YML - Yilgarn Mining

[KIWIKARLOS]

thanks heaps , i only have basic chart knowledge i would appreciate it if someone could explane a few things shown by the graph.

Please

 

[camaybay]

The chart has a web address. Incredible charts site has tutorials.Start reading. You will need an easy reference site

 

[ALFguy]

Buyers building at 24c and trades bouncing around 24-25c mark.

With directors buying at 25c, we could see support forming here.

 

[KIWIKARLOS]

No one wants to off load at 24 perhaps in the next week or two with no news people will get impatient.

 

[spottygoose]

No one wants to off load at 24 perhaps in the next week or two with no news people will get impatient.

I caved in and am back in at .245 didn't want to miss the boat. If it does drift back I plan to accumulate more.

 

[KIWIKARLOS]

Perhaps somebody with more knowledge on mining can correct me but i've been looking at the potential projects of YML and they still look to be somewhat speculative.

The Nickel resource they are investigating doesn't seem to be a large deposit and could prove expensive to mine. The iron ore project looks good being on the boundaries of RIO and BHP tennements but it won't get off the ground unless they get a deal to use the existing rail infrastructure. I know they would like to prove the resource then palm it off to the big guys but their is also evidence that the resource they are sampling extends into the adjoining tennements. Is it really that good a find compared to the surrounding proven reserves?

 

[ALFguy]

I caved in and am back in at .245 didn't want to miss the boat. If it does drift back I plan to accumulate more.

That's how I like to play it these days. Buy in when there looks like support but hold some back to buy more if it drops.

 

[Mozart56]

Perhaps somebody with more knowledge on mining can correct me but i've been looking at the potential projects of YML and they still look to be somewhat speculative.

I think "speculative" is the key word here. We need to take the risks of the known resource finds, and potential finds (they have a number of additional unexplored and partially assesed tenanments) and weigh them up against the market value of the company. The known resources have potential market values in the $100's of millions, and I think these risks are obviously factored into a share price which currently values them at $10M (with $4m cash taken into account), hence there are risks, which at this stage the market has factored in as a substantial discount to the realised resource values. As those risks become either more or less speculative pending further results we can expect a huge swing in the share price.

They say the market is "never wrong" so perhaps the 24/25c represents fair value for the known risks.

 

[KIWIKARLOS]

alot of info regarding the nicle project have been released eg. gradings, depth & potential mining methods. What i meant was does anyone know if what they have released by way of results and proposals for mining is actually a good project as far as nicle mines go?

I guess it would be a comparison to existing resource discoveries, looking for similar examples

 

[Mozart56]

Off the top of my head I can't think of any. Would be internesting to look at Jubille Metals with their Silver Swan deposit, and Fortesque Metals back in their infancy to see if there are any similarities. Still remember just a few years ago someone trying to convince me that Jubilee was still good buying when it broke through 80c .. but of course I knew better (now $15+)

Looks like there is some impatience growing with trading today. No announcement expected for a while, so I suspect it may fall a little until the next announcement is likely.

 

[YOUNG_TRADER]

Off the top of my head I can't think of any. Would be internesting to look at Jubille Metals with their Silver Swan deposit, and Fortesque Metals back in their infancy to see if there are any similarities. Still remember just a few years ago someone trying to convince me that Jubilee was still good buying when it broke through 80c .. but of course I knew better (now $15+)

Looks like there is some impatience growing with trading today. No announcement expected for a while, so I suspect it may fall a little until the next announcement is likely.

Mozart, we can expect the following MAJOR Ann's

- Carr Boyd Feasibility Study
- Irwin Processing Update
- Mariliana JORC Drilling

I don't expect Carr Boyd or Marilliana until April,
But Iriwn Processing JV update could come anytime, as could an update for say a JV or Chinese partner for Marilliana, its certainly large enough to warrant interest, not to mention any one of their other many projects

So I guess what I keep saying is YML has a floor at 20c, in the short term over the next few months it may get an ann that will act as a catalyst causing it to run but on things for sure its worth at least twice what it is, its just a matter of time,

 

[Mozart56]

Mozart, we can expect the following MAJOR Ann's

- Carr Boyd Feasibility Study
- Irwin Processing Update
- Mariliana JORC Drilling

I agree YT, to the extent that I don't believe that a "failure" in any one of these projects warrants a re-rating of the stock as each project has some serious independent value. The shining element in this stock is the diversification of its interests. With so many major "irons in the fire" it seems only a matter of time before one breaks through. Should multiple interests come good, then the sky really is the limit!

 

[YOUNG_TRADER]

I agree YT, to the extent that I don't believe that a "failure" in any one of these projects warrants a re-rating of the stock as each project has some serious independent value. The shining element in this stock is the diversification of its interests. With so many major "irons in the fire" it seems only a matter of time before one breaks through. Should multiple interests come good, then the sky really is the limit!

Agreed,

Also I like YML so much because of the commodities its exposed to Nickel, the only Base Metal to CONSISTANTLY BUCK THE TREND AND CONTINUE UPWARDS, and Iron Ore, negotiated in yearly price agreements so not subject to random daily/weekly fluctuations

 

[TheAbyss]

Some build up in volume today. Things may be starting to warm up.

 

[moses]

My guess from the smart money graph is that we have a brief chance to pick up more until that blue line reverses...then BANG! I hope it lasts a week so I can pick up some more

My reading of this graph is that the smart money (black line) have been getting increasingly serious while the profit takers have recently been selling out (blue line), effectively hiding the smart money demand from the SP. When the profit taking is over the SP should take off.

Thats the theory anyway. DYOR

 

[KIWIKARLOS]

there seems to still be alot of selling off, perhapes a good buying opp (if i had spare cash )
Hopefully we see a good announcement sooner rather than later which will turn sentiment around. I plan to hold for few months after result of feasability study.

 

[moses]

My guess from the smart money graph is that we have a brief chance to pick up more until that blue line reverses...then BANG! I hope it lasts a week so I can pick up some more

My reading of this graph is that the smart money (black line) have been getting increasingly serious while the profit takers have recently been selling out (blue line), effectively hiding the smart money demand from the SP. When the profit taking is over the SP should take off.

Thats the theory anyway. DYOR

Semi-revision for sake of timing.

We still have some time for YML but sooner is better. The rising black line shows that serious interest is increasing, and if it continues to increase at this rate then eventually YML will run out of impatient profit-takers and be seriously rerated. But while the price looks likely to rise in the short term, the real action looks like being some time away. Now is our opportunity for soaking up the dips.

My reasoning is based on the fact that the black line has only recently moved into positive territory, and is barely there at all. Multi-baggers tend to have the black line firmly positive for several months.

Assumptions implicit in the above: that YT knows how to pick fundamental value, and that YML is a genuine bargain waiting to fly. As always, DYOR

 

[spottygoose]

http://www.theage.com.au/news/busin...s/2007/02/18/1171733612620.html?page=fullpage

YML part of an alliance to pressure for infrastructure access....

 

[YOUNG_TRADER]

Beat me to the post Spotty,

Its great to have so many other active readers/researchers,

To all those who haven't read it, have a read, its very interesting!

 

[Mozart56]

Looks like 23c is the new floor. Been some munching at this point for some time. Expect that volumes will dry up as we await the next announcement