Ann: Delorean Corporation Market Update - FY24 Guidance, page-17

A couple down rampers here which is understandable. In a broader sense I think people under appreciate just how poor and unlucky the timing was for this company to go public. A global downturn, covid causing large delays, rapid interest rate hikes etc... the company were over overzealous at precisely the wrong time. Of course, the smaller end of the market was going to get hammered during this period, of course it would be an extremely tough few years to rattle the tin (hard to anticipate) and of course operational costs would increase. Prior to listing they had demonstrated profitably for several years and already alluded to flat earnings in FY22/23 due to the development pipeline.

From a high-level macro view, we are finally seeing the green shoots and a rotation into the micro space. The money market is beginning to show its face again.

With biomas production largely unsubstantiated in Australia and all the unproven variables this is has very much been a story stock to date.

Yes there is debt (I think posters above would struggle to find listed companies on the ASX of this size that are debt free).. Yes management has not done the best job over the years however the recent government grant seems to be the exact lifeline that the company was looking for.

From 'reading' the one pager, on face value the overall financial situation DEL finds itself in definitely seems to be improving.

GLTAH