HLX - Helix Resources

[Go Nuke]

NO HLX!!! Your going the wrong way!!!!

16.5c today!:hide:

P.M me when its all over someone..lol
Bloody slow with any announcements are'nt they.

 

[YOUNG_TRADER]

HLX/MEP just released the long awaited JORC upgrade on Tunkillia


HLX
Share structure
115m shares

Mkt Cap
15c = $17.25m
20c = $23m
25c = $28.75m
30c = $34.5m
35c = $40.25m

Cash $3m, JV's doing most of the work.

Projects

Tunkillia Gold, HLX is 49% Free Carried by MEP, OXR has taken an option to earn 25% as well, if the project stakes up OXR have expressed their desire to purchase it outright as with Prominent Hill

This is the jewel in the crown,

Dissapointed with JORC results,
Oxide 5.7Mt@1.3g/t Au (cut off 0.5 g/t Au) = 230k oz's Au
Primary 8.6Mt@2.1g/t Au (cut off 1 g/t Au) = 570k oz's Au

Silver 8.6Mt@5.7g/t Ag = 1.6M oz's Ag (This was an unexpected bonus)

Cap Ex is estimated to be $30m - $50m for a 1Mtp.a. or 2Mtp.a. plant

Cash operating costs are estimated at $400 oz which at a current AUD spot of $800 oz provides some very nice cash flow figures


NPV of project
Assumptions:
Resource = 900k oz's Equiv (ie silver credits)
Margin = Estimated to be $400/oz but use $300/oz to be safe
Cap Ex = $70m (previous estimate $50m)

900k oz's @ margin of $300oz = $270m less Cap Ex -$70m = $200m

Net to HLX = $200m x 49% = $98m = 85c HLX

Clearly alot of potential here and the most important factor that seperates HLX from other speccies is that a Proven Development company MEP are doing all the hard work to get the project going, thus funding is not going to be an issue, also as OXR has a back door option to buy into the project it spices things up a little. so its only a matter of time.


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

Recent surveys by Toro Outlined several huge anamolies, they will be drill tested by a massive 1000 Hole Campaign in March/April, but Toro may focus on SRZ's Warrior, we need drilling here!



Yallen 30% Free Carried by API, Pilbara W.A.

The drilling confirms a mineralised
zone of 2.7km x 900m, up to 30m thick and grading
up to 60% Fe.

2700x900x30 = 73m Cubic Metres Ore

Now over at the YML thread gringokonyo and camaybay established that 1cubic metre ore = 4 tonnes

73m Cubic Metres = 292mt Ore grading say 58% Fe

AQA are proving up a huge Iron Ore province in that region, nevertheless we need more drilling here!


Summary
Well its no longer an undiscovered GEM,

However Tunkilia still provids excellent true fundamental value, as does Yalleen with the AQA/API JV determined to get into production ASAP and will fully fund development if need be.

The U grounds around Tunkilia provide HUGE SPEC UPSIDE which we will se reflected in by a Share Price re-rating when drilling begins[/QUOTE]

 

[Go Nuke]

Thanks heaps TY!

HLX has been very quiet for quite some time.
I was very dissapointed to se it drop down to 16.5c ish mark
I too have noticed that it seems TOE are more interested in the Warrior project. I wish they would start drilling so HLX can get some more positive results.
Despite the good news its struggling to stay about 18c today I guess it is Friday.

I noticed you backed SRZ for the month YT and I backed TOE. I was really hopeing for some of that great Uranium news to get us over the line....guess not

Thx again.
GN

 

[rico01]

Helix looks to have good support at 17 cents and looks to have broken out of the flag formation with the peak of 27.5 on the 20/2.
I would say very little downside risk from here!

 

[Kipp]

Helix looks to have good support at 17 cents and looks to have broken out of the flag formation with the peak of 27.5 on the 20/2.
I would say very little downside risk from here!

Agreed Ric. I have daytraded HLX a few times from 17c (usually jumping ship at 19) and it has been some pretty fast money.

 

[sydneysider]

Agreed Ric. I have daytraded HLX a few times from 17c (usually jumping ship at 19) and it has been some pretty fast money.

Technicals look "neutral" in a booming market. Last Friday's ASX positive announcement about Tunkilla JORC confirmation was a total dud. For comparison look at ORP which also has a similar sized gold resource is screaming up each day.

 

[rico01]

Technicals look "neutral" in a booming market. Last Friday's ASX positive announcement about Tunkilla JORC confirmation was a total dud. For comparison look at ORP which also has a similar sized gold resource is screaming up each day.

You could say then it has been overlooked by the market! only a matter of time before investors realise the value..........

 

[Go Nuke]

Helix looks to have good support at 17 cents and looks to have broken out of the flag formation with the peak of 27.5 on the 20/2.
I would say very little downside risk from here!

Hmmm 15.5c right now
It seems it can go lower than the 16.5 to 17c mark.
Each time it gets further and furth from where I bought in at.
I reckon WHEN...they release some good news in reguards to the uranium drilling going on, things will brighten up. If its enough to let me fre carry then i might do that. Ive lost a bit of faith in old HLX.

Very few announcements made this year so far.
Alot of sellers around the 18c mark

 

[greenfs]

An investor colleague who has been in this one for a while has indicated to me this week that any expected good news abnnouncements may be still 6 mos away. His source of info is a full time market invesyor. He is thinking of selling and buying back in later in the year.

