HLX - Helix Resources

[YOUNG_TRADER]

Hey thanks for the info dubious,

Out of curiousity is that from just research, or from an article or an ann? ? ?


I've always thought that if OXR wanted into the project they would T/O HLX, vend the tunkilla gold assets to itself, give the Uranium assets to its spin off TOE and the rest of the exploration ie Gold Glenburgh, and Iron Ore in Pilbara to MEP to do further work on.

Skegsi, I can't give specific buy recommendations,

With less than 3 months to go until expiry the options are very risky, but still offer extrmeme leverage given that the exercise price is 14c,

For example if HLX runs from current 13c - 20c = 54% return approx,

But the 2-3c options would be worth 6c = 200%-300% return

But then if the SP never gets above 14c the options will expire worthless

I hold alot of the options and a nice portion of the stock,

I'll have a better idea once both HLX and MEP release their current Quarterly reports


Regards

 

[Sean K]

I've been watching this for some time, as per my previous posts, and have taken a little stake.

My position has been more based on the chart, than the fundamentals that YT has so well explored. I have great faith in YTs analysis, but as a predominantly technical analysist, I like to see FA confirmed with TA and vice versa...they go hand in hand for me at the moment. When the planets line up in this regard, then I have more conviction in my trades.

Three month chart:

The 3 month chart is a period of consolidation between 12 and 14 cents and looks like a time when the market is looking and waiting for the next news. And, as part of a short term upward trend, the market is perhaps expecting that to be positive. A cup and handle appears here and seems quite bullish. So, the odds are for a continuation of the upward trend, IMO. A break below 12 cents will be negative. A break above 14 will be more bullish. Watch this zone.

One year chart:

The one year chart looks ok and there's definately a cup and handle there. But what is the trend? Support and resistance between 14 and 16 cents.

Two year chart

Cup and handle still there but resistance moreso at 15 cents.

Three year chart

Looks far more negative. Generally trending down, but could be classified as approaching a breakout. This is where I see the potential in the charts. 15 cents seems to be an important line to me and coincides with the downward trend line, means that if the stock breaks through here, then it may start an upward trend. This also coincides with important resistance lines in the one and two year charts.

Longer term

20 cents is even more important, and if it starts moving towards here, we have a general upward trend instead of just recovery....

See charts below.

Sorry they're out of order: 1 year, 2 year, 3 year, 3 month.

Seems buying in the zone between 14 and 16 cents is a good time to get into this stock, if you believe in the fundamentals. Having a stop if it breaks down from this point seems logical, and running it up to 19 cents might be a good idea just before resistance at 20 cents.....

As always, these are probabilities based on very basic TA. The market is an amazing beast and may not go with the TA probabilities, due to many factors outside of anyones control.

All the best.

 

[dubiousinfo]

Hey thanks for the info dubious,

Out of curiousity is that from just research, or from an article or an ann? ? ?

YT
The info is from research. Most of it can be confirmed from the announcements of the 3 companies over the last 3 years.

 

[YOUNG_TRADER]

Um ok, just looked at HLX depth where did those buys come from?

Kennas what usually happens when a breakout occurs from a cup and handle? So if it breaks 14c what does that mean? ie is their a target price? ?

12c looks like very strong support, that order for 1m at 12c is still there, but 14c still has a few shares as resistance


I reckon those ann I've been talking about are coming out, there's no other explanation for it

Watching closely

 

[constable]

Um ok, just looked at HLX depth where did those buys come from?

Kennas what usually happens when a breakout occurs from a cup and handle? So if it breaks 14c what does that mean? ie is their a target price? ?

12c looks like very strong support, that order for 1m at 12c is still there, but 14c still has a few shares as resistance


I reckon those ann I've been talking about are coming out, there's no other explanation for it

Watching closely

bought into this at the open and dumped them on the sell side @ 13.5 didnt expect these to move today but was pleasantly suprised. Looks like 14c is a sitting duck!

 

[Sean K]

Um ok, just looked at HLX depth where did those buys come from?

Kennas what usually happens when a breakout occurs from a cup and handle? So if it breaks 14c what does that mean? ie is their a target price? ?

12c looks like very strong support, that order for 1m at 12c is still there, but 14c still has a few shares as resistance


I reckon those ann I've been talking about are coming out, there's no other explanation for it

Watching closely

Target is the depth of the cup, from break up, so around 20 cents. Maybe.

 

[jasoni]

14c has just been knocked out, lets hope it closes strong! Strong buying support at 12 - 12.5c.

 

[YOUNG_TRADER]

Target is the depth of the cup, from break up, so around 20 cents. Maybe.

