DEL 7.50% 4.3¢ delorean corporation limited

They're $10m in debt with no revenue streams. The money they...

  1. 147 Posts.
    lightbulb Created with Sketch. 61
    They're $10m in debt with no revenue streams. The money they would of reported would of just been from Yarra Valley. It's a $50m project, of course they're going to have cash Injections but it's a liability as they need that money to complete the project. The company is being propped up by EPC contracts that will most likely go over budget. I just see this report as them trying to make themselves look good when in fact it's not even their money.
    They owe $5m to Palisade after the deal broke through and the $2-3m loan that on a ridiculous Interest rate of circa 20%. All these new people coming in being like 'Am I missing something?' haha. Go Invest in a healthy company. This isn't one.
 
watchlist Created with Sketch. Add DEL (ASX) to my watchlist
(20min delay)
Last
4.3¢
Change
0.003(7.50%)
Mkt cap ! $9.276M
Open High Low Value Volume
3.9¢ 4.3¢ 3.9¢ $6.392K 161.0K

Buyers (Bids)

No. Vol. Price($)
1 112000 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 9999 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
DEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.