HLX - Helix Resources
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Wow, some bigspender just bought 14 shares at .175. 
I certainly noticed the first on market purchase of hlx shares by this director,also thought it mighty significant the timing of the first purchase.Easy money for this bloke too in my opinion.
Cant wait for the massive re rating of this monster to occur.
Cant wait for the massive re rating of this monster to occur.
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ok i see a number of things from this chart.
originally we had a trading channel from 12 - 14.5 cents. this was followed by breakout on volume to break into a higher trading channel.
resistance from this breakout has been found at 18 - 19 cents. the breakout to this higher level has seen the new support of 14.5 cents tested twice and held.
now at these new levels i would like to see the sp close above 17 cents and form some support around here.
to breakout higher again we need a break above 18 cents and to close above 18 cents on a number of occasions before clearing the final level of resistance of around 20 cents.
this could be achieved by any number of pending ann for HLX
- tunkillia gold upgrade
- iron ore drill results
- jv with toro start drilling
sorry mistake on chart, the old support should be pointing to 12 cents.
cheers
originally we had a trading channel from 12 - 14.5 cents. this was followed by breakout on volume to break into a higher trading channel.
resistance from this breakout has been found at 18 - 19 cents. the breakout to this higher level has seen the new support of 14.5 cents tested twice and held.
now at these new levels i would like to see the sp close above 17 cents and form some support around here.
to breakout higher again we need a break above 18 cents and to close above 18 cents on a number of occasions before clearing the final level of resistance of around 20 cents.
this could be achieved by any number of pending ann for HLX
- tunkillia gold upgrade
- iron ore drill results
- jv with toro start drilling
sorry mistake on chart, the old support should be pointing to 12 cents.
cheers
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I always use past performance as a possible guide for the future,
On 7th Dec 06 ann came out director bought 274,000 shares on 6th Dec 06,
On the 11th Dec 06 ann came out about the Discovery of Iron Ore Channel
Thats 3 TRADING DAYS LATER
So given that and the fact that they just met with MEP and the fact that Director paid near peak ie 17.5c, didn't try and get it at 16c or 16.5c I'd say expect an update soon
I reckon By next Friday ie 5 days AT THE LATEST
Thats my call
On 7th Dec 06 ann came out director bought 274,000 shares on 6th Dec 06,
On the 11th Dec 06 ann came out about the Discovery of Iron Ore Channel
Thats 3 TRADING DAYS LATER
So given that and the fact that they just met with MEP and the fact that Director paid near peak ie 17.5c, didn't try and get it at 16c or 16.5c I'd say expect an update soon
I reckon By next Friday ie 5 days AT THE LATEST
Thats my call
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What do others think re my thoughts Director buying?
Also I'm looking at KAL's performance today, the mkt is lapping that potential valuation given to the Noresman project yet its only
29Mt@1.3g/t Au = 1.2Moz's Au and thats spread over 4 deposits, its not as shallow and funding will be a major issue!
Kal has 105m shares + 50m 20c options + 10m unlisted options and it has the above gold project and management who were willing to sell their substantive Uranium Portfolio to BYR for next to nothing!
HLX has a smaller share
A similar style gold project which is shallower and thus easier to mine, a much higher grade being nearly 2x thus more profitable and with the revised JORC Yet to come will be of either similar or larger size anda GUARANTEED FUNDING ROUTE VIA MEP DEVELOPING THE PROJECT
And then there's the Iron Ore
And not to forget the Uranium
Also I'm looking at KAL's performance today, the mkt is lapping that potential valuation given to the Noresman project yet its only
29Mt@1.3g/t Au = 1.2Moz's Au and thats spread over 4 deposits, its not as shallow and funding will be a major issue!
Kal has 105m shares + 50m 20c options + 10m unlisted options and it has the above gold project and management who were willing to sell their substantive Uranium Portfolio to BYR for next to nothing!
