I have taken entry recently and like Deloreans strong prospects.
Bioenergy makes up only about 4% of Australias energy mix compared to 7% in OECD countries and there are massive tailwinds domestically.
Globally the average value multiple of EV/EBITDA in the green & renewable energy sector is 15.7x and 12.8x in energy & environmental services sector.
I am predicting forward EBITDA will reach $6M across their projects in late 2022 and a shareprice north of 50c+. Happy to back management who are in total shareholder alignment.
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I have taken entry recently and like Deloreans strong prospects....
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