YML - Yilgarn Mining

YOUNG_TRADER · 20 April 2007

KIWIKARLOS said:
Meanwhile cobalt upgrade pilot-scale testing is proceeding on ore from the Irwin-Coglia nickel-cobalt laterite project well north of Carr Boyd. This is in a joint venture with Murrin Murrin Holdings and GlenMurrin Pty Ltd (Minara Resources Ltd and Glencore AG), owners of the big Murrin Murrin laterite mine and treatment facilities near Laverton.

Hey YT

does this project involve Yilgarn?

All signs are looking positive for the Car Boyd mine, especially if they start producing by September

Yes it does, see project number 2 under my YML analysis

2. Irwin Hills JV YML-40% MRE-60%, Nickel, In W.A.
JORC 20Mt@ 1%Ni (Nickel) + 0.12%Co (Colbat)
High levels of Chloride so having trouble getting MRE to agree to Toll Treatment at its Murrin-Murrin Plant, although its Laterite Nickel its not that bad as MRE is the Laterite King!
MRE stated in their last Qtrly that "Preliminary mining studies are underway to determine the viability of direct trucking of ore to Murrin Murrin plant"

The cobalt upgrade pilot scale testwork is proceeding and will be reported upon once results are to hand

KIWIKARLOS · 20 April 2007

Yeah the buy side is decreasing while the sell side looks to be building, perhapes people are getting impatient?

Based on current information does anyone know the potential earnings per share if car boyd is a goer

ALFguy · 20 April 2007

Not everyone has the patience that Mozart has

Unless you're day trading, why worry about this sort of price movement? If you have faith in the potential of YML then just hold.

I haven't see any bad ann's to suggest I should give someone else the chance to get in

Patience.

ta2693 · 20 April 2007

ALFguy said:
Not everyone has the patience that Mozart has

Unless you're day trading, why worry about this sort of price movement? If you have faith in the potential of YML then just hold.

I haven't see any bad ann's to suggest I should give someone else the chance to get in

Patience.

I also worried coz I believe the market is efficient in most case.

YOUNG_TRADER · 20 April 2007

ta2693 said:
I also worried coz I believe the market is efficient in most case.

ta, I've read a few of your posts and haven't said anything, but I reckon you don't understand the spec end of the resource sector at all, sorry but the above posts highlights this,

I suggest you stick to Blue Chips where many informed players keep the mkt efficient,

Good luck, but the spec end doesn't seem to be for you

ta2693 · 20 April 2007

YOUNG_TRADER said:
ta, I've read a few of your posts and haven't said anything, but I reckon you don't understand the spec end of the resource sector at all, sorry but the above posts highlights this,

I suggest you stick to Blue Chips where many informed players keep the mkt efficient,

Good luck, but the spec end doesn't seem to be for you

I respect your effort on research.
Some of them are really good and proofed by the following market price movement but the only one has the right to judge whether I am fit here or not is Mr market. If he think I am not fit here, I would be kicked out. So as you.

Mozart56 · 20 April 2007

Ted said:
Just had a look at the YML chart on Comsec (all data). Can anyone tell me what happened to cause the SP collapse between '99 - 04.

Ted

Yeah - back door listing on old stock (Agro Holdings I think) Effectively started in '04

greggy · 21 April 2007

ta2693 said:
I also worried coz I believe the market is efficient in most case.

Hi ta2693,

When it comes to the spec end of the market I reckon that the market is anything but efficient and therein lies opportunity. Having been a lucky survivor now for 28yrs largely in the spec end, there are still quite a number of specs out there that have been well and truly overlooked. YML, BYR, HLX and ERL are prime examples IMO. I feel its a matter of searching hard for such stocks, stay up late doing considerable research, buying them at reasonable prices and then be patient. In terms of results YML has done quite well of late, its just that the market hasn't picked up on this as yet...And Yes ta2693, YT does put a lot of time into researching stocks and then generously shares this information with us. I certainly owe him a few stock suggestions to do some follow up work on. YT has a fine track record indeed.
DYOR

noirua · 21 April 2007

Ted said:
Just had a look at the YML chart on Comsec (all data). Can anyone tell me what happened to cause the SP collapse between '99 - 04.

