SHE - Stonehorse Energy

[hector]

Re: HCY - Halcyon Group

Intersting announcement, but I was hoping for some action on the uranium front. Minara Res must still be pretty keen on this project to be continuing to drill more holes.
DYOR

'Morning Greggy,

I just bought back in today. Yes they've got nickel, copper, gold - doesn't really excite me much. The Lake Marmion drilling is what I bought in for.

From memory, the drilling was delayed last year because it was too wet to get onto it - a great year for pastoralists, not explorers. Anyway, hoping for a dry spell for a steady stream of results (or speculation!).

Cheers,
hector

 

[greggy]

Re: HCY - Halcyon Group

'Morning Greggy,

I just bought back in today. Yes they've got nickel, copper, gold - doesn't really excite me much. The Lake Marmion drilling is what I bought in for.

From memory, the drilling was delayed last year because it was too wet to get onto it - a great year for pastoralists, not explorers. Anyway, hoping for a dry spell for a steady stream of results (or speculation!).

Cheers,
hector

Hi Hector,

I bought 500,000 HCY on Tuesday and then another 2 million yesterday morning. The main reason that I bought back in for is the Lake Marmion Uranium Uranium Project. Past previous work has identified over 0.5% U308 on this prospect which is massive. Should the results of the sampling program come back with similar results the impact on the share price would be very good indeed.
HCY are now cashed up and in my opinion is worth 2c on the basis on its nickel and promising copper project alone. Throw in the company $2 million cash balance and the uranium project as well, this company has been well and truly overlooked.
Having very recently spoken to the MD, Mr Radonjic (also MD of VMS), I now have greater faith in HCY and feel that the uranium potential of the Lake Marmion Uranium Project is outstanding. HCY has also applied for more land in the area and its refocusing on uranium has yet to be fully understood by the market. Therein lies its potential. Hence, the reason for buying 2.5 million HCY shares with the prospect of me buying some more.
DYOR

 

[hector]

Re: HCY - Halcyon Group

Hi mate,

Not in the same league! I am trading with 6k and took a nasty hit yesterday with bhp and amp on cfd's!

Anyway I have pulled my head back in and am in EXT, WMT and HCY, with HCY as the sleeper.

Haven't been trading long and figure if I can get to 20k from here then I've probably got a plan that works for me. Still a long way to go yet.

As far as setting a profit target for this one, I'm not too sure. Remember that buyer at 2.4c last year? I'm guessing he's still in - Not sure whether the big buyers are looking for 50%, 100% or 500% on speccies like this tiddler.

Anyway, expecting some resistance at 2.4/2.5c. But I think Lake Marmion U will make historic prices irrelevant. Interested in your thoughts.

 

[greggy]

Re: HCY - Halcyon Group

Hi mate,

Not in the same league! I am trading with 6k and took a nasty hit yesterday with bhp and amp on cfd's!

Anyway I have pulled my head back in and am in EXT, WMT and HCY, with HCY as the sleeper.

Haven't been trading long and figure if I can get to 20k from here then I've probably got a plan that works for me. Still a long way to go yet.

As far as setting a profit target for this one, I'm not too sure. Remember that buyer at 2.4c last year? I'm guessing he's still in - Not sure whether the big buyers are looking for 50%, 100% or 500% on speccies like this tiddler.

Anyway, expecting some resistance at 2.4/2.5c. But I think Lake Marmion U will make historic prices irrelevant. Interested in your thoughts.

I've noticed that a lot of resource shares that have refocussed its efforts on uranium have done very nicely over the past 12 months. PEN and WMT to name a couple. These shares were not long ago trading at around the 2c mark and look what happened since. I have kept a close eye on this one for a while, but didn't want to overpay for it. So I decided to take the plunge in a big way yesterday. HCY is now the largest stock in my spec portfolio. Don't worry I have the house paid off!!
As for the potential share price increase, once it passes 2.4c, then the next target would be 2.8c. If it gets above 2.8c, the upside could well be more significant than anyone realises. AS I've purchased so many, I hope HCY retests the 2.4c mark and then moves on strongly from there. In Mr Radonjic, HCY has a very experienced MD.
DYOR

 

[petee]

Re: HCY - Halcyon Group

I've noticed that a lot of resource shares that have refocussed its efforts on uranium have done very nicely over the past 12 months. PEN and WMT to name a couple. These shares were not long ago trading at around the 2c mark and look what happened since. I have kept a close eye on this one for a while, but didn't want to overpay for it. So I decided to take the plunge in a big way yesterday. HCY is now the largest stock in my spec portfolio. Don't worry I have the house paid off!!
As for the potential share price increase, once it passes 2.4c, then the next target would be 2.8c. If it gets above 2.8c, the upside could well be more significant than anyone realises. AS I've purchased so many, I hope HCY retests the 2.4c mark and then moves on strongly from there. In Mr Radonjic, HCY has a very experienced MD.
DYOR

Hi Greggy...good luck with ur holding..ive done what u have done a number of times now,holding from 2 to 4 million shares at a time and traded in and out over the past year or so..it has been a good trader but there is so much resistance above 2cents and now u can see there is resistance at 1.8..china down a bit today and with a volatile market about to set in in my opinion i think this will be a good trade at prices between 1.2 and 1.8....am holding free carry 1mill so am still watching but thinking there needs to be a consolidation of capital, my thoughts only.

