Deep Yellow is an interesting company. You can view their latest company presentation here and their website can be accessed here.
John Borshoff, Managing Director / CEO of Deep Yellow is an experienced mining executive and geologist with more than 30 years of uranium industry experience. He spent more than a decade at the start of his career as a senior geologist and manager of the Australian activities of German uranium miner Uranerz. In 1993, following the withdrawal of Uranerz from Australia, Mr Borshoff founded Paladin Energy Ltd (Paladin). He built the company from a junior explorer into a multi-mine uranium producer with a global asset base and valuation of more than US$5 billion at its peak.
At Paladin, Mr Borshoff led the team that completed the drill out, feasibility studies, financing, construction, commissioning and safe operation of the first two conventional uranium mines built in the world for 20 years. He also oversaw numerous successful, large public market transactions including acquisitions and major capital raisings before leaving Paladin in 2015.
Mr Borshoff is recognised as a global uranium industry expert and has a vast international network across the uranium and nuclear industries, as well as the mining investment market. He has a Bachelor of Science (Geology) from the University of Western Australia and is a Fellow of both the Australian Institute of Company Directors and the Australasian Institute of Mining and Metallurgy.
His team at Deep Yellow are almost all ex-Paladin:
- Perth:
- John Borshoff * - Managing Director/CEO
- Gillian Swaby * - Corporate/Finance
- Ed Becker * - Head of Exploration
- Dr Andy Wilde * - Chief Geologist
- Ursula Pretorius - Financial Controller
- Namibia:
- Martin Hirsch - Exploration Manager
- Dr J C Corbin * - Senior Geologist-Specialist
* = Ex-Paladin Executive/Technical team.
All but 2 are ex-Paladin.
Skin in the game:
- John Borshoff owns 4.3% of the company - 8,378,021 shares
- Mr Rudolf Brunovs, DYL Chairman & Non-Executive Director, owns 11,488,107 DYL shares (5.9% of DYL)
- Ms Gillian Swaby, an Executive Director, owns 4,829,006 DYL shares (2.5%)
- Mr Christophe Urtel, DYL Non-Executive Director and current Group Head of Corporate Development for Anglo American, owns 16,856,647 DYL shares (8.6%)
- Mr Mervyn Greene, DYL Non-Executive Director, owns at least 29,546,667 DYL shares (15%) and - if Commsec is correct - as much as 55,483,833 shares (28.5% of VMY) - although I suspect they have counted some of his indirect holdings again in his direct holdings (or vice versa). Either way, Merv owns at least 15% of VMY.
Mervyn Greene is an experienced investment banker and entrepreneur who has been working in investment markets in Africa, Europe and the United States for more than 30 years. His most recent experience has focussed on private equity investment in a range of sectors, including property and he currently serves as Managing and Museum Director of EPIC - The Irish Emigration Museum - and is co-founder and Chairman of Dogpatch Labs, Ireland’s leading tech start-up hub. Both businesses are located in Dublin, Ireland.
From 1997 – 2005 Mr Greene was the London-based partner of Irwin Jacobs Greene, one of Namibia’s premier stockbroking, private equity and corporate finance advisory firms. Prior to this Mr Greene worked for investment bank Morgan Stanley in New York and London.
Mr Greene has a Masters in Mathematics and Bachelor in Engineering from Trinity College in Dublin. Mr Greene also has a Masters of Business Administration from London Business School.
Mr Greene was appointed to the Deep Yellow Board in November 2006 and was Chairman from August 2007 to August 2013.
For details about their other board members, click on their names (or faces) from this webpage.
For details of the suite of uranium assets they have assembled, check out the presso or their website (links at the top of this straw).
Disclosure: I hold DYL shares.
Warning: Very Speculative. You would want to be positive on the uranium price outlook to be investing in a company like this, and they are explorers and developers, not producers, so while they will most certainly benefit from a higher uranium price, they may not benefit as much as others who have infrastructure already in place and who are better positioned to start producing sooner.
