YML - Yilgarn Mining
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150,000 in buy orders @.36 just disappeared - definitely some jockeying before the gates open this morning.
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My gut tells me some large off screen buys will sewwp at the last moment, lets wait and see shall we
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YT You where right .... it's like watching money growing on a tree....seems to be alot of interest this morning with the price rising before opening...
Like I said previously I plan on holding this one for the long term - it's only going to go upwards, there might be some profit taking on the way but that won't make any difference in the long term.
Look at the spread of shares, 75% of the shares are owned by the one group of people - it's being held tightly!
Look at the spread of shares, 75% of the shares are owned by the one group of people - it's being held tightly!
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So what let them take profits, if your fearing sell and take profits too, YML has now begun to re-rate itself as a potential producer,
Gone are the days where I had to on my own wave the flag for them, now Patersons are covering it and they rate as one of their best spec buys, Pato analysts have told me once the feasibility is released YML will become a buy, not a speculative buy
Hartleys are also following it,
I don't care what the mkt does today, analysts and brokers who aren't weak are now covering this stock, so its Multi Hundred Million dollar assets will get appreciated soon
I'm with you YT. I first bought this stock December 05 and have been a believer since then. Managed to scoop a bundle up at 13c. I'm not selling yet. That Fe ground has the potential too see its value rise exponentially. This has been a long time coming... and worth the wait, but the best is yet to come.
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As I missed selling out on another stock, I just couldn't resist the temptation to sell for a second time, as I regard this stock as a cut-and-run situation. Hope it goes on up and you make big bucks and i regret selling - Good Luck
Thanks YT. The temptation to let go and be happy with the profit is high. But I do see the point in holding for longer. And I think the days trading so far is giving me a lot more confidence.
Being a rookie like me is scary when you see bigger numbers in your account
Being a rookie like me is scary when you see bigger numbers in your account
Caliente
Black Gold!
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YML punching well above its weight this morning...
+14% atm, albeit on moderate volume.
Small-medium players are getting settled in, but given YML's past history of handling spikes, I'm predicting a significant see-sawing on the price action, ending the day with a leg up...
+14% atm, albeit on moderate volume.
Small-medium players are getting settled in, but given YML's past history of handling spikes, I'm predicting a significant see-sawing on the price action, ending the day with a leg up...
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Just a reminder on YML's fundamentla analysis, I am happy to have people poke any holes they like in my research but I think even the most sceptical would have to agree YML is seriously undervalued,
Mkt Structure
Shares
60m + 20m 25c 30/6/07 options
Fully Diluted Mkt Cap
@20c = $12m
@30c = $24m
@40c = $32m Current
@50c = $40m
@$1 = $80m Target
Cash
$4.5m + $5m if options are exercised
Projects
1. Rose Dam
Used this Gold project to generate $6.6m in cash, good cash cow and shows management knows how to get a project going
2. Irwin Hills JV YML-40% MRE-60%, Nickel, In W.A.
JORC 20Mt@ 1%Ni (Nickel) + 0.12%Co (Colbat)
High levels of Chloride so having trouble getting MRE to agree to Toll Treatment at its Murrin-Murrin Plant, although its Laterite Nickel its not that bad as MRE is the Laterite King!
MRE stated in their last Qtrly that "Preliminary mining studies are underway to determine the viability of direct trucking of ore to Murrin Murrin plant"
The cobalt upgrade pilot scale testwork is proceeding and will be reported upon once results are to hand
3. Carr-Boyd YML earning 51% from TIR (Now part of CSM Cons-Min) can earn up to 90%
JORC 600Kt's@ 1.4%Ni + 0.5%Cu all within 100m of the surface so open pittable!
Using an EV of $5 lb Nickel and $2 lb Cu this first pass JORC gives the deposit an In Ground Value of over $150m
The Company expects to receive the results of this Study by early May
4. Marillana 100% interest, Iron Ore, In W.A. 2kms from BHP’s Brockman Deposit 225Mt@ 60% Fe This project is the SPEC KILLER! Its an Iron Ore tenement 2kms west of the Brockman Deposit (225Mt@ 60% Fe) Its old Hamersley Ground who outline a STRIKE OF 10KM's! Grading an avg 60% Fe! Width is probably 350m avg and thickness of the Iron Ore is 15m.
