DYL Deep Yellow

[SCHUMACHER]

Have had this one on the radar for 6 months and after doing extensive research I bought in at 16c a few weeks ago when it started to move

Also DYL have proceeded with a Merger of uranium interests in Namibia with an inferred resource of approx 18,000 tonnes of U308

Announcement today "form 603" PDN (Paladin) have taken a 7.75% stake in DYL

I was waiting for the day PDN came on board as a major shareholder.
the day has arrived.
Leon Pretorius has worked closely with PDN and is still on the board of PDN
Anyway todays announcement has pushed the shareprice up 10% so far today with good volume.
bigger things to come with the recent merger announcment.
Cheers

[SCHUMACHER]

Website: www.deepyellow.com.au
13 October 2006
MERGER TO SECURE PROSPECTIVE
URANIUM INTERESTS IN NAMIBIA
The Directors of Deep Yellow Limited (“DYL”) are pleased to announce that DYL has entered into
an agreement with Raptor Partners Limited (“RPL”), a British Virgin Islands (“BVI”) registered
company, and its shareholders, to effectively merge the uranium interests of the parties.
The merger will be achieved by DYL acquiring ultimate control of Reptile Investments Four (Pty)
Limited (“Reptile”), by the issue of DYL shares and payment of a small portion of the overall
consideration in cash. Reptile is a Namibian registered company that holds three contiguous
Exclusive Prospecting Licences (EPLs 3496, 3497 and 3499) and one EPL Application (EPL 3498)
to the west and southwest of Paladin Resources Limited’s Langer Heinrich uranium mine (see
Figure 1) (“Reptile Tenements”). All three EPLs were granted on 6 June 2006 for three years and
are valid for the Base and Rare Metals group and the Nuclear Fuel group of minerals, as defined
by the Namibian Minerals Act1992.
The merger will proceed by a two tranche acquisition process, under which DYL will pay cash of
A$2.58 million and issue up to 174 million DYL shares, valuing the acquisition at approximately
A$26 million. DYL will also raise additional funds via a 1:5 entitlement issue. Further details of the
terms and conditions of the agreement and the proposed entitlement issue are set out below.
As part of the merger, RPL will have the right (subject to the DYL constitution and applicable law)
to appoint a director to the DYL board.
The merger gives DYL access to approximately 2,622 km2 of ground that is highly prospective for
uranium mineralisation similar in style of formation to that of Langer Heinrich (latest published
JORC compliant contained U3O8 resources of 44,000 t). The area covered by the Reptile
Tenements was previously explored by major international companies such as Anglo American,
Falconbridge, General Mining and Aquitaine who outlined extensive zones containing uranium
mineralisation (see Figure 1).
Merger to Secure Prospective Uranium Interests in Namibia
Deep Yellow Limited Page No. 2
Previous Exploration
During the mid-1970s to early 1980s the companies referred to above undertook evaluation of
airborne radiometric anomalies with follow-up drilling leading to the discovery of carnotite
mineralisation (K2(UO2)2(VO4)23H2O) within near surface zones as depicted in Figure 1.
A total of approximately 37,500 m was drilled by the companies referred to above during a number
of campaigns. Some of the assay and radiometric data is available and some remains to be found.
Table 1 summarises open file company reports on then estimated contained uranium oxide (U3O8)
mineralisation.
All resources quoted in Table 1 and total metre drilled are based on data and reports obtained and
prepared by previous operators, as provided to the South African Nuclear Energy Corporation and
the Namibian Ministry of Mines and Energy. DYL will complete the work necessary to
independently verify the classification of the mineral resource estimates and is not treating the
mineral resource estimates as JORC defined resources verified by a qualified person. The
tenements will require considerable further exploration which DYL's management and consultants
intend to carry out in due course. In the meantime, the information provided should be treated with
the appropriate caution.
Table 1: Grade and Tonnage Estimates within Reptile Tenements
Deposit EPL Tonnage U3O8 in ppm Tonne U3O8
TUBAS 433 3496 26,000,000 222 5,772
ORYX 430 3496/7 18,000,000 300 5,320
ORYX EXT 708 3496 2,900,000 250 725
TUMAS 738 3497 13,000,000 244 3,172
NAMIB PARK II 644 3497 8,600,000 352 3,027
TOTAL 68,500,000 263 18,016
Style of Mineralisation
Uranium mineralisation occurs in the form of carnotite (K2(UO2)2(VO4)23H2O) in valley-fill sediments
similar to Paladin Resources Limited’s Langer Heinrich deposit to the east/northeast of the various
project areas.
Proposed Exp

[SCHUMACHER]

breakout....just hit 20c ....19c previous high has been shattered ....massive buying indeed....into the 20s ....excellent
blue skies ahead...un charted territory
cheers wATSON

[SCHUMACHER]

Holding up well .....yesterdays announcement that PDN have excercised their options early in the piece to provide some funding to DYL .This means that pdn now holds over 11% in DYL.....Unfolding nicely

[SCHUMACHER]

is no one watching this stock....closed at 25.5c yesterday on heavy volume and opened today at 27c bfore hitting an all time high of 29c ...currently come back to 26.c
Which is expected after such a good run.....
looks good for the long haul
cheers Watson

[bull....]

Good call schumacher 60 odd % return in a week is pretty good by my books.

[trader-jim]

Your not the only one watching this stock, but there is another thread,

"DYL good as gold" or something like that, last post to it was 25/10/06

:)

[bull....]

Good point Trader Jim Sch shouldnt make out like he was the only one to notice this[:p]

[SCHUMACHER]

on the move again....some solid buying in the mid 20,s and bounced off low of 23.5c
could be the commencement of the next leg up.....as always time will tell

[JoeKing]

SCHUMACHER
Thanks again for heads up.
So record date for 1:5 entitlement @ 12c has not yet been announced?
Cheers JK

[laurie]

hmmm this entitlement will further dilute the sp and they will after the entitlement have approx over 820m shares on the boards [:0]

cheers laurie

[SCHUMACHER]

Hi Laurie...your missing an important point here....sure there will be dilution but you have to look at the facts and reasons behind the dilution
1) The dilution is due to the merger to secure prospective uranium interests so they are getting an ASSET for the dilution which will provide additional value to the company...Dilution is ok if your potentially going to increase your EPS (earnings per share) further down the track.... im picking a 5%-10% reduction of the shareprice once the share entitlement has been issued. so that may mean at current price a 2-3c decrease which if it happens at all will be short lived.

2) If you research the projects that DYL are involved in in Australia and Namibia you will identify they have massive uranium prospects which through the managements vast knowledge and experience will become a viable o[peration ...the impressive thing as we already know is PDN are major shareholders and the management connection is very strong considering Dr Leon Pretorious is on PDN,s board....PDN know more about the prospects in Namibia as far as resource than we do ....aslo the infastructure is very good and more importantly there is no red tape beuracratic involvement and why PDN went offshore for uranium and look at them now...3c to over $5 in 3 years

2)From airbourne radiometric anomalies which had follow up drilling lead to the discovery of carnotite mineralisation near the surface
The merger provides grade and tonnage of 18,016/T U308
Further drilling may increase this resource . Actually im confident it will therefore im not one to be concerned with the dilution...all good IMHO
Then there is Napperby in Australia where they have just completed a 255 drill holes to which 600 samples which included 4 twin holes drilled to verify higher grade intersections were received by the lab on 15th september and would take approx 4 weeks to process.
Deep yellow also recently announced they have commenced drilling in relation to a joint venture covering an area over 5000sq km in the uranium rich area of Mt Isa-Cloncurry region in aussie...the prospects are fantastic and DYL have on crutial component ....they have a highly skilled world class uranium management team....

Cheers

[SCHUMACHER]

Hi Joe. the entitlement is yet to be announced. I assume you hold?
cheers Schu

[jacko]

Schu'

I accept your analysis - it seems persuasive enough.

PDN has 496 M shares on issue - market cap $2.8 billion.

DYL will have 820 M on issue - market cap will be approx $0.18 billion.

Realiastically DYL could become a $1.0 billion company within a year or two. That would translate to a $1 sp which is a 4 bagger on todays sp. Quite a respectable return in anyones language.

[JoeKing]

Hi schu
yes been quietly collecting a few at a time from 12c, nearly up to 6 figures sh, looks like another winner comming up.
Cheers
JK

[SCHUMACHER]

DYL has a rocket under it....now up to 27.5c and on 20 milion + volume ...cheers

[SCHUMACHER]

Well fellas ....dyl closed at an all time high of 28c.....massive accumulation and setting a new closing high....what more can you ask for on a friday......cheers

[bull....]

Good stuff Schmacher you must be rolling in the dough this week:D

[laurie]

quote:Originally posted by SCHUMACHER

Hi Laurie...your missing an important point here....sure there will be dilution but you have to look at the facts and reasons behind the dilution
1) The dilution is due to the merger to secure prospective uranium interests so they are getting an ASSET for the dilution which will provide additional value to the company...Dilution is ok if your potentially going to increase your EPS (earnings per share) further down the track.... im picking a 5%-10% reduction of the shareprice once the share entitlement has been issued. so that may mean at current price a 2-3c decrease which if it happens at all will be short lived.

2) If you research the projects that DYL are involved in in Australia and Namibia you will identify they have massive uranium prospects which through the managements vast knowledge and experience will become a viable o[peration ...the impressive thing as we already know is PDN are major shareholders and the management connection is very strong considering Dr Leon Pretorious is on PDN,s board....PDN know more about the prospects in Namibia as far as resource than we do ....aslo the infastructure is very good and more importantly there is no red tape beuracratic involvement and why PDN went offshore for uranium and look at them now...3c to over $5 in 3 years

2)From airbourne radiometric anomalies which had follow up drilling lead to the discovery of carnotite mineralisation near the surface
The merger provides grade and tonnage of 18,016/T U308
Further drilling may increase this resource . Actually im confident it will therefore im not one to be concerned with the dilution...all good IMHO
Then there is Napperby in Australia where they have just completed a 255 drill holes to which 600 samples which included 4 twin holes drilled to verify higher grade intersections were received by the lab on 15th september and would take approx 4 weeks to process.
Deep yellow also recently announced they have commenced drilling in relation to a joint venture covering an area over 5000sq km in the uranium rich area of Mt Isa-Cloncurry region in aussie...the prospects are fantastic and DYL have on crutial component ....they have a highly skilled world class uranium management team....

Cheers


ok accept what you are saying but that will limit any further capital raising if they need to and if they do ask for more then a consolidation will have to follow at least there are no options to worry about :)

cheers laurie

[SCHUMACHER]

Looks like the market wants more of DYL at pre open today....may open higher than fridays close of 28c
I tend to think the entitlement issue at 12c will keep punters in buying mode until the 15 november which is record date to be elligible for the entitlement.
However there may be a small sell off based on intraday traders along the way. My next price target is 32.5c May not get there yet but who really knows....
cheers

[JoeKing]

Schu..... gonna be a big day... 3 1/2 million on opening!
I don't think the new issue will make any difference to SP, it is in "go crazy" mode. 6 million wanted above friday close.
Cheers
JK
edit: New high 34

[SCHUMACHER]

Well Well Well, not a bad effort aye Joe.
I would expect a sell off about now and by the end of the week it may even fill the gap at 28c.....dont know that for sure but when it hit 29c the previous time i made the call that it would fill the gap at 25.5c and sure enough it did.....looks very bullish indeed
cheers Schu

[JoeKing]

What a way to start the week! over 28 mill.DYL traded first hour, new high 35.5 and AGS rampant as well. Lets hope it continues...]
Cheers
JK

[laurie]

Almost too good to be true I took a snapshot of the screen just so I can look back on AGS & DYL down the track :D

cheers laurie

[bull....]