 

[greggy]

Re: HCY - Halcyon Group

Hi Greggy...good luck with ur holding..ive done what u have done a number of times now,holding from 2 to 4 million shares at a time and traded in and out over the past year or so..it has been a good trader but there is so much resistance above 2cents and now u can see there is resistance at 1.8..china down a bit today and with a volatile market about to set in in my opinion i think this will be a good trade at prices between 1.2 and 1.8....am holding free carry 1mill so am still watching but thinking there needs to be a consolidation of capital, my thoughts only.

Hi Petee,

I know that HCY has had a disappointing past, but recently I've warmed to this one. THe huge number of shares maeks it a good one for traders to move in and out of. I'm just now of the view that now that the company is cashed up, it seems to be turning its focus towards uranium and its Lake Marmion Uranium Project looks very interesting. I feel that it has considerable potential on the uranium front and thanks for your best wishes.
DYOR

 

[petee]

Re: HCY - Halcyon Group

Hi Petee,

I know that HCY has had a disappointing past, but recently I've warmed to this one. THe huge number of shares maeks it a good one for traders to move in and out of. I'm just now of the view that now that the company is cashed up, it seems to be turning its focus towards uranium and its Lake Marmion Uranium Project looks very interesting. I feel that it has considerable potential on the uranium front and thanks for your best wishes.
DYOR

hi greggy
yes thats true the large number of shares means u can buy a swag and exit just as fast which is good..a traders paradise...tho occassionally i had to hang in there until it it rose otherwise was sitting on small loss hehe but was lucky to be in at around 1.3 and out at 2 on most trades...my only concern is that the 2mill cash on hand is very small considering the work needed so of course there wll be further raising of capital...i guess with other companies many of these small specs when they restructure it leaves the shareholder diluted and can easily create large losses...having said that anything can happen so best of luck to all holders

 

[greggy]

Re: HCY - Halcyon Group

hi greggy
yes thats true the large number of shares means u can buy a swag and exit just as fast which is good..a traders paradise...tho occassionally i had to hang in there until it it rose otherwise was sitting on small loss hehe but was lucky to be in at around 1.3 and out at 2 on most trades...my only concern is that the 2mill cash on hand is very small considering the work needed so of course there wll be further raising of capital...i guess with other companies many of these small specs when they restructure it leaves the shareholder diluted and can easily create large losses...having said that anything can happen so best of luck to all holders

From what I can gather, this is the most amount of cash HCY's had for a while.
The placement was well and truly oversubcribed. Other companies with even less cash moving into the uranium field have done very well. I'm hoping that HCY will do the same my friend. Its time for a rethink.
DYOR

 

[petee]

Re: HCY - Halcyon Group

From what I can gather, this is the most amount of cash HCY's had for a while.
The placement was well and truly oversubcribed. Other companies with even less cash moving into the uranium field have done very well. I'm hoping that HCY will do the same my friend. Its time for a rethink.
DYOR

yea i hope so Greg..time will tell

 

[greggy]

Re: HCY - Halcyon Group

yea i hope so Greg..time will tell

Hi Petee,

The results of the sampling program on the Lake Marmion Uranium Project are due out soon. Should they be positive, the share price could go considerably higher.
By the way mate, I bought another 500,000 this afternoon, bringing my total to 3 million shares.
DYOR

 

[greggy]

Re: HCY - Halcyon Group

Someone just bought 2 million HCY at 1.8c in one go and it wasn't me. That smacks of confidence.
DYOR

 

[petee]

Re: HCY - Halcyon Group

Someone just bought 2 million HCY at 1.8c in one go and it wasn't me. That smacks of confidence.
DYOR

Hi Greg,
3million shares huh Greggy..??? good luck mate..what is ur average entry price.wish u well Greg..cheers

 

[hector]

Re: HCY - Halcyon Group

Someone just bought 2 million HCY at 1.8c in one go and it wasn't me. That smacks of confidence.
DYOR

Greggy,
Pretty happy with how today's buying went with 1.9c being the ask at several times. Looks like build up happening - but there's no way to hurry it up! Anyway, hopeful signs for those holding.

 

[greggy]

Re: HCY - Halcyon Group

Hi Greg,
3million shares huh Greggy..??? good luck mate..what is ur average entry price.wish u well Greg..cheers

Hi Petee,

My average price on the 3 million that I've purchased during the week is 1.7c.
DYOR

 

[greggy]

Re: HCY - Halcyon Group

Greggy,
Pretty happy with how today's buying went with 1.9c being the ask at several times. Looks like build up happening - but there's no way to hurry it up! Anyway, hopeful signs for those holding.

