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How do people know that there is a definite announcement coming out?
YML - Yilgarn Mining
- Thread starter yogi-in-oz
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Considering the company's prospects, YML has until recently been overlooked and is still very reasonable value at these levels. I note what you are saying about cash levels, but take a look at other iron ore hopefuls with less cash such as JMS. Yes, I do own stock and options, but this stock has strong potential on a number of fronts, copper, nickel and iron ore in particular.noirua said:
YT has been spot on on this one.
DYOR
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If drilling results mirror the 1996 drilling results (i.e. av 60% Fe) is this the fantastic news we are all after???
Is it possible to put a rough value on the share price with that result?
It seems like a fair chance the drilling results will be similar to the 1996 results. Right?
Is it possible to put a rough value on the share price with that result?
It seems like a fair chance the drilling results will be similar to the 1996 results. Right?
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greggy said:
Y_T is one of this sites' best posters, imho, and he has called many a stock this year. When to sell is the tough one and many are now taking a "bottom up approach" on miners. The sector is getting tougher to select now. Mind you, Y_T is not afraid to jump out of stocks double quick at times, faster than most of us.
I would be pleased if the resuls were similar to the 1996 ones. Confirmation of this may well lead to a higher share price. Other iron ore hopefuls have gone up without any drilling. Don't also forget that YML also has other significant porjects as well and good management.watsonc said:
DYOR
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So there is a bit of a frenzy because of the coming ann...but of course naturally nobody knows if it's going to be a very good ann. Now I'm not being a smartass...but isn't that a very risky gamble?
Are people buying this (recent days) on the hopes of a good ann or on sound fundamentals?
Are people buying this (recent days) on the hopes of a good ann or on sound fundamentals?
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is this expected good ore results already factored into the share price though. Perhapes we will see another EDE or BLT with a huge spike in SP then back down to a realistic value?
anyone thinking of buying in at these prices?
anyone thinking of buying in at these prices?
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gordon2007 said:
I've heard it said "Higher risk generally = higher returns ( not suggesting that is the case here. )
When an announcement is due volumes usually increase. Increased volume - more demand - higher price. Peoples research would indicate they suspect this announcement to be a goody.
If YT is on this you can almost guarantee it's a winner........his record is outstanding and I suspect most buyers here have bought due to his excellent research.
MB
Buying of any specs can be very risky especially for newbies. Hopefully, one can minimise risk by carefully researching before purchasing any stock.gordon2007 said:
Speculation is surrounding the upcoming results of drilling at Marillana. However, I wouldn't be surprised if some people are also looking at the stock as a whole.
DYOR
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I soooooooo want to get into this...but I just feel I'd be doing it for all the wrong reasons. I'd be going into this because of the greed factor. I realise and am comfortable with there always being a risk. But just need to figure out if I'd be risking because of greed or of strategy.
I'm still learning how to understand charts and what news is junk and what isn't, why stocks jump up and down and all these things. But everything I read warns to be aware of the greed factor.
Such is the life of a newbie I guess.
I'm still learning how to understand charts and what news is junk and what isn't, why stocks jump up and down and all these things. But everything I read warns to be aware of the greed factor.
Such is the life of a newbie I guess.
At the end of the day, we all make our own decisions. YML is currently at 28c, a ncie little recovery from earlier lows. I bought into stock based on YML's various projects, the Marillana Project in particular, good cash levels and good management. I would like to think that most sensible people would not buy on the basis of greed. If you're intending to buy based on the greed factor alone, this may well be a risky strastegy if you adopt it with specs. Take some time out to research stocks and move along from there. Just some honest and friendly advice for you.gordon2007 said:
All the best.
DYOR
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greggy said:
A very good point on risk. At the moment I'm 75% in cash, so perhaps that is making me less nervous of the stocks I'm holding, which are mainly high risk: FLX, RIN, CSR options, UXA, SBM, MGX, BMX, AET, LNC, WPG, IPM, TFE, and NZ:IFT. Just unloaded emerging markets.
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Yes I agree..but maybe I should not use the word "greed" and instead say I just see $$$ pontential. A part of me feels that even though I don't really know why I would really go into this stock I feel like I'd be missing out if I didn't. Hence trading with emotion as opposed to using sound decisions.
Obviously everyone is in it to make money. That doesn't mean you're greedy.
Obviously everyone is in it to make money. That doesn't mean you're greedy.
remember CAZ b4 the ministerial decision regarding the license,
when they annd that they had a huge iron ore tennement they skyrocketed, then they ann'd they had finance from a south african merchant bank, again skyrocketed, then they ann'd they had a customer and a transport solution, BHP had agreed to buy all their ore and BHP was just next door, again their sp went up,
i guess this is the kind of progress i would like to see from YML, no reason why they cant do it, esp since the ore in question is near to some large miners
when they annd that they had a huge iron ore tennement they skyrocketed, then they ann'd they had finance from a south african merchant bank, again skyrocketed, then they ann'd they had a customer and a transport solution, BHP had agreed to buy all their ore and BHP was just next door, again their sp went up,
i guess this is the kind of progress i would like to see from YML, no reason why they cant do it, esp since the ore in question is near to some large miners