Wow certainly surprised me I didnt expect it to go off like this.

[SCHUMACHER]

what a run...ive sold out at 38.5
getting too hot for me on the charts....i will wait and look for a reentry in the mid 30,s if i get the opportunity
cheers Schu

[JoeKing]

Could be a bit early Schu.pre-open building nicely over 400k above closing, and still 3 hours to open....
Cheers
JK

[SCHUMACHER]

Joe...i may have exited too soon but i did buy at 16c so i have to evaluate the shareprice .....however i did by a mountain of Matrix yesterday at 8c as DYL are commencing drilling on their highly prospective tenement in the Mt Isa region....and DYL recently did some airbourne radiometric surveys which highlighted massive potential uranium sulphides....looks like it may open at 9c today

cheers and good luck....i will jump back into DYL whenever there is some price weakness...the way its going i may have to wait a while...haha

[Skol]

This is heading for a blowout, get off train before the last station.

[SCHUMACHER]

good recovery today from hitting 31c...back in at 32c...closed at 38.5c on good volume.

[JoeKing]

Welcome back schu. Nice little profit well done. I am hanging in for 12c issue will bring my average to
around 20c.
Cheers
JK

[SCHUMACHER]

Thanks Joe....take a look at MRX which DYL have struck a JV deal with for the highly prospective Uranium tenements at Lochness and Miranda Mt Isa Queensland...i understand DYL intend to drill early novemeber..i will get a thread going for MRX (MATRIX METALS)
CHEERS SCHU

[jacko]

Something odd going on with DYL. 12c entitlement issue closed on Nov 8 and yesterday the sp rocketed to a close of 38.5c with heavy volumes. One would expect a fall in sp when the entitltment date was passed. There is massive accumulation occuring.

I think this is an undervalued company and we may see a rise to 40-50c over the next week.

The PDN vote of confidence is very important. PDN will be closely acqquainted with DYL (Leon Pretorius is on the PDN board). PDN would not buy 11% of DYL unless there was some substance to DYL.

[SCHUMACHER]

certainly moved on good volume yesterday Jacko ...i suispect the Napperby results from recent drill programme may be due to be released.....we already know about the namibia deal and the 2 tranches for shares which have to be approved by shareholders at the AGM meeting end of this month so it can only be the napperby results.....failing that theory it may be just another manipulation due to the heavy sell off from hitting an intraday high of 49c

cheers Schu

[JoeKing]

I think there is some confusion re. EX dates which has effected up SP.
"record date" is 15th. It is my belief that to qualify for 12c rights shares must be held at close on record day. The Co. did say 8th last transaction day to enable shares to be registered by 15th. There has been quite a debate on HC.I think there will be a few dissapointed punters after entitlement completed. I would expect a retrace after 15th.
Schu. I bought a bunch MRX over 3 years ago (11c) sold last week 9c. I don't think MRX have the management to create much ado. Would be interested in other opinions on new thread.
Cheers
JK

[SCHUMACHER]

Joe, fair comment about matrix , but you need to consider that the project is ready to ramp up to production in 2-3 months....sometimes it takes a while before the market recognises junior mining companies as there are so many that never get to production.

I guess one of the key reasons for the recent increase in shareprice from when i bought into MRX was the DYL Joint venture announcement
I remember buying AVM (Anvil mining, copper producer) at 4c years ago and selling at 12c before production how silly was that in hindsight...anyway, keep MRX on your watchlist as the DYL JV may prove intersting due to the highly prospective Uranium region which includes companies such as Summit and Paladin ....cheers Schu

[JoeKing]

Surprise! Looks like DYL is going to resist the usual retrace after rights issue?

[SCHUMACHER]

I agree Joe, the shareprice is holding up well and we are yet to see the results from Napperby....the 2 tranches of share issue coming up in the next 2 months will definately dilute the stock but due to the strength of the projects at hand may not show by way of a shareprice selloff, however i would not rule out the possibility ......
DYL is a high risk stock but what tends to minimise the risk of this type of U stocks is the confidence and experience/skill of the directors and the fact that they have this somewhat united front with PDN and their involvement with the PDN board.......obviously DYl will be manipulated over the next few months whilst things get organised with the recent merger of the U308 INTERESTS In Namibia

One other point is that the second tranch of shares willl be held in escrow for 2 years so that may help the situation
Cheers Schu


cheers Schu

[JoeKing]

Hi Schu. Got the wobbles today and sold out 36. (paid for yesterdays MRX buy ;)))I just get the gut feeling that the "record date" confusion will kick in any day and there will be a lot of psssd off punters. As a result this stock will fade a little for a while.. maybe to mid 20's.
DYL must have a flock of super pidgeons... statements dispatched OZ. yesterday, recieved Rotorua NZ today... AMAZING!.
Cheers
JK

[JoeKing]

Could not take the risk bought back 32.5 Friday, so nice little bounce today welcome.

Schu, are you watching WMT?. Been watching since 3c sold last thursday 5.4, for nice little profit but HAD! to buy back today 9.9 OUCH! will hold from now. With Dr Leon Pretorius involved, has strong links to DYL and thereby Paladin, and almost unbelievable initial trenching results.
Some interesting info HC.

All in all looks like Santa is going to be affluent.
Cheers
JK

[JoeKing]

Well here it is the JORC we have been waiting for....smiling Schu?
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00677634

MERRY XMAS ALL

[laurie]

JK
The JORC refers to only a 1 km area and has a cut-off of 360p ppm - same as the old Uranerz data. so no real surprises here until the complete picture is painted with more JORC's

cheers laurie

[JoeKing]

Yes Laurie, but the fact that the report is 20% up on prior estimates is significant. If this is the case over the whole 14 k's the recource is certainly impressive.
Cheers and MERRY XMAS
JK

[Paddie]

DYL having a good day today, up 7 cents on good volume.

Paddie[^][^]

[Steve]

Paddie, I assume that you have been a holder?

[Paddie]

quote:Originally posted by Steve

Paddie, I assume that you have been a holder?



Steve,

Currently am a holder, brought in the 30's.

Paddie

[Steve]

You must be happy. Is DYL a short-term or long-term trade for you?

[Paddie]

quote:Originally posted by Steve

You must be happy. Is DYL a short-term or long-term trade for you?


What a good question?

AGS is my definite long term hold, and rate DYL not to far behind, but who knows, and also the temptation to take some money out, as I think that UR stocks are becoming overheated.

Just MHO.
Paddie:)

[SCHUMACHER]

good to see dyl hit its stride and get into the 60c range .. since its recent rally it has been sold off and currently trading around the low 50c range,.....should have a good year if all goes to plan , hence why DYL is one of my picks for 2007
cheers and good luck that hold...Schu

[SCHUMACHER]

Been a while since i posted on one of my favourite U stocks so here is some reading interest while we await the next breakout....bollinger bands getting tighter by the minute and I certainly expect a breakout inside a week....lets see what happens ...in the meantime digest this little number folks!!!


DYL's Reptile deposit in Namibia has very high potential as there has been no drilling for 20 yrs. When Paladin bought Langer Heinrich in 2002 with 1970 - 80's drillings the Mineable Resource was 11,155 tones U(3)O(8). http://stocknessmonster.com/news-item?S=PDN&E=ASX&N=233026

Now Paladin have drilled out Langer Hendrick (which is only 16 km from DYL’s Reptile deposit) and increased the U308 to about 48,000 tons. If DYL can achieve a similar 4.5 times increase in U308 resource estimate from their Reptile deposit imagine the huge upside potential from here. This stock has the potential to be the next Paladin imo, biggest gains will be made by buying and holding.

One of DYL’s other Australian tenements is Lockness - Miranda located just N.N/E of Valhalla.......it could well be very similar to Valhalla....... and also in same locality as the Mary Kathleen mine. Previous drilling 30 years ago hit 18 meters at 810 ppm from 30 meters – see page 8 of the Annual Report. http://sa.iguana2.com/cache/c228ee516566caaedf22b72b0f14e40c/ASX-DYL-339572.pdf 7 holes were drilled, till the recent bushfires stopped the drilling

18 meters at 810 ppm from only 30 meters using 30 year old exploration techniques – they could be sitting on the next major Australian discovery – the drill rigs went in late November – they expect to have lab results (of those 7 holes) in February 2007.

In addition there are DYL’s extensive tenements in N.T. and S.A. where you can mine Uranium right now.

DYL have the largest tenement holding of any Australian uranium exploration company - potential for new discoveries remains significant as a result.

DYL’s acquisition program has been very robust and shows no signs of abating just yet – with the latest capital raising they have ended up with around $25M in the bank – yet have only earmarked to spend $9M over the next 3 years. Will they spend the remainder on another major acquisition or accelerate the advancement of one of their tenements? – which ever it is, it’s all good

DYL Management is fully experienced in uranium. Dr Leon Pretorius has had 35 yrs in the industry, been director with John.Borshof at PDN, is still director of Langer Heinrick P/L where he was instrumental in bringing the 1st new uranium mine anywhere in the world in the last 10 years into production. http://sa.iguana2.com/cache/b4bd78fbbeaae771b7b5b732708b5825/ASX-PDN-347351.pdf

Don’t skip over this point – Dr Leon Pretorius in his role as a director of Langer Hendrick P/L got Paladin’s Langer Hendrick deposit into production – the 1st new uranium mine anywhere in the world in the last 10 years - so it stands to reason he knows all the right people in Namabia – and is well positioned to fast track DLY’s Reptile deposit in Namibia which is located within 16km of Paladins Langer Hendrick

DYL's other director Gillian Swaby has been director and secretary at PDN since the early 1990's. Together Pretorius and Swaby have been involved in PDN as it has appreciated from 1 cent to around $9 in a little over 4 years!!!

Directors: Dr Leon Pretorius has 60M shares in DYL and Gillian Swaby has 28M shares in DYL and the significant point is that the majority were bought on market. That is they have invested their own "hurt" money in Deep Yellow shares. If Deep Yellow does not perform they themselves have a lot to lose.

In addition the June 2006 Annual Report reveals both directors received around 90% of their remuneration in options. Yes they are backing themselves and the future of Deep Yellow.

Outside of PDN we don't see directors with this much uranium experience amongst any other uranium hopefuls in Australia.

Namibia is where it’s happening, Dr Leon Pretorius has opened offices and depot and is able to progress the

[shasta]

Schu

Where did you get the $9m over 3 years figure from?

Does this include any exploration costs on new tenements/new acquistions/permits granted?

If so, then the recent capital raising has really put DYL in the driver's seat to fast track mining there deposits.

I like the Namibia tenement (which got me interested & into DYL originally) & see this as the main opportunity to get ahead of the other U308 explorers.

