Despite how low risk this is (proven model of operation, basically no market risk, no sovereign risk, no funding risk as it's fully funded, etc), sometimes the market just doesn't take things seriously until the proof-demonstrating pudding is already served up.
You're absolutely right that other startups with far more risk are priced at multiples of what we are respective of projected earnings and SOI. It's surprising that despite us being in such a favourable sector which is both heavily supported by the left-leaning government, loved by the majority of the population and hated by pretty much no one, we are currently so undervalued. Based on what far riskier starups are priced at, you could easily expect DEL to be at 30-50c right now.
The good news though, is that regardless of what the share price is at now, once that proof-filled pudding gets served up, the market absolutely will take notice and the price will get to where it should be. If you don't need to sell now, the price now doesn't matter, and a low price at this time is simply a fantastic buying opportunity.
DEL Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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