dj_420 said:all im stating is that due to such large increases in volumes obviously the majority of recent buyers are in the 24 - 33 cents range. which by the LARGE volume over 30 cents obviously these ppl would be sitting on losses now.
disc: i have been in and out of this stock already, and intend to buy again on more weakness.
the moral here is you can catch a good run, sell and buy again on retracement.
Yes. Reminds me of the story of the lady who sent this telegram to her husband, " Not getting any better. Come home". In the translation it became," Not getting any. Better come home."Moneybags said:poor choice of words
MB
Kauri, are you sure the drill area in Marillana adjoins the BHP line? The maps on the AGM presentation show HI drill results for a very small triangular section bounded by BHP's tenement on one side and a zone set aside for a future railway (looks like the one to FMG, and perhaps the one they don't want to build and instead use BHP's line), but it's not the existing BHP line that is several kilometres away toward the middle of the tenement. The area drilled by HI only appears to account for about 5% of YML's total tenement. YML have indicated in a mid December ASX announcement that they plan to drill in the zone set aside for the future railway once they're given approval. This zone has not been previously assayed.Kauri said:It's haematite ore, below the cut-off grade for most ore buyers, so it would need a beni. process of some type to increase the grade. The drill area all but straddles the BHP rail line. The area was drilled by H.I in the mid 90's before they surrendered the lease as uneconomic for thier operations...... but I guess that most people that have done thier research would already know this..
Cheers..
Kauri
kgee said:I haven't seen it posted but does anybody know whether its a magnetite or hematite iron ore deposit....I'm imagining its magnetite, just wondering if anyone knew?
kgee said:I'm off to the library to get Victor Rudenno's "guide to mining valuation"
have a good one
greggy said:THe motto is not to chase stocks. Try to get set in stocks before they run.
gringokonyo said:Kauri, are you sure the drill area in Marillana adjoins the BHP line? The maps on the AGM presentation show HI drill results for a very small triangular section bounded by BHP's tenement on one side and a zone set aside for a future railway (looks like the one to FMG, and perhaps the one they don't want to build and instead use BHP's line), but it's not the existing BHP line that is several kilometres away toward the middle of the tenement. The area drilled by HI only appears to account for about 5% of YML's total tenement. YML have indicated in a mid December ASX announcement that they plan to drill in the zone set aside for the future railway once they're given approval. This zone has not been previously assayed.
YML also give an example of haematite in their AGM presentation so as you've pointed out, they know what they're digging up.
I'm not sure if YML are trying to confirm the whole of HI's previous drilling results. They seem to be focussing on an area 2km x 500 which is likely to show about 55m tonnes (2,000x500x14 average depthx 4 tonnes pm3 @ 59.3% FE).
No activity thus far today. Buyer at 26c/ seller at 28.5c.watsonc said:Will be interesting to see what happens to the share price when when the week time frame draws to a close, and still no news! Might be a bit of demand again for the stock with people jumping in with a last minute rush!
You are right there. The first trade of 15000 was mine and the last 2 were cross traded. Everything looks good but some day traders would have been singed in the last day or so and this will put the brakes on them. Lets hope for a good assay result now.greggy said:No activity thus far today. Buyer at 26c/ seller at 28.5c.
DYOR
I don't like storms. Slow and steady wins the race.gordon2007 said:Is this the calm before the storm?
YOUNG_TRADER said:Kgee magnetite ores are deposits that grade 30% Fe
Hematite Ores are traditionally 60%Fe+ deposits, but given the increase in Spot Iron Ore price, I reckon 50% Fe deposits would qualify, they would just need more benefication to make it shipable to China
Ideally High Grade 65% Fe Ore is perfect as its DSO, Direct Shipping Operation, ie dig it up, put it on truck/rail/ get it to ship and ship it thats it, no chemicals/ore blending etc etc
YOUNG_TRADER said:Hey I recommened that book to you ages ago and your only now going to get it?????
To all those interested in learning its a great book!
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