HLX has a smaller share
A similar style gold project which is shallower and thus easier to mine, a much higher grade being nearly 2x thus more profitable and with the revised JORC Yet to come will be of either similar or larger size anda GUARANTEED FUNDING ROUTE VIA MEP DEVELOPING THE PROJECT
And then there's the Iron Ore
And not to forget the Uranium
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YOUNG_TRADER said:
There are 70,000 left at 17.5 cents
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i agree yt, crazy!
more bids building. i dont know how lid can be kept on this long, BUT the longer we consolidate the better base of support we build around this level.
more bids building. i dont know how lid can be kept on this long, BUT the longer we consolidate the better base of support we build around this level.
$17500 is probably not a big deal to this director and only god knows his motives for buying!!YOUNG_TRADER said: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
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Thought it was about time for an update on assesment given recent changes
HLX
Share structure
100m shares + 25m 14c 31/3/07 opeis,
15c Mkt Cap = $18.75m
20c = $25m
25c = $32m
30c = $37m
35c = $44m
Projects
Tunkillia Gold, HLX is 49% Free Carried by MEP, OXR has taken an option to earn 25% as well, if the project stakes up OXR have expressed their desire to purchase it outright as with Prominent Hill
This is the jewel in the crown,
JORC stands at 10.5Mt@2.2g/t = 730k oz's Au
However this is a 18month old JORC that HLX outlined, MEP has been drilling away for the past 12-18months and a new JORC is due out soon, the new JORC will probably be 15Mt@2.5g/t = 1.34 Million oz's Gold
Cap Ex is estimated to be $30m - $50m for a 1Mtp.a. or 2Mtp.a. plant
Cash operating costs are estimated at $400 oz which at a current AUD spot of $800 oz provides some very nice cash flow figures
NPV of project
Assumptions:
Resource = 730k oz's
Margin = Estimated to be $400/oz but use $300/oz to be safe
Cap Ex = $50m
730k oz's @ margin of $300oz = $220m less Cap Ex -$50m = $170m
Net to HLX = $170m x 49% = $80m = 64c HLX
Clearly alot of potential here and the most important factor that seperates HLX from other speccies is that a Proven Development company MEP are doing all the hard work to get the project going, thus funding is not going to be an issue, also as OXR has a back door option to buy into the project it spices things up a little. so its only a matter of time.
EXPECTING JORC UPGRADE WITHIN 2 MONTHS (expecting 75% increase to resource)
Glenburgh 100% Gold, W.A.
JORC 1.1Mt@3.1g/t = 110,000 Oz's Au, they're targeting a minimum 500k oz resource for a stand alone project
Lake Everard HLX 49% TOE (Toro) 51% Searching for uranium
S.A. part of Tunkillia area
Recent surveys by Toro Outlined several huge anamolies, they will be drill tested by a massice 1000 Hole Campaign in March/April
Yallen 30% Free Carried by API, Pilbara W.A.
The drilling confirms a mineralised
zone of 2.7km x 900m, up to 30m thick and grading
up to 60% Fe.
2700x900x30 = 73m Cubic Metres Ore
Now over at the YML thread gringokonyo and camaybay established that 1cubic metre ore = 4 tonnes
73m Cubic Metres = 292mt Ore grading say 58% Fe
Expect an update within the next 1 month as diamond drilling has been completed and results released by AQA but not HLX
Summary
This truly is one of the last few undiscovered GEM's, previously only Tunkilia provided true fundamental value, but now we can add Yalleen to the list as AQA/API JV are determined to get into production ASAP and will fully fund development if need be.
The U grounds around Tunkilia provide HUGE SPEC UPSIDE!
Another JMS in the making, just a matter of time.
