DYL - Deep Yellow
- Thread starter slimtrader
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- deep yellow dyl
I have been in this for months waiting for breakout. What patterns are you suggesting here, is it saucer bottom???
They have results overdue by 2 weeks, should be this week, if we break 16, we are heading to all time high.
If it breaks 13, it is going to 10 again, but I dont think this will happen.
Your thoughts???
They have results overdue by 2 weeks, should be this week, if we break 16, we are heading to all time high.
If it breaks 13, it is going to 10 again, but I dont think this will happen.
Your thoughts???
Sean K
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Agree with .16 but think .12 is the critical down support.
Looks good for a break up I reckon.
Looks good for a break up I reckon.
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My chart sayd DYL headed south. Candlesticks look ugly with Dark cloud cover. Volumes have thinned out as well. Could well head back to 10 cts range in the coming week. Need some BIG news to move this baby. After all that director buying the sp is not able to move forward strongly.
BYG
BYG
Sean K
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jemma said:
By the chart above it just looks to be generaly trending up from a low of $0.02 a year and a half ago. Now staying above 200d ma, and just hitting the bottom of B band which should see it move to the upper level which is about $0.16. Pretty sketchy though.
Agree you could see this as slightly negative with the recent highs getting lower. No short term trend really.
As with all uranium plays though, just needs some good news from the government, or to find a radioactive rock on a tenament, and it'll go up.
Sean K
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Nice change of Avatar Jemma. I've now known you as a vampire and a devil. Interesting choices!
Hopefully they've got the drilling method right at Napperby this time, although the last ann seemed to confirm the mineralisation is there and they are the right track.
Hopefully they've got the drilling method right at Napperby this time, although the last ann seemed to confirm the mineralisation is there and they are the right track.
kennas said:
You forgot the avatar of the rolling dice!!!
Yes, drilling was slow if you listen to boardroom radio, www.brr.com.au, Dr Leon explain why and that they are speeding it up. Once they prove a resource, this will take off, results also due from Matrix relationship.
Been a long slow ride with this one, very boring!!
Sean K
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They've got some strange deal with PDN as well, which is interesting. From their web site:
Paladin Resources Ltd (Paladin) has granted DYL an exclusive licence to use data from the Paladin database (acquired by Paladin from Uranerz) in relation to the Napperby and NE Arunta project areas and surrounding areas within an approximate 50 km radius. After 5 years, the licence will revert to a non-exclusive royalty free licence in perpetuity.
Any idea what that means?
Paladin Resources Ltd (Paladin) has granted DYL an exclusive licence to use data from the Paladin database (acquired by Paladin from Uranerz) in relation to the Napperby and NE Arunta project areas and surrounding areas within an approximate 50 km radius. After 5 years, the licence will revert to a non-exclusive royalty free licence in perpetuity.
Any idea what that means?
Don't quote me, but it sounds like the data will be 'open file', free to all interested parties. As for DYL's sampling program, they bit the bullet and are doing it right this time. Also for the shallow nature & type of the resource they're looking at you can't go wrong with trenching. General comment on their tech team, I did postgrad with one of the geos & he's v. competent (and had been working in the region for at least 5 yrs with Normany/NFM - {now Newmont} in the Tanami as a regional exploration manager ie. lots of experience in the region & there's*** loads of U resource lying around the Tanami - Nthn Arunta region). I think they're going places & am a long term holder of them now.
Jemma
if it is any extra comfort, I'm looking out my window & the weather here in the centre is perfect, so they should be going gang-busters re drilling (although those larger diam hole take a while...). Hoping for them to release news within the next few weeks (probably held up at the labs since every man & his dog is sampling right now). This time of year is always ID Aust projects/companies, accumulate & hold till chrissy anyway.
if it is any extra comfort, I'm looking out my window & the weather here in the centre is perfect, so they should be going gang-busters re drilling (although those larger diam hole take a while...). Hoping for them to release news within the next few weeks (probably held up at the labs since every man & his dog is sampling right now). This time of year is always ID Aust projects/companies, accumulate & hold till chrissy anyway.
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jemma said:
Jemma,
I see your chart is looking very promising & it looks like your stock is respecting the uptrend releigiously.
looking good on short term
cheers,
Sean K
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I'm not going to encourage people to get on this, but you are right Jemma, that a tight stop might not be required. As you say, being drifting for months. Last few days have been positive though. Vol up a little, pos divergence MACD going up. Might be about to break up, but too early to tell. A bit of hype around the past few days on uranium, so that could be the driver.
