YML - Yilgarn Mining

[KIWIKARLOS]

Things have certainly quietened down after this mornings flurry of excitement, could be a small late run.

I must say this car boyd report is very late

 

[gringokonyo]

According to that computershare list - I'll be equal 20th . I'm in for the long haul, so no worries about me selling . I see an early retirement with this holding .

 

[YOUNG_TRADER]

I actually hope Carr Boyd doesn't come out until next week, I don't like Pump and Dump traders, rather they were taken out pre Carr Boyd, I much prefer solid lt holders who will see Carr Boyd and realise the Long Term potential and that this is only the begining

 

[INORE]

I agree YT...and on the back of the strength even before pre-car boyd announcement, I almost feel like doing some more topping up with anything in the 30's range...

 

[Mozart56]

Is this a question Mozart56? Bit confusing with the 'It was"

If not, then how did you find this information?

Sorry - it was a question. They dumped a similar volume this time last year, and I was intrigued as to why they appear on the top 20 register 3 separate times. Just speculating that it could be a fund rather than a single investor

 

[KIWIKARLOS]

It will be interesting to see if large trades go through after the bell again today.

I would love to see a late run to mid 40's to set it up for a stella announcement. One things for sure if there is no news come friday arvo people might load up on spec of a monday morn announcement

 

[Fool]

Why would you say that people will speculate that the announcement is coming on monday?

For all anyone really knows, the announcement could be months away still?

 

[KIWIKARLOS]

Because it is already two weeks overdue if it was going to be months away surely they would have to provide some feedback and the only reason it would be that late would be because of new information coming to hand or some other unforseen circumstance.

There was a late run after the bell yesterday if there is another today there is a good chance there will be another on friday.

 

[3 veiws of a secret]

I have a feeling that the pre-open buying tomorrow will be big,

And 3 Views I will be very surprised if Carr Boyds NPV is less than $150m, YML can earn up to 90% of that = $135m that would = $1.70ish

Plenty of upside mate,

And Marilliana, I've gone on and on about it but just wait and see, by the end of this year I expect Marilliana to have taken YML to $1+

Yes Yes Yes Young Trader,I realise the positives ,I just felt the forum where running tooooo fast with the positives. Thank you for the consolations ,our shares are in the safe deposit ,rest assured.

I got in today from work just gone past 1500hrs -pleasant suprise in seeing 42 cents being the high.What's making me sit up and ponder is the slow build up,and on the surface YML is purring perfectly along . Time for a shower

 

[Fool]

Director's change of interest ann just came out then.

Am I reading it correctly that he's just transferred some of his stock to his super fund ?

Maybe to lower taxable income, but no big deal ?

 

[Mozart56]

Because it is already two weeks overdue if it was going to be months away surely they would have to provide some feedback and the only reason it would be that late would be because of new information coming to hand or some other unforseen circumstance.

There was a late run after the bell yesterday if there is another today there is a good chance there will be another on friday.

I just wish they would post an announce to at least say _when_ the announce is. These loose comments like "early May" seem to create jitters and stress for all. It's early May now, so if they at least made an announce that said.. "late next week" we could all sit back and relax awhile! The suspense is killing me!

 

[ALFguy]

I just wish they would post an announce to at least say _when_ the announce is. These loose comments like "early May" seem to create jitters and stress for all. It's early May now, so if they at least made an announce that said.. "late next week" we could all sit back and relax awhile! The suspense is killing me!

I suspect they don't know themselves yet as the scoping study is with Barminco and it is they who indicated early May. I wonder how much work YML will have to do following receipt of this before that can make the announcement.

There's likely to be a fair bit of information on carr boyd coming through soon; the scoping study, re-assessment of the resource from recent drilling, and the metallurgic testwork for a possible ore off-take agreement.

I too am hoping this will be in a few days time so the last days t1-2's bugger off

 

[explod]

Director's change of interest ann just came out then.

Am I reading it correctly that he's just transferred some of his stock to his super fund ?

Maybe to lower taxable income, but no big deal ?

The Director is smart, new tax rules for super come in on July 1st and if he is past 60 and can draw small pension then there is no capital gains tax within super fund and drawdowns are tax free also. Could mean that no meaningful announcment will come till after that date. In this business patience is required. If you know you are on a good stock then sit tight and do something else in the meantime. I believe a bit of ramping has been going on of late within this thread. Overall the volume is low which indicates a lack of institutional interest. I took some profits today with just a small interest remaining so that I stay alert for a real move whenand if it comes.

JMHO and any resemblances to fact may be coincidental

 

[gringokonyo]

Under the Agreement, Yilgarn can earn up to 90% equity in stages:
(i) 51% upon expenditure of $3,500,000 by 30 June, 2009.
(ii) 75% upon expenditure of a further $2,500,000 (but subject to an election by ANM to contribute once Yilgarn has earned 51%).
(iii) 90% upon expenditure of a further $1,800,000 (but again subject to elections to contribute by ANM).
Should Yilgarn earn a 90% interest, ANM’s 10% interest will revert to a 1% NSR royalty and Yilgarn will assume 100% equity in the project.

What does this mean to Yilgarn potentially owning 100% of the Carr Boyd nickel project? I'm not sure what is meant by the condition 'subject to elections to contribute by ANM'. Also, what's an NSR royalty?

