DYL 1.04% $1.46 deep yellow limited

namibian mine getting close

  1. 205 Posts.
    The Company announcement this morning is better than I first thought. I now think DYL is further advanced with Inca and Tubas than the market or I realised/hoped.
    Normally the announcement of a new Executive from a shareholder view point is only of moderate interest, however on careful reading this appears to be a very signicant announcement. Firstly the background of the new person, Pieter Niemann, is high calibre, ex BHP Billiton and Rio Tinto where he was involved with the Rossing Uranium Mine for 7 years as Manager of Business Development and Technical Services doing "feasibility studies and the development and implementation...including design,erection and commissioning of new process systems." This led to a 10 year extension to the open pit operations!!
    This guy appears to be a blue chip investment and is not joining just to do plans. Look at his comment on page 2... "The Company believes that,( the Namibian projects)..grade, size and location make them very worthy deposits to progress with minimal risk and I am looking forward to driving them to development and production as soon as practically possible."
    Phew, that's exciting and in the usual DYL style very underplayed. You wouldn't call them a marketing organisation, information given out is low key and factual with little fanfare. This announcement in my opinion is big, its signalling developments are perhaps closer than we think, good way for me to end the financial year!!
 
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