[SCHUMACHER]

Hi Shasta.....the 9 million is a projected amount by which DYL management have earmarked to spend on their agressive drill programmes in Aussie and Namibia including their J/V farm in interests with the likes of MRX etc.....hope that clarifies your question? so plenty of cash there.....as i mentioned in one of my earlier posts the Namibia tenements will be part of an agressive drill programme for DYL as the political environment is extreemly stable.
As ive heard many a time from PDN directors, the aussie Uranium situation poses far too much red tape and beauracratic issues to be even bothered with. Look waht they have managed to achieve in Namibia and now hold 11% + of issued capital in DYL and the DYL Uranium sites are neighbouring properties, why do you think DYL sought to take over Reptile ASAP fully knowing what was IN GROUND thanks to the regional,governmental knowledge that PDN possess.....I see DYL as one of the next major players to emerge in the race to fuel the Uranium supply market.
cheers Schu

[JoeKing]

EXCELLENT post and response Schu. Well done!
Cheers
JK

[SCHUMACHER]

Hey Joe....just trying to help mate....
as you well know DYL and PDN are in bed together which certainly heLPS strengthen DYL,s position...
not many would be explorers will emerge as producers and I remember reading a report stating that only 5% of uranium explorers will actually end up producing the stuff....now considering PDN are on the verge of becoming producers and have a financial interest in DYL by way of 11% of the issued capital ...we are looking very good
cheers Schu

[shasta]

Thanks Schu

You have answered my query, certainly wasn't questioning your figures, just that the stated expenditure seems light in respect of what is planned over the next 2 - 3 years, which leaves cash for acquistions & hopefully more in Namibia.

[JBmurc]

-http://www.peninsulaminerals.com.au/

Another Ur gold jnr worth a look Mktcap-40mill
heard about it the other nite on SKY buisness-Some analyts was talking up the Ur boom mentioned PEN along with AGS and others

[SCHUMACHER]

DYL showing good support now and buyers coming back....should go higher in the next few days

Cheers Schu

[SCHUMACHER]

Could be a reversal in shareprice . Looks like it may get dumped this afternoon.....If 48c goes we may see 45c revisited if the selloff is legitimate. Never mind ...the uptrend is still in tact
cheers Schu

[SCHUMACHER]

DYL Announcement that PDN have purchased 10 million shares off market at 40c /share....closed at 41.5c on friday.

PDN now hold approx 11% of the issued capital....DYL looks ready to rool out an aggressive drilling prograsmme in 2007....cheers Schu

[SCHUMACHER]

DYL UPDATE FOR NEWBIES TO THIS THREAD...........

DYL's Reptile deposit in Namibia has very high potential as there has been no drilling for 20 yrs. When Paladin bought Langer Heinrich in 2002 with 1970 - 80's drillings the Mineable Resource was 11,155 tones U(3)O(8). http://stocknessmonster.com/news-item?S=PDN&E=ASX&N=233026

Now Paladin have drilled out Langer Hendrick (which is only 16 km from DYL’s Reptile deposit) and increased the U308 to about 48,000 tons. If DYL can achieve a similar 4.5 times increase in U308 resource estimate from their Reptile deposit imagine the huge upside potential from here. This stock has the potential to be the next Paladin imo, biggest gains will be made by buying and holding.

One of DYL’s other Australian tenements is Lockness - Miranda located just N.N/E of Valhalla.......it could well be very similar to Valhalla....... and also in same locality as the Mary Kathleen mine. Previous drilling 30 years ago hit 18 meters at 810 ppm from 30 meters – see page 8 of the Annual Report. http://sa.iguana2.com/cache/c228ee516566caaedf22b72b0f14e40c/ASX-DYL-339572.pdf 7 holes were drilled, till the recent bushfires stopped the drilling

18 meters at 810 ppm from only 30 meters using 30 year old exploration techniques – they could be sitting on the next major Australian discovery – the drill rigs went in late November – they expect to have lab results (of those 7 holes) in February 2007.

In addition there are DYL’s extensive tenements in N.T. and S.A. where you can mine Uranium right now.

DYL have the largest tenement holding of any Australian uranium exploration company - potential for new discoveries remains significant as a result.

DYL’s acquisition program has been very robust and shows no signs of abating just yet – with the latest capital raising they have ended up with around $25M in the bank – yet have only earmarked to spend $9M over the next 3 years. Will they spend the remainder on another major acquisition or accelerate the advancement of one of their tenements? – which ever it is, it’s all good

DYL Management is fully experienced in uranium. Dr Leon Pretorius has had 35 yrs in the industry, been director with John.Borshof at PDN, is still director of Langer Heinrick P/L where he was instrumental in bringing the 1st new uranium mine anywhere in the world in the last 10 years into production. http://sa.iguana2.com/cache/b4bd78fbbeaae771b7b5b732708b5825/ASX-PDN-347351.pdf

Don’t skip over this point – Dr Leon Pretorius in his role as a director of Langer Hendrick P/L got Paladin’s Langer Hendrick deposit into production – the 1st new uranium mine anywhere in the world in the last 10 years - so it stands to reason he knows all the right people in Namabia – and is well positioned to fast track DLY’s Reptile deposit in Namibia which is located within 16km of Paladins Langer Hendrick

DYL's other director Gillian Swaby has been director and secretary at PDN since the early 1990's. Together Pretorius and Swaby have been involved in PDN as it has appreciated from 1 cent to around $9 in a little over 4 years!!!

Directors: Dr Leon Pretorius has 60M shares in DYL and Gillian Swaby has 28M shares in DYL and the significant point is that the majority were bought on market. That is they have invested their own "hurt" money in Deep Yellow shares. If Deep Yellow does not perform they themselves have a lot to lose.

In addition the June 2006 Annual Report reveals both directors received around 90% of their remuneration in options. Yes they are backing themselves and the future of Deep Yellow.

Outside of PDN we don't see directors with this much uranium experience amongst any other uranium hopefuls in Australia.

Namibia is where it’s happening, Dr Leon Pretorius has opened offices and depot and is able to progress these tenements to production as soon he wants; Unlike many other Australian only uranium hopefuls (excluding those with NT and SA tenements).

RIO's Rossing mine has been in production for about 25 years in Namibia, and Namibia is now the 3rd largest ura

[shasta]

Good post Schu

Have been watching other threads re WMT, GGY stating Dr Pretorius has brought shares & the PDN link, yet DYL is his "baby", something that has been seemingly overlooked?

Any news from Namibia or good drill results in either NT or SA, will breathe some much needed life back into the SP.

They have the funds to fast track there drilling programs, so 2007 will be a big year for DYL.

I just wonder that the amount of shares issued is extremely high & would put many off DYL, hopefully in 2007 we see some sort of consolidation to address this.

Disc: Hold DYL

[SCHUMACHER]

Shasta...i dont think the share issue will be a problem with the amount of cash on hand and the fact that they have bought some potentially valuable assets on their acquisition spending spree....the issued capital is only a concern when companies increase it to keep the lights on and have no real asset....also worth mentioning that DYL have more U prospects than any other U company in AUSSIE..then they have the Namibian tenements next to Paladin and the Namibian government have clearly stated that there will be no more exploration licences granted to other companies ...looks like DYL and PDN have effectively stiched up NAMIBIA s U ranium ground...classic stuff and one that nthe shareholders shoud benefit from massivly in the years to come...fantastic
cheers Schu

[SCHUMACHER]

DYL on the run .....currently up at 43.5c already...new uptrend now in place ....could run into the 50,s quite easily
cheers Schu

[shasta]

DYL closed up 6c (over 14%) to 47.5c on 14m turnover, we now have lift off Schu!

Speeding ticket to come tomorrow? [8D]


Disc: Hold DYL

[Serpie]

Very strong close today. Wouldn't be surprised to see a gap up tomorrow, although would rather not.
Have held DYL for about 12 months now, and it has a habit of filling gaps, so I'd prefer a nice steady rise.
April should be good for DYL on 3 fronts with 3 mines policy due for the chop, some real progress on the Namibian project, and another rise in the price of U.
All IMHO of course.

[kronos]

No speeding tickets for these shares. The highway is opening up for uranium as the only viable, sustainable and green fuel of the 21st century.
Yes, we will recycle, reuse, and consume less but the days of relying on vast quanities of polluting fossil fuels are gone. I`m sure the Australian Labor party can sense the sea change as well.
Go DYL!

Kronos.

[JoeKing]

Hold tight, DYL has definitely been discovered...
http://www.smh.com.au/news/business/heavy-rains-play-havoc-with-era-output/2007/04/02/1175366161903.html
Cheers all holders..
JK

[JoeKing]

Might be a good idea to check seat belts prior blast off. PDN lifts DYL holding.. "intense" drilling programme commences Namibia....U hits new high $113. http://www.stockinterview.com/News/04072007/Uranium-Price-Over-Hundred.html

Check this interesting chart....
https://www.directbroking.co.nz/DirectTrade/dynamic/superchart.aspx?sc=DYL&e=ASX
compare security ASX.PNN

Cheers holders, sheeza bewdy!
JK

[SCHUMACHER]

good to see it holding at 50c as this has been a major resistence level but seemed to blast through today ...and has held at the close , possibly due to increase in U spot price and DYL drilling campaign underway....any sniff of good results will see the shareprice soar ....cheers S

[JoeKing]

Good to see PDN confirming "control".
And the chocks are away for drilling Namibia,
http://www.asx.com.au/asxpdf/20070412/pdf/311wyqd8dbwllr.pdf
it's going to be an interesting next 6 months..
Cheers
JK

[shasta]

JK

Could be an interesting week when we get the Namibia update as the drilling action started today.

Currently up 7.5c to 58c & on large volume (23m).

Chart looking good too.

DYOR

[Serpie]

Good close at 58.
Would be nice to see them slip in a drilling ann before open tomorrow just to keep it pumping.

[SCHUMACHER]

Very good close lads...and a new closing high....shame about the trader stopping the run at 58.5c but i suspect he will disappear in good time.....should gap up at the open tomorrow.....lets see the 60,s cheers Schu

[SCHUMACHER]

Hey Shasta...im sure youve got a smile on your face as most of us will have by now....DYL being re rated as we speak and the ASX 300 listing will help.....
Here is my take from my H/C post

....i reckon DYL will have more Uranium than PDN by the time it digs up the resource in Namibia......did you see the original airbourne radiometric size of the potential U308 looked to me that it was about 4 times PDN deposit......
Then there is the Australian situation where DYL have more U tenements than any other exploration company and some very good ones at Mt Isa , some very good alliances also....all good to me and it wouldnt surprise me to see DYL sharprice around 70c by the end of this week....
I see URA went from 57c to the 80,s in a few days recently....Uranium investors will have some good paydays along the way but I would be very careful where i put my money.....thats why I chose DYL when it was 16c as I believed in Management

To me the most important play for DYL is in Namibia....remember when PDN said in a statement that the australian situation had far too much red tape and beauracratic bollocks to even bother ...that was in 2002 from memory and now look at them ...Namibia is the place to be and DYL/PDN have stiched up the whole area and the Namibian government wont allow any more U ranium exploration companies in....cheers Schu

[JoeKing]

Hi Schu
Read and agree tith your HC post.
I think it is becoming more apparant/obvious that eventually PDN,DYL,WMT,GGY (the youngster) will all be one.
When? well, could be a few years away after PDN has completed taking out/up smaller opposition. (SMM's)
I believe there could even be some sort of amalgamation with likes of Rio Tinto-BHP to make a huge "U" conglomerate.
Aren't we fortunate to be experiencing a unique revolutionary period in this planets' history...
Cheers all you grinners
JK

[luckysexice]

Can someone please tell me when is Namibia drilling report going to be out

[etrader]

quote:Originally posted by luckysexice

Can someone please tell me when is Namibia drilling report going to be out

http://www.deepyellow.com.au/news/asx/070412_namibia.pdf

a pdf of a brief on the drill, however i could not find an estimated time of drill.