Initial JORC Estimate was 30Mt@58.4%Fe but this was from a very small portion the lease, I estimate it could be as big as 10kms x 350m wide x 15m thick = 240Mt@58%Fe
The in-fill drill programme, with the objective of establishing a JORC compliant resource in the North-West Sector, is scheduled to begin in late May, 2007. The current mineralisation estimate for the North-West Sector is 30Mt grading 58.4% Fe.
Mining Study
An independent mining consultant has carried out a preliminary open pit mining assessment with the objective of indicating stripping ratios and mining costs that could be applicable to the North-West Sector (based on the current mineralisation estimate). The assessment indicated a stripping ratio (overburden : mineralisation) of approximately 4:1 and an overall mining cost of $7.60 per tonne (i.e. per tonne of the 30Mt mineralisation estimate). This assessment takes into account the “free digging” nature of the “valley-fill” material overlying the mineralised zone.
The Company has received several preliminary enquiries from Chinese steel mills regarding ore sales (DSO and beneficiated products) and/or possible participation in the project.
5. Other Spec projects
East Sunrise 100% interest, Gold, 35 kms south of Laverton
Historical exploration has returned promising drill intersections including 14m at 10.2 gpt gold. Further drilling is planned for early 2007. Just food for thought.
Kanowna South Earning 70%, Gold, W.A. Drilling to commence shortly,
Plumridge Earning 60%, Mineral Sands, W.A.
JV with Western Areas
Looking to do some drilling in 2007
Byro Farmed out 70% Free carried 30% up to $1m exp, Nickel & Copper, W.A.
Mithrill farmed in and should do some drilling by 2nd Qtr 07, following up on oxide intersections of Nickel & Copper,
Ravensthorpe 100%, Base metals, W.A. Grounds near BHP's Ravensthorpe project, apparantly prospective for Zinc/Lead,
Attributable Value
Irwin Hills @$5lb Ni =$100m, YML 40%= $40m
Remember Laterite (low grade) No Cap-Ex as can be treated at JV partner MRE's Murrin Murrin Plant,
Carr Boyd @ $5lb Ni + $2lb Cu = $150m, YML's up to 90%= $135m
JV with Cos Min, Excellent Open Pittable Options and scoping study due very soon!
Marilliana 30Mt@57%Fe @ $45t= $770m,
Elephant Ground, possibly only 5% of total size, excellent Infrastructure with BHP Rail Running Straight passed deposit! 50m of top soil, drill results due soon. Current Iron ore prices $75+/t estimated cost = $7.6/t Margin = $65+ t yet I'm only using $45
Total = Approx $950m or $11.80c a share
Right now the stock is still trading at 3.5% of this possible value, I think it deserves at least 10% if not more = $1.18
YML Fundamental Analysis
Mkt Structure
Shares
60m + 20m 25c 30/6/07 options
Fully Diluted Mkt Cap
@20c = $12m
@30c = $24m
@40c = $32m Current
@50c = $40m
@$1 = $80m Target
Cash
$4.5m + $5m if options are exercised
Projects
1. Rose Dam
Used this Gold project to generate $6.6m in cash, good cash cow and shows management knows how to get a project going
2. Irwin Hills JV YML-40% MRE-60%, Nickel, In W.A.
JORC 20Mt@ 1%Ni (Nickel) + 0.12%Co (Colbat)
High levels of Chloride so having trouble getting MRE to agree to Toll Treatment at its Murrin-Murrin Plant, although its Laterite Nickel its not that bad as MRE is the Laterite King!
MRE stated in their last Qtrly that "Preliminary mining studies are underway to determine the viability of direct trucking of ore to Murrin Murrin plant"
The cobalt upgrade pilot scale testwork is proceeding and will be reported upon once results are to hand
3. Carr-Boyd YML earning 51% from TIR (Now part of CSM Cons-Min) can earn up to 90%
JORC 600Kt's@ 1.4%Ni + 0.5%Cu all within 100m of the surface so open pittable!
Using an EV of $5 lb Nickel and $2 lb Cu this first pass JORC gives the deposit an In Ground Value of over $150m
The Company expects to receive the results of this Study by early May
4. Marillana 100% interest, Iron Ore, In W.A. 2kms from BHP’s Brockman Deposit 225Mt@ 60% Fe This project is the SPEC KILLER! Its an Iron Ore tenement 2kms west of the Brockman Deposit (225Mt@ 60% Fe) Its old Hamersley Ground who outline a STRIKE OF 10KM's! Grading an avg 60% Fe! Width is probably 350m avg and thickness of the Iron Ore is 15m.
