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- 5 March 2009
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Hi,
DYL is moving with a good pace. SP is 22% high. Investor presentation was positive. I am thinking to grab a punt. As buyers' que is much more longer than sellers.
had this one as a buy and on watchlist and after RHM's ave qrtly sold out and threw in a bid @ .215c and got in just before the trade halt re the resource upgrade.... looks like the action should be good upon the resumption of trade....must be one hell of an upgrade to go into trading halt or a good way to avoid a speeding ticketwill be looking at DYL like a hawk over the next couple of days.......
Presentation by Mr Patrick Mutz, MD of Deep Yellow Limited (formerly MD of Uranium Exploration Australia Limited UXA): http://www.deepyellow.com.au/uploads/files/10_36_Video_Presentation_Africa_DownUnder_Conference.pdf
It was in fact China West that moved to buy more stock in UXA, moving up to 5.86%, not DYL. A move by them seems less likely now as they would need to make an all out bid in the present situation; unlikely, but a move would need to be fairly quick if made.
I am liking this stock very much, some high grade results today and the are back to 0.29c, I think a 0.40-0.45 short term target is realistic and the 20% holding by paladin always adds that possibility of a takeover
Deep Yellow Limited (ASXYL) Receives Positive Interim Pre-Feasibility Results For Omahola Project In Namibia
http://www.tradingmarkets.com/news/...ity-results-for-omahola-project--1411104.html
"SNCL has estimated operating costs should range from US$24.90 to US$25.30 per pound U3O8 including the cost of iron recovery. "
All looks well for this first mine which is expected to be one of many. Early days still for Deep Yellow but at least Namibia likes to see mines developed quickly.
The uranium price moved up to US$68 per lb from US$66.50. Every move raises profits at DYL's new mine in Namibia. Plans are for the first mine to produce 1,000 tonnes per annum of uranium at a cost of about US$25 per lb.
Weekly spot price as of today is up to $70. http://www.uxc.com/review/uxc_Prices.aspx
MD Patrick Mutz has resigned (12th January) http://www.deepyellow.com.au/download-354.html
Time goes on and everything goes well for Deep Yellow on upgrades recently. Working out the eventual profitability on mines that only produce for 8 years or so is difficult, especially as it points to a chain of mines and uncertainty.
It's waiting Game. Spot price is up to $75 which is good news. Many analysts are predicting it will break $100 in 2011 which is good but another bubble isn't good. New discoveries add to the life of the mine or the profitability or both.
Greg Cochran, the new MD, recently pointed out an important piece of information. They have results for 400 holes but there are another 400 still to come. Each positive result adds to the mines viability.
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