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Hi folks,
CYS ..... another IPO, listing on 29052008 and has a positive
cycle in play, on 30053008, so this one could be well supported,
from the outset .....
More later.
have a great day
paul
=====
PIL - Peppermint Innovation
- Thread starter Trader Paul
- Start date
Hi folks,
CYS ..... another IPO, listing on 29052008 and has a positive
cycle in play, on 30053008, so this one could be well supported,
from the outset .....
More later.
have a great day
paul
=====
- Joined
- 6 June 2007
- Posts
- 1,314
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- 10
CYS - Chrysalis Resources
New float for a WA explorer - Chrysalis Resources.
It is looking for gold, iron ore and nickel in various locations in WA.
What caught my eye was one of their IO tenements is smack bang in the Pilbarra and has the potential for Brockman/Marra Mamba style CID outcroppings on site.
They are raising $3m via the issue of 15m shares. Total shares on issue 38m. Top 20 will hold plenty of these.
Here is the link to the propsepctus - http://chrysalisresources.com/index.php?option=com_content&task=view&id=4&Itemid=7
I have cut and pasted the West Anglelas project description below.
West Angelas
Iron Ore Project
The West Angelas project area is located approximately 135
kilometres west of Newman in the world-class Pilbara iron
ore province of Western Australia. Both the Brockman Iron
Formation and the Marra Mamba Iron Formation, the major
sources of iron ore in the Pilbara iron ore province, outcrop
within the project boundary.
The primary exploration target within the project area is an
area of ‘massive and pisolitic ferruginous duricrust’ located
near the centre of the exploration licence. This iron rich
unit, which measures approximately 2 kilometres by 1.5
kilometres, lies within the present day drainage basin of
Turee Creek, and may be part of a palaeodrainage system
which drained the actively eroding Marra Mamba and
Brockman Iron Formations of the Hamersley Group. It is
possible that the ferruginous duricrust extends beneath the
surrounding alluvial and colluvial deposits for up to several
kilometres.
Deposits of this nature (ferruginous pisolitic deposits
within palaeodrainage systems) are known as Channel
Iron Deposits, or CIDs. CIDs are important sources of iron
ore in the Pilbara iron ore province, and now account for
approximately 30% of the total annual iron ore production in
Western Australia.
The project area also has excellent potential for the
discovery of iron ore within the Marra Mamba and Brockman
Iron Formations, both of which host economic deposits
throughout the Pilbara region.
New float for a WA explorer - Chrysalis Resources.
It is looking for gold, iron ore and nickel in various locations in WA.
What caught my eye was one of their IO tenements is smack bang in the Pilbarra and has the potential for Brockman/Marra Mamba style CID outcroppings on site.
They are raising $3m via the issue of 15m shares. Total shares on issue 38m. Top 20 will hold plenty of these.
Here is the link to the propsepctus - http://chrysalisresources.com/index.php?option=com_content&task=view&id=4&Itemid=7
I have cut and pasted the West Anglelas project description below.
West Angelas
Iron Ore Project
The West Angelas project area is located approximately 135
kilometres west of Newman in the world-class Pilbara iron
ore province of Western Australia. Both the Brockman Iron
Formation and the Marra Mamba Iron Formation, the major
sources of iron ore in the Pilbara iron ore province, outcrop
within the project boundary.
The primary exploration target within the project area is an
area of ‘massive and pisolitic ferruginous duricrust’ located
near the centre of the exploration licence. This iron rich
unit, which measures approximately 2 kilometres by 1.5
kilometres, lies within the present day drainage basin of
Turee Creek, and may be part of a palaeodrainage system
which drained the actively eroding Marra Mamba and
Brockman Iron Formations of the Hamersley Group. It is
possible that the ferruginous duricrust extends beneath the
surrounding alluvial and colluvial deposits for up to several
kilometres.
Deposits of this nature (ferruginous pisolitic deposits
within palaeodrainage systems) are known as Channel
Iron Deposits, or CIDs. CIDs are important sources of iron
ore in the Pilbara iron ore province, and now account for
approximately 30% of the total annual iron ore production in
Western Australia.
The project area also has excellent potential for the
discovery of iron ore within the Marra Mamba and Brockman
Iron Formations, both of which host economic deposits
throughout the Pilbara region.
- Joined
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- 1
Re: CYS - Chrysalis Resources
Hi folks,
Previously posted, on another forum:
"CYS ..... another IPO, listing on 29052008 and has a
positive cycle in play, on 30053008, so this one could
be well supported, from the outset ....."