HLX
Share structure
100m shares + 25m 14c 31/3/07 opeis,
15c Mkt Cap = $18.75m
20c = $25m
25c = $32m
30c = $37m
35c = $44m
Projects
Tunkillia Gold, HLX is 49% Free Carried by MEP, OXR has taken an option to earn 25% as well, if the project stakes up OXR have expressed their desire to purchase it outright as with Prominent Hill
This is the jewel in the crown,
JORC stands at 10.5Mt@2.2g/t = 730k oz's Au
However this is a 18month old JORC that HLX outlined, MEP has been drilling away for the past 12-18months and a new JORC is due out soon, the new JORC will probably be 15Mt@2.5g/t = 1.34 Million oz's Gold
Cap Ex is estimated to be $30m - $50m for a 1Mtp.a. or 2Mtp.a. plant
Cash operating costs are estimated at $400 oz which at a current AUD spot of $800 oz provides some very nice cash flow figures
NPV of project
Assumptions:
Resource = 730k oz's
Margin = Estimated to be $400/oz but use $300/oz to be safe
Cap Ex = $50m
730k oz's @ margin of $300oz = $220m less Cap Ex -$50m = $170m
Net to HLX = $170m x 49% = $80m = 64c HLX
Clearly alot of potential here and the most important factor that seperates HLX from other speccies is that a Proven Development company MEP are doing all the hard work to get the project going, thus funding is not going to be an issue, also as OXR has a back door option to buy into the project it spices things up a little. so its only a matter of time.
EXPECTING JORC UPGRADE WITHIN 2 MONTHS (expecting 75% increase to resource)
Glenburgh 100% Gold, W.A.
JORC 1.1Mt@3.1g/t = 110,000 Oz's Au, they're targeting a minimum 500k oz resource for a stand alone project
Lake Everard HLX 49% TOE (Toro) 51% Searching for uranium
S.A. part of Tunkillia area
Recent surveys by Toro Outlined several huge anamolies, they will be drill tested by a massice 1000 Hole Campaign in March/April
Yallen 30% Free Carried by API, Pilbara W.A.
The drilling confirms a mineralised
zone of 2.7km x 900m, up to 30m thick and grading
up to 60% Fe.
2700x900x30 = 73m Cubic Metres Ore
Now over at the YML thread gringokonyo and camaybay established that 1cubic metre ore = 4 tonnes
73m Cubic Metres = 292mt Ore grading say 58% Fe
Expect an update within the next 1 month as diamond drilling has been completed and results released by AQA but not HLX
Summary
This truly is one of the last few undiscovered GEM's, previously only Tunkilia provided true fundamental value, but now we can add Yalleen to the list as AQA/API JV are determined to get into production ASAP and will fully fund development if need be.
The U grounds around Tunkilia provide HUGE SPEC UPSIDE!
Another JMS in the making, just a matter of time.
I’ve been following this thread lately and from the (mostly) positive posts, it really feels as though the sp is about to rise very strong and fast anytime now. I’m not saying that the opinions of those contributing to this thread are similar to the other investors/traders of HLX, but from what’s been said, I think there’s no denying that at current prices, people have a great opportunity here.
I don’t hold HLX but I think I will very soon. I know that we must do our own research etc etc but there are a few posters in this thread that I consider to be very credible and am always eager to read what they have to say. I even feel like helping out this thread by calling and asking the director, as a ‘curious’ investor, several questions, in the hope of adding more pressure to releasing an announcement.
Another thing, has anyone thought of sending in an email to David Haselhurst, the renowned ‘Speculator’, who’s column features in The Bulletin? I say this because he is all for readers sending analysis and reasons to buy a stock into him, in the hope of investing in ‘undervalued small companies that are completely off the radar screens of big stockbrokers and professional investors’. I’m not suggesting a whole bunch of you barrage his inbox with ‘please add HLX to your Portfolio asap’ etc, but perhaps one of you could organise to write up a serious, in-depth analysis of HLX. I’d be more than happy to get his email for whoever is interested. But I strongly recommend it, as a way of letting a huge audience aware of HLX’s potential.
This week, David added Admerex (ADL) to his Portfolio, and the ADL sp has risen 81% in the past three days! All this thanks to a reader (and share analyst) that sent in a well written analysis of the company, including a net asset backing price – which showed the company to be more than 50% undervalued. Which makes me think, there are a lot of you who think HLX is easily more than 50% undervalued. So I think that if one of you can build a strong enough case, David will have a serious look at HLX.
Cheers,
scsl
I don’t hold HLX but I think I will very soon. I know that we must do our own research etc etc but there are a few posters in this thread that I consider to be very credible and am always eager to read what they have to say. I even feel like helping out this thread by calling and asking the director, as a ‘curious’ investor, several questions, in the hope of adding more pressure to releasing an announcement.
