SHE - Stonehorse Energy

[INORE]

Re: HCY - Halcyon Group

hey mmmining. Its a sad fact with this stock that somethings been going on foreverrr.....

petee maite, I've also held since 0.018 but am convinced for the short term this resistance will not be broken.

Still holding till the next solid announcement.

yep, i agree that they are well due for an announcement with substance... it's unusual for these volumes to continue for so long without any announcement. I beleive that the trades we've seen over the last 2 weeks are, 70% speculation/daytraders and 30% are from people that think they know something...IMO....

 

[MiningGuru]

Re: HCY - Halcyon Group

2.0 and 2.1c have been chomped.

Lets see if it can break the 2.2c resistance level!

It will then be on the move.

 

[MiningGuru]

Re: HCY - Halcyon Group

Announcement!


Thursday 21 December 2006
Ref: 606/127
Company Announcements Office
Australian Stock Exchange Limited
Level 4 Exchange Centre
20 Bridge Street
Sydney NSW 2000
DRILLING RESULTS POINT TO POTENTIAL NEW COPPER ZONES AT MOUNT PLEASANT
The Directors of Halcyon Group Ltd (ASX: HCY) are pleased to announce that the Company has
intersected Copper values of up to 3.61% Copper (“Cu”) from drilling at the Old Mount Pleasant Copper
Mine with supporting surface stockpile samples assaying up to 5.32% Cu. At a new fourth drill target
area located a further 500m to the north-west up to 0.38% Cu was intersected near surface.
These are strong indicators that a new copper zone adding scale to the project maybe close to discovery.
Success in this area combined with that already delineated deposit at the New Mount Pleasant Mineralised
Zone could provide sufficient tonnes of Cu metal available to develop a first stage mining and milling
operation at the Mount Pleasant Project.
The outcomes of the last round of exploration drilling are as follows:
1. Old Mount Pleasant Copper Mine (84.3 tonnes @ 7.6% Copper was mined in 1960-62)- 6 holes
where drilled in this campaign, surface stockpiles were sampled and 2 old gold targeted drill holes where
re-sampled, the highlights being:
1m @ 3.61%Cu, 8.6g/t Silver (Ag), 1.46g/t Gold (Au) & 0.04% Cobalt (Co) within 2m @
2.56%Cu, 4.7g/t Ag, 0.79g/t Au & 0.03% Co from 23 metres in HMPC061.
Surface Stockpiles returned a best result of 5.32%Cu, 7.4g/t Ag & 0.23g/t Au, 0.08% Co &
0.21% Zinc (Zn).
1m @ 0.84%Cu, 7.4g/t Ag & 0.14g/t Au from 35 metres (resample of previous gold drillhole).
Further drilling is required to delineate the high grade trend associated with the previous mining.
2. North-west of the Old Mount Pleasant Copper Mine – a new drill target area based on a Cu soil
anomaly 500 metres away was tested by a total of 3 holes in this campaign, the highlight being:
1m @ 0.38%Cu & 3.4g/t Ag within 8m @ 0.24%Cu & 1.0g/t Ag from 16 metres in HMPC058.
Further drilling is required to intersect higher grades at depth or along strike.

1. ITT (.23) & ITTO (.08) Exposed to Copper, Uranium, Gold, Lead-Zinc, Nickel, $3.5mil cash in bank, 21mil! shares on issue, Both projects drilling atm results to flow Dec/Jan.
2. CYL (.27) Drilling completed 20 holes for Molybdenum now we wait results.
3. VMS (.24) Exposed to Copper, uranium, Gold, Zinc etc.. 26mil shares, $5mil in bank, soon to drill on Olympic Dam Style Target in SA for copper.

 

[bigdog]

Re: HCY - Halcyon Group

HCY ASX ANn just posted

HCY 10:29 AM Potential New Copper Zones at Mount Pleasant

http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00680861

Potential new copper zones at Mt Pleasant up to 3.61% copper and surface samples 5.32%

 

[Caliente]

Re: HCY - Halcyon Group

the depth charts at commsec on HCY are confusing me!

is this an artefact of conditional trading orders?

edit - its resolved itself.