..... and well supported it is, with only one seller at 55 cents !~!
More later.
have a great day
paul
=====
Hi folks,
Previously posted, on another forum:
"CYS ..... another IPO, listing on 29052008 and has a
positive cycle in play, on 30053008, so this one could
be well supported, from the outset .....
"..... and well supported it is, with only one seller at 55 cents !~!
More later.
have a great day
paul
=====
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
Re: CYS - Chrysalis Resources
Code Last % Chg Bid Offer Open High Low Vol
CYS 0.270 0% 0.270 0.550 0.250 0.270 0.230 280,000
Suprising offer at 55 cents
No one asking Dr Neal Fong's knowledge on resource industry. How could he manage to look after Footy, health administration, general practice and then to know about resources
THis is a share I will keep an eye before putting money
DYOR and enjoy CYS
Code Last % Chg Bid Offer Open High Low Vol
CYS 0.270 0% 0.270 0.550 0.250 0.270 0.230 280,000
Suprising offer at 55 cents
No one asking Dr Neal Fong's knowledge on resource industry. How could he manage to look after Footy, health administration, general practice and then to know about resources
THis is a share I will keep an eye before putting money
DYOR and enjoy CYS
- Joined
- 5 June 2007
- Posts
- 1,045
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- 1
Re: CYS - Chrysalis Resources
Hi folks,
CYS ..... as expected a nice run up today ... 33%, so far ...
Thank you, Lord .. !~!
have a great weekend
paul
=====
Hi folks,
Previously posted, on another forum:
"CYS ..... another IPO, listing on 29052008 and has a
positive cycle in play, on 30052008, so this one could
be well supported, from the outset .....
..... and well supported it is, with only one seller at 55 cents !~!
More later.
have a great day
paul
=====
Hi folks,
CYS ..... as expected a nice run up today ... 33%, so far ...
Thank you, Lord .. !~!
have a great weekend
paul
=====
- Joined
- 11 July 2007
- Posts
- 361
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- 3
Re: CYS - Chrysalis Resources
Hmmmm ...... WOW was my first comment after researching CYS. Don't normally get onboard new IPO's but this time i have made an exception.
CYS are a potential multi-commodity resource company as mentioned in previous posts with some very interesting tenements that have potential for iron ore, gold and nickel at present. For a company with a small market cap of only around $7M at present, it would appear to me that CYS has a lot of upside. In terms of iron ore they seem to have some very prospective ground.
Also, CYS has already started their drilling campaign at Sheeza which from my understanding is prospective for gold. The company is expecting drill results to be returned by 3rd week in June
Hmmmm ...... WOW was my first comment after researching CYS. Don't normally get onboard new IPO's but this time i have made an exception.
CYS are a potential multi-commodity resource company as mentioned in previous posts with some very interesting tenements that have potential for iron ore, gold and nickel at present. For a company with a small market cap of only around $7M at present, it would appear to me that CYS has a lot of upside. In terms of iron ore they seem to have some very prospective ground.
Also, CYS has already started their drilling campaign at Sheeza which from my understanding is prospective for gold. The company is expecting drill results to be returned by 3rd week in June
- Joined
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- Posts
- 361
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- 3
Re: CYS - Chrysalis Resources
As mentioned in my post about a week ago, CYS are expecting results from their drilling program at Sheeza. They mentioned that they expected to receive these results within 3 weeks of the 29/5 announcement which means we should see them sometime this week.
We definitely saw sellers dry up late last week. On the BUY side we now have 23 buyers for over 1.86 million shares and on the SELL side only 3 sellers for just over 45,000 shares. With a market cap currently just under $6M it would seem to have plenty of potential in the future given the multi-commodity tenements they have. Early days for CYS but good luck to all holders!
Hmmmm ...... WOW was my first comment after researching CYS. Don't normally get onboard new IPO's but this time i have made an exception.
CYS are a potential multi-commodity resource company as mentioned in previous posts with some very interesting tenements that have potential for iron ore, gold and nickel at present. For a company with a small market cap of only around $7M at present, it would appear to me that CYS has a lot of upside. In terms of iron ore they seem to have some very prospective ground.
Also, CYS has already started their drilling campaign at Sheeza which from my understanding is prospective for gold. The company is expecting drill results to be returned by 3rd week in June
As mentioned in my post about a week ago, CYS are expecting results from their drilling program at Sheeza. They mentioned that they expected to receive these results within 3 weeks of the 29/5 announcement which means we should see them sometime this week.