Another thing, has anyone thought of sending in an email to David Haselhurst, the renowned ‘Speculator’, who’s column features in The Bulletin? I say this because he is all for readers sending analysis and reasons to buy a stock into him, in the hope of investing in ‘undervalued small companies that are completely off the radar screens of big stockbrokers and professional investors’. I’m not suggesting a whole bunch of you barrage his inbox with ‘please add HLX to your Portfolio asap’ etc, but perhaps one of you could organise to write up a serious, in-depth analysis of HLX. I’d be more than happy to get his email for whoever is interested. But I strongly recommend it, as a way of letting a huge audience aware of HLX’s potential.
This week, David added Admerex (ADL) to his Portfolio, and the ADL sp has risen 81% in the past three days! All this thanks to a reader (and share analyst) that sent in a well written analysis of the company, including a net asset backing price – which showed the company to be more than 50% undervalued. Which makes me think, there are a lot of you who think HLX is easily more than 50% undervalued. So I think that if one of you can build a strong enough case, David will have a serious look at HLX.
Cheers,
scsl
Hi all
I bought into this one yesterday.
I also baught some options at .037c yesterday, looked to good not to buy.
I am pretty new to options. I notice that they expire on the 31 March 07. How do I take up the options, and how long does it take?
Love the analysis Young_Trader.
Regards
Ned
I bought into this one yesterday.
I also baught some options at .037c yesterday, looked to good not to buy.
I am pretty new to options. I notice that they expire on the 31 March 07. How do I take up the options, and how long does it take?
Love the analysis Young_Trader.
Regards
Ned
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Alot of options got bought this morning, looks like someone wants them opies!
SCSL I tried to email David @ Bulletin twice and both times my email didn't go through,
If you want to get me his email address I'd love to forward him my analysis, on HLX
Cheers
SCSL I tried to email David @ Bulletin twice and both times my email didn't go through,
If you want to get me his email address I'd love to forward him my analysis, on HLX
Cheers
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HLX Technical Analysis
Long Term
HLX began a long-term downtrend in 2002. During 2002 – 2003 the share price trended sideways and made an attempt to break the trend. In the beginning of 2004 the share price resumed its downtrend until 2007 when the share price crossed the long-term downtrend.
Here a number of technical indicators point to the long-term trend reversal. From November 2006 the volume has picked up significantly. During the month of October the MACD crossed over as well as simple moving average (indicative of trend reversal) and well as the slow stochastic indicated that the stock had been oversold.
For confirmation of the long-term downtrend to be broken I would like to see the share price break 20-cent barrier and form a new base of support there. The stock has historically had resistance around this area.
In the long-term chart I believe there are three significant areas for the share price to breach. These three areas show the upwards potential for the share price. These are areas that the share price will encounter resistance. The areas are 20-cents, 30-cents and 40-cent areas.
Long Term
HLX began a long-term downtrend in 2002. During 2002 – 2003 the share price trended sideways and made an attempt to break the trend. In the beginning of 2004 the share price resumed its downtrend until 2007 when the share price crossed the long-term downtrend.
Here a number of technical indicators point to the long-term trend reversal. From November 2006 the volume has picked up significantly. During the month of October the MACD crossed over as well as simple moving average (indicative of trend reversal) and well as the slow stochastic indicated that the stock had been oversold.
For confirmation of the long-term downtrend to be broken I would like to see the share price break 20-cent barrier and form a new base of support there. The stock has historically had resistance around this area.
In the long-term chart I believe there are three significant areas for the share price to breach. These three areas show the upwards potential for the share price. These are areas that the share price will encounter resistance. The areas are 20-cents, 30-cents and 40-cent areas.
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Medium term
On the yearly chart we see that HLX has been in a medium term downtrend since April 2006. Mid June there was an attempt to break the downtrend that failed to break and continued its trend until Oct 2006.
Oct 2006 showed us some great technical indicators of a trend reversal. One day in particular (noted by red arrow) saw a significant rise in price, which broke the downtrending trend line. In addition to this the MACD crossed over which is also an indicator of trend reversals. The 21-day SMA line was also crossed. The slow stochastic was also indicating that the stock had been oversold.
