Where is the feasibility study from the independent expert third party for this project. 8% annual income and 10% per annum capital growth seems ludicrous.
Does anyone have a copy of the feaso, if so please refer the link.
Last time I looked at a recycle methanol/ethanol plant you would need a truck load of excrement and biodegradable to power anything other than a pilot project for demonstration purposes.
I am perplexed why Domacom's ASX 12 page " Wholesale Investor Presentation " was not price sensitive and yet the subsequent 2 page announcement to the ASX 5 days later was. Both contained the same information. It seems that the only thing that changed was an article in the AFR and 4 share trades in between the market bid/offer of $4000.oo to replicate a spike post announcements.
Who are the "wholesale investors" , when and where was this " Wholesale Presentation given. Were the retail investors deliberately not informed and were the "Wholesale Investors" given a discount to market. The terminology other than Buzz language makes no sense.
Does anyone have a handle on this. Would appreciate any input , following the last 2 posts by Ginvest and Racetherat concerning the longevity of DCL. Given the current cash burn rate, and the likelihood of their short term survival, other views would be great.
Cheers
DCL Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held