We definitely saw sellers dry up late last week. On the BUY side we now have 23 buyers for over 1.86 million shares and on the SELL side only 3 sellers for just over 45,000 shares. With a market cap currently just under $6M it would seem to have plenty of potential in the future given the multi-commodity tenements they have. Early days for CYS but good luck to all holders!
- Joined
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- 3
Re: CYS - Chrysalis Resources
Hmmmm get the feeling i am the only one left on this one???? Anyone else out there in CYS-land??
We have had one set of results from one of their tenements so far. Anybody know what they are drilling or working on at present? They have quite a number of interesting tenements that are prospective for a number of commodities including iron ore
Hopefully i'm not talking to myself ....... comments anyone?
Hmmmm get the feeling i am the only one left on this one???? Anyone else out there in CYS-land??
We have had one set of results from one of their tenements so far. Anybody know what they are drilling or working on at present? They have quite a number of interesting tenements that are prospective for a number of commodities including iron ore
Hopefully i'm not talking to myself ....... comments anyone?
- Joined
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- 0
Re: CYS - Chrysalis Resources
This company has a crappy IR dept... Why are they sooo quite! We need to hear some new developments on projects soon, otherwise price will keep declining!
This company has a crappy IR dept... Why are they sooo quite! We need to hear some new developments on projects soon, otherwise price will keep declining!
Re: CYS - Chrysalis Resources
Hi All,
Its my first post in perhaps a year or so.
Bought 300,000 CYS options last Tuesday. They expire in June 2013 with 20c to exercise them. With the share price at 32.5c, the options are now 14c.
With a market cap of around $10 million, with over $3 million in cash,
CYS has 2 projects of worthy mention in particular.
1. Good progress at its Pioneer Gold Project in WA.
It has recently drilled a further 27 holes at the Spongelite Prospect, north of Norseman in Western Australia.
Spongelite is part of the Pioneer gold project.
The company has also announced that recent drilling has extended the area of known mineralisation to 360 metres north/south and 70 metres east/west.
According to the company, only nine holes in this drill program were greater than 120 metres in depth.
Chrysalis also reported that drilling also intersected a parallel mineralised zone to the east of the oxide mineralisation.
Better intersections in the Oxide Zone included 4m @ 12.59 g/t AU from 15m-19m, 1m @ 7.49 g/t AU from 35m-36m and 7m @ 2.77 g/t AU from 21m-28m.
Some of the better results from earlier drilling included 21m @ 4.80 g/t AU from 49m - 70m, 9m @ 4.88 g/t AU from 38m - 47m and 16m @ 2.29 g/t AU from 31-47m.
2. The icing on the cake.. The acquisition of a granted exploration tenement approximately 20 kilometres west along strike from the Sandfire Resources (ASX:SFR) ‘DeGrussa’ Copper/Gold Deposit.
Outside of ground held by Sandfire Resources (ASX:SFR), this tenement package comprises one of the largest single land holdings and represents a strategic investment by the Company in the highly prospective and emerging upper corridor of the Narracoota Volcanics formation within the Doolgunna area.
The Project area is located approximately 150km north of Meekatharra in Western Australia and comprises granted Exploration Licence 52/2275. The total exploration tenement measures 18.5 km² and contains around 7 kilometres of prospective strike.
With a number of rich VMS Deposits occurring over lengths of only a few hundred metres, the size of the project area provides significant scope for future exploration activities.
I'm hoping for a repeat of SFR here. Meanwhile, continuing promising results from the Pioneer Gold Project will keep the traders happy.
DYOR
Hi All,
Its my first post in perhaps a year or so.
Bought 300,000 CYS options last Tuesday. They expire in June 2013 with 20c to exercise them. With the share price at 32.5c, the options are now 14c.
With a market cap of around $10 million, with over $3 million in cash,
CYS has 2 projects of worthy mention in particular.
1. Good progress at its Pioneer Gold Project in WA.
It has recently drilled a further 27 holes at the Spongelite Prospect, north of Norseman in Western Australia.
Spongelite is part of the Pioneer gold project.
The company has also announced that recent drilling has extended the area of known mineralisation to 360 metres north/south and 70 metres east/west.
According to the company, only nine holes in this drill program were greater than 120 metres in depth.
Chrysalis also reported that drilling also intersected a parallel mineralised zone to the east of the oxide mineralisation.