Initial JORC Estimate was 30Mt@58.4%Fe but this was from a very small portion the lease, I estimate it could be as big as 10kms x 350m wide x 15m thick = 240Mt@58%Fe
The in-fill drill programme, with the objective of establishing a JORC compliant resource in the North-West Sector, is scheduled to begin in late May, 2007. The current mineralisation estimate for the North-West Sector is 30Mt grading 58.4% Fe.
Mining Study
An independent mining consultant has carried out a preliminary open pit mining assessment with the objective of indicating stripping ratios and mining costs that could be applicable to the North-West Sector (based on the current mineralisation estimate). The assessment indicated a stripping ratio (overburden : mineralisation) of approximately 4:1 and an overall mining cost of $7.60 per tonne (i.e. per tonne of the 30Mt mineralisation estimate). This assessment takes into account the “free digging” nature of the “valley-fill” material overlying the mineralised zone.
The Company has received several preliminary enquiries from Chinese steel mills regarding ore sales (DSO and beneficiated products) and/or possible participation in the project.
5. Other Spec projects
East Sunrise 100% interest, Gold, 35 kms south of Laverton
Historical exploration has returned promising drill intersections including 14m at 10.2 gpt gold. Further drilling is planned for early 2007. Just food for thought.
Kanowna South Earning 70%, Gold, W.A. Drilling to commence shortly,
Plumridge Earning 60%, Mineral Sands, W.A.
JV with Western Areas
Looking to do some drilling in 2007
Byro Farmed out 70% Free carried 30% up to $1m exp, Nickel & Copper, W.A.
Mithrill farmed in and should do some drilling by 2nd Qtr 07, following up on oxide intersections of Nickel & Copper,
Ravensthorpe 100%, Base metals, W.A. Grounds near BHP's Ravensthorpe project, apparantly prospective for Zinc/Lead,
Attributable Value
Irwin Hills @$5lb Ni =$100m, YML 40%= $40m
Remember Laterite (low grade) No Cap-Ex as can be treated at JV partner MRE's Murrin Murrin Plant,
Carr Boyd @ $5lb Ni + $2lb Cu = $150m, YML's up to 90%= $135m
JV with Cos Min, Excellent Open Pittable Options and scoping study due very soon!
Marilliana 30Mt@57%Fe @ $45t= $770m,
Elephant Ground, possibly only 5% of total size, excellent Infrastructure with BHP Rail Running Straight passed deposit! 50m of top soil, drill results due soon. Current Iron ore prices $75+/t estimated cost = $7.6/t Margin = $65+ t yet I'm only using $45
Total = Approx $950m or $11.80c a share
Right now the stock is still trading at 3.5% of this possible value, I think it deserves at least 10% if not more = $1.18
Page 1 of 2
YILGARN MINING LIMITED
ABN 73009372150 Top Holders Daily
as at 02 Feb 2007
Top 20 Holders of ORDINARY SHARES (GROUPED)
*G1 / ORDINARY SHARES (GROUPED)
Rank Name Units
% of Issued
Capital
1 LONGFELLOW NOMINEES PTY LTD
<NORGARD SUPER FUND A/C>
PO BOX 7191 CLOISTERS SQUARE WA
5,918,015 9.90
2 MR ROSS STEWART NORGARD 59 KEANE STREET PEPPERMINT GROVE WA 3,942,946 6.59
3 ANZ NOMINEES LIMITED
<CASH INCOME A/C>
GPO BOX 2842AA MELBOURNE VIC
3,804,983 6.36
4 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 4224 MYAREE BC WA 3,600,000 6.02
5 LONGFELLOW NOMINEES PTY LTD
<THE AEOLUS A/C>
C/- MR ROSS NORGARD PO BOX 7191 CLOISTERS SQUARE WA
3,225,000 5.39
