DYL - Deep Yellow
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Sean K
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chris1983 said:
The authority to mine in NT is with the Federal Government, not State. Labor 'No new brains policy' is not relevant, unless I'm sadly mistaken.
I think Jemma is right though. When Napperby does become JORC it will have a bit more of a run. So it may be worth holding untill that happens. Good luck guys. Then if the Aussie government stops their stupid 3 mine policy you'll be set. Lets hope its soon.
kennas said:
Yes your right Kennes..its up to the Federal government..but they have to drop their 3 mine policy rule which still stands. Sooner they drop it the better for you because the NT state government supports uranium mining. Not like WA (Wait Awhile) I would never invest in uranium explorers in WA.
Sean K
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chris1983 said:
Chris, just to re emphasise, the 'no new mines' policy is a National Labor policy, not the current Liberal Gov. As all of the State Govs are Labor they currently must follow this policy, or they get sat on by Big Kim. Next year, the National Labor party sit to determine the big issue policies that will bind the party nationally. One of the big issues will be the no new uranium mines. Big Kim has stated that he will be looking to change this policy to allow new U mines...If he didn't already have the numbers to support this he would not have stated it, as he will look like a big fat goose if he does not get the policy changed. The WA and QLD State Gov have stated that they don't really want to change, mainly because nuclear inustry will effect the big fat tax payments they get from coal mining. However, QLD has sai, 'yes, we will change if National policy changes' while WA has state, 'no, no never', which I believe is just a political ploy. They WILL change, because the National Labor Party will change their mind for them....
doctorj
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No, that's not it at all. They'll all vote on it and decide on Labor policy. Kim's already said he's in favour of it being reconsidered, all he has to do is convince 50% of his party.chris1983 said:
Sean K
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Fab said:I am now looking at this stock under a different light now that PDN bought almost 8% of it. It can not be that bad if the well experience management at PDN is putting money into it
Buying today some DYL. Waiting for order to go through at opening
Be wary of jumping on the bandwagon after the horse has bolted only to be left without a chair when the music stops.
Sean K
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Good luck Fab.
Personally, I'd be cautious about a short term pull back in all U stocks once the excitement from the Canadian miner delay thingy blows over. Not saying it definately will, but not all things go verticle for ever.
I'd like to see DYL consolidate a little over $0.20 for a start. Then, if it holds well, I'd think about getting back in. I suppose I'm just relaying my experience from jumping on momentum after the big gains have been made. I've been burnt many times jumping on too late.
You might not have the same happen to you, but they've been expensive lessons for me.
Personally, I'd be cautious about a short term pull back in all U stocks once the excitement from the Canadian miner delay thingy blows over. Not saying it definately will, but not all things go verticle for ever.
I'd like to see DYL consolidate a little over $0.20 for a start. Then, if it holds well, I'd think about getting back in. I suppose I'm just relaying my experience from jumping on momentum after the big gains have been made. I've been burnt many times jumping on too late.
You might not have the same happen to you, but they've been expensive lessons for me.
Sean K
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Fab said:PDN now owns 11% of DYL. I like that as this sounds to me like a vote of confidence
Is this just the Tanami stake or are they taking a position?
I am more thinking they can see some value in this company that is why they are investing in it. Bearing in mind that everybody seems to be saying that PDN management is top quality therefore DYL must be a good investment.
Another reason I can see in them buying over 10% of this company is that they might think that they will be a takeover target in the future.
Anyway seeing PDN buying into DYL looks to me as a vote of confidence in DYL that is why I bought DYL today
Another reason I can see in them buying over 10% of this company is that they might think that they will be a takeover target in the future.
Anyway seeing PDN buying into DYL looks to me as a vote of confidence in DYL that is why I bought DYL today
Sean K
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Fab said:I am more thinking they can see some value in this company that is why they are investing in it. Bearing in mind that everybody seems to be saying that PDN management is top quality therefore DYL must be a good investment.
Another reason I can see in them buying over 10% of this company is that they might think that they will be a takeover target in the future.
Anyway seeing PDN buying into DYL looks to me as a vote of confidence in DYL that is why I bought DYL today
Yep, I agree. Good news for DYL.
