HLX - Helix Resources

[dj_420]

cant believe how undervalued this company is. some great projects in pipeline, will be great to see a resource upgrade for gold deposit and then also to see iron ore fast tracked to start development.

would like to see some additional iron drill results help start to put spotlight on this one.

 

[thefisherman]

400000 shares, thousand that is,

 

[mick2006]

with the implosion of BDG and BMO people could do alot worse than park some funds in HLX as exposure to the junior gold sector. We all know about Tunkillia being centre stage but also has exposure to iron ore, uranium, nickel.

Interesting to note Oxiana saying yesterday that they are on the lookout for more quality resources. Should HLX and MEP prove a large resource at Tunkillia it could certainly draw the attention of OXR seeing the ties HLX already has with MEP and TOE. Wouldn't take much for OXR to swallow HLX with a current market cap of $14.5 million.

 

[dj_420]

sp has retraced from recent run. would like to see HLX hold the critical support level of 14 cents. a break of this support and i see downside at 12 cents. has however retraced on much smaller volume than we saw push it up.

 

[mick2006]

interesting to see the decline in sp today although on small volume, minotaur is up 10% today in anticipation of the quarterly report. Remember Minotaurs main focus at the moment is Tunkillia so we should get some news by close of business tomorrow when all the quarterlies must be submitted.

 

[YOUNG_TRADER]

interesting to see the decline in sp today although on small volume, minotaur is up 10% today in anticipation of the quarterly report. Remember Minotaurs main focus at the moment is Tunkillia so we should get some news by close of business tomorrow when all the quarterlies must be submitted.

Very interesting and very true,

The thing is most people wouldn't get the link,

But thats a good thing as we who "know" can reason the following

1. IF MEP's main focus is Tunkillia

2. MEP's SP is rising in anticipation of a good qtrly

3. Qtrly has to be released tomoz

= Its more probable than not that MEP is about release some good info on its primary focus

 

[mick2006]

Looks like 14c is holding for the moment with a few buyers coming in when it breached that level, I guess people a realising they may only have a few hours left to grab some before MEP quarterly report that will be released by close of business tommorrow.

It may not contain the Tunkillia Resource Upgrade but I think it may contain drilling assays from the regional Tunkillia Drilling Program that was completed late last year.

 

[mick2006]

Minotaur announcement now maybe the quarterly!!

 

[mick2006]

Looks like MEP is stepping up Tunkillia they have said in the quaterly summary that the viability of a mining project is to be assessed.

Could it be that they have found the extra ounces required to start a mining operation?

 

[YOUNG_TRADER]

Some very interesting grades in recent drilling

Drilling, in the area tested, outlined a coherent oxide gold capping to the Tunkillia
mineralisation. Significant intercepts include:
• Above known bedrock mineralisation:
LEAC141, 10m @ 4.2g/t Au from 57m (to EOH)
LEAC145, 14m @ 2.4g/t Au from 49m
LEAC148, 4m @ 5.3g/t Au from 42m
LEAC151, 9m @ 2.4g/t Au from 49m
LEAC159, 8m @ 4.8g/t Au from 50m
LEAC166, 5m @ 5.9g/t Au from 56m (to EOH)
LEAC167, 13m @ 1.6g/t Au from 53m (to EOH)
LEAC168, 8m @ 2.7g/t Au from 55m (to EOH)
LEAC170, 11m @ 3.1g/t Au from 53m (to EOH)
LEAC171, 11m @ 2.7g/t Au from 50m (to EOH)
• Peripheral to known bedrock mineralisation:
LEAC146, 5m @ 12.1g/t Au from 48m
LEAC163, 12m @ 15.8g/t Au from 52m (to EOH)
LEAC165, 9m @ 1.7g/t Au from 55m (to EOH)
LEAC172, 9m @ 3.0g/t Au from 53m (to EOH)
Note: EOH (end of hole) refers to drilling that finished in mineralisation.

 

[dj_420]

what are peoples opinions of this??

i thought it was good as resource is still open in a number of directions, in addition this was an area previously thought to have contained no significant mineralisation.

the drill results are around 50 metres deep on average and contain some quite significant averages of gold.

i thought depth was interesting as many gold companies produce up to several hundred metres underground.

a revised resource estimate would be great now.

 

[YOUNG_TRADER]

have spoken to staff that say iron results out this week.

Would make sense,

I just took another look at their Qtrly

See Page 7, I found the following

"Additional in-fill drilling into Target 1, has been completed with results to be released by API shortyl."

Target 1 is that burried channel of Iron that they found in Dec where "All drill holes interescted variable thickness of mineralised pisolitic iron, up to 30 metres, overlain by approximately 10-12metres of "shingle" (read waste ore). The number, thickness and spread of the intersecpts returned are encouraging.

Well considering the JV jumped and completed In-Fill drilling which is much more time consuming than normal drilling as it requires alot more holes which are much closer etc in such a short period of time indicates that the "results must have been very encouraging"

In-fill drilling is what you do to get a JORC going

 

[thefisherman]

dont know if anyone remembers but helix were $4-00+ years ago-fact. there were less shares on issue but the market once considered Tunkilla huge..........spoke to director of helix and they reckon there is 1-200million tonnes of iron ore in the ground, at 50c royalty, that equates to 50-100million for the iron ore alone, add gold(excluding resource upgrade), add uranium== 50c-to $1 a share in my opinion. the shares have been down for along time, people taking tax loses etc, etc, but when they go they will go......last week was looking good but the good news didnt come out.....

 

[thefisherman]

is anyone following this one?

 

[j4mesa]

yes fisherman,

just checked the charts.......
yeah you are right and there is some spike on 2001 but then it goes down again.....hmmm research more bout this company

 

[thefisherman]

unfortunatly the guys running the company have jv every project they have and appear to be sitting on their backsides not pushing the company, in the comfort zone, also there was alot of infighting in the company, where most people resigned. that caused the share price to plumet. they could be talking $5 billion+ iron ore project alone. the directors need a kick up the backside to get share price up......

 

[dj_420]

yesterdays action saw a dragonfly doji to end trade. this is a good reversal indicator for retracements and downtrends.

it shows the sellers failed to close the stock on the low of the day and that buyers have pushed it back up well of the high indicating support has been found.

the important point to note here is that the bottom of the dragonfly doji has hit the point of 13.5 cents and then bounced, this was another area of support.

the dragonfly doji requires a white candle today to confirm trend reversal.

 

[toc_bat]

dont they also need a kick up the bum for telling you that they will be releasing an iron ore related ann this week? doesnt that make you a little bit of an insider? granted they may have not told you whats in the ann, but still ...

 

[thefisherman]

they said last week-results, but as usual these things are delayed, waiting on jv partner, they are allowed to tell shareholders when they are expecting results, to do otherwise would be leaving shareholders in the dark. in my experience the results are allways delayed by weeks. more of the same i expect, but fast tracking development is a very good sign.

 

[toc_bat]

fair enough, but are they allowed to tell you this "spoke to director of helix and they reckon there is 1-200million tonnes of iron ore in the ground" just over the phone a few days or weeks before the market is officially notified? also 1-200 is a huge spread, not wanting to sound like a winger but have learnt to be a little more cautious,

thanks