My broker informed me after chatting to Managing Director, Jeremy Read that DNL flew out six neutral analysts as well as advisers/representatives from Joint Venture Partner Falconbridge over to Botswana on Saturday to analyse and see for themselves the potentially huge 'massive sulphide nickel strike'. Apparently there is a backlog of drill samples (all resources) out of Perth at the moment, and getting the proven assayed data from the samples provided has delayed the potentially and extremely 'hot' news from getting to the market. As reported, DNL has had 5 hits out of 6 holes drilled thus far, and by all reports the core samples are said to show outstanding results, grams per tonne etc. though this obviously has to be confirmed via the lab. I suspect the company obviously tried to do the right thing by presenting an announcement on April 6th (without the confirmed, delayed,and much anticipated data re drill samples) as they had promised to do in the initial March 9th announcement on the discovery. I would suggest that when these results are completed and tabled, there will be a few squeamish punters (who decided to sell out of negative market sentiment at the time) who will be swallowing their tongues at the missed opportunity to ride this one out. Any suggestion of a two year play is, in my humble opinion, grossly mis-informed as the smelter, workforce, and basic infra-structure to enable this enterprise to turn into an almost immediate cash-cow is already there, and/or available. I hold, and will continue to hold until the SP is double to triple its recent highs, and I don't expect that to be too much longer down the track, but thats my brokers, and hence my, view and uptake on DNL. wrxsti
As always, do your own research before buying or selling.
DNL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
