One thing l don't understand is why they didn't stay in WA and concentrate on building facilities there in their home market/state. The roll-out map looks great, with multiple proposed sites in the pipeline. It can't be easy logistically to develop a site in NZ from Perth. I don't know why they took on such a project, or are planning sites in Tasmania and Queensland. They're spreading themselves really thin for a small company. There surely must be enough opportunities in WA for the foreseeable future.
I can see DEL achieving a scaled-down version of that roll-out map. It could well involve Hamish and Joe biting the bullet and bringing in someone who dilutes their 50% ownership. I've been following the company for about 12 months. I still have confidence in management but can also feel we've lost momentum in the past six months -- at a time when I'd expected development and new projects to be ramping up.
I don't care about the lack of financing certainty or energy retailing margins so much if I can see some growth and development. Even the projects that have been announced are taking such a long time (SA1, Yarra Valley, Brickworks) to progress.
I agree with almost everything you wrote. I have a very small holding. I'm looking for the weakest possible excuse to increase it, especially at this (cheap?) current price. But I keep holding off and looking for signs of progress -- new projects and price sensitive announcements, not just about financing.
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6.2¢ |
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0.001(1.64%) |
Mkt cap ! $13.37M |
Open | High | Low | Value | Volume |
6.1¢ | 6.2¢ | 6.1¢ | $5.366K | 87.88K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 144 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.2¢ | 163609 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 144 | 0.059 |
2 | 117041 | 0.058 |
1 | 87500 | 0.057 |
3 | 168600 | 0.051 |
3 | 700000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 163609 | 1 |
0.068 | 106666 | 1 |
0.070 | 100000 | 1 |
0.073 | 49990 | 1 |
0.091 | 13080 | 1 |
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