Disc: have purchased this morning.

[Torrero]

so is RUN in a J.V. with DYL. sorry but i cant see how this helps DYL unless they are intertwined.

[JoeKing]

Torrero
RUN = Reptile Uranium Namibia
DYL Mamibian Subsidiary
Cheers
JK

[etrader]

Notice PDN have increase their holding from 10.64 to 11.78%, notice came throught in last moments.

I note PDN had around 11% in December gone but reduced a little and again have increased. Is this a small portfolio adjustment.

I've only bought into DYL today so researching a little deeper but is DYL the sort of company that could be in PDN sites.

[shasta]

etrader

PDN's holding was dilluted due to the SPP, they subsequently bought 10m shares to address this.

Today's announcement is yet another show of support for DYL by PDN.

[Serpie]

DYL also issued 25M shares to MRX as part of their MtIsa JV, which also diluted PDN's holding.

PDN picked up their extra 10M shares "off market" after the MRX issue. I'm wondering whether MRX sold some of their issue to PDN to raise capital. I've looked but can't find reference to it anywhere.

[Serpie]

Previous post was regarding purchase at the end of March.
I see that they've acquired another 11M shares in the last 17 days! Assume they've picked these up "on-market"?

[etrader]

quote:Originally posted by shasta

etrader

PDN's holding was dilluted due to the SPP, they subsequently bought 10m shares to address this.

Today's announcement is yet another show of support for DYL by PDN.

Thanks for clarifying that shasta, as you see only a new investor to DYL today already exposed in a minor way to uranium but this is a more direct exposure, impressed with how fast they are moving to expand, sure PDN will keep an eye on that currently capped around 600 mill, see one of the main board members came from PDN originally so they seem fairly closly linked in knowledge about DYL.

one of the largest volume days this year.

[shasta]

etrader

You will read on other threads, namely GGY & WMT about Dr Leon Pretorius the Uranium Guru, who is ex PDN but guess what?

Dr Leon Pretorius is our Executive Chairman & holds 60m shares + another 5m options in DYL!

Just having his name linked to a "U" company's share register will send the SP skyward.

[SCHUMACHER]

Source: www.miningnews.net

With Summit conquered, Paladin ups Deep Yellow holding

Paul Garvey
Tuesday, 17 April 2007

URANIUM miner Paladin Resources has toasted the success of its bid for Queensland uranium play Summit Resources by forking out more than $5.5 million to increase its stake in fellow Namibia-focused company Deep Yellow.

Paladin spent $5.56 million or an average 48.5c per share to top up its Deep Yellow holding by 11.46 million shares.

With a previous stake of 10.6%, Paladin ranked as Deep Yellow's largest shareholder, and now controls 11.8% of the explorer's issued capital.

News of Paladin's top-up explained the heavy trading in Deep Yellow shares yesterday.

Some 23.6 million Deep Yellow shares changed hands as the company's share price moved from 50.5c at opening to 58c at the close.

Deep Yellow, which has a reputation as a favourite stock among day traders, has typically averaged turnover of between 2 million and 8 million shares per day.

The company was again the subject of heavy trading today, with 26.7 million shares changing hands as the company's share price lost 3.5c to 54.5c.

Deep Yellow's key asset is its Reptile project to the south and southwest of Paladin's flagship Langer Heinrich mine.

Exploration work at Reptile by previous explorers has defined non-JORC compliant resources containing 18,000 tonnes of uranium oxide, and much of Deep Yellow's work has focused on verifying that historical work.

Last Friday, Deep Yellow began a reverse circulation drilling program at Reptile, with first results from that work expected in as little as five weeks.

Deep Yellow director Martin Kavanagh told MiningNews.net he attributed today's heavy share volumes to profit-taking after yesterday's gain.

"Yesterday's heavy trading came on the back of the Summit-Paladin deal, and I suppose some people may have thought we might be on Paladin's radar, that we might be Paladin's next acquisition," Kavanagh said.

He added that any potential bid for Deep Yellow would need to overcome the fact the company's top 10 shareholders held around 50% of the company's stock, with executive chairman Leon Pretorius alone holding about 60 million shares.

Kavanagh said Deep Yellow had a good relationship with management at Paladin, with Deep Yellow having picked up one of its first uranium projects from Paladin.

Paladin sold Deep Yellow the Napperby uranium project in the Northern Territory, which has since been sold to Toro Energy.

Yesterday, Summit surprised many when it agreed to the terms of Paladin's revised takeover offer of one Paladin share for every 1.67 Summit shares held.

Paladin's shares had lost 57c to $9.83 by the close of trading today.


End.

[Serpie]

Thanks for that Schu,
A quick visit to Mining News, and the story's place on the board, would suggest that the article was released after the market closed today. Would that be correct?
If so we may have a good day tomorrow.

[etrader]

Stock has softened off but a small jump on fri and today, is this partly due to the Uranium forum starting on fri with news of a possible overturn on new uranium mining by the govt.

Will Areva be looking for new uranium targets now that the SMM deal is off.

Volume and price started to move in last hour as heading toward close now at .60 off a low of .56c.

[Serpie]

DYL is well placed to take advantage of a change in Labour party policy.

Although much of the focus recently has been on their Mt Isa QLD projects (and QLD may be the only state not to allow U mining)they also have holdings in SA, WA and NT.

And of course they're drilling in Namibia right now.

[etrader]

quote:Originally posted by Serpie

DYL is well placed to take advantage of a change in Labour party policy.

Although much of the focus recently has been on their Mt Isa QLD projects (and QLD may be the only state not to allow U mining)they also have holdings in SA, WA and NT.

And of course they're drilling in Namibia right now.

From what i understand although the QLD minister states he wants a ban, that the central govt can overturn that based on national interested. Correct me if i'm wrong. I think now australia see's just how large this resource is worth once they fully allow more than the 3 current mines.

all positive for the industry as a whole, if this is overturned i think investors who pick carefully could been in for a windfall.

Do your research and don't just buy any company with uranium in the word, check what the holdings represent.

Very agressive buying in the last hour of trade with millions going through in last few minutes it seems someone is buying hard before close. Is this a lead into the drilling overseas or the policy change been possible. At current levels around a 10% rise today.
Intraday chart

[SCHUMACHER]

DYL absolutely flying....now up to 61c on good volume

cheers Schu

[Serpie]

ETrader,
As I understand it the Labour party policy will change to allow new U mines, but they will not enforce this policy on the individual state governments.
Beattie (QLD) originally stated that he would not fight the policy, but this has since been clarified, and now that Beattie has the choice at state level he will not allow U mining in QLD.

PDN's chief was on Aussie TV last week stating (in reference to their takeover of QLD U miners SMM) that they needed 4-5 years to explore and develop infrastructure before they were ready to mine in QLD, and they were banking on the policy being thrown out before then, otherwise they were going to look a bit silly.

[shasta]

Paladin's MD has already said they are eyeing up at least one more acquistion this year, & given they wanted the other half of the QLD "U" deposit that SMM held, i would imagine some good drilling results in Namibia by DYL & PDN will be interested.

I wonder if PDN will show there hand early & buy on market up to 19.99%?

[etrader]

Thanks for clearing that up Serpie.

DYL closed at an all time high with a huge life in volume
buyers were jumping over each other to grab the stock. As
i'm only a new investor to DYL it's interesting to see the volume of stock traded.

Does anyone know around how long drilling will take overseas, the brief pdf did not state a date, but on other investors experience have they done similar tests and had a reasonable time frame before results come out.

[Serpie]

With an average buy price of 15.3c, I'm pretty stoked with an 8.5c daily rise.
I might treat myself to a Summer Ale.

[shasta]

quote:Originally posted by Serpie

With an average buy price of 15.3c, I'm pretty stoked with an 8.5c daily rise.
I might treat myself to a Summer Ale.


Serpie

A good day indeed DYL going great guns & URA is too :D

What will tomorrow bring for DYL, the volume going through is huge!

[Serpie]

IF you're only new to DYL ETrade then you are a pretty savvy investor. You would have seen very good gains in the recent past.
I'd estimate about 6-8 weeks for Namibian drill result, but it could be quicker if they are using PDN's supply lines.
They've got PDN's drill team, so reason to doubt that they've got the labs too.

[Serpie]

Just checked URA Shasta, and you've had a stunner today.
MRX popped up 11% for me today too. They've got (or had) 25M DYL shares, so when DYL does well, so do they.
Now we just need our rocket under our other favourite!

[Serpie]

Sorry, got carried away there.

Closed 7c up, not 8.5c. Will have a Radler instead.

[etrader]

quote:Originally posted by Serpie

Sorry, got carried away there.

Closed 7c up, not 8.5c. Will have a Radler instead.

Check on d/broking and noticed in after market trade that the it did get to .64 up 8.5c slightly distorted as it was on low volume.

But certainly was a good days trade

[SCHUMACHER]

Serpie...go back and read my previous post....it states that the first stage of drill results will be announced in 5 weeks . that was a week ago
cheers Schu

On the chart front , we have an intraday hig of 64c and a new closing high...this signals a major move

tomorrow should be interesting.

[SCHUMACHER]

their statement reads........"Deep Yellow began a reverse circulation drilling program at Reptile, with first results from that work expected in as little as five weeks"

bring it on!

[shasta]

Etrader

You haven't sold DYL have you?

I suspect the late volume is due to buyers positioning themselves in advance of some promising drilling results in Namibia, remebering Paladin's historical resource ended up being 4 times bigger & there's every chance DYL's resource will be upgraded too.

You can bet Paladin Resources are watching this with interest!

Nice jump today of 8.5c & I would expect some more tomorrow, before another breather & a nice march into the 70's.

Serpie - URA closed up 8c to 76.5, am very happy with my U stocks today.

Pity McGall a potential 200BCF target didn't strike gas in the primary target for STX today(A strike in the secondary target is economic to produce & will still be drilled), else it would have been a truly great day.

[etrader]

quote:Originally posted by shasta

Etrader

You haven't sold DYL have you?

I suspect the late volume could be due to a leak re some very promising drilling results in Namibia, & you can bet Paladin Resources are watching this with interest.

Nice jump today & I expect some more tomorrow.

Serpie - URA closed up 8c to 76.5, am very happy with my U stocks today.

Pity McGall a potential 200BCF target didn't strike gas in the primary target for STX today(A strike in the secondary target is economic to produce & will still be drilled), else it would have been a truly great day.

No well and truely hanging on to these for a while yet got in on 17th of this month so small gain but i like what is happening in this sector as they are directly exposed to uranium. This will be an attractive option for pdn down the track as you can bet they won't want another bidder taking a major holding without having a go first. I see this as a takeover target or some increase in current holding while the price is good.

[shasta]

Etrader

I suspect PDN will look to tie up Namibia with DYL, knowing no new U308 miners will receive permits from the Namibian Govt.

It does seem a no brainer that PDN will want DYL down the track, when they know what resources they have JORC for.

