HLX - Helix Resources

[YOUNG_TRADER]

JTB, haven't sold out on this one.....have been on too long now not to watch this develop some more. I'll stay till I see what develops with AQA & AMCI.

Well Jimminy looks like AMCI felt this was still cheap, they have chipped in for another lazy 1.5m shares at around 19c-20c

Problem is what do they do next they have 25.4M = 19.34% pretty soon they will hit the 19.9% limit, their move after that is anyones guess

 

[SilverDollar]

Young Trader..
I've been buying selling for a couple of years and still learning...so would you kindly post a link where I may find out about the 19.9% limit. Whose rule is this? Sorry if its a dumb Q.

Cheers.

 

[YOUNG_TRADER]

Hey mate,

Its in the Corps Act as part of the Securtieis regulations etc etc

I'll find the specific section for you later if you like but no link, I'm sure other ASF'ers are familiar with this

 

[reece55]

Have a look here

This section details the prohibition of taking a >20% stake without a takeover.

However, there are exceptions to the rule, notably without a takeover the 3% creep in 12 months. See here

Bit of light reading LOL!

Cheers

 

[Jimminy]

Problem is what do they do next they have 25.4M = 19.34% pretty soon they will hit the 19.9% limit, their move after that is anyones guess

That is the question - what is their next move?

Here's the facts:

Aquila could be the target of AMCI, given the recent acquistions AMCI have made in the API venture parties. AMCI have also asked for the Aquila share registry at the beginning of the year - and Poli is on record as saying some shareholders of AQA have been approached by AMCI. Anyone notice our shares increasing in value in Aquila the last 6 months - you betchya.

AMCI’s stakes:
-9% in Aquila
-17.8% in Red Hill
-19.34% in Helix
-8% in Cullen

So the top up on Helix is quite smart (cheapest of all the API jvs) - & looks to be the latest chess move by AMCI

And let's not forget the stoush these two have had in recent times emanating from the Vale takeover. They don't send each other Xmas cards, people.

Separately, AMCI could launch its own play for the iron ore companies in the API JV. But Aquila is also playing the chess game and has a blocking stake in each of these. So both are in the same position.

If a takeover was launched by either AMCI or Aquila, the bidder would have to offer half of its newly acquired tenements to its JV partner, as part of the API agreement.

So the facts of the matter - it seems to me that it now seems inevitable that AMCI will make a play from Aquila, and their sp certainly reflects the market's thoughts on this subject. And the offer is going to need to be an exceptional one to get AQA to the table based on their growth prospects!!

So let's sit and wait - the Helix sp won't be going any lower than 17c til this thing plays itself out. Only higher!!

 

[Jimminy]

some bizarre trades today.....someone with big pockets playing games.

Time Price Volume Value
12:41:30 PM 0.220 165 36.30
12:28:00 PM 0.220 146 32.12
12:18:00 PM 0.220 152 33.44
12:11:30 PM 0.220 158 34.76
12:08:30 PM 0.220 169 37.18
11:52:30 AM 0.220 153 33.66
11:39:00 AM 0.215 158 33.97
11:37:15 AM 0.215 158 33.97
11:35:30 AM 0.215 169 36.34
11:32:00 AM 0.215 174 37.41
11:24:15 AM 0.215 168 36.12
11:17:00 AM 0.215 159 34.19
11:15:16 AM 0.215 7,530 1,618.95
11:04:30 AM 0.215 163 35.05
11:01:46 AM 0.215 5,597 1,203.36
11:01:45 AM 0.215 168 36.12
10:57:45 AM 0.215 164 35.26
10:50:00 AM 0.215 159 34.19
10:35:15 AM 0.210 2,162 454.02
10:35:15 AM 0.210 164 34.44

So what's up?

 

[Jimminy]

it has continued all day with this odd trading of about $30 - $50. Over 40 trades like this.

Can anyone shed light on what is happening - is there a logical reason that I am not aware of???

 

[jtb]

it has continued all day with this odd trading of about $30 - $50. Over 40 trades like this.

Can anyone shed light on what is happening - is there a logical reason that I am not aware of???

Hey J,

Was about to ask the same thing

50 odd trades throughout the day for no volume (Apart from the 60k @ 22c)?

Can't say I've seen that before

 

[Jimminy]

Hey J,
Was about to ask the same thing

Oh well, matters not.

What does matter is that Gordon Dunbar bought another 100,000 for an outlay of $21,700 on Monday.

