HLX - Helix Resources

[Jimminy]

Correct me if I'm wrong, but couldn't we be being played for fools here?
Someone or a group buy about $100K-$200K worth of shares a few days ago, do their stuff on a couple of forums then dump at a nice profit.
Probably not the case here but I just wonder how much it gos on.

That highlights to me that perhaps you have bought on rumour and reading forums.

If you have not researched your investment you have every right to feel nervous as what you have suggested can and does happen.

I suggest you sell quickly - to me. :

 

[Dr Doom]

Correct me if I'm wrong, but couldn't we be being played for fools here?
Someone or a group buy about $100K-$200K worth of shares a few days ago, do their stuff on a couple of forums then dump at a nice profit.
Probably not the case here but I just wonder how much it gos on.

OTC, very likely. You just have to find a bigger fool . Some of the 'chatter' on the forums since the last ann is based on pure speculation and arbitary price targets, which usually constitutes ramping according to ASF rules, some is based on actual figures & projections from those figures, which is OK .

But untill the next ann the price is always open to manipulation, conjecture & speculation, we just have to take advantage of it.

 

[dj_420]

OTC, very likely. You just have to find a bigger fool . Some of the 'chatter' on the forums since the last ann is based on pure speculation and arbitary price targets, which usually constitutes ramping according to ASF rules, some is based on actual figures & projections from those figures, which is OK .

But untill the next ann the price is always open to manipulation, conjecture & speculation, we just have to take advantage of it.

ok so the technical and fundamental analysis that has been put forward here is ramping??? IMO the research and analysis done has been quite thorough.

you find me a company with better projects with market cap of 20 million and i will buy into it

 

[Dr Doom]

ok so the technical and fundamental analysis that has been put forward here is ramping??? IMO the research and analysis done has been quite thorough.

you find me a company with better projects with market cap of 20 million and i will buy into it

dj read my entire post & then comment "eg some is based on actual figures & projections from those figures, which is OK". Tech Trader has put forward prices of 25c & 30c based on what?. Under the ASF rules this is ramping. As for posts like YT's I don't have any trouble at all. AGAIN, I am not denigrating this company, some posters are getting a bit caught up in the moment I think.

 

[dj_420]

ok my apologies i thought you were saying the analysis that was done has been ramping.

 

[Out Too Soon]

Snicker! : , just thought I'd see who bit first & hardest.
Partly sour grapes on my part as I'm often too late & then sit & watch the rise & too often the fall afterwards. It does go on though & Dr Doom is right when he says "take advantage of it".

 

[greggy]

What HLX should do to boost the share price further is to float off its uranium assets. At the moment HLX still seems very undervalued despite the strong rise.
DYOR

 

[Dr Doom]

Snicker! : , just thought I'd see who bit first & hardest.
Partly sour grapes on my part as I'm often too late & then sit & watch the rise & too often the fall afterwards. It does go on though & Dr Doom is right when he says "take advantage of it".

OTS I couldn't help myself either Let's get the ramping in sync at least

 

[Trend Trader]

dj read my entire post & then comment "eg some is based on actual figures & projections from those figures, which is OK". Tech Trader has put forward prices of 25c & 30c based on what?. Under the ASF rules this is ramping. As for posts like YT's I don't have any trouble at all. AGAIN, I am not denigrating this company, some posters are getting a bit caught up in the moment I think.

Apologies for ramping, I never read the rules, I trade 90% using TA and the projections given were based on likely resistance points, and the comment was made in reference to possible upcoming announcements. If people wish to buy on this basis and not research themselves then they will get burnt.
I am not caught up in the moment, only stated ta on HLX.

Traders caught in the moment are trading on emotion, and these are the ones who will sell at a small loss in profit, or buy not wanting to miss out. They have no plan and no understanding for possible price movement up or down and the reasons for the changes. These are the ones to take advantage of as you say

Again apologies to those offended.

 

[sydneysider]

Apologies for ramping, I never read the rules, I trade 90% using TA and the projections given were based on likely resistance points, and the comment was made in reference to possible upcoming announcements. If people wish to buy on this basis and not research themselves then they will get burnt.
I am not caught up in the moment, only stated ta on HLX.

