YML - Yilgarn Mining
- Thread starter yogi-in-oz
- Start date
-
- Tags
- yilgarn mining yml
Jimmy001 said:I wish it would just do something rather than sit in this low 20s range after that intra day high of 40c looked so promising. What a tease.
Steady as she goes. Good to see financials released today confirm that they still have $4M in the bank, so if the shares ever fall to 5c it becomes a cash box
- Joined
- 12 December 2006
- Posts
- 289
- Reactions
- 0
Ken said:
25c options trading at 6c with a SP of 22c... as YT has said before.. people must think they are 20c options?
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Its good to know that after all that activity theres still $4m left in the kity,
Plenty to support activites,
Guys just be patient and wait for the Carr Boyd feasibility, the longer it consolidates at 20c, the more stale bulls we get out now and the less we will encounter on the next leg up
You want to know why options are so expensive? Because there in short supply
Simple, check the qtrly cash flow, of the 20m opies only 11m are listed, of that 11m at one point I had accumulated (1m @avg 3c) or almost 10%, I sold 300k at 10c thus free carring the balance 700k and have since bought another 100k at 5c, so now I hold 800k which have a carrying cost of next to nothing, but thats about what 8% of the options listed, so as you can see its gonna be hard to get those options, simple demand v supply
out of all the stories I have researched and punted, I am most excited about YML,
Patience my friends patience
Plenty to support activites,
Guys just be patient and wait for the Carr Boyd feasibility, the longer it consolidates at 20c, the more stale bulls we get out now and the less we will encounter on the next leg up
You want to know why options are so expensive? Because there in short supply
Simple, check the qtrly cash flow, of the 20m opies only 11m are listed, of that 11m at one point I had accumulated (1m @avg 3c) or almost 10%, I sold 300k at 10c thus free carring the balance 700k and have since bought another 100k at 5c, so now I hold 800k which have a carrying cost of next to nothing, but thats about what 8% of the options listed, so as you can see its gonna be hard to get those options, simple demand v supply
out of all the stories I have researched and punted, I am most excited about YML,
Patience my friends patience
- Joined
- 29 November 2006
- Posts
- 568
- Reactions
- 5
:millhouse more news out today about directors holdings.
http://www.asx.com.au/asxpdf/20070125/pdf/310n4clvpb6dp2.pdf
http://www.asx.com.au/asxpdf/20070125/pdf/310n4clvpb6dp2.pdf
ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
- Posts
- 457
- Reactions
- 0
Yeah, buying up at 21.5c - obviously, they think it's cheap too.
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
A bit of swapping from personal to Super Acc
as well as buying about 175k at 21.5c
Remember Directors sell for many reasons but they only ever buy for one
and from ann's it seems there are buying more lately
Perhaps they know something we don't?
hmmm could it be Carr-Boyd Feasibility study ? ? ?
as well as buying about 175k at 21.5c
Remember Directors sell for many reasons but they only ever buy for one
and from ann's it seems there are buying more lately
Perhaps they know something we don't?
hmmm could it be Carr-Boyd Feasibility study ? ? ?
Kipp
Lord of the Ledgers
- Joined
- 23 November 2005
- Posts
- 385
- Reactions
- 0
Just had a quik scan through the QTRly (late I know, but still on holidays...YOUNG_TRADER said:
) Based on the cross section image of Carr-Boyd. The "open pittable resource" (Stage 1 that is) looks to contain only ~20% of the resource... that is approx 2000 tonnes of Nickel- which I don't rate as overly impressive (half of Mincor's QTRly production). And ultimately YML will only earn 51%. Am I being too pessimtistic here? I suppose it is only a 12 mill company after all.
(Still holding a few)
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Kipp look at it like this, you like BSM don't you? Take BSM's total upside from its operations (NPV) and compare it with its current mkt cap,Kipp said:Just had a quik scan through the QTRly (late I know, but still on holidays...
Based on the cross section image of Carr-Boyd. The "open pittable resource" (Stage 1 that is) looks to contain only ~20% of the resource... that is approx 2000 tonnes of Nickel- which I don't rate as overly impressive (half of Mincor's QTRly production). And ultimately YML will only earn 51%. Am I being too pessimtistic here? I suppose it is only a 12 mill company after all.
(Still holding a few)
Then take YML's total upside (NPV) FROM CARR BOYD ONLY and compare it to its current Mkt Cap
There are few companies listed on the ASX that have the potential upside that YML does given all of its projects and Nickel and Iron Ore are the 2 best Metals IMO
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Mozart56 said:
Yes but theres also an endless supply of buyers from 20c -22c
Watch no matter how much selling occurs buyers keep popping up, just be patient Mozart, wait for the feasibility study and follow up work, I'm not to fussed with YML hope it consolidates really strongly, the longer it consolidates here the stronger the next up leg will be
Again patience its only been 2months since the mkt woke up to this stock
Well I've held my stock for 2.5 years, and it was 20c back then too
I'm keen to wait till June and see both the Carr Boyd reality as well as the results of the next round of iron ore exploration (which I think is scheduled for April), but knowing YML more likely May/June. Should those drill holes be as prospective (or more) as the first round, then we have a potential major player.
I'm keen to wait till June and see both the Carr Boyd reality as well as the results of the next round of iron ore exploration (which I think is scheduled for April), but knowing YML more likely May/June. Should those drill holes be as prospective (or more) as the first round, then we have a potential major player.
