YML - Yilgarn Mining

[YOUNG_TRADER]

Someone just bought 400k opies at 8c!

Someone else has also exercised 140k opies at 25c to convert it to shares, getting ready for Carr Boyd no doubt

 

[YOUNG_TRADER]

See this is what I'm talking about, if you had 10k share why would you line up behind a 970k wall at 36c? Why not just sell at 35c?

Something is up, it looks to me as if someone is trying to add to the wall to get it back up to 1mil

 

[KIWIKARLOS]

Im lined up behind the wall simply so that if there is a trading halt and buy side goes very high i have first dips on selling at open of trading.

For this to work i am banking on the 1000000 dissapearing at time of halt and then a large price spike on reinstatement of trading, which happens so often as day traders pick up early hoping for a continued run.

Down side is if it does run higher after initial open I lose out

 

[motion]

Well there is now an order at 37c will be interesting to see if this go's through.... funny it happened when trade finished....

 

[rico01]

Looks like at the close half of the sell @ 36 c will be taken up in the end of day auction.........................I think!

 

[motion]

wow it's just about gone... so we might see a trading holt tomorrowthis is very interesting....... anyone else catch this ??

 

[ALFguy]

Nice close, but very confusing. What does everyone make of the fact that someone was happy to offload $360k if the sp is likely to go higher?

 

[gregcourageous]

Well there is now an order at 37c will be interesting to see if this go's through.... funny it happened when trade finished....

No Chance, just someone trying to ramp things up surely?

YT the way i understand this capping thing is that old mate with 1mil shares wants more, but no one is willing to really sell large amounts for under 36 cents, he is hoping big holders who aren't willing to gamble on carrboyd dump their holding at .35 because they don't want to be in the que behind 1m, old mate million drops a few more bombs and what a beauty, his capping works a treat, is that correct???
1 million shares is 16% of whats available which is a massive holding, correct?

 

[YOUNG_TRADER]

OMG!

Did you see the buyers just sitting and waiting!

That was crazy, absolutley crazy, 700k bought at 36c!

That seller is all but gone, he was genuine, unbelievable!

 

[Sean K]

Nice close, but very confusing. What does everyone make of the fact that someone was happy to offload $360k if the sp is likely to go higher?

Looks like the 1m seller wasn't a capper and a couple of punters were willing to take the stock. I can't draw any conclusions from that.

 

[YOUNG_TRADER]

Looks like the 1m seller wasn't a capper and a couple of punters were willing to take the stock. I can't draw any conclusions from that.

You can draw something huge from what just happened, buyers were waiting of screen No Doubt about it,

They were waiting off screen and once a few orders looked like they would buy 36c the orders pilled on,

Someones watching YML closely,

Look at the sell depth, once 36c is cleared and I have a feeling there's plenty of buyers waiting off screen,

Will find out if this was Pato's buying

 

[mrWoodo]

For all we know, he could have been accumulating for the past few months between 20-22c. Offloading at 36 and pocketing 160k for 2 months work!

 

[Sean K]

Nice cup and handle. Actually finished at 36 today, not seen on this chart, so even better. Should finish cup and handle breakout at 40 cents.

On that close will gap up in the morning I think. Good for current holders!!

Not me.

 

[YOUNG_TRADER]

Today YML closed at an all time high, 700k bought at 36c an all time high and I found out that it was Pato's buying

700k at 36c = $180k

Tomorrow should see some interesting action

 

[stoxclimber]

What's $72,000 between friends?

With that much snapped up, looks good for the open tomorrow!

 

[3 veiws of a secret]

For all we know, he could have been accumulating for the past few months between 20-22c. Offloading at 36 and pocketing 160k for 2 months work!

Mr Woodo I think your spot on in fact, I think this trader was reeling in the shares @ 19 cents circa and with all the talk of Carr Boyd the punter took his profit.It doesn't matter if its 10K or 100K or 1million being bought or sold - who really cares. Every person on this forum is assuming Carr Boyd is going to bring home the beans (which it might do), but also it might not.
There are many spec stocks that have been gambled on, some punters have been burnt (I have been one of them in the past), but I also think the fun-dal-mentals of YML have a positive slant. I'm happy to focus on the announcement, perhaps I'm too cautious but who cares. Plus I did say previously that the 1 million line was no big issue I feel content with my comment @ close of play.

 

[YOUNG_TRADER]

I have a feeling that the pre-open buying tomorrow will be big,

And 3 Views I will be very surprised if Carr Boyds NPV is less than $150m, YML can earn up to 90% of that = $135m that would = $1.70ish

Plenty of upside mate,

And Marilliana, I've gone on and on about it but just wait and see, by the end of this year I expect Marilliana to have taken YML to $1+

 

[Fool]

I feel good about tomorrow as well.

I think Paterson's rating has done good things for this share.

Will be interesting to see if the SP holds it's ground though, there are enough people who will have doubled their money on this one & will be more then happy to get out while the going is good (ie, that 1mil @ .36).

I am going to hold for the long term though. Will set my stop losses and forget about YML for 12 months

Thanks again YT for all your analysis!

 

[motion]

Good Morning Guys,

Well looks like it's going to be an interesting day... There are already some big orders in for YML this morning and looks like it will clean out the rest of the 36c if they go through... So this will be an very interesting morning if they are not pulled....

lets see what happens..... = ....

 

[Crash]

And Marilliana, I've gone on and on about it but just wait and see, by the end of this year I expect Marilliana to have taken YML to $1+

Is that on its own irrespective of Carr Boyd?

I am going to get the slow clap going for the CB report, feel free to join in.

Glad to see the Million pretty much wiped off by this a.m.