When one does due dilligence and concise research on DNL, one...

When one does due dilligence and concise research on DNL, one then, and only then can appreciate what a unique and exciting proposition DNL is! I am happy to share the resultant information with the forum in the hope that obviously misinformed people such as 'motors' can then produce educated and accurate assumptions/posts on this thread. Please find 'DNL Hot Gossip - Proof Positive' as follows:
*1) When DNL was officially listed, there were no free rides/shares just handed out to the board like most resource juniors who start up. All shares were paid for, in escrow, and in the marketplace, with 44% of the total shares being held by the top 20 shareholders. To this day, approx. 44% of the issued capital is still retained by the top 20 shareholders, the majority of which have been on board since inception.
*There were however 5,000,000 options allocated (but not given free) to four out of five directors (Major stakeholder Falconbridge board appointee exempt) and the Company Secretary. If the Directors/Company Secretary wanted shares, they had to pay for them like any other investor - no fear, no favour. Board Chairman Tom Eadie started out with 125,000 and Managing Director Jeremy Read started
with 50,000.
*This was a 'warts and all, grassroots operation' that had to earn its stripes and pay its way, without the usual 'rich or soon to be' passengers along for the ride. Since then, Tom Eadie has since increased his holding by another 100,000 (Oct./04) and Jeremy Read increased his holding by 10,000 in recent days (both personally paid for by on-market trades). No other Directors hold except for the mentioned and allocated options.
*Our friend 'motors' saw fit recently on Hotcopper to criticise:

a) MD -Jeremy Read for buying only 10,000 additional DNL shares on the recent lows and

b) the company itself by saying that they would probably need additional money soon, and that (even though he/ 'motors' was holding) prospective investors looking at DNL should wait as the share price would inevitably slide under .20c (issue) levels as a result.

*Now, here's the thing! As dezneva tried to point out after speaking to MD Jeremy Read personally, Jeremy had actually bid for approx. 100,000 @ .21c, (only got 10,000), then raised his bid to .22c (got none), and then the market closed. Next day it (SP) spiked immediately on opening, and remained up .05c for the day. I understand Mr Read was busy doing a 'DNL Roadshow' in Adelaide all of that day, and can gather that he was obviously very busy looking after us serious and potential shareholders, rather than looking out to line his own pockets. I would suggest the man is only human like the rest (most) of us, and wanted to see where it (SP)went from there.
ASX rules state immediate market notification mandatory for Company Directors buying shares in 'their' company so 10,000 (DNL) market trade notification duly tabled and the rest is history.

*And this is the exciting bit. In terms of the exercise of the Directors (5 million) options mentioned previously, the (DNL) Directors/Company Secretary can exercise them at at any time up until the end of January, 2006.
To exercise the options, the Directors/Company Secretary have to pay DNL at .20c per share. They are not free options, and if all 5 million options are exercised, it will raise $1,000,000 (one million) for the company. Conversely, if any options are not exercised before the end of January, they will lapse.
**If that isn't the single biggest incentive to get the market to fully understand and value the fact that DNL have found a 14 km. long sulphide system in Botswana, then I'll go 'hee'. It's going to take some smart work and drilling to find the 'sweet spots' along this trend, but they already know of one 'sweet spot', which is the Dikoloti prospect where the massive sulphides are up to 16m. (that's sixteen metres!) thick. DNL has already commenced an aeromagnetic survey of the area which will allow DNL to target drilling area's with far greater probability of containing 'thicker' sections of mineralisation. The assays will be rolling out from the phase one drilling any time soon, and then they'll be getting straight into the second phase by drilling the 'new' target area's via the aeromagnetic's data.
*The DNL directors will be, and are obviously moving heaven and earth, to get the necessary 'earth shattering' results required, and to get the share price up big-time in order to make their options
worth something tangible well before the January 31st, 2006 deadline/exercise date.
*I am of the understanding also that there will be a comprehensive article on DNL published in the next edition of Australian Mining Monthly, so it would certainly be adviseable to get 'in' before the whole world knows about it.'Things' like this don't come along very often! Also, new 'broker research' into DNL should become available within the next couple of months.

I trust after reading all this that 'motors' will now be in a better position to see 'the wood for the tree's' and manage a smile or two, or maybe even three..........!
Good Luck to all DNL Holders and Happy Trading!

As always, your welcome to do your own research in future (because I'm tired....phew!), before buying or selling etc.

wrxsti
' To conquer without risk is to triumph without glory'