DYL - Deep Yellow

[doyoureallycare]

Deep yellow into trading halt after the close of trade today.

Hopefully they are ready to announce the info that I have been waiting for.

I wonder who sold today? oops!

 

[PhoenixXx]

Still on halt today. Market has been bearish since the beginning of this week. Anyone know why this halt is about?
Please enlighten

 

[prawn_86]

I dare say it will be the release of the namibian results.
it also wouldnt suprise me if the ann wasnt released untill monday, ie after close on friday, so all buys are classed as FY08

 

[doyoureallycare]

Pre-Noiced received. Should be seeing something today.
My bet is an announcement after the close of trade today.

 

[doyoureallycare]

DYL Suspension from Official Quotation pending the release of an announcement.

This is what I wanted. This is great news!

 

[Haveacrack]

Doyou,

mmmm......it must certainly be the ann. we have all been waiting for. I just hope it doesn't gap up too much in the meantime.

 

[the barry]

DYL Suspension from Official Quotation pending the release of an announcement.

This is what I wanted. This is great news!

Just read the report, can you fill me in on what is so great about this? Are you refering to the extra shares they are going to issue on the billions they already have issued or the historic results? Can anyone explain why they needed to go into a three day tradinghalt over that news? Seems pretty insignificant to go into suspension?

 

[doyoureallycare]

Haha they've announced what I have previously posted here.

They've probably announced this so they can compare the new drill results to it.

 

[philby3]

Can someone explain it to me, like I'm a 15 year old?
What, exactly, have they just announced? why ann it - didn't we already know about the EPL? What was the nature of the discussion with ASX?
So what's different?
'scuse my lack of understanding.

 

[Ubull]

Can someone explain it to me, like I'm a 15 year old?
What, exactly, have they just announced? why ann it - didn't we already know about the EPL? What was the nature of the discussion with ASX?
So what's different?
'scuse my lack of understanding.

The ann is not the one that was going to be put out...previous annoucements for the other three Namibian EPLs with similar levels of work had resource numbers - c 40m lbs etc. ASX took loads of time hence the halt and delay etc.

 

[borat]

The ann is not the one that was going to be put out...previous annoucements for the other three Namibian EPLs with similar levels of work had resource numbers - c 40m lbs etc. ASX took loads of time hence the halt and delay etc.

I still dont understand what happened... Is there still an ann to come out and when could we expect this? My understanding was that it was going to be the nambian results...

 

[Haveacrack]

Yes, more results expected. The ann just released was to do with their latest tennament aquisition and has no bearing on the ann. due shortly. The SP retreated and this is a natural occurance when the market expects news and doesn't get what they expected - some holders get the jitters and bail out. Stay cool!

 

[barney]

I still dont understand what happened... Is there still an ann to come out and when could we expect this? My understanding was that it was going to be the nambian results...

Looks like the ASX must have blocked the initial announcement. Maybe they thought it was going to "excite" the market too much, so DYL had to water it down. They state the "non-JORC" results are "material", so obviously they are pretty happy about what they are onto.

The selloff to 40 cents took three and a half minutes -- then one and a half minutes back to 49 cents -- Stop losses being triggered everywhere (Makes a good argument for EOD stop losses !!!)

A lot of punters lost their shares, and a lot of savvy buyers picked up a bargain imo ............... Might require some consolidation now after a bit of pain to many, but I suspect that DYL are very happy with their position, and long term holders will be well rewarded imho ...............

 

[malachii]

Seems to be taking a bit of a hit today - not sure why but think I'll pick some more up. Any ideas anyone???

malachii

 

[Ubull]

Namibia ann out. The area was the reason for the halt before. If you do the maths on the numbers in the ann. you can see what target resource is being aimed for...

 

[crombo97]

Care to elaborate Ubull
Good news or bad news???
I cant seem to see the anouncement yet.
I am waiting for a good re-entry point?????

 

[prawn_86]

ok guys, this isnt my research, it is that of a friend from another site, and he gave his permission to post it:

DYL originally said that they had 18,000 tonnes of U in their 3 Namibian prospects (Tubas, Tumas & Oryx).

At Aussinanis they've said that they've got a prospect that is 20 - 25 million tonnes, containing 0.025 - 0.03% U.

If we take the lower estimates of 0.025% of 20M tonnes, we get 5000 tonnes of U.

But this is only for 25% of the 15km long prospect, so if we multiply it by 4 we get 20,000 tonnes of U.

So I think what they're trying to tell us is that they've potentially doubled their U in Namibia to around 36,000 tonnes


By comparison PDN, the big daddy of U in Namibia, has 24,000 tonnes at Langer Heinrich.

if you ask me DYL is very out of favour, especially with the price dipping below 50c now. im not sure what they can do to prob the price up and if it stays like this the latest rights issue wont be fully subscribed. any other ideas out there?

 

[PhoenixXx]

Now I doubt shareholders will take the offer as the sp plunged down below 50ct. Unless the sp rises before the closing date of the offer.

 

[Sean K]

I'm watching this again now for a trade. Found support as would have been expected, and starting to bounce.

My concerns are overall market skittiness with sub prime, U stock weakness, etc..Tight stops required here.

 

[barney]

I'm watching this again now for a trade. Found support as would have been expected, and starting to bounce.

My concerns are overall market skittiness with sub prime, U stock weakness, etc..Tight stops required here.

Howdy Kennas. Hope married life is treating you well.

I agree it looks a lot healthier than after that announcement debacle the other day ............. Higher lows and higher highs is a good sign .......... Probably a bit of resistance around the low 50's, but if it gains some momentum through there, things will be looking ok ............. I bought back in today based mainly on momentum, but most indicators are improving ..... Cheers.