They really need to get someone with corporate experience to review their announcements before they are released to the market. This is another one which reads like a child wrote it.
I would say that between this project and Sunraysia, high paid Decmil management will have squandered the entirety of the $50m emergency cash they raised a year or so ago "to pursue bigger projects". That was always just a cover story for simply running out of cash while they paid their executives a fortune.
And, as predicted, the NZ issues flared up 4 months ago when the NZ Govt stopped payment, just as the founder was stepping off the Board. Nice timing.
I see this at under 20 cents, right where it was in the middle of the GFC, more than 10 years ago.
DCG Price at posting:
41.0¢ Sentiment: Sell Disclosure: Not Held
