DEL 0.00% 3.3¢ delorean corporation limited

Ann: Investor Update Presentation, page-7

  1. 196 Posts.
    lightbulb Created with Sketch. 30
    The table is somewhat misleading. Essentially, DEL is spending almost $4million to release the LGC shortfall for over $5million they have locked away in fines. So essentially from what I understand is that they've spent almost $5million in cash for absolutely no return and/or productivity gains. Talk about shooting yourself in the foot.

    Essentially just lost the capability to build the Richgro facility for zilch return.

    Edit: at least management finally broke down the numbers. The spelling mistake in the table also summarises their incompetence at controlling risk management when it came to their LGC strategy, which was ambiguous at best.
    Last edited by TheSourLemon: 02/08/23
 
watchlist Created with Sketch. Add DEL (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
0.000(0.00%)
Mkt cap ! $7.119M
Open High Low Value Volume
3.2¢ 3.5¢ 3.2¢ $10.31K 305.4K

Buyers (Bids)

No. Vol. Price($)
1 61376 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 4025 1
View Market Depth
Last trade - 15.47pm 28/06/2024 (20 minute delay) ?
DEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.