HLX - Helix Resources

[sydneysider]

Diversity is also important no matter how good HLX looks.
DYOR

U can diversify into the oppies...the leverage here will "outplay" anything else in the market IF she runs hard.

 

[TheAbyss]

I have no intention of doing anything rash. I was just commenting on how the human mind works. It is easy to do something silly versus use your judgement, make a decision then stick with the game plan.

Some things just look better than others sometimes. I dont get divorced because something looks better though.

 

[Pat]

I have no intention of doing anything rash. I was just commenting on how the human mind works. It is easy to do something silly versus use your judgement, make a decision then stick with the game plan.

Some things just look better than others sometimes. I dont get divorced because something looks better though.

Divorced? Depends on the comparison I think, how much better does she look?

 

[greggy]

U can diversify into the oppies...the leverage here will "outplay" anything else in the market IF she runs hard.

Placing the humour to one side, I think its safer to hedge your bests and buy exposure to different companies even though HLX's potential is compelling to say the least. As for the oppies there's only 14c to pay to convert, but they expire soon. No doubt nearly all of them will be exercised providing more money for HLX to spend on its wide array of interesting projects.
DYOR

 

[exberliner1]

YT....did you get any feedback from nice Mr Haselhurst??

EN

 

[greggy]

YT....did you get any feedback from nice Mr Haselhurst??

EN

It would probably be a surprise if he did as I'm pretty sure that he would receive stacks of emails each day concerning different stocks. HLX is still looking very good.
DYOR

 

[YOUNG_TRADER]

Nothing yet from David, still hopeful I'll at least get a reply saying that he may keep an eye on it etc or something to that effect,

More importantly still haven't heard anything from HLX re its Iron or Gold updates, tick tock tick tock, I am surprised nothing cam out Friday, will be puzzled/confused if nothing comes out very soon.

 

[dubiousinfo]

Nothing yet from David, still hopeful I'll at least get a reply saying that he may keep an eye on it etc or something to that effect,

More importantly still haven't heard anything from HLX re its Iron or Gold updates, tick tock tick tock, I am surprised nothing cam out Friday, will be puzzled/confused if nothing comes out very soon.

YT
Why not send the same information over to Tim Boreham who writes the Criterion column for the Australian. His email address is borehamt@theaustralian.com.au

 

[exberliner1]

Big increase in bid depth this morning....maybe someone knows something.

EB

 

[YOUNG_TRADER]

Yeah, HLX's JV partner for Yallen Iron ore Aquila was in a big 'Alliance' type meeting with a few other companies ie CAS RHI POL and YML was there as well, big things about to happen for the smaller Iron ore plays in Pilbara, there's strength in numbers!

Alliance to pressure miners for infrastructure access
John Phaceas, Perth
February 19, 2007

Other related coverage
Chinese in WA stakes to ensure steel supply

FOURTEEN prospective Pilbara iron ore miners have formed a fledgling alliance to fight for access to critical transport infrastructure in the region, including the massive port and rail networks of mining giants BHP Billiton and Rio Tinto.

The so-called Pilbara Iron Ore Alliance will aim to present a united front to lobby for infrastructure access and investment to unlock hundreds of millions of tonnes of "stranded" iron ore resources in the region.

The group is expected to adopt a similar approach to that of the Geraldton Iron Ore Alliance, which was launched last year to present a united voice in representing start-up iron ore miners in the state's mid-west, especially in relation to co-ordinating their conflicting infrastructure requirements.

At a meeting at the West Perth headquarters of the Association of Mining and Exploration Companies last week, representatives from the 14 iron ore juniors met to formulate the agenda and core objectives of the alliance.

Last week's meeting was initiated by Atlas Iron chief executive David Flanagan, whose company is racing with Fortescue Metals to become the first new iron ore miner in the Pilbara in more than two decades.

Atlas hopes to commission its boutique 1-million-tonnes-a-year Pardoo hematite mine near Port Hedland early in 2008.

The companies attending the meeting were Atlas, Yilgarn Mining, United Minerals Corp, Aurox Resources, BC Iron, Ausquest, Ferraus Resources, Echelon Resources, Cazaly Resources, Iron Ore Holdings, Aquila Resources, Cape Lambert Iron, Australasian Resources and Polaris Metals.

Notable by its exclusion from the meeting was Fortescue, which has championed the battle to force open the Pilbara rail networks of BHP and Rio, and has pledged to make its own port and rail assets open to third-party users.

It is believed Fortescue was not invited to join because it is an infrastructure owner in its own right, and will be one of the parties likely to be in negotiations with alliance members to transport ore from their respective operations.

Alliance members are also believed to be sensitive to any perception they are aligned with Fortescue, making access negotiations with BHP and Rio even more difficult given the ongoing legal battle by Fortescue to force open BHP's main Newman railway.

The Federal Court in December ruled that the Newman railway was not exempt from national competition laws, bolstering Fortescue's appeal to the Australian Competition Tribunal to "declare" the railway a service under the Trade Practices Act.

Mr Flanagan yesterday said the first meeting of the group had been positive but it would be at least a month before the alliance was formalised.

"If we get 10-15 companies in an alliance, suddenly there are 15,000 shareholders," he said.

 

[exberliner1]

Amazing the roadblock at 25 taken out in one go....

Up we go then....

EB

 

[YOUNG_TRADER]

The stock is just begging/waiting for an update on its Iron Ore and Gold projects,

We really should have had one by now, they've had the Iron Ore results from AQA for over 2-3weeks now, they met with AQA last week, how long does it take to get an ann out?

My guess is as Directors did buying recently there trying to leave a bit of a gap before releasing the ann,

Anyone spoke to the company recently?

 

[exberliner1]

MEP,s JORC gold upgrade due mid Feb as well.....HLX ANN.s are a bit like London buses.....nothing for ages then several come at once....

At least that's what should happen....

EB

 

[YOUNG_TRADER]

Looks like 24/25c may form a new level of support buying,

One things for sure all those buyers who were waiting around 18c and finally last week moved up to 20c ish are now moving up to 22-24c

 

[TheAbyss]

All of the .25 sellers are gone now. The volume on this is providing a solid foundation to move forward on.

 

[YOUNG_TRADER]

Anyone know what the VWAP is for today?

I would have thought 25c which is very positive IMO

 

[Peakey]

Anyone know what the VWAP is for today?

I would have thought 25c which is very positive IMO

.2508 is the VWAP for today YT (as at 15:55).

 

[YOUNG_TRADER]

Cheers Peakey,

Curious, what trading platform do you use?

 

[exberliner1]

power etrade gives vwap updated in real time YT....that's the IRESS platform...

EB

 

[greggy]

The stock is just begging/waiting for an update on its Iron Ore and Gold projects,

We really should have had one by now, they've had the Iron Ore results from AQA for over 2-3weeks now, they met with AQA last week, how long does it take to get an ann out?

My guess is as Directors did buying recently there trying to leave a bit of a gap before releasing the ann,

Anyone spoke to the company recently?

I rang the company the other day, but am still waiting for the return call. Good to see the share price performing so strongly. Directors buying shares is a very good sign of better things to come.
DYOR