HLX - Helix Resources

[jtb]

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

Morning J,

I stumbled across this comparison table (DSO EV's) while rooting around trying to figure out IOH's comparable valuation (to HLX) on its 8MT of Fe

Its an excerpt from a Carmichaels report

Interesting numbers, as if we don't factor in anything else from the Robe Exit drilling and min' case @ KC.

FD thats $1.00 per share for 30MT

If (as discussed previously) we use the 'alluded to by the company' best case for KC initial JORC then thats around $180M or $1.50 per share

Sounds like the substantial Trinity/Kens Bore extensions (RHI/AQA) will be all rolled into the Q1 PFS along with our news.
I wonder if we'll get any Bonham results out by then?

 

[Pommiegranite]

Guys,

What do you think the share price action is saying with HLX?

Lower and lower volume daily. SP hovering around the 48-50 mark.

Also, what are your thoughts on what is driving/will drive this sharerprice? (besides AQA buying)

Am I correct in thinking that no news is forthcoming in the short term?

Could we end up as drifting in the short term?

 

[Jimminy]

Guys,

What do you think the share price action is saying with HLX?

Could we end up as drifting in the short term?

Anything is possible Pommie.

I think once the iron ore negotiations for a price rise are complete (Rio, CVRD, BHP), then it may see a further rise. But it's possibly already factored in by the market.

Hlx just need to deliver the goods first - because it's all just talk at this stage. Other than AQA taking a stake that is.

 

[Sean K]

Nice little ascending triangle happening here. I sold a few at 53 ish and was hoping to pick some back up in the mid 40's, and I might have missed the chance.

 

[jtb]

Guys,

What do you think the share price action is saying with HLX?

Lower and lower volume daily. SP hovering around the 48-50 mark.

Also, what are your thoughts on what is driving/will drive this sharerprice? (besides AQA buying)

Am I correct in thinking that no news is forthcoming in the short term?

Could we end up as drifting in the short term?

G'day Pommie,

Depends on your definition of shorterm I guess?

YML is probably a good comparison regarding the KC JORC

Other assets, but all value appears to Fe.
.
Present FD MC of $100mill

I see no reason why HLX won't at least equal this (80c ish).

If you haven't already I suggest you have a good look at the additional prospects that may accompany KC in the maiden JORC (I did post an image a while ago).

Remember also that a PFS is already underway, AQA are obviously wanting to prove up 4-500MT which will surely attract some asian interest (if its not there already)
If the recent rise has you worried just look at the YML chart, it tripled before it doubled and then it went up

I'm with Kenna's on this- I can smell woosssshhhhhhhhhh

 

[Jimminy]

I'm with Kenna's on this- I can smell woosssshhhhhhhhhh

How are we all seeing the past weeks action on Helix. Someone has stuck a bungee cord between Helix and 49c.

Where to from here is going to be interesting.

 

[Sean K]

Looks to be some healthy consolidation, but hasn't played out exactly to my plan. Might have expected a break up from that ascending triangle but it's just drifted sideways. 50-51 is a bit of a wall!!! Well, at least it's holding up after such a strong run.

You'd expect some drill results from API in the not too distant future, unless they're holding them to just produce the JORC. Can they do that?

 

[jtb]

How are we all seeing the past weeks action on Helix. Someone has stuck a bungee cord between Helix and 49c.

Where to from here is going to be interesting.

Evening J,

Good solid support imo.
I see a couple of pennants forming and multiple upward trends- spewing I haven't been able to watch lately as I would have had those 75k options @22c the other day

Kenna's

"You'd expect some drill results from API in the not too distant future, unless they're holding them to just produce the JORC. Can they do that?"

I've been trying to find the time to chase this up for months (excerpt below from AQA's last quarterly) what do you make of the diamond drill being deployed?
I automatically assumed it was for JORC (having a gold background) but everyone elses reserves seem to be calculated on RC holes

Wonder what they they want to see core for?

"Within the Yalleen Joint Venture tenements,
planning for the recommencement of RC and
diamond drill programmes was completed with
drilling scheduled to recommence in November."

Hmmmmmmmm

Go HLX

 

[tech/a]

Interesting the varaious takes on HLX.Think the obviuos has been overlooked.More hope seems to be apparent in analysis and comment offered up than actual observation.

 

[Sean K]

Interesting the varaious takes on HLX. Think the obviuos has been overlooked. More hope seems to be apparent in analysis and comment offered up than actual observation.

