Yes undervalued, it’s just hard to get a read on what management...

Yes undervalued, it’s just hard to get a read on what management is up to.

My understanding is Glencoe drilling finished months ago and yet no assay results.

We have been waiting for permits to drill Thunderball for six months which seems odd and I think we have some funding from NT government for some drilling there, so it’s odd they approve funding but slow on the drill permit.

Not sure what’s happening with MAT, they extended the offer period but haven’t increased the bid yet.

GPR, BTR and ERM ???? all in the wind in my opinion. BTR is doing plenty of M&A and recently started sending ore to GMD for processing but they have used their script for all the acquisitions and have about 11 billion shares on offer which brokers can exploit to churn and cap the sp for an eternity.

Cardinia/Mertondale scoping study in progress but I suspect it’s just a marketing exercise and will be sold off, now if they would pass some of that cash onto holders that would be fantastic but I suspect they will throw that cash around into more Delphi stocks.

Personally just hoping it all works out and perhaps they go mining but they need to demonstrate or perhaps even let holders know the plan and how we can get a return because the market isn’t seeing any value in the assets.

Delphi is the elephant in the room.