HLX - Helix Resources

[sydneysider]

I agree, very confused by that ann, that fact they kept repeating they cannot release anything unless provided by JV,

It looks as though TOE and AQA qon't have much to say until after March,

The only wildcard left is MEP releasing its JORC upgrade soon, cause it looks like the tide of buyers vs sellers is turning,

I took half off the table opies and stock

The "smart" money knows EXACTLY what the situation is with HLX. The folks that read this board are also about as knowledgeable as the smarties. HLX has been on a bullish run and is still dirt cheap. It needs to churn and burn out the weak holders before pushing higher. Technicals look fine.

 

[Sweet Synergy]

Sold off today on very large vol ... sorry to contradict but in the short term this technically looks to me like it's more likely to retreat further before it continues up. Chart is showing support at 20c

 

[YOUNG_TRADER]

Lets not forget that this stock was 6c when posting began,

10c-12c when AQA potential was acknowledged

14c when full AQA + TOE potential was acknowledged,

It has done extremely well so far,

I reckon a breather is in order, should find strong support at 20-21.5c

 

[TheAbyss]

It has done extremely well indeed. 2 steps forward, 1 step back. The march upward will continue in my view.

Question unanswered as yet is the director share buy recently. There are a few chapters left in this story...

 

[Sweet Synergy]

I agree, .... Positive fundamentals and overall the chart looks VERY promising, so could easily be just a consolidation.
Except I'd be keeping a close eye on it because of today, vol was very high(most importantly) and so was size of the move down ... currently 16% ...

 

[Accaeric]

vol was very high(most importantly) and so was size of the move down ... currently 16% ...

You guys contributed a lot How many percent, 30% or much higher?

I won't be worried while sp is still above 20c.

 

[moses]

May I be excused for wondering if a cautious factual announcement is a ploy with a predictable outcome?

 

[moses]

HLX's fall today wiped out all my gains on BLG, which is rather annoying, but my is on HLX climbing back tommorrow.

The SMA chart hasn't come in yet (will post later) but the information is all here in the depth. At risk of stating the obvious, the bulk and quality of buying pressure is above 20c and close to the SP, while selling pressure is above 26c. With an SP of 21.5c, to my mind this implies that the pressure on HLX is very much UP, and that we should see a significant bounce tommorrow.

 

[jtb]

May I be excused for wondering if a cautious factual announcement is a ploy with a predictable outcome?

If the 'predictable outcome' is positive I agree.
The tone , I think, was plain and settling any risk of a please explain.
An operating surplus and confirmation that JV partners will forward news when suitable............................
The kids obviously didn't like it but rationality is not something to be associated with the market.
Methinks YT's fan clubs stop losses were a little tight?
I'm in, sold some oppies @ 11.5 and bought them back @ 8.
Apparent buy depth is leaner but I'm not a by the minute trader.
Maybe the directors didn't want to buy anymore @ 27

Look @ TRF

J

 

[clowboy]

hope your right moses.

HLX Turned a nice day bad.

 

[moses]

and here is the SMA chart.

 

[moses]

Maybe the directors didn't want to buy anymore @ 27

that was my point.

But anyway, at the end of the day I don't see any cause for alarm. Just would've been great to trade it I suppose...although that relies on E-trade actually working for a change.

 

[Accaeric]

to my mind this implies that the pressure on HLX is very much UP, and that we should see a significant bounce tommorrow.

Short-term movement is hard to predict, but it influencs in-and-out traders greatly. HLX hasn't released any results of GOLD, IRON ORE or U. Any of those comes out will fuel sp easily.
Take NTU as an example, sp with no news drifted from 90c to 60c, then soared to $1.17 due to alliance with Areva. At that level, most of short-term traders took profits and sp fell to $1.04 on Fed 16. but NTU hit $1.95 ans closed $1.70 today.

HLX is supposed to be much higher, just be patient.

 

[stoxclimber]

re: the SMA we saw a lot of big sales into the depth today from what I recall so were not placed on market.

Personally I think HLX will rise tomorrow, imo today we saw some selling off by traders who bought on the rises of the past couple days who basically chased the buyers down with little buying strength at ~26c..then stop losses hit and it all got ugly. Just my opinion though.

 

[YOUNG_TRADER]

I agree, very confused by that ann, that fact they kept repeating they cannot release anything unless provided by JV,

It looks as though TOE and AQA qon't have much to say until after March,

The only wildcard left is MEP releasing its JORC upgrade soon, cause it looks like the tide of buyers vs sellers is turning,

I took half off the table opies and stock

I still have faith in HLX medium term, I think that by the end of the year Tunkillia will be very advanced and ready to go

and I definitely think Yallen will have alot more work done to it,

Its just I've been waiting for an update since 2 weeks ago and well we sorta got one today, after re-reading it and then taking a look back at HLX's exploration update back in Jan it becomes clear that management are not interested in promoting Tunkillia Gold, Yallen Iron Ore or even Lake Everad Uranium, instead they will just re-post what the JV's do, also they keep talking about Glenburgh but have done SFA!,

That plus the fact that the stock had really risen strongly and I was sitting on very very healthy profits influenced my decision to take half profits,

Without ann the SP won't get the buying support its craving and may go flat for awhile,

Liek I said MEP ann is the wild card, how long till they release the JORC upgrade? Only MEP knows that

Good luck to us all, now to find somewere good to place those profits .........

 

[moses]

I'd be interested in some EW analysis...anyone?

 

[sydneysider]

I still have faith in HLX medium term, I think that by the end of the year Tunkillia will be very advanced and ready to go

and I definitely think Yallen will have alot more work done to it,

Its just I've been waiting for an update since 2 weeks ago and well we sorta got one today, after re-reading it and then taking a look back at HLX's exploration update back in Jan it becomes clear that management are not interested in promoting Tunkillia Gold, Yallen Iron Ore or even Lake Everad Uranium, instead they will just re-post what the JV's do, also they keep talking about Glenburgh but have done SFA!,

That plus the fact that the stock had really risen strongly and I was sitting on very very healthy profits influenced my decision to take half profits,

Without ann the SP won't get the buying support its craving and may go flat for awhile,

Liek I said MEP ann is the wild card, how long till they release the JORC upgrade? Only MEP knows that

Good luck to us all, now to find somewere good to place those profits .........

Next batch of JV news (via half yearlies) from Aquila should be around 16th of March on iron ore program at Yallen, MEP released their half yearly last year on 8th March last year so I assume that TOE will issue theirs about the same time. This starts about ten trading days from now.

 

[greggy]

Yesterday was just some profit taking. You must admit HLX has gone for a good run and I took the opportunity yesterday to take my profits off the table. Congratulations to both YT and kennas for picking this one. I'll buy back in at lower levels, hoping that it then goes onto new highs. If I miss out so be it. There's still plenty of overlooked shares out there. Don't get me wrong medium term HLX still has outstanding potential.
DYOR

 

[constable]

Now own up who panic sold? ...Still holding and picked up another 100k.

 

[dj_420]

i was going to try and catch the bounce, but bounced so quick i couldnt even get my buy order typed in before it went back up!