SHE - Stonehorse Energy

[watsonc]

Re: HCY - Halcyon Group

Promising volume again today. Maybe people are expecting some results soon, or some people know a few things. Either way it's looking good!

 

[greggy]

Re: HCY - Halcyon Group

Promising volume again today. Maybe people are expecting some results soon, or some people know a few things. Either way it's looking good!

Bought some HCY this morning at 1.6c. HCY is looking to get into uranium. It has recently applied for tenure adjacent a 5,430ppm U3O8 trench sample, located in the Lake Marmion Tertiary drainage channel which is highly prospective for Uranium in calcrete deposits, 130 kms north of Kalgoorlie, WA. The MD is Andrew Radonjic, who is also a director of VMS.
As always, do your own research before buying/selling.

 

[bigdog]

Re: HCY - Halcyon Group

We are due for some update on progress soon!

What are your thoughts Petee?

The Qtrly September 2006 report issued
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00663603

Activity during the quarter continued to have a dual project focus though a third project was added just recently; firstly the Company committed to a third phase of drilling at the Mount Pleasant Copper Project located 32 kilometres north west of Kalgoorlie in Western Australia, secondly Halcyon as part of the Joint Venture with Minara Resources Ltd were it is earning up to 70% of the nickel rights on the Bardoc Project, located a further 15 kilometres to the north of Mount Pleasant continued to conduct metallurgical and mineralogical test work on sulphides intersected in the Western Zone, and thirdly an application for highly prospective Uranium exploration tenure 130 kilometres north of Kalgoorlie was submitted this is to be named the Lake Marmion Uranium Project.

Summary
The Company recommenced drilling at the Mount Pleasant Project this quarter by following-up High Grade Copper (“Cu”) drill results at the New Mount Pleasant Mineralised Zone such as 1m @ 10.95% Cu from 53m, 2m @ 7.12% Cu from 52m, 2m @ 6.34% Cu from 71m and 1m @ 8.78% Cu from 75m, testing for extensions along strike to the north with a 400m long coincidental copper and zinc soil anomaly, targeting beneath the old Mount Pleasant Copper Mine and testing a copper soil and magnetic anomaly also along strike to the north.

The Bardoc Nickel Joint Venture with Minara Resources Ltd continued to perform further Metallurgical and Mineralogical test work on the sulphide section of the drill hole that intersected disseminated sulphides in the Western Zone prospect. Results are expected shortly, a positive outcome would support further drilling to outline a resource amenable to open pit mining.

Halcyon has applied for tenure adjacent to a 5,430ppm U3O8 trench sample, located in the Lake Marmion Tertiary drainage channel which is highly prospective for Uranium in calcrete type deposits and is located ~130kms north of Kalgoorlie in Western Australia. These samples were taken during the last surge in Uranium exploration activities (in the late 1970s) when heavy unseasonal rains severely hampered exploration therefore leaving potential for further discoveries along strike into the new project area.

During the September Quarter 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$770/oz.

There were no dedicated base metal exploration activities at Bardoc during the quarter.

Halcyon has completed the sale of the Timbarra Heap Leach Plant to Exco Resources NL.

Detailed information on all aspects of the Company’s corporate and exploration activities can be found on
Halcyon’s newly updated website www.halcyongroup.com.au

 

[greggy]

Re: HCY - Halcyon Group

We are due for some update on progress soon!

What are your thoughts Petee?

The Qtrly September 2006 report issued
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00663603

Activity during the quarter continued to have a dual project focus though a third project was added just recently; firstly the Company committed to a third phase of drilling at the Mount Pleasant Copper Project located 32 kilometres north west of Kalgoorlie in Western Australia, secondly Halcyon as part of the Joint Venture with Minara Resources Ltd were it is earning up to 70% of the nickel rights on the Bardoc Project, located a further 15 kilometres to the north of Mount Pleasant continued to conduct metallurgical and mineralogical test work on sulphides intersected in the Western Zone, and thirdly an application for highly prospective Uranium exploration tenure 130 kilometres north of Kalgoorlie was submitted this is to be named the Lake Marmion Uranium Project.

Summary
The Company recommenced drilling at the Mount Pleasant Project this quarter by following-up High Grade Copper (“Cu”) drill results at the New Mount Pleasant Mineralised Zone such as 1m @ 10.95% Cu from 53m, 2m @ 7.12% Cu from 52m, 2m @ 6.34% Cu from 71m and 1m @ 8.78% Cu from 75m, testing for extensions along strike to the north with a 400m long coincidental copper and zinc soil anomaly, targeting beneath the old Mount Pleasant Copper Mine and testing a copper soil and magnetic anomaly also along strike to the north.

The Bardoc Nickel Joint Venture with Minara Resources Ltd continued to perform further Metallurgical and Mineralogical test work on the sulphide section of the drill hole that intersected disseminated sulphides in the Western Zone prospect. Results are expected shortly, a positive outcome would support further drilling to outline a resource amenable to open pit mining.

Halcyon has applied for tenure adjacent to a 5,430ppm U3O8 trench sample, located in the Lake Marmion Tertiary drainage channel which is highly prospective for Uranium in calcrete type deposits and is located ~130kms north of Kalgoorlie in Western Australia. These samples were taken during the last surge in Uranium exploration activities (in the late 1970s) when heavy unseasonal rains severely hampered exploration therefore leaving potential for further discoveries along strike into the new project area.

During the September Quarter 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$770/oz.

There were no dedicated base metal exploration activities at Bardoc during the quarter.

Halcyon has completed the sale of the Timbarra Heap Leach Plant to Exco Resources NL.