A feel a big wave coming shortly on this one....:bowser:

 

[Jimminy]

Is JTB and myself the only two left on this horse or something???

Our little games yesterday seems to be the genesis of something to behold shortly.

Dunbar has bought more. Our tech/exploration manager (Mick) has bought more, AMCI have bought more.....:blover:

So I guess it leaves the question why do I feel like I am the only one on here who has been buying more of late - or is every one else a bit shy of this one.:hide:

 

[Absolutely]

Jimminy, just to let you know I am here with you mate and have been following yours and JTB's post closely.

It's an interesting stock. Lots of expectation but continually seems to fail to announce something of significance. Despite that, people who you would think to be in the know keep buying it.

So am holding. Have a bundle already, it's my most significant holding. Hope the signals being given off on various levels prove right.

 

[Jimminy]

It's an interesting stock. Lots of expectation but continually seems to fail to announce something of significance. Despite that, people who you would think to be in the know keep buying it.

So am holding.

Good to hear Absolutely.....in a sense you are right there has been lots of expectation but I think alot of us are not patient enough also.

I am fully researched on this one and am happy to be a warren buffett and never sell til the co. changes hands.

 

[Go Nuke]

Is JTB and myself the only two left on this horse or something???

Our little games yesterday seems to be the genesis of something to behold shortly.

Dunbar has bought more. Our tech/exploration manager (Mick) has bought more, AMCI have bought more.....:blover:

So I guess it leaves the question why do I feel like I am the only one on here who has been buying more of late - or is every one else a bit shy of this one.:hide:

Nope. i can answer that....I'm broke!

All my money is tied up. Mostly with losses at the moment.
The only little money I have, ive been buying up the options.

Speaking of whcih I noticed that lot of 100K HLXO that was at 10c then dropped to 9c...has been pulled!
I'll take that as good news

I noticed more of those tiny trades today. Must be someone accumulating.....slowly??

I also noticed it looks like the sellers have more or less vanished. I'll take that as good news too

 

[Jimminy]

Hey J,
Was about to ask the same thing
50 odd trades throughout the day for no volume (Apart from the 60k @ 22c)?
Can't say I've seen that before

Reckon I've worked it out - AMCI can only buy roughly 730,000 more shares before they hit the 19.9%....given this small number it must be AMCI because no else in their right mind would be buying $100 parcels.

The bit I can't work out it is why they are doing it...ha ha....

 

[jtb]

Speaking of whcih I noticed that lot of 100K HLXO that was at 10c then dropped to 9c...has been pulled!
I'll take that as good news

I noticed more of those tiny trades today. Must be someone accumulating.....slowly??

I also noticed it looks like the sellers have more or less vanished. I'll take that as good news too

Hey Nuke,

I talked myself into buying those options and their gone
Put a little buy in @ 6.1 anyway...............

wtf is going on with these small trades anyway, camouflage?

66 trades today for 108k, with a 40k buy that went @ 27c?
So that means the average buy apart from that was for 1000 shares

What I find strange is that the largest trades for the last few days always go through on the high yet they drown in the sea of $20 trades?

odd

Glad to see your still in there swinging

 

[Jimminy]

good article in today's AFR on Aquila and that the pre-feas report will be out next week on the API project....report goes on to talk about whether AQA should consider divesting the iron ore and concentrate on coal. AQA - VERY UNDERVALUED STILL.

Can't understand the small trades either JTB :screwy:

 

[Jimminy]

Buying still occurring with API study to be released.
Just hit a high of 31c as some decided to prove a point.

Now I am a happy little camper

 

[jtb]

Buying still occurring with API study to be released.
Just hit a high of 31c as some decided to prove a point.

Now I am a happy little camper

Hey J,

The bot was relentless in its charge this am wasn't it.
Never had a chance to watch that before myself

Interesting to see the largest parcel for the day so far went through at 30c too

 

[Jimminy]

A big buyer for 500,000 shares sitting at 25c to tickle the interest of any big sellers out there.

Dreaming.

Anyway, yes JTB the bot seems to be on a mission. No emotion with that fellow...lol

Still surprises me that not many have dared not to step in in front of the bot.

Most who believe in the co. are set and probably topped up in the last month.

Can't wait for the API report.

 

[Absolutely]

Christ these small bot trades are really perplexing. This is someone who wants to accumulate but doesn't want to make it obvious and is trying to hold the price within range. Only thing is that the trades are so small it will take him for ever to get a decent parcel.

I don't know what it's all about. Very confused. Surely someone here must be able to explain the theory behind this. Might post a question in the general forum.