The stock then confirmed the trend reversal and resumed its uptrend. This reversal came about from both a technical and fundamental perspective. Fundamentally the company was making large grounds on development of its projects. On a technical analysis we saw a number of technical indicators which when combined indicate a trend reversal.
I see the medium term resistance level at 20 cents, which was the yearly high and was the point when the stock began its medium term downtrend in April 2006.
On the yearly chart we see that HLX has been in a medium term downtrend since April 2006. Mid June there was an attempt to break the downtrend that failed to break and continued its trend until Oct 2006.
Oct 2006 showed us some great technical indicators of a trend reversal. One day in particular (noted by red arrow) saw a significant rise in price, which broke the downtrending trend line. In addition to this the MACD crossed over which is also an indicator of trend reversals. The 21-day SMA line was also crossed. The slow stochastic was also indicating that the stock had been oversold.
The stock then confirmed the trend reversal and resumed its uptrend. This reversal came about from both a technical and fundamental perspective. Fundamentally the company was making large grounds on development of its projects. On a technical analysis we saw a number of technical indicators which when combined indicate a trend reversal.
I see the medium term resistance level at 20 cents, which was the yearly high and was the point when the stock began its medium term downtrend in April 2006.
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Short Term
On the short-term chart it shows a number of things. Firstly when the medium term down trend was broken the share price was hitting resistance at 12 cents. There was a number of larger volume days followed by a large white candle which broke that resistance and pushed the share price into a higher trading channel of 12 – 14.5 cents.
The share price then trended within this new trading channel until 24th January when large volumes again broke the 14.5 cents resistance and pushed into a higher trading range. It is at this point the share price has encountered resistance around 18 and 19 cents mark. The share price has made five attempts at breaking 18-cent barrier but has failed to close above these areas.
The share price has showed some support around the 17-cent mark but I would like to see the share price close above this region for a few more days to start building support. From here the share price can gather strength and break the all-important 18-cent and then 20-cent mark (which from charts has been a long term and medium term resistance area).
Short term downside risk I put support levels at 14.5 and 12-cent areas. Volume has also stayed up following the recent breakout from 14.5-cent region.
MACD and 21 day SMA both crossed around 22nd – 24th January indicating upward trends were resuming. Share price retraced following breakout however strong support was found indicated by dragonfly doji and share price was pushed back up to current levels again.
On the short-term chart it shows a number of things. Firstly when the medium term down trend was broken the share price was hitting resistance at 12 cents. There was a number of larger volume days followed by a large white candle which broke that resistance and pushed the share price into a higher trading channel of 12 – 14.5 cents.
The share price then trended within this new trading channel until 24th January when large volumes again broke the 14.5 cents resistance and pushed into a higher trading range. It is at this point the share price has encountered resistance around 18 and 19 cents mark. The share price has made five attempts at breaking 18-cent barrier but has failed to close above these areas.
The share price has showed some support around the 17-cent mark but I would like to see the share price close above this region for a few more days to start building support. From here the share price can gather strength and break the all-important 18-cent and then 20-cent mark (which from charts has been a long term and medium term resistance area).
Short term downside risk I put support levels at 14.5 and 12-cent areas. Volume has also stayed up following the recent breakout from 14.5-cent region.
MACD and 21 day SMA both crossed around 22nd – 24th January indicating upward trends were resuming. Share price retraced following breakout however strong support was found indicated by dragonfly doji and share price was pushed back up to current levels again.
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Some truly excellent Tech analysis there DJ,
I'd say when/if we email David it should be a group effort, I'll send my Fundamanetal Analysis along with others who feel they can add to it, then the techies like DJ and Kennas can send their Tech views through
Again DJ thanks for the work
I'd say when/if we email David it should be a group effort, I'll send my Fundamanetal Analysis along with others who feel they can add to it, then the techies like DJ and Kennas can send their Tech views through
Again DJ thanks for the work
Sean K
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Sorry YT, too much tequila still to be drunken.... :bier: LOLYOUNG_TRADER said:
And, great work DJ. Looks like I can I hang up my charting boots now...
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lol kennas
im just keeping the charts warm for when you get back
im just keeping the charts warm for when you get back
