Toro walks away from $57m project option
Toro Energy has decided not to exercise an option to acquire Deep Yellow's Napperby uranium project in the Northern Territory, saying the $57 million price tag is too high.
The decision follows a farm-in agreement reached between both parties in 2007 when Deep Yellow negotiated for Toro to buy into the project for an upfront scrip cost of $2.3 million.
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BETA
Deep Yellow (DYL)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 283rd | Sierra Mining | -32% | -4% |
| 319th | Intermin Resources | -38% | -27% |
| 524th | MOD Resources | -63% | 21% |
| 568th | Deep Yellow | -69% | -39% |
| 605th | Mindax | -73% | -6% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Greg Cochran | 1,070,000 | ||
| Martin Kavanagh | 1,070,000 | ||
| Mark Pitts | 176,720 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 231st |  | Deep Yellow | $500k |
| 232nd | | MOD Resources | $210k |
| 233rd |  | Sierra Mining | $490k |
| 235th | | Mindax | $462k |
| 236th | | Intermin Resources | $460k |
572 WA listed resource companies ranked by revenue
Remuneration from Deep Yellow
| 202nd | Greg Cochran | $695k |
| 326th | Martin Kavanagh | $502k |
| 1060th | Mervyn Greene | $161k |
Ranked by total remuneration from all listed WA companies
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