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SHE - Stonehorse Energy

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Re: HCY - Halcyon Group

any one have any ideas on what this trading halt might be about? would be nice to have been a holder of this but i unfortunately sold some time ago...last week they got down to .026 and now theres a buy order sittin at .05...
 
Re: HCY - Halcyon Group

We should all know what the ANN is before 10:00 AM tomorrow!!
-- stay tuned
--------------------------------------------------------------------
Trading halt advised the ANN to be issued no later than commencement of trading Sept 13 Thursday
HCY 9:55 AM Request for Trading Halt
http://www.asx.com.au/asx/statistics...idsID=00757971
.-------------------------------------------------------------------------
Starting to run out of cash --
31/07/2007 Fourth Quarter Cashflow Report
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00744001
Cash at end of quarter $1,359,000
-------------------------------------------------------------------------
Buyers waiting with Indicative Price: 0.038 at Close today (Westpac Broking)
BUYERS ----- SELLERS
Quantity Price Price Quantity
229,000 0.050 0.035 168,519
200,000 0.045 0.036 700,000
.25,000 0.042 0.037 1,880,926
.50,000 0.041 0.038 1,023,333
704,251 0.040 0.039 1,550,000
256,500 0.039 0.040 3,693,475
1,679,054 0.038 0.041 572,258
2,583,514 0.037 0.042 780,000
900,000 0.036 0.043 990,000
1,067,384 0.035 0.044 900,000
-----------------------------------------------------------------------
Understand that the new MD, will make a presentation at next Saturdays AMEC conference in Sydney!!!
-----------------------------------------------------------------------
Nickel seems to the flavor currently at HCY!!!!
----------------------------------------------------------------------
Bring on tomorrow's ANN and the HCY SP
---------------------------------------------------------------------
The weather forecast must be blue skies somewhere in Australia!!
 
Re: HCY - Halcyon Group

NATIONAL INVESTOR BRIEFING SYDNEY
Saturday 15th September 2007 | 8:30am | Sydney Harbour Marriott Hotel

FEATURING COMPANY
PRESENTATIONS FROM:
• Image Resources NL (ASX: IMA)
• Halcyon Group Limited (ASX: HCY)
• Mithril Resources Limited (ASX: MTH)
• Mincor Resources NL (ASX: MCR)
• Equigold NL (ASX: EQI)
• Intec Limited (ASX: INL)

9.10 – 9.35am Halycon Group NL Presentation and Investor Question Time

For Sydney siders wishing to attend, admittance is FREE but must be completed today.

Registration form available : http://www.halcyongroup.com.au/home.php
 
Re: HCY - Halcyon Group

ASX ann
HCY 9:53 AM Mineral Rights Heads of Agreement
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00758758

There are lots of buyers lined up for trading today!!!!
Company Trading Status: Pre-Open Indicative Price: 0.039

13 September 2007
HALCYON PLANS FIRST PRODUCTION BASED ON NICKEL MINERALS RIGHTS HEADS OF AGREEMENT

Highlights
• Halcyon has announced a mineral rights heads of agreement expected to establish the Company as a nickel producer
• The Agreement will give Halcyon the right to develop, mine, process and sell a total of 140,000 tonnes of nickel metal
• The potential for this project is significant and will be a company maker for Halcyon
• Halcyon is commissioning a feasibility study into plans to mine laterite nickel for sale to local nickel producers from early 2008
• Staged development plan to Heap / Atmospheric Leach nickel extraction
• The Agreement is subject to shareholder approval
 
Re: HCY - Halcyon Group

Buyers lined up

BUYERS
Quantity Price
.300,000 0.071
.330,000 0.070
..75,000 0.061
.135,000 0.060
1,000,000 0.052
1,000,000 0.051
1,004,000 0.050
.688,223 0.045
.225,000 0.042
1,358,000 0.041
 
Re: HCY - Halcyon Group

The market liked todays announcement up 35%

HCY 0.046 0.012 35.29% high of 0.046 55,595,235 shares $2,402,403 @ 13-Sep 10:28:57 AM
 
Re: HCY - Halcyon Group

The thing i'm not sure on is how many zillion shares will be on issue, over 200 mil gone through today. porkpie
 
Re: HCY - Halcyon Group

There is 500 Mill shares already on issue with the new total been about 1,300,000,000 after exercise of free oppies. At 4 c thats a market cap of $52.

Lets say 125000 tonnes of nickle at a conservative price of $25000 per tonne = about $3.125 Bill lets say they get 10% return on that after costs thats just over $300 Mill Profit.

$ 300 Mill over 1.3 bill shares is a share price of about $0.24 ?

Correct me if I'm wrong.

Also they have just aquired the tennemant next door which seems to have potentially good reserves.

