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AVL - Australian Vanadium

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YRR - Yellowrock

The long anticipated spin-off from GPN lists tomorrow, 10am.

GPN retain 69%, and the offer was oversubscribed ... should open well tomorrow .. taking GPN and GPNOA higher.

This could be a wild ride.

Cheers ... Dave
 
Re: YRR - Yellowrock

Brissydave said:
The long anticipated spin-off from GPN lists tomorrow, 10am.

GPN retain 69%, and the offer was oversubscribed ... should open well tomorrow .. taking GPN and GPNOA higher.

This could be a wild ride.

Cheers ... Dave
Click to expand...

Just to note it will open 12 o'clock sydney time. Looking good with the late spike in gdn today
 
Re: YRR - Yellow Rock Resources

Just to note it will open 12 o'clock sydney time
Click to expand...

Oh yeah, just realised the GPN announcement of yesterday timed the listing for 10am WDST ... ie Western Daylight Saving Time ... D'oh

Probably not the only one caught out as there was a fair amount of activity in the Buy and Sell stacks just on 10am EDST ....

Cheers ... Dave
 
Re: YRR - Yellow Rock Resources

What price were the shares in this.

Looks like it will open at about 80 cents!
 
Re: YRR - Yellow Rock Resources

kennas said:
What price were the shares in this.

Looks like it will open at about 80 cents!
Click to expand...

20 cents, people are jumping into gpn for a backdoor listing
 
Re: YRR - Yellow Rock Resources

Anyone know the market cap of GPN to try to determine the SP value of their YRR holdings?
 
Re: YRR - Yellow Rock Resources

Can't believe this, remember looking at prospectus ages ago and thinking what crap!

Mkt agreeded as IPO couldn't raise sufficient funds and was pulled, well 6months later it raises the funds and lists at 300% premium with the same assets ???????????????????


Oh well glad I'm a priority holder of SAU for their upcoming IPO as well as KOR
 
Re: YRR - Yellow Rock Resources

the barry said:
Yrr flying this morning.
Click to expand...
Careful not to pick the top. It hasn't dug a hole yet.
 
Re: YRR - Yellow Rock Resources

<<Yrr flying this morning.>>

And GPN who own 68% down 33% in last 2 days massive selloff from 7.3 c high.

Makes you think why GPN isn't rising in unison with YRR which is roughly 300% up on 2oc issue

Rob
 
Re: YRR - Yellow Rock Resources

Anyone following YRR announcement today?


Still 2.5 times issue price.

Might be worth a look in depth.

I dont hold.
 
Re: YRR - Yellow Rock Resources

YRR very low volume since march.

Its has been in a downward slope since listing 4 times its issue price.

The trades going through are only small at the moment.

Drilling is underway. Woouldnt mind some second opinions.

Just reckon theres a reason it opened at 80 cents, or was it due to the hype around uranium at the time....
 
Re: YRR - Yellow Rock Resources

Hey Ken dont know if your still watching this but been a bit of interest in the last couple of days (as well as in GPN who hold 69%). What caught my attention was the Gabanintha vanadium prospect near meekathara. Drilling for this was completed in early july so results should be in within the next few weeks you would imagine. Given the name of the company this may have been overlooked by many people as it got sold off like most other U stocks. There has been plenty of interest in the mid west region lately and any positive results could see this go for a little ride. I think they have other drill results form N.T uranium projects on the way too, so this could be a driver too. Have taken a small position will wait and see, definitely a spec play for me…

 
Re: YRR - Yellow Rock Resources

MC - $4.8m
SP - 1.5c
Shares - 319m
Options - 110m
Cash - $1.5m

KEY HIGHLIGHTS FOR THE QUARTER
● Geochemical Results provide 14 Drill Targets for elements including Copper & Gold.
● Yellow Rock secures new tenement immediately west of Gabanintha.
● Potential 500 to 800 million tonne magnetite target zone.
● Newly discovered Palaeo - Channels have been identified.

GABANINTHA SOIL GEOCHEMISTRY RESULTS
The soil sampling results are summarised below:
● The systematic sampling approach produced strong indicators for copper and gold mineralisation.
● Copper and gold potential drill targets were identified.
● There were significantly anomalous gold with coincident copper soil results in the extension to the historic Gabanintha copper-gold deposit.
● A high soil sample value of up to 2 g/t gold.
● A high soil sample value of 0.56% copper.
● 14 prospective targets were identified for drilling of multi-element anomalies (copper + gold + lead, with arsenic, and copper+ lead + arsenic + zinc with silver).
● 4 further prospective drill targets were identified for single commodity anomalies (gold; lead; silver).

YRR secured a new tenement immediately West of Gabanintha.
Modelling of the Gabanintha HELITEM survey data by Fugro Airborne Services Pty Ltd geophysicists produced results that support the securing of the adjoining tenement

Potential 500 to 800 million tonne magnetite target zone at Gabanintha
A newly discovered geophysical target zone has the potential to identify between 500 and 800 million tonnes of magnetite at Gabanintha
Modelling of the Gabanintha HELITEM survey data by Fugro Airborne Services Pty Ltd shows potential to prove up a much larger ore body than the current JORC Inferred and Indicated Mineral Resource of 125.8 million tonnes at average 32.26% Fe, 8.64% TiO2 and 0.70% V2O5
The Fugro model shows a strong continuation of the iron-titanium-vanadium deposit down dip to the west as well as parallel multiple iron-bearing formations in the hangingwall.
The data indicates a much larger volume of magnetic ore extending to greater depths than previously thought.
Grades are expected to fall into the range of the current JORC Mineral Resource of 23.12% to 43.14% Fe, 6.08% to 12.07% TiO2 and 0.43% to 1.03% V2O5
Further drilling is required to prove up the Fugro model
 

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Re: YRR - Yellow Rock Resources

Still hovering around the same price levels.
But small swings can translate to low-risk trades with substantial profits.



It seems Vanadium is the new Nickel
I'm buying; stop trailing at 1.8c
 
Re: YRR - Yellow Rock Resources

The latest announcement has me mystified:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01550985

If the appeal confirmed the Master's decision, how come the new call on partly-paid shares can proceed?
There must have been something in last Thursday's decision that lays down some additional rules, but none of that is explained in the announcement.

Anyway, it's good to have it behind us; maybe we can now get on with it and see some upside.



I'm still holding.
 
Re: YRR - Yellow Rock Resources


Still holding Pixel? Nice close on Friday.
 
On December 2nd, 2015, Yellow Rock Resources Limited (YRR) changed its name and ASX code to Australian Vanadium Limited (AVL).
 
Australian Vanadium has been on a nice little run recently, having more than doubled in the last couple of weeks.

Some good news was announced on 9 January regarding recent and ongoing metallurgical test work at the company's Gabanintha Vanadium Project near Meekatharra in Western Australia and that appears to be what has been the impetus for the run from around 2c to 4.6c.

I'm not quite sure how to interpret the announcement of 9 January but it seems the market liked it.

 
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