Australian (ASX) Stock Market Forum

Outstanding Breakout Alerts!

Jump to new
Re: OUTSTANDING BREAKOUT Alerts!!

doctorj said:
Probably is too late to enter.

KIM isn't too late to enter, but whether or not you want to is another question.

This one showed up on some of my scans today. It's been in the press lately, particularly here in WA where there have been a few different rumours floating about. Chart shows a break of resistance today and an increase in volume. How outstanding it is, is up to you. Would post chart, but change in OS back to Win2000, doesn't have the ability to save as a GIF/JPEG in paint and the BMP is too large. Will install photoshop shortly.
Click to expand...

Doc,

KIM has fallen back again, poor guidance by management resulted in the last big drop last year. Still hasn't recovered from it. I'd wait longer. I assume KIM is the stock you referred to. Probably will go sideways for a bit. Good luck with photoshop, should make things easier.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Take a look at some gold stocks...

Overseas indicies are up sharply whilst the metal itself appears to have bounced from 50dma.

DRD + AGG looks like a breakout. DRD up around 30% from low .
OXR worth a look too.
Am watching NCM, PDG and SGX in view of the overall gold stocks market.

I don't follow all gold stocks so there may be others.

Some of the oil stocks have also moved up, though not necessarily a breakout as such, in line with the gold stocks.
 
Re: OUTSTANDING BREAKOUT Alerts!!

HAV has sky rocketed today after finding a lot of stuff in the ground.
 
Re: OUTSTANDING BREAKOUT Alerts!!

doctorj said:
HAV has sky rocketed today after finding a lot of stuff in the ground.
Click to expand...

Must literally be money in the ground the way some of these co's fly!
 
Re: OUTSTANDING BREAKOUT Alerts!!

Here is HAV, one hell of a jump on that gap, Tech will be familiar with these setups from what I've seen at Reefcap, let's see how it pans out tomorrow and dayafter.
 

Attachments

  • HAV st.gif
    HAV st.gif
    7.6 KB · Views: 285
Re: OUTSTANDING BREAKOUT Alerts!!

The announcement for those interested.
15 February 2005 - 80 Million Tonne Copper-Gold-Molydenum Resource At Kalkaroo
Havilah is pleased to announce that it has completed a resource and mine plan evaluation study based on drilling completed in 2004 at its 100% owned Kalkaroo copper-gold-molybdenum project. Important conclusions arising from this study are:

Kalkaroo contains a Measured Resource of 80 million tonnes at a copper equivalent grade of 0.9%, calculated in accordance with the JORC Code. Converted to gold equivalent terms at current metal prices, this equates to a gold deposit of approximately 5.2 million ounces at a grade of 2 g/t.
Within this Measured Resource envelope the current open pit mine design captures 56 million tonnes at a copper equivalent grade of 1.04% (2.4 g/t gold grade equivalent).
This resource is sufficient to maintain a mining operation for a period of at least ten years at an annual production rate of approximately 25,000 tonnes copper, 78,000 ounces gold and 680,000 kg molybdenum.
Based on initial estimates of expected capital and operating costs for the preliminary mine plan, the mining operation can generate an operating surplus of approximately $90 million per annum at current metal prices. This translates to an NPV for the Kalkaroo deposit of $237m at a 10% discount rate.
The favourable economics are a function of the soft overburden (not requiring blasting), the relatively low waste:eek:re ratio of 1.4:1 (cubic metres of waste per tonne of ore) and the almost 2 km length of the orebody that lends itself to low cost coal mining methodologies where the waste is dumped in the open pit behind the advancing mine face.
There is excellent scope to expand this resource for minimal additional cost because currently it remains open along strike and down dip.
The mineralisation and host geology is remarkably continuous between drillholes and Havilah’s drilling results are very comparable with those of earlier explorers, namely Placer, Newcrest and MIM. It is for this reason that the resources have been placed in the highest category, namely that of a Measured Resource, as it is unlikely that further drilling within the currently defined Measured Resource will markedly alter the size or grade parameters.
The following key factors are relevant to the resource and mining model:

