I don't like being negative, the statement of Palisade deal falling through genuinely makes me sick to my stomach even thinking about it. These deals take time and there were conditions DEL had to meet to derisk their position which included the downsizing the energy retailer and I'm guessing the Ecogas project completion would of been apart of that. It's a $50m package we're talking about here and it benefits both parties.
Palisade invested $5m into DEL. I looked back at the funding partnership Timetable and the last point says finalisations of documentations and FID expected by March 2023. We're still mid March, we can only hope an announcement is soon. The reason for the large selling I'm not sure, it seems like it's 1 individual capitulating the stock. It's a penny stock.
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10.5¢ |
Change
0.020(23.5%) |
Mkt cap ! $22.65M |
Open | High | Low | Value | Volume |
9.5¢ | 11.5¢ | 9.5¢ | $261.7K | 2.502M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 422217 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 235623 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 422217 | 0.105 |
3 | 145000 | 0.100 |
1 | 50000 | 0.097 |
2 | 56455 | 0.094 |
2 | 70000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 235623 | 4 |
0.120 | 297416 | 5 |
0.125 | 107200 | 3 |
0.135 | 60000 | 2 |
0.145 | 3000 | 1 |
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