Australian (ASX) Stock Market Forum

DLI - Delta Lithium

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waterbottle said:
What's going to cause the price rise in June?
There are a whole bunch of other companies in the Pilbara too
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Contractual obligation ....

@Rabbithop has entered in the monthly ASF tipping competition and posting about the company is one of the conditions of entry acceptance.

You ought try it some time. ?
 
Dona Ferentes said:
Contractual obligation ....

@Rabbithop has entered in the monthly ASF tipping competition and posting about the company is one of the conditions of entry acceptance.

You ought try it some time. ?
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Fair enough, I thought there was a legit point of difference with this miner compared to many of the others already on the ASX
 
interesting how so many minnows are getting stakeholders

DELTA SECURES IDEMITSU AS STRATEGIC INVESTOR

Highlights
• Idemitsu Australia invests ~$46.4 million in Delta at an issue price of $0.7075 per share, increasing its shareholding to 15% of the issued capital of the Company
• The Placement Price represents a 7.5% premium to the 10 day VWAP, and a 8.0% premium to the most recent closing price on 13 June 2023
• Idemitsu Australia will have the right to nominate a director to the Board and a right to participate in any proposed future equity offers
• Delta and Idemitsu Australia have agreed to negotiate and enter into a strategic cooperation agreement in relation to various commercial opportunities to leverage Idemitsu’s substantial financial and technical capabilities and maximise the value of the Mt Ida and Yinnetharra lithium
projects through key Australian, Japanese and international relationships
• Upon completion of the Strategic Placement, the Company will have cash at bank of ~$90 million to continue advancing its Mt Ida and Yinnetharra lithium projects
 
Dona Ferentes said:
interesting how so many minnows are getting stakeholders

DELTA SECURES IDEMITSU AS STRATEGIC INVESTOR

Highlights
• Idemitsu Australia invests ~$46.4 million in Delta at an issue price of $0.7075 per share, increasing its shareholding to 15% of the issued capital of the Company
• The Placement Price represents a 7.5% premium to the 10 day VWAP, and a 8.0% premium to the most recent closing price on 13 June 2023
• Idemitsu Australia will have the right to nominate a director to the Board and a right to participate in any proposed future equity offers
• Delta and Idemitsu Australia have agreed to negotiate and enter into a strategic cooperation agreement in relation to various commercial opportunities to leverage Idemitsu’s substantial financial and technical capabilities and maximise the value of the Mt Ida and Yinnetharra lithium
projects through key Australian, Japanese and international relationships
• Upon completion of the Strategic Placement, the Company will have cash at bank of ~$90 million to continue advancing its Mt Ida and Yinnetharra lithium projects
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OMG! The open price was unbelievable. Well, I just bought a bag after exiting LTR with gd profit.
 
Dona Ferentes said:
interesting how so many minnows are getting stakeholders

DELTA SECURES IDEMITSU AS STRATEGIC INVESTOR

Highlights
• Idemitsu Australia invests ~$46.4 million in Delta at an issue price of $0.7075 per share, increasing its shareholding to 15% of the issued capital of the Company
• The Placement Price represents a 7.5% premium to the 10 day VWAP, and a 8.0% premium to the most recent closing price on 13 June 2023
• Idemitsu Australia will have the right to nominate a director to the Board and a right to participate in any proposed future equity offers
• Delta and Idemitsu Australia have agreed to negotiate and enter into a strategic cooperation agreement in relation to various commercial opportunities to leverage Idemitsu’s substantial financial and technical capabilities and maximise the value of the Mt Ida and Yinnetharra lithium
projects through key Australian, Japanese and international relationships
• Upon completion of the Strategic Placement, the Company will have cash at bank of ~$90 million to continue advancing its Mt Ida and Yinnetharra lithium projects
Click to expand...

With Delta spending more than $9m a quarter I was recently thinking that being down to their last $45m wasn't ideal. :)

This puts that concern to bed and brings in another major stakeholder to go with MIN and Gina, and at a premium is a nice touch.

DLI are pushing hard for production of DSO from Mt Ida by the end of this year.
 
houtman said:
With Delta spending more than $9m a quarter I was recently thinking that being down to their last $45m wasn't ideal. :)

This puts that concern to bed and brings in another major stakeholder to go with MIN and Gina, and at a premium is a nice touch.

DLI are pushing hard for production of DSO from Mt Ida by the end of this year.
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?I entered this stock in the comp but not a holder until this morning. Hope is smooth sailing from now.
 
Rabbithop said:
Why DLI in July comp pick....reasons are in the hot lithium location and she is trying to get into production asap. May be another PLS.
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My DLI was going Great at open time.
Profit takers did it until it turns RED!
Oh well, sitting on the side line hoping to pick up more.
 
Rabbithop said:
My DLI was going Great at open time.
Profit takers did it until it turns RED!
Oh well, sitting on the side line hoping to pick up more.
Click to expand...
DLI has been mentioned in dispatches by ZEU ( now in TH). Maybe some corporate action? ... or maybe just getting ahead of themselves?
 
Rabbithop said:
?I entered this stock in the comp but not a holder until this morning.
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So far so good ...looking to open higher


Screenshot_20230623-095223_Drive.jpg
 
Once again great leap forward @Rabbithop .
I am thinking of the analyst of this fund manager who unloaded a chunk of holding only recently and must be sucking his/her thumb after seeing the drill result and price
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