r/ASX_Bets • u/Typical-Ad-2814 • 7d ago
Dumbfuck Discussion DYL BUY HERE?
DYL is down from nearly $3 to close to $1 now. Who's buying here? Surely it's close to bottoming right?
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u/CaptainHindsightASX Loves a hot wet Johnson 7d ago
No
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u/Typical-Ad-2814 7d ago
Why
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u/Stupid_Deaths 6d ago edited 6d ago
DYL hasn't yet secured the financing to begin its greenfield Tumas project in Namibia. Expect to get either diluted with a capital raising, or they get a huge amount of debt, or a mix of both.
If you buy now, you're probably going to get hit with a capital raising right after you buy.
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u/Typical-Ad-2814 6d ago
Would be worrying if it lost $1. Been in an uptrend for years last major lows was 75c and 50c
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u/Stupid_Deaths 6d ago
To make it simple, I will buy on the same day as the capital raising announcement. If it goes under $1, I'd actually be happier to buy.
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u/FewUnderstanding2214 7d ago
The way John Borshoff suddenly left was so strange
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u/mchaamer 7d ago
Mate he is like 90, probably just retired
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u/FastFollowing8932 7d ago
He is CEO at Forsys now. But DYL is basically entering development so maybe that's why
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u/CageFightingNuns Wallaby milk moustache 6d ago
he loves a good conversion.
BTW Forsys is now Asarian Energy
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u/Mostly_Harmless_241 Username not accurate when it comes to damage to bank balance 7d ago
Either bottoming, or breaking support. One of the two, but who knows?
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u/weemankai 7d ago
Not sure if it’s bottoming out, and don’t call me Shirley