HLX - Helix Resources

[Sean K]

Finaly!

Broken out up over 22c on 1.3Mil volume.

.....

A good time to plug the Iron Ore tenaments that HLX have with all the excitement surrounding the red stuff lately.

......

Looks to be breaking up. I agree with the iron factor here. Might be why it's being re-rated now.

 

[AJ_]

hopefully the good action today will continue and break the previous high...

been holding for a while since converted the options

 

[Go Nuke]

Woot Up to 25c at the moment.

Some bigger buyers comming in wanting to pay 23-24c.
This is great! Ive been holding for so long and seen very little action.
It caps off a good week really (even if it is only Thursday)

I had the pleasure of meeting Daryl Guppy last night here in Brisbane and its taught me even more of the basics that i didn't know

He mostly discussed Mulitple Moving Averages and if you look at the HLX chart......ITS LOOKING GOOD

Now...just to put that new skill into place....stop losses..lol.

Goodluck all

 

[Jimminy]

Announcement this evening.....BRR interview.

Greg Wheeler has stated that they are not expecting any announcements to be made on any of their projects until the back end of June.

Which I then interpret as being mid-late July.

Well we've waited months for announcements whats another 2-3 months...lol

Doesn't time fly!! Well, those who have been patient and left these sleeping like a few of us on here are finally seeing some prospect of why we hold in the first place.

July was always going to be the month for Hlx - GO YOU GOOD THANG.

 

[AJ_]

I'm feeling that this is just getting started.... lots of potential here that perhaps has been overlooked in favour of other 'trading' stocks.

 

[Sean K]

Looks to be breaking up. I agree with the iron factor here. Might be why it's being re-rated now.

Was posted in potential breakout too, and was outstanding really. Now having broken all time high on volume looks to be considerably re-rated.

I'm feeling that this is just getting started.... lots of potential here that perhaps has been overlooked in favour of other 'trading' stocks.

However, DO NOT discount traders jumping on this (if they already haven't) to cause sudden spikes and sell offs. The recent jump should be followed by natural consolidation.

(holding)

 

[YOUNG_TRADER]

Was posted in potential breakout too, and was outstanding really. Now having broken all time high on volume looks to be considerably re-rated.

However, DO NOT discount traders jumping on this (if they already haven't) to cause sudden spikes and sell offs. The recent jump should be followed by natural consolidation.

(holding)

Hey Kenna,

I have been holding about 500k shares since Jan when I first picked HLX, I sold about 300k towards late Friday at the peak because I too thought what you thought and somewhat regretted not getting the 28c peak back in Jan

I will continue to hold the balance to see what the JV's can pull out of their hat, MEP is really dragging their feet though as are TOE! And I hope AQA doesn't get too focused on just the RHI and CUL JV's

 

[Go Nuke]

Hey guys, as a learning curve for me......Did you decide to sell at around 27c mark becasue that was a point of previous resistance?

I noticed on my P&F chart 27c was the last time for quite awile that it got that high.
Is that the general rule of thumb that people in the stock market get a bit spooked when a share price like HLX's gets up that high and generaly sell off and wait for a bounce to re-enter?

Thx for your help
GN

 

[Sean K]

Hey guys, as a learning curve for me......Did you decide to sell at around 27c mark becasue that was a point of previous resistance?

I noticed on my P&F chart 27c was the last time for quite awile that it got that high.
Is that the general rule of thumb that people in the stock market get a bit spooked when a share price like HLX's gets up that high and generaly sell off and wait for a bounce to re-enter?

Thx for your help
GN

I haven't recently sold. I bought this on the breakout through 22 ish, and would have expected some consolidation around these levels, but not a reason for me to take profits yet. Breaking back down through 22 would be untidy, as a new trend would not have been established and it's more likely to go back to sidways movement. I'll probably top up if it consolidates around 25 and then bounces up again through all time high.

 

[Kipp]

Is that the general rule of thumb that people in the stock market get a bit spooked when a share price like HLX's gets up that high and generaly sell off and wait for a bounce to re-enter?

GN

Not at all. Breaking through all time highs is usually a good time to make a trade in my experience. Take a look at a few charts... ZFX (at $13.50, JML (at 1.33), EVE (0.13), anything really... when they have broken all-time highs they have very hard. See Nizar for details.

P.S. I'm glad to the see the long suffering Go-Nuker get something to smile about

 

[Go Nuke]

Not at all. Breaking through all time highs is usually a good time to make a trade in my experience. Take a look at a few charts... ZFX (at $13.50, JML (at 1.33), EVE (0.13), anything really... when they have broken all-time highs they have very hard. See Nizar for details.