The modelling, carried out by external mining engineering consultants, is geologically based, relying on detailed geological interpretations supplied by Havilah geologists.
Geological resource and mining models were constructed using VULCAN 3D mining software, applying grade cutoffs of 0.4% copper equivalent and a density of 2.7.
Block grade estimation was aligned parallel with the deposit and oriented down the dip of the mineralisation.
Internal waste was assigned where the cutoff was below 0.4% copper equivalent.
The resource is quoted in simplified copper equivalent terms since this is a polymetallic deposit with variable grades of copper, gold and molybdenum throughout the deposit
Drill sections are spaced 100 metres apart along the strike of the deposit, with usually two or three drillholes per section line. There is good continuity of mineralisation and host rock geology between drillhole sections and between drillholes on each section line.
Data for 56 Havilah holes and 39 earlier drillholes (including diamond drillholes) that lay within the ore envelope were used for the resource calculations.
All drillholes were carefully logged in order to permit meaningful geological correlations and were sampled as 3 metre composites.
Drill samples are of an acceptable standard, with generally good recoveries of mostly dry sample, which was only achieved after considerable experimentation with a powerful multipurpose drilling rig. This was an important technological achievement for Havilah since drilling at Kalkaroo in the past has proven extremely difficult with often sub-standard sample recoveries from underpowered aircore drilling rigs.
Havilah has verified assay data quality as far as possible by use of its own internal standards, blanks and duplicate samples, and by employing a range of assay methods.
Over the next few months Havilah will be addressing various forward planning issues including ore metallurgy, geotechnical studies, refining capital and operating cost estimates, permitting and infrastructure development all with the view to commencing a mining operation as rapidly as possible. To this end Havilah has formed a new 100% owned development and operating company, namely Kalkaroo Copper Pty Ltd, to develop the Kalkaroo project.

Synchronous with this Havilah will continue exploration at several of its other promising mineral projects, including the geologically similar North Portia prospect, since any further economic discoveries in the district will have significant planning implications for the location of a milling site and related infrastructure developments.
Click to expand...
 
Re: OUTSTANDING BREAKOUT Alerts!!

Hey, who said BGF had failed? :D

GP
 

Attachments

  • BGF_GP2.gif
    BGF_GP2.gif
    14.8 KB · Views: 233
Re: OUTSTANDING BREAKOUT Alerts!!

Glad you're keeping an eye on BGF gp, I forgot about it, nice to see the higher volume, noticed a lot of orders to buy at 17.5 and to sell at 19c.
 
Re: OUTSTANDING BREAKOUT Alerts!!

BGF broke through the ceiling today on good volume.

MLB looks like it's breaking up again on good volume too.

Cheers,
GP
 

Attachments

  • BGF_GP3.gif
    BGF_GP3.gif
    14.8 KB · Views: 275
  • MLB_GP1.gif
    MLB_GP1.gif
    16.3 KB · Views: 272
Re: OUTSTANDING BREAKOUT Alerts!!

Guess which company starting with B leaks like a bloody sieve. OTOH, todays annoouncement was _very_ good, and is surely worthy of another 3-4c.

(BGF incase you didn't read the previous message).
 
Re: OUTSTANDING BREAKOUT Alerts!!

DLS and ERG seem to be doing well- two solid candidates (DLS riskier).

DLS, flag breakout, widening spread, good volume, looking for bluesky, next target 9.1c (measured move). Too late to enter imo until some consolidation.

ERG breakout today, seems to be reversing downtrend on huge volume, good buy depth. Great prospect.

Any comments? There's an ERG thread somewhere, I'll post on that soon. I like turnaround stories that show up on the chart, might buy in.

ERG thread- https://www.aussiestockforums.com/forums/showthread.php?p=7991#post7991
 
Re: OUTSTANDING BREAKOUT Alerts!!

RichKid said:
DLS ... Too late to enter imo until some consolidation.
Click to expand...
Aw c'mon... I just entered it (in the stock picking comp :D).

And BGF still looking good. Picked up a little today, so 30 cents here we come! :D

Cheers,
GP
 

Attachments

  • BGF_GP4.gif
    BGF_GP4.gif
    15.1 KB · Views: 208
Re: OUTSTANDING BREAKOUT Alerts!!

If there was ever an example of how irretrievably stupid the market participants are, then BGF is it. BGF was going up and down like a yoyo between 15 and 18c with changes in POG (the fact that bgf won't produce gold for another 6 months didn't seem to matter -- and even if it was, the general gold trend would be more appropriate -- the trend in aussie dollars as well.... but I digress).

Then, bgf announces it increases gold reserves by 57%....ie future earnings increased by somewhere of the order of 50% as an absolute minimum...

And the price goes up 2c and then down 1.5c?????

Gave me a chance to pick up BGFO I guess.
 

Similar threads

kahuna1
All trading needs to cease for 14 days prior to Monday open in Sydney
2 3 4
Replies
75
Views
10K
divs4ever
divs4ever
R
The 7 Moats of Quality Companies
Replies
7
Views
6K
divs4ever
divs4ever
R
5 Years of Reflection
Replies
9
Views
6K
Dona Ferentes
Dona Ferentes
Triathlete
Trading with Price, Pattern and Time
Replies
0
Views
5K
Triathlete
Triathlete
L
How to enter any trade at the sale price, not the retail price!
Replies
0
Views
3K
LASOI
L
Top