HLX - Helix Resources
- Thread starter YOUNG_TRADER
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I know someone who usually gets some savvy advice who has been holding for quite a while now awaiting an announcement involving RIO . I do not hold the share personally
thanks greenfs
can you expand on this? any idea of time frames and reliabilities of the source on the RIO ann,
ok bye
I know someone who usually gets some savvy advice who has been holding for quite a while now awaiting an announcement involving RIO . I do not hold the share personally
I agree with TB and very interested if you can give us more info on this deal. SP down today so any good news would cheer us up.
Source in question is connected to a pro at the top end of town. He got in on CMR at $1 (now $4.75) and more recently PGM @ $0.30 (now $0.80).
The reason why I have not bought yet is I expect to get the word closer to the action happening, although the indication is sooner rather than later.
I am riding good book profits in RCO (100%), GBG (100%), AED (170%) and RIV (50%) at present. I will probably sell RCO @$1.20 (140%).
The reason why I have not bought yet is I expect to get the word closer to the action happening, although the indication is sooner rather than later.
I am riding good book profits in RCO (100%), GBG (100%), AED (170%) and RIV (50%) at present. I will probably sell RCO @$1.20 (140%).
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Gee its lunch time and not 1 trade for HLX today
I can only assume people are holding out for...something?
I can only assume people are holding out for...something?
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Stand off hopefully. Bit of a gap between the sellers at .205 and the buyers. Be strong or better yet wait for some action.
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Yes but only once Tunkillia gets the go ahead,
I'm actually surpirsed/ worried at how slow MEP have been progressing with Tunkillia
But they say patience is a virtue,
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I agree YT.
Thats one reason i picked TOE a couple of months back in the stock comp, thinking there might be some results ann from all the Joint venture drilling going on around there.
I noticed you picked SRZ for the same month so maybe you thought the same
I happy to see that the interest in HLX is keeping the share price up recently though.
Even today it looks like the market is getting smashed but HLX staying strong
Thats one reason i picked TOE a couple of months back in the stock comp, thinking there might be some results ann from all the Joint venture drilling going on around there.
I noticed you picked SRZ for the same month so maybe you thought the same
I happy to see that the interest in HLX is keeping the share price up recently though.
Even today it looks like the market is getting smashed but HLX staying strong
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Gee...Helix IS looking for Iron ore in W.A aren't they!!?
This would have to be one of the slowest companies at making ANY kind of announcement!
Hey Arkady, did you find any news on up coming ann by any of HLX's JV partners?
This would have to be one of the slowest companies at making ANY kind of announcement!
Hey Arkady, did you find any news on up coming ann by any of HLX's JV partners?
I have some info GoNuke.
The Tunkillia JV with MEP is still progressing with the feasibility study. The results from the study is at least another month away.
The Gawler Uranium JV with TOE is still awaiting the necessary approvals to proceed with drilling. TOE has a few projects in the area (currently drilling at the Ealbara project) so might be a long wait for HLX.
No information on the Yalleen JV with AQA.
The quarterly update will be coming out soon (likely next week) which should shed more light on Yalleen (and other projects).
The Tunkillia JV with MEP is still progressing with the feasibility study. The results from the study is at least another month away.
The Gawler Uranium JV with TOE is still awaiting the necessary approvals to proceed with drilling. TOE has a few projects in the area (currently drilling at the Ealbara project) so might be a long wait for HLX.
No information on the Yalleen JV with AQA.
The quarterly update will be coming out soon (likely next week) which should shed more light on Yalleen (and other projects).
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Thanks for that mate.
Yeah i knew TOE had put some other projects before HLX which natually i was a bit diassapointed about.
At the moment with Iron Ore being so hot, its the Yalleen project that would really put a cracker under HLX's share price.
Oh well, good to hear that quaterly report is due out soon.
Thx again
GN
Yeah i knew TOE had put some other projects before HLX which natually i was a bit diassapointed about.
