Ann: DEL Awarded Yarra Valley Water's Waste to Energy Project, page-14

I shared some of my thoughts on this recently here: https://hotcopper.com.au/threads/ann-change-in-substantial-holding.6453737/?post_id=57953302

But if you look at the chart you can clearly see there is a bit of a disconnect between buyers and sellers since the Brickworks announcement. It's been swinging wildly as most sellers what higher prices but buyers are still trying to pick it up at ~20c and to be honest why shouldn't they its still quite possible. Us existing investors want to accumulate at ~20c, for the share price to move what is really needed is more publicity i.e. new long term investors. As per the companies last update there is only 2,211 DEL holders, with 963 accounting for 96.82% of all stock, and only 114 holding greater than 100,000 ($20,000) or more shares accounting for 79.26% of stock.

Personally I view the stagnation in price as time to accumulate more shares. Many of the reasons I listed for the share price not moving in my link above will change over the next 6-8 months.


Brickworks announcement.