HLX - Helix Resources

[jtb]

While I'm drawing pictures I thought that this looked pretty cool

I'll stick with our nice slow ascent for the moment.......... TLM's turn won't even fit on this scale

Go HLX

 

[Captain_Chaza]

The HLX seems to be breaking out of Triangular formations
one after the other

Salute and Gods' Speed

 

[mobcat]

She touched 56 today great run HLX is having hey it only seems like yesterday we where buying HLX for 18 .

How far can we go on no firm news we all no we have the goods but you do have to think that some one or some group in the know is buying this one steadily it seems relentless of late and they are happy to pay up .........not that im complaning but i must admit i havent been topping up since 21 i have been taking profits latley and some today , but now i think im going to be buckleing in for the long haul all .....we all have a ticket on a winner no doubt enjoy the ride to a $ xxx well done HLX :dance:

GO GO HLX HLXO

P.S i just wish FNT and FNTO could catch a bit of the HLX wake LOL maybe soon hey:bonk:

 

[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......

The previous two times that the ASX has followed a -300 pt decline overnight on the Dow, has seen Hlx in the green and today finish even.

 

[jtb]

The previous two times that the ASX has followed a -300 pt decline overnight on the Dow, has seen Hlx in the green and today finish even.

Evening J,

Comforting isn't it

I sat and watched the last 10 minutes out of curiosity and sure enough the day finished with a 50k buy @ 49c.

Was hoping for some more options sub 20c but that certainly wasn't going happen either.

 

[mobcat]

Well guy,s i dumped some oppies today 110k plus OUCH it hurt and i hated doing it i must admit........ but i had a reason iam a big FNT player and FNT heads at 14 ATM i had to rationalise on the day i promised myself i would not sell a HLX head under a $1 but i dont think i mentoined the oppies did I ?Chit it killed me but i did it i hope you guys got em they are gems Fn FNT is killing me i am to emotional when it comes to that fk er but i just cant help my self at 14 FNT heads ATM sorry

 

[Jimminy]

I sat and watched the last 10 minutes out of curiosity and sure enough the day finished with a 50k buy @ 49c.
cool:.

As did I.

They had a little go at finishing at 47c, but the 49c won the day. Quite nice.

All the talk has been on the iron ore prospects of late, and with good reason given the likely price hikes to be achieve by the big 3.

But the beauty of the markets at present is that both gold and iron ore are in favour. Gold finishing $800+ last night I see.

Hence Tunkillia and future announcements from MEP will be very very welcome.

I think this could become a runaway (gold) market if we don't get the pullback that people want. 850-900oz on its way.

Edit: Just thought I'd add that Credit Suisse have a 2010 average target of $1000/oz for gold.

 

[Sean K]

Not sure if HLX can keep running to script with breakout/consolidation/breakout, but if it can, you'd expect this support level to be respected. Having said that, it's been a pretty strong run recently, breaking up from a nice trend.

Yes, looking forward to a MEP update. Any good gold news would be welcome. However, I don't expect too much from this. MEP seem to have this way down the list of priorities IMO. Their last quarterly pretty much ran over the top of Tunkillia, although some news should be forthcomming on whether the JV is going to take the project forward:

Minotaur and Helix are investigating options for advancing the project.

Hopefully that means a mine!


I think the market's running with the fe story for now though. Perhaps AQA could give us an update!

Looks to be sold off on little volume today not shown on this chart...

 

[Absolutely]

Market down 2%
HLX down 12%
But HLXO up 2% - on low volume

I guess as HLXO did not follow HLX lower there must an attitude out there that this decline in HLX is short lived?

I dunno. Probably reading too much in to it.

 

[Jimminy]

MEP seem to have this way down the list of priorities IMO. Their last quarterly pretty much ran over the top of Tunkillia, although some news should be forthcomming on whether the JV is going to take the project forward:

I think the biggest problem for Tunkillia is cost increases and inflationary pressures, which will impact on a marginal mine - which I think it would be if you were to make a decision now. I don't think the silver would offset it.

But you never know down the track what might happen.

 

[jtb]

I guess as HLXO did not follow HLX lower there must an attitude out there that this decline in HLX is short lived?

Big show of support today gents

I'm still digging around Re: Minotaur so will reserve judgement regarding Tunkillia atm

Have also dribbled out a few FPO's recently, but only to buy the same number of options.
Was ready to pounce Mon/Tues but still no cheapies..............

My average HLXO buy price is now up to 18c.

I'm a believer

 

[Captain_Chaza]

I couldn't help myself

I just held on for dear life!

Hopefully my perserverance today may be rewarded in the not too far off future?

Salute and Gods' speed

 

[YOUNG_TRADER]

Well just goes to show patience does pay off,

I took my profits back in the high 30's thinking it would retrace

and yet I faithfully hold AAR thinking it will re-rate, but its the one that retraces


Oh well, still this was 7c at the start of the year when I first picked yet, not too bad a 12mth return hey?

 

[Sean K]

Not sure if HLX can keep running to script with breakout/consolidation/breakout, but if it can, you'd expect this support level to be respected. Having said that, it's been a pretty strong run recently, breaking up from a nice trend.

Still looking OK, pending another 300 pointer on the DJI. I'm expecting consolidation around the green circle..

Looking forward to some FA on this once there's some more direction on the fe potential.

 

[Jimminy]

The previous two times that the ASX has followed a -300 pt decline overnight on the Dow, has seen Hlx in the green and today finish even.

Ok.... it's happened again, -300+ decline on the Dow over night and again we have finished in the green.

I've bought more today on this alone. Something is up.

 

[Absolutely]

You're not wrong Jimminy, totally bizarre watching HLX today. But in a reverse of the other day, the options are off.

 

[jtb]

Ok.... it's happened again, -300+ decline on the Dow over night and again we have finished in the green.

I've bought more today on this alone. Something is up.

Evening Helixers,

Have attached a couple of charts for our esteemed JV partners and substantial holders RHI and AQA.
I don't know about you but I see little in their recent announcements to justify these charts

AQA buying a heap of HLX aside:

RHI now have a FD MC of $160 million on a jorc of 20% of 135M/T

We are now just over $60 million on an expected JORC of more than that from KC alone

AQA drilling at Yaleen this month.................

Considering the lack of chatter on RHI, I agree something is going on.

 

[Miner]

How any one knows who is buying what untill ASX advises that ?

Also ASX reports come only if it is a substanital purchase.
My question relates to AQA purchase of HLX and its relationship.
How AQA and HLX are related ? A take over relation?

 

[Sean K]

How any one knows who is buying what untill ASX advises that ?

Also ASX reports come only if it is a substanital purchase.
My question relates to AQA purchase of HLX and its relationship.
How AQA and HLX are related ? A take over relation?

AQA announced recently thay had taken a large position in HLX. Because they are in a JV and AQA is the manager of Project, you could quite reasonably assume that AQA are very confident that there is a substancial deposit of iron in the ground. AQA could well be buying more of HLX, but as you say, this is just a best guess and we need to wait for any announcements. HLX has stated they are aiming for 100Mt initial JORC and that they believe there is the probability of many millions of tons across the tennament due to the overall strike lengths. This has been highlighted in the thread previously.

 

[Jimminy]

RHI now have a FD MC of $160 million on a jorc of 20% of 135M/T

We are now just over $60 million on an expected JORC of more than that from KC alone

AQA drilling at Yaleen this month..........

It does bring a smile to ones face when you put it like that. I guess the premium is built into Red Hill given their stake is already JORC'd.

And then when I know that Aquila has bought into Helix it makes me do this.....:bananasmi