Detailed information on all aspects of the Company’s corporate and exploration activities can be found on
Halcyon’s newly updated website www.halcyongroup.com.au

As someone who has bought 500,000 this morning, I feel that HCY has the potential for a strong upwards move. The Mt Pleasant Copper Project looks very interesting indeed with its high grades thus far as well as its JV with Minara Resources at Bardoc. However, I feel that the real icing on the cake will come when more people wake up to the fact that HCY is also adding the Lake Marmion Uranium Project to its portfolio of assets.
I will be looking to buy some more as I feel that this stock has real potential, especially with Andrew Radonjic as MD. It has gone up as high as 1.8c today on good volume.
As always, do your own research before buy/selling.

 

[bigdog]

Re: HCY - Halcyon Group

The AGM was held today (two hours ago)

A couple of big buyers of volume, but SP is cheap and hit 0.019

 

[greggy]

Re: HCY - Halcyon Group

The AGM was held today (two hours ago)

A couple of big buyers of volume, but SP is cheap and hit 0.019

Definitely good volume today (over 6.5 mill thus far)..maybe some smart people rushed out and bought some more after the AGM.

 

[greggy]

Re: HCY - Halcyon Group

The AGM was held today (two hours ago)

A couple of big buyers of volume, but SP is cheap and hit 0.019

Now over 8.5 million shares have gone through. The seller at 1.8c is nearly out.

 

[Caliente]

Re: HCY - Halcyon Group

hi, i like what i see. took a massive parcel (for me) at 1.8c \

best of luck to all holders
-Caliente

 

[greggy]

Re: HCY - Halcyon Group

hi, i like what i see. took a massive parcel (for me) at 1.8c \

best of luck to all holders
-Caliente

Welcome aboard. Turnover now 10 million shares plus. Current quote 1.8/1.9c.

 

[petee]

Re: HCY - Halcyon Group

As someone who has bought 500,000 this morning, I feel that HCY has the potential for a strong upwards move. The Mt Pleasant Copper Project looks very interesting indeed with its high grades thus far as well as its JV with Minara Resources at Bardoc. However, I feel that the real icing on the cake will come when more people wake up to the fact that HCY is also adding the Lake Marmion Uranium Project to its portfolio of assets.
I will be looking to buy some more as I feel that this stock has real potential, especially with Andrew Radonjic as MD. It has gone up as high as 1.8c today on good volume.
As always, do your own research before buy/selling.

100% correct Greggy..HCY has been asleep for some time but watch the coming months..will see big rises

 

[greggy]

Re: HCY - Halcyon Group

100% correct Greggy..HCY has been asleep for some time but watch the coming months..will see big rises

There's been a placement done for HCY at 1.3c raising around $300,000. I feel that the placement could have been done at a higher price, but atleast they've got the cash now. If the price falls a bit I'll buy some more.
As always, do your own research before buy/selling.

 

[Caliente]

Re: HCY - Halcyon Group

looks like I took an expensive position atm. Feeling sheepish! Looks like next week for me.

 

[KIWIKARLOS]

Re: HCY - Halcyon Group

i bought in yesterday at .018
but i think this one will def go higher in the next quarter. I too would buy more if they were cheaper but all my money is tied up in other stocks.

Does anyone know how there copper deposit is going i mean is it pretty well proven reserves or still in early test stage?

 

[Caliente]

Re: HCY - Halcyon Group

hahha, we can bang heads together!

But in all fairness, buying into this type of breakout situation is a clearcut win/lose situation - you win some you lose some. Besides, I'm expecting Halcyon management to report good things at Lake Marmion and beyond.

 

[greggy]

Re: HCY - Halcyon Group

looks like I took an expensive position atm. Feeling sheepish! Looks like next week for me.

If it wasn't for the placement, I think that the share price would have gone higher today. After yesterday's performance, the chart was looking very good. It seemed that HCY was heading for a strong run. Anyway, look on the bright side, HCY's prospects still look very interesting (nothing has changed in this regard) and they've now got extra funds. Also, have a look at other specs that have hovered around the 2c mark and their subsequent performance. A lot of them have rallied from these levels when they have obtained uranium interests. Now that HCY is following the same way, there is strong potential for HCY to move up as well.
As always, do your own research before buy/selling.

 

[nizar]

Re: HCY - Halcyon Group

tech/a are you reading this thread?

people are talking about averaging down and "bottom drawer"

 

[Caliente]

Re: HCY - Halcyon Group

nizar, I detect sarcasm ^_^ Enlighten me/us please!

 

[greggy]

Re: HCY - Halcyon Group

tech/a are you reading this thread?

people are talking about averaging down and "bottom drawer"

I feel that in this strong market, that HCY has the potential to go for a strong run, especially that it is in the process of acquiring tenure prospective for uranium. As stated already, I feel it has fallen today on the back of the placement, a temporary setback for the share price. This is not a stock for the bottom drawer as it is very speculative.
Just have a look at other companies that have been re-rated since acquiring uranium assets and HCY has a good MD in Mr Radonjic who is also a director of VMS.
As always, do your own research before buy/selling.

 

[greggy]

Re: HCY - Halcyon Group

nizar, I detect sarcasm ^_^ Enlighten me/us please!

Sacarsm is one of the lowest art forms.

 

[nizar]

Re: HCY - Halcyon Group

Greggy, Caliente.

See the chart i posted in the "Psychology of Investing" thread from last week post #19.

Averaging down and bottom drawer are common themes.

(Im not having a go at you at all, i wished someone had shown me this chart when i first started)