YML - Yilgarn Mining

[Mozart56]

My confidence is rising as YML rise 2.5 cents. You never know, this could be the early stages of a breakout, after a fairly upbeat Quarterly Report. "...another emerging iron ore play...", says Y_T, "I could hardly disagree".

This is such a perplexing stock. I've been a slow acquirer over the last 2.5 years, as good news appear to be released upon more good news, and yet the stock rarely moves post-announce.

What's more confusing is that is is now trading at around 23c which is where it was _before_ there was any confirmed knowledge of a 30M tonne Fe resource.

Am I missing something here, or has the market factored something into $13M market cap that I can't see. As always the market is "never wrong" as they say. Just thought there might be more interest than the paltry $60k that's has been traded today. It would appear by all accounts that all the new information in the quarterly was already factored into the price of the stock.

 

[noobs]

Yilgarn Mining Appears in Minebox - Yilgarn Mining confirms Marillana iron ore potential.

http://www.minebox.com/story.asp?articleId=8890

Lets see if this generates some more buying.

 

[rico01]

I'll second that. :bier:

 

[Mozart56]

Lets see if this generates some more buying.

Apparently generating more selling. Down 2c already.

 

[YOUNG_TRADER]

Apparently generating more selling. Down 2c already.

Mate relax,

Its got support at 20c, with Nickel going to record highs again, I can't wait for Carr-Boyd Feasibility I'm prediciting a project NPV of $200m

Lets wait and see

 

[KIWIKARLOS]

Hey YT

Would you happen to know when we might expect the fesibility study to be released I imagine these things can take a while?

 

[noobs]

Kwik it's in their quarterly report from yesterday.

https://www.asx.com.au/asx/research...panyName=&principalActivity=&industryGroup=NO

 

[YOUNG_TRADER]

Its also very interesting that from the very small area in Marilliana tested YML has already outlined a 30Mt@58%Fe Target

I wonder how long it will take to outline a target for th whole area?

Also they are progressing on their very large Murrin Murrin JV with MRE, with Nickel at record highs ie $20AUD+/lb I don't think it will be long before this laterite toll treatment begins

 

[noirua]

Its also very interesting that from the very small area in Marilliana tested YML has already outlined a 30Mt@58%Fe Target

I wonder how long it will take to outline a target for th whole area?

Also they are progressing on their very large Murrin Murrin JV with MRE, with Nickel at record highs ie $20AUD+/lb I don't think it will be long before this laterite toll treatment begins

Hi, Everytime YML trys to breakout, sellers appear and it drops back again. Maybe there are stale bulls left in the stock.

 

[zt3000]

Hi, Everytime YML trys to breakout, sellers appear and it drops back again. Maybe there are stale bulls left in the stock.

Please explain stale bulls? Thanks

 

[dj_420]

remember there were a lot of buyers around 30 cents and above. quite possible a few are still looking for exits.

this is due to stock been thinly traded, unti it is placed on the map then small trades will continue to influence share price.

one big ann and it will swing around however. possible the nickel ann that is upcoming.

 

[noirua]

Please explain stale bulls? Thanks

The basic meaning is: " A share trader who has become disenchanted ".

 

[Mozart56]

I agree that thin trade gives a poor indication of real value. The stock clearly is an unknown entity, but for how long?

The hidden prospect here are the additional anomolies yet be drilled in the Marilliana area that by all accounts appear as least as prospective as the small area that has already been demonstrated a proven resource. Anyone care to comment on the reliability of the gravity survey data? The are several areas on the map that look as prospective and are significantly larger.

 

[ALFguy]

Been watching this over the last week and accumulating when I could.

What I can't believe is that some are willing to sell so low, given the potential upside there is and that support is being confirmed above 20c, day by day.

I'm not complaining as I've built a nice holding

Betting next ann will be an update on discussions they're having with potential buyers of their ore.

 

[Mozart56]

What I can't believe is that some are willing to sell so low, given the potential upside there is and that support is being confirmed above 20c, day by day.

Agreed, particular given the fact that one of the Directors purchased a parcel of 100,000 at 25c last week.

I thought that heads finishing down and oppies finishing up today was another odd one.

 

[Mozart56]

Its got support at 20c, with Nickel going to record highs again, I can't wait for Carr-Boyd Feasibility I'm prediciting a project NPV of $200m

Lets wait and see

Noticed that today Nickel has just smashed through the $40,000 US/T mark . Might have to adjust those NPV values YT

 

[YOUNG_TRADER]

Noticed that today Nickel has just smashed through the $40,000 US/T mark . Might have to adjust those NPV values YT

In time, but for now

No matter which way you slice it YML is undervalued

@ 25c Mkt Cap = $20m
@50c = $40m
@75c = $60m

 

[Rob_ee]

I wish it would hurry up and get up to 30.5c so I could buy in.

Nickel up , ASX at record levels , big gains last two days in the market yet YML is not moving from the 20-22c range day after day after day

What is going on here ??

Rob

 

[marklar]

What is going on here ??

Oh, my bad! I'm holding some, along with INL & BLT. For some reason stocks seem to start running after I get out and move my $ elsewhere (*shakes fist at GGY*)

m.

 

[Moneybags]

Marklar.......could you kindly remove your $ from INL then please........

MB