HLX - Helix Resources

[drogba777]

Good Day ladies and gentlemen

On board this one now. Been watching from the sidelines for a while.

Looking from the outside I see a company with a low market cap and quite a large acerage.

There appears to be a number of major parties who want ownership of this HLX and it seems management has no trouble doing the rounds to get equity.

Dont worry about the fluctuations these will occur in a microcap. Just buy on any dips and hold on for the ride.

Hold until management starts to sell or JV partners start to pull out.

If you sell just dont dump everything at once you will only hurt yourself and the stock.

Remember people go mad in groups and only realise their senses individually.

 

[Jimminy]

Jimminy, If you go back through the thread you'll see I made a blue in regard to the call on Wythenshawe/Warramboo link to CUL (due to comparing share numbers owned to Top 20 holders on the most recent 3B's I could find)
They are actually vehicles of Josh Pitt of RHI (among others) fame.

thanks JTB, I must have missed the update that time. Matters not though as you say. AQA & AMHI buying does me.

 

[jtb]

thanks JTB, I must have missed the update that time. Matters not though as you say. AQA & AMHI buying does me.

Hey J,

Interesting they bought another 5 million 'on market' as well.
Thats an awful lot of shares in the Top 10 holders hands now

 

[Jimminy]

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

Yes JTB - I posted this back on the 23rd November. My suspicion proved correct. Check out page 11 of todays announcement and they were the one who has stuck the bungee cord at 49c alright!!....most of the buys around 49c..

Interesting to note also that AMCI stopped buying from the 29/11 - 4/12 and the sp dropped down to 37c during this period..... so what does the sp hold now that AMCI may have stopped buying???? Interesting 6 months ahead and I'm not going anywhere.

17% of Helix..... I wonder........

 

[Captain_Chaza]

This should be Plain Sailing from here on IMHO

I am sure others will have their own view



Salute and Gods' speed

 

[Sean K]

This should be Plain Sailing from here on IMHO

I am sure others will have their own view

Salute and Gods' speed

Not sure yet Chaza. Market's so twitchy, anything could happen.

However, nice start to the day. A gap up over resistance is a pretty good sign IMO. Very early in the day however and little volume to confirm a break.

 

[Jimminy]

Not sure yet Chaza. Market's so twitchy, anything could happen.

However, nice start to the day. A gap up over resistance is a pretty good sign IMO. Very early in the day however and little volume to confirm a break.

I agree Kennas, but I am beginning to form the opinion that AMCI has not stopped buying and perhaps won't do for a while.

If this hunch (and it's purely that) proves correct then we will all be smiling in the not too distant future.:bananasmi

 

[Jimminy]

Hey J,
Thats an awful lot of shares in the Top 10 holders hands now

Not quite 50% JTB.....

Here is the top 6 based on current holdings and the listed 131m shares.

1. AMCI/First Reserve - 17%
2. Yandel Investment - 8.52%
3. AQA - 5.6%
4. Wythenshawe - 5.5%
5. Peter Woodford - 4.43%
6. GeeVee (G Wheeler)- 2.54%
_________
43.60%

 

[jtb]

Not sure yet Chaza. Market's so twitchy, anything could happen.

However, nice start to the day. A gap up over resistance is a pretty good sign IMO. Very early in the day however and little volume to confirm a break.

VWAP of 53c looks good (so far) too imo, best buys of the day have all been near the high.
Be nice to see her hold that for the close

 

[Jimminy]

AQA has been buying on market (6.5m) CUL shares - see announcement out this morning. Takes their stake in CUL to 14.6%.

This "love in" of CUL, AQA, RHI, HLX, AMCI is fascinating....

 

[Absolutely]

I suspect they intend taking over the lot. Not sure where all these tenements are placed in relation to each other....? Could be some sort of strategic move do you think ?

 

[Sean K]

I suspect they intend taking over the lot. Not sure where all these tenements are placed in relation to each other....? Could be some sort of strategic move do you think ?

The tenaments are contiguous. HLX is right in the middle. I'm not sure about a takeover as HLX and CUL have a number of other projects that are not fe. Unless AQA/AMCI buy them out and sell off the parts.

This map has the position of HLX amongst the JVs, but you need to go to CUL and RHI for their spots.

 

[Sean K]

We're all waiting for the KC resource drilling results due next year from API which will be JORC. HLX have stated a target of 100Mt (owning 30%) However, I'm anticipating some encouraging results from exploration drilling at the Robe Exit drilling. This could provide some significant upside (or downside ). Then I hope they hit the Bonham Prospect for some Marra Mamba...

 

[Jimminy]

I suspect they intend taking over the lot. Not sure where all these tenements are placed in relation to each other....? Could be some sort of strategic move do you think ?

The tenements all neighbouring.

There is no doubt about the strategic move.

All parties are positioning themselves at the table for future T/O action. If and when that happens of course.

The appeal is that there is several avenues to buy into this iron ore venture. But makes it complex all the same hence there is buying up happening everywhere you look.

 

[grace]

The tenements all neighbouring.

There is no doubt about the strategic move.

All parties are positioning themselves at the table for future T/O action. If and when that happens of course.

The appeal is that there is several avenues to buy into this iron ore venture. But makes it complex all the same hence there is buying up happening everywhere you look.

mmmm.....big is beautiful, when it comes to iron ore!!! I see some sort of story unfolding here being a bit of an iron ore junky. What is Vales (CVRD) tie in to all of this via AQA??? What are CVRD and AQA doing together???

 

[Jimminy]

mmmm.....big is beautiful, when it comes to iron ore!!! I see some sort of story unfolding here being a bit of an iron ore junky. What is Vales (CVRD) tie in to all of this via AQA??? What are CVRD and AQA doing together???

Off the top of my head I think Vale are inly involved in coal with AQA....nothing to do with the API venture.

 

[Jimminy]

YCheck out page 11 of todays announcement and they were the one who has stuck the bungee cord at 49c alright!!....most of the buys around 49c..

If this stays in the high 40s this week then imo we have confirmation that AMCI are continuing to buy.

 

[jtb]

One would have to seriously think about the oppies, wouldn't they? Looks like they are tightly held though.

Morning all,

Interesting to watch that 300K order for the options move up from 19c yesterday to 21c this morning and now 23c

Not a patient man Gordon

 

[Go Nuke]

Haha, yeah I noticed that today.

I dont think there is much point in trying to get in below 23c with that FAT order sitting there

*correction* The order is now for 180,296k.
Probably slowly getting filled?

 

[jtb]

Haha, yeah I noticed that today.

I dont think there is much point in trying to get in below 23c with that FAT order sitting there

*correction* The order is now for 180,296k.
Probably slowly getting filled?

Hey Nuke,

Yeah it stood out a bit didn't it

Well done on CNP by the way, I would have scalped it myself but I had to go to bed and didn't want to risk not being able to watch it