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Business Description: Deep Yellow Limited (DYL) is a uranium exploration company. Its focus is in Namibia, where exploration is conducted by its 100% subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). DYL's JORC Mineral Resource inventory now totals almost 114 Mlbs U3O8, with over 101 Mlbs U3O8 in Namibia.
Strategy Analysis: The company's enduring strategy is to become an established international uranium supplier with a focus on development through exploration of a number of potential world class uranium deposits. Given a dramatic increase in the prognosis for market demand of uranium by the World Nuclear Association, DYL has identified an opportunity to be a leading contributor in a rapidly expanding industry, expected to see an enormous growth in output over the next 20 years. DYL will continue to make significant strategic decisions to focus activity and effort on major projects in defined geographical areas where the company can build bases to support further exploration activity. DYL is aiming to transition from an advanced exploration company to a development company with a target of becoming a uranium producer in 2013-14.
Deep Yellow reported positive cash flow of $3.42m for the quarter ended 31 December 2012. Operating cash flow for the period was $(2.72m). Payments for exploration and evaluation were $(2.09m). Investing cash flow was $33,000. Financing cash flow was $6.11m. Cash in hand at the end of the quarter was $7.17m.
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