If the ALP overturns the 3 mine policy & QLD allows mining, DYL's Mt Isa tenements could also be of interest to PDN.

[Serpie]

Thanks to Kromey1 on HC for the following snippet:

Labor to back me on uranium: Rudd
April 23, 2007 - 9:14AM

Labor leader Kevin Rudd is confident the party's rank and file will back his plan to change the party's 25-year-old uranium mining policy.

And while party powerbrokers believe he will succeed, they warn that failure to overturn the uranium ban would be fatal to his leadership and the party's electoral chances.

Mr Rudd will ask the party to overturn a 25-year ban on new uranium mines at Labor's national conference this weekend, but is facing a push from the Left to defer any decision until more stringent safeguards are in place.

Opposition frontbenchers Anthony Albanese and Peter Garrett are leading the charge to maintain the status quo, saying there is no mandate to increase the number of uranium mines in Australia.

Mr Albanese will put forward an amendment at the conference, which begins on Friday, urging the party to consider tougher non-proliferation safeguards and strategies to deal with nuclear waste, while leaving the issue of new uranium mines for later.

Mr Garrett, who ran for the Senate on a nuclear disarmament platform in the 1980s, argues that Labor has gone as far as it should on uranium mining.

"It's clear that there's a strong feeling amongst Labor Party members, particularly amongst the rank and file, and also frankly, amongst the public, that they don't want to see a change in this policy," he told ABC Radio.

But Mr Rudd believes his proposal will succeed.

"I would expect the conference to support the approach I put forward to them," he told reporters in Brisbane.

His deputy, Julia Gillard, is confident Mr Rudd will win but concedes it will be a tough fight.

"I believe that Kevin Rudd will prevail in this debate, but I expect it to be a vigorous debate, and that's appropriate," she told ABC Radio.

Ms Gillard expects the party will fall into line with the leader, whose other main challenge this weekend will be industrial relations.

"(The) conference will be very much guided by Kevin's view," she said.

Advocates of a change in policy warn that a defeat for Mr Rudd could seriously damage his leadership and the party's chances at the next election.

But they don't believe those supporting the status quo have any serious chance of getting their position up.

"This is just about the theatre of the party, they're playing to their constituency," one Labor source said.

Another predicted those against an expansion of uranium mining had "not a chance in hell" of success.

South Australian Premier Mike Rann, who is expected to second Mr Rudd's motion, is urging members to use common sense and change a policy that clearly hadn't worked.

"I hope that common sense prevails because being in government means making hard decisions and it means making decisions on fact, not on ideology," he said.

The government is doing its best to capitalise on divisions within Labor.

Resources Minister Ian Macfarlane said Mr Rudd would need to get Western Australia and Queensland on board if he wanted to claim success at the conference.

"He needs to have a victory whereby Peter Beattie and Alan Carpenter go back to their states and say we are now open for business, we will begin uranium mining as of today," he said.

"If he doesn't achieve that outcome and all we see is a continuation of South Australia and the Northern Territory mining uranium then the whole weekend will be a farce."

Queensland premier Peter Beattie opposes a change in policy and expects even if Labor backs expanded uranium mining the states will ultimately have discretion on whether they allow new mines

-end

[etrader]

Serpie:

Looking at the annual report, although it was in june last year, it appears that a large % of their holdings are outside QLD so if Bettie now not approve their exposure is not in one basket.

Looks like overturning it is turning into political tactics which could stear their future in or out of politics. I'm sure either way it will cause a rift. Just hope for investors it happens so that the many companies with tenaments can move them forward, i think this would also see some more small takeovers from larger listed companies as there are now around 150 listed uranium companies. Investors will get blured the more that come onstream.

[shasta]

Etrader

At last count, there were approx 182 companies on the ASX with exposure to Uranium.

DYL have various projects in Australia, namely (NT,SA,WA & QLD) & like QLD, WA is also anti Uranium mining at present, but DYL have "spread there risk" & a U turn (excuse the pun) by the ALP will favour the likes of DYL & MRX who have tenements close to the PDN/SMM "Valhalla resource" in QLD, that ultimately was the catalyst for the SMM takeover.

QLD remains an ace in the DYL hand.

[etrader]

quote:Originally posted by shasta

Etrader

At last count, there were approx 182 companies on the ASX with exposure to Uranium.

DYL have various projects in Australia, namely (NT,SA,WA & QLD) & like QLD, WA is also anti Uranium mining at present, but DYL have "spread there risk" & a U turn (excuse the pun) by the ALP will favour the likes of DYL & MRX who have tenements close to the PDN/SMM "Valhalla resource" in QLD, that ultimately was the catalyst for the SMM takeover.

QLD remains an ace in the DYL hand.




If the uranium ban is overturned what would investors pick in the top 5 of companies that would directly benefit based on their large proven resources. Not just spec companies that talk about the poss of doing uranium. Obviously PDN and SMM have been covered in depth on other forums and will benefit if Qld overturns "not likely" the policy. Would appreciate investors thoughts

[shasta]

Etrader

(PDN/SMM),ERA,AGS,MTN, DYL would be the main 5 IMO.

URA is a dark horse, & its management has openly stated it will be producing Uranium in 2007.

[Serpie]

But URA are talking about Eastern Europe only at this stage aren't they Shasta?
I don't think the current U ban in Aussie affects them at this stage.

[Serpie]

Update thanks to Danude on HC:

Last Update: Friday, April 27, 2007. 8:16am (AEST)
ALP must ensure states adopt uranium changes: Resources Council

The Queensland Resources Council says it is concerned a change in the Federal ALP policy on uranium could still allow the states to apply a blanket ban.

Labor is expected to overturn its "no new mines" policy, when its debated at the ALP conference in Sydney.

The Resources Council's CEO Michael Roche says the wording of the changes will be vital, if a uranium mining ban in Queensland is to be lifted.

"It would be really a Claytons policy change if it doesn't flow onto the States," he said.

"If it doesn't flow through to Queensland then we are keeping $20 billion worth of uranium in the ground.

"We're denying to Queensland, particularly in the north and north-west, hundreds of jobs and investment."

Queensland Premier Peter Beattie says the wording of Kevin Rudd's resolution on new uranium mines will determine whether a ban is lifted in Queensland.

"The Queensland branch has always had a very strong view about this and I accord with that strong view," Mr Beattie said.

"But I think the policy will change and that will allow some mining in South Australia or the rest of Australia, but if it's left to the states we won't mine it here."

[etrader]

http://www.bloomberg.com/apps/news?pid=20601081&sid=a.kjACrLWCwo&refer=australia


http://www.bloomberg.com/apps/news?pid=20601081&sid=aKVlasMK2Ngg&refer=australia

a couple of exerts off the web.

3rd Qtr results out, what do investors think of the update.
Uranium stocks quite quiet today in the lead up to the possible overturning of policy. Will be interesting to see established holders of U if this is overturned.

[JoeKing]

quote:Originally posted by SCHUMACHER

their statement reads........"Deep Yellow began a reverse circulation drilling program at Reptile, with first results from that work expected in as little as five weeks"
bring it on!

Hi Schu...
Just wondering?? Although "reverse circulation drilling" sec. http://www.midnightsundrilling.com/reverse_circulation_anim.html
is fast, as U is apparantly very water soluble, just how accurate will results be??
perhaps Tricha or T10 might see this post and offer comments??
Cheers
JK

[etrader]

So Labor has voted in favour of dumping the ban on new U mining, obviously DYL has a mixed exposure with tenaments in Qld and WA where they state that they do not want U mining at all. "is this still correct in Qld ?".

So with DYL having South Australia and N.T plus Nabibia they have a diversified mix. South Australia looks to be very progressive in wanting U expanded.

So with the latest info out what do investors think the DYL portfolio holds going foward.

Look foward to your thoughts.

[Serpie]

I think it's all been factored into DYL's current SP.
The problem that DYL will have is the knee jerk reaction, and traders looking for funds to invest in exclusively SA U stocks.
Wouldn't be at all surprised if this was bad news for DYL's SP short term. Hope I'm wrong. Usually am.

[Serpie]

Just re-reading the DYL quarterly, and they've got heaps on the go in SA and NT.
Drilling programmed for Western Gawler (SA)in June / July.
We might get some of the action after all.

[Caesius]

Opened almost four cents above Friday's close. Maybe the report has had time to sink in.

[exposed]

whats up chaps getting smashed down from highs something wrong with the yellow[?]

[SCHUMACHER]

Not to worry...just traders selling as stop loss levels are triggered.....it will bounce back ...remember it has come from 40c in a month to 71.5c intraday high....retracement in line with historical DYL trading.

The main thing is that the medium/long term uptrend is in place....tonites close will test the lower uptrend line and we should see a bounce tomorrow ...i would be surprised if it goes any lower.

Anything can happen but DYL have some drill results to post in 2-3 weeks so I guess this will tell whether Their Namibian reptile tenements are as good as they report.If they are then the retracement is nothing more than a "Stop sign".....cheers Schu

[shasta]

Exposed

Rest easy, Schu's right & it's just some day traders & profit takers, DYL will likely continue its uptrend after testing 60c tomorrow...

Remember Paladin's (PDN) Namibian resource was estimated at 11,000T based on historical data, & this was revised up over 4 times to over 44,000T.

DYL's historical resource is 18,000T & is very close to the old PDN resource, just imagine what an upgrade the same proportion as PDN had, would do to the DYL shareprice!.

IMO the DYL resource will likely be double what they have historically stated & the drilling results will confirm a significant upgrade in resource.

By the end of May we will have the drilling results!

DYOR

[SCHUMACHER]

Shasta....your on the money....anyway looks like I was accurate with the 60c bounce and we now have 63.5c c....not bad volume following on from recent retracement...I think if its going to head north again we will need much more volume...should be a good close tonite....cheers Schu

[etrader]

There was an article the other day in the oz paper stating that uranium companies with large exposure to W.A and Qld in fact are explosive stocks of the future as they have not been over priced post the Labor party turnaround. This been in the future as the heads of state are voted out and presure comes on the new leader that these bans could in fact be overturned. It's just two people holding these decisions up. Note that DYL does have exposure in these as well as n.t and s.a.

Do investors know roughly the period that an announcement is likly from the namibia drilling ?. As is it thought that they currently sit on historical data not recent and that there is a Possible upgrade if new data is produced. Also saw an article saying that any new mines were not entitled to large volumes of water that it takes to mine uranium, i take it this would fall under the old system. They're considering setting up a desalination plant there as the demand for mining is so huge.

[etrader]

quote:Originally posted by shasta

Etrader

You haven't sold DYL have you?






Shasta yes i had bought @ .58 sold monday as soon as the market opened with the uranium hype for .685c and got back into the market today @ .625 so easy $1000's were made in weeks but needed to get back in with the sector with what is coming up, re drill results/fly over results in namibia and the sector will start to have consolidation all round i predict, there are now some 140 plus companies exposed to uranium on the asx and it's only a matter of time before mid teer companies want to become the next pdn or smm.
IMO.

I like this stock as a trading stock also with large volumes where i am in hgd/htm and it's become illquid in recent times.

