YML - Yilgarn Mining

[gordon2007]

LOL....yep at the casino, I can be watching a table and it's just paying people left and right. As soon as I sit down the bloody thing goes cold as.

 

[mrWoodo]

I'm perplexed why this afternoons sellers decided not to wait till (my guess) Mon for the lab results ?

I've heard many ppl mention 'no emotion when u trade' but I think the opposite in this case may apply - Lots of ppl catching wind of this would have bought above 0.30 days ago - If any of these are panicking and selling 0.23-0.26 then great, more chance to top up. In this situation I want to learn to 'read the emotions of the nervous ppl' and use it to my advantage.

Damn I need live datafeed

 

[YOUNG_TRADER]

It should bounce of 23c as support

Don't count on the Ann being out by monday, it maybe Friday next week,

If your counting on Monday you may become irrational/emotional and sell if the ann doesn't come.

I always prefer to be surprised on the upside, if it comes out Monday great, but I'm expecting it Friday Next week

 

[mrWoodo]

Don't count on the Ann being out by monday, it maybe Friday next week,

True - Anytime next week is cool, I'm just going out on a limb as they had mentioned 'early jan' for results.

 

[kgee]

I'm perplexed why this afternoons sellers decided not to wait till (my guess) Mon for the lab results ?

I've heard many ppl mention 'no emotion when u trade' but I think the opposite in this case may apply - Lots of ppl catching wind of this would have bought above 0.30 days ago - If any of these are panicking and selling 0.23-0.26 then great, more chance to top up. In this situation I want to learn to 'read the emotions of the nervous ppl' and use it to my advantage.

Damn I need live datafeed

not neccessarily people been nervous as people playing the game ie: taking profits

 

[Jay-684]

Purchased another 10,000 today @ 0.24 - so now holding 30,000 @ an average price of 0.225

thought it may retrace, but with speccie stocks theres always that risk you'll sell and it'll keep running..... so I held on

 

[Gurgler]

Here's the ann.

Can some more knowledgeble than I interpret? YT how does this compare

G

Can't seem to get the ann to upload.

 

[dj_420]

ok its around 40 - 50 metres deep, avg grade is 58% and resource is around 15 metres thick.

im no geo but i would rather be in a company with their resource on the surface rather than deep under dirt. theyt may be able to prove up a resource but how financially viable is it to dig it all up?

not downramping just putting forward my two cents. comparing to UMC and JMS (although no resource is defined) both have surface grab samples of 60% plus. thats what i thought was the attraction to these two.

anyway good luck to holders.

 

[dj_420]

going from market depth at 9:15 am it still looks like it will pump today. so holders will be happy with that.

 

[YOUNG_TRADER]

ok its around 40 - 50 metres deep, avg grade is 58% and resource is around 15 metres thick.

im no geo but i would rather be in a company with their resource on the surface rather than deep under dirt. theyt may be able to prove up a resource but how financially viable is it to dig it all up?

not downramping just putting forward my two cents. comparing to UMC and JMS (although no resource is defined) both have surface grab samples of 60% plus. thats what i thought was the attraction to these two.

anyway good luck to holders.

DJ you have to understand that all JMS and UMC have are surface grab samples and hopes, that it! Whereas YML has drill assays back

YML has 2 Nickel projects with JORC's, JV's for financing and JV partners ready to execute offtake agreements to toll treat the ore, UMC doesn't and well JMS has surveys


I'd take YML over JMS or UMC anyday at these price levels

But then that is just me

 

[exberliner1]

2km length atm
600m wide
14.4 deep
SG 3 - guess

we get: 51,840,000 tones at 58% fe atm....and likely to increase...

Taking a guess at $60 per tonne - and $70 as the grade is just below 60%

we have an in situ value of $3,110,400,000

Taking out the cash in the balance sheet YML is value by the market at around $15mn
- for all its projects

Even taking a value of 1% atm we get around $30mn

Seriously undervalued imo

EB

 

[dj_420]

all im expressing is the cost of extraction, would someone who is a geo or knowledgable in this area be able to show us what sort of costs are for this type of deposit?

i thought UMC also had goldsworthy's previous drilling results to go by as well? i have been trying to find these drill results and find out whether or not they are on UMC tenements?

 

[Kauri]

2km length atm
600m wide
14.4 deep
SG 3 - guess

we get: 51,840,000 tones at 58% fe atm....and likely to increase...

Taking a guess at $60 per tonne - and $70 as the grade is just below 60%

we have an in situ value of $3,110,400,000

Taking out the cash in the balance sheet YML is value by the market at around $15mn
- for all its projects

Even taking a value of 1% atm we get around $30mn

Seriously undervalued imo

EB

It's the strip ratio of at least 5 that would worry me, it may be alright for gold but for iron ore that needs a Beni plant or blending, it seems excessive.

 

[toc_bat]

JMS might not be as good on paper but i think they are a lot better at marketing themselves, many more anns and they have a plan to start producing iron ore by 2008,

YML are pretty quiet,

anyway see how it goes

 

[YOUNG_TRADER]

JMS might not be as good on paper but i think they are a lot better at marketing themselves, many more anns and they have a plan to start producing iron ore by 2008,

YML are pretty quiet,

anyway see how it goes

lol, how funny, JMS kept quiet for ages and ages about its Iron Ore program and Chinese JV, they've been going on about it for over 6 months and still no Chinese JV,

It just amazes me how quickly people fall in love with something and then don't care much for it.

Anyway as you said we'll let time decide who's right, I have another 5-6months for my 750k opies which are now free to bring me value.

 

[bigt]

..well, couldn't handle the pressure, out at 27.5, this was my target so am very happy I have finally managed to make one successful, planned trade! Good luck to all who hold...still great potential stock.

 

[noobs]

Just out of interest anybody have a view on companies releasing price sensitive results such as YML's prior to or after market opening? My opinion is that it tends to make more of a difference to the SP if its released when the market is open but I haven't tested this?

 

[toc_bat]

i still hold,

but went back over the anns of JMS yesterday, most of them for ages back, and it became clear that the JMS story is so much alive in their anns, i am sure that is a big part of their SP rise,

 

[Wilson!]

im surprised on todays action, the results were good.
maybe if it holds here it could go back north?

 

[nioka]

..well, couldn't handle the pressure, out at 27.5, this was my target so am very happy I have finally managed to make one successful, planned trade! Good luck to all who hold...still great potential stock.

Todays announcement will get the day traders out of the way. I'm quite happy to hold on the results of the drilling and see what happens from here on in. My average price is OK. I considered taking a profit first thing as I was sure that profit takers would cause a drop during the day. Had I done that I would have bought back in as the price fell.
YML has got a mention on the "anti ramping thread". YT's information has been spot on and may have influenced price but that is what good info does.
Happy to hold.