DYL Deep Yellow

[STRAT]

Making a bit of a come back today. Up 4.3% on a turnover of nearly 3 million shares

[shasta]

Not unhappy on being out despite the small increase in SP today.

DYL is years away from mining so plenty of time to re-enter when DYL treats its owners with a bit more respect.

Good luck to those still holding, you will be rewarded

[JoeKing]

Don't worry Y'all, DYL 1-12 WILL be fully taken up....
Question is, IF!!! current rumours of PDN T.O. are true, where does that leave DYL.?? Remember PDN already own prox 12% DYL. Cameco could snuk in the back door and start sucking up DYL shares very cheaply using PDN as the old red herring then WHAMMO! move in on DYL THEN PDN whilst diversion is in full swing.
Gillian did not convert $3mil oppies just for fun.
I would suspect someone will now know how DYL prospecting in Namibia is actually proceeding.

SERPIE. You are ontoit
Shasta. "DYL is years away from mining..." Using PDN LH facility which is alot less than "50"
Km's away, PDN could be producing quicker than you think.
And let's not forget the good DR.P. is also a SSH of WMT. Results of WMT prospecting due within next month.
Interesting times ahead.
Cheers all
JK
PS welcome to the forum Phar King, hell, another distant cuzzy?? hehe. Actually saw a number plate a few months ago in Rotorua.. "FRKNL" TRUE!.. nearly pssd mself laffing!

[Paddie]

quote:Originally posted by JoeKing

Don't worry Y'all, DYL 1-12 WILL be fully taken up....
Question is, IF!!! current rumours of PDN T.O. are true, where does that leave DYL.?? Remember PDN already own prox 12% DYL. Cameco could snuk in the back door and start sucking up DYL shares very cheaply using PDN as the old red herring then WHAMMO! move in on DYL THEN PDN whilst diversion is in full swing.
Gillian did not convert $3mil oppies just for fun.
I would suspect someone will now know how DYL prospecting in Namibia is actually proceeding.

SERPIE. You are ontoit
Shasta. "DYL is years away from mining..." Using PDN LH facility which is alot less than "50"
Km's away, PDN could be producing quicker than you think.
And let's not forget the good DR.P. is also a SSH of WMT. Results of WMT prospecting due within next month.
Interesting times ahead.
Cheers all
JK
PS welcome to the forum Phar King, hell, another distant cuzzy?? hehe. Actually saw a number plate a few months ago in Rotorua.. "FRKNL" TRUE!.. nearly pssd mself laffing!







Hi Joe,

I have sold out as well on the nothing announcement that was made.

To me it smacked of desperation.

Time will tell, and I feel better for selling.

Made very little on the transaction.

Paddie

Good luck

[shasta]

I was exactly the same Paddie, i had the faith & then DYL threw together that claptrap when the market was expecting a fully informed Namibian resource upgrade.

After that last & nothing ann i would find it hard to believe DYL could ever keep to deadlines & be upfront.

That is why i bailed out completely with just an 11% gain on my remaining holding, though did lock in a 40% gain on the first half...

JK - I believe a T/O of DYL is further away than it might have been a while back, & PDN may just want a JV now.

Time will tell & i'm sure DYL will still be around & still cheap come xmas time

[Serpie]

I disagree that he release regarding Aussinanis was a "nothing announcement".

Have a look at Page 25 of the "re-release" of the presentation to the Melbourne Brokers. You can't - because it's not there. But it is in the original presentation.

It details the tonnage that DYL expects to recover from it's 3 original Namibian prospects. The ASX told them to remove it because of recent changes to the JORC code that came into effect in May 2007.

In that report DYL outline an estimated 18,000 tonnes of U308 contained within those 3 areas.

We didn't get to see the subsequent announcement that was released to the ASX on the 5th July, following the trading halt, because the ASX intercepted it, again due to the changes to the JORC code, but we can look at the "watered down" announcement that was released later that day, and have a pretty good guess.

