Ditto to the short selling. But there must be a reason for the short sellers to pick DYL as a target. Do you think the cash position is the possible reason? When taking over VMY, the combined cash position was over $100m and it quickly down to under half now. DYL may need to do CR in coming quarters, depends on how they managed the spending. DYL really needs higher SP to counter dilution for SHs. I am also a bit skeptical about the economy of Tumas resources, the grades just look like tailing. That's why I hope DYL to focus on VMY Mulga Rock project.
Ann: Appendix 5B March 2023 Quarterly Cashflow, page-59
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Last
$1.15 |
Change
-0.030(2.55%) |
Mkt cap ! $1.110B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.14 | $5.092M | 4.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11182 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 1286 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |