How's your account holding up there? Doesn't look like you made too much money on that deal! Looking at the course of trades over the last two days
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YML - Yilgarn Mining
- Thread starter yogi-in-oz
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How's your account holding up there? Doesn't look like you made too much money on that deal! Looking at the course of trades over the last two days
:How's your account holding up there? Doesn't look like you made too much money on that deal! Looking at the course of trades over the last two days
LOL yeh i know.......
Not exactly something i would post on a public forum!
(and wats with the 100characters a post thing??)
explod
explod
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Goes to show that punters in fact have no effect on a good stock. It would appear that cold feet set in. Proper research takes away doubt and leads to success in the market. YT's contibution is excellent but in spite of that you have to do your own research, (Warren Buffet's mantra, read one of his books) which I notice is reinforced time and again on these forums
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Am surprised at this,
Were you day trading it? ie you couldn't afford to hold the position? With Carr Boyd due out early May and well its early May you'd think you would have given it a week or so
I bought as a short term hold after reading YT's posts.
Tuesday morning the price was only heading one way so rather than getting stuck with a unsaleable volume of shares i sold whilst the buy volume was still there. profit was 3456 i did sell 50000 on open.
Tuesday morning the price was only heading one way so rather than getting stuck with a unsaleable volume of shares i sold whilst the buy volume was still there. profit was 3456 i did sell 50000 on open.
Im in today at 28.5c
I missed the boat last week grrrr
but ill catch the last part of the ride
Hopefully not long till Carr Boyd
"Last art of the ride" - I'm hoping we haven't even had the first part of the ride yet. Optimisitically I'm hoping that there will be 3 rides as news on each of the big 3 is presented in the coming weeks/months.
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I will be very surprised if YML is under $1 come year end,
Why?
Well look at BCI it has 60m shares on issue and has today risen to $1.37 Mkt Cap = $80m+ on news of a discovered iron ore channel that avgs 10m thick grading 57% Fe from near surface,
In contrast YML has a 30Mt estimate that will soon be jorc'd (if drilling goes right) and two other Nickel JORC soon to be in production projects and has 60m shares + 20m options yet sits at 28c,
The re-rating will come as the mkt appreciates its projects and I believe 1 re-rating is around the coner re Carr Boyd Feasibility study
Why?
Well look at BCI it has 60m shares on issue and has today risen to $1.37 Mkt Cap = $80m+ on news of a discovered iron ore channel that avgs 10m thick grading 57% Fe from near surface,
In contrast YML has a 30Mt estimate that will soon be jorc'd (if drilling goes right) and two other Nickel JORC soon to be in production projects and has 60m shares + 20m options yet sits at 28c,
The re-rating will come as the mkt appreciates its projects and I believe 1 re-rating is around the coner re Carr Boyd Feasibility study
ALFguy
Trading gives me a headache
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In their end of year (2006) quarterly, Carr Boyd is mentioned as having an in-ground value of about $400m based on LME nickel and copper as at 16th Jan 2007.
Given they expect to upgrade most of the inferred to indicated and the increase in both nickel and copper prices, the announcement is likely to show a JORC resource of over half a billion $.
Even with only a 51% interest, that alone should justify an sp in excess of $1.
I expect FS no later than end of next week so certainly wouldn't be selling now.
Given they expect to upgrade most of the inferred to indicated and the increase in both nickel and copper prices, the announcement is likely to show a JORC resource of over half a billion $.
Even with only a 51% interest, that alone should justify an sp in excess of $1.
I expect FS no later than end of next week so certainly wouldn't be selling now.
Well, if no re-rating then we will just have to accept a dividend of 80c/share on the YML's profts .. I can live with that
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I would be careful with the option expiry only a little while away, admittedly only about 11million options on issue but I've noticed in various companies with share prices close to the expiry price that the share price drops leading into the expiry of the options as holders sell shares to exercise options.
Still watching these though and the options
Still watching these though and the options
Caliente
Black Gold!
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"but I've noticed in various companies with share prices close to the expiry price that the share price drops leading into the expiry of the options as holders sell shares to exercise options."
good point bvbfan, when is the expiry date?
good point bvbfan, when is the expiry date?
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oops just realised my mistake
it should say exercise price not expiry price....I blame the time of night
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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
Interesting, in the disclaimer for the quarterly report it suggests that the competent person who provided information for the report was a Mr Paterson. Coincidence?
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oops just realised my mistake
it should say exercise price not expiry price....I blame the time of night
Is there any instances when share price goes beyond the option exercise price?
sorry for the newb question
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Collin Paterson is a director and all round nice guy, no connection to Paterson securities,
Re Options, all I can say is we'll wait and see, I made a fortune on JMSO and HLXO both with less than 2 months till expiry, so again I say we'll wait and see
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Thanks YT for the clarification - just coincidence. Just noticed the surname and spelling when I looked over that report again last night. Have a feeling its going to be a good day......but I have been wrong before.
Is there any instances when share price goes beyond the option exercise price?
??
An option's exercise price will normally be set at a level equal or above the current share pricee.
Options would rarely get exercised if the share price never exceeded the option price! The company would normally be aiming to get it's share price above the exercise price so it can either reap the exercise cash, or so the holders (often directors and execs) can get a benefit from their options.
Ultimately the share price will have little relationship to the exercise price of the option, though, once the issue of the options is done and dusted. Witness Bannermans 6.67c options, with the shares now at $3.35 or so!