Hi Hector,

It seemed that whenever a seller came in at 1.8c that it was quickly taken out. There were even sales at 1.9c in an overall weak market. I also noticed another serious buyer purchasing 2 million yesterday. Maybe people are starting to buy in on the back of the imminent release of the sampling program results at its uranium project. If the grades are high HCY could well go for a strong run.
I notice that VMS had a very strong run yesterday (up 13c to 59c). The MD there is also Mr Radonjic. Mr Radonjic is a very smart operator and has done well for shareholders.
DYOR

 

[petee]

Re: HCY - Halcyon Group

looking sick now may go under under .016......keep smiling

 

[greggy]

Re: HCY - Halcyon Group

looking sick now may go under under .016......keep smiling

Hi Petee,

HCY are currently trading at 1.7c/1.8c so for the moment I don't think they will go under 1.6c. There is solid support at 1.6c and the results of its sampling program at its uranium project are not far away from being released.
DYOR

 

[greggy]

Re: HCY - Halcyon Group

Has anyone noticed that 5.2 million shares HCY has gone through at 1.9c in one hit during the past hour. There must be some pretty serious buying going on.
DYOR

 

[greggy]

Re: HCY - Halcyon Group

Interesting comments on HCY-MRE's Bardoc Nickel JV from Minara Resources' Annual Report which has only recently come out:
"The Bardoc Joint Venture (MRE 51% earning up to 70%) intercepted low grade nickel sulphides over a wide interval in the western zone. The
mineralised zone was tested for sulphide flotation potential with poor results. However, the joint venture remains encouraged by the presence of sulphides and will continue to explore the western zone and other anomalies."
IMO there's very little factored into the share price for the potential of this project. As said above, the JV remains encouraged by the presence of sulphides. More drilling, funded by NRE, is about to take on this project as per HCY announcement on 27 Feb 07. Drilling may well have commenced already.
DYOR

 

[bigdog]

Re: HCY - Halcyon Group

ASX ann March 13
HCY 8:28 AM Half Year Report 31 December 2006
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00702013
http://www.asx.com.au/asxpdf/20070313/pdf/311f9h106gnrxl.pdf

Review and Results of Operations
The consolidated entity’s net loss for the half year was $199,158 (2005 loss = $174,931)
Review of Operations
In the previous 6 months the Economic Entity focused on the three high valued commodities of Uranium, Nickel and Copper within the Company’s portfolio of mineral assets. Firstly, the addition of new highly prospective Uranium tenure was applied for to create the Lake Marmion Uranium Project 130 kilometres north of Kalgoorlie in Western Australia. Secondly, Halcyon as part of the Joint Venture with Minara Resources Ltd where Minara is earning up to 70% of the nickel rights on the Bardoc Project, located 50 kilometres north of Kalgoorlie, recommenced Nickel Sulphide exploration. Finally, the Company received drill results indicating potential new Copper zones at the Mount Pleasant Copper Project located 20 kilometres south of Bardoc.

Uranium
The Lake Marmion Uranium Project consists of 7 applications for exploration licenses covering an area of 343 km² of the Lake Marmion Tertiary drainage channel. The tenure contains drillholes from the 1980s with heavy mineral concentrates assaying up to 4,856ppm U3O8 within Tertiary channel material. The tenure is also adjacent to trench samples of the lake sediments taken in the 1970s which assayed up to 5,430ppm U3O8 and was supported by auger drill results of up to 800ppm U3O8. The project area is highly prospective for both uranium in surficial (near surface) deposits such as lake sediments and for the deeper palaeochannel/sedimentary type uranium
mineralisation.

Nickel
The Bardoc Nickel Joint Venture with Minara Resources Ltd re-commenced exploration with drilling in the Number One Target Area having further tested the interpreted embayment (subsided position containing heavy minerals e.g. sulphides) feature on the basal contact and two off-hole conductors located along strike, and also by drilling a New Nickel Target further to the north with a coincidental electromagnetic (“EM”) anomaly and MMI (Mobile

Metal
Ions)-M soil anomaly. No significant Nickel was intersected and re-interpretation of the data is in progress. In addition, after inconclusive Testwork on the Western Zone drill intersection (45 metres @ 0.5% Nickel, 0.05% Cobalt and 0.1% Copper from 21 metres) the Joint Venture has conducted an IP Survey over the main part of the Western Zone which has now highlighted a priority sulphide target area to be drill tested shortly.

Copper
Results from the previous drill program at the Mount Pleasant Copper Project may have delineated two new Copper Zones with one prospect returning Copper values of up to 3.61% Cu from drilling at the Old Mount Pleasant Copper Mine with supporting surface stockpile samples assaying up to 5.32% Cu. The other zone is a new fourth drill target area located a further 500m to the north-west with up to 0.38% Cu intersected near surface. In the last 6 months the Company continued to review its 100% owned gold assets at the Bardoc Project for economic potential of the known gold prospects at the recent higher gold price of over A$800/oz.

Events after the Balance Sheet Date
On 29 January 2007, the Company announced the completion of the placement of 100m shares at 1.6 cents to raise A$1,600,000 as well as the issue of 25m options exercisable at 2 cents each on or before 31 December
2007.

Balance sheet
Cash and cash equivalents @ Dec 31 2006 $736,517 June 30 2006 $668,719