YML - Yilgarn Mining

[Sean K]

Perhaps todays sp % rise will put this on the radar for other punters tomorrow, even though it's low vol. I think all the action today has been ASF! LOL.

I still rate it as a medium term play even if it comes off short term due to lack of intense interest (there's only so few ASF members).

(holding)

(not many)

 

[Dave31]

Look at their current ann.... YT perhaps you should send the ASX a link to here and HC to take the heat off them :

 

[toc_bat]

look at teh sudden increase in sellers, i bet most holders came home form work to a surprise, and suddenly their out in force,

 

[dj_420]

hmmm, im betting that this one will retrace until market discovers it. sellers have now appeared, ive sidelined my shares but still holding onto my options, at least until market gets moving.

 

[YOUNG_TRADER]

lol, guys, a few peeps went a wee bit crazy bidding this up yesterday and got the company a speeding ticket,

Like I said, I reckon theres a few weeks or so to accumulate good positions in the company,


Anyway here's an article I found

Veteran miner David Burt, who headed high-flyer Australian Consolidated Minerals in the 1980s, is eyeing a return to production with his latest venture, Yilgarn Mining, after confirming a new JORC resource for its Carr Boyd Rocks nickel project.

The project, 100km north-east of Kalgoorlie, was one of the first deposits developed by WMC during the first nickel boom and produced over 210,000 tonnes of nickel up until 1977.

Yilgarn, which floated in 2004, said on Friday it upgraded the resource to 618,000 tonnes grading 1.4 per cent nickel and 0.5 per cent copper.

While the contained metal resource of 8400t of nickel and 2900t of copper is hardly world-class, the high price of both metals makes development a distinct possibility.

Yilgarn is earning 51 per cent of the project, with the remainder held by Consolidated Minerals, which is fast-tracking expansions of its own nickel mines at Kambalda to cash in on record prices. Yilgarn will feed the new resource numbers, which are based on the results of 109 surface holes and 175 underground diamond holes, into an ongoing mining study which envisages a number of open pits to a depth of 90m.

The study, including metallurgical testwork, is expected to be concluded early next year, meaning production could potentially start by late 2007.

 

[Sean K]

LOL, I think ASF, who bought this yesterday, have started to sell. Funny as!

Better not mention any more stocks YT, you've created a monster. he he.

I agree with everything you've said though, and I still think Marillana has some significant upside. It's just a matter of time before the rest of the market sees this (and not just ASF).

I'll be accumulating this at the right time. Cheers.

 

[toc_bat]

I'll be accumulating this at the right time. Cheers.

kennas can u post a chart and some analysis, etrade simply wont chart it, says symbol not found, asx charts are rather ugly,

when u say accumulating at the right time are you saying it has some amount to drop off b4 you will be interested? ie is that what the chart indicates?

bye

 

[Sean K]

kennas can u post a chart and some analysis, etrade simply wont chart it, says symbol not found, asx charts are rather ugly,

when u say accumulating at the right time are you saying it has some amount to drop off b4 you will be interested? ie is that what the chart indicates?

bye

TB, I can't chart this either. Bigcharts doesn't recognise it!

The rise yesterday was a bit silly imo. Probably looking better now that it's stabilised. This isn't a trading stock atm, but a medium term play perhaps. I think a few members are looking for a quick buck right now as there have been so many short term opportunities recently that when an opportunity comes up, $$ signs appear in everyone's eyes and they just jump on what might be a gravy train. It's not always the case. This stock has good potential and should slowly appreciate with the usual ups and downs. Those wanting to make a quick $ will need to time it well, but it's not generally timing but time in that counts, to quote a famous quoter.

 

[dj_420]

toc bat

considering the sp ran up yesterday on $70 000 then it could swing either way very quickly. if you look at buy and sell depth there are only two buyers above what the price was two days ago.

this will settle back down no worries. people are just not used to trading thinly traded stocks. sellers could push price back down with $10 000. so all you have to do is wait and very easily get back in on decent price.

most people will get bored with stocks that show no action.

 

[toc_bat]

well in the gret big oppie dump of old 12:50pm my order for em at 3,1c got filled!

Anyway i was just wondering Kennas, obviously now is not the right time as now you will just drive the sp up again, perhaps you are refering to a calmer timer as opossed to 10c a share time

funny about the charting as etrade will chart YMLO not YML, i have sent them an email, yet to receive a reply, etrade has been rather unreliable of late

dj_420 - di dyou get some oppies, i member reedin u wanted some at 3,5c mark

wow 2ser has got me goin offffff atm, gota go and shake and bounce

 

[Ken]

can some one please explain the theory of investing in YMLO instead of YML

whats the difference....

and why would you do that?

 

[dj_420]

YMLO are the options and you would invest in them for the leverage.

 

[Ken]

leverage?

please explain....

 

[nizar]

leverage?

please explain....

An example.

20c oppies.
If the heads are at 30c.
Oppies trading at 10c.

If heads one day are up to 35c (increase of 16.7%), oppies should trade at 15c (increase of 50%)

 

[toc_bat]

ken

atm the sp is sub 25c, since the options are exrcisable at 25c they are effectively worthless at this point in time, thus last sale was at 3,1c, i guess 3,1c is their speccie value

say YML find stacks of minerals and metals and oil, and elvis and pricness di and atlantis end evidence of aliens and arab civilisation in australia pre european , then their sp is likely to be say above 50c.

so a buy of shares at 20c today will get you a 150% profit in the 50c region,

since options are exercisable at 25c when sp is 50c options could be around 25c, today they are 3,1c therefore on options you stand to gain 800% odd inthe same time period, but if they find squat options could go to 1c thus a wipe out, or if they find it in august, too late as options will expire in june? or july i think.

cya

edit: damn nizar beat me to it

 

[Ken]

so for instance if the options expire today. they are worth absolutley nothing and you lose all your money because the share price is under 25 cents.

 

[nizar]

so for instance if the options expire today. they are worth absolutley nothing and you lose all your money because the share price is under 25 cents.

Yes.
Once the options are expired they are worthless.

 

[Ken]

only reason i ask is because AXT lists on monday.

and they have options. i am trying to get my head around whether its better to buy the shares or the options.

i got some shares on the ipo but not enough.

 

[toc_bat]

so for instance if the options expire today. they are worth absolutley nothing and you lose all your money because the share price is under 25 cents.

yes but these particular options expire JUN 2007 so 7 months to go, i guess you could still loose it all if in 7 months time the sp is at $2 but you lie somewhere in an amnesiatic state, or are just so busy partying you forget to convert them

 

[hitmanlam]

Perhaps todays sp % rise will put this on the radar for other punters tomorrow, even though it's low vol. I think all the action today has been ASF! LOL.

I still rate it as a medium term play even if it comes off short term due to lack of intense interest (there's only so few ASF members).

(holding)

(not many)

LOL. Uno wat we should do. Since its appears mostly ASF members trading the stock, all ASF buyers should agree not to chase this stock and just accumulate it. Put a price cap on our bids, say 20c or under sounds good. This way, we won't be chasing each other and trying to outbid each other. (just like in an auction). After all, the price should be going up in several weeks, not now!!! We should be positioning ourselves right now.

btw, patience is the key. No matter what, DON'T PANICK. Come on guys. We need to bet these HC boys. We should be working as a team here!!!

ps. if this actually pull off, it would be absolutely amazing.... actually...a miracle!!!