@jocaThe increased push to get drilling advanced and fast...

@joca
The increased push to get drilling advanced and fast tracked for a DFS by End Of Year seems to suggest that our instos are seeking a buyer T/O rather than building long term value proposition. Delphi are on the register for a 3 bagger not to be here in 10years time in my opinion. A long term insto wouldn't be allowing the register to be diluted aggressively. They will encourage a business to take smaller steps in achieving outcomes and assure they will be patient.

This is the only reason why I can see our instos still holding shares and happy to raise big sums at such low market cap. A true longer term holder would say let's just get stage 1 up and running for a period of time and then move onto stage 2 when cashflow is stronger and funding a CR would be done at the times today's prices minimum.

This last quarterly was disappointing and indications are June quarter is going to be a marginal quarter. If the register was full of retail like prior we would have had the SP smashed by 30% on this quarterly. The big boys are who I will follow, as long as they keep holding and buying I will buy also. They would have far better understanding on potential T/O or true position of operations than any of us here on this forum including the perma bear.