(Sharecast News) - Specialist uranium investor Yellow Cake reported a decline in the value of its holdings during the quarter ended 31 December on Tuesday, reflecting a drop in the uranium spot price.

Consequently, Yellow Cake expects to report a net asset value decline for the third-quarter. Estimated NAV per share was 5.90 pence at December 31 versus 6.17p at September 30, down 4.4%.

In 2011, a CNN crew gained access to the Libya facility and filmed the stored "yellow cake" uranium ... 2.5 tons of natural uranium in the form of UOC (uranium ore concentrate) previously declared ...