It really makes me wonder what it is that DLS has to do to move the SP up just a bit and hold on to that position. Good EOY report and continuing success doesn't seem to cut it. Not all that has been reported in the past weeks was baked into the cake as far as I can see.
Hopefully the overhang of the AQO sellers will pass by quickly and we can get back to some semblance of normal trading and finally rid ourselves of the bots as well.
Would also be helpful in the next presentation, or update at least, to see what DLS have planned for AQO. We do get something for our dilution, if you want to call it that, but we have to make it pay its way ASAP.
Hopefully MHR / NSE are people that we can work with and, moreover, are able to produce the goods in a timely and cost effective manner. I do see this relationship and their approach (the unknown) to be a significant risk to any further success in PEL 570 & 516 and this will have to be mitigated from day one.
Cheers
BW
DLS Price at posting:
$1.46 Sentiment: Buy Disclosure: Held