HLX - Helix Resources

[Uncle Festivus]

hello all,
I would be interested too if anybody did get some info from calling up the company & getting some info, as would the ASX & ASIC I presume. Has anybody actually talked to any of the directors yet. I would expect they are bound legally not to disclose any market sensitive info before it is made public through an ASX announcement.

There is also a strange anomaly with the share price as it is still 17.5c. Why isn't it much higher?.

 

[Absolutely]

Festivus, this is indeed a suspicious anomoly.

 

[constable]

It seems the charts are backing up the fundementals on this one. I will be trying to get in next week if it's not already too late but am happy to swop some going nowhere 28c BMX for your 15.5c HLX. One for one swop... a bargin!! (for me) .

Ive got a bmx already thanks

 

[dj_420]

spoke with mick wilson (exploration manager). he stated that HLX is meeting with AQA this week. AQA sp has risen substantially since their qtrly, where as HLX has not.

i think a lot of people have not fullly digested the contents of that qtrly as we have:

- iron ore JV (if it is substantial deposit 100 - 200 million tonnes then AQA will definately want to fast track its development. that size resource will not just sit there.)

- gold JV (should see upgrade for tunkillia soon, as yt pointed out just the figures alone for this project put sp at 64 cents.)

- uranium JV with toro (drilling is yet to start, however there is huge tenement) in addition it has been pointed out that uranium explorers with little or no results (surface samples and the like) have market caps of 3 - 5 times what HLX is.

AND HLX MARKET CAP IS 17 million!!! crazy!

market is slowly catching on. IMO i would expect to see very little downside from here. depth has increased and someone is happily accumulating at 17.5 in this mornings trade.

 

[YOUNG_TRADER]

hello all,
I would be interested too if anybody did get some info from calling up the company & getting some info, as would the ASX & ASIC I presume. Has anybody actually talked to any of the directors yet. I would expect they are bound legally not to disclose any market sensitive info before it is made public through an ASX announcement.

Uncle,

The directors are not disclosing insider info or anything like that, if you are a shareholder and you read HLX's Qtrly, than as I was, you may be a little confused as to whats happening with the Iron Ore and Gold projects,

ie I thought Gold upgrade was around the corner, and further Iron Ore work was way off, but the qtrly suggest otherwise,

So you are more than entitled to ring them up and query whether you have correctly understood the qtrly,

DJ I got the same response,

 

[sydneysider]

Hanging on the bid at 17.5 with few sellers. HLX is outrageously cheap at these levels.

 

[marklar]

Hanging on the bid at 17.5 with few sellers. HLX is outrageously cheap at these levels.

It does look good for a top-up, maybe when my cheque from IAG's SPP turns up I'll grab some more...

m.

 

[dj_420]

i dont know why this one hasnt broken out yet. based on fundamentals this price is insanely cheap.

- 2 - 300 mt of iron ore (30% free carried)
- 1 million ounce gold (25% free carried)
- JV Toro 25 km paleochannel uranium bearing (drilling should start on these targets in next month or so. toro have also stated that these are the better targets)

toro market cap 53 million, yet half of their tenements are in JV with HLX whose market cap is 17 million.

uranium exp companies that have a exp tenement or surface samples have market caps between 3 - 5 times what HLX is.

in addition to the iron ore, companies like TFE have around 15 million tonnes i believe and market cap of 37 million.

in comparison HLX/AQA may prove up 2 - 300 million tonnes.



has anyone spoken to some broker type people who believe that this stock is grossly undervalued.

 

[stoxclimber]

well if the market realised the value in every stock you wouldnt be able to buy it cheap!

 

[dj_420]

hahah to true. if the market was perfect then no-one would make any money as stocks would be valued exactly as they should be.

well ill just keep topping up at these levels! lol

just have to wait for market to come to us!

 

[YOUNG_TRADER]

has anyone spoken to some broker type people who believe that this stock is grossly undervalued.

Yeah there was this guy, some young guy, called himself a trader, used to go on and on about this stock and how grossly undervalued it was, I wonder what happened to him :

 

[sydneysider]

i dont know why this one hasnt broken out yet. based on fundamentals this price is insanely cheap.

