HLX - Helix Resources

[mobcat]

What the ....dont you just love the markets ATM a good lead from the DOW and we are going backwards oh well one has to of gone forward to go backwards i suppose ..........This is good buying going by JTB,s words

 

[Sean K]

What the ....dont you just love the markets ATM a good lead from the DOW and we are going backwards oh well one has to of gone forward to go backwards i suppose ..........This is good buying going by JTB,s words

Mob, inevitable towards the end of the period to gather some free options. I hope that support at 27 ish cents holds.

 

[jtb]

Mob, inevitable towards the end of the period to gather some free options. I hope that support at 27 ish cents holds.

At work so gotta be brief but I hope there are some non-believers choking on their cornflakes when they realise they sold out a day early

Re: BONUS OPTIONS – TIMETABLE AMENDMENT
Helix issued a Bonus Option Prospectus on 19th September 2007, for the issue of one (1) free Bonus Option for every eight (8) Helix shares held on the Option Record Date.
The purpose of this announcement is to advise that the Ex Date for entitlement to the Options is 3rd October 2007, not 2nd October 2007 as detailed in the Prospectus.

Anyone wants to sell em down again, means I'll just keep buying

 

[Sean K]

At work so gotta be brief but I hope there are some non-believers choking on their cornflakes when they realise they sold out a day early

Re: BONUS OPTIONS – TIMETABLE AMENDMENT
Helix issued a Bonus Option Prospectus on 19th September 2007, for the issue of one (1) free Bonus Option for every eight (8) Helix shares held on the Option Record Date.
The purpose of this announcement is to advise that the Ex Date for entitlement to the Options is 3rd October 2007, not 2nd October 2007 as detailed in the Prospectus.

Anyone wants to sell em down again, means I'll just keep buying

I have actually found it common that traders will buy into a company like this in the lead up to such an event understanding that the sp will come off in the final days and certainly post record date. I think the run up in the sp has been caused by this and short term traders have just made the most of the opportunity. The sp may even come off some more post record date with punters taking the free options and cashing in ordinary shares. Anyone else seen this? Whatever the case, I would still be happy for the 27ish support level to hold as identified earlier. It's had a fairly solid run.

 

[jtb]

I have actually found it common that traders will buy into a company like this in the lead up to such an event understanding that the sp will come off in the final days and certainly post record date. I think the run up in the sp has been caused by this and short term traders have just made the most of the opportunity. The sp may even come off some more post record date with punters taking the free options and cashing in ordinary shares. Anyone else seen this? Whatever the case, I would still be happy for the 27ish support level to hold as identified earlier. It's had a fairly solid run.

K,

Definately a sound strategy for those that way inclined but for the longer term I think the free options combined with some more on market will definitely be a winner (due to averaging the buy price).
As the large buyers have been mostly off screen over the last couple of months I think the lack of 'apparent' buy depth will act as a buffer to a degree not to mention the MC of the company is still in bargain territory imo,
with nothing but apparent upside also for gold and Fe into the future.

I see that TRF have also farmed into Minotaur ground recently and two of the leases appear directly south of Tunkillia.
Greg Wheeler also mentioned some time ago in a BRR interview that they were looking at 'other opportunities' in SA:eek7

Olympic Dam news has obviously got the SA mob's blood pumping

".........But seriously news is coming i can feel it"

I think mobcat is onto something there

 

[mobcat]

Hey JTB ...........this ones a Gem hey all the hot sectors in one little low market cap company and all we need is news in each of the sectors Iron Ore AQA , U308 TOE , GOLD MEP cant help but get a bit excited with this one ATM big 1/4 ahead all due to report anytime.....oppies record tomorrow and news on something in HLX,s pantry later in the week my call

 

[Jimminy]

I'm waiting to get into AQA at the moment.

Yes, and AQA is waiting to get into Helix....see the ann out - anyone exited about it. Should be interesting times ahead.

 

[Sean K]

Yes, and AQA is waiting to get into Helix....see the ann out - anyone exited about it. Should be interesting times ahead.

Plenty of companies take positions in their junior JVs so I wouldn't necessarily be expecting a TO if that's where you're leading. However, it definately does confirm that the JV ground has significant potential. As Aquila are the one's drilling, has to be positive IMO.