I didn't post the details on ST before, as there are those on this site that (rightly or wrongly) do not care for the guestimates of non-geologists, but my emails to other traders did find their way on to other sites.

Even using the lower of the ranges provided by DYL Aussinanis represented a doubling of the estimated resource in DYL's Namibian holdings. The market didn't understand, panicked, and many lost confidence in DYL as a result.

To highlight the stupidity - posters on other sites were deeply suspicious of the last sentence of the report, which stated that "in the meantime it should be noted that it is uncertain if further exploration will result in the determination of a JORC compliant mineral resource".

That doesn't sound good! What could that mean?

Perhaps if they'd read Clause 18 of the JORC code, which states:

18. It is recognised that it is common practice for a company to comment on and discuss its exploration in terms of target size and type. Any such information relating to exploration targets must be expressed so that it cannot be misrepresented or misconstrued as an estimate of Mineral Resources or Ore Reserves. The terms Resource(s) or Reserve(s) must not be used in this context. Any statement referring to potential quantity and grade of the target must be expressed as ranges and must include (1) a detailed explanation of the basis for the statement, and (2) a proximate statement that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resource.

then maybe they wouldn't have started wheeling out the conspiracy theories.

As for the drill results:
They started on 12th (or 16th) of April. As of 22nd May they had drilled 44 out of 332 holes. That means drilling should be finished by about Christmas.

Sure, they might start sending the results to the lab before then, but it's still going to be a while before they know anything, especially as their initial drilling is focusing on the area "upstream" of the proven resource in order to determine the extent of the deposit.
The were trying to secure additional drilling rigs to speed up the process, but it's still going to take a while.

Now that I've got that off of my chest, it must be time for a nightcap.

[shasta]

Serpie

I hear you & can disclose the original document referred to 20 - 25mt although less than a quarter of the area had been drilled.

Just didnt look good when the 18mt already there (& i assure you it HASN'T moved!), wasn't upgraded & announced on time.

On BRR DR Pretorius states they had another drill brought in to "specifically" drill out MORE resource.

DYL shareholders deserved far better than that rushed ann due to market pressure & i would have been much happier if they came straight out & said, we need more time.

Honesty costs nothing, yet changes everything when it's gone & like Michael Kiernan, the good Dr Pretorius is fast losing his golden aura...

[Serpie]

I can't dismiss your comments Shasta, because they relate to your perception, and obviously the perception of many others regarding the course of recent events - and in business it's perception that matters, regardless of the facts.

On BRR Dr Pretorius said that they were trying to source another 1 or 2 drill rigs to speed up the process - not that they'd secured additional rigs.

You infer that DYL have lost your trust because of a perceived lack of honesty. Again, your perception is valid and important, but where's the dishonesty here?

[Serpie]

You're listening to the BRR interview again aren't you Shasta!

[shasta]

If DYL were "Honest" & were to announce the drill results BY the end of June, & i'll forgive them a week or two slippage...

But to then announce only 1/4 of it had been drilled?

Does that not smell a bit to you, oh & BTW we want you mugs to stump up with 50c per share for a 1:12 rights issue...

What was the price doing prior to this, tanking?

Reeks of desparation im afraid & i smelt a rat.

Serpie, you & I see eye to eye on most things, & i was bullish on DYL until this happened, am i seeing too much in this, maybe but i don't invest in companies that treat shareholders this way.

[shasta]

quote:Originally posted by Serpie

You're listening to the BRR interview again aren't you Shasta!


No [8)]

[Serpie]

Fair enough Shasta,

We agree on one thing - if you don't like the management, and don't trust the management, then you can get little pleasure from holding the stock.

Always fun stepping into the ring with you. No doubt we'll go another round on Saturday over a beer or two.

Forget the Canterbury jersey - I'll try to find something in a shade of deep yellow.

Good evening to you Sir.

[shasta]

Don't make me wear me Hurricanes top & Chelsea shirt underneath...

Your right if you dont like the management don't sit & b**** about it, sell & move on!

I've got enough U308 exposure thru URA & GDM

[JoeKing]

I disagree that he release regarding Aussinanis was a "nothing announcement"........

