HLX - Helix Resources

[mobcat]

Geez Kennas ramping king of the universe LOL Gold going to $5K Wooo HOO might sell my wedding ring and buy some more HLX the REDS must have some mean sedi in bottom over in Peru tonight lol rotfl :

Seriously Good post mate lots of good stuff coming this 1/4 and i feel in particular this month the patient will be rewarded in this one no doubt....... hold tight and i reakon AQA are going for 15 % as a starter i was wrong once but it turned i made a mistake at the time cheers mate enjoy your red

 

[Sean K]

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

Consolidation going on above support. Would expect it to hold and of course will be disappointed if it doesn't. Come on AQA, get some results out and strike while the iron's hot! LOL

Chart with some blue lines on it:

 

[jtb]

G'day K',

Well we've got some excitement in the Fe juniors lately haven't we?

WTF is going on with TLM btw?

After glancing at the thread I see they've run to a fully diluted MC of $70 million:eek:
Is that just on a possible 35 million t/fe and exploration upside to 250 MT?

If thats the case then we should be off to >60c this week then

Have been watching the trading pretty closely and looking at the chart I'm expecting an upwards break any day now.

Have been rooting around looking for something concrete to explain the recent AQA directors 'buy at all cost' approach to gathering his 7 million FPO's. Assume its not Glenburgh Au drilling which is mentioned as having commenced in August?

I've sent an email off to HLX clarifying some of the timing mentioned in the last ann' too so I'll let you know.

Something I had overlooked though was their statements regarding 'Bonham' and also 'Robe West'.

Can we assume that drilling in the bedded 'Marra Mamba' / Robe pisolites has commenced/is proceeding @ Bonham?
This is a big batch of targets not even included in HLX'x 25 km² surface area figure The timing could also explain the sudden Aquila interest????????

Or first pass at Robe West? At twice the size of Kumina Creek the we could be looking at another conservative 60M tonnes to HLX?

By my calculations Mr Poli paid an average of just under 25c for his 7.5 million shares and Mr Pitt paid a low 20s average for his 9 million so I figure we can draw a line in the sand mid-high 20's for support now (as you say 30c looks pretty solid).

As YT has stated ad infinitum, the best part of this valuation should really be attributed to the 500k Oz gold reserve.

Or if worse comes to worse we should still be > 50c right now only on the Fe comparison with Talisman?

Onwards and Upwards

 

[Sean K]

G'day K',

Well we've got some excitement in the Fe juniors lately haven't we?

We certainly do. I'm sort of in 2 minds with HLX and what may occur with a good drilling result ann. I'm not thinking short term with this at the moment due to the overall potential, but at the same time, if this takes off like the other fe'ers are doing at the moment, (looks irrational to me to be honest), then I might have to take some profits....

 

[jtb]

We certainly do. I'm sort of in 2 minds with HLX and what may occur with a good drilling result ann. I'm not thinking short term with this at the moment due to the overall potential, but at the same time, if this takes off like the other fe'ers are doing at the moment, (looks irrational to me to be honest), then I might have to take some profits....

I hear you mate.

Problem is when to take profit hey

I see TLM has run through 90c while I was typing so thats 80mil MC.

So thats 70c comparable value for HLX atm.

Where will it go on drilling news plus the JORC @ Kumina Creek??????

What does AQA know, is there a JV ann' coming with the PFS ???? Japanese/Chinese- Sinosteel

aaaaaaarrrrrgggggghhhhhhhhh:

I think its significant that both RHI and AQA directors now each hold more HLX shares than the HLX directors (including our own Mr Wheeler). Plus there still seems to be games being played in the depth

 

[Sean K]

I hear you mate.

Problem is when to take profit hey

I see TLM has run through 90c while I was typing so thats 80mil MC.

So thats 70c comparable value for HLX atm.

Where will it go on drilling news plus the JORC @ Kumina Creek??????

What does AQA know, is there a JV ann' coming with the PFS ???? Japanese/Chinese- Sinosteel

aaaaaaarrrrrgggggghhhhhhhhh:

I think its significant that both RHI and AQA directors now each hold more HLX shares than the HLX directors (including our own Mr Wheeler). Plus there still seems to be games being played in the depth

The MC comparisons to potential tonnage encourage me. Understatement.

Risk still is that they don't get the initial expected 100Mt I suppose....

All the best..

 

[Jimminy]

if the resources guru, exe JB Were analyst, Dr Peter Woodford continues to hold these then so will I. He has made a small fortune from buying in at the listing of Platina, as did I and I will continue to hold a decent parcel of HLX as does he.

 

[jtb]

The MC comparisons to potential tonnage encourage me. Understatement.

Risk still is that they don't get the initial expected 100Mt I suppose....

All the best..

I'll bet ya $4 million of the other JV directors money, that we get something even better

Good on you too Jimminy.

 

[jtb]

K,

You'll be glad to know the 5000m first pass drilling at 'Glenburgh' has been completed and they're waiting on results now.

Will call AQA tomorrow if I still haven't heard about 'Bonham', but it did commence as scheduled (July/August) as far as HLX's Technical director, Mick Wilson, knows

I see YML has gone off its brain too (>$100 mil MC )

 

[Jimminy]

the top 20 own close to 50% of this stock now that AQA have bought in.

