Ann: December 2023 Quarterly Activities and Cash Flow Report, page-15

It’s all about appetite for risk from here. Most listed asx construction companies have gross margins between 10 & 15%. I can’t think of a construction company that didn’t bottom during COVID. As stated by others a reasonable funding facility could double this overnight and further project announcements will provide further support for the SP. If DEL deliver this project within budget at near a 10% gross margin and considering the two year contract to follow, I struggle to imagine how it could trade below 10-15 cents. Too many times investors jump as the turnaround story begins to unfold.
GLTAH
Cheers Rb