This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

YML - Yilgarn Mining

Jump to new
yeah i tentativly put my holding for sale past that 1000000 but if we get a trading halt im sure the buy side will spike unbelievably high before evening out a little, just wish i had bought more at a lower price i just cant bring myself to pay 34 c :

My prediction is a max price of between 75-80 if its a good announcement, especiall when VMS spikes to 62 c on the back of nothing
 

YT, I reckon that the 50% profit margin for the toll treatment is probably quite a bit more than what it may cost YML. I read a couple of weeks ago in the SMH that the average cost in Australia for Nickel treatment is about $6.50AUD per lb or about $14,300 AUD per tonne. Not sure how much YML will have to pay a third party on top of this amount for processing, but I hope it's not another $16,000 per tonne! (based on current Nickel price of about $60K AUD per tonne). Still, better to be conservative estimating returns.
 
well the 1000,000 shares have been broken !! .. hmmm they only bought 500 shares....well this has just jumped... will be interesting to watch, i wounder if he will pull some or they will all go...
 
36 BEEN TESTED !!!!!!

Lets see whats happens from here, the sell side is one of the thinnest ive ever seen.
 
1mil seller getting hit and hasn't been pulled

That's very strange, but if it gets chomped up, it'll show considerable strength.
 
KIWIKARLOS said:
36 BEEN TESTED !!!!!!

Lets see whats happens from here, the sell side is one of the thinnest ive ever seen.
Click to expand...

Tested by just 500 shares. Did someone buy at market? or is our friend on 1 million shares trying to boost the sp?

You are right though, still a very thin sell side which is promising.
 
More sellings lining up before the 1 Million order... now

I was waiting for some interesting reaction then.....

Damn didn't really get to see the 1 million pull back at all, maybe it is genuine

Hypnotic
 
Maybe instead of pulling the 1000000 off he simply placed a few under it and started accumulating again?
 
Ruprect said:
Tested by just 500 shares. Did someone buy at market? or is our friend on 1 million shares trying to boost the sp?

You are right though, still a very thin sell side which is promising.
Click to expand...

Wow - SP is doing some very strange things at the moment. Anyone with some greater visibility out there have any idea what is happening? Is it the same buyer and seller playing games?
 

So current Ni price = $24 USD lb = $30 AUD lb, per your figures nickel treatement = $6.50 lb add another 100% for toll treatment cost = $13 lb Margin Still = $17 lb ie greater than 50%, the total treatment cost can jump to alot more than $15 lb and still be a 50% margin because don't forget the Copper Credits!

Also guys 500 shares were bought at 36c, hardly the sort of buying that would scare a capper into selling

What will be interesting is if all of a sudden the order magically rounds up to or greater than 1 million, that will be a claer signal its a capper as somehow being just under 1m isn't the same as being 1m or bigger
 
Maybe this guy is reading the forums and toying with us to see what our reactions are... Playing us like puppets!

What is the likelyhood of going into a Trading halt vs just issuing the ann?
 
Certainly having the effect of scaring a few weak holders....tut tut.
Apart from the 1mil seller, there's really very little on offer.

My only worry is that there seems to be a fair few on this site with high expectations of the next ann rocketing the price. If this doesn't happen in the short term, we could see a pull back - as per previous announcements.
 
Indeed there is risk but at least carr boyd was a operating nickle mine back when prices were low shows that the potential is indeed better than a few holes in the ground. On top of that it has good press which very spec stocks generally don't get.
 
PS dont forget there aint much green out there today. YML is one of the few stocks that isn't going backward.
 
I might buy those 30k units just to leave it there by itself. It would be worth it to see that parcel sitting there as next cab off the rank.

Any one want to go me halves in the rest?
 
Drop the bomb!! it will certainly stop the rest of us wondering. Hey i don't understand why anyone would want to cap the shares, whats the benefit of doing so? Wouldn't old mate holding the 1 mil want to to go up as quick as possible for a quick sale? What happens if ann comes out, he is off getting a coffee and all his 1 mil get snapped up??? Unlucky?
 
Its confusing but here's my thinking

1. 1m shares in a company like YML is a very large holding, so whoever it is you'd think they knew there stuff to punt so large on such a small cap undiscovered stock

2. The same sell order was there in January and at 36c all though it pulled

3. If you were seriously looking to exist such a large position you wouldn't do it like that

Why would somone want to cap the stock? Well look how thin the sell depth i, if it weren't for that order it would be even thinner, so its a sure way to accumualte more at a price below 36c
 
I agree and chances are they are a substancial holder with alot more than 1000000 shares in holding, I choose to see this as a good sign.

Has to have been almost two weeks now since directors buying
 
KIWIKARLOS said:
I agree and chances are they are a substancial holder with alot more than 1000000 shares in holding, I choose to see this as a good sign.

Has to have been almost two weeks now since directors buying
Click to expand...

Well. let's hope it is not Directors selling... would be very surpirised as there is no history of any director selling a single share to my knowledge.
 
desyner said:
i sold
(dumped) 400 000 exactly today, bought them all yesterday.

question: if i had not bought them what would have been the result.
Click to expand...

perhaps it is Desyner messing with our heads again....
Desyner....have you any thoughts or comment on the 1000000 @ 36c...?
 
You must log in or register to reply here.

Similar threads

T
GAL - Greater Asia Investments
Replies
4
Views
5K
Miner
T
MXD - Matrix Gold
Replies
0
Views
5K
Trader Paul
T
T
NTL - New Talisman Gold Mines
Replies
6
Views
6K
System
T
TCG - Turaco Gold
2 3 4
Replies
62
Views
20K
mullokintyre
T
GJT - Galileo Japan Trust
Replies
2
Views
5K
System
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...