HLX - Helix Resources

[thefisherman]

always learnt to take what directors say with a pinch of salt, been burnt plenty of times by misleading directors, they nearly always talk it up, its their job, the market is being informed by telling shareholders what they think they know, its not inside trading, its called research on the shareholders part, if the directors told potential shareholders nothing why would they buy the shares, the result are almost guaranteed to be late, but they r coming.

 

[toc_bat]

ok it may not be obvious - im sure it is - but im a newbie! gasp. so i was under the impression that any price sensitive news or news which can be said to be advantageous to be privy to must not be divulged say on the phone to one particular investor but must be ann'd publicly. i reckon the bit about HLX having 200m of iron ore would very easily qualify for this category of news.

or, correct me someone, insider trading is not about divulging news in public anns but about those having the unpublicized news NOT acting on it until it is public, so fisherman that means you are not allowed to buy or sell HLX shares from this point on , hahahaha,

 

[thefisherman]

u r not getting the point fool, anybody can ring them and ask for details on projects that r progressing, u r obviously a 'newbie', do ur home work.....and find something relevant to contribute....instead of making unsubstantiated allegations..........FOOL...........

 

[toc_bat]

ok thanks for the abuse, much appreciated, i was joking, i realise jokes dont come across very readily across these formats and emails etc, which is why added the "hahaha", edit: with my feeble joke i tried to elevate you to the lofty heights of an insider.

i still think tho that any company rep shouldnt divulge sensitive info to one person esp if it may have a dramatic bearing on price.

 

[YOUNG_TRADER]

I found this in AQA (API JV Iron Ore) Qtrly Page 10.

Diamond drilling has been finished, AQA have put the results in their Qtrly, now just a matter of time for HLX to release it.


The drilling confirms a mineralised
zone of 2.7km x 900m, up to 30m thick and grading
up to 60% Fe.This could be alot bigger than I thought at first



WEST PILBARA – YALLEEN PROJECT
(API earning 70%)
During the Quarter, the Company announced the
discovery of a buried channel iron deposit on the
West Pilbara–Yalleen Iron Ore project located
approximately 50km east south-east of the Pilbara
township of Pannawonica.
Subsequent to the earlier announcement a diamond
drill program was completed and comprised of 7
holes for a total of 103m. Diamond drill tails were
completed to infill the initial Barber drilling located
along the major axis of the Hoist EM anomaly.
Results returned from the diamond drill program
confirmed the thickness and high grade nature of the
channel iron. The drilling confirms a mineralised
zone of 2.7km x 900m, up to 30m thick and grading
up to 60% Fe.
All drill holes intersected variable thickness of
mineralised pisolitic iron of up to 30m, overlain by
approximately 10-12m of “shingle” (gravel and
cobble sized unconsolidated clasts). The number,
thickness and spread of the intercepts returned are
encouraging.
Selected results returned are listed in Table 6.


Table 6: Selected Barber and diamond drill intercepts from the Yalleen Project
Hole ID From To Intercept Al2O3% SiO2
% P% S% LOI%
Yalleen
Barber Drill
YABA001 10 46 36m @ 58.42 % Fe 3.19 5.40 0.048 0.016 7.38
YABA004 14 25 11m @ 56.95 % Fe 4.52 5.71 0.043 0.011 7.92
YABA005 27 41 14m @ 57.38 % Fe 3.62 5.58 0.066 0.013 8.03
YABA006 13 28 15m @ 58.53 % Fe 3.48 4.31 0.144 0.023 7.76
YABA007 17 47 30m @ 60.47 % Fe 2.85 3.17 0.055 0.019 7.11
YABA009 9 21 12m @ 60.11 % Fe 2.82 4.00 0.051 0.015 6.81
Diamond Drill
YADD019 12 40 28m @ 57.14 % Fe 3.69 5.95 0.050 0.019 8.02
YADD021 34 54.9 20.9m @ 59.36 % Fe 2.76 4.80 0.055 0.022 6.79

 

[thefisherman]

just bought another 100 thou, after reading that, this could be huge for helix, as i have been saying, sitting on 500 thou, plus 200 thou options, thinking of buying more, got to be in it to win it...............

 

[YOUNG_TRADER]

Ok about to give up an estimate for Iron Ore


The drilling confirms a mineralised
zone of 2.7km x 900m, up to 30m thick and grading
up to 60% Fe.

