HLX - Helix Resources

[mobcat]

Yeah un real behavior alright YT but all is within the disclosure laws for directors all be it very cheeky IMO...... why didn't HLX,s management just wait till say mid October to issue news and save there integrity as a honest management team?
I cant understand why but greed can inspire confidence so it could be a very interesting month ahead for HLX ahead anything could happen management obviously knows something us share holders don't being this cheeky ATM funny they didnt go for 1 for 2

 

[jtb]

Gee tough crowd

Considering the miniscule admin' costs that HLX management draw (130k per quarter- and theres a geo' in there) and the fact that there are no performance shares/options or other director freebies hiding off market.

Plus Mr wheeler has been buying on market for months, I have no problem at all with todays action.

I'd be pi$$ed if they'd issued a heap of freebies to themselves or cronies but how can anyone be distressed about today????????????????

They've given a months warning to anyone interested in topping up/buying in and prior to the Dow inspired wobbles there is no premium in todays price then there was a few weeks ago.

Nobodies made any money other than a couple of traders and todays action was simply brokers mates turning a buck and they weren't in it for the loyalty options anyway.

I'd be happier if the announcement had the record date a week ago but I imagine there'd be an outcry then

This from the last quarterly originally perked up my ears originally-

"In addition, Helix is aware API has commissioned various Port and Transport studies for the development of its
West Pilbara Iron Ore Project and indicated in early 2007 the following:-
1st objective to define initial resource in Stage 1 sufficient to support 10-20 Mtpa operation over minimum 10
year mine life
FOB costs likely to be USD 20-25/t
Pre-Feasibility study due out 3rd quarter 2007
Internal desktop studies by Helix based on available data for Pilbara iron ore companies suggest the project
economics for Yalleen are positive, although significant work is required to be completed by the JV Manager and
appropriately qualified experts prior to the release of economic studies confirming this preliminary assessment.
Given the positive findings to date, Helix intends to maintain its 30% interest in the Yalleen JV once the earn-in
has been reached, and is confident of the expertise of API [70% interest holder in Yalleen and majority partner in
the Red Hill and Cullen JV’s in the West Pilbara] as managers of the project to mitigate the risks relating to
exploration and development of the Yalleen Project."

As I mentioned earlier CUL at 10 ish cents places HLX somewhere around 60c simply on a Fe peer comparison.

I'm waiting on the AQA announcement regarding a chinese partner

Go HLX

 

[YOUNG_TRADER]

I wasn't talking about management buying recently,

I was talking of the very obvious inside buying that occured this morning and just before the announcement came out,

It just happens so often people have become used to it,

I think and always have thought HLX is a great long term play, but I did again trade out some shares at 28c today (like last time)

 

[jtb]

Glad to hear YT- yeah it crossed my mind to shed some too when I saw 28c, but am happy to wait atm.

Brokers are blatant mate, particularly when it comes to shares and placements.
I don't know whether its my bias but oilers seem particularly prone

 

[Go Nuke]

Well i missed out on the 28c exit, but got out at 25c today.
Pretty crap gain for me having bought those at 24c back in about Feb, but I'm feeling confident that the share price will come back down to around the 19.5c support mark......as it has done before.

The only thing to screw me up would be the ann from API being released....and Im sure I will be able to hear the ASF Helix followers laughing hard at me if that comes in the next few days

Would anyone like to give their thoughts on where HLX might go from here?
Alot of sellers lined up around 28c.

*RSI is up
*Stocastics are saying overbought

 

[jtb]

Hey Nuke,

Least it wasn't a loss hey.
Personally I think it will take some severe global wobbles to knock her back down this time.
I'm at work so I can't make a chart but I reckon 22c will be support now (despite the gap ) and that looks a bit like a pennant on the daily.

I wouldn't worry about those sellers @ 28c too much as there were single buyers picking up parcels like that on monday.
One sat there bold as brass @ 26c and waited to be filled.

Considering the free options I would think buyers will come not, go.
Considering HLX have stated they have the money for 07/08 drilling commitment and the options issue is only a very conservative 14mil options (thus preserving shareholder value) with an expiry that could encompass Fe production, they may be of substantial value in the very near future.

Secondly with all the chatter about Au breaking $800 on its way to $1000 by the end of the year- 400,000 Oz of the stuff has got to be worth something don't you reckon?

Best of luck anyway, if we don't hit >40c by Xmas you can laugh at me.

 

[Sean K]

Hey Nuke,

Least it wasn't a loss hey.
Personally I think it will take some severe global wobbles to knock her back down this time.
I'm at work so I can't make a chart but I reckon 22c will be support now (despite the gap ) and that looks a bit like a pennant on the daily.

Yep, 22 support, pending market crash.

Sort of a little pennant there.

Resistance around 28....

Seems to be some sellers coming in around that level for some reason! :aufreg:

 

[YOUNG_TRADER]

Hey Nuke,
Secondly with all the chatter about Au breaking $800 on its way to $1000 by the end of the year- 400,000 Oz of the stuff has got to be worth something don't you reckon?

