The theme behind DEL's modus operandi accords with current Govt energy objectives. The engineering is well proven with plenty of examples operating in Europe. The circular environmental benefits of turning bio waste into bio energy and nutrient fertiliser is socially needed. There is a pipeline of projects which are awaiting funding.The problem here is past management failures and its stigma as well as consequent difficulty in easily raising development funding for its projects. DEL is currently operating on a shoestring budget and CRs are unlikely due to the current low price and existing holders not wanting to bear the dilution involved. However - due your due diligence well and weigh your risk against the possible rewards. It is still early days in this company's turnaround so I would not be prepared to give an opinion about exactly where it is from a recovery point of view
DEL Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
