methinx the reason for the slump has been the fact that speculative positions have been unwound from DYL (and ARU?) and into (most likely) BLR. the fact that BLR is now dropping means that money will look for a new home. the story of the moment is Uranium, and my reading is that the market should find support at about 40.5c, probably by the end of this week - at which point DYL looks really attractive again.
further, the possibility of the next announcement being "good" is probably higher than it being "bad". with these prices, i feel the upside potential of a "good" announcement is higher than the downside potential of a "bad" announcement.
unless there is another chernobyl, with the tenements it has, the management with proven capabilities and the fact that its in an unequivocally U-friendly country with a weak currency - this baby is going to the moon (one day).
PS: my thoughts only. try not to follow me down the tubes should Murphy's Law come into play.
danger, page-8
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Last
$1.05 |
Change
-0.250(19.2%) |
Mkt cap ! $1.017B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.05 | $18.35M | 16.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 238158 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 8467 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| DYL (ASX) Chart |