[SCHUMACHER]

ETRADER.....read my post on the 2/5/07 ..As stated the drilling commenced on the 16 April and results of first stage of drilling out 5 weeks there after which makes it around 20 May....Insiders will know sooner
cheers SCHU

[shasta]

quote:Originally posted by etrader

There was an article the other day in the oz paper stating that uranium companies with large exposure to W.A and Qld in fact are explosive stocks of the future as they have not been over priced post the Labor party turnaround. This been in the future as the heads of state are voted out and presure comes on the new leader that these bans could in fact be overturned. It's just two people holding these decisions up. Note that DYL does have exposure in these as well as n.t and s.a.

Do investors know roughly the period that an announcement is likly from the namibia drilling ?. As is it thought that they currently sit on historical data not recent and that there is a Possible upgrade if new data is produced. Also saw an article saying that any new mines were not entitled to large volumes of water that it takes to mine uranium, i take it this would fall under the old system. They're considering setting up a desalination plant there as the demand for mining is so huge.


Etrader

Expected drilling results from Namibia are due within 2 - 3 weeks, so we will have these by the end of May. ;)

[SCHUMACHER]

Big bids coming in now...up to 64.5c going well
cheers Schu

[etrader]

Thanks guys sorry i had missed that one, good to hold post those results, could be in for a surge post results if they stack up well.

Also was wondering when a ssh changes their holding does anyone know if it's each time they increase/reduce or is on a 1% movement ?.
This could indicate if PDN is buying or selling again "not likely to be the later".

Ready to test intra high for the day of .655c

[SCHUMACHER]

ETYRADER.....Once a majority shareholder gets over the 5% ownership threshold a SSH notice is required under the disclosure rules of the ASX...and likewise if they sell or buy more they must notify the market as part of that ruling...cheers Schu

[Torrero]

thanks etrader for asking the questions and shu for the responses, im just sitting happily on the sideline.

[Sharp737]

Just got in myself at 62.5c :-)
Should done so a week or two ago. But happy to be in!

Sharp

[etrader]

quote:Originally posted by Sharp737

Just got in myself at 62.5c :-)
Should done so a week or two ago. But happy to be in!

Sharp


The main thing as i've done is get back in or your case get into the market, i'm sure we won't regret these levels latter this year.

Tested good intra day highs and not much dumping of the stock to profit take sellers mounting up at higher levels and buyers coming up to these minimum sell orders quick to fill their requirements.

[JoeKing]

quote:Originally posted by Sharp737

Just got in myself at 62.5c :-)
Should done so a week or two ago. But happy to be in!
Sharp

Welcome aboard Sharp, I'm sure you will enjoy the excitement of this stock. Looks like you are in the money already... well done!
You will do much better here in one month than NOG in the past 3 years!
Cheers and best wishes
JK

[Sharp737]

Thanks Joe and etrader.
I do like the look of this company even though there are risks.
This stock really looks like a good trading stock for sure.

Sharp

[exposed]

Good one chaps im in too now sold my agm yesterday for heaps now looking for dyl to provide the goodies.

I think the nambia results a key [?]
what ya say historical reource was double digits if this is confirmed do ya think dyl will be rerated to a few dollars[?]

[Sharp737]

Just got a few more at 63.5c
Some of my SMM profits now in DYL and just imagine if DYL is going to be another SMM?? The signs could be there eh...

[etrader]

Not long till results are out from Namibia and things just on an evan keel. I think results forcast for 20th May so sitting sideline waiting.

[shasta]

quote:Originally posted by etrader

Not long till results are out from Namibia and things just on an evan keel. I think results forcast for 20th April so sitting sideline waiting.


You mean around the 20th May!

DYL range bound 60 - 65c until the announcement, or so it seems.

Good time to top up/entry this week, as i would expect SP & volume to climb next week in anticipation of good drilling results from Namibia.

Am expecting an upgrade of U resource to at least double that of the historical 18000T.;)

Remember Paladin (PDN) had a historical resource of 11000T, that was revised upwards 4 fold on renewed drilling/testing...

Any such upgrade for DYL, would re-rate the stock massively.

[shasta]

DYL's SP is still sub 60c & lower than when they first announced the start of the drilling campaign, we could potentially have the drilling results announced as early as Tomorrow/Monday, yet DYL remains dormant!!!

Anyone wanting in sub 60c best do it tomorrow & very early on...

There will be an upgrade of there U308 resource, it's just a matter of by how much (& hopefully in multiples!)

Don't be surprised if PDN increases there holding tomorrow, ahead of the announcement.

[slam]

Im with you shasta
This should run well in the next few months

Cheers
Slam

[Serpie]

Good summary Shasta, and DYL are usually on time with their targets. Watching the anns closely.

Bought my 2 month old his first shares this week. A very small parcel of DYL at 0.59. His future is in good hands with Uncle (Dr) Leon.

[STRAT]

quote:Originally posted by shasta

DYL's SP is still sub 60c & lower than when they first announced the start of the drilling campaign, we could potentially have the drilling results announced as early as Tomorrow/Monday, yet DYL remains dormant!!!

Anyone wanting in sub 60c best do it tomorrow & very early on...

There will be an upgrade of there U308 resource, it's just a matter of by how much (& hopefully in multiples!)

Don't be surprised if PDN increases there holding tomorrow, ahead of the announcement.


Hi Fellas, bought in today at 59c. Will be adding this thread to my drop down menu :D

[etrader]

would have thought there would have been a larger volume increase creaping up to the end of the week for DYL. one reasonable large trade during the day. Waiting and watching with interest, will be next week before we know what effect it would have on the price. Guess if PDN was buying they would have to wait for info to be public considering the head is on both boards and that is conflict of interest when buying or selling.

[luckysexice]

When is the drilling result going to be release

[etrader]

quote:Originally posted by luckysexice

When is the drilling result going to be release


HMMMMM they've just ann a 1:12 entitlement to raise funds, this could be the prelude to the pending ann based on the fact they will have namibia fully staffed by early june, one wonders if this is due to good results and a ramp up in production earlier than expected.

they're also increasing there annual spend on getting production earlier than forcast.

[Sharp737]

I'm into this issue. Might buy some more.
But's that's me, everyone to make their own choice

Sharp

[shasta]

1:12 @ 50c isn't too much of a discount & thats good, I will be taking up mine!

Bring on the drilling results!

[KT_NZ]

hey shasta, how do we go about taking up the share offer if we are in NZ? thanks.

[Serpie]

We've been discussing that very thing on ShareScene KT. www.sharescene.com. Check out the DYL thread.
Let us know if you dont have access.

Cheers
Serpie

[KT_NZ]

Thanks for that Serpie. I'll post my questions on sharescene.

[Serpie]

No worries KT,
The DYL thread here on ST is a really good one. I was just being lazy, so directed you to SS.

[etrader]

http://www.asx.com.au/asxpdf/20070522/pdf/312km4zxl39cry.pdf

Drilling update

[shasta]

DYL's permit in Mt Isa (QLD), has a nice pile of Uranium for future drilling, in addition to Namibia.

No Namibian drilling results yet, but the market should like this ann & so will MRX & PDN.

Looks like we will have to wait until the end of May/early June for the Namibian drilling results.

Still time to climb onboard...

[Serpie]

Shasta,
The published assay results are from Queens Gift, which is all DYL via Superior, so no spin off for MRX there, although Miranda is included in the next fly by.
But the second announcement, where DYL are divesting all of the rats and mice to concentrate on (among others) Mt Isa is certainly good news for MRX.

MRX up 5% at the moment and DYL slightly down.

[STRAT]

Board room Radio http://www.brr.com.au/files/871/23600.asx

[luckysexice]

Are there any important ann tell from the radio

[Serpie]

I emailed DYL last night regarding details of the upcoming rights issue, and received the following reply:

Thank you for your continued support.
The details for the entitlement issue including payment are still being finalised. Once completed we will release the timetable to the ASX and post to it our website.

-end.

So too soon for details just yet.

[shasta]

Not too soon to start thinking about firing off those cheques.

50c a pop....shasta's happy big time...

DYL just needs the Namibian drilling results & $1 rights issue will look cheap.

If PDN is buying into this gem, they must know whats in the ground in Namibia!

[Serpie]

Selling down again today though Shasta,

Possibly a good time to accumulate additional shares to ensure a larger 1:12 issue at 50?

[shasta]

Selling down, you crazy peeps!

My average buy price is 42c & i wouldnt part with my DYL shares if they hit $1.

I can't believe it, there is a sure fire thing in front of people & cos the market hasn't woken to it, investors haven't either.

50c for a 1:12 has to be the best rights issue we will be offered all year!

Disc: Bullish happy DYL holder (long term)

[SCHUMACHER]

Dyl bucking the trend today ....ANNOUNCEMENT TODAY: presentation to melbourne brokers must have got a few excited as it came off intraday low of 51c to close at 54.5c...next week may gap up at open as chartists come out to play when they see the buy indicators kick in.....
cheers Schu

[etrader]

just started moving back of recent lows, hit .57 today up 5%. The namibia drilling results have not arrived yet they're finishing off a large area so expecting reasonably soon.

[Brut]

Maybe heading back to recent high of 70c again. Closed at 60.5 up 11% today

[JoeKing]

Rumour circulating PDN dropped SMM and could possibly be looking at DYL.
I think it is fairly obvious that one day PDN & DYL will be the same, maybe... just maybe, now could be the time. DYL has the goods, (we will have a better idea just how much when current drill results known), is cheap, PDN has the money...????? SOMETHING is certainly brewing DYL UP 11% today...
Cheers holders
JK

[bull....]

breakout of short term down trend Friday possibly could go back to new highs

[shasta]

quote:Originally posted by JoeKing

Rumour circulating PDN dropped SMM and could possibly be looking at DYL.
I think it is fairly obvious that one day PDN & DYL will be the same, maybe... just maybe, now could be the time. DYL has the goods, (we will have a better idea just how much when current drill results known), is cheap, PDN has the money...????? SOMETHING is certainly brewing DYL UP 11% today...
Cheers holders
JK




JK

Haven't PDN already got 80% of SMM already?

From what i gather they are quite happy about that.

I expect PDN to take a placement for any shortfall shares from the upcoming rights issue.

PDN may get up to 15% of DYL through this process, but it they are serious about DYL, i'd like to see them buy up to 19.99% on market.

Can't wait for the Namibian drilling results, if you go back & listen to Dr Leon Pretorius on Boardroom radio, you will pick up a key comment he made.

No wonder PDN are still sniffing around, DYL are trying to fast track QLD & Namibia & get more drills there...;)

Happy to wait, cos i know what's coming...:D

[luckysexice]

when is the date for the Namibian drilling results should this be end of last month or early of this month

[shasta]

Luckysexice

With DYL announcing the 1:12 @ 50c rights issue today, & the closing date being 21 June, I wouldn't rule out the Namibian drilling results before then.

Should be within this quarter, barring any problems so we should know by 30 June.

Dr Pretorius on Boardroom Radio indicated they were looking to bring in more drills & the focus being drilling for more resource than the historical 18000T.

As i have said before, i'm anticipating close to double the historical resource will be JORC.

Namibia & Qld are the reasons Paladin are onboard, they also know whats around there!

[shasta]

Big cross trade right on close of 12m shares.

Tomorrow should be interesting...

[luckysexice]

A article from today miningnews net say
PALADIN RESOURCES has announced that its Langer Heinrich mine in Namibia will miss its latest uranium production targets to the end of the financial year by some 130,000 pounds in what is the third production downgrade for the mine this year, representing an overall drop in forecast production from 1.15 million lb to 270,000lb.
is this has any thing to do with DYL drilling in Namibia

[shasta]

Well, it may have?

