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YML - Yilgarn Mining

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alankew said:
Another quick q re the oppies-how long does it take to convert them to heads.Next question anyone lend me the money to do it
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When ya find out let me know cos i picked up a ****load of them yesterday morning for 0.195...oh happy days

Semper Ubi Sub Ubi
 

Yes an Appendix 3B needs to be issued every time there is a change in the company's securities. What'll you see closer to expiry time is a daily or couple-of-daily summary with the total options converted, rather than when every individual converts. Cumbersome for the poor old company secretary, but then it is money coming into the coffers!
 
As a comparison to Yml on the 20-12 2005 MMX gave a JORC compliant probable ore reserves of 8.5 million tons@63% FE and the MMX share price was 43 cents, yesterday they closed at $3.85.
At the moment Yml only have a mineralisation estimate of 30 million tons and I know we are waiting for a Jorc compliant report
MMX are two years ahead of YML ,but does anybody know if the estimate YML have would be good enough to finally give YML a decent resource

Will look forward to any comments on what could be in the pipeline for the YML supporters
 
Again moving up today. Now at 57c

I would not be surprised if this moves into 60s today. There is strong buying support, and I think a few people have inside information of the Carr-Boyd results, which are due very very soon.
 
MiningGuru said:
Again moving up today.

There is strong buying support
Click to expand...

Whats interesting is that this buying support is coming off screen, even I am now amazed at its metoric rise, I mean surely it has to pause at some point?

60c just cleared!
 
YML has broken 60 cents... up 11% for the day, 29% for the week.

A question - can the ASX issue another speeding ticket so close to the last one even after YML has given a response?
 
Off memory, there have been a few occasions (in particular @ 50 cents? ,585 cents and 62 cents) where the high price is always actioned by a crossed trade on behalf of brokers actions. Interestingly, I can only speculate that certain brokers must be sucking in certain sophisticated share holders.Tres bein.
BTW someone metioned the share is ready to break the 60 cent mould, I apologise to that trader, I laughed at you! Apologies....spare me!
 


Not to be greedy, but I'd like to see the SP trade at higher then 10% of the above value.

We really cannot be far away from the CB announcement, after all there are only 7 days left to trade in this month and it's already delayed by what 3 weeks ?
 
I have a question about buying strategies...

Someone just put in an order at 58.5c for about 30,000 shares. So only about 10,000 shares were executed and 20,000 shares left as a buy at 58.5c.

Now, that person has taken away that buy order. Why would someone do this? Put in a largish buy, only for it to be filled by a 1/3rd then take it away...
 

may be a change of mind? or possibly pulled out too late when part of the order has already been executed?
 

For what UPKA says that may also be true, but I have done this also in the past. Other scenarios that have happened to me have been another share has lit up on another screen,and also the punter has at least a parcel of the shares, which is good enough, and suddenly he /she/it feels that the share may slide and he can pick up a few more at a cheaper price. Important thing is nobody likes to part with their dough.
Also his wife might have come home early grrrrrrrrrrrrrrr
 

I do it all the time, mostly when trying to accumulate thinly traded stocks. It's often hard to get a decent sized parcel, so if one pops up on a share on which you don't have an order placed it's easier and cheaper to stop an existing order part way through and use those funds on the new acquisition than it is to sell other shares or raise cash. (Hope that made sense!)

This is only an issue if you have limited cash. Hopefully YML will continue its meteoric rise and this will no longer be a problem
 
ASX down 70 points, and YML holding strong

Still got lots left in this one.

But the announcement surely has to be days away.. ?
 
I had to take some profits on YMLO today, 200k at an avg of 27c, I still have plenty left,

I just thought I'd let you guys know,

This doesn't change my view one bit re YML, I still think it has amaing upside etc but I needed the money + it never hurts to take some profits given how hard its run
 
YOUNG_TRADER said:
I needed the money + it never hurts to take some profits given how hard its run
Click to expand...

you cashing up for that July purchase of yours are you?
get back to me about your E36.........

this must be the first time I've seen YML red in almost a week!
 
Jay-684 said:
you cashing up for that July purchase of yours are you?
get back to me about your E36.........

this must be the first time I've seen YML red in almost a week!
Click to expand...


that is not true anymore, someone js bought abt 100k shares. we may see some resistance pushing over the 60c mark, bt it certainly would make a better day for all over us finishing at that mark.
 
You know I get the impression everybody is bargain hunting today,with the ASX -70 points . Midday today I think somebody panic sold??? (stand to be corrected like always). But since it has gone up 3.5 cents and with buyers are thinly spread, I would be surprised if you got past 60 cents today, just look at the two columns. Time will tell.....
 
News of YT selling (no matter how small a chunk, what he thinks of the company, or how much he's got left) always triggers a selloff!


Don't want to make any sheep like comments but..
 
stoxclimber said:
News of YT selling (no matter how small a chunk, what he thinks of the company, or how much he's got left) always triggers a selloff!


Don't want to make any sheep like comments but..
Click to expand...

That would be a serious losing strategy if anyone has sold because of YT selling some YML. Everyone has different timsescales, trading patterns etc.


With all due respect to YT, he doesn't have a Crystal Ball, but is thorough with his research.

YT identifies fundamentally undervalued companies such as YML. If he sells YML and SP drops, then surely that means that YML is now even more undervalued. FUNDAMENTALS HAVE NOT CHANGED....have they YT?
 
Guys, he sold options that are expiring very soon - not shares.

Don't take what he said too serious lol

I can't beleive you people are selling because of 1 person, when there are 2 very significant announcements yet to come.

HOLD long and you will be rewarded.
 
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