Re-reading the report I believe management have bookmarked that before the end of FY2023 they will have FID finalized for SA1/VIC1. DEL has currently sunk ~6.4 million into these and Palisade have offered up 5 million in exercisable tranches (very much out of the money). I am unsure whether there will be a significant payday if those two projects are approved.
The company, as I write this, has <2 months of runway with a target that is ~2months away. Management have previously blown everyone away with their previous inept timelines so I still predict a capital raise is on the cards, plus releasing a weak quarterly at market close. The recent flurry of fluff announcements on LinkedIn generally follows up with a very weak cap raise. As others have noticed, the excuses for short term cashflows are piss poor and it doesn't take a chartered accountant to know things are dire and ready to fold.
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- Ann: March 2023 Quarterly Activities & Cash Flow Report
Ann: March 2023 Quarterly Activities & Cash Flow Report, page-11
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Last
8.7¢ |
Change
0.002(2.35%) |
Mkt cap ! $18.76M |
Open | High | Low | Value | Volume |
9.0¢ | 9.8¢ | 8.7¢ | $162.5K | 1.772M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45636 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 8958 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45636 | 0.087 |
1 | 100000 | 0.086 |
3 | 115821 | 0.085 |
1 | 22000 | 0.083 |
1 | 10000 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 8958 | 1 |
0.090 | 120000 | 2 |
0.094 | 10000 | 1 |
0.095 | 351250 | 2 |
0.096 | 40994 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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