P.S. I'm glad to the see the long suffering Go-Nuker get something to smile about

LOL thank for that.
That too made me smile

Thanks for your reply too Kennas.
Yeah not really knowing much I was a bit worried that perhaps i should have sold out around 28c then bought back in on the retrace.
But I recently found out about the count-back method and well...I wasn't prepared to work from that and make a 1c profit after waiting all this time:crap:
At this stage your spot on Kennas, its up 4% so far today. Some late buying by the looks.
Like the pro's say, any idiot can buy...its knowing when to sell that takes the skill.

{p.s..all this take my mind off BMN}

 

[Go Nuke]

I haven't recently sold. I bought this on the breakout through 22 ish, and would have expected some consolidation around these levels, but not a reason for me to take profits yet. Breaking back down through 22 would be untidy, as a new trend would not have been established and it's more likely to go back to sidways movement. I'll probably top up if it consolidates around 25 and then bounces up again through all time high.

So kennas, do u still hold now that HLX has dropped to 22c today?

This is the most depressing look at the stock market ive seen All my money is ties up, so no buying oppertunities for me.

I do think that 25c might be good support for Helix. Lets see when all this share price stops sliding.

 

[Sean K]

So kennas, do u still hold now that HLX has dropped to 22c today?

This is the most depressing look at the stock market ive seen All my money is ties up, so no buying oppertunities for me.

I do think that 25c might be good support for Helix. Lets see when all this share price stops sliding.

I have sold a portion but not all. Not until an EOD close below 22. There looks to be good support there. Looks to be panic selling about the place that will subside eventually. Maybe.

 

[jtb]

I have sold a portion but not all. Not until an EOD close below 22. There looks to be good support there. Looks to be panic selling about the place that will subside eventually. Maybe.

Agreee kenna's, will be watching 22c too. still holding well I thought- I'll let the week shake out I think before committing more or less

 

[jtb]

Meant to ask, hows the reds over there???????????????
Have been working my way through some delectable Clare Valley, Cab' Merlots recently and wondered if you were on the YAK wine

 

[rico01]

A director buying 200,000 shares at 20c seems to have sparked a little interest today currently 23.5

 

[jtb]

A director buying 200,000 shares at 20c seems to have sparked a little interest today currently 23.5

On top of the 300K he grabbed @22c on the 1st and the 2nd too
I grabbed more @ 22c after the previous ann'- could have waited but was happy to pay up.

 

[jtb]

Anyone notice the substantial shareholder notice today?

9% of HLX is a reasonable stake.

I think it interesting that 'Wythenshawe' P/L are also Cullens #6 shareholder

Don't know anything about the 'Warramboo' association but considering the EPA knock back @ mesa A (Warramboo Fe project) me thinks they have a thing for iron ore also?

On top of Mr Wheelers continued interest in on market purchases I wonder if something is in the wind

 

[Sean K]

On top of Mr Wheelers continued interest in on market purchases I wonder if something is in the wind

Hi jtb, the red in Peru is very ordinary. However, the Chilean and Argentinean drop is exquisioto! The only local drink you should try in Peru is Pisco Sour, and if you get a good one, they are sensational. Now, what's this thread about, oh, HLX...

I've been watching the market depth closely the past week or so, waiting for some signs of significant interest and there has been a few relatively large trades in this for a small cap. Very small cap. After briefly dropping through 20 it's clawed its way back to be trading between 20-22. I've bought back in around these levels as I think there's more upside in the fe play. I'm not sure if the market even knows what they could potentially have with the Yalleen JV. Needs some positive drilling results to come through I think for anyone to notice.

 

[jtb]

Hey Kenna's glad to hear that you've found yourself a drop (exquisito sounds yummy) Yes would love to try the Pisco sour one day- got another new addition in the house so not going anywhere for a little while

As for HLX, as per my earlier rudimentary chart I saw .18 as the crucial test of resistance as the big drops in the DOW were definately near.
I got a few under 20c but there was definately others watching as closely.
The director buying twice after the AQA quarterly mentioned these little snippets-

"Exploration activity undertaken by API during the
Quarter has concentrated on the Yalleen, Red Hill
and Mt Stuart joint venture projects.
At the Yalleen Project a program of RC drilling
was completed providing initial assessment along
the edge of the Hamersley Range testing near
surface resistive Hoist EM targets interpreted to
be potential channel iron deposits. Late in the
Quarter, the drilling commenced at the Mt Stuart
and Red Hill projects assessing the northern
extensions of the Kens Bore and Catho Well CID.
Results have been received for the Yalleen
Project program.
"

Peaked my interest.

Then todays ann' regarding a new substantial holder who happens to be a major holder of another API JV partner (in CUL), who are I'm sure privvy to whispers related to the above seems to be extremely interesting.

Something is definately afoot