DYL Suspension from Official Quotation pending the release of an announcement.
This is what I wanted. This is great news!
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.
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...
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.
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.
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