Can't think that this is anything more then some low volume frustration creeping in from the lack of news.
Company seems to take forever to make an announcement on anything so it's nautural that some will become disillusioned.
I think it is a temporary sell-off though and we will see it bounce up again in the next few days as the lower price is stabilised and attracts those waiting on the sidelines.
We know that the company has got it's finger in a number of pies and that AQA has been buying it.
I'm going to hold in the medium term.
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...
At this stage, nothing has changed funnymentally, so I am happy to hold and will take the opportunity to top up around these levels I think. I'll wait and see how it responds Monday first.If the sector average is applied then we should be at $1.05 undiluted or 94c fully diluted.
If KC is a big as it looks and Robe exit/Bonham etc results are good then
You are right for the minute. There are just no buyers of this stock at present. Quite creapy. I have an aweful feeling some bad news is on the horizon.Think maybe the odds are that this one has a high probability of going lower !
The weekly chart shows it as a parabolic trade - unsustainable, and last weeks price action confirmed it. If Mondays price gets below the low of Fridays bar - look out
Peter
I haven't seen the effect of something like this, where the placement is well above current sp. Can we assume the stock will now trade up to that psychological level? Maybe.Yeah that's all good. Share placement secured at 48.5cents. Who can argue with that? This thing is going places.
I haven't seen the effect of something like this, where the placement is well above current sp. Can we assume the stock will now trade up to that psychological level? Maybe.
Yeah that's all good. Share placement secured at 48.5cents. Who can argue with that? This thing is going places.
This doesn't look all that exciting to me jtb. I think they're referring to the Adelaidean prospects.Hey dudes,
Something I mentioned previously that caught my ear at the time was Mick Wilsons statements regarding other opportunities in S.A.
ADELAIDE GEOSYNCLINE
Helix Resources Limited - 100%
ELA570/06 EL3814, ELA299/07
A series of conceptual gold and base metal targets in the Adelaide Geosyncline of South Australia have been identified from reprocessed geophysical data including magnetics, gravity and radiometric images. Mapping and sampling of areas of outcrop has been conducted over the Fleurieu Project (ELA570/06) for incorporation with historic stream sediment sampling data and geophysical data interpretations. The results of a more detailed sampling program are expected later in the year. The compilation of this work will identify priority areas for further exploration during the 2007-2008 field season.
Target zones for base metal mineralisation have been identified within the Parachilna Project (EL3814). These priority areas are based on historical data and additional interpretation of geophysical and mapping datasets.
The Olary Project consists of two licence applications and covers an area of 1400km² located SW of the historical rare-earth/uranium Radium Hill Mine (produced 852 tonnes U³O8 to 1960). Although a similar style of bedrock mineralisation is unlikely to outcrop on the Helix application areas, there remains potential for areas undercover and also has scope for palaeo-channel Uranium.
The exploration model for the Olary project suggests several late-stage granites are associated with the gold and base metal occurrences in the district. Several prospects and historical workings containing gold, copper, silver and bismuth are located within the application areas and provide encouragement that the granites may have influenced the development of larger mineral deposits. These targets will be assessed and systematically explored upon granting of the tenements.
This doesn't look all that exciting to me jtb......
Boring....
The First Reserve link has me intrigued
They've obviously been brought in/attracted via their JV with AMCI but iron really doesn't appear to be their thing?
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