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YML - Yilgarn Mining

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Seems YML is having some action now... and the million share person is slowly breaking down ... I wounder if it's the same person as they where all bought at the same time... 12:08pm ? ... any thoughts ?
 
The 1mil seller being tested again. Might have to consider it's a genuine order or that they are willing to sell a % at that price before pulling.

That said, surely you wouldn't let the order sit there in case it got hit by a big buy - so I'm leaning towards it being genuine

Edit: 100k bid at 35c - looking like games now.
 
Its only has 10,000 shares taken out of it. no big deal just yet. If you really want to scare weak people into selling you'd let it take a few hits so people think its genuine.

Either way, Let the story unfold
 
I feel that this is just someone trying to stir some interest...all of a sudden theres an order to buy 100,000 @ 35c....next buy 32.5c Why?
 
Looks like he's not budging, well its better he gets cleared now than have him sell into the run!

Carr Boyd where art thou?
 
So Y_T are you planning to sell your holding at release of news if positive or hold medium to long term and pick up bigger gains in long term.

I'm still undecided might bail at first then pick up again as it meanders down before mariana news

(that is if it doesn't start a PDN like trend of continual small but constant gains
 
The order at 12.08 that traded up to 36c Cross Traded!

Majority of the buy order was at 35-35.5c with the last 9k trading at 36c being a cross trade

Very interesting
 
can someone expalin what a cross trade is, there is obviously somethig fishy with the .36 sell.

Bloody 100 character thing, Joe blow get rid of it
 
INORE said:
I feel that this is just someone trying to stir some interest...all of a sudden theres an order to buy 100,000 @ 35c....next buy 32.5c Why?
Click to expand...
The options aren't moving at all, I would have thought that they would be tracking closer to 10c as we're chomping through 35c/36c. A sign of games being played, or just too close to expiry?

m.
 
marklar said:
The options aren't moving at all, I would have thought that they would be tracking closer to 10c as we're chomping through 35c/36c. A sign of games being played, or just too close to expiry?

m.
Click to expand...

Wait till 36c get cleared,

HLXO JMSO all were the same didn't move much until big volume days then Karboom, be patient and wait for Carr Boyd
 
My theory. For now it seems to be working in the holders favour as the price does appear to be moving BUT after a spike from an announcement i feel that the 1000000 plus holder is going to offload...and i am sure that after a few more legit buys come in he will move his 36c package up the ladder some more....well...thats what i would do
 
marklar said:
The options aren't moving at all, I would have thought that they would be tracking closer to 10c as we're chomping through 35c/36c. A sign of games being played, or just too close to expiry?

m.
Click to expand...

How about this for a theory -

The trader holds a pile of options and trading his/her own shares to increase the options strike price before the dump the options then retract the heads? Only problem is that the oppies haven't moved. If we see more cross trades then this could be possibility? Thoughts?

Of course it could just be an insto moving funds around too
 
If he is really want to sell 1m shares, he should not display his intention.If I were him I will sell my position silently, otherwise I can not get the best result.YML is not very liquid share. If he is a professional trader, he should know this. I think he must be a person think YML worth at least 36c. His logic is like this, If you want it, pay 36c, If you do not want it, he does not really care.because he is very confident that YML worth at least 36 cents. It is another way to confirm the value of YML.
so I bet he will not sell below 36c. no need to worry. I still hold.
 
KIWIKARLOS said:
can someone expalin what a cross trade is, there is obviously somethig fishy with the .36 sell.

Bloody 100 character thing, Joe blow get rid of it
Click to expand...

I'd also like to know what a cross trade is? Can anyone elaborate? Pretty please... 100 characters... nearly there...
 
Not sure about the term cross trade. However I think it refers to the order for 37,000 shares placed at market price at 12:08. Therefore the 3-4 sellers each had there selling price and in order for the buyer to get 37,000 YML he had to buy them at their offered prices of 35 35.5 and 36.

Let me know if I'm wrong.
 
Bullion said:
I'd also like to know what a cross trade is? Can anyone elaborate? Pretty please... 100 characters... nearly there...
Click to expand...

I know the answer but if you search this forum thou shall find.....this ASF forum trader states it well.....
"a xt trade is simply when a broker has both the buyer and the seller. It can be either a pre-organised trade (as in one broker says to another broker i have 50T BHP to buy here is anyone a seller, they find a seller and they cross the stock) and then the operator puts the crossing through the market. The other one it can be is where a client of the firm is in the screen already buying stock and then the same firm gets a seller but for not the same volume as the buyer is looking for, thats when (if you worked on a trading floor) you would here the broker say to the operator "just hit the screen" ie, the seller trades to the buyer and whoever has more to work stays in the screen with the residual.

And no they dont have to tell the client is a cross trade, only if on the other side is the firms P book. Often they will though to see if the clients are ongoing sellers to try and get more business. XT's are what every broker looks for, getting the brokerage on both sides of the trade."

And show moves on......
 
Yep 3 views is correct, its a trade within a broker,

Whats interesting is that he is first sell now,

ie weak sellers appear to have dried up in that there aren't too many willing to sell below 36c!

And the buyers are happy to pop up at 34-35c!

I expect buying on Carr boyd feasibility to easily clear 36c and re-rate the stock to the level of potential producer with a sh-it load of spec appeal given Marilliana and Irwin Hills!
 
Carr Boyd report is running quite late now, its almost two weeks past the end of April which they have been saying in numerous announcements.

Last directors buy was 5th of Feb so its been way more than two weeks we are def clear for a price sensitive announcement
 
Why are these 100k buyers paying 34c and 35c? It smells of accumulation!

Wouldn't you sit back at 32c? top of the line? Why pay up surely the 1mil selling at 36c won't let it go through

Unless of course you know that the 1mil sell will get pulled soon,

I still think its a capper who's accumlating
 
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