Along with showcasing the company's projects, goals and overall picture, which most of us already knew but will be great for the market to see and I'm keen to see the market reaction next week, I found it interesting that they said on the second last slide that they're looking to have an enterprise value of $300M by FY 2028. They haven't bluntly spelled it out but considering they are going for funding via loans rather than capital raising, that equates to a share price of well over $1, and considering likely debt levels, likely over $2.
I had already looked at the figures and plugged in my estimates and come up with similar possible outcomes, but it's nice to see the company stating it as bluntly as they responsibly can.
Having multiple operations in place already demonstrating the methods and generating income is fantastic and should convince the market that we're not just a company with a wild idea which may or may not be feasible - we know what we're doing, it works, it's been demonstrated, we're not just speculatively hoping for the best, we're getting on with setting things up based on proven methods.
The real market response will come when real world events actually happen, but the price action over the next week or two in response to this will be interesting. Being so illiquid, we only need a few investors or one non trivial-sized one to take notice in order to significantly move the share price.
DEL Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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