If they can indeed gets things up and running at this place by early 2008 we could be on a winner i hold small portion for prob 12-18 months depending.

Any thoughts?
 
Re: HCY - Halcyon Group

Thanks KK, looks like you bought in about the same time as I did at 1.4c, if they get to .24c as you suggest thats a good little earner, porkpie
 
Re: HCY - Halcyon Group

hahahahaha yeah wish I had bought at that price : more like mid 4c

But as I said its a 12 month play at least for me.
 
Re: HCY - Halcyon Group

This is what my broker had to say...

Halcyon – nickel agreement. Without being able to have a good look at this it strikes me as very speculative and more money would have be put in (unclear as to input by other party agreement). They have about $1.3m only left in cash. It seems a long way down the track as drilling has not commenced. It was acquired for $275,000 only which is chicken feed and why would the former owner sell for such a small amount if the tenement has enormous potential. It is also ‘laterite’ nickel which is much harder to process than ‘suphuride’ which JBM has. (JBM currently almost $16.50 with takeover talks in London). Don’t know the cost of extracting laterite or the method they will use, but Minara had to build a $1bn plant and adjust part to get the technology working properly

Regards
 
Re: HCY - Halcyon Group

I thought the idea was to just dig it up and supply it to nickel producers.

They do the processing. Halcyon digs it up and ships it to them and they each get a cut of the results.

Plus they have the uranium and gold tenements as well.
 
Re: HCY - Halcyon Group

Im sure (Minara) Murrin Murrin will be producing the Laterite up the road, their new leaching should reduce process costs even further.Interesting to note HCY already have a JV with Minara with on their Bardoc Tenement with a rich Nickel sulphide grade at 3.0%. (very respectable) of around 35,000 tonnes. This is only one part of their entry strategy, Im sure a focus on gold will be next after things are up and running

Carn the Halcy! If anyone goes to Sydney to see the Conference..Can they do a posting? Would be interesting

Bring it on.:chainsaw:
 
Re: HCY - Halcyon Group

Halcyon ann name change and consolidation.

Share consolidation 1:10:confused
How does that work? If every 10 shares becomes 1, does that mena the share price multiplies by ten

Is this a good thing?

C
 
Re: HCY - Halcyon Group

ceegee said:
Halcyon ann name change and consolidation.

Share consolidation 1:10:confused
How does that work? If every 10 shares becomes 1, does that mena the share price multiplies by ten

Is this a good thing?

C
Click to expand...

ASX ann states:
Consolidation of Capital Structure
The Company is also planning a capital restructure that will enable it to pursue the objective of becoming a nickel producer. To achieve this, the Company will consolidate its existing securities on a 1:10 basis which means that every 10 existing shares will be consolidated into 1 share. Accordingly, the Company’s existing shares on issue of 658,066,307 will be reduced to 65,806,630. In addition, every 10 existing options will be consolidated into 1 option and the exercise price of each option will be multiplied by a factor of 10.

4/09/2007 HALCYON NAME CHANGE AND CAPITAL RESTRUCTURE
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00759196
Highlights
• Halcyon Group Limited is planning a change of name to Nickelore Limited and a consolidation of capital on a 1:10 basis
• The change will reflect the Company’s plans to move into nickel mining and processing
• The capital restructure should allow the Company to price future capital raisings at an appropriate pricing level as it seeks to finance the development of the Canegrass Mineral Rights acquisition
 
Re: HCY - Halcyon Group

in theory does this mean that if
i have 100,000 shares that are currently valued at $0.03 = $3000
after the change
i will only have 10,000 shares hopefully valued at $0.30 = $3000

is this a kinda inflation cutting exercise??? Does it just give the perception that the company is better valued when in fact its the same?
 
Re: HCY - Halcyon Group


You now have 100,000 shares and will be reduced 10 times to 10,000 shares at the date of consolidation of capital.
-- the SP to be determined by the market.
-- at the date of consolidation of capital, one would expect the SP would increase ball park 10 times!

ASX ann states:
Accordingly, the Company’s existing shares on issue of 658,066,307 will be reduced to 65,806,630
 
Re: HCY - Halcyon Group

Going by the trading after the announcement and todays trading I think HCY will be under pressure after the consolidation, so I quit half my holding.porkpie
 
Re: HCY - Halcyon Group

ASX ann today

14/09/2007 AMEC National Investor Briefing Sydney 15 Sep 07
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00759401

The PPT presentation looks impressive!
-- be interested to read media articles if covered
-- members, please post feedback if you attend tomorrow!

AMEC National Investor Briefing Sydney
Saturday 15 September 2007
“A Revival Story”
Presented by
Iggy Tan
Managing Director
 
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