THE SQUEEZE IS ON, page-672

they will have to raise capital for when they are ready to go into production,

but that’s the point, they are not ready yet

a couple of ducks still to be lined up;-

— mining licence approval for Tumas
- resource bank funding approval
- contract floor price at a level acceptable to JB, and in that regard I think he wants $tripple digits (Tumas will be a company maker)

DYL has $27M in the bank at end Sept 23, and average quarterly spend is $9M (so they don’t need to raise)
https://hotcopper.com.au/threads/the-squeeze-is-on.7311690/page-668?post_id=70980009

I can’t foresee any capital raising this year, and definitely not before we have both the 1) Tumas mining licence approval and 2) resource bank funding approval both in place

good luck to those trying to talk it down hoping to purchase DYL at a lower prices …….. with the backdrop of a surging uranium spot price, presently at 16 year highs and likely going higher



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