If Paladin have supply contracts that they can't honour, they may have to buy some Uranium to appease the customers.

I'm not sure what the pounds/tonne conversion is but PDN's Namibian Uranium resource was upgraded 4 fold (to around 45000T).

DYL historical data showing 18000T quite close to PDN's resource & we are 2 or 3 weeks away from getting the updated resource (effectively a JORC).

PDN may want to takeover DYL to increase there resources.

I haven't seen a SSH showing PDN increasing there shareholding yet, so we may have an institution on board, tomorrow should shead some light on this.

[Sharp737]

Uranium at US$138 lb

http://www.uraniumminer.net/market_price.htm

Sharp

[Serpie]

Shasta/Brut,

Back into DYL on open this morning. Hopefully managed to sneak in before the market shows it's appreciation of the new Namibian holdings.
Nice to be back in the fold.

[shasta]

Welcome back Serpie!

Nice ann out today...;)

- Another tenement in Namibia (important given the Govt has ceased all new miners from entering Namibia).

Plus, Toro Energy to drill the Napperby project in August (DYL holds an interest/royalty over this).

Bring on the Namibian drilling results!

[Phar King]

No news from Namibia this morning...do you think 56c is enough to raise $20M at 50c ????

[Serpie]

Thursday's the record date, so they've got a few days yet.
That's if they release the results before the SPP record date - perhaps they'll keep them up their sleeve.

[etrader]

quote:Originally posted by Serpie

Thursday's the record date, so they've got a few days yet.
That's if they release the results before the SPP record date - perhaps they'll keep them up their sleeve.


Do the same continuous disclosure rules apply in oz, where they could be holding back market sensitive info that they know. Surely if they know how results are, they would release to market to give an incentive for small s/h to buy giving fuel to the s/p.

[STRAT]

quote:Originally posted by etrader


quote:Originally posted by Serpie

Thursday's the record date, so they've got a few days yet.
That's if they release the results before the SPP record date - perhaps they'll keep them up their sleeve.


Do the same continuous disclosure rules apply in oz, where they could be holding back market sensitive info that they know. Surely if they know how results are, they would release to market to give an incentive for small s/h to buy giving fuel to the s/p.
Exactly. Kinda makes me wonder if Good news is in short supply.

[Serpie]

They'll have a good idea of how good (or bad) the results are by now, even if the final results aren't avaiable from the lab yet.

Regardless of whether they release the results this week or not, the SPP will be fully subscribed, as there is an option for any shortfall to be placed. I would imagine that PDN would snap up any leftovers.

The SPP price has already been set at 50c, so there's no need to boost the SP before the record date. If they'd set the SPP price at a discount to the average SP in the week leading up to the SPP (as many do) then I think we'd be sure to see the drill results.

[shasta]

Whats all this talk of bad news/info held back?

Rest assured WHEN the Namibian drilling results come in every man & his dog will want to buy DYL at 50c (if you don't PDN WILL).

Expect the SP to head to around 70c next leg up & the Namibian upgrade will do just this...

Go to boardroom radio & listen to Dr Pretorius, he mentioned they have added another drill to the Namibian resource "to drill out MORE resource".

It's just a matter of how much more...

I'd be buying NOT selling at present.

[Serpie]

Agree 100% Shasta, which is why I got back in on Friday.
I think Namibia is the company-maker for DYL. They are making all of the right moves to position themselves as a major producer for many years to come, and the upcoming drill results are the first indication that the market will have of the success of this strategy.
Short term (weeks) target for me is 75c.

[shasta]

DYL on the move in early trading up 3c to 59c.

This move looks promising & we could be closer than we think to the Namibian drilling results.

Would love this to close better than 60c.

[shasta]

One of the DYL Directors - Gillian Swaby, has just converted 5,000,000 options early.

These weren't due to expire til 31/12/08!

3,000,000 @ 21.2c, & 2,000,000 @ 31.1 = $1,225,000 for the DYL coffers.

A great vote of confidence IMO.

[etrader]

quote:Originally posted by shasta

One of the DYL Directors - Gillian Swaby, has just converted 5,000,000 options early.

These weren't due to expire til 31/12/08!

3,000,000 @ 21.2c, & 2,000,000 @ 31.1 = $1,225,000 for the DYL coffers.

A great vote of confidence IMO.

Yes great vote of Confidence, also a tidy $1.8 mill paper profit by converting to fully paid head shares, still another good chunk of options to convert but i like when directors are buying vs selling.

Is there a restriction on the sale of these paid shares ?

Nice few days for dyl with a stready small increase.

[shasta]

quote:Originally posted by etrader


quote:Originally posted by shasta

One of the DYL Directors - Gillian Swaby, has just converted 5,000,000 options early.

These weren't due to expire til 31/12/08!

3,000,000 @ 21.2c, & 2,000,000 @ 31.1 = $1,225,000 for the DYL coffers.

A great vote of confidence IMO.

Yes great vote of Confidence, also a tidy $1.8 mill paper profit by converting to fully paid head shares, still another good chunk of options to convert but i like when directors are buying vs selling.

Is there a restriction on the sale of these paid shares ?

Nice few days for dyl with a stready small increase.





Etrader

Only restriction i know of, is that Directors/Executives ("Insiders")cannot sell shares during certain time periods leading up to announcements.

We have the Namibia results due in a week or so, & that could have an affect on whether they can buy/sell.

I like the fact GS converted early, & getting more entitlements thru the rights issue shows even more faith! :D

[shasta]

quote:Originally posted by shasta

DYL on the move in early trading up 3c to 59c.

This move looks promising & we could be closer than we think to the Namibian drilling results.

Would love this to close better than 60c.


DYL closing at 61c (up 5c) on nearly 8.5m volume, makes for a possible breakout tomorrow ahead of the drilling results. :D

[Serpie]

Things are certainly happening Shasta.
Watching the anns closely.

[Sharp737]

Man, I'm glad and just got in again with a small lot at 59c. Phew!
And I think I qualify for the issue too :-)

Sharp

[shasta]

Sharp737

Yes, you will qualify for the 1:12 rights issue @ 50c, good timing by the way.

[Halba]

re: namibian drill results, company hasn't indicated they are due now?

[shasta]

quote:Originally posted by Halba

re: namibian drill results, company hasn't indicated they are due now?


On Boardroom Radio - Dr Leon Pretorius hinted late June/early July.

The longer it takes the better the resource is likely to be! :D

[shasta]

DYL holding 60c at close, on smallish volume.

And with the 50c 1:12 rights issue now ex, & the share price holding up, we are now all set for the Namibian drilling results...

May get these late next week, but more likely the week after.

Still time to climb onboard cos once the ann comes out DYL won't be 60c again!

[etrader]

With Uranium prices still holding and climbing slightly DYL will benefit from this. Will be interesting to see after rights issue where PDN site in% of company they will have truck loads to put towards the issue it's only chicken feed, they'll want to keep close to this company so they don't loose control.

Happy with this week, anticipating results to come

Def a hold

[shasta]

We have a Trading Halt Ladies & Gentlemen.

Speculation time...

1. Namibian drilling results - very positive (most likely) :D

2. Namibian drilling results - not upgraded...yeah right!

3. Corporate activity, Paladin want DYL? [:X] - PDN arent in a TH.

4. More cash raising to dig up the entire country of Namibia - alternative listing??????? ;)

5. Reverse takeover of Paladin...lol :D

[Tok3n]

"Bonanza" Uranium grades discovered :)

[Serpie]

I'm so excited I don't know which board to post on!
I hadn't considered the alternative listing option Shasta. Good thinking.
Most probably monster Namibian results.

[STRAT]

Its your first choice Shasta [8D] the timing is right LOL

[etrader]

quote:Originally posted by STRAT

Its your first choice Shasta [8D] the timing is right LOL

Agree Shasta.

Glad i'm holding these @ the moment, We've all been predicting an upgrade in the current JORC if that level even increases by 50% we'll be happy, with the rights on a 1:12 looming and a Positive report also looming i think current DYL holders can be quietly smiling @ the moment.

[shasta]

Strap your seatbelts on folks...

DYL is all set to fly...

Very happy holder here :D

[etrader]

quote:Originally posted by shasta

Strap your seatbelts on folks...

DYL is all set to fly...

Very happy holder here :D


Shasta the ann is coming, so far u can only read that it's coming but the market can't read yet, will be interesting to see where it ends today ?

[shasta]

Xmas is coming too, relax the ann WILL be a goodie.

[Tok3n]

Suspension from quotation

Can't be Namibian results now

Something else?

[Caesius]

3 day halt to release this?

I don't understand much of it but SP has taken a dive, I saw on another forum someone saying a few stop losses were triggered.

Anyone care to give us an explanation as to the annoucement?

[STRAT]

quote:Originally posted by Caesius

3 day halt to release this?

I don't understand much of it but SP has taken a dive, I saw on another forum someone saying a few stop losses were triggered.

Anyone care to give us an explanation as to the annoucement?
I was wondering the same thing. The price is back up and might even finish high. My guess is that was not the announcement originally submitted, as there is no justification for a trading halt in it. There is a link in the announcement which appears to be dead ( if anyone else manages to open it can they post it please ) so in a nutshell. Huge results expected and not delivered followed by a panic sell off and then back up again. I suspect there is something important in that link. Perhaps inferred big news which none of the panic sellers read and the buyers did. Wish I could open it

[Ricardo]

The ASX announcement I got is a pdf, so the link is just text, not a true link.
Just open your browser and type in the address - it works.
If I've done it right this should work.

Havn't read the doc yet - substantial
http://www.mme.gov.na/gsn/pdf/uranium.pdf

[STRAT]

quote:Originally posted by Ricardo

The ASX announcement I got is a pdf, so the link is just text, not a true link.
Just open your browser and type in the address - it works.
If I've done it right this should work.

Havn't read the doc yet - substantial
http://www.mme.gov.na/gsn/pdf/uranium.pdf
Thanks, I did that but due to the crap scan on the ASX I mistook the g for a q. Cheers for that

[etrader]

quote:Originally posted by Serpie

Drill results are still pending. Can't be far away!


Serpie:

So todays ann was just to the fact that DYL did not have JORC certified resources, is there still going to be an update about drilling resources ?

I took from the brief ann that was it, they said they were going to be doing studies which would take 12 to 18 months.

Can any one help clear this up

[luckysexice]

ye me too I have no idea what going on with the Namibia drilling results
If they dont release the result on Namibia drilling results soon there should be adjust on the share price

[Serpie]

Today's announcement, and the trading halt, related to the recently acquired Aussinanis prospect, which was only acquired by Deep Yellow 2 weeks ago.

The RC drilling programme results which everyone has been waiting for are from the Tubas prospect. On 22/05/07 DYL stated that the were sending the samples to the lab at the end of May.
The results of that programme haven't been released yet, but are due.

The events of the last couple of days have nothing to do with the drill results.

[etrader]

Awesome thanks for clearing that up Serpie.

We will now again wait for the results.


Good luck all that hold.

[Serpie]

No worries ET,
I haven't had a look at the link that DYL provided in their ASX ann, but I understand that it contains information about Aussinanis that will blow us away.
I'm no geologist, but I'll check it out, and scour the boards for others impressions, and report back to the class. Hopefully by the end of the weekend.
I did a quick buy / sell during the scramble yesterday, and picked up some beer money for the weekend, but I'm now thinking that I should've bought and held.
We have this latest information to digest, and the drill results still to come through, so I might try to pick up a few more on open on Monday morning.

