And here's a report from Purdue about the pesticide marketplace including the process of developing pesticides. It's American but the general concepts are all applicable to an international approach. It's quite informative.
See quote below that explains why the BGT share price is likely to remain lower than many think it should be over the coming years:
"The discovery and development of new pest management solutions is anextremely demanding business. It is risky: discovery and developmentcycles are long and uncertain, and market changes can occur during theprocess. It takes eight to ten years and millions of dollars to test, develop,and register a new pesticide once a promising compound is discovered.During this lengthy cycle, customer needs and attitudes can fluctuate, newregulatory requirements can go into effect, competitive products can preemptopportunities, and market prices can change. Product development is a veryrisky business."
If they pull it off, though, it will be raining money. This is a ten year play or longer.
BGT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
