Morgans have upgraded to add with a TP of 21.5c. Probably not worth mentioning really but it does indicate a turnaround in sentiment from their last comments. Analysts are forecasting FY22 loss of $3.1m. Should be back to profit in 2023. As I stated in my last post holders should not expect a profit from a company which is using most of its capital for quick growth - be thankful they are not at this stage planning future huge CRs and diluting us. This CR was a minnow and was really a stop gap measure while Planum decide whether they can provide ongoing project funding.
DEL Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
