YML - Yilgarn Mining

[Sean K]

I just look at it like this, for the past 18months I have done my best to unearth really undervalued stories, MTN, BSM, GOP, JMS, BCN and most recently HLX,

Forgot EVE YT. When it was under 10 cents....

 

[Kauri]

if I was a real dog I'd turn bearish on YML to cause panic selling so I could pick up shares really cheap,

No problems there YT, YML will possibly go on and be bigger than Ben Hur.
What surprised/disappointed me was the above statement.

 

[YOUNG_TRADER]

Kauri, first off that sentence has to be taken in the context of the whole post,

The point I was trying to make is that once I have identified and verified the fundamentals of a company I do not change simply because the SP lags, if the fundamentals are the same, yet the company becomes cheaper I will add/increase my position UNLESS there is something else to be read out there,

Anyway as far as I'm concerned I have done all the hard work I can on analysing YML, now its up to the companies follow up program to do the rest.

p.s. I doubt anything can become bigger than Ben Hur, except Titanic (I think it got more Oscars didn't it? was probably cause of Leo, sighhhhhhhh Leo : )

 

[noirua]

Hi Y_T, Best not to mention the Titanic in these mini-crash markets, you'll set-off a panic.

 

[Mozart56]

Hi Y_T, Best not to mention the Titanic in these mini-crash markets, you'll set-off a panic.

Geeeeez... YML getting slaughtered today, much like everything else. Still I keep saying "fundamentals are unchanged .. ignore the market". Then I think of all that money I put in at 24/25c! Time to hold onto your seat and go for the ride I think.

 

[greggy]

Kauri, first off that sentence has to be taken in the context of the whole post,

The point I was trying to make is that once I have identified and verified the fundamentals of a company I do not change simply because the SP lags, if the fundamentals are the same, yet the company becomes cheaper I will add/increase my position UNLESS there is something else to be read out there,

Anyway as far as I'm concerned I have done all the hard work I can on analysing YML, now its up to the companies follow up program to do the rest.

p.s. I doubt anything can become bigger than Ben Hur, except Titanic (I think it got more Oscars didn't it? was probably cause of Leo, sighhhhhhhh Leo : )

YT,

You've done a lot of hard work here in this forum. I know where you are coming from. When the market enters a correction many of the better quality specs take the same beating as the dogs. No matter how good your research is one just needs to be patient.

 

[noirua]

YML finished with the last trade at 17.5 cents for 25,957 shares. Brought down by those offering, caving in and accepting bids.

 

[noirua]

YML are up 3.5 cents to 21.00 cents in a good display as buyers return in numbers. I would have sold, but the work put in by Y_T convinced me it's worth staying the course with this one.

 

[YOUNG_TRADER]

Forgot EVE YT. When it was under 10 cents....

Thanks Kennas, there was also JML at 30c CBH at 30c MRUO at 10c URAO at 15c GBEO at 20c


Surprised the way that 200k buyer bought, ie didn't wait to get filled kept moving order around, chased up the sellers? In a mkt like this thats weird! Should have just sat back at 20c and got filled

 

[Jay-684]

I too am still holding. Bought 30,000 @ an average of .225 with a medium term outlook so am happy to sit and wait for a few months yet

 

[Mozart56]

I too am still holding. Bought 30,000 @ an average of .225 with a medium term outlook so am happy to sit and wait for a few months yet

Nickel just broke through $47,200/tonne and YML falls. You have to love the market at the moment. Good buying for someone at 19.5c after 0 volume yesterday.

 

[Sean K]

Nickel just broke through $47,200/tonne and YML falls. You have to love the market at the moment. Good buying for someone at 19.5c after 0 volume yesterday.

LOL. AGM down 4% too. It's a fickle beast! Uranium gets to $90, and they're all off 3-5% ish too. Nothing's changed there....the heard being led over the cliff......

 

[Freeballinginawetsuit]

Nickel just broke through $47,200/tonne and YML falls. You have to love the market at the moment. Good buying for someone at 19.5c after 0 volume yesterday.

Nickle Spot ATM is of what relevance to YML, if/when YML are a producer of Nickle spot prices could be..................?

Of any relevance to current Nickle fundamentals at least quote a mid tier that has a forward exploration/production profile that could reflect a realistic opportunity near term, as a result of a market pullback.

 

[Mozart56]

Nickle Spot ATM is of what relevance to YML, if/when YML are a producer of Nickle spot prices could be..................?

Of any relevance to current Nickle fundamentals at least quote a mid tier that has a forward exploration/production profile that could reflect a realistic opportunity near term, as a result of a market pullback.

...like Sally Mallay? It too has pulled back just a few days after confirming an additional 42,000 t Ni resource.

Spot price is only relevant in calculating the viability of mining, not mining or selling YML's existing resources. Record high's can only help the long-term average price can't they? They don't have to mine it to make money from it.

 

[YOUNG_TRADER]

Spot price is only relevant in calculating the viability of mining, not mining or selling YML's existing resources. Record high's can only help the long-term average price can't they? They don't have to mine it to make money from it.

Exactly, I will now safely use a $7.50 per lb US = $10 per lb AUD nickel spot when doing rough valuations,

Aprils not too far off either

 

[nioka]

Nickel just broke through $47,200/tonne and YML falls. You have to love the market at the moment. Good buying for someone at 19.5c after 0 volume yesterday.

Thanks for your post. I looked at the nickel aspect, sold my YML (at a loss) and put the money into AGM where I consider it better nickel value.

 

[Freeballinginawetsuit]

Big difference between SMY and YML, SMY has the largest near term forward production profile/ramp up, of any Nickle stock on the ASX......simple. Reflected in the price action and volume on SMY this morning.

Not bagging YML at all Mozart, you are comparing chalk with cheese and the depth on YML reflects that money talks and bubble material is nothing in an uncertain market...........

 

[Mozart56]

Big difference between SMY and YML, SMY has the largest near term forward production profile/ramp up, of any Nickle stock on the ASX......simple. Reflected in the price action and volume on SMY this morning.

Not bagging YML at all Mozart, you are comparing chalk with cheese and the depth on YML reflects that money talks and bubble material is nothing in an uncertain market...........

Agree with you on SMY... just pointing out that at the moment even the most rock solid prospects are taking a hammering too. Maybe SMY is good prospect to take out YML?

 

[Freeballinginawetsuit]

Mozart, I'm just of the opinion the current market is presenting opportunities to accumalate value entry's mid term.........YML may be an opportunity although its not the kind that I am into !, ATM .

All the best with it though and I hope it turns out a winner for you

 

[Crash]

I am in as of this morning at 19.5. Have watched this for a long time waiting to get in at this price - ready for the ride, hope it's upwards.