HLX - Helix Resources

[YOUNG_TRADER]

yes they are definately much larger than warrior tenement. show great potential. i think market has forgotten about HLX, they have some significant uranium interests and are around 1/3 of many uranium explorers who have little exp tenements.

in addition to this they have gold deposits. dont know why this one is so overlooked. perhaps qtrly can bring some light onto this stock.

Thats exactly what I thought,

Except I'd say they have a gold project which is funded to a decision to mine by MEP/OXR which is currently worth Net 64c to HLX, I have no doubt JORC will be upgraded

They have significant Uranium interests, again free carried exploration with TORO

And to top it off they have Iron Ore interests in Pilbara which from recent drilling have shown a buried CID avg 15m thick grading 57%Fe, again free carried by JV

Looks like Kennas was right with the breakout

I'm pretty sure that the huge 1M buyer at 12c dropped off the screen then came in and bought 600k from 14.5-15c at 10.45:40 and then another 400k at 15c at 10.51:50 of which 80k was left outstanding, thats very interesting as that 1M bid was waiting for a long time to get filled at 12c and didn't and was WILLIING TO PAY UPT TO 15c, that means they paid an extra $30k to fill their order Crazy!

 

[exberliner1]

On the basis of today's action so far....I think we finally have our breakout in HLX - good for 20c+ based on previous posts...

EB

 

[Sean K]

I hope it's not just ASF buying this today.

 

[exberliner1]

as YT said that 600k and 400k purchase was likely the 1mn raised...plento of other too....getting some interest on HC as well...

EB

 

[Uncle Festivus]

I dunno - 20% is good but looking for it to break 19.5c for confirmation

 

[YOUNG_TRADER]

I hope it's not just ASF buying this today.

I doubt it,

There was a steady accumulation from 10c-12c, then back in Dec when Iron Ore results came out it soared from 12c to 15.5c

Somethings up, its has to be, too much volume, am wary it could just be traders based on breakout,


Funnily enough it seems HLX is getting alot of attention now, as usuall stock has had to run

 

[dj_420]

well i did some research on HLX last night looked over charts (thanks kennas) and based on this bought on open this morning at 15 cents.

potential is huge for this stock. ill post up chart shortly.

 

[dj_420]

HLX chart for today.

 

[YOUNG_TRADER]

I just saw a 400k order buy at 17c, rest is waiting to be filled

Thats $70k

 

[YOUNG_TRADER]

I just saw a 400k order buy at 17c, rest is waiting to be filled

Thats $70k

The 400k got filled, as soon as it did, a 300k order popped up at 17c thats about $50k

These are big chomps

 

[jasoni]

Hi Y_T or maybe Kennas, because it closed high, are we to see another run tomorrow? I came in on this @13c a few weeks back..

 

[mick2006]

Hi Guys that 400k at .17c was mine just re-positioning some recent profits from AEE,SMY,UMC,PNN. I have liked the look of HLX for a while just needed to free up a few $$$$. Should be an interesting couple of trading sessions, certainly has lots going for it with news expected on all 3 major projects especially Tunkillia Gold. Major upside with the resource upgrade, like the fact they are free carried through the projects, means they don't need to capital raise because they are not burning cash but maintaining the upside that the exploration holds.

 

[Sean K]

Hi Y_T or maybe Kennas, because it closed high, are we to see another run tomorrow? I came in on this @13c a few weeks back..

Strong finishes on increased volume can lead to a strong open. If it had have finished at 16 or lower then I wouldn't be so enthusiastic. Overall, I'm not sure if todays action was predominantly day trading or longer term players. Sounds like HC had a few playing this and some ASF traders might have jumped on for short term, but there were some large parcels traded as YT identified. It did have a day like this in early Dec as well and then came off....

 

[YOUNG_TRADER]

Geez Mick, you weren't gonna try and accumulate or anything just straight in!

I'm no techie, so wait to see what Kennas reckons but I'm pretty sure that its now got support at 12c/14c/15c and resistance at 20c after that its Blue Sky


100m shares + 25m 14c opies = 125m @ 16c = $20m so not very expensive given its projects

Be interesting to see how it performs over this week, and next especially since Qtrly is due out soon.

 

[YOUNG_TRADER]

I reckon company will get a speeding ticket

 

[mick2006]

just wanted to get a parcel in this one straight up, like the news flow over the next couple of months, and I still have the intention of accumulating some more in any weakness. Should stay firm over the coming week awaiting quarterly and depending on news could break out even further.

 

[mick2006]

with gold up strongly in overnight trade (up $9.70) and the likely update on the Tunkillia Gold Project due shortly, might be some follow through buying in the morning not wanting to miss the boat. With the gold price heading higher and likely resource increase it is a no-brainer that Tunkillia will be developed at some time, HLX free carried all the way to production should make for an interesting time as people jump all over this one.

Also the commencement of Uranium drilling this quarter will draw new investors to this one simply because they are associated with uranium.

Can't wait for the quarterly should shine some light on this one!!!

 

[dubiousinfo]

With the gold price heading higher and likely resource increase it is a no-brainer that Tunkillia will be developed at some time, HLX free carried all the way to production should make for an interesting time as people jump all over this one.

My understanding of the JV is that HLX are only free carried to the end of the prefeasability study. After that they would need to contribute for the BFS and mine Cap Ex costs.

MEP have to spend $5mil to get their 51% share, plus they need to have prefeasability on a minimum of $1moz to get the next 24%.

Throwing some very rough (and conservative) numbers at this, assume the resource is increased to 1.2moz, gold at A$800/oz and production costs of A$450/oz, then we have a value of around $420mil, less say $60mil for BFS and CapEx, leaving $360mil. HLX 25% share is worth $90mil or 75c a share.

On top of this throw in all the other projects YT has listed in his earlier posts, a Mkt Cap of $20mil at a SP of 17c and HLX appears to me to have a lot of upside left in it.

 

[mick2006]

continued off screen buying today, now willing to buy chunks at 17c and above, maybe someone has got wind of some positive announcements ahead. Some huge buy orders just in, 500k at 17.5c, looks like someone really wants in at these levels.

 

[YOUNG_TRADER]

500k buying at 17.5c = $87.5k order!

Some big buys going up

Also Dubious, I'm pretty sure they did the JV in such a way that HLX can pay its share of costs out of profits, ie OXR/MEP fully fund the project with HLX's contribution being debt thats taken out of its profit share

My understanding of the JV is that HLX are only free carried to the end of the prefeasability study. After that they would need to contribute for the BFS and mine Cap Ex costs.

MEP have to spend $5mil to get their 51% share, plus they need to have prefeasability on a minimum of $1moz to get the next 24%.

Throwing some very rough (and conservative) numbers at this, assume the resource is increased to 1.2moz, gold at A$800/oz and production costs of A$450/oz, then we have a value of around $420mil, less say $60mil for BFS and CapEx, leaving $360mil. HLX 25% share is worth $90mil or 75c a share.

On top of this throw in all the other projects YT has listed in his earlier posts, a Mkt Cap of $20mil at a SP of 17c and HLX appears to me to have a lot of upside left in it.