Lets see how the market views this announcement.

Looks like a positive push so far, but the sell side is jammed something chronic

 

[bigdog]

Re: HCY - Halcyon Group

The buyers are jumping in since todays ANN and SP up 10% to 0.021

Liked the ANN

 

[petee]

Re: HCY - Halcyon Group

as with all past announcements this one wont hold up id say..huge sellers coming in..really i cant understand why the nickel JV results havent been announced..weird thats for sure...taking too long in my opinion...getting sick of waiting on this dog..think ill get out..what r ur views anyone??

 

[Caliente]

Re: HCY - Halcyon Group

just a point to bear in mind petee. you and i have both been following this one for a while, and remember that it moved up to 0.023 when there was no news at all? Logic would dictate that on the back of an announcement the market should price HCY higher than this figure.

I think you should hold for a bit longer, but thats not financial advice, just a suggestion

 

[petee]

Re: HCY - Halcyon Group

just a point to bear in mind petee. you and i have both been following this one for a while, and remember that it moved up to 0.023 when there was no news at all? Logic would dictate that on the back of an announcement the market should price HCY higher than this figure.

I think you should hold for a bit longer, but thats not financial advice, just a suggestion

yea ill watch a bit longer but as with past announcements i cant see anything really of substance in this announcement today..see how it goes

 

[ozeb]

Re: HCY - Halcyon Group

ive never seen it move past 0.021 since i bought it. hopefully the news will push it past that barrier. but i'm not holding my breath. hee

 

[powerkoala]

Re: HCY - Halcyon Group

will it be the next mls ?
hm... strong buyers with 5M each at 2.3c

 

[MiningGuru]

Re: HCY - Halcyon Group

Now moved up to 2.4c.

10 mill buyers at 2.3 and 2.2

Looking strong!

 

[Caliente]

Re: HCY - Halcyon Group

rofl, powerkoala please dont say that! You'll jinx it. But if I were a technical analyst I'd probably be looking at this one a bit closer atm. Where is Kennas?

Looks like 2.4 just got taken out.

 

[bigdog]

Re: HCY - Halcyon Group

Ready to move beyond 0.024 and volume is the highest since May 23 (97 million)

SP now 0.024 with just one seller at 0.024
-- next 0.025

Volume now is 53 million and climbing by the minute and will exceed 97 million are the current level of trades

Petee; you loved HCY

 

[powerkoala]

Re: HCY - Halcyon Group

oopss.. didn't mean to jinx anything
but before i also jump in at the same price level
so with this strong buyers and nice announcement...
it may worth

 

[porkpie324]

Re: HCY - Halcyon Group

Have just checked quotes, up .4c with over 53ml traded, looks good to me. listed the quotes below. porkpie
7 11,810,244 2.3 2.4 675,048 3

7 10,768,458 2.2 2.5 5,379,000 14

5 7,125,000 2.1 2.6 2,094,049 8

11 6,550,000 2 2.7 1,979,763 9

7 3,335,500 1.9 2.8 2,125,426 12

13 5,650,000 1.8 2.9 1,700,000 3

12 5,093,000 1.7 3 2,048,000 7

13 7,285,000 1.6 3.1 200,000 1

7 4,769,337 1.5 3.2 400,000 1

8 2,250,000 1.4 3.4 690,000 2


90 64,636,539 17,291,286 60

 

[powerkoala]

Re: HCY - Halcyon Group

what the %#$$# ???
that 2.3c is dummy buyers.....

 

[SevenFX]

Re: HCY - Halcyon Group

that 2.3c WAS dummy buyers.....

Still lot of buyers return with strong sentiment.

 

[MiningGuru]

Re: HCY - Halcyon Group

I think someone dumped a whole lot of shares to push the price back down.

They want those shares!

 

[porkpie324]

Re: HCY - Halcyon Group

PK,whats a dummy buyer??