Looking back at the IPO price and the hype around this stock when it first hit the ASX, it’s kind of wild to think that the share price is still at 16c. Back then it was only a vision for Delorean to build own and operate their own plants, and the share price quickly rose above 40c just based on that story. Right now they are in a much better position with profitability, funding, EPC contracts, off-take and connection agreements, but we still haven’t managed to reach the IPO price point somehow. This is definitely an undiscovered gem in my opinion, and I can’t wait to see what the share price moves to once the SA1 plant is commissioned and the first revenue reports come through.
DEL Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)