Traders caught in the moment are trading on emotion, and these are the ones who will sell at a small loss in profit, or buy not wanting to miss out. They have no plan and no understanding for possible price movement up or down and the reasons for the changes. These are the ones to take advantage of as you say

Again apologies to those offended.

There are a lot of fundamentals to back up a very bullish prognosis. Aquila AQA is HLX JV partner at West Pilbara where AQA has drilled on part of an EMS target and discovered an ancient paleochannel filled with iron ore grading around 60%. The area that has been identified is 2.7 kms long and 800m wide. The target is about 5 kms long and abuts another AQA lease on the Eastern side of HLX claim block. AQA says that the channel also crosses into their solely owned property. Robe River Mesa J which is a massive deposit currently mined by Rio at about 33 million tonnes per annum is about 25 kms to the NW and sits on a line of channel deposits that run in a line to the boundary of the HLX lease. These deposits contain billions of tonnes of resources in various catagories and were the orginal leases operated by Robe River. This ore is all pisolitic and was first mined by Cliffs some thirty years or more years ago. There are a number of EMS targets that then follow across the HLX property. The paleochannels filled with iron ore from ancient weathered Mesa's and IMHO IF the area is filled with these features along a strike line of paleochannel iron ore deposits it is a reasonable speculative assumption to assume that the 25kms of strike line that runs across the HLX lease is a prime target for more deposits. AQA has said that they are looking at a number of targets along this HLX controlled strike line (some of the EMS targets are very large based on my limited review of data found in the HLX quarterly). AQA has stepped up its exploration on this lease based on the very favorable results that they have already obtained. The first news about this property only hit the market in mid December and is now drawing a lot of speculative buying into HLX. IMHO this will continue as more results are forthcoming. A major find will have very substantial upside for HLX as AQA is very actively developing major iron ore resources in the area for a very large scale development.

 

[YOUNG_TRADER]

Some very good research there,

Thanks for the info

There are a lot of fundamentals to back up a very bullish prognosis. Aquila AQA is HLX JV partner at West Pilbara where AQA has drilled on part of an EMS target and discovered an ancient paleochannel filled with iron ore grading around 60%. The area that has been identified is 2.7 kms long and 800m wide. The target is about 5 kms long and abuts another AQA lease on the Eastern side of HLX claim block. AQA says that the channel also crosses into their solely owned property. Robe River Mesa J which is a massive deposit currently mined by Rio at about 33 million tonnes per annum is about 25 kms to the NW and sits on a line of channel deposits that run in a line to the boundary of the HLX lease. These deposits contain billions of tonnes of resources in various catagories and were the orginal leases operated by Robe River. This ore is all pisolitic and was first mined by Cliffs some thirty years or more years ago. There are a number of EMS targets that then follow across the HLX property. The paleochannels filled with iron ore from ancient weathered Mesa's and IMHO IF the area is filled with these features along a strike line of paleochannel iron ore deposits it is a reasonable speculative assumption to assume that the 25kms of strike line that runs across the HLX lease is a prime target for more deposits. AQA has said that they are looking at a number of targets along this HLX controlled strike line (some of the EMS targets are very large based on my limited review of data found in the HLX quarterly). AQA has stepped up its exploration on this lease based on the very favorable results that they have already obtained. The first news about this property only hit the market in mid December and is now drawing a lot of speculative buying into HLX. IMHO this will continue as more results are forthcoming. A major find will have very substantial upside for HLX as AQA is very actively developing major iron ore resources in the area for a very large scale development.

 

[constable]

I dont know if anyone was watching (of course you all were) but the last half hour of trade has certainly proved some price credibility.

 

[Jimminy]

Constable - am watching - volume up quite a bit.

 

[falcon55]

so what happened to HLX in 1997?

25c to 4 dollars, and then back down to 25c in less than a year

 

[happytown]

... and then you could hear a pin drop

cheers

 

[Accaeric]

BCN traded as low as 17c before it hit 67.5c

I do believe every dog has his own day
Excellent fundamentals give me faith in HLX. Both of increase of directors' holding and technical break of 20c props up share price.

