DYL & MIC

[Kauri]

1511/05

NAPPERBY DRILLING DATA DISCREPANCY
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[font=Arial,Arial]The Directors wish to advise that the resource calculations undertaken by Mineral Resource evaluation specialists, Hellman and Schofield on the assays from the recent drilling at Napperby are vastly different to those previously reported based on the information supplied by Paladin Resources Ltd, which in turn based its information on that gathered from 3 different drilling campaigns and a Pre-Feasibility Study carried out by Uranerz during its substantial evaluation of the project in the period 1977 to 1981.

The Directors, company employees, consultants and contractors that have been involved in Deep Yellow’s exploration programme aimed at verifying about 4,000t of the reported 6,000t of U[/font][font=Arial,Arial]3[/font][font=Arial,Arial]O[/font][font=Arial,Arial]8 [/font][font=Arial,Arial]resources to a JORC (1999, 2000) Code reporting status are at a loss at this stage to explain this quantum discrepancy.

The full evaluation of the geochemical analyses was only completed yesterday (14 November) and the directors have had insufficient time to evaluate sources of possible error. To resolve this issue all facets of Deep Yellow’s work are being audited.


[/font]

 

[tarnor]

Yikes hope no one was still in... that chart really should go into the insider trading thread.. classical example...

 

[RichKid]

1511/05
NAPPERBY DRILLING DATA DISCREPANCY
....
....
The full evaluation of the geochemical analyses was only completed yesterday (14 November)[/color] and the directors have had insufficient time to evaluate sources of possible error. To resolve this issue all facets of Deep Yellow’s work are being audited.

DYL:
Emm, haven't really been following the fundamentals of this. Chart suggests 10 or thereabouts may provide some support. Any idea what the valuation should be, broker reports?

We're all hostage to the next annct it appears. Wonder what they will
come up with. It is a speccy.

 

[Kauri]

DYL:
Emm, haven't really been following the fundamentals of this. Chart suggests 10 or thereabouts may provide some support. Any idea what the valuation should be, broker reports?

We're all hostage to the next annct it appears. Wonder what they will
come up with. It is a speccy.

They stil have $2.5 mill in the bank but have cancelled an spp that was raising $8 million as they have just aquired several new tenements and the SPP funds were to be for exploring these, as well as advancing Napperby. Napperby was to be their company maker so unless they can pull it out of the fire the road ahead may be a bit rocky. By the time they get it sorted out the punters may have taken a shine to another U hopefull elsewhere.

 

[bailej03]

Doesn't look good at all.

I always thought they were overpriced by the market relative to many of the peers, some with U resources. Looking at the announcement's it doesn't seem as though it was a con job and management where genuinely shocked. Would have been funny/shocking if this news came out after the SPP. So let's hope for anybody involved that it was a lab stuff up and you can all get out ok if you want. If this turns out to be the truth though, DYL is going to be hit hard, I'd expect at least 50% down... some good trading opportunities await if this is the case.

 

[Buda]

It looks like a publicity event drawing more atttention to the stock. PDN would not become a major share holder if thats the case... 3 drilling campaigns previuosly showed the potential of the project with more uranium plays in at the moment one would expect such tactics.

 

[Buda]

Plus there is huge amount of potential in arunta. We saw PDN rise from 0.01 to 2.70 so anything is posiible with gov backing.

When uranium prices reach all time highs DYL will be there to cash in... the buying frenzy for DYL hasnt even started. I applied for the spp and have a great belief in the company.