I am not a holder of this stock; just an interested bystander for the moment.

 

[sydneysider]

Hmmm 15.5c right now
It seems it can go lower than the 16.5 to 17c mark.
Each time it gets further and furth from where I bought in at.
I reckon WHEN...they release some good news in reguards to the uranium drilling going on, things will brighten up. If its enough to let me fre carry then i might do that. Ive lost a bit of faith in old HLX.

Very few announcements made this year so far.
Alot of sellers around the 18c mark

She has broken down and looks rudderless. Next "chance" is U drilling near Tunkilla but no news here (for some months?).

 

[Go Nuke]

An investor colleague who has been in this one for a while has indicated to me this week that any expected good news abnnouncements may be still 6 mos away. His source of info is a full time market invesyor. He is thinking of selling and buying back in later in the year.

I am not a holder of this stock; just an interested bystander for the moment.

Thank you for that input Greenfs.
Yeah not looking real good at the moment is it. I bought in at 22c..so cant bare to pull out now
Maybe if i just sell half. I dunno.
Oh well bring on the uranium drilling.

 

[rico01]

Well I bought on my own analysis and paid 17.5c on the 29/5
But good to see it closed on the support line of 16.5c
I well I hope it supports it

 

[jballs]

I'm not prepared to sell now and buy in later, because good news MAY be six months away. A reading of recent reports show that the company, and its partners, had a lot planned for the second quarter and results from those drills were supposed to start arriving in July?

 

[questionall_42]

Thank you for that input Greenfs.
Yeah not looking real good at the moment is it. I bought in at 22c..so cant bare to pull out now
Maybe if i just sell half. I dunno.
Oh well bring on the uranium drilling.

Last trade at 15c. If you are you trading, then surely you have a plan which included stop losses? Or else this is gambling: pure and simple. If you put in $5K, you are sitting on a loss of $1600+... in a booming market...

If you don't have a plan, I highly uber recommed you develop one... ... now.

 

[Go Nuke]

Last trade at 15c. If you are you trading, then surely you have a plan which included stop losses? Or else this is gambling: pure and simple. If you put in $5K, you are sitting on a loss of $1600+... in a booming market...

If you don't have a plan, I highly uber recommed you develop one... ... now.

Oh I haven't even bothered to work out how much of a loss Im sitting on right now.
I have faith that when they make some ann about their Uranium drilling JV's then the share price will pick up.
I believe their Iron ore prospects are good too.
But then again..I know virtually nothing about the share market. im just fumbling along learning as i go
I dont use stops. I suppose thats a bad idea, but Im also here for long term. Lets face it, shares IS gambling {if not slightly more educated than the old pokie}
I think the next resistance for HLX is at 14c.If it gets up to 20c, Ive decided to sell at least half of what i hold. You are right questionall, the market IS booming. but Im not here to trade. im here to invest some money and wait.

 

[questionall_42]

Oh I haven't even bothered to work out how much of a loss Im sitting on right now.
I have faith that when they make some ann about their Uranium drilling JV's then the share price will pick up.
I believe their Iron ore prospects are good too.
But then again..I know virtually nothing about the share market. im just fumbling along learning as i go
I dont use stops. I suppose thats a bad idea, but Im also here for long term. Lets face it, shares IS gambling {if not slightly more educated than the old pokie}
I think the next resistance for HLX is at 14c.If it gets up to 20c, Ive decided to sell at least half of what i hold. You are right questionall, the market IS booming. but Im not here to trade. im here to invest some money and wait.

There is no need to fumble along when there is a lot of info and helpful people to help you (especially on this forum).

For every trade you need a plan. If not, then treat it as a gamble.

Specifically with your HLX tradem, if you consider yourself more of an investor than a trader, then why sell half if it reaches 20c? What are the indicators you are using to make these decisions? Sell after an announcement? What time-frame are you looking at? These are critical questions to consider.

I have been "investing" - each stock I have held for a minimum of a year, with most having 3-5 year plans. I am now dabbling with TA and smaller cap mining stocks with paper trades to see if I can handle "trading". Trading is not gambling if you have a clear plan (and the plan works).

So what indicators was everyone using over the past 3 months to buy into HLX? The MACD looks sad to me.

Any thoughts?

 

[Reefer]

What's happened to Helix in the last half hour. Low of 15.5 cents on negligible volume - now 1.2 million sales at latest 18.5 cents and strong buying support. Can't be insider trading surely???

 

[rico01]

What's happened to Helix in the last half hour. Low of 15.5 cents on negligible volume - now 1.2 million sales at latest 18.5 cents and strong buying support. Can't be insider trading surely???

Don,t complain maybe somebody knows something they shouldn,t but do ,that might be beneficial to us all so we should see the price rise becos of this info we don,t know but somebody does . comprendai

 

[megla]

I agree, there is nothing wrong with insider trading, provided it makes me a profit

Of course if it makes me a loss then its criminal :swear:

 

[rico01]

What's happened to Helix in the last half hour. Low of 15.5 cents on negligible volume - now 1.2 million sales at latest 18.5 cents and strong buying support. Can't be insider trading surely???

larger than normal volumn and no announcement means something is up
does this mean its previous trend is funished: