HLX - Helix Resources

[ezyTrader]

What the?

Time Price Volume Value Cond Attrib Buy XRef Sell XRef
11:20:27 0.175 361,324 63,231.70 XT F
11:20:27 0.18 20,000 3,600.00 XT G
11:20:27 0.18 70,000 12,600.00 G
11:20:27 0.18 50,000 9,000.00 XT G
11:20:27 0.19 98,676 18,748.44 G
11:20:23 0.19 20,000 3,800.00 F
11:20:23 0.19 81,324 15,451.56 F
11:19:31 0.19 2,873 545.87 G
11:18:45 0.19 81,803 15,542.57 G
11:18:45 0.19 30,897 5,870.43 F
11:18:45 0.19 35,000 6,650.00 F
11:18:45 0.19 27,300 5,187.00 F

Can anybody figure this out?
in the same second, price range from 19 down to 17.5?

 

[Dr Doom]

Yes, no volume on the buy side with big market sell order. Someone's lost the vision Waiting for ann.

 

[YOUNG_TRADER]

EZY that was a large 600k order that sold from 19c down to 17.5c

Theres been about 10 500k + buy orders

So a few 500k+ sell orders would seem logical,

Don't forget the stock has run from 12c to 19c on no news..... yet

I still can't get over the big buying that was happening last few days and in particular yesterday and today

As I've been saying we won't know for sure whats driving it until the Qtrly comes out

 

[Dr Doom]

600k market sell order?. Someone wanted to get out fast. Is that informed selling before the ann?.

 

[dj_420]

the buyers have now filled the gaps which is a good sign. could be re-rating as IMO market has not valued HLX previously on its uranium interests, every other company on the ASX has run very hard on surface samples, granted tenements, company name changes, anything with a whiff of uranium.

perhaps people are beginning to realise the deposits that HLX holds and interests in others.

chart looked like breaking out anyway in last couple days, so i see this company as undervalued on fundamental analysis and tech wise is looking great.

600 k sell order, i wouldnt worry. right before last MTN ann someone dumped their holdings 50 k order at 1.80 so a lot of sellers can also be misinformed.

i like to think that just because some people have more money than others DOES NOT necessarily make them smarter or better traders.

 

[ezyTrader]

EZY that was a large 600k order that sold from 19c down to 17.5c

Theres been about 10 500k + buy orders

So a few 500k+ sell orders would seem logical,

Don't forget the stock has run from 12c to 19c on no news..... yet

I still can't get over the big buying that was happening last few days and in particular yesterday and today

As I've been saying we won't know for sure whats driving it until the Qtrly comes out

Thanks, YT.
Do you know when's the report due out? Next week?

 

[YOUNG_TRADER]

600k market sell order?. Someone wanted to get out fast. Is that informed selling before the ann?.

I think your name says it all Dr

 

[mick2006]

announcement out!!1

 

[mick2006]

looks like hlx and joint venture partners are heading towards early iron ore development, this will lead to early cash flow.

Could be why people have been buying it up

 

[llcede]

Thanks, YT.
Do you know when's the report due out? Next week?

IT is out now.

 

[ALFguy]

Particularly liked this statement:

"Our exposure to iron ore, gold and uranium commodities on our advanced projects, in addition to our ongoing project generation strategy securing zinc, copper and lead targets at Northampton and nickel targets on our West Pilbara tenements, sees the Company well placed for 2007 at a current modest market capitalisation value"

 

[Dr Doom]

I think your name says it all Dr

Yes, an interesting exercise in psychology.

The announcement was a real market mover.

Now we can all get some sleep. (Not at RBM though )

 

[YOUNG_TRADER]

Yes, an interesting exercise in psychology.

The announcement was a real market mover.

Now we can all get some sleep.

Here's a thought, find an undervalued resource stock, do alot of fundamental analysis on it and then please post up your findings on ASF, or as you said you can go back to sleep

Forgot to add my thoughts re Qtrly

- Tunkillia Well good to know the the JORC Upgrade is due out "shortly"

- Yalleen Iron Ore, didn't realise how quickly API was progressing with their work, more results due out soon from a diamond drill, as well as follow drilling soon

- Lake Everard, Toro will be drilling 2nd Qtr 07, I really find the anamolies interesting

- West Pilbara near Fox, looks like they want to follow up a Nickel target with surveys to happen soon

Tunkilla underwrites the SP imo, the rest is just a bonus

 

[dj_420]

what was wrong with ann dr doom?

- great gold projects (upgrade coming)
- iron ore project moving towards development
- uranium exp targets
- nickel targets

IMO the ann has proved everything this company is, only waiting for resource upgrade for gold deposit now.

stated in ann, modest market cap

 

[mick2006]

looks like they have identified some good uranium prospects with jv partner TORO ENERGY (TOE), a 25km strike with 5 drill targets with 200 holes to be drilled in each. 1000 holes over the next couple of months should add some interest for all those who want exposure to uranium. On top of large gold resource and iron ore projects that seem to be on their way to be developed.

 

[Dr Doom]

Nothing wrong with the ann at all (in fact I liked it a lot). If your expectations of the share price rocketing through the roof were not met, then don't blame me. If you want to get worked up over something that basically said 'more of the same, still on track with our plans', then fair enough. That's all I'm saying. If the market HAD liked the ann AND thought HLX was a buy then why hasn't it bolted today?. The info's on the table, let's see where it ends up. Experience and/or maturity may help in at least hearing someone else's opinion or point of view, and will enhance your trading future.

 

[YOUNG_TRADER]

So 12c to 18c isn't considered a good gain? ?


Who wants the Share Price to bolt? not me

I'd much rather prefer consolidation around 16c given its run 50% in 2 days, before its next move up which once it breaks 20c I'm not sure where and the catalyst for this will IMO be the JORC upgrade at Tunkillia

Anyway company's fundamentals are there, what happens next is up to the market, so I'll just wait and see

Cheers D D

p.s. with a name like Doom, can you blame people for assuming your a tee bit pessimistic?

 

[mick2006]

I think the market may be a bit stunned by the amount of information involved in the quarterly. So many different projects going on at once, everyone is still trying to digest all the information.

Iron Ore Drilling Results Due
Gold Resource Calculation Due
Gold Soil Samples Awaited
Gold Drilling assays awaited
Uranium strike and targets identified
Iron Ore now heading towards production no one saw this coming

The next month could contain several major announcements, will certainly keep the investors interested!

 

[Dr Doom]

So 12c to 18c isn't considered a good gain? ?


Who wants the Share Price to bolt? not me

I'd much rather prefer consolidation around 16c given its run 50% in 2 days, before its next move up which once it breaks 20c I'm not sure where and the catalyst for this will IMO be the JORC upgrade at Tunkillia

Anyway company's fundamentals are there, what happens next is up to the market, so I'll just wait and see

Cheers D D

p.s. with a name like Doom, can you blame people for assuming your a tee bit pessimistic?

YT, read my post again. I'm not dissing it at all. I never said 12-18c wasn't a good gain, did I?. Never thought a user name would prejudice peoples psychology so much. How about - 'I think HLX is a screaming buy, after it consolidates a bit'. Extremely undervalued and should be a terrific earner in the next few months.

 

[YOUNG_TRADER]

YT, read my post again. I'm not dissing it at all. I never said 12-18c wasn't a good gain, did I?. Never thought a user name would prejudice peoples psychology so much. How about - 'I think HLX is a screaming buy, after it consolidates a bit'. Extremely undervalued and should be a terrific earner in the next few months.

lol, no need for that,

Apologies if I misconstrued your post,

Lets leave it at that,

Friends?