Re-reading the report I believe management have bookmarked that before the end of FY2023 they will have FID finalized for SA1/VIC1. DEL has currently sunk ~6.4 million into these and Palisade have offered up 5 million in exercisable tranches (very much out of the money). I am unsure whether there will be a significant payday if those two projects are approved.
The company, as I write this, has <2 months of runway with a target that is ~2months away. Management have previously blown everyone away with their previous inept timelines so I still predict a capital raise is on the cards, plus releasing a weak quarterly at market close. The recent flurry of fluff announcements on LinkedIn generally follows up with a very weak cap raise. As others have noticed, the excuses for short term cashflows are piss poor and it doesn't take a chartered accountant to know things are dire and ready to fold.
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Re-reading the report I believe management have bookmarked that...
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7.8¢ |
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Mkt cap ! $16.82M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 74324 | 0.074 |
3 | 69510 | 0.070 |
1 | 30000 | 0.069 |
1 | 30303 | 0.066 |
Price($) | Vol. | No. |
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0.080 | 20000 | 1 |
0.084 | 216773 | 3 |
0.085 | 26666 | 1 |
0.086 | 24125 | 1 |
0.088 | 215 | 1 |
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