Delorean Corporation Limited (ASX: DEL) experienced a pivotal quarter in September 2023 (Q1 FY2024), demonstrating stabilization in its core business and anticipating a return to growth, buoyed by key contracts and renewed investor interest in its build/own/operate projects. The company commenced contract works on the substantial AU$53 million Yarra Valley Water project, marking its largest bioenergy endeavour to date. In addition, Delorean settled a historical creditor with the Clean Energy Regulator, aiming to recover over AU$1.7 million in cash. The SA1 and VIC1 projects are now actively seeking alternative investment partners, following the expiration of Palisade Impact's exclusivity period. Delorean is also making headway on its collaborative NSW1 project with Brickworks Building Products, exploring new agricultural ventures, and responding to a growing demand for its renewable gas product. As of September 30, 2023, Delorean Corporation Limited holds a cash balance of AU$4.6 million in its financial reserves.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