6 MR DAVID RICHARD LEE BURT 10 VENN STREET PEPPERMINT GROVE WA 3,001,626 5.02
7 HSBC CUSTODY NOMINEES
<AUSTRALIA>
GPO BOX 5302 SYDNEY NSW
1,818,548 3.04
8 M/S CHRISTINE ELIZABETH BURT 10 VENN STREET PEPPERMINT GROVE WA 1,789,705 2.99
9 NATIONAL NOMINEES LIMITED GPO BOX 1406 MELBOURNE VIC 1,558,745 2.61
10 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 4224 MYAREE BC WA 1,351,437 2.26
11 MS ARLENE FAYE PATERSON 8 BASILDON ROAD LESMURDIE WA 979,246 1.64
12 MR COLIN PATERSON 8 BASILDON ROAD LESMURDIE WA 960,000 1.61
13 BELIKE NOMINEES PTY LIMTED GPO BOX 4294 SYDNEY NSW 782,062 1.31
14 MR ANDREW RICHARD LEE BURT 10 VENN STREET PEPPERMINT GROVE WA 742,727 1.24
15 MR PETER DAVID LEE BURT 56 MANNING STREET MOSMAN PARK WA 742,727 1.24
16 MRS JACQUELINE ELIZABETH MARINKO 39 SUDBURY WAY CITY BEACH WA 742,727 1.24
17 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 7197 CLOISTERS SQUARE WA 548,563 0.92
18 DAVID RICHARD BURT + CHRISTINE ELIZABETH BURT
<OTTO SUPER FUND A/C>
PO BOX 1229 SUBIACO WA
500,000 0.84
19 MR NORMAN DAVID VIRGO + M/S ELIZABETH JANE VIRGO
<VIRGO SUPERANNUATION FUND>
16A VICTORIA AVENUE CLAREMONT WA
420,000 0.70
20 400,000 0.67
this was the top twenty shareholders recently, Will be interesting to see how they have changed over the last two months
Is number 11 &12 from that stockbroking firm I wonder!!!
YILGARN MINING LIMITED
ABN 73009372150 Top Holders Daily
as at 02 Feb 2007
Top 20 Holders of ORDINARY SHARES (GROUPED)
*G1 / ORDINARY SHARES (GROUPED)
Rank Name Units
% of Issued
Capital
1 LONGFELLOW NOMINEES PTY LTD
<NORGARD SUPER FUND A/C>
PO BOX 7191 CLOISTERS SQUARE WA
5,918,015 9.90
2 MR ROSS STEWART NORGARD 59 KEANE STREET PEPPERMINT GROVE WA 3,942,946 6.59
3 ANZ NOMINEES LIMITED
<CASH INCOME A/C>
GPO BOX 2842AA MELBOURNE VIC
3,804,983 6.36
4 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 4224 MYAREE BC WA 3,600,000 6.02
5 LONGFELLOW NOMINEES PTY LTD
<THE AEOLUS A/C>
C/- MR ROSS NORGARD PO BOX 7191 CLOISTERS SQUARE WA
3,225,000 5.39
6 MR DAVID RICHARD LEE BURT 10 VENN STREET PEPPERMINT GROVE WA 3,001,626 5.02
7 HSBC CUSTODY NOMINEES
<AUSTRALIA>
GPO BOX 5302 SYDNEY NSW
1,818,548 3.04
8 M/S CHRISTINE ELIZABETH BURT 10 VENN STREET PEPPERMINT GROVE WA 1,789,705 2.99
9 NATIONAL NOMINEES LIMITED GPO BOX 1406 MELBOURNE VIC 1,558,745 2.61
10 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 4224 MYAREE BC WA 1,351,437 2.26
11 MS ARLENE FAYE PATERSON 8 BASILDON ROAD LESMURDIE WA 979,246 1.64
12 MR COLIN PATERSON 8 BASILDON ROAD LESMURDIE WA 960,000 1.61
13 BELIKE NOMINEES PTY LIMTED GPO BOX 4294 SYDNEY NSW 782,062 1.31
14 MR ANDREW RICHARD LEE BURT 10 VENN STREET PEPPERMINT GROVE WA 742,727 1.24
15 MR PETER DAVID LEE BURT 56 MANNING STREET MOSMAN PARK WA 742,727 1.24
16 MRS JACQUELINE ELIZABETH MARINKO 39 SUDBURY WAY CITY BEACH WA 742,727 1.24
17 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 7197 CLOISTERS SQUARE WA 548,563 0.92
18 DAVID RICHARD BURT + CHRISTINE ELIZABETH BURT
<OTTO SUPER FUND A/C>
PO BOX 1229 SUBIACO WA
500,000 0.84
19 MR NORMAN DAVID VIRGO + M/S ELIZABETH JANE VIRGO
<VIRGO SUPERANNUATION FUND>
16A VICTORIA AVENUE CLAREMONT WA
420,000 0.70
20 400,000 0.67
this was the top twenty shareholders recently, Will be interesting to see how they have changed over the last two months
Is number 11 &12 from that stockbroking firm I wonder!!!