[Oiler]

Serpie your a bloody legend in keeping the forum balanced and informed. I agree with you there is more to come with DYL although they do appear to have stuffed up there "announcements" over the last few days. Perhaps better to say, the lack of a clear communications.

I am going to ride this puppy to the end and like you may buy more on Monday.

[^]

[STRAT]

Thanks from me too Serpie. So why the trading halt and why the Suspension from Official Quotation?

[Serpie]

Just a theory, but:

The trading halt was warranted, due to the impotance of DYL's announcement regarding Aussinanis.

It appears that DYL sent their announcement to the ASX on time. The ASX flagged to the market that an announcement was due to be released at about 10.00am.
However the announcement was never released, and the ASX withdrew the ann flag.

We subsequently had a suspension, and DYL later confirmed that they had been in discussion with the ASX during the day.

We can only assume that the ASX didn't like the content of the announcement, and DYL spent the morning re-wording it.

So I don't think that DYL necessarily stuffed up. I think that they called a trading halt because they had big news. The ASX didn't like the format of the news, so pulled the pin at the last moment, and DYL had to water it down. They did, however, throw investors a bone with the report link, and it's up to us to interpret that for ourselves.

When they released the ann the market didn't understand it, and panicked.

A trading halt is for a specified period, where a suspension can be indefinate. A suspension also automatically wipes the buy/sell depth completely, which led to the "land grab" we saw on open.

And that, I believe, is how we got to where we are now.

How does that sound?

[STRAT]

That sounds about right to me and is similar to my assessment with a few more blanks filled in. I think the initial panic set off stop losses causing a domino effect. The only thing left out is, was there anything underhanded in the mix? I do love a conspiracy theory [:0] I do however think DYL stuffed up. For the market to get it that wrong the ann was clearly not clear enough. A little more attention to detail could have prevented the panic

[shasta]

Calm down folks, the Namibian drilling results are coming & will be worth waiting for.

This halt is just a mere distraction.

As you were...

[shasta]

quote:Originally posted by Serpie

No worries ET,
I haven't had a look at the link that DYL provided in their ASX ann, but I understand that it contains information about Aussinanis that will blow us away.
I'm no geologist, but I'll check it out, and scour the boards for others impressions, and report back to the class. Hopefully by the end of the weekend.
I did a quick buy / sell during the scramble yesterday, and picked up some beer money for the weekend, but I'm now thinking that I should've bought and held.
We have this latest information to digest, and the drill results still to come through, so I might try to pick up a few more on open on Monday morning.


I believe the ASX wanted further clarification on what DYL wanted to announce with regards to possible tonnage/grades etc.

This is perfectly normal for the ASX to do this, & i wouldn't see it as a negative at all.

I do wonder whether DYL had pressure to announce "something" yesterday, given we were expecting an announcement.

Interesting times on Monday! ;)

[cantab]

It sounds to me like DYL think they have struck gold with this newly acquired tenement but aren't allowed to say so.

A clue as to what happened with the ASX was that on June 1 DYL was required to re-release a presentation to Melbourne brokers removing the naughty bits relating to historic resource estimates that were non-JORC compliant.

[Serpie]

Agreed Cantab,
I've had a look at the available information, and can't add any intelligent, except to say that the mineralisation seems to be over a huge area, and is at very shallow depth.
With the increase in U price since the original exploration the economics of this prospect must now be very attractive.

[Halba]

theres a lot of heated ramping on this forum

the new tenement = low grades, extremely shallow deposit from the geological reports, doesn't look that attractive. The deposit is not WOW. Only 1-3m average thickness and some reported grades over 100g/t. neither do any of DYL's tenements have anything WOW. Just low grade calcretes. just holding in price because of pdn connection.

[Caesius]

Are you qualified to state that (in all seriousness) i.e. are you a geologist or have knowledge in this area? If yes, then good to finally have an interpretation into the results.

[steve fleming]

quote:Originally posted by Caesius

Are you qualified to state that (in all seriousness) i.e. are you a geologist or have knowledge in this area? If yes, then good to finally have an interpretation into the results.


Mate,you don't need to be a geo to work this out - its all in the report:

http://www.mme.gov.na/gsn/pdf/uranium.pdf

"The thickness of the ore body is between
1 and 2 m and occasionally up to 5 m
(Debaveye, 1981)."

"only 3 holes
intersected grades of higher than 100 g/t U3O8
(Linning, 1976)."

Hardly that special - though the 15km strike is very positive...but its going to take up to 18 months to JORC it.

It is amazing the number of people that invest in a company but fail to understand even a basic interpretation of the company's announcements - very dangerous investing IMO.

[Serpie]

Good points.

Should be careful not to let any underlying enthusiasm lead us to make assumptions that we hope are true.

Good luck to all holders.

[cantab]

Agree, that it's good to have balance. I'm no uranium expert and I haven't yet read the report and my initial comments were based on what the company had said, words like "material", so I'm pleased that steve fleming and halba have had a look at it. The thing that got me interested in DYL was when PDN spent $5m to up their stake. Why would they do that if DYL had cr@p tenements. Other than that I've got an open mind.

[shasta]

Hang on a minute folks.

Forget this new tenement for a second, & go read the Deep Yellow website on ALL there projects.

Then go listen to Dr Leon Pretorius on Boardroom radio.

They are raising funds shortly to fast track there Mt Isa & Namibia projects, the very reason Paladin are holding a blocking stake in DYL.

They have tenements close to DYL's & know the mineralisation potential of those areas.

If anyone is still in any doubt about DYL...

Go look up SMM, PDN & DYL & read about there Queensland projects...

PDN took out SMM because of that Vahalla (sp) project alone.

Guess whose right next door?

Stop the rubbish about ramping & do your research before posting on this thread.

[cantab]

You tell em Shasta :D

If Paladin think DYL are worth investing in then that's good enough for me.

[Sharp737]

Hey, what a great opportunity now. If they stay like this much longer, I'm in again :-)

[shasta]

Sharp737

With the Namibian drilling results STILL not released yet, yes you have more time to get onboard.

DYL have a small problem though, if the SP drops below <50c the rights issue isn't likely to raise the funds they need.

I just hope after the stuff up with the Trading Halt they handle the ann much better next time.

I still believe we will get the results by this Friday, if not I'll email the Doctor!

[Halba]

i suggest those considering dyl as a serious investment please consider that QLD is not allowing u mining and likely won't do so for the future

also anyone wanting to know dyl's other tenements, they are also available in that mme pdf document. They are all similar styles(tubas, tumas etc), long strike lengths, but very shallow orebodies and all carnotite calcrete. Lower grade than langer heinrich, most grades 200ppm. no depth potential. takes over a year to drill out. dyl is being valued on pdn connection only, not defined resources.

[SCHUMACHER]

As ive always believed, DYL is a speculative play(high risk) but more importantly is trying to control the Uranium market in Aussie and Namibia with the help of PDN.....DYL will have more chance than most of bringing their projects into production, why you may ask?....because they have more experience in their little finger combined than the rest of these so called wanna be U small cap companies.....
DYL will prosper in my view but it wont be this year or the next but will probably take 4 years from now to get to production....they still have alot of exploration and drilling programmes to complete...Uranium is our future and the 3 mines policy in aussie will eventually be overturned ....when who knows but it will eventually happen.....politicians understand that the market is much more powerful and global demand will eventually win........DYL management is the key ,so if you believe in that, you are on a winner
cheers Schu

[STRAT]

Nambia update is in

[slam]

quote:Originally posted by STRAT

Nambia update is in

Hi Strat
Yep but not allot really.
Had a quick glance, just flew a plane over the area as far as I can gather
Don't think it will help much

Cheers
slam

[STRAT]

quote:Originally posted by slam


quote:Originally posted by STRAT

Nambia update is in

Hi Strat
Yep but not allot really.
Had a quick glance, just flew a plane over the area as far as I can gather
Don't think it will help much

Cheers
slam
Agreed, the last paragraph is the most important one

[shasta]

I am appalled at DYL managements pathetic attempt to prop up the SP with a rushed piece of nonsense.

The ann says nothing & i'm seriously thinking of exiting, there is no excuse for such a delay & to insult your own shareholders with that rubbish, says it all.

[slam]

I'm out
Lost the faith, better ops out there imo

gta
Cheers
Slam

[luckysexice]

there is a Audio Broadcast going to be out soon hope it will push up the sp

[shasta]

Slam

I'm with you, i'm selling out today's ann was the last straw & reeks of deseparation.

Edited: Have withdrawn my sell order...not happy though :(

[Serpie]

Shasta,

Check your PM on SS

[slam]

49c
glad I pulled the pin at 51

Slam

[shasta]

quote:Originally posted by slam

49c
glad I pulled the pin at 51

Slam


Tried to bail at 50c & the SP dropped to 48c, reluctantly i pulled the bid [:0][B)]

[STRAT]

Looks like DYL will have to find another way to raise some cash. Cant see th 1 for 12 rights issue being a success. Recon plan B will mean even more dilution

[Serpie]

Don't forget that there is an opportunity for others to pick up any shortfall.

PDN have intimate knowledge of DYL's operations (Gillian Swaby is company secretary for both) and just 2 months ago bought 11M shares at around 48c.
PDN are also increasing their production capability at Langer Heinrich, which is about 50km away from DYL's holdings.

I suspect the SPP will be fully subscribed, and DYL will get their cash.

[shasta]

I won't be taking up any entitlements, if PDN want mine go for it!

[Serpie]

I missed out on the entitlement by one day, so I'm buying now. And more than 1 for 12.

[Phar King]

Go for it Serpe, you got yourself a bargain......To save on the cost of an Aussi cheque and all the hassle I'm just buying my 1/12 though normal channals as well, $3down on U..........big deal........holders will be rewarded

[STRAT]

quote:Originally posted by Phar King

Go for it Serpe, you got yourself a bargain......To save on the cost of an Aussi cheque and all the hassle I'm just buying my 1/12 though normal channals as well, $3down on U..........big deal........holders will be rewarded
Far King, Hell, you will probably be able to buy em for less on market tomorrow ;)

[Serpie]

RSI says it's oversold.

Only change in fundamentals over the last month is a doubling of their Namibian Resource.

Getting sold down on tiny volume.

Wait for the bounce.

All IMO only.

[shasta]

quote:Originally posted by STRAT


quote:Originally posted by Phar King

Go for it Serpe, you got yourself a bargain......To save on the cost of an Aussi cheque and all the hassle I'm just buying my 1/12 though normal channals as well, $3down on U..........big deal........holders will be rewarded
Far King, Hell, you will probably be able to buy em for less on market tomorrow ;)


I tend to agree with you Strat, i think DYL will end the week weaker

[STRAT]

Got caught with my pants down today. Went out after the ann, Shasta sells, Serpie buys. I will probably give myself a headache thinking about it and end up throwing em in the bottom drawer

[Sharp737]

Looking on the positive side (I did not sell mine and don't intend too short term), Namibia is still a good investment I think. And if there is any more weakness, what a time for PDN to aquire more cheaply. They must be thinking of this with their other processing plant now up and running nearby.

Sharp