I agree. The real value driver here is they've bought up the water rights at seriously depressed prices.
The price of said rights has already increased and if forecasts are met, D2O could be a real winner.
Off topic, this is a little strange:
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 (20min delay)
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Last
$1.53 |
Change
0.005(0.33%) |
Mkt cap ! $238.8M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.53 | $1.50 | $250.5K | 164.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19059 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 10263 | 4 |
View Market Depth
| Last trade - 13.41pm 30/07/2025 (20 minute delay) ? |
| D2O (ASX) Chart |