If it does come, I doubt it will be good news. Probably more stalling of the "advanced progress on FID". Palisade have all the bargaining chips and I am still disappointed that management gave 50% ordinary equity in the SA1/VIC1 projects. Alongside a 12% pa preferred return, which together strips most profitability away from DEL. The SP has been rightfully punished due to management decisions. Also, in my opinion and personal DD, the ARR numbers management have pushed in presentations have been awfully optimistic.
If I remember correctly, was there an announcement predicting government grant support? If that comes through, it could be the saving grace for a SP recovery.
DEL Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
