Hopefully we can push the vwap up before the financial close (Sometime in September this year) so that the exercise price is much higher than today's price.
Long term this is an amazing move because we are getting started on the shovel ready projects at a time when the Aus east coast energy market is undersupplied and the energy market is looking to purchase gas from overseas.
However, we have to hope that Tanarra doesnt want to sell the arbitrage above the strike price to make a quick buck and keep the price down. Time will tell.
Although, considering the way they negotiated the options, maybe DEL thinks 0.068 is really cheap hence a floor on the price - this could then become a new support. I for one increased my position at 0.078 recently, which i am happy i did.
DEL Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
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