 

[mobcat]

Guys this ones starting to really smell of privleged knowledge to me half of the action over the last couple of months has come from the top 20 all above 20 cents NICE .......HLX is tied up with AQA in IO and AQA buys what 7% HLX WOW this is big in my book these guys dont make mistakes why should they no the answers get my drift happy days indeed

 

[Jimminy]

Plenty of companies take positions in their junior JVs so I wouldn't necessarily be expecting a TO if that's where you're leading. However, it definately does confirm that the JV ground has significant potential. As Aquila are the one's drilling, has to be positive IMO.

No I wasn't leading down that path Kenna, but on second read I can see it might have been read that way.

Simply that AQA are shoring up their iron ore interests - and that they wouldn't mind a few free oppies along the way.

 

[Go Nuke]

Ok ok..Im oficially spewing at selling out most of my HLX shares now

I tryed to buy some in AQA instead, but the price didn't fall low enough and so i'm now paying for that 1 too

Guess its all good news for HLX and its holders.
Announcement due soon im sure.

Excuse me now... I have something i need to go do..:behead:

 

[Jimminy]

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.

A good line this one - the stockmarket is the transfer of wealth from the impatient to the patient.....

To think you only had to wait a few more weeks Go Nuke. Feel for you, as we have all done it as some stage.

Probably best you take HLX off your watchlist as I think you'll have more pain in the next 6 months.

 

[mobcat]

Whats the odds boys a bit of broker support on it,s way wouldnt suprise me one bit a nice little well oiled preso to stoke the fire a tad not that she needs it of late doing just fine on goss and activity now thats a specie in my book when the words out it,s to late goodluck all this is fun lately long live the bull

 

[jtb]

Dear JTB and others

No news here but a sincere appreciation on the discussion and information you have exchanged.
Simply great and considering such wealth of information is being given without any charge.

Please keep it up for enhancing the knowledge base for many dummies like me.

Regards

Miner

G'day Miner,

Sorry but I just saw your post- no worries from my end hey

Missus sends me an email at work today “HLX up 10c WTF”

First thing I thought- Nuke’s gonna be spewing

Well it seems I’ve found my off screen accumulator from last month (although by my reckoning he only bought about 5 million not 7 – must be nice hey)

So now the top 20 HLX holders own nearly 50% of the stock/options

Anybody else go looking to see if Mr AQA or his related entities had any substantial holdings in either CUL or RHI?
I couldn’t find any, so if anyone else has any info’ it would be appreciated.

What did raise my eyebrows though was that the most recent TOP 20 for CUL had my old mate ‘Wythenshawe’ back to # 6 with a puny 4 million shares!
The figure I quoted some time ago (11 odd million shares) from the 2006 annual report (the most recent I could find at the time) threw me because the # was nearly identical to the # of shares held by one the CUL directors.
Putting 1.98 and 2 together I mistakenly came up with 4.

So looking at the revised figure ‘Wythenshawe’ isn’t Mr CUL, just a substantial holder that see’s better value in HLX.
Selling down 7 million CUL FPO’s to buy 9 million HLX (remember he’s affiliated with Warramboo also) at probably twice the price.

Hmmmm- so after looking around in RHI’s info for a TOP 20 and having no success I notice that of all directors- Mr J Pitt (Non-executive) is the number 1 holder with 2,708,825 RHI shares.

That name ring a bell to any of you old gold bugs????????????????????

Me too, so off I go looking for Mr Pitt’s history and guess what-

He used to be ‘The Man’ at Dalrymple many years ago and I did my first 1000m day (near Kookynie) for those guys, which is something that sticks in your mind let me tell ya.

Now being gold bulls we all remember who discovered ‘Thunderbox’ don’t we…………………………………………………………………………

Yeah he’s definitely a handy bloke to have on your board.

Guess what I found next……………

You got it, Mr CUL is actually Mr f#@$kin RHI, a very astute geo’ and a goldfields legend.

It may be me, but when you add in MR AQA stepping up and paying up to 27c for copius amounts of HLX - I’m detecting a trend here?

 

[dubiousinfo]

JTB,

That's great research, well done.

I will be looking to re-enter again now there are some oppies coming back on the market.