Thanks K, so 20c is an intial target once breakout occurs above 14c, I thought that as well based on the fact that it was the only real resistance level left after 14c,

I know that follow up drilling was planned by JV on the Pilbara Iron Ore grounds to firm up the buried channel Iron Ore

Also know that Toro completed a Uranium survey over the HLX JV grounds and drilling was planned 1st Qtr 07

Will have to wait and se what it is,

HLX's Qtrly should be out very shortly, all companies must release their Qtrly's by end of Jan

 

[YOUNG_TRADER]

Attached is an image from Toro's survey in S.A.

HLX owns the Tunkillia and Yellabinna Tenemnets and TOE is earning a 51% interest in them by doing all the work

Is it just me or does the survey highlight Tunkillia and Yellabinna as the most prospective areas of the survey?

p.s. hope the upload worked

 

[Sean K]

Thanks K, so 20c is an intial target once breakout occurs above 14c,

I would like to see it clear $0.145, and hold for a day or so above for confirmation, but by that time it might have run...

Those options did ok today.

 

[Ants]

HMMm,..........will it run

 

[YOUNG_TRADER]

Does anyone have any views on those Uranium anomolies outlined by the Toro survey that I attached to my earlier post?

 

[Sean K]

HMMm,..........will it run

Normally, when a stock breaks long term resistance it does. That's why people study breakouts so carefully. But not ALWAYS!

 

[YOUNG_TRADER]

Normally, when a stock breaks long term resistance it does. That's why people study breakouts so carefully. But not ALWAYS!

Has it broken long term resistance though?

For once I am so eager to know whats driving the SP all of a sudden, the only real change thats occured in this company over the last qtr was

1. Back in Nov Toro finished its U survey which highlighted those very large U-targets

2. In Dec MEP finished another round of drilling on Tunkillia with assays due soon, along with a resource upgrade etc later on this Qtr

3. Out of nowhere Mid Dec HLX advised of an Iron discovery in Pilbara W.A. until then I didn't even know HLX had this project

It could be any of the above 3 driving the SP atm, insiders, accumulators, the suspense for once is getting to me, lol usually I'm the one telling people relax its just this or its just that.

I'll be checking the following Qtrly's for updates

- MEP on Tunkillia
- TOE on S.A. Uranium
- AQA on Iron Ore JV

and obviously HLX for all of the above

 

[Sean K]

Has it broken long term resistance though?

No, it hasn't IMO.

I think a break through the short term resistance is over $0.145, medium term $0.15, and long term $0.20. It's clearer on the 3 yr weekly I posted above.

 

[YOUNG_TRADER]

Kennas, I think I speak for all when I say that is some amazing technical analysis you've put up there,

Didn't realise it at first as it was a busy day, but now that I am looking at it, its incredible,

Some very interesting charts, along with support resistance and pattern formations,

Its interesting that 14c is/was acting as resistance as HLX has 25m 14c opies, I bet if they were 15c opies, 15c would be acting as the resistance and not 14c,

Notice you've picked it for a possible breakout, will be watching to see if it does, is the crossing of the MACD significant in terms of breakouts?

 

[Sean K]

Notice you've picked it for a possible breakout, will be watching to see if it does, is the crossing of the MACD significant in terms of breakouts?

MACD about to cross like this is more evidence that it's going to break UP, as opposed to anywhere else. It's a high probability trade to me.

Having said that - **** happens, markets change overnight, blah, blah. If I was going to trade off this situation, I would definately have a stop in place if it didn't continue with the probable pattern, to reduce loss on an unlikely occurrance.

Will be interesting to see where it goes.

(holding oppies (not many), so I hope UP!)

 

[dj_420]

this does look to be a very undervalued stock based on a fundamental analysis. when toro starts drilling could give sp a boost.

will wait and see what qtrly brings. this is very undervalued with its uranium play anyway.

 

[YOUNG_TRADER]

this does look to be a very undervalued stock based on a fundamental analysis. when toro starts drilling could give sp a boost.

will wait and see what qtrly brings. this is very undervalued with its uranium play anyway.

Hey DJ, what did you think of the Uranium anamolies identified by Toro, its in a attachment in my post number 69, they look huge compared to Warrior etc

Thoughts?

 

[dj_420]

yes they are definately much larger than warrior tenement. show great potential. i think market has forgotten about HLX, they have some significant uranium interests and are around 1/3 of many uranium explorers who have little exp tenements.

in addition to this they have gold deposits. dont know why this one is so overlooked. perhaps qtrly can bring some light onto this stock.