DYL 0.70% $1.44 deep yellow limited

whats the hell is wrong, page-13

  1. 62 Posts.
    Petwan on the one hand you note the achievements of the company and on the other hand you want to get rid of management and the board because the SP is weak. As the chairman said in the recent annual report, the focus of the board and mgt is to "control the controllables" and sadly the SP is not one of them. IMHO SP is weak because U sector is still out of fashion and suffering from a post Fukushima hangover which continues to be reflected in soft spot price. There is a serious supply shortfall looming and I believe we can expect a sharp spike in the U spot price similar to 2007. The fact that mainstream industrial commodity prices are soft (Fe, Copper, Zn etc) may also give U a tailwind as commodity investors seek value elsewhere. DYL is ideally placed to ride the wave with a decent advanced stage project in Ongolo and the red sands. DYL has put out a lot of announcements reflecting excellent drill results over the past couple of years but when the sector is out of fashion the SP does nothing. Assuming 50m+ lbs at the next JORC update the company will have a solid project with high grade, shallow ore (similar grades and metallurgy to Rossing and Husab) in a mining friendly jurisdiction which facilitates rapid permitting (Would Husab already be up and running in Aus or Canada?). In addition the infrastructure in Namibia is supportive with Walvis Bay and Swakopmund close by, good roads and water and electricity close. Lastly DYL has blue sky potential and continues to discover new deposits. When the U sector gets back in to fashion and the spot price firms DYL will be in a very sweet spot. In the meantime investors need patience but hopefully not for much longer.
 
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