Serpie a great post. Good to see someone actually does some homework before spouting off.. well done!
As said earlier, PDN will pick up any shortfall from 1-12 issue, PDN and DYL will one day be the same. 50c now is a lot cheaper than $5 in 12 months...
Cheers all.
JK
BTW any one watching MLS?

[Serpie]

Thanks JK,

With the SPP closing this week we will soon know of PDN's intentions, but with the resource accumulation and operations in Namibia I believe that DYL is very much on the right track.

Funny you should mention MLS, because when I wrote (above) about taking little pleasure in holding stock if you dont like the management, in my case this means MLS.

I've said my bit on the MLS thread, so won't bore DYL followers here.

DYL, IMO, is the complete opposite to MLS in terms of professionalism.

[kronos]

You may be right about the management of MLS, they do seem to be invisible and not very pro-active but the zinc in Manindi alone should push the share price into the late teens once the JORC is released. And then of course the very exciting U 308 prospects in Namimbia.
The sp has climbd to 9.7 on anticipation of an imminent release on Drilling in Manindi and Namibia. If it is a `dual` release then this could be the moment when the great wall of MLS is finally breached.

[Serpie]

Agreed Kronos
MLS have enormous projects in their portfolio, and the traders love it. Money to be made without a doubt.

[shasta]

quote:Originally posted by JoeKing

I disagree that he release regarding Aussinanis was a "nothing announcement"........

Serpie a great post. Good to see someone actually does some homework before spouting off.. well done!
As said earlier, PDN will pick up any shortfall from 1-12 issue, PDN and DYL will one day be the same. 50c now is a lot cheaper than $5 in 12 months...
Cheers all.
JK
BTW any one watching MLS?


You say $5 in 12 months & accuse me of spouting off?

Get a grip...

PDN have not come out & said they would underwrite the shortfall, so its pure speculation, i suggest you go do some research on DYL & quit ramping it.

[Serpie]

With Deep Yellow getting spanked on Friday, and the prospect of another gloomy day on Monday, I'll be rummaging down the back of the sofa, and in the kids piggybanks, to find some cash to buy more.

Following the recent cap raising they now have sufficient funds for 3-4 years of agressive exploration and project development.

The lastest Namibian drill results suggest a 50% increase over the historic results, and the recent addition of Aussinanis further boosts their inventory in this part of the world.

There has been much talk on this board lately about the quality of the management, and they've had a few knockers.

Those who subscribe to the AFR SmartInvestor magazine will note that in this months feature article "Profit without Pain" in which a team including Aspect Huntley and Standard & Poors compiled their ideal portfolio, DYL was the No 1 suggestion for a small cap stock.

Interestingly one of the key considerations was the company's Sharpe Ratio. DYL's Sharpe Ratio was 1509. The next closest was 498. PDN, which was also listed, was 98.

The ASX define the Sharpe Ratio as:
Sharpe Ratio
Developed by William Sharpe, a measure used to determine the return received per unit of risk. The higher the ratio, the less risk the investment strategy has generated. The ratio provides an indication of whether the returns were generated from manager skill or risk taking.

There have been ups and downs in the DYL SP over the past year, and many have lost patience, but IMHO opinion this is a quality company with an excellent strategy. They continue to do everything right.

[Oiler]

Ser Pee [:o)] Amigo,

Monday is going to be a very interesting market day indeed.

Since it is pouring with rain today I am also looking under the bed for all the spare cash to top up with more DYL tomorrow along with an oiler or two.

Come Tuesday the opportunity may well be gone.

[steve fleming]

quote:Originally posted by Serpie


Those who subscribe to the AFR SmartInvestor magazine will note that in this months feature article "Profit without Pain" in which a team including Aspect Huntley and Standard & Poors compiled their ideal portfolio, DYL was the No 1 suggestion for a small cap stock.

Interestingly one of the key considerations was the company's Sharpe Ratio. DYL's Sharpe Ratio was 1509. The next closest was 498. PDN, which was also listed, was 98.

