VLA

Aussies are very smart people. Even better than at sports but not many are aware. Thank God for that. You can make money out of that knowledge. Let most people focus on sports and ignore Aussie talent in science, technology, geology, etc, etc.

One of the problems with biotech sector is how do you value it. As good as the technology is, it has to be something that can be transformed in time into profit. A cure in malaria is great for mankind but not for wealth generation.

The process from a concept to final sales of a product is very, very long and costly. Unless a bigger company with deep pockets comes along, it is nearly always a protracted loss. Very few succeed, like Cochlea or CSL. And one-product companies like Resmed may tumble if the technology is superseded or malfunction.

Today, VLA made a leap. The technology is brilliant but there are others in the market with the same trick. So today's significant jump in the share price could herald the arrival of a big (foreign?) company... taking away an Aussie invention. Good for my pocket but less good for long term profitability. I have been nurturing a loss for a long time now so it will be good to see the stock turns green again.