HLX - Helix Resources

[Jimminy]

Well AMCI been buying through the recent capitulation. A further sign of confidence despite the current continuing weakness. I'd like to think so.

Staying in. Anyone sell out?

Yeah I was planning on hanging around for another couple of years just for the hell of it.

Most of us are still making good money on our Helix even though she has dropped a bundle for most of us lately. Guess we take the good with the bad.

I too wished I had shorted but if it is back over 50-60c in the next 12 months so who are we to complain.

Go Nuke - I'm glad you got that opportunity to buy more back.

 

[Jimminy]

Mick Wilson - Exploration Manager bought $20k worth of stock at 30c the other day......Nice buy there Mick me lad.

 

[Jimminy]

AMCI - 18.19%

Aquila - 6.42%

I expect that AMCI will, within creep provisions, overtime go past 19.9%.

Also expect AQA to increase it's holdings to a similar level. These two are clearly acting in concert imho.

Although both would be committed to advancing Helix pilbara project, it is possible they may do so without paying a takeover premium.

I have bought further in the last week.

 

[Go Nuke]

I thought I read on another post somewhere on ASF that when a company gets to 19.9% stake in a company it triggers some sort of take over announcement... Is that right?

Over can they gain more of a stake using provision creep without this happening?

I wouldn't have thought HLX to be a takeover target though. But I suppose if they did get taken over the parent company could then just strip away the prospects they dont want

Yes Jimminy it was great to get something back in HLX and I'm very pleased with myself getting those options too.
Now I just have to work out whats best to do with them..trade them or hold and eventually excise.

 

[Jimminy]

I thought I read on another post somewhere on ASF that when a company gets to 19.9% stake in a company it triggers some sort of take over announcement... Is that right?

Over can they gain more of a stake using provision creep without this happening?

Go Nuke,

Normally, any shareholding in a company beyond 19.9 per cent automatically triggers the announcement of takeover intentions, but under rarely used provisions in the Corporations Law, a company is permitted to gain a maximum 3 per cent of company shares every six months.

 

[fonterra]

I am just wondering why there is a lack of buying interest of this stock atm where the rest of ASX seems to be recovering.

Any thoughts?

 

[Go Nuke]

I see Jimminy thanks for that explaining that to me.

As for HLX I think there is a lack of interest because everyone is holding out for announcements, I know I am! Particularly in regards to the Iron Ore. But anyone who knows anything about HLX will know that announcements come slowly....very slowly.

 

[Go Nuke]

Oh and seen as AQA and AMCI are mentioned here,I read an article in todays Financial Review about AQA.
Basicly the article was saying that AMCI has a compelling case to build on its 7.2% stake in AQA with a full takeover. It also says, The Perth based company also has a significant land holding in the Pilbara region in W.A through its 50% JV with AMCI.The partners are targeting a 30Mil tonne/year operation near Fortescue Metals recently uncovered 1.7Bil tonne resource.
If someone could post a link to the Financial Review story you might like to read the rest.
i would but am on holidays typing this from my mobile phone (hows that for dedication )

 

[Jimminy]

AQA a good stock imo - I hold some.

HLX - more upside in the short term with good results.

Mick Wilson has bought some more which is encouraging but how many directors have we seen buying their own stock getting it completely wrong.

But when it's a technical director with exploration experience, I am willing to follow him and buy - which of course I did.

Have faith people, take a deep breath and put your order in at 30c and hope for the best...he he.... It's only money.

 

[jtb]

Go Nuke,

Normally, any shareholding in a company beyond 19.9 per cent automatically triggers the announcement of takeover intentions, but under rarely used provisions in the Corporations Law, a company is permitted to gain a maximum 3 per cent of company shares every six months.

Considering AMCI already have 35% of all iron through the JV (50% of 70% for CUL,HLX & 50% of >80% RHI).Surely something of import is due to support the placement @ 48.5c?

Thats a big fat finger in the pie

 

[Go Nuke]

Wow, im a little suprised to see it so quiet on the HLX front.

