DVP 1.32% $2.25 develop global limited

SP still in depths of technical death cross, no sign of life...

  1. 2,233 Posts.
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    SP still in depths of technical death cross, no sign of life whatsoever with MACD still way below zero.
    ESS acquisition blew out the SOI, invited lithium punters on to the register. Lithium prices dropped, punters left. WL timeline to production protracted, uncertainty around financing. MINres exited at $2. SP routed. Even $5 Copper couldn't move the SP much back in May.
    Going into the fourth year the business has yet to materialise from a valuation perspective. The market seems to be more cautious when it comes to buying this stock resultant in a lacklustre SP.
    Because they got the track record to boast, they need to consistently deliver since they set the market expectations with the rock star launch and whatnot.
 
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