HLX - Helix Resources

[stoxclimber]

Relax djones...people selling out but its ridiculous for the share price to have fallen so farm on the available news...imo its the reaction of small punters in stock forums who are panicing and/or trade strict stop losses.

I doubt we'll see a sharpe bounce as many such punters are scared of HLX after dropping 26->19c and again today...but as news of their projects comes to light I believe we should see the companys value more accurately reflected.

 

[YOUNG_TRADER]

All things being equall I think HLX held up very well today,

I mean 2 months ago this was a Sub 10c stock and today in a Blood Letting Mkt it still held and traded around 20c on about what 4m shares,

Son now its fair to say HLX is a 20c stock

Its clearly a grown up now with lots of people who appreciate its fundamentals (another of my baby's have grown )

 

[stoxclimber]

IMO YT HLX did not hold up well today at all.. that sort of fall was not justified by the news and comparable stocks..imo it has fallen because small time investors want to get out (see e.g. Comsoc processing a record number of trades today) - i havent seen the trades for today but it seems like (from my memory of HLX's buy stack) there wasnt much buyside liquidity so the stock was sold down and we saw some big buying emerge and snap up all the sellers.

IMO HLX has massively overcorrected on the back of small punter selling - the question in my mind is are these investors going to jump back in if the AXO recovers? In my opinion, not until HLX starts rallying itself and then we might see these investors jump back on which would push HLX to new highs (if it were to happen). This may not occur within the March timeframe meaning option holders looking to sell on market may be dissapointed.

 

[Beethoven]

announcement is coming out!!!!!!!!!

 

[stoxclimber]

Director buying.

 

[Beethoven]

Director buying.

Oh that can only be good sign. That one of the JV partners are about to release an announcement . Director bought 400000 shares + 300000 oppies and bought them for $100000

 

[wanty]

As Raks from hc just pointed out to me also,the 300,000 oppy purchase on top of the heads tells me they are going to fly.With a few weeks left on the oppies,he must know really good news is close at hand.

 

[greggy]

Oh that can only be good sign. That one of the JV partners are about to release an announcement . Director bought 400000 shares + 300000 oppies and bought them for $100000

Directors buying in siginifcant amounts is a very positive and bullish sign.
DYOR

 

[Sean K]

As Raks from hc just pointed out to me also,the 300,000 oppy purchase on top of the heads tells me they are going to fly.With a few weeks left on the oppies,he must know really good news is close at hand.

What 300K oppie purchase are you talking about wanty? Is that today? I see a couple of 400k ish purchases ($28k) but no 300. A $28K oppie purchase isn't that impressive to me. Why would the sp 'fly' due to this?

 

[Sean K]

Aaaah, director purchase. Still $28K worth... Perhaps I haven't all the information here?

 

[stoxclimber]

kennas, see the latest annoucement.


A ~21k purchase isnt itself that impressive but when you consider the options are deep ITM the director now basically has 700K extra worth of shares leveraged on the HLX price movement.

edit: kennas, also purchased another 400K shares

 

[YOUNG_TRADER]

Kennas this director has bought about 1m shares in the past 2 months,

He likes the company and doesn't mind paying up for it,

I doubt his opie purchase was because "he knows it going to fly"

But probably so he can convert into more shares.

 

[Sean K]

I do like directors buying, it's generally a good sign. Pretty positive that it's held above 20 cents. Momentum still looks down to me at the moment. Needs to recapture 23 cents for me to be smiling again.

 

[jtb]

kennas, see the latest annoucement.


A ~21k purchase isnt itself that impressive but when you consider the options are deep ITM the director now basically has 700K extra worth of shares leveraged on the HLX price movement.

edit: kennas, also purchased another 400K shares

Seeing as the purchases are @ an average of about 20c and 6 c (thus 20c across the board) you would hope that some news would be coming so that selling the fully paids to convert the options would be a positive transaction?

 

[wanty]

Kennas

number acquired 401,584 heads 300,000 options march 31st options

 

[wanty]

Sorry,now holds $100 k odd worth of stock.

Big leverage in the oppies.

 

[YOUNG_TRADER]

Sorry,now holds $100 k odd worth of stock.

He holds 1.7m shares + 300k options

1.7m shares @ 20c = $340k
300k opies @ 6c = $18k

So he holds a $360k position currently,

Now I'm assuming he'll convert those oppies over, thus he'l eventually hold 2m shares

@ 20c thats a $400k position, I like it! and obviously so does he!

 

[greggy]

A nice little rebounce today in its share price. A lot of uranium related stocks seem to be having a good day today. Lets hope it continues.
DYOR

 

[wanty]

Sorry,now holds $100 k odd worth of stock.

Big leverage in the oppies.

 

[wanty]

I'll take your word for it yt