DLI 2.27% 21.5¢ delta lithium limited

Curious how on a Saturday you changed your not held to held and...

  1. 81 Posts.
    lightbulb Created with Sketch. 12
    Curious how on a Saturday you changed your not held to held and what changed from None to Buy sentiment?

    For some constructiveness. This is my take on the stock and why I am holding and accumulating at these prices, in simple terms.

    Cash in the bank at 116m~
    mcap sits at 206m~
    meaning pure value is 90m~ that's what the market currently values an MRE lithium of 40.4Mt and MRE gold 412k ounces

    Gold in the ground is over a billion dollars worth based on the MRE and current gold price, DLI have stated about a sale or toll treatment. At the most pessimist of sale prices we'll say a 1/4 of its worth that's still more than the current mcap.

    So in saying that either the gold or lithium is not priced in.
    DLI are not mining tomorrow and have massive potential to increase their MRE's both gold and lithium, with plenty of cash in the bank. Way undervalued and can easily make 4x
 
watchlist Created with Sketch. Add DLI (ASX) to my watchlist
(20min delay)
Last
21.5¢
Change
-0.005(2.27%)
Mkt cap ! $153.3M
Open High Low Value Volume
21.0¢ 21.8¢ 21.0¢ $62.75K 292.5K

Buyers (Bids)

No. Vol. Price($)
4 113955 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 229477 12
View Market Depth
Last trade - 12.44pm 19/06/2024 (20 minute delay) ?
DLI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.