Just be patient then we are well rewarded

 

[TheAbyss]

so what happened to HLX in 1997?

25c to 4 dollars, and then back down to 25c in less than a year

Refer to DJ's posts on the 9th Feb within this thread for answers to this question.

 

[YOUNG_TRADER]

BCN traded as low as 17c before it hit 67.5c

And hardly anyone saw its upside at 17c/18c

I am expecting an announcement to be out br Friday at the latest, if not we need to badger the company for an update re AQA Iron Ore,

How can they not release AQA's findings of such a huge channel?

As frustrated as I am with management, this is exactly what I encountered with JMS, I tired and tried to put their management in touch with peeps at Resource Stocks and other Analysts as well as brokers but they weren't interested in hearing it, instead they did there own thing but eventually they made it work,

I get the feeling that HLX may be up to something big as was JMS hence their reluctance to communicate etc etc just like JMS

Time will tell

 

[happytown]

what chance that HLX or AQA are in the serious sights of the chinese based, generally, on this SMH story yesterday and posted by spottygoose on the JMS thread:

" Chinese look at iron ore projects
Source: SMH
February 14, 2007

BAOSTEEL Group, China's largest steelmaker, and rival Wuhan Iron & Steel are seeking to invest in iron ore projects in Australia to secure supplies to meet rising demand.

"We are looking closely at potential iron ore projects," Zhang Yong, Baosteel's Australian investment manager, said in an interview before a mining conference that began in Perth this week. Wuhan is in talks to take a stake in a $2.6 billion iron ore project, said its manager for iron ore purchases, Dai Jianqiu.

Demand for steel in China, the world's largest producer of the alloy, is forecast to grow 8.4 per cent a year until 2010 as the nation builds more skyscrapers, cars and home appliances. Australia last quarter had about $5.95 billion of iron ore projects approved or under construction.

"Chinese steel producers are investing in Australian iron ore mines in order to secure supplies for their rapidly growing steel industry," said Rohan Kendall, an analyst at the Australian Bureau of Agriculture and Resource Economics.

Chinese companies are studying more than 15 minerals and energy projects in Australia worth $10 billion, Henry Wang, a senior investment commissioner at the Australian consulate-general in Shanghai, said last week.

The Australian Government wants Chinese companies to build ports and processing plants in Australia, not just invest in mines, Mr Wang said.

Five straight years of price increases have driven Chinese companies to seek to bankroll alternative suppliers in Australia, which shipped $7.3 billion of the ore to China last year."

cheers

 

[Kauri]

"We are in talks with Citic Pacific to join them in their iron ore project in Western Australia," Wuhan's Dai said Thursday. The Hubei Province-based Wuhan Steel is China's fifth-biggest steelmaker by 2006 output.

Hong Kong-based Citic Pacific's Cape Preston iron ore project was named a major project by the Australian government in December. Citic, a unit of China's biggest state-run company, last month awarded a $1.1 billion contract to China Metallurgical Group to develop the mine.

"So far, we've not decided on a specific project," Baosteel's Zhang said Feb. 8. Shanghai-based Baosteel formed a joint venture with Rio Tinto Group's Hamersley Iron unit in Western Australia in 2002, according to Hamersley's Web site.

Mining companies and officials from China and Australia will be among those attending the Asia-Pacific Economic Cooperation's third meeting of mining ministers being held this week in Perth, the capital of Western Australia state. Miners will discuss commodity supply and demand, and infrastructure constraints, Louise Dodson, a spokeswoman for the Minerals Council of Australia, said Thursday.

The countries represented at the meeting, including the United States, Canada and Japan, account for more than 70 percent of global consumption of coal, iron ore and tin.

The Australian government wants Chinese companies to build ports and processing plants in Australia, rather than just invest in mines, said the consulate's Wang.

Anshan Iron & Steel Group, China's third-biggest steelmaker, is investing in Gindalbie Metals' 1 billion dollar mining project in Western Australia. Sinosteel, China's second-largest iron ore trader, has signed an agreement to study the development of a 1.5 billion dollar iron ore project with Midwest and also has a joint venture with Rio Tinto in Australia.