I would be interested to know whether anyone believes that Poli is still buying. I'm of the opinion that they have finished, buttttt, if I am wrong.

Because if they haven't......

 

[jtb]

the top 20 own close to 50% of this stock now that AQA have bought in.

I would be interested to know whether anyone believes that Poli is still buying. I'm of the opinion that they have finished, buttttt, if I am wrong.

Because if they haven't......

J,

As I mentioned earlier I wonder if we aren't still seeing some games being played in the depth?
Particularly that 100k @ 34.5c
There seems to have been sells of this magnitude riding just above the action for some time now and it looks a bit suspect to me.
I bought more yesterday and this morning due to my oversight regarding the 'Bonham' program.

I have been waiting for the re-rating due with the Kumina Creek JORC and the pre-feasibility report but had my eye off the ball waiting on additional news from robe exit etc.

'Bonham' doesn't appear to have even been included in the 'several hundred million tonnes' statement HLX made in ref' to CID deposits and I'm too much of pessimist to believe that Aquila's director buying in 3 months after that drilling was due to commence to believe its a coincidence

What could that add to the mix?

TLM and YML are excellent comparisons in regard to Fe prospectivity imo as they are both of the 30-40 MT initial JORC + > 100MT exploration potential.

HLX have basically said the KC JORC will be at least 30MT (using a mean 15m depth in the calculation). As the results were up to 30m in thickness then this may well be substantially higher than that.

With the two other companies market caps having roared through 80 and 100 million $ respectively - we are yet to crack 40

 

[Jimminy]

J,

With the two other companies market caps having roared through 80 and 100 million $ respectively - we are yet to crack 40

Well I wouldn't be too worried - this is still slowly creeping up as people do their valuation comparisons. Sell side beginning to look anorexic.

Thanks for your analysis jtb. It always take a bit of time to prepare such posts. I appreciate it.

 

[marklar]

My options (HLXO) have just appeared in NOLT... whohoo! 13c opening is very nice, interesting to see if there are buyers out there.

m.

 

[Miner]

Hi Marklar

I have a small parcel of HLX and I am Commsec sponsored.
In my CHESS statement there is no sign for HLXO under my holding where as yes, it is traded at 13 cents.
Was I required to sign a document for getting the bonus options or it is automatically sent out to shareholders.

Can you please throw some light.


Regards

 

[Go Nuke]

My HLXO options weren't there yesterday but are there today and I'm with Commsec.

If u bought HLX before the cut off date then you shouldn't have to do anything.

 

[Jimminy]

My HLXO are now showing and I'm with Westpac on this lot.

Nice consolidation in the 30s thus far for this stock. Let's see if it lasts for long. As per usual traders will have HLX marked on their timetable for when some announcements are due for this baby - getting closer.

 

[ianablue]

I am also with comsec and my HLXO options have appeared on my position summary today. I await any news with interest.

 

[Miner]

Thanks to all who responded to my query.
Yes my Commsec showed HLXO as well today.

Regards

Miner

 

[jtb]

My HLXO options weren't there yesterday but are there today and I'm with Commsec.

Yep ditto', can anyone clarify where the 13c figure comes from in relation to the last sale price?

 

[jtb]

Sorry Helixers, can't help myself.

After CUL's Friday run I'm inspired (and who cares about width in announcing results anyway

Still breaching YT copyright but updated-

RHI
40 Million shares @ $3.20 = 128 mil MC
20% of 135MT @ 58.5% Fe = 15.79MT of Fe
EV = $8.11 Fe/T

CUL
475 M shares @ 14.0c = 66.5 mil MC
30% of 68MT @ 56% Fe = 11.4 MT of Fe
EV = $5.83 Fe/T *

Now if we only look @ HLX's 'Kumina Creek' target and the conservatively stated >100 MT @ between 57% and 60% Fe.

HLX
128 M shares (fully diluted including new options) @ 34.5c = 44.1 mil MC
30% of 100MT @ 57% Fe = 17.1 MT of Fe
EV = $2.58 Fe/T

Again if we use CUL’s EV value we are looking @ 99.70c per HLX share.

Now wondering why our friends @ RHI and AQA are buying heaps of HLX shares and why AQA have put back the PFS again and HLX’s JORC to after Xmas??????????????????

If we look a bit closer at HLX’s figure regarding 'Kumina Creek'
(2700 x 900 x >30m @ 57-60%) and reduce the 30m by 30% to 20m to remain conservative and also use the low end 57% Fe value.

We get 48,600,000 tonnes and multiplying by an SG of 3.0 (for CID) we arrive at 145,800,000 tonnes of Fe.

30% to HLX @ 57% Fe = 24,931,800, tonnes

Multiplied by an EV of $5.83 = $1.45 per HLX share

Now considering the amount of drilling that may be completed on the large Bonham ‘Marra Mamba’ target and/or ‘Robe’ areas by the time the JORC is due who knows what we may be looking at?

Where are those gold results from Glenburgh anyway

Hope the calc's are right (have double checked) but very weary.

Night all