The ASX define the Sharpe Ratio as:
Sharpe Ratio
Developed by William Sharpe, a measure used to determine the return received per unit of risk. The higher the ratio, the less risk the investment strategy has generated. The ratio provides an indication of whether the returns were generated from manager skill or risk taking.



That was an interesting story Serpie.

However it is purely a historical measure - almost comletely driven by DYL's fantastic 300%+ p/a 3 yrly return.

As the Huntley analyst said, in the event of a big resource down turn, it is likely that the resource stocks that currently dominate the AFR listings would fall off the list.

[Serpie]

Fair enough SF,

If there is a downturn in sentiment towards the resources sector, then I'm sure any pick list would look very different indeed.

I suppose that all of these explorers are racing the clock. If resource stocks do go out of favour, then those that have no immediate production prospects will be disgarded.

I was anticipating an announcement this week regarding whether the shortfall of 35M shares was going to be placed. I think that the market slump has probably extinguished the probability of an immediate placement.


Oiler,
Used the loose change in the car ashtray to top on NWE on Friday. Looks like I may have been too hasty.

[Serpie]

Announcement out this morning that PDN have taken up the shortfall from the recent SPP.

DYL now have $70M in the bank, and Dr Leon has moved to Managing Director to stir things along.

I think nearly everyone's sold out, so might just be you and I reading this Brut!

[Caesius]

... I haven't ... *wimper*

[Brut]

Ser P.

Yes, I'm still holding & trying to top up at these oversold prices this morning, will be back over 50c very soon!

Goodluck to all holders!

[Serpie]

We've lost a few along the way - just us hard core holders still here.

The question is - what's our price?

For me, this is bottom drawer stuff, but unlike most bottom drawer stuff we should see regular gains along the way (barring a market collapse).

All cashed up for 4 years agressive exploration, and PDN's increase in holding (another 31M shares + their original SPP uptake) has pretty much guaranteed collaboration with regard to Namibian production (why wouldn't they?).

[Gofor Broke]

I disagree that he release regarding Aussinanis was a "nothing announcement"........

Serpie a great post. Good to see someone actually does some homework before spouting off.. well done!
As said earlier, PDN will pick up any shortfall from 1-12 issue, PDN and DYL will one day be the same. 50c now is a lot cheaper than $5 in 12 months...
Cheers all.
JK
BTW any one watching MLS?

Good call Joe. Well, pretty obvious really. My larder is now full, thanks all you doubters.
Been stocking up on MLS too should be good zinc upgrade ann soon

[shasta]

Whats the DYL shareprice at present?

[cantab]

I've still got mine. I originally purchased because of PDN so it's reassuring to see PDN take up the shortfall. We certainly wont get bored holding this stock.

[Caesius]

Ouch. Seems like small Aussi compainies are taking a hammering. A 40% drop on no news is pretty extreme.

[Caesius]

Highly encouraging drillhole chemical assays from Namibia
http://www.deepyellow.com.au/news/asx/070831_assays.pdf


Highly encouraging to who? I'm not pretending to be able to make too much sense out of these reports but it does indeed, look encouraging.

[SCHUMACHER]

GILLIAN SWABY IS PI***D...LOL

Involuntary sale of 2,100,000 ordinary
shares between 11 April and 14 April
2008 pursuant to the purported exercise
of rights by a stock counterparty of Lift
Capital [Pty Ltd], as notified to the
director on 16 April 2008. No
consideration has been received by the
Director at this time. The Director is
pursuing actions against that stock
counterparty to recover the ordinary
shares disposed without the Director's
consent or authority.
Note - another parcel of 12.9m ordinary
shares claimed by the Director are
presently held by the Administrators of
Lift Capital, pending a decision (probably
by the Court) whether the Director
continues to beneficially own some or all
of those shares.