Ted

Hi, The following link will take you to the presentation at the time Agro Holdings ( AHH ) became Yilgarn Mining ( YML ). Also mentions the 18 block exploration licence in the Laverton Tectonic Zone and the 50% interest in the Credo Join Venture: http://www.asx.com.au/asxpdf/reloaded/pdf/00400166.pdf

noirua · 21 April 2007

noirua said:
Hi, The following link will take you to the presentation at the time Agro Holdings ( AHH ) became Yilgarn Mining ( YML ). Also mentions the 18 block exploration licence in the Laverton Tectonic Zone and the 50% interest in the Credo Join Venture: http://www.asx.com.au/asxpdf/reloaded/pdf/00400166.pdf

If further interested, the original purchase of the Credo Joint Venture is contained in this link, at the bottom of page 75: http://www.harmony.co.za/im/files/20f/2004_harmony_20f.pdf (nb. 243 page download)

Ted · 22 April 2007

Thanks for the info and links guys, much appreciated.

Ted

Mozart56 · 24 April 2007

So with the quarterlys out of the way, is the general concensus that we shouldn't expect any announcements for at least 3 weeks? With the share price settling at just 23c on he back of that news, I think it is unlikely we'd expect much movement until then.

Interestingly there is a large buyer on the options side looking for 600,000 oppies at 3c (effectively valuing the stock at 28c). If no news is likely for 3 weeks, doesn't leave much time to end up in the black. The only logic here is leverage, but leaving it down to just a few weeks seems tight to me. Any thoughts?

YOUNG_TRADER · 24 April 2007

Mozart56 said:
So with the quarterlys out of the way, is the general concensus that we shouldn't expect any announcements for at least 3 weeks? With the share price settling at just 23c on he back of that news, I think it is unlikely we'd expect much movement until then.

Interestingly there is a large buyer on the options side looking for 600,000 oppies at 3c (effectively valuing the stock at 28c). If no news is likely for 3 weeks, doesn't leave much time to end up in the black. The only logic here is leverage, but leaving it down to just a few weeks seems tight to me. Any thoughts?

Mozart,

Over the next 2 months we can expect some announcements that should cause a share price re-rating, firstly Carr Boyd Feasibility and development options, see what happened to RML when they announced plans to extract value from their Nickel project,

Next the Nickel Laterite projects at Irwin Hills where MRE should announce testwork results,

Finally Marilliana, in terms of JORC drilling and/or JV partner

Any one of these three should cause the share price to be re-rated, Carr Boyd can't be too far off, its really well and truly overdue

Time will tell

Mozart56 · 24 April 2007

YOUNG_TRADER said:
Mozart,

Over the next 2 months we can expect some announcements that should cause a share price re-rating, firstly Carr Boyd Feasibility and development options, see what happened to RML when they announced plans to extract value from their Nickel project,

Next the Nickel Laterite projects at Irwin Hills where MRE should announce testwork results,

Finally Marilliana, in terms of JORC drilling and/or JV partner

Any one of these three should cause the share price to be re-rated, Carr Boyd can't be too far off, its really well and truly overdue

Time will tell

You're right about Carr Boyd. I just assumed that like everythig else it would be May before we heard anything about that. Hoping that the announce includes a nice NPV that could see the stock surge.

ALFguy · 24 April 2007

Mozart56 said:
You're right about Carr Boyd. I just assumed that like everythig else it would be May before we heard anything about that. Hoping that the announce includes a nice NPV that could see the stock surge.

They did say early may so don't expect anything until next week at the earliest.

That said, they mentioned 'early' May, so next week could see interest building.

As always, the impatient are selling again today

Mozart56 · 24 April 2007

ALFguy said:
They did say early may so don't expect anything until next week at the earliest.

That said, they mentioned 'early' May, so next week could see interest building.

As always, the impatient are selling again today

Good bargain buying for someone. Noticed that the 600,000 options buy at 3c is gone... I must have scared them off!

noirua · 25 April 2007

LInk to a report by Mineweb on Carr Boyd: http://www.mineweb.net/mineweb/view/mineweb/en/page36?oid=19852&sn=Detail

Mozart56 · 26 April 2007

Is that someone dumping their shares at 15c this morning? Must need the money quick!

gregcourageous · 26 April 2007

unless they know something we dont

Mozart56 · 26 April 2007

gregcourageous said:
unless they know something we dont

Let's pray it's just a gambling debt!

YML - Yilgarn Mining

YOUNG_TRADER

KIWIKARLOS

ALFguy

Trading gives me a headache

ta2693

YOUNG_TRADER

ta2693

Mozart56

greggy

noirua

noirua

Ted

Mozart56

YOUNG_TRADER

Mozart56

ALFguy

Trading gives me a headache

Mozart56

noirua

Mozart56

gregcourageous

Mozart56

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