that this company is likewise on the cusp of monetizing one or more of its numerous ideas/technologies/products.
For present purposes, I will defer to my colleague Penny Queen, who recently AUTHORED THIS outstanding deep dive into the company for Streetwise Reports.
Likewise, spend some time getting to know BioLargo at ITS OWN WEB SITE.
Often times, a story will resonate with me because of my own life experiences and/or things I have seen myself. As I learned about BioLargo's lead "candidate" for commercialization—its flagship product, the Aqueous Electrostatic Concentrator—I recalled what an environmental issue it's been for years in my native upstate New York to have various chemicals discovered in ground water/aquifers.
The two biggies back then were chemicals that had been leaked by I.B.M. and Smith Corona into aquifers in the Endicott and Cortlandville areas, respectively. But all over America this same story has been repeated over the years.
Indeed, as BioLargo's President/CEO Dennis Calvert reminded me (among many other things we discussed) in a couple lengthy conversations in recent days, the recent film Dark Waters gave a higher profile to this long-simmering environmental issue in the popular consciousness. Most everywhere there are all manner of industrial solvents and chemicals in water. These are compounds designed NOT to break down in nature, so they never leave.
BioLargo's AEC system uses unique, proprietary technology to remove ONLY these PFAS (per- and polyfluoroalkyl substances) from water. The company recently ANNOUNCED that it had achieved success in removing PFAS to levels below federal standards in water of one major California municipality. By appearances, this was a major step on the way to more substantially monetizing this technology.
As Calvert explained to me, BLGO's model of being somewhat a prospect generator able to have all its various irons in the fire (my term, in comparing for our purposes this company to those resource explorers out there who employ the same modus operandi) is enabled by a brain trust of about two dozen PhD's, engineers and contracted experts. Ideally, where AEC and various other products/technologies are concerned (I'll focus on a couple others in a follow-up to this), BioLargo will end up with one or more levels of income/cash-outs down the road, even as the majority of the money is provided by partners.
As I was marveling at (and I must confess, initially a bit overwhelmed by) all the moving parts here, Calvert quipped that BioLargo "is not a fly by," meaning there is not one single, easy story. But, he continued, "The more you dig, the more you like it."
Well, I dug more...and I do.
The significant number of opportunities to make some serious money down the road for a company with a mere $70 million or so market cap is a compelling story. And as you see in the above chart, more people are starting to warm up to it.
Technically, BLGO shares have become a little overbought in the last few weeks, in fact. But fundamentally, the story is so good here that, I.M.O., I wouldn't wait to start building a position.
Though you should be mindful of the possibility that shares might pull back a little in the near term, I wouldn't be too cute in trying/hoping to find a consolidation bottom. There are too many things here that could go right, as I will discuss further shortly.
So BioLargo is started as a BUY.
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