Each one in plain English, with the numbers worked through for a shareholder.
15 Feb 2007farm in farm out agreement● Neutral
Toro Energy's own release on the Napperby deal: $2.3m in Toro shares to Deep Yellow, $750,000 a year minimum spend for three years, and an option to buy 100%. A final agreement is still to be completed. It repeats Deep Yellow's terms.
15 Feb 2007farm in farm out agreement▲ GoodMajor
Deep Yellow agrees terms to farm Napperby out to Toro Energy, which would pay $2.3m in Toro shares upfront, spend $750,000 a year for 3 years, and can buy 100% for roughly A$4.50-6.00/lb of agreed resource. The deal reverses the plan to drill Napperby further itself and is subject to due diligence and a binding agreement.
14 Feb 2007farm in farm out agreement▲ Good
Matrix confirms Deep Yellow will proceed with the 51% earn-in, with 21,459,541 shares to be issued by 28 Feb 2007 and $2.6m more to be spent by Feb 2009. It repeats Deep Yellow's announcement.
14 Feb 2007farm in farm out agreement▲ GoodMajor
Deep Yellow will take up its 51% interest in the Matrix NW Queensland JV, issuing 21,459,541 shares by 28 Feb and spending a further $2.6m by Feb 2009. It can then pay $3m for another 29%. The decision was partly driven by the Miranda results.
12 Feb 2007drilling result▲ GoodMajor
Miranda drilling hit 12 m at 960 ppm U3O8 and 3 m at 730 ppm, a broad iron-oxide-linked zone. Lochness was disappointing, with values only to 68 ppm. This resolves the pending Mt Isa assays: Miranda is the follow-up target, Lochness needs mapping first.
12 Feb 2007drilling result▲ Good
Joint venture partner Matrix Metals repeats Deep Yellow's Miranda and Lochness drill results and says they support uranium potential on its tenements. It restates the earn-in terms. No new results.
5 Feb 2007asset acquisition disposition▲ GoodMajor
Completes the Superior Uranium purchase, issuing 20 million shares (valued at 47.5c in the filing) to Superior Resources. Deep Yellow now holds the Queensland permits and 100% of Durong. Shares on issue rise to 975,433,692.
25 Jan 2007quarterly activities report● Neutral
December quarter report: cash is $25.3m after the $15.5m raising, and Paladin holds 11.29%. NE Arunta drilling found nothing significant and the licence is to be relinquished. Mt Isa drilling totalled 9 Lochness holes (774 m) and 2 Miranda holes; the Raptor purchase completed.
4 Jan 2007investor presentation● Neutral
Martin Kavanagh recorded an audio broadcast about the Superior Resources permit acquisition in NW Queensland. No new information in the notice.
3 Jan 2007asset acquisition disposition▲ GoodMajor
Deep Yellow agrees to buy Superior Uranium, holding four granted and two applied-for Queensland uranium permits, for 20 million shares. It also takes Superior's 10% of Durong, giving 100%. This builds a Mt Isa position of 1,060 km2 beyond the Matrix JV.
3 Jan 2007admin correction● Neutral
Clarifies the Superior acquisition is still subject to legal due diligence and final documents, expected in 3-4 weeks. Shares are expected to be issued late January or early February 2007. No new commercial terms.
22 Dec 2006security holder rights change● Neutral
Deep Yellow issues 7 million unlisted options to employees and contractors, half at 45c expiring Dec 2009 and half at 60c expiring Dec 2010, under the plan approved at the 30 November AGM. No directors take part. A staff incentive issue.
21 Dec 2006farm in farm out completion▲ GoodMajor
Deep Yellow issues 82 million shares at 13.5c as the second and final tranche for the remaining 49% of Raptor Minerals, completing the acquisition of the Namibian licences. Quoted shares rise to 955,433,697.
21 Dec 2006investor presentation● Neutral
Martin Kavanagh recorded an audio broadcast covering the Napperby resource, Mt Isa drilling, Namibia and the entitlement issue outcome. No new information in the notice.