- 2 - 300 mt of iron ore (30% free carried)
- 1 million ounce gold (25% free carried)
- JV Toro 25 km paleochannel uranium bearing (drilling should start on these targets in next month or so. toro have also stated that these are the better targets)

toro market cap 53 million, yet half of their tenements are in JV with HLX whose market cap is 17 million.

uranium exp companies that have a exp tenement or surface samples have market caps between 3 - 5 times what HLX is.

in addition to the iron ore, companies like TFE have around 15 million tonnes i believe and market cap of 37 million.

in comparison HLX/AQA may prove up 2 - 300 million tonnes.



has anyone spoken to some broker type people who believe that this stock is grossly undervalued.

Opportunity to buy more. Tunkilla is not 25% but 49% to HLX on both the gold and gold copper targets and the seperate U deal with Toro. Minotaur has a very good presentation on their web-site about the Tunkilla gold play and lots of data on the deeper gold copper targets. A lot of folk do not realise that this drilling is on big targets and is about 150-200 kms due West of Olympic Dam and a shorter distance South of Prominent Hill.

Toro has generate data on their various u targets in the Gawler Craton and the paleochannels and five radiometric targets are by far the biggest targets in Toro's tenement list (see their web-site). There are no other stocks in South Australia that literally value their U targets at a nil value.

 

[dj_420]

although there is volume on market depth this one is very slow trading. i cant help but think that this had made some holders impatient and someone sold down holdings earlier to 16 cents.

cannot believe this one has been overlooked. we need some ann re iron ore to help market wake up.

has anyone tried calling company again re:

- gold upgrade
- iron ore drill results
- toro jv

 

[happytown]

This just posted from THE_ABYSS on the Uranium - raging bull thread:

"Reading the Toro Company overview released today they comment that they want to develop a producing mine and that the fastest method will probably be via acquisition (page 37). The $64 question is acquire who? Any thoughts?"

Will this douse the U enthusiasm expected from HLX/TOE JV? (at least in the short term)

And is this indicative of the possible dangers inherent in reliance on JV's as SP boosters - ie when the JV partner has, understandably their own interests at the fore (particularly as is the case it would appear with HLX - nice prospects but reliant on JV partners).

I don't hold HLX - yet.

cheers

NB - I should mention that I have not read the "Toro company overview released today" referred to by THE_ABYSS above.

 

[YOUNG_TRADER]

Surprised no one else saw,

HLX Director bought 100k @ 17.5c

Good sign as this is near the peak of price, is he expecting good news, I know we are

 

[YOUNG_TRADER]

No thoughts re Director buying yesterday???

 

[deftfear]

To me that would indicate that there is no immediate news on the horizon, possibly not good for the stock short term as if any news was released soon, that would be classed as insider trading wouldnt it?

 

[TheAbyss]

My finger is on the button ready to buy more as soon as the volume picks up YT. We all know the fundamentals look great.

A director jumping in at a premium says one of two things. Either he is very confident or not the sharpest knife in the drawer. My money is on the former.

 

[j4mesa]

Reminds me of the director of ZFX who also bought shares in ZFX..........

Either the news will be soon be ann or not, it seems to be a good news or else the director would not want to have an exposure to the share ,isn't it ?

 

[happytown]

That would be the director Gordon Dunbar, appointed as such, on the 18/07/06 and described in the company announcement of that day as, inter alia:

"... a consulting geologist with forty years experience in the Australian minerals industry managing project development, mineral exploration and evaluation programmes, mine geology, financial studies, production assessment and monitoring joint venture projects.

Gordon’s experience includes exploration and mining geology roles at Kambalda with WMC, the evaluation of the Golden Grove base metal deposit in WA, the Chief Geologist at Rosebery Mine in Tasmania and management roles with BP Australia undertaking financial studies, monitoring the evaluation of the Olympic Dam deposit and as Exploration manager for BP Minerals.

...".

Yesterday's announcement, so far as I am able to ascertain, is his first purchase of stock in the company, more than 6 months on as a director (and a director with all that experience) - he bought 100k shares - and now owns a grand total of 100k shares in the company.

Most of you own more than that and I dare say he has more knowledge of the industry and the company in particular than all of us.

Having said that and in spite of his small holding in the company I would agree that the timing, bearing in mind all that you have discussed about the future possibilities of this company, is the most interesting component of the announcement.

The previous most recent change of director's interest notice was given on 07/12/06 by Greg Wheeler and described under the nature of change as:

"On market trade during Corporate Governance “trading window” for Directors"

HLX would appear to have a good regime in place regarding potential director trading in shares and perceived conflicts that may arise therefrom.

I agree that HLX is potentially a very interesting little resource company which as yet I still do not have a commercial interest in.

cheers