Australian (ASX) Stock Market Forum

DYL - Deep Yellow

Market Cap said:
Guess that is a good sign. DYL's value is vindicated by a major in the industry. Also when PDN was trying to take over another uranimum company it's SP was under pressure. This also indicates that the market approves of PDN's purchase of DYL.

The world most expected new uranium mine, the Cigar Lake in Canada is flooded completely. It will add the uranium shortage in 2008 and beyond. People is betting on the spot and long term uranium price will soar..Of course, all the producer-to-be like PDN, and SXR.TO are benefited most. Also the company with resources, particularly JORC resources are heading higher to less extend, such as ERA, PNN, MTN, OMC, EQN, CMR...included DYL.
 
All we need is a drilling result!!! PDN went up alot on the announcement of the DYL substantial holding perhaps we can expect DYL to do the same over the next few days... I can't see this company falling lower than 15 cents it's too good now!!! <<< don't take this seriously, it's just an opinion. :cool:
 
mmmmining said:
The world most expected new uranium mine, the Cigar Lake in Canada is flooded completely. It will add the uranium shortage in 2008 and beyond. People is betting on the spot and long term uranium price will soar..Of course, all the producer-to-be like PDN, and SXR.TO are benefited most. Also the company with resources, particularly JORC resources are heading higher to less extend, such as ERA, PNN, MTN, OMC, EQN, CMR...included DYL.
Canada should just resource water to australia... they seem to have lots of it :D
 
Hey fellas, I am not gloating here, but it seems I made a good call.

Next test is 20 cent resistance level so if it breaks this should go for another good run.

My guestimate is it will break it by Friday.

Yesterday was a good accumulation day.

Where is Kennas gone by the way??
 
jemma said:
Hey fellas, I am not gloating here, but it seems I made a good call.

Next test is 20 cent resistance level so if it breaks this should go for another good run.

My guestimate is it will break it by Friday.

Yesterday was a good accumulation day.

Where is Kennas gone by the way??

Hi Jemma, I have been in Cairns looking at a charter business I was thinking of buying. Got back Monday.

I sold at $0.19 and am assessing what's next for DYL. The PDN move is very interesting. Perhaps they are going to start buying up all the decent explorers in Australia? Wonder how much they will have to pay for all of DYL?

I have no idea how you keep putting days and dates on when you believe the sp of certain stocks will break through. There are just too many variables for me to ever pluck a date. Except if the company has come out and said they are going to release results, or whatever, on a certain day. :confused:
 
jemma said:
Glad to see you are back. LOL
hmmm just to help u guys out..serious tho my Jemma,glad u picked DYL over that dog EXT..at least here ur a chance to make some money..good luck Jemma and all the best fortunes for u ;)
 
i agree that this could fly if we see the end of the resistance around 19-20 c which there is a whole lotta but if it doesnt get past there and a whole lotta 12c heads come out should see it sink back down methinks. i sold yesterday at 18.5 cause everyone was doing it and i wanted to get my credit card debt back to 4 figures...
 
Hello Petee, my friend.

Thanks for your kind words, not a bad call from me hey Kennas.

Kennas, what do you see as the price target. I have 30 cents, from cup and handle pattern that has formed.
 
jemma said:
Hello Petee, my friend.

Thanks for your kind words, not a bad call from me hey Kennas.

Kennas, what do you see as the price target. I have 30 cents, from cup and handle pattern that has formed.

It's a pretty rough old cup and handle, but if you think it is, and this is the break up from the handle, the target would be $0.28 imo.
 
**** . 22 i wish i could listen to my own advice, ima go throw my money down the toilet or maybe buy some more jpr's
 
kennas said:
It's a pretty rough old cup and handle, but if you think it is, and this is the break up from the handle, the target would be $0.28 imo.

Kennas,

That's my target also. I agree. Ta.
 
So DYL would be worth around 200 million fully diluted once all the shares come onto the market from their recent deal? They do have uranium in their EPL's but their licenses are huge..they need a deposit in one spot for it to be worth bringing a mine online.

"The merger will proceed by a two tranche acquisition process, under which DYL will pay cash of A$2.58 million and issue up to 174 million DYL shares"

Then they will have a 1:5 non-renounceable entitlement issue at 12c per share, to raise up to approximately A$15 million. This will be another 125 million shares onto the market. So all up they will have 926 million shares on the market..but they will have a little bit of cash to fund exploration.

I hope they keep going for you guys..keep an eye out though. starting to get overpriced IMO.
 
It looks like they have something at Napperby..But anything in Australia cant be mined..which is the annoying thing. Still has to be worth something though. Anyway good luck guys. I hope they do well.
 
chris1983 said:
It looks like they have something at Napperby..But anything in Australia cant be mined..which is the annoying thing. Still has to be worth something though. Anyway good luck guys. I hope they do well.

You can mine anything in the NT Chris.
 
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