At the moment with Iron Ore being so hot, its the Yalleen project that would really put a cracker under HLX's share price.
Oh well, good to hear that quaterly report is due out soon.
Thx again
GN
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Well the quarterly is out and the iron Ore projects are looking good.
The reason we haven't heard anything about the Tunkillia project is quote "The IOCGU* target in the Tunkillia regional exploration program remains untested due to ongoing Department of Environment access agreement issues for the Yellabinna Regional Reserve." Unquote.
Highlights from the report are
PROJECT OVERVIEW
IRON ORE
• Regional drilling commenced at the Yalleen Iron Ore Joint Venture, on the Robe Exit Prospect. JV partner
API (Aquila/AMCI) have intersected additional channel iron (CID), close to surface, on a broad spaced (1km
Centres) drill pattern. Initial drilling results provide further encouragement that additional CID exists within the
areas being targeted.
• Yalleen Iron Joint Venture partners agree to 10,000m drilling in a $2.3m exploration program for the 2007-
2008 field season. The drilling will infill the Kumina Creek Prospect to a sufficient level to facilitate a resource
calculation, as well as test additional channel iron and bedded iron targets identified from the 2006 Hoist EM
survey and field mapping.
• Helix has assessed the Yalleen Iron Ore Project to have the potential to host a series of significant iron ore
deposits over an area in excess of 25km², with the most advanced drilled target [Kumina Creek] having the
potential for in excess of 100Mt of CID at grades of between 57% and 60% Fe.
GOLD
• Glenburgh Project –Numerous drilling targets have been defined from gold in soil anomalies at Firebird (up to
2.5g/t Au), Barracuda East (up to 3.1g/t Au), Barracuda South (up to 0.6g/t Au), Challenger (up to 0.8g/t Au)
and North East 3 (up to 0.6 g/t Au). The Company has now secured heritage and environmental clearances
after some delays and a drilling contractor has been secured to complete a 5,000m slimline RC drilling
program commencing August.
• Tunkillia Project - JV partner and manager Minotaur Exploration calculated a new resource for Area 223 –
comprising a total of 800,000oz Au and 1,600,000oz Ag to a depth of 200m from surface. Economic studies
are underway.
URANIUM
• Uranium JV partner - Toro Energy are awaiting environmental approvals before testing five (5) priority
palaeo-channel uranium targets on Helix’s Lake Everard tenements.
GENERATIVE
• Field examination of the South Australian Adelaidian Projects has identified a series of base metal targets
including copper mineralisation on the Parachilna Project and Gold/Tungsten anomalism at the Fleurieu
Project. The recent acquisition of an additional 1400km² of tenement applications in the Olary District, (an
area prospective for gold, base metals and uranium) signals the company’s return to active exploration in
South Australia.
The entire report is too large to post so you will have to obtain from ASX etc
The reason we haven't heard anything about the Tunkillia project is quote "The IOCGU* target in the Tunkillia regional exploration program remains untested due to ongoing Department of Environment access agreement issues for the Yellabinna Regional Reserve." Unquote.
Highlights from the report are
PROJECT OVERVIEW
IRON ORE
• Regional drilling commenced at the Yalleen Iron Ore Joint Venture, on the Robe Exit Prospect. JV partner
API (Aquila/AMCI) have intersected additional channel iron (CID), close to surface, on a broad spaced (1km
Centres) drill pattern. Initial drilling results provide further encouragement that additional CID exists within the
areas being targeted.
• Yalleen Iron Joint Venture partners agree to 10,000m drilling in a $2.3m exploration program for the 2007-
2008 field season. The drilling will infill the Kumina Creek Prospect to a sufficient level to facilitate a resource
calculation, as well as test additional channel iron and bedded iron targets identified from the 2006 Hoist EM
survey and field mapping.
• Helix has assessed the Yalleen Iron Ore Project to have the potential to host a series of significant iron ore
deposits over an area in excess of 25km², with the most advanced drilled target [Kumina Creek] having the
potential for in excess of 100Mt of CID at grades of between 57% and 60% Fe.