Better intersections in the Oxide Zone included 4m @ 12.59 g/t AU from 15m-19m, 1m @ 7.49 g/t AU from 35m-36m and 7m @ 2.77 g/t AU from 21m-28m.
Some of the better results from earlier drilling included 21m @ 4.80 g/t AU from 49m - 70m, 9m @ 4.88 g/t AU from 38m - 47m and 16m @ 2.29 g/t AU from 31-47m.
2. The icing on the cake.. The acquisition of a granted exploration tenement approximately 20 kilometres west along strike from the Sandfire Resources (ASX:SFR) ‘DeGrussa’ Copper/Gold Deposit.
Outside of ground held by Sandfire Resources (ASX:SFR), this tenement package comprises one of the largest single land holdings and represents a strategic investment by the Company in the highly prospective and emerging upper corridor of the Narracoota Volcanics formation within the Doolgunna area.
The Project area is located approximately 150km north of Meekatharra in Western Australia and comprises granted Exploration Licence 52/2275. The total exploration tenement measures 18.5 km² and contains around 7 kilometres of prospective strike.
With a number of rich VMS Deposits occurring over lengths of only a few hundred metres, the size of the project area provides significant scope for future exploration activities.
I'm hoping for a repeat of SFR here. Meanwhile, continuing promising results from the Pioneer Gold Project will keep the traders happy.
DYOR
Re: CYS - Chrysalis Resources
Hi All,
CYS had another good day today rising 2.5c to 35c on turnover of over 1 million, not bad for a stock with 24.5 odd million freely tradeable. At one stage they hit 40c but then with the general slide went back to still finish higher for the day.
Since announcing their newly acquired landholding in the Doolgunna area near SFR's exciting project, I've noticed a correlation between the two stocks. Over the past week, SFR has moved up nicely, CYS has done even better.
With the nearology effect taking hold, more traders are wanting exposure to the area.
Anyone else following this one?
DYOR
Hi All,
CYS had another good day today rising 2.5c to 35c on turnover of over 1 million, not bad for a stock with 24.5 odd million freely tradeable. At one stage they hit 40c but then with the general slide went back to still finish higher for the day.
Since announcing their newly acquired landholding in the Doolgunna area near SFR's exciting project, I've noticed a correlation between the two stocks. Over the past week, SFR has moved up nicely, CYS has done even better.
With the nearology effect taking hold, more traders are wanting exposure to the area.
Anyone else following this one?
DYOR
Re: CYS - Chrysalis Resources
hi greggy
i am also onboard
and i am expecting big things from this little micro
there are alot of companies reaping the rewards of being within 100km of Sandfire.
but this, as todays presentation shows, exhibits the most exciting similarities
hi greggy
i am also onboard
and i am expecting big things from this little micro
there are alot of companies reaping the rewards of being within 100km of Sandfire.
but this, as todays presentation shows, exhibits the most exciting similarities
Re: CYS - Chrysalis Resources
Today was a day for the true believers. The shares are up 24%. The options up 62%...priceless.
I have been criticised elsewhere for believing in the nearology effect..well mate its worked out for us hasn't it.
From 9c the options have more than doubled to 22c.
Of major interest from todays great announcement:
"A comprehensive drilling programme will be initiated to test structural and/or blind geophysical targets delineated as a result of the VTEM survey. Chrysalis is sufficiently well funded to meet this challenge."
Goes to show that CYS are moving rapidly forward in the Doolgunna area and has enough cash.
DYOR
Hi Ronaldo,
Today was a day for the true believers. The shares are up 24%. The options up 62%...priceless.
I have been criticised elsewhere for believing in the nearology effect..well mate its worked out for us hasn't it.
From 9c the options have more than doubled to 22c.
Of major interest from todays great announcement:
"A comprehensive drilling programme will be initiated to test structural and/or blind geophysical targets delineated as a result of the VTEM survey. Chrysalis is sufficiently well funded to meet this challenge."
Goes to show that CYS are moving rapidly forward in the Doolgunna area and has enough cash.
DYOR
Re: CYS - Chrysalis Resources
with good reason too.
you look at those geochemical maps from their presentation yesterday, and compare them to the one released today by TLM from about 5kms down the road from Sandfire's De Grussa.