[SCHUMACHER]

Friday and Monday (today) saw some money flow back into DYL .....as it appears something is in the pipeline......now we do know that more results are on their way re: namibia drilling so im expecting there is something exciting around the corner....with 25c being a "major resistence" for DYL ...if it breaks this then next level or target will be 30.5c to 31c this level is also a major resistence.....tomorrow may be interesting.....cheers Schu

[SCHUMACHER]

Also forgot to mention ....DYL hit an intraday high of 25.5c today one point to mention is that someone bought 600,000 shares at 25c = $150k purchase...reasonable IMO

Closed at 24c
Range (2c) 23.5c open to 25.5c

cheers Schu

[Paddie]

Also forgot to mention ....DYL hit an intraday high of 25.5c today one point to mention is that someone bought 600,000 shares at 25c = $150k purchase...reasonable IMO

Closed at 24c
Range (2c) 23.5c open to 25.5c

cheers Schu


Sold DYL in July last year at around 50c, a good decision in hindsight as the share price has not got close since. Also off loaded WMT, and only hold AGS as a "U' stock.

Paddie

[SCHUMACHER]

Well you never know Paddie.....it might get back to 50c very soon....from what im hearing they have some more positive drilling from Namibia to be released in a few weeks.....i understand they have 6-7 rigs operating at Tubas AS they drill out the historicaL RESOURCE Towards the west extension they recently announced......DYL will IMO come back quickly ....lookign forward to the next 6 months of results from DYl as they claim to have a JORC resource by december 2008....now thats only 6-7 months away....interesting times going forward .....good luck to the die hard DYL campaigners.....cheers Schu

[Joe King]

Hi Schu.
Us ole diehards are getting scarce.
Still reckon DYL 80c-$1 Nov 2008 $3+ Nov 2009
All good
Cheers
JK

[SCHUMACHER]

JK........How are you !!
You know what cracks me up about DYL...they have secured the most tenements in Aussie with possibly the BEST uranium minralisation potential which means in broader terms..........
When the Aussie government go 100% pro nucleur...which IMO will happen ,whether it be 2-3 years away DYL will have drilled their properties to death and have a nice fat resource from all their tenements which will collectively amount to the wealthiest/ biggest holding of Uranium deposits in the world with 100% ownership as Australia has something like 40% of the so called "global U reserves" in the world.

Then there is Namibia......love it!!

Im just glad that the U sector has cooled off enough to allow me to re enter at 21c.......i first bought DYL at 16c as you know and sold somewhere in the 50c range so to be back in now with DYL in the current position they are in , is extreemly good value IMO

They have 6 drill rigs at TUMAS(nAMIBIA) and are going "hell for leather" they have 62 million in the bank/associated with PDN who are the major shareholders in DYL/DYL Targeting 100million lb/u308 just in Namibia alone...DYL are expected to have that all important "JORC" indicated by end of this year 2008....and not to mention they have a dual listing on the ASX300 and NXS (Namibia stock exchange)

cheers SCHU

[SCHUMACHER]

Namibian Projects and Activities

52 full-time employees of which only 2 non-Namibian (~50 contractors)
• Own three properties in Swakopmund – fully operational laboratory
• ~3,000 km2 held in four EPLs
• Active exploration includes 5 RC drilling rigs and one diamond rig
• Budgeted expenditure of N$80 (A$12) million for 2008
• JORC Inferred Mineral Resource totalling 77.3 million tonne at 0.023%
(228 ppm) U3O8 at a cut-off grade of 100 ppm U3O8 for 17,600 tonne or
38.8 million pounds of contained U3O8
• Stated JORC Code resource objective 45,000 to 55,000 t or 100 to 120
million pounds U3O8 by end 2008

Namibia – Present and Future
• Airborne Magnetic and Radiometric survey completed
• Airborne Electromagnetic survey completed – Palaeochannels?
• ~40,000 m RC programme underway at Falconbridge’s Tumas and
S-Bend projects
• ~60,000 m RC programme on Elf-Aquitaine’s Aussinanis project
• Follow-up of reconnaissance RC and Diamond drilling on uranium
bearing alaskite – outcropping and interpreted (sand covered)
• Follow-up of reconnaissance RC and Diamond drilling on uranium
bearing magnetite / iron oxide – outcropping and interpreted (sand
covered)
(U2/Th)
Outlined are the previously
explored areas indicating
that the majority of the
anomalies remain to be
explored

[SCHUMACHER]

DYL hit 27c today ..currently 26.5c ..some big buying in the first few minutes ....as i stated previously DYL resistence 25c so we are thru that...so it should run to 31c ....as next target...excellent!!
cheers SCHU

[gisborne_gold]

Up more than 20% today, reached 32c briefly.

