I think the weakness yesterday was mostly in the announcement based on the percentage down move and the fact the other Uranium stocks were only modestly weaker. I noticed that my AEE's were actually up.
That said, I think this is one of the first strategic moves by JB in terms of future direction. I see them setting this up to take full advantage of price action in the U space. Whether this includes a North American listing only time will tell; however, it wouldn't be surprising.
Sprott have their roots deep over there, so they will be pushing this story with the locals as a way of taking advantage of a rising U price (when it eventually happens).
Technically speaking DYL is on the nose; however, if you believe in the macro fundamentals of U and you want to somehow be involved in that then DYL may be a place to start (IMO). There seems to be allot of goods things happening at DYL and although I dreamed of my share consolidation happen via market forces, this shouldn't throw a spanner in the works. That said, the current down market may present a buying opportunity for those wanting to get on board.
Time will tell folks!
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Last
$1.44 |
Change
0.010(0.70%) |
Mkt cap ! $1.396B |
Open | High | Low | Value | Volume |
$1.41 | $1.45 | $1.40 | $6.668M | 4.658M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4758 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.44 | 2147 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15000 | 1.405 |
1 | 3600 | 1.400 |
2 | 3500 | 1.380 |
1 | 200 | 1.365 |
1 | 1000 | 1.360 |
Price($) | Vol. | No. |
---|---|---|
1.440 | 2147 | 1 |
1.450 | 88458 | 9 |
1.455 | 10000 | 1 |
1.460 | 10000 | 1 |
1.465 | 9900 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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DYL (ASX) Chart |