no news by dly management, page-65

The reporting by management to date has IMO been very good. I think a lot of the people complaining don't understand the continuous disclosure requirements of the Corporations Law well enough.

The general rule is that the company must immediately tell ASX when it becomes aware of information that a reasonable person would expect to have a material effect on the price or value of the entity's securities.

The key word here is material.

In prior announcements, management have already indicated that DYL is still on track to prove up resources of approx 100 to 120 million pounds by the end of 2008.

This means that if the most recent drill results have not changed this fact, then they do not have a legal obligation to report anything. They would technically only need to report to shareholders if the drill results would lead to a materially higher resource or a materially lower resource then already reported.

So if you're happy with the 100 to 120 million pound target (I definitely am!!!), then you could say that no news is good news.

The share price is falling IMO because of the following reasons:
- the impatient and panicky traders are selling out;
- daytraders;
- margin calls resulting in forced selling;
- general market sell off (DYL is not the only share that is falling in price. Give management a break!)
- some investors selling out cause they believe that cash is king at the moment
- some investors selling so they can sleep at night.

I hope the above explanation helps ease peoples minds a bit, especially those worried that the lack of drill results could mean that something is wrong. As you can see from my explanation above, it is actually quite the opposite.

I do hope though that someone will still sell me some DYL shares at 20 cents. Fingers crossed!!!