Develop Global Limited

ASX:DVP

Develop Global Limited

ASX:DVP
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$1.950 (-4.4%)
Last close price
#234
Rank
6
Held by
13
Followers
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Forum Topics DVP DVP Financials

Pinned straw:
edgescape
Added a month ago

Maybe another reason for the poor share price are the share options outstanding

d831156e5ad397021c5705e36a8e1f2290b611.jpeg

A few days ago Blackiston excised his 1.4m 75c options DVPAY

But there's still a heap left and DVPAA expired last week

Wonder if the weird trading is from all these options floating around?

[held]
BkrDzn
a month ago

The oppies are owned by insiders, mostly Bill, so not sure they're really overhang.

7
edgescape
a month ago

Yes these are more to show the level of confidence from insiders

If they do excise then I would see that as bullish.

Obviously they can sell once excised which is not so good! But I think that's unlikely.

7
edgescape
a month ago

Confirmation and a sigh of relief. I guess the falling share price was betting the worst case scenario which had suddenly reversed in the last couple of days.

0f4b247b1250e3df977fec909019785a17ecd9.png

Not enough to plug the funding gap though. Startup Capex of 42m plus 20m contingent payment on FID and then 30m for production restart but after 18 months.

Probably cash on hand from last quarter is 36-14+11.5=33.5m

Not out of the woods.

Never knew holding VXR/DVP requires so much patience.

Still holding DVP due to Bill Beament's record so there is lots of confirmation bias here which is not healthy.

May expect another fall but I think it will be safe to top up on any dip now these options are done.

Any NST shareholders out there that held since 1c please share your thoughts!

6