YML - Yilgarn Mining
- Thread starter yogi-in-oz
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Always thought that directors buying was a good indication of an entry point, for longer term (3-6 month) investors.
I agree - it would look a bit dodgy if we saw a stunning ann in the next couple of weeks, but before then may be an ideal accumulation opportunity.
No good for the day traders, but, as we saw a few weeks ago when it plunged from $0.33, that's not such a bad thing.
I agree - it would look a bit dodgy if we saw a stunning ann in the next couple of weeks, but before then may be an ideal accumulation opportunity.
No good for the day traders, but, as we saw a few weeks ago when it plunged from $0.33, that's not such a bad thing.
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Now starting to move a bit further. Up to 25.5.
Could move faster than people think!
Could move faster than people think!
Serpie said:
It is still a good sign, but with no announcement coming [as the directors are not allowed to trade before any announcement that may affect the share price] it could be a long wait before we get any real good news. I've left my order at 22.5c.
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hope you're right snakey
a small flicker of light on a dark day
a small flicker of light on a dark day
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rico01 said:
rico01, any idea how long the period is between directors buying and making an announcement?
From the Yilgarn Code of Conduct, also refer to ASX insider trading policy. As for an absolute quarantine period, probably no absloute ans. I'll be interested to see followup comment
"Such confidential or inside information is to be used solely for Yilgarn’s purposes and
not as the basis for personal gain by the employee, his/her family or friends. An
employee (including his/her family) may not, therefore, while in possession of such
confidential data or information, engage (directly or indirectly through accounts which
he/she controls or in which he/she has an interest) in transactions with respect to
Yilgarn’s stock or shares or interest in other companies or organizations, the value of
which is likely to be affected by any dealings between such organization and Yilgarn.
Such restrictions shall apply until such data or information has been released to the public
and sufficient time has passed to allow investor reaction. Any infraction could subject
the employee to civil and/or criminal liability under Australian securities law."
"Such confidential or inside information is to be used solely for Yilgarn’s purposes and
not as the basis for personal gain by the employee, his/her family or friends. An
employee (including his/her family) may not, therefore, while in possession of such
confidential data or information, engage (directly or indirectly through accounts which
he/she controls or in which he/she has an interest) in transactions with respect to
Yilgarn’s stock or shares or interest in other companies or organizations, the value of
which is likely to be affected by any dealings between such organization and Yilgarn.
Such restrictions shall apply until such data or information has been released to the public
and sufficient time has passed to allow investor reaction. Any infraction could subject
the employee to civil and/or criminal liability under Australian securities law."
shinobi346 said:
Sorry I've been looking through the ASX website, but I can't find the actual period. However there are strict guidelines for directors trading in their own shares. Can you imagine what would happen if they were permitted to trade with insider knowledge?! Anybody else know?
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nice little run up today
even if there are no market sensitive annoucements in the immediate short term, directors buying will run the stock up given the lowish volumes
even if there are no market sensitive annoucements in the immediate short term, directors buying will run the stock up given the lowish volumes
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If the directors are buying it should be confirmation that, at that time, we know everything that they know (and of course that they're optomistic).
If they were involved in negotiating any JV's, deal etc then they wouldn't be buying or selling, but if they're waiting for drill results etc then they can go for it, as long as they are at arms length from those they're waiting on.
Director buying is great because it draws a line in the sand - it's confirmation that we've got a fully informed marketplace, and punters can make their minds up for themselves.
Well - that's how it supposed to work. Hopefully in this case it's insider trading!!! Go YML!
If they were involved in negotiating any JV's, deal etc then they wouldn't be buying or selling, but if they're waiting for drill results etc then they can go for it, as long as they are at arms length from those they're waiting on.
Director buying is great because it draws a line in the sand - it's confirmation that we've got a fully informed marketplace, and punters can make their minds up for themselves.
Well - that's how it supposed to work. Hopefully in this case it's insider trading!!!
Go YML!
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The market has just opened and it will be interesting to see if YML gather speed and confirm a break out. Hopefully, this time, YML will not retrace the gains.
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Moved up a bit this morning to 26c.
Should be an interesting day.
Could easily breakout today.
Hold your breath!
Should be an interesting day.
Could easily breakout today.
Hold your breath!
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nioka said:
30th June 2007 options trade at 6.3 cents at the moment, up 0.4c - for 32,500 options; Last trade at 10.24.
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nioka said:
Most, of all of the options are held by 4 directors and I believe the 25c -31/12/08, 30c - 4/12/09 and 30c -10/10/09 options, are all held by Directors and are unquoted.
Shares now trade at 27.5 cents, encouraging.
stoxclimber said:nice little run up today
even if there are no market sensitive annoucements in the immediate short term, directors buying will run the stock up given the lowish volumes
Nickel now moved up to $US41400/T. At this price just about any percentage on Nickel looks viable. Go YML!
