YML - Yilgarn Mining
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I must confess I had nearly lost faith in this stock and consigned it to my "dogs" list. Bought a small parcel of oppies a couple of months ago and was fairly well consigned to having done my cash. But looking very good now. After all these years' involvement in the market, I still get surprised at how quickly an investment can turn around!
Sean K
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Why do you think it will hit 50, Fool? Need to explain these type of predictions here. Thanks! kennas
Sorry am new to this forum and share trading, would oppies been a better buy than shares on this one??
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Very close to all time high of 33c set back in January and the buying has just started IMO, looks like 20c will be a memory from now on, Carr Boyd should come out soon and then testwork results on Irwin Hills, finally drilling on Marilliana,
I knew it was only a matter of time before YML got re-rated and I also knew that rather than it being an update on 1 of its 3 company making projects it was going to be a wild card ann like this, Patersons intiating coverage and rating it as 1 of the best speculative buys in the current explorers market
Patersons attribute 40c to YML based on Carr Boyd alone, should YML be able to get an offtake for Marriliana who knows what the updated valuation target could be
I knew it was only a matter of time before YML got re-rated and I also knew that rather than it being an update on 1 of its 3 company making projects it was going to be a wild card ann like this, Patersons intiating coverage and rating it as 1 of the best speculative buys in the current explorers market
Patersons attribute 40c to YML based on Carr Boyd alone, should YML be able to get an offtake for Marriliana who knows what the updated valuation target could be
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Cheers for all your posts so far YT. Here's hoping for some slow and steady growth on this one over the coming months
Any thoughts on the logic behind the 40c valuation YT? Seems that they have been more conservative than you, and haven't taken full account of phases 2, 3 and beyond.
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He's a broker/analyst so same logic behind putting a target of $95/lb for Uraniium in 2007 with $100/lb in 2008, CONSERVATISM to the MAX!
3 veiws of a secret
3 veiws of a secret
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Lets not forget Paterson's position still remains Speculative.
But at least the market can read whats been stated on this thread.
But at least the market can read whats been stated on this thread.
Depends very much on your risk profile. Spend 30c to pick up a fully paid share, price goes to 40c, you make 10c profit or 33% on your 30c investment. Spend 5c to pick up 25c option, price goes to 40c, you make 10c or 200% profit on your 5c investment. But the options expire 30 June so there is a time constraint there. Price falls, you can lose the lot. The fully paid share you can hold until the second coming.
Leverage/return versus risk.
The options give you leverage, either allowing you to place less capital in the trade to get a certain absolute level of return, or to get a higher absolute level of return for the same overall capital outlay.
If new to share trading, I guess it would be wise to sacrifice a bit of upside for security and avoid the options that have such a short term to expiry, unless you fully understand and accept that risk of losing the whole investment if the price moves slightly against you at this late stage.
Yeah thanks I thought that was the case and not know how to execute the order if the time run out could have been a problem, that’s why I went the shares. What % stop loss would guys recommend for this stock and others? Does your stop loss vary depending on the how volatile the stock is?
explod
explod
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There are many formulas and as many ideas on setting a stop loss. I usually hold stock such as YML because, as aptly related by YT, it has good fundamentals. I do also consider technical stops at times. Hard to set one on YML as it has been fairly volatile of late. Some would set a stop after today at .26 as this was the recent resistance highs which come to be regarded as support. A look back over the chart for the past year os so validates this to some degree also. Others would have a trailing stop of between 2.5 and 5% but due to the volatility could be a bit tight. Lets face it today you have a 25% ramp which often attracts a considerable retracement the next day. Normally shorter term traders would have sold off towards the close of trade but as volume (though up today) is still low in the normal course of general standards (so not many short term traders around) the stock may hold near this level. Sooooo........this little is probably not much. As stated I am a hold but I also like to hold my gains so would be out well before .26
Finally a meaningful run since I started to hold.
Glad that I remained faithful over the last 2-3 months.
I was quite frustrated with the lack of volume recently, but things certainly turn around very quickly!
What would be the short-term prediction on YML now?
I'm hoping this is not one of those one-off spikes that die down after a while.
I bought in at 20.5 cents and sitting on a tidy profit now
Glad that I remained faithful over the last 2-3 months.
I was quite frustrated with the lack of volume recently, but things certainly turn around very quickly!
What would be the short-term prediction on YML now?
I'm hoping this is not one of those one-off spikes that die down after a while.
I bought in at 20.5 cents and sitting on a tidy profit now
Caliente
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amen brother, amen ^_^
Big move today, I hope this spike lasts longer than the last one - which died and left YML stranded for months...
Big move today, I hope this spike lasts longer than the last one - which died and left YML stranded for months...
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Was the 6 cent jump just realisation that YML had fallen too far, comments on being undervalued, or was it a bit more than that? Yilgarn have an interesting set of tenements and seem well set in contrast to the Aggro days. If I had a similar company I'd consider them as a useful asset.
i have been away from this board for long enough i suppose for most people to have forgotten my existence altogether, perhaps except for those i pissed off,
anyway i hung on to my YMLOs and am have come back mainly to thank YT just like a lot of other people on sharing his research with us wannabes,
thanks YT - im still oseas but one one day i WILL shout you a middie of the cheapest beer in the pub, i promise
see you all, and thanks egen YT
anyway i hung on to my YMLOs and am have come back mainly to thank YT just like a lot of other people on sharing his research with us wannabes,
thanks YT - im still oseas but one one day i WILL shout you a middie of the cheapest beer in the pub, i promise
see you all, and thanks egen YT
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Any chance that big option holders could be pushing this? Or is it all a result of the Pattersons rating?
Or is it all a result of the Pattersons rating?
explod
explod
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Yesterday, up 25%, volume rising the last few days but still very low in comparison to other active small caps.... and the selling is thinning out. Looks like the good fundamental are being appreciated at last. But I could be wrong, have been wrong before and will be wrong again. JMHO
3 veiws of a secret
3 veiws of a secret
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Question: Does Paterson's look after the YML account? Just curious, this was my first thought.....you see it fits cosy with the june 07 options expiry....
ps: no big issue really
ps: no big issue really
Just wanted to say thanks to YT for all his valued research. I have been looking at YML for a long time, and been a (small) holder for a little. Being an absolute rookie this is the first real gain I have seen in my portfolio and I hope to hold for further gains
