YML - Yilgarn Mining
- Thread starter yogi-in-oz
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If they are valued at 40c on CB alone then what should they be worth on a JORC 30Mt 58% Iron ore deposit next to a planned rail line?
Is it possible that none of the other gravity targets produce iron ore? I mean what else could be so dense in the ground in an iron ore district?
I guess we'll find out what some of those other targets are hiding in the very near future. In their last quarterly YML indicated in-fill and extension drilling in late May (next week?). They will get JORC compliance for the zone which they estimated 30Mt and they are also drilling in the northeast section of this sector where mineralisation remains open. Not sure if this additional drilling in the northeast section will be JORC compliant though. Apart from drilling in this northwest sector, there will be drilling in other zones within the licence that had previously returned Iron intercepts (up to 6m @ 63%).
There is potential for the current 30Mt estimate to upped and results probably released early in the new financial year. It's all looking pretty positive now but 3 months from now we'll know for sure. Just need patience.
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Well it temporarlily solves that shortage of shares. I think someone will snap them up, but not me - am already topheavy on these guys.
I think the main concern is how the market will react seeing so many shares been off loaded, it has to be coming from one of the top 20 holders. surely as a majority holder, they'll get more detailed information than us average joes.
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It's probably just someone trying to accumulate, why would they not of sold at .58 yesterday??? Simple, They leave the order there hoping people sell under .50 (which they have) buy up, pull the order and its happy days for them.
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Then again, remember that 1mil last week? Didn't take long at all for that to get gobbled up, a little scary risking what you have in the hope you might be able to pick up some more. He could just be taking his 100% profit from three weeks, cant complain with that!
Well there greg you were spot on !!!
Order has been pulled
and we should be up up and away soongregcourageous spot on !! the half mil order disappeared!! keep on learning new things everyday! thanks greg!!
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Well look at that. Been pulled already. By the look of the sales he didn't get his hands on too much either. May of even lost 100k of his shares. Unlucky.
3 veiws of a secret
3 veiws of a secret
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DAMN -so peeved off I was doing my maths and its gone ( 500K)-really peeved off ....too ripe for picking.
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Ha, thanks, a week ago i didn't even slightly understand what people meant by capping, have to thank YOUNG_TRADER for teaching me that
Only 200 thousand until 60cents!
Ha, thanks, a week ago i didn't even slightly understand what people meant by capping, have to thank YOUNG_TRADER for teaching me that
Only 200 thousand until 60cents!
Gee it is a risky game though .. gotta hope that there isn't a shark lurking that pick up the cap. That could have happened this morning as I'm sure a few people were doing their sums
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Maybe you guys should ask yourself, with such a tight share registry, who could control 500k shares? Perhaps someone who's been accumulating lately, perhaps a broker that recently started covering the stock?
Next why would they want to cap the stock? Oh yes so they can accumulate more, but why now? well it looks like they don't want to wait till after Carr Boyd
Its a good sign when you see these things as you know YML's being held back by an accumulator!
Next why would they want to cap the stock? Oh yes so they can accumulate more, but why now? well it looks like they don't want to wait till after Carr Boyd
Its a good sign when you see these things as you know YML's being held back by an accumulator!
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Not a very smart accumulator if they lost more than they picked up, just smart enough to get out before they lost more.
3 veiws of a secret
3 veiws of a secret
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YOUNG_TRADER;159896 Next why would they want to cap the stock? Oh yes so they can accumulate more said:
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Never said they were smart, sounds to me like their desperate to get as many as possible pre Carr Boyd, I think its foolish to risk ones holdings so as to acquire more.
Agian its a good thing though as they must really really like YML to go to this much effort to get stock!
There has been a mexican stand off for most of today, 50 / 55c but it looks to have started to come together now.
Should see some volume shifting again soon, hopefully in the positive direction as people scramble to not miss the boat.
gooooo YML
Less then a week til the announcement is due, reckon we may even see it crack 70c by end of this week.
Should see some volume shifting again soon, hopefully in the positive direction as people scramble to not miss the boat.
gooooo YML
Less then a week til the announcement is due, reckon we may even see it crack 70c by end of this week.