GOLD
• Glenburgh Project –Numerous drilling targets have been defined from gold in soil anomalies at Firebird (up to
2.5g/t Au), Barracuda East (up to 3.1g/t Au), Barracuda South (up to 0.6g/t Au), Challenger (up to 0.8g/t Au)
and North East 3 (up to 0.6 g/t Au). The Company has now secured heritage and environmental clearances
after some delays and a drilling contractor has been secured to complete a 5,000m slimline RC drilling
program commencing August.
• Tunkillia Project - JV partner and manager Minotaur Exploration calculated a new resource for Area 223 –
comprising a total of 800,000oz Au and 1,600,000oz Ag to a depth of 200m from surface. Economic studies
are underway.
URANIUM
• Uranium JV partner - Toro Energy are awaiting environmental approvals before testing five (5) priority
palaeo-channel uranium targets on Helix’s Lake Everard tenements.
GENERATIVE
• Field examination of the South Australian Adelaidian Projects has identified a series of base metal targets
including copper mineralisation on the Parachilna Project and Gold/Tungsten anomalism at the Fleurieu
Project. The recent acquisition of an additional 1400km² of tenement applications in the Olary District, (an
area prospective for gold, base metals and uranium) signals the company’s return to active exploration in
South Australia.
The entire report is too large to post so you will have to obtain from ASX etc
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Gee...Helix IS looking for Iron ore in W.A aren't they!!?
This would have to be one of the slowest companies at making ANY kind of announcement!
Hey Arkady, did you find any news on up coming ann by any of HLX's JV partners?
yes very very slow, was in these guys a while back on the run from 15 to 20 cents.
back then we were waiting for results and it is painstakingly slow waiting for these guys. i think some of this is because the have JV'd the heck out of all their projects and are reliant on JV partners.
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Yeah im not overly impressed by the report.
I thought people might dump this stock today but it looks like Mr market isn't doing much at all in reguards to HLX.
By the looks we can expect to see more ann during the 3rd quater.
It was good to read that API is carrying out transport and port studies for its development of the West Pilbara projects and a Pre- Feasibility study due out in the 3rd Quater also.
I cant wait for TOE to get their drilling rig to some Helix tennaments...dam it!
Still its fustrating to see other stocks go up, while im stuck with HLX becasue I dont want to take a loss.
Guess I should follow YT's method and put HLX in the bottom draw for a number of months.
I thought people might dump this stock today but it looks like Mr market isn't doing much at all in reguards to HLX.
By the looks we can expect to see more ann during the 3rd quater.
It was good to read that API is carrying out transport and port studies for its development of the West Pilbara projects and a Pre- Feasibility study due out in the 3rd Quater also.
I cant wait for TOE to get their drilling rig to some Helix tennaments...dam it!
Still its fustrating to see other stocks go up, while im stuck with HLX becasue I dont want to take a loss.
Guess I should follow YT's method and put HLX in the bottom draw for a number of months.
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Finaly!
Broken out up over 22c on 1.3Mil volume.
After listening to the radio broadcast, im not really sure why its up today. It was basicaly just repeating what was in the quaterly report.
Looks like we might have drilling started and some results to follow on the Yaleen project in August.
A good time to plug the Iron Ore tenaments that HLX have with all the excitement surrounding the red stuff lately.
I guess tomorow or friday will be the true test. See how much profit taking gets done. Mind you...the day ain't over yet.
Broken out up over 22c on 1.3Mil volume.
After listening to the radio broadcast, im not really sure why its up today. It was basicaly just repeating what was in the quaterly report.
Looks like we might have drilling started and some results to follow on the Yaleen project in August.
A good time to plug the Iron Ore tenaments that HLX have with all the excitement surrounding the red stuff lately.
I guess tomorow or friday will be the true test. See how much profit taking gets done. Mind you...the day ain't over yet.
