HLX - Helix Resources

[moses]

I ran about 25 spec stocks through the Neilson Smart Money Indicator today and HLX stood out as the *only* stock that was consistently being bought by smart money and ignored by speculators. Most significantly the recent price rise is purely driven by smart money. So...I'm tipping that this stock will rocket when the scumbag speculators like us discover it. :

Interestng that HLX has not budged yesterday or today. Still under the larger speculators radar I presume? And presumably getting a better bargain by the day?

Or is it a question of why waste good money today on a sleepy stock?

Maybe its just the Moses factor...

 

[YOUNG_TRADER]

Ok guys have been wanting to post about HLX for awhile but haven't as its been in a downtrend, well I think its bottoming out and will re-rate soon,

Before I begin I should point out that what I saw with JMS 7c -20c and GOP 9c - 20c (Check the threads and the charts) I see with HLX so if you interested in a 100% + upside stock before considering Fundamentals read on,

HLX has 100m sahres and 25m 14c 31/3/07 opeis,

@ current prices mkt cap is $9m
@ 20c (my inital target) mkt cap is $25m (still not demandng)

HLX hax 3 main projects

Tunkillia S.A.
This is the jewel in the crwon, discovered back in the late 90's this Gold deposit was set to become the next Olympic Dam, promptly rocketing HLX from the few cents to $2+ (like AUM/CDU) however further drilling revealed it wasn't a multi billion dollar deposit, this combined with lower gold price in 2000 led to project being put on back burner,

JORC stands at 10.5Mt@2.2g/t = 730k oz's Au

Now whats changed is that HLX farmed Minotaur (MEP) into Tunkillia, MEP is earning 51% by sole funding exploration and HLX is free carried until a decsion to mine, MEP are solid operators, they discovered OXR's Prominent Hill and are some of the best mining tech's in the business, Tunkillia is MEP's main focus as well,

So HLX holds a 49% free carried interest,
49% of 730k oz's Au @ EV of $25 oz (Avg Mkt cap $ per Ounce) = $9m or HLX's current mkt cap

Clearly MEP like what they see and have stated that they the hurdle to get the project going is a minimum JORC of 10Mt@3g/t so there trying to find some higher grade offshoots, they would do a 2mtpa operation = 200k oz's Au for 5yrs


Glenburgh Somewhere in W.A.
100% HLX, 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 S.A. part of Tunkillia area
HLX 49% TOE (Toro) 51% Searching for uranium


I'd say that in the next few months MEP will release a new resource estimate for Tunkillia and take steps to get the project going, note that OXR (Oxiana) has an option to buy 24% of HLX's stake, reducing HLX to a 25% free carried interest.

Very undervalued, has about $2m in cash but not spending much on exploring as main project is free carried exploration up to a decision to mine

I expect it to follow the same path as GOP and JMS,

Enjoy

Has definitely turned up from its downtrend, bottom was 6c,

Getting back up through 10c was important

This company is really undervalued and will eventually be IMO T/O by MEP, or if MEP give Tunkillia to OXR like they did Prominent Hill, well than OXR will chomp up HLX as a LIGHT SNACK

Current Mkt Cap @ 11.5c = $11.5m

 

[YOUNG_TRADER]

Buy depth looks very interesting,

Looks set to break up, maybe, not confirmed just yet

 

[greggy]

Buy depth looks very interesting,

Looks set to break up, maybe, not confirmed just yet

I've traded HLX quite a few times and find it very interesting. Its a frustrating stock for many people, but I reckon its undervalued. I think that the only problem is that many speculators have burnt themselves playing this stock and are probably more weary. But still I think its very much undervalued as it has 3 very worthwhile projects. Good pick up Young Trader. I'm also trying to pick a few situations that have been overlooked and I'm also looking at MZM as it has 2 very good directors in the name of Terry Grammer and Denis O'Meara and interesting prospects.
As always, do your own research before buy/selling.

 

[Sean K]

Buy depth looks very interesting,

Looks set to break up, maybe, not confirmed just yet

I reckon this broke at $0.10, now just lines of resistance at the cent marks. Lookin great. Had a good run though....

 

[YOUNG_TRADER]

Even HLX is getting in on the Iron Ore wagon, returned some interesting 56-60% Fe results from Pilbara, its a JV with AQA (never heard of em)


I didn't even know HLX had such a project, so much for thorough research!

 

[YOUNG_TRADER]

Ok guys have been wanting to post about HLX for awhile but haven't as its been in a downtrend, well I think its bottoming out and will re-rate soon,

Before I begin I should point out that what I saw with JMS 7c -20c and GOP 9c - 20c (Check the threads and the charts) I see with HLX so if you interested in a 100% + upside stock before considering Fundamentals read on,

HLX has 100m sahres and 25m 14c 31/3/07 opeis,

@ current prices mkt cap is $9m
@ 20c (my inital target) mkt cap is $25m (still not demandng)

HLX hax 3 main projects

Tunkillia S.A.
This is the jewel in the crwon, discovered back in the late 90's this Gold deposit was set to become the next Olympic Dam, promptly rocketing HLX from the few cents to $2+ (like AUM/CDU) however further drilling revealed it wasn't a multi billion dollar deposit, this combined with lower gold price in 2000 led to project being put on back burner,