- Joined
- 18 February 2006
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- 2
As I have said before Colin Paterson is a director of the company, Arelene would be his wife stop confusing them with Paterson Securities
This did not pop up on Patersons radar until this month, which given that the top 20 hold 75% means that Patersons to get a stake must fight over the remaining 25%,
Also where did you pull this list from Ricco
This did not pop up on Patersons radar until this month, which given that the top 20 hold 75% means that Patersons to get a stake must fight over the remaining 25%,
Also where did you pull this list from Ricco
Page 1 of 2
YILGARN MINING LIMITED
ABN 73009372150 Top Holders Daily
as at 02 Feb 2007
Top 20 Holders of ORDINARY SHARES (GROUPED)
*G1 / ORDINARY SHARES (GROUPED)
Rank Name Units
% of Issued
Capital
1 LONGFELLOW NOMINEES PTY LTD
<NORGARD SUPER FUND A/C>
PO BOX 7191 CLOISTERS SQUARE WA
5,918,015 9.90
2 MR ROSS STEWART NORGARD 59 KEANE STREET PEPPERMINT GROVE WA 3,942,946 6.59
3 ANZ NOMINEES LIMITED
<CASH INCOME A/C>
GPO BOX 2842AA MELBOURNE VIC
3,804,983 6.36
4 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 4224 MYAREE BC WA 3,600,000 6.02
5 LONGFELLOW NOMINEES PTY LTD
<THE AEOLUS A/C>
C/- MR ROSS NORGARD PO BOX 7191 CLOISTERS SQUARE WA
3,225,000 5.39
6 MR DAVID RICHARD LEE BURT 10 VENN STREET PEPPERMINT GROVE WA 3,001,626 5.02
7 HSBC CUSTODY NOMINEES
<AUSTRALIA>
GPO BOX 5302 SYDNEY NSW
1,818,548 3.04
8 M/S CHRISTINE ELIZABETH BURT 10 VENN STREET PEPPERMINT GROVE WA 1,789,705 2.99
9 NATIONAL NOMINEES LIMITED GPO BOX 1406 MELBOURNE VIC 1,558,745 2.61
10 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 4224 MYAREE BC WA 1,351,437 2.26
11 MS ARLENE FAYE PATERSON 8 BASILDON ROAD LESMURDIE WA 979,246 1.64
12 MR COLIN PATERSON 8 BASILDON ROAD LESMURDIE WA 960,000 1.61
13 BELIKE NOMINEES PTY LIMTED GPO BOX 4294 SYDNEY NSW 782,062 1.31
14 MR ANDREW RICHARD LEE BURT 10 VENN STREET PEPPERMINT GROVE WA 742,727 1.24
15 MR PETER DAVID LEE BURT 56 MANNING STREET MOSMAN PARK WA 742,727 1.24
16 MRS JACQUELINE ELIZABETH MARINKO 39 SUDBURY WAY CITY BEACH WA 742,727 1.24
17 FLINDERS PROPERTY INVESTMENTS PTY LTD PO BOX 7197 CLOISTERS SQUARE WA 548,563 0.92
18 DAVID RICHARD BURT + CHRISTINE ELIZABETH BURT
<OTTO SUPER FUND A/C>
PO BOX 1229 SUBIACO WA
500,000 0.84
19 MR NORMAN DAVID VIRGO + M/S ELIZABETH JANE VIRGO
<VIRGO SUPERANNUATION FUND>
16A VICTORIA AVENUE CLAREMONT WA
420,000 0.70
20 400,000 0.67
this was the top twenty shareholders recently, Will be interesting to see how they have changed over the last two months
Is number 11 &12 from that stockbroking firm I wonder!!!
It was Flinders Property Investments that dumped the 1M @36c? Paterson is no relation to the broking firm, Colin is a geologist and Director fo YML
It's freely available from computershare if you ask for it. I think from memory I actually had to put it in writing, sign it and fax it to them
ALFguy
Trading gives me a headache
- Joined
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- 0
Is this a question Mozart56? Bit confusing with the 'It was"
If not, then how did you find this information?
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I propose that they make an announcement that they haven't got anything yet to announce cos this waiting for an announcement thing is givin me grief!!
So sell RICO = No more grief for you, for us = one less nervous holder looking to get out at first chance,
Pato's will happily gobble up your sell I'm sure