[SCHUMACHER]

gGisbourne gold
Yes very happy that it has soared up to 32c today. LOOKS VERY BULLISH , HAD TO HAPPEN SOONER RATHER THAN LATER.....!! Well done to the faithful...lol

Speeding ticket issued today ....should cool off now for a few days and i would expect an announcement later in the week...isnt that how it works...of course it is....lol
cheers Schu

[gisborne_gold]

I also am expecting a retrace after yesterday's jump, but it doesn't seem to be happening yet, with the price holding around 30-31c.

I agree there are strong bullish indicators here. The volume traded during the rises of the last week have been above average, and there was almost 10x the average volume traded yesterday which tends to reinforce the price increase. Good signs there will be more on the way.

[SCHUMACHER]

Good to see PDN excercised their 12,500,000 options yesterday, and they have now increased their holdings to 15.3% of DYL .....i know they were convertable at 8.1c but one thing you can say for PDN is that they have never sold ....why? very obvious I would have thought.....
All further options range between 21c and 60c+ so the heads are a good price right now......

On the progress front Dr Pretorious has stated that they will be finishing next stage of Tubas in a week from now and will have a NEW JORC resource out by end of August....so not long to wait....things looking good for DYL...

cheers Schu

[Rif-Raf]

See PDN has bought another 4% and now 19.3%
Chances of takeover?

[soulman]

See PDN has bought another 4% and now 19.3%
Chances of takeover?

It looks like PDN increasing their stakes to 19.99%? Just a speculation for now but at 4.5 million shares traded, a likely scenerio. Although no big parcel were traded.

[SCHUMACHER]

You may be right about PDN buying....DYL has broken out today and closed at 18c from an ascending bullish triangle.....some big offscreen buyers.......Cheers Schu....

[soulman]

You may be right about PDN buying....DYL has broken out today and closed at 18c from an ascending bullish triangle.....some big offscreen buyers.......Cheers Schu....

PDN has 19.3%. So, if they did buy, they can't go over 19.99% before launching a T/O.

No notice has been posted and PDN is involving in a T/O of a smaller coy ATM.

I notice PDN shares is also having a good run.

[Caesius]

Up 80% today, just a mild gain...

http://deepyellow.com.au/news/asx/090423_inca.pdf

[shasta]

Up 80% today, just a mild gain...

http://deepyellow.com.au/news/asx/090423_inca.pdf

Caesius

I was once bullish about DYL (during the U308 hype, then again who wasn't!), but some suspect & dodgey JORC reporting, totally put me off & i sold out straight away...

Not even the good Dr Leon Pretorius himself could entice me back into this stock.

PDN will put the rug out from under DYL, either before the U308 spot price increases due to short supply, or earlier if Australia changes its Uranium mining stance.

[SCHUMACHER]

well chaps I earnt myself a modest gain....lol
certainly had to excercise alot of patience but paid off...a fast return IMO......all U stocks are a risky play but the more reputable ones like DYL and PDN will hang in there
cheers Schu

[STRAT]

well chaps I earnt myself a modest gain....lol
certainly had to excercise alot of patience but paid off...a fast return IMO......all U stocks are a risky play but the more reputable ones like DYL and PDN will hang in there
cheers SchuThought you had retired to the Bahamas or something Schumacher :D

[SCHUMACHER]

Thought you had retired to the Bahamas or something Schumacher :D

LOL Not quite....Ive been in europe for several months, conditions certainly deteriorated over there ....good to be back .....hope your all doing well....cheers Schu