Each one in plain English, with the numbers worked through for a shareholder.
25 July 2014capital raising announcement● Neutral
89,013,543 shares at 1.7c ($1,513,230) were allotted from the entitlement issue, taking shares on issue to 1,708,965,890. The 113.1m shortfall shares are still to be placed. Paladin remains top holder at 18.67%.
What it means for a shareholder
89.0m new shares at $0.017 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
23 July 2014capital raising announcement● NeutralMajor
The entitlement issue closed with applications for 89,013,543 shares at 1.7c, raising $1,513,230, about 44% of entitlements. The remaining 113,118,169 shortfall shares are still to be placed by directors. This is well under the $3.4m maximum.
What it means for a shareholder
89.0m new shares at $0.017 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The entitlement issue closing date is extended two weeks to 18 July after shareholder requests. New shares are now due on 25 July. Price remains 1.7c and the target is about $3.4m.
Appendix 3B for 2,910,980 shares issued at nil price on vesting of performance rights under the Awards Plan. Total quoted shares become 1,619,952,347. Routine administrative issue.
Offer booklet for the 1-for-8 entitlement issue at 1.7c was dispatched to shareholders on 16 June, for up to $3,436,212. The offer closes 4 July. Administrative; terms unchanged.
Notice letter to shareholders on the entitlement issue, sent 6 June, restating the terms: up to 202,130,171 shares at 1.7c, maximum $3,436,212. Offer closes 4 July. No new information.
What it means for a shareholder
202m new shares at $0.017 to raise about $3.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The entitlement issue price is revised to 1.7c from 1.65c to comply with ASX pricing rules, lifting the maximum raise to about $3.4m. Ratio and timetable are unchanged. Discount to 30-day VWAP is now 27.9%.
An in-house analysis concludes Omahola is better suited to heap leach than tank leach. The 45.1 Mlb resource (250 ppm cut-off) will be re-evaluated at a lower cut-off, likely 100 ppm, and deeper MS7 drilling is justified. This confirms the heap leach direction flagged in earlier quarterlies.
4 June 2014capital raising announcement● NeutralMajor
Deep Yellow offers a 1-for-8 non-renounceable entitlement issue at 1.65c to raise up to about $3.3m, a 29.8% discount to the 30-day VWAP. Funds are mainly for Tubas Sand drilling and a pre-feasibility study by end of 2014. Major shareholders have indicated support.
A scoping study by DRA prefers producing a sand concentrate from Tubas Sand for sale to an existing Namibian producer, at under US$25/lb U3O8 before transport. Pre-feasibility and feasibility study could finish by mid-2015, funding and market permitting. The MD called current uranium prices unattractive.
Tubas Sand resource restated to JORC 2012 at 34 Mt at 170 ppm for 12.7 Mlb, down from 28.4 Mlb Inferred. It covers the best third of the area at a higher 100 ppm cut-off, with 32% now Indicated. Further drilling could add to it.
Half-year report to 31 December 2013 restates the period's activity: licence renewals, the 15 alaskite targets, Omahola pit optimisations and the start of the Tubas Sand study. Omahola resource unchanged at 45.1 Mlb. Australian assets still being divested.
ASX queried a rise from 3.0c to an intraday 4.4c. The company knew of no undisclosed information, and said the Shiyela partner process is ongoing but unlikely to be the cause. It pointed to Japanese nuclear energy policy comments and a broad uranium sector rise.
The three Nova JV licences (EPLs 3668, 3669, 3670) were renewed for two years, with area cut 24% to 989 hectares. DYL manages them for partners Toro and Sixzone. It intends to search for high grade alaskites there using the new target study.
24 Oct 2013capital raising announcement● NeutralMajor
The Share Purchase Plan closed with applications for 48.3m shares, raising A$965,900, below the A$1.5m target (75m shares) at 2 cents. Shares on issue rise to 1,611,995,847. The directors say they are very pleased with support.
What it means for a shareholder
75.0m new shares at $0.020 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Link to an audio broadcast of the Managing Director's Africa Down Under conference presentation. No new company information in the announcement itself.
Share Purchase Plan offered to existing shareholders at 2 cents per share, a 15% discount, up to A$15,000 each. Directors aim to raise up to A$1.5m (75m shares) for Namibian work including Omahola testing and target follow-up. Closes 18 October.
What it means for a shareholder
75.0m new shares at about A$0.020 to raise about A$1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Offer booklet for the 2-cent Share Purchase Plan, with terms, conditions and foreign-shareholder notices. Closes 5pm Perth time on 18 October 2013, with shares allotted 23 October. Supporting document to the plan announced the same day.
2013 Annual Report restates known results: Omahola 45.1 Mlb, Tubas Sand 28.4 Mlb, column leach over 80%. States a strategy of becoming a uranium producer in 2016, and that Australian assets are slated for divestment. Tim Netscher is listed as a director.
Link to a Boardroom Radio interview with the Managing Director at the Africa Down Under conference about the prospectivity analysis results. No new information in the announcement itself.
Africa Down Under conference presentation on exploration potential, restating the Omahola focus (45 Mlb) and the plan to divest Australia. Shows 1,562.8m shares, 4.0c price, about A$3.3m net cash. Mostly known facts.
Prospectivity study of Namibian licences identified 15 alaskite-type uranium targets, 6 high priority, against a goal of at least 10. It completes the exercise running since earlier this year; ground radiometric surveys have begun. No drilling yet, so these are targets only.
The unmarketable parcel facility, put in place earlier this year to help small holders sell, has been terminated. The company cites the state of capital markets and likely ultimate returns to shareholders.
Link to a Boardroom Radio interview with the Managing Director on the June quarterly report and the Namibian licence renewals. No new company information in the announcement itself.
30 July 2013regulatory community update▲ GoodMajor
Namibia renewed three exploration licences (EPLs 3496, 3497, 3499) for two years, the third renewal. Omahola and Tubas Sand sit on EPL3496. The licence area was voluntarily cut 29% to 189,752 hectares.
Conference presentation by the MD restates the Omahola focus (45.1 Mlb, target 50 Mlb then PFS) and the plan to joint venture non-core projects and divest Australia. Shows 1,562.8m shares, 4.3c price and about A$3.9m net cash. Repeats known facts.
Executive pay and board fees cut a further 5% for at least six months, on top of last year's 10%. No MD bonus for FY2013. The Perth office is cut to three people and will move to smaller premises. Stated reason: weak uranium sector.
1 July 2013director officer appointment● NeutralMajor
Tim Netscher, a director since earlier in 2013 and Gindalbie Metals managing director, will become Chairman on 1 September 2013, succeeding Mervyn Greene, who stays as a non-executive director. The board had wanted a Perth-based chairman.