JORC stands at 10.5Mt@2.2g/t = 730k oz's Au

Now whats changed is that HLX farmed Minotaur (MEP) into Tunkillia, MEP is earning 51% by sole funding exploration and HLX is free carried until a decsion to mine, MEP are solid operators, they discovered OXR's Prominent Hill and are some of the best mining tech's in the business, Tunkillia is MEP's main focus as well,

So HLX holds a 49% free carried interest,
49% of 730k oz's Au @ EV of $25 oz (Avg Mkt cap $ per Ounce) = $9m or HLX's current mkt cap

Clearly MEP like what they see and have stated that they the hurdle to get the project going is a minimum JORC of 10Mt@3g/t so there trying to find some higher grade offshoots, they would do a 2mtpa operation = 200k oz's Au for 5yrs


Glenburgh Somewhere in W.A.
100% HLX, 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 S.A. part of Tunkillia area
HLX 49% TOE (Toro) 51% Searching for uranium


I'd say that in the next few months MEP will release a new resource estimate for Tunkillia and take steps to get the project going, note that OXR (Oxiana) has an option to buy 24% of HLX's stake, reducing HLX to a 25% free carried interest.

Very undervalued, has about $2m in cash but not spending much on exploring as main project is free carried exploration up to a decision to mine

I expect it to follow the same path as GOP and JMS,

Enjoy

My my what an active 1st Qtr HLX looks set to have, above is a copy of my Original Post on HLX thread and here is the update


- Tunkillia Gold, new JORC due from Minotaurs extensive drilling

- Glenburgh, soil samples due in Jan with follow up drilling to increase the Resource

- S.A. Uranium, TOE has identified drill targets for Qtr 1 07

- W.A. Nickel, looking to drill test targets

- W.A. Iron Ore, expecting follow up work


Looks interesting

 

[dubiousinfo]

Opies have moved a bit today but on very small volume. Wonder how many people realise these are 14c opies not 20c.

 

[YOUNG_TRADER]

Opies have moved a bit today but on very small volume. Wonder how many people realise these are 14c opies not 20c.

Probably not many I'm betting,

HLX really just crashed through 12c resistance,

and chomped through 13c V Pattern Resistance

Should see a clear run towards 20c!

 

[YOUNG_TRADER]

Chomped all the way up to 15c,


Thats just crazy, I wonder whats caused the buying, just a technical breakout?

I've always thought that MEP/OXR will buy out HLX to develop the Tunkillia gold project, but I wouldn't have thought that they'd do that for sometime

Well was around 6c when I started the thread, so hope peeps have made good money off this so far

 

[Ants]

You think the oppies are still good @ .040?

 

[YOUNG_TRADER]

Can't say Ants,

I picked mine up at 1c - 1.5c,

Given they are 14c opies, paying 4c means you expect the SP to be 18c+ say 20c gives you an idicative opie price of 6c,

I reckon some patience and you'd probably get em at 2c

This run up should drift back over next few weeks,

But its up to you,

Good luck

 

[Ants]

Cheers YT

 

[pussycat2005]

Probably not many I'm betting,

HLX really just crashed through 12c resistance,

and chomped through 13c V Pattern Resistance

Should see a clear run towards 20c!

if this sees a clear run to 20 cents

options are going to be trading between 8 - 10 cents

obviously this is on people's radar now after this latest announcement...

makes economic sense to go for the oppies....

anything under 6 cents is a bargain....

 

[YOUNG_TRADER]

I bought some more opies at 2.9c

Will tuck em away until SP cracks 20c mark, which should be the next few weeks

HLX is worth 20c on its Tunkillia Project alone IMO

 

[YOUNG_TRADER]

Looks like theres a bit of selling to chew through,

A few 500k orders popping up and slowly being filled, very interesting

May go cold though if Ann take too long to come out,

But I think MEP will release more Tunkillia drilling results,

Can't wait to see what new JORC is, I expect an improvment in grade + a tiny increase in size

 

[moses]

Kennas...

Am I dreaming or do we have a wee pennant forming here?

 

[YOUNG_TRADER]

12c seems to be holding as support level,

After 12c I don't have another resistance level until 20c, Kennas what do you see on the charts?


I'd say sideways consolidation at 12c (hopefully it holds) until early Jan when we can expect some more ann

 

[Sean K]

Kennas...

Am I dreaming or do we have a wee pennant forming here?

There is a little pennant there. Consolidation in an uptrend, so should expect it to continue.

12c seems to be holding as support level,

After 12c I don't have another resistance level until 20c, Kennas what do you see on the charts?

I'd say sideways consolidation at 12c (hopefully it holds) until early Jan when we can expect some more ann

Agree, need some consolidation between $0.12 and $0.13.

A break below $0.12 might see the advance fail. A break through $0.13 should then see that as support.

Should be some resistance then at each of the cent levels, most probably at $0.15.

Volume off quite a bit....

Above 200d ma is positive.

 

[dubiousinfo]

Great charts Kennas. Hope everybody appreciates all the work you put in. Thanks again.