There is every reason to believe that CYS' own patch of the Narracoota volcanics will be at least as good, if not better, with much higher base metal shows concentrated over a similar area.
with good reason too.
you look at those geochemical maps from their presentation yesterday, and compare them to the one released today by TLM from about 5kms down the road from Sandfire's De Grussa.
There is every reason to believe that CYS' own patch of the Narracoota volcanics will be at least as good, if not better, with much higher base metal shows concentrated over a similar area.
Re: CYS - Chrysalis Resources
Hi Ronaldo,
CYS up around 30% today on the back of the nearology effect. SFR's discovery at Doolgunna only 20 kms away.
DYOR
Hi Ronaldo,
CYS up around 30% today on the back of the nearology effect. SFR's discovery at Doolgunna only 20 kms away.
DYOR
Re: CYS - Chrysalis Resources
Well today i jumped on this little ride as well. It will be interesting to see how high it can go as Greggy has already stated there is a major increase after today's trading. Fingers are crossed as I am a first timer and have done some research and also watched all the charts that people have put up here as I am slowly understanding them.
Well today i jumped on this little ride as well. It will be interesting to see how high it can go as Greggy has already stated there is a major increase after today's trading. Fingers are crossed as I am a first timer and have done some research and also watched all the charts that people have put up here as I am slowly understanding them.
Re: CYS - Chrysalis Resources
hi knighty
it is impossible to quantify how high the sp could go on speculation alone. but then that is the beauty of buying into a company with so few shares on issue and with a few good plots in all the right places.
this is the sweet spot if ever there was one - great nearology drawing attention to a cheap micro with good land and sound directors, and enough money to avoid dilution until after all the fun and games with the shareprice.
i will feel safe hanging on until at least after some holes have been drilled in Doolgunna, by which time any number of announcements regarding Pioneer or other prospects could have fortified the SP.
i doubt this will be in double digits for very long
hi knighty
it is impossible to quantify how high the sp could go on speculation alone. but then that is the beauty of buying into a company with so few shares on issue and with a few good plots in all the right places.
this is the sweet spot if ever there was one - great nearology drawing attention to a cheap micro with good land and sound directors, and enough money to avoid dilution until after all the fun and games with the shareprice.
i will feel safe hanging on until at least after some holes have been drilled in Doolgunna, by which time any number of announcements regarding Pioneer or other prospects could have fortified the SP.
i doubt this will be in double digits for very long
- Joined
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Re: CYS - Chrysalis Resources
CYS plunged after insignificant results reported from Doolgunna drilling. The Doolgunna project isn't a right off yet and the company seems to believe their is potential to continue exploration effort and understanding of the area. It needs to be remembered that CYS isn't just dependent on the success of their Doolgunna project.
While they are continuing work in this area they are also aiming to conduct a drilling program in their West Angelas Iron Project and also a drill program at the Pioneer Gold Project (focused on both the Spongelite and Jardine prospects). Also results from the infill soil sampling program to further delineate gold and nickel in soil anomalies are due early in this quarter.
CYS seems to have very good support at 15-16c. At these prices CYS has a market cap of less than $8M. CYSO options are exercisable at 20c on 30/6/2013 and found support at around 4-4.5c. There has been quite a bit of activity on the oppies and consequently they have risen on some reasonable volume up to 6c recently. There has been very little movement in the heads which I can't explain, other than to say that I think the heads are very good value currently. Buying volume now outnumbers selling volume by over 6:1. We may see the sp run a little in the near future .... today saw it close at 18c (up 12.5%)
CYS plunged after insignificant results reported from Doolgunna drilling. The Doolgunna project isn't a right off yet and the company seems to believe their is potential to continue exploration effort and understanding of the area. It needs to be remembered that CYS isn't just dependent on the success of their Doolgunna project.
While they are continuing work in this area they are also aiming to conduct a drilling program in their West Angelas Iron Project and also a drill program at the Pioneer Gold Project (focused on both the Spongelite and Jardine prospects). Also results from the infill soil sampling program to further delineate gold and nickel in soil anomalies are due early in this quarter.
CYS seems to have very good support at 15-16c. At these prices CYS has a market cap of less than $8M. CYSO options are exercisable at 20c on 30/6/2013 and found support at around 4-4.5c. There has been quite a bit of activity on the oppies and consequently they have risen on some reasonable volume up to 6c recently. There has been very little movement in the heads which I can't explain, other than to say that I think the heads are very good value currently. Buying volume now outnumbers selling volume by over 6:1. We may see the sp run a little in the near future .... today saw it close at 18c (up 12.5%)