I've always felt that the Tunkillia JV with MEP sorta underwrote HLX's SP, so buying it around 20c to me was low risk, however I must admit that of late I am getting the feeling that MEP ain't as committed to Tunkillia development and that troubles me,

Last year all of MEP's presentations centred around Tunkillia, they have taken 2 yrs of dragging their feet with drilling and optimisation studies blah blha, but lately, Tunkillia features lower and lower in the presentations, also MEP have started acquiring projects overseas now too,

I really hope it isn't the case, but I get the feeling that MEP are not that sure they can brin Tunkillia into production, if they were, it would be there sole focus as it was last year, I hope I'm wrong

 

[Go Nuke]

Thank you very much guys for your thoughts.
I didnt sell all of my HLX shares, as the second parcel I bought ages ago was at 22c and I wanted to keep some exposure.

Perhaps I AM learning something as I go...hehe.
I am keen to buy back into HLX and have an order at 19.5c. I might adjust that...we'll see.

I hadn't forgotten about HLX exposure to gold, and yep I have been watching the price go up and up.
Personaly I thought that after seeing the ann today saying that the bonus options would be final on the 9th of October (I think), that Helix wouldn't make an announcement about the Yalleen project before then.
Only because I thought that would make everyone jump on board just for the bonus options and throw the sp way out of kilter.
But as u have have brought to my attention jtb, I didn't read the part about there only being 14Mil options available.

It all comes together now..sort of
Thx again guys.

 

[jtb]

I've always felt that the Tunkillia JV with MEP sorta underwrote HLX's SP, so buying it around 20c to me was low risk, however I must admit that of late I am getting the feeling that MEP ain't as committed to Tunkillia development and that troubles me,

I really hope it isn't the case, but I get the feeling that MEP are not that sure they can brin Tunkillia into production, if they were, it would be there sole focus as it was last year, I hope I'm wrong

YT,

I figure that Minotaur are still commited to spend >$2 million (more than likely 3) in the next two years- most of their drilling to date has been AC (slimline RC so thats only $20-40per/m (or 18 months if we go off the March 05 JV signing) or breach the JV agreement.

They also mention development work is underway so I reckon there's substantial value in this asset for HLX just off the radar atm.

Good on you too Nuke

 

[YOUNG_TRADER]

Hey JTB,

Yeah I know MEP are still working on it, my point is though that it no longer appears to be their sole focus,

I don't get it, the deposit is there, its good grades ie 2g/t Au+ Why are they taking so long!

C'mon MEP you guys discoverd Prominent Hill, get on with it, start developing that mine so us HLX's can all the way to the bank

 

[Sean K]

I think the market has forgotten about it's gold.

It may be at the mercy of the general market right now, but a couple of interesting things chart wise. It bounced off 24 ish a few days ago, maybe confirming 23 ish it as some support. We're now breaking up out of a dodgy pennant heading back to all time highs. (however, day is young)

It's been a great 1 year return, if just a tad volatile!

Maybe Aquila can be nice and deliver some good drilling results from Yalleen while the markets happy....

 

[Miner]

I agree with you.

I visited Helix Resources Mine some 14 years back. It was excellent one then. But now with more players and the low life of mine HLX probably offers little value unless Aquilla delivers something great. As we know when a geo analyses the ore and then it gets published there is at least a week delay. That is the time good confidential result makes the life better even the result was bad.

I am sure the Director is an intelligent investor to buy a large parcel of his own shares from market.

 

[mobcat]

HLX has seen some nice buys this week and today shes starting to simmer 8 for 1 coming soon and people want in good times a head all...... GO HLX you hidden overlooked GEM

 

[jtb]

Hey Mob,

Yeah looks like someone had an extra shot in their flat white this morning

Or we have another ann' coming.

Did you get your annual report CDrom yesterday?

 

[Sean K]

Would be nice to breakout to 4 year highs. Must be an ann I'd guess. Hopefully some good grades and widths at Yalleen...

 

[Sean K]

This was a significant trade compared to usual acty.

Interesting................ Perhaps YT is buying. LOL

 

[YOUNG_TRADER]

Would be nice to breakout to 4 year highs. Must be an ann I'd guess. Hopefully some good grades and widths at Yalleen...

Isn't it amazing that when we have strong upward movement here, we know that an ann is coming, I really hope not as this would be the 2nd time in a few weeks that insider trading has occured on this stock,

I'm not complaining because a higher price = more profits, but I do get sick and tired of these strong move ups followed by an announcement, not fair to us avg mugs

 

[YOUNG_TRADER]

This was a significant trade compared to usual acty.

Interesting................ Perhaps YT is buying. LOL

Hey Kenna, no not me, I was set back at the teens and low 20's

I've actually been a seller at or above 28c, its worked a treat so far as I buy back on retrace, hope it continues to work

 

[mobcat]

Yeah quite novel hey JTB another coaster for the collection lol ..........Starting to look a bit more serious this run on HLX ATM today could finish very nicely news is well overdue as well and a nice gold ann would be timed to perfection ATM followed up by AQA and some IO news and then a bit u308 ann from TOE to take us to 50 cents a nice dream but they do come true at times and HLX to me has the potential of a short term multibagger with all the irons it has in the fire ATM in very hot sectors firming as my #1 specie ATM GO GO HLX