HLX - Helix Resources

[wanty]

I think its great news as instead of buying on mkt at similar price, he's buying opies and will convert = more cash for company!

I wonder if someone will step up and underwrite the options? Would be easy money for whoever does it!

Youngtrader, I have it on good authority that someone will underwrite every oppy not converted.

My email

lame2@tpg.com.au

 

[Siraitken]

Hello YT and Wanty

Whats does this mean when the unconverted oppies are underwrited?

Cheers
Dave

 

[stoxclimber]

Hey guys, quick question on HLXO: Do HLX need to receive my exercise form + cheque by 31st March, or does the cheque actually need to cash by then?

 

[Reefer]

They need to receive the cheque by 31st (no idea if that is Friday close or Monday am because 31st is Saturday). So you probably need cleared funds in your bank on Monday 2nd April. I have to sell something on Monday 26th to make sure COMSEC clears the funds in time but I can post the exercise form and cheque say on Wednesday 28th while the fund are clearing, to make sure the mail gets it thru on time. Funds should be cleared when Helix banks my cheque. I'm 100% invested all the time so I'm used to doing things this way. Other people probably just write cheques and don't have to worry.
I like the casino like feeling of my approach.

 

[stoxclimber]

Yeah, im in a bit of the same situation - sold enough stock today to pay for my options, so my cheque would be valid on Thursday [assuming ComSec doesnt screw up!]. Don't want something to go wrong and me lose thousands in options=(

 

[madcabbie]

to all who are cashing options - I posted my cheque and form by express post. It costs about $4, but is guaranteed to get there the next business day. This was an issue as I am in Brisbane and snail mail can take 3 or 4 days plus you can not trace it. I posted it yesterday and rang HLX today. The secretary confirmed that she had received it.

 

[Beethoven]

Hmmm quite a few people dumping today. A sell order of 190000 shares at 20 cents.

I think April is definately going to release one of these announcements or more

Tunkillia Project - Minotaur
10.5 Mt @ 2.2g/t 730k oz Inferred JORC
Assessing resource economics

Glensburg gold - 100% owned
current resource 1.1Mt @ 3.1g/t Au 105k oz Inferred JORC
Planning to drill in second quarter

Yalleen Iron JV - API
Accelerated drilling commencing in 2nd quarter
2.7km x 0.9km x 0.03km up to 60% grade iron

Gawler Uranium Project - Toro
920 km²
Drilling in second quarter

If not I will probably look silly saying this

 

[sydneysider]

Technicals look very sloppy with a slightly bearish bias. Maybe it is just distribution after a very nice run from 8 cents to 27 cents over four months. Volume seems to have fallen away. Maybe it is folks selling shares to pay for oppy conversion.

 

[Beethoven]

Technicals look very sloppy with a slightly bearish bias. Maybe it is just distribution after a very nice run from 8 cents to 27 cents over four months. Volume seems to have fallen away. Maybe it is folks selling shares to pay for oppy conversion.

Seems to be some support at the 20 cent level. Doesnt look like it in the depth but $40k worth of HLX was just bought at 20 cents. As soon as the option conversion is over I think its possible for this stock to go the next leg up. HLX have strong projects and most of their bigger projects are being farmed in meaning no need for capital raising. Money from the option conversion can also be used to work on their own projects like glensburg.

If all the options are converted this company will have a market capital of 21.8 million @ 20 cents.

DYOR

 

[Go Nuke]

Well the MACD looks ready to cross over for Minotaur...maybe that will help Helix slightly.
Though Toro sp ain't doing much yet.

Anyone know when or if an ann is due?

 

[Jimminy]

TOE haven't even started drilling yet - so how hell do people expect an announcement? sheesh.

 

[Beethoven]

TOE haven't even started drilling yet - so how hell do people expect an announcement? sheesh.

An announcement like starting drilling in the next quarter would be an announcement. Other would include the feasibility of adding more resources to what they already have from tunkillia and the accelerated drilling yalleen iron ore project.

 

[Jimminy]

An announcement like starting drilling in the next quarter would be an announcement.

they said this in the ann 2 weeks ago though.....

 

[Beethoven]

they said this in the ann 2 weeks ago though.....

They say that they are expecting to drill in the second quarter. Doesnt actually say that are actually starting to drill a hole. Kind of different if you are asking me... thats how i interpreted it And an announcement saying drilling has commenced or started is more of the annoucement i was talking about on a specific day.

 

[sydneysider]

An announcement like starting drilling in the next quarter would be an announcement. Other would include the feasibility of adding more resources to what they already have from tunkillia and the accelerated drilling yalleen iron ore project.

U might want to check the half yearly and i am relying on my spotty memory but i think HLX said that the "exploratory" program away from the main deposit at Tunkilla was a bust.

 

[Beethoven]

U might want to check the half yearly and i am relying on my spotty memory but i think HLX said that the "exploratory" program away from the main deposit at Tunkilla was a bust.

I can't find anything about ditching the JORC upgrade in the half yearly report in area 223? All i saw is something that we already knew about tunkillia. lol and i should really take out the feasibility in that paragraph. Anyways all in all I am waiting for these announcements.

JORC upgrade - tunkillia
Start Drilling - Lake everard
News on the accelerated drilling in Yalleen

 

[Beethoven]

I can't find anything about ditching the JORC upgrade in the half yearly report in area 223? All i saw is something that we already knew about tunkillia. lol and i should really take out the feasibility in that paragraph. Anyways all in all I am waiting for these announcements.

JORC upgrade - tunkillia
Start Drilling - Lake everard
News on the accelerated drilling in Yalleen

lake everard = grawler :bonk:

 

[Go Nuke]

Finished up strong today!
10.26%..but low volume 300k.

Some BIG buyers looking to get back in!
600+k@18c

 

[sydneysider]

I can't find anything about ditching the JORC upgrade in the half yearly report in area 223? All i saw is something that we already knew about tunkillia. lol and i should really take out the feasibility in that paragraph. Anyways all in all I am waiting for these announcements.

JORC upgrade - tunkillia
Start Drilling - Lake everard
News on the accelerated drilling in Yalleen

This may be in the half yearly where it was stated that the 'exploratory" program was a bust not the JORC at Tunkilla. It downgrades the prospectivity away from the current JORC resource areas.

 

[Beethoven]

Well my options have been exercised. With the extra cash we should see it go upwards from now on.