2700x900x30 = 73m Cubic Metres Ore

Now over at the YML thread gringokonyo and camaybay established that 1cubic metre ore = 4 tonnes

so 73m Cubic Metres = 292mt Ore grading say 58% Fe

I only just did the calcs then, omg it could be huge

 

[dj_420]

yeah it looks great. i did the same calcs earlier and got a great suprise. if they fast track mine development this will be one of the emerging iron ore plays that the market will wake up to.

not many people know the relevance of this one, but slowly, slowly market will wake up.

 

[marc1]

Thanks for all the T/A on this one Y/T.

Appreciate all the time and effort you dedicate to your trade.

In @ .145 today

cheers mate.

 

[thefisherman]

they r starting to RUN fellas, got to be in it to win it..........16-5c

 

[constable]

they r starting to RUN fellas, got to be in it to win it..........16-5c

hehehe that was me !!!!!

 

[YOUNG_TRADER]

yeah it looks great. i did the same calcs earlier and got a great suprise. if they fast track mine development this will be one of the emerging iron ore plays that the market will wake up to.

not many people know the relevance of this one, but slowly, slowly market will wake up.

I'm speechless because now HLX has 2 company making projects, both of which its free carried through to development by JV partners,

AQA/API has stated they will begin feasibility and development plans asap.

 

[canny]

I'm speechless because now HLX has 2 company making projects, both of which its free carried through to development by JV partners,

AQA/API has stated they will begin feasibility and development plans asap

YT - The AQA Fe is huge - but actually we may find yet that the nes to send this into orbit comes from Toro.
That gives 3 major reasons to be in - the gold, the AQA 30% and the Toro Uranium, which may be the next ann.

Been looking extremely hot - and I don't think it can hold back for much longer.

AND Helix will very much want to get the oppies over the line and cashed in during March/ April - so expect them to pull out all stops!!

 

[mick2006]

The fact that AQA have already started resource calculations for their iron ore tennements will only shine the spotlight on HLX even further, just looking at the potential of some of AQA projects including the JV with Helix it must make both companies takeover targets just based on the potential resources.

HLX could be a takeover target now for its Iron Ore or Gold potential.

Very exciting 2nd quarter ahead

Iron Ore Resource Statement
Tunkillia Resource Upgrade
Uranium Drilling with Toro

And don't forget what Canny previously posted they need the options converted to fund exploration so be prepared for some serioius self promotion to make sure the options are converted!!!

 

[thefisherman]

they're not releasing the info until next week.

 

[YOUNG_TRADER]

Golds over $650 oz,

Can only help Tunkillia

Also re "results to be released next week" are you expecting a summary of what AQA put out, or a more detailed report, perhaps outlining a target deposit size etc etc? ? ?

 

[thefisherman]

spoke to directors, feel mislead, as usual, meetings with mep, and aqa next week, maybe release something then, leaving it up to shareholders to look up aqa results themselves and make their own judgement, overly cocky so maybe that is a very good sign, maybe, still a believer, options are looking better, not sure if they do have nearly 300m tonnes of iron ore because the thickness is not 30m or the way through. maybe they do,

 

[YOUNG_TRADER]

spoke to directors, feel mislead, as usual, meetings with mep, and aqa next week, maybe release something then, leaving it up to shareholders to look up aqa results themselves and make their own judgement, overly cocky so maybe that is a very good sign, maybe, still a believer, options are looking better, not sure if they do have nearly 300m tonnes of iron ore because the thickness is not 30m or the way through. maybe they do,

Thats silly, they can't expect people to look up AQA and make the link,

I reckon shareholders ie us should also call the company and ask questions re this Iron Ore porject, trust me if enough of us do it, they'll release an asx announcement about it,

Happened with NWE, shareholders called the company re Indian deal etc et, after a few days they released an asx release about it

I've already called them, got the same sorta feedback re its up to their JV partner etc etc

Results due soon etc

 

[thefisherman]

YT here is greg wheelers-directors- mobile, in adelaide, ring him and tell him you are not happy (like i did), 0414961122, snubed me off, like u said if enough of us do it, they will have to listen to us..........

 

[dj_420]

are we allowed to send a query to ASX??

HLX have information which has been released via AQA yet have made no offical ann regarding those drill results. is this withholding information??

the directors of HLX cannot honestly expect people to make these connections. no one probably even makes the connection between TOE and HLX.

I will email ASX find out.