19 Dec 2006capital raising announcement● Neutral
129.4m shares allotted at 12c, raising $15.53m, taking shares on issue to 873,433,692. Mt Isa drilling was stopped by bush fires after 7 Lochness holes and 2 Miranda holes; assays are not expected until February 2007.
What it means for a shareholder
129m new shares at $0.120 to raise about $15.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
18 Dec 2006capital raising announcement▲ GoodMajor
Entitlement issue closed with 92.9% of entitlements taken up, raising $14.42m at 12c. The 9.19m-share shortfall is placed with Paladin Resources, lifting the total to $15.53m. The issue was not underwritten.
13 Dec 2006resource reserve update▲ GoodMajor
First JORC Inferred resource at Napperby: 1.9 million tonnes at 360 ppm U3O8, or 670 tonnes (1.5m lb) contained, over 1 km of strike. It is about 20% above Uranerz's 1979 estimate for the same area. Upgrade to Indicated is under way.
30 Nov 2006agm notice● Neutral
All resolutions at the 2006 AGM passed, including Mervyn Greene's election, Dr Pretorius's re-election and option grants to directors. Routine administrative result.
27 Nov 2006farm in farm out completion● Neutral
Deep Yellow issues 92 million shares at 13.5c as the scrip for the first tranche (51%) of Raptor Minerals. Shares on issue rise to 744,045,966.
24 Nov 2006capital raising announcement▼ BadMajor
Supplementary prospectus discloses a threatened claim by Uranium Resources Plc over the Raptor acquisition, alleging Dr Pretorius breached duties as a former director. The company denies it. Earlier applications are refunded; the issue now closes 13 December.
21 Nov 2006capital raising announcement● Neutral
Confirms entitlement issue prospectuses were mailed on 21 November; closing remains 6 December. Administrative.
17 Nov 2006capital raising announcement● Neutral
Entitlement issue closing date extended to 6 December because the shareholder base grew about 20% after the prospectus, requiring more copies to be printed. Pricing and record date are unchanged.
8 Nov 2006capital raising announcement● Neutral
Indicative timetable for the entitlement issue: record date 15 November, closing 1 December 2006. Administrative notice with no new substance.
3 Nov 2006capital raising announcement● NeutralMajor
Prospectus lodged for a 1-for-5 non-renounceable entitlement issue of up to 130.4m shares at 12c, raising up to $15.65m, closing 1 December. Mervyn Greene is proposed as a new non-executive director.
What it means for a shareholder
130m new shares at $0.120 to raise about $15.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
30 Oct 2006joint venture update● Neutral
Partner Matrix announces Deep Yellow's Lochness drilling in the Mt Isa joint venture should start early November 2006, about 2,000 m of holes to 120 m depth. Miranda drilling is planned this field season. Repeats the quarterly report.
27 Oct 2006quarterly activities report▲ Good
September 2006 quarter: Namibian merger announced, with a 1-for-5 entitlement issue at 12c to raise up to about $15m. A JORC resource has been commissioned for the Napperby block, and early Western Gawler airborne surveys identified palaeochannels. Mostly repeats known facts.
16 Oct 2006investor presentation● Neutral
Re-notice of the 13 October audio presentation after technical problems with the link. Administrative; no new information.
13 Oct 2006business combination▲ GoodMajor
Deep Yellow agrees to buy Raptor Minerals, holding 2,622 km2 of Namibian uranium licences near Langer Heinrich, for A$2.58m cash plus up to 174m shares (about A$26m). A 1-for-5 entitlement issue will fund it. Old resource estimates are not JORC-verified.
13 Oct 2006investor presentation● Neutral
Notice of an audio presentation by Martin Kavanagh on recent drill results and the Namibian merger. No new information in the notice itself.
9 Oct 2006drilling result▲ GoodMajor
Final Napperby results (262 holes) continue to show higher-grade channels. A JORC resource for the 1,000 x 600 m block will be commissioned once duplicate and shoulder assays are in, the step that failed with 2005 drilling.
