Pessimistic Outlook: No strategic investor, NSW NOT NOW remains closed for business, DEI float/IPO flops. Anyone in for a capital raising at 5c per share?
Optimistic Outlook: Recent sp move is just a reaction to NSW closing down wiping 10-20% off sp. World markets improve and IPO gets off. SP starts to crawl back.
If I was running DTE at this point I think I would dig in and start running the business, and start selling some gas. It appears that the focus is on looking for a deal all the time. The deal is a consequence not an objective. It would come by itself if other things were right.
DTE Price at posting:
10.7¢ Sentiment: None Disclosure: Held