I guess no news is clearly bad news and noone wants to talk about it..lol

Horrible gap down on Friday and I would have thought that 25-26c might have been reasonable support, but now i think it may sink back down to 21.5-22c levels.

I guess it Helix has been sold down on low volume and a bonus for me is if I'm still a big believer in HLX then its almost a good time to get back in now that the share price is almost back to the point at which i bought in at in Feb 07.
Its been so long since announcements that i cant even remember what it is we were all waitng for..lol.

Yalleen...was it drill results. Too lazy to look today.

 

[Sean K]

Wow, im a little suprised to see it so quiet on the HLX front.
......
Yalleen...was it drill results. Too lazy to look today.

I was very disappointed with the exploration results. Posted that earlier. Their target of 'several hundred million tons' no longer looks credible IMO, pending further results. Out.

 

[Go Nuke]

Clearly its the AQA/CUL trading halt thats driven the spike in Helix's share price today.

I guess perhaps AQA is going to take out CUL?
Nothing in it for HLX so i should probably consider selling HLX and buying in again later.

 

[Reefer]

AQA, CUL and RHI all in Trading Halts - we are the only joint venture partner excluded. To do with resource upgrades.

 

[Sean K]

AQA, CUL and RHI all in Trading Halts - we are the only joint venture partner excluded. To do with resource upgrades.

Perhaps the FS for the JV projects is going to be released and will only include resources from the other JVs and not HLX, due to their being no JORC yet?

 

[YOUNG_TRADER]

Yeah but being part of the JV group they should have gone into a trading halt too, cause either way it will positively impact on HLX,

I mean HLX obviously must have something of value, after all AQA have bought a truck load of shares at 20c-30c and AMCI took about 15m at 48c, shows a real vote of confidence in HLX if you ask me

 

[jtb]

I mean HLX obviously must have something of value, after all AQA have bought a truck load of shares at 20c-30c and AMCI took about 15m at 48c, shows a real vote of confidence in HLX if you ask me

Hey dudes,

I hope your on the right track YT as I've been buying this all the way down from 30c.
I'm sure I'll miss that 100k HLXO, but considering the couple of reasonable buyers that sat @ >10 through the FPO blip to 22.5c (obviously seeing value of HLX @ 42c) the drop on a myriad of small parcels was something I was watching intently.
My buys early this week were like pulling teeth. and considering their exploration manager bought back in @ 30c on the steep drop from 40c (surely regretting his decision to sell prior to AMCI,AQA interest last year) is a further vote of confidence.
As I alluded to earlier I think Bonham is going to be a monster, cash plus KC alone @ 30% of 100MT should easily support the share price >40c.

AQA/AMCI jorc due end of march for west pilbara project as of todays 'West Australian'

After nearly fainting when I saw BRM's run yesterday am hoping I'm correct in expecting a similar blow out for Helix.

 

[jtb]

Yeah but being part of the JV group they should have gone into a trading halt too, cause either way it will positively impact on HLX,

Gee mate that $10 a ton EV call on CUL is a beauty, I'm still working on a dollar a ton

Finally get a day to watch the market (albeit with my 8 month old) and the Dow is down to 1200 again

 

[Jimminy]

got out in the high 20's on this still with a lot smaller profit than back earlier in the year.....

Insider selling on this one....CUL, RHI, AQA all held up well. Helix sold down on smallish volume relatively quickly.

Bads new coming.

 

[Go Nuke]

I dunno mate, but its pretty horrible thats for sure

May i just say, if anyone could share their trading plan in regards to HLX with me as an example, it would be greatly apprieciated.

Ive got a problem. A big one really.
I dont know when to get out of a stock.
As some of you know I bought HLX over 12months ago for aound 22c then sold out for a crappy profit, right before it jumped up to 50+cents.....and now Ive continued to hold it to well...even today.

This is getting a bit depressing
plz feel free to PM me with your trading plan.

I know its all up to each individual, but its the exit stratagy I'm keen to try and learn.

Thx guys and lets hope HLX picks up.

Ps...I did buy some more options today though.
I have longer term faith becasue of how well all the other players are going CUL,RHI etc etc.