 

[YOUNG_TRADER]

First off guys I can't believe that everyones like yeah "YML did ok today" considering the stock is so thinly traded I think the fact that the 1mil order was cleared is a very very positive thing

Secondly relax, so its Early May and the report isn't here yet, the delays are plaguing every single resource stock, its not YML's fault like Alf said its with Baraminco so just be a little bit patient

Thirdly what you should be curious about is when work will begin on Mariliana JORC now that is something I'd like to see move along

Finally Gringokonyo, ANM was taken over by CSM and CSM aren't really interested in this project so its safe to assume that they won't elect to contribute and instead YML will end up with a 100% interest subject to a 1% NSR Royalty, exactly like AED/NWE

a 1% NSR Royalty means that ANM (CSM) is entitled to recieve 1% of gross cashflows as its Net Smelter Revenue Royalty

BMN and SRK weren't built overnight (and niether was Rome for that matter

 

[gringokonyo]

First off guys I can't believe that Finally Gringokonyo, ANM was taken over by CSM and CSM aren't really interested in this project so its safe to assume that they won't elect to contribute and instead YML will end up with a 100% interest subject to a 1% NSR Royalty, exactly like AED/NWE

a 1% NSR Royalty means that ANM (CSM) is entitled to recieve 1% of gross cashflows as its Net Smelter Revenue Royalty

BMN and SRK weren't built overnight (and niether was Rome for that matter

thanks YT. By the way, you haven't included the Cobalt value in your fundamental analysis for Irwin Coglia. It's priced at $31 US per pound - about $37AUD. The 20M tonnes x .12% x 40% gives about 9,600 tonnes (21,120,000 pounds) for YML. That's not too shabby as additional value on top of the 80,000 tonnes nickel. Also, I think the last quarterly report says they pulled out of the mineral sands JV. I greatly appreciate the amount of work you put into these analysis, I reckon you're certainly helping plenty of people to make decisions on sound facts rather than pie in the sky stuff (sort of like my gravity analysis/conclusion below).

Personally I'm a bit surprised that Carr Boyd has attracted so much interest. I bought YML because of Marillana. That gravity survey of the the tenement south of the BHP railway shows red/brown areas that are about 16 times the size of the red/brown zone where the 30MT have been found (note that the 30MT was only in half of that MG1 zone with it open to the remainder of that zone). I'm gambling that those red/brown zones will reveal iron-ore strikes because there are a couple of HI pre 2006 drill collars within those zones. I don't think YML would have included them as potential strike zones if the previous results were negative. I leave it to others to look at that survey and come to their own conclusions.

If I'm right about the gravity survey I believe that there's potentially 480million tonnes based on the depth average of the 30MT zone. If I'm totally wrong, then there's still the 30MT. If I'm half right, there's 240MT which is still fantastic. I hope I'm totally right though!

 

[YOUNG_TRADER]

Hey Gringokonyo, its great to see others crunching hard facts and making comments

Re Irwin Hills I know theres just so much money to be had in this company

Carr Boyd and eventually Irwin Hills will be excellent Cash cows generating I sh-it load of cashflow

Marilliana provieds some excellent 3-6mmonth fundamentals to look forward to, the intial drilling is being done to confirm up the JORC, I don't think they're doing any extension drilling just yet

That being said 30Mt@57%Fe isn't too shaby

GWR has a JORC 50Mt@61%Fe and its mkt cap is $200m

Long Term I expect around 200Mt@55-60%Fe to be firmed up at Marilliana

 

[gringokonyo]

YT, happy to contribute where I can without being seen to be ramping. I've only got 4 specs in my portfolio (YML, AGM, RDS and PBT) with YML holding about half $ wise -so, I've checked and double checked and can only come to the same conclusion as yourself - there's a sh-tload of money that can be made from these guys. I'm a longterm holder 12mths+, so it will be this time next year when I'll be looking to see whether I need to exit with a significant profit (and early retirement!). Surely there'll be significant additional info on Marillana and Irwin Coglia by then.

I've been promoting YML to friends and family as potentially offering a huge share price increase, so any failure will have greater consequences than just a financial loss!

Fingers crossed that Carr Boyd lives up to expectations.

 

[nomore4s]

YT, happy to contribute where I can without being seen to be ramping. I've only got 4 specs in my portfolio (YML, AGM, RDS and PBT) with YML holding about half $ wise -so, I've checked and double checked and can only come to the same conclusion as yourself - there's a sh-tload of money that can be made from these guys. I'm a longterm holder 12mths+, so it will be this time next year when I'll be looking to see whether I need to exit with a significant profit (and early retirement!). Surely there'll be significant additional info on Marillana and Irwin Coglia by then.

I've been promoting YML to friends and family as potentially offering a huge share price increase, so any failure will have greater consequences than just a financial loss!

Fingers crossed that Carr Boyd lives up to expectations.

You're game. I refuse to give friends and family direct advice to buy a share, seen it all go horribly wrong.
From what I've read about this stock, it looks pretty good. The chart is starting to look good for holders (blue circle), it may fill the the gap up from yesterday though this maybe healthy imo (the green circle) (provided no annoucements come out to send the sp skyward). The only concern from TA view is the macd, maybe getting a bit overbrought/overextended & alot of divergence. Good vol lately.

Good luck to holders, another YT special.

Forgot the chart

 

[gringokonyo]

You're game. I refuse to give friends and family direct advice to buy a share, seen it all go horribly wrong.
:

Yeh, it's not something I'd normally do, but I always do put in the disclaimer that they do their own research and that I can't guarantee it will succeed. Fundamentals for YML do look rock solid but you never know when that resources bust is around the corner.

So far this morning the market in general is red, so interesting to see how many shares get dumped.