 

[mobcat]

It may be me, but when you add in MR AQA stepping up and paying up to 27c for copius amounts of HLX - I’m detecting a trend here?

So am I JTB this is a good trend with good company as you point out well done mate hope it keeps up.... the buying trend that is ......will only get stronger IMO on the news that has stimulated the buying that us punters arent privie to but as a collective have seem to of un earthed well done all a early foothold is worth big dollars in a company with this potential happy days indeed

 

[jtb]

Plenty of companies take positions in their junior JVs so I wouldn't necessarily be expecting a TO if that's where you're leading. However, it definately does confirm that the JV ground has significant potential. As Aquila are the one's drilling, has to be positive IMO.

Hey Kenna's,

In light of my stumblings this arv'y then what do reckon about the chance that RHI and AQA directors may have a passing acquaintance, you know a couple of crownies around the fire sort of thing?

Speculating on the number of shares that these two blokes have decided upon (16 million between them) if we extrapolate to a conversion of all options the day they hit the boards then they will still have 12-13% between them.
Thats a nice blocking stake if your that way inclined

With Mr Pitt having gold glory in the past and our friend at AQA lending some credence to HLX's stated " several hundred million tonnes of Fe @ Yalleen"

How does letting HLX's funding carry them through for the next 12 months, (while Minotaur spend the rest of their millions drilling Tunkillia to smithereens).
Mr Pitt takes the SA resources- flicks the uranium ground to Toro for a few bob- makes a motza on the gold resource, they split the 60-90million tonnes of iron between them and Mr Wheeler gets a dollar fiddy a share (and $1.20 an option) next xmas -strike you for a theory.

If they can get $50 a tonne for the iron delivered to the boat with a $25 FOB figure as stated in the quarterlies, then that throws Yalleen value up at $2.25 BILLION for 90 million tonnes by my figuring

Dubious,

Glad to here your coming back- if we keep going at this rate I think we're going to be paying a bit more for those options then I expected.

Mob,

Yeah some media will be interesting won't it

Got to apologise to the cornflake eaters too regarding the ex date statement yesterday- I, ahhh, wound my watch forward to the 3rd today

 

[jtb]

Morning all,

'SPOTLIGHT' on HLX pg 60 (Business section) of todays West Australian

The Journo obviously couldn't find a current TOP 20 for RHI either as he quotes February this year concerning AQA's con-current 15% stake in RHI

Interesting that Antoni Poli was also a significant shareholder in CUL last year ,alongside me' old mate Joshua Pitt, but doesn't appear in their Top 20 any longer

 

[YOUNG_TRADER]

Hey guys,

Well I was very very happy to see AQA getting on board, validates my bullishness on the Iron Ore which I've held for ages,

I managed to pick up heaps at 20c during weakness but have been a seller lately,

I love the long term fundamentals but I don't think there will be any updates for awhile,

The PFS for AQA has been really really delayed and MEP still haven't released an update on Tunkillia

 

[Sean K]

I love the long term fundamentals but I don't think there will be any updates for awhile,

YT, While agree that a lot of the potential may now be factored in, I think there could be some upside surprises to come shortly (this qtr).

While they are infil drilling Yalleen for a JORC, they are also drilling additional channel iron and bedded iron targets identified from the 2006 Hoist EM survey. This includes first pass drill testing of the Robe Exit, Robe West buried CID targets and BID targets identified within the Marra Mamba Formation. These results should be out this quarter.

While 100Mt maybe factored in at Yalleen, they have stated they have the potential for many millions of tons, as I highlighted from the last quarterly a while ago.

Also, if AQA up their stake a little more then expect another spike.

Other minor upside may come from:

**Glenburgh gold. The first-pass 5,000m slim-line RC drilling program is scheduled to commence over the prioritised targets early in Q3. Historically good grades and with au running away to $5000 in the near future , could be good.
**West Pilbara. A budgeted Airborne Geophysics survey and Hy-mapper hyperspectral interpretation for the West Pilbara Project is due to start in Q3. One of the interesting targets is a Radio Hill Ni type thing.
**Toro U JV may be given the environmental clearence to start drilling, although U is in the dog house right now...

Enough ramping from me......

Having said all that, it's probably time for some consolidation, probably around 30 cents. Unless the US goes pear shaped again.