Put 3 Tech/a's in a room and you'll get 5 different opinions. Could fall over slightly to come back in line with a mid term up trend, but there's nothing certain about that. I'm hoping that I have observed this sufficiently objectively to see the obviuos.

 

[tech/a]

Kenna's

Put 3 tech/a's in a room and you'll get exactly the same analysis.
Add 1 kenna and you'll see different analysis.
Your missing one valuable component in your identification of Support.
VOLUME.
Its pathetic.--There IS the obvious.

 

[Sean K]

Kenna's

Put 3 tech/a's in a room and you'll get exactly the same analysis.
Add 1 kenna and you'll see different analysis.
Your missing one valuable component in your identification of Support.
VOLUME.
Its pathetic.--There IS the obvious.

I don't think there's anything spectaculary bad about the volume. It's slightly below average the last 2 weeks, maybe indicating distribution, but on it's own I wouldn't call it a difinitive indicator. My opinion is it could drop back to the uptrend line I indicated earlier, after drifting sideways from the nice little triangle. Still, generally trending up over the past few months, and fundamentally, should be well supported on a peer analysis if the JV shore up the expected JORC. We're taking a more holistic approach to this I think. Whatever that means.

Anyway, thank's for pointing out that we may not be looking at this objectively, and/or our TA is tosh.

 

[tech/a]

Kenna's.

I'm easily mis understood.
All analysis is prove dis prove.
Large ultra volume spikes are the initial keys to alert that something is going on.
Followed by Range.Wide ranges on Ultra high volume tell even more.
If you have a look at my comments with regard to JMS I think this is clearer.

I see here (The fundamental analysis threads) time and again typical crowd behaviour.90% of the time its fodder for those who can read charts (no I'm not perfect) and I see dis appointment after dis appointment with posters saying things like.

"Great report/Announcement" but its tanked Ive lost a squillion but happy to hold as the fundamentals are great.
Easy to say when your down a few grand and dont want to take the loss.

Anyway most of what I type in this section falls on deaf ears and blind eyes.
If it generates out of the crowd thinking in even one trader then its been worth the effort.
Smart Money divorces it self from the crowd---Thats why its smart!

"The crowd" is here on these sites!

FDL was a prime example 800% in a day.
All the chatter was about sky's the limit.
What happened the exact opposite.
JMS MHL,RVR. All suffered similar fates.

Anyway.
Good luck to holders.

 

[Sean K]

AQA have now taken 15% of CUL. Looks like they could be shoring up the minor JV partners. Hopefully this puts a positive spin on HLX so it can get through The Great Wall, at 50 cents. Might take a positive ann to get through at this stage, or a 500pt gain on the XAO...

 

[jtb]

Interesting the varaious takes on HLX.Think the obviuos has been overlooked.More hope seems to be apparent in analysis and comment offered up than actual observation.

Hey Tech,

Your contempt for us has obviously affected your spelling

As you may have noticed we've been following this for a little while and any of my comments are intended with time frames much greater than 1 week.

I'm loathe to put some BS footer under my posts saying "don't listen to me I'm a ramper, I love HLX" or similar as I'm not that way inclined.

I'm sure Nuke can attest that technicals prompted him to sell just before the interest came in and please bear with me as I only post charts that I see patterns in.

My comment regarding support was due to sells not coming down to meet buys on many occasions and late buys buying up everything after the close.
Lack of volume was due to lack of supply in my humble , not technical, opinion.

So what do you reckon about the diamond drilling?

Any hoo, the Val' arrived the other day (without a scratch) too
Just need some time off now to take her for blast.

Matty Pavlich isn't the only good thing to come over here from SA :

Cheers

 

[Jimminy]

looks as though a few are willing to climb the peak and poke their heads through the clouds for a looksie today.... Bit of impatience starting to come into play.

 

[Sean K]

HLX was just dumped the past few minutes. Lines of buys taken out, to take it from 49 to 40 cents. Quite bizaar. Smells fishy to me. If a poor ann comes out there'll be questions...

 

[Captain_Chaza]

I averaged down

It could be a trick?

Sometimes those greedy Landlubbers will do anything to scare me off

Salute and Gods' speed

 

[Reefer]

Yeah that was totally out of the blue considering the strength in the stock previously. Perhaps Greg Wheeler is exiting the register?? More likely a trader in trouble somewhere else. I can't imagine what sort of bad news would bring on that spiral. Certainly the other JV partners haven't gone along for the ride so it is something peculiar to Helix.

 

[TheAbyss]

The volume is way to low to be any substantial holding being dumped. The buyers have just disappeared.

Anyone got a guess other than the aliens have taken over?