YML - Yilgarn Mining

[KIWIKARLOS]

Open Pit Study
The Open Pit mining study is now
expected to be completed in late May
2007 following incorporation of the
results of the recent reverse circulation
(RC) drilling programme (Quarterly
Report as issued in April, 2007).
The Study will be one of a number of
factors in the decision to proceed with
the Open Pit as Stage 1 in the re-
commencement of mining at Carr Boyd.

The other factors are: successful negotiation of an ore
off-take agreement; approval of the Mining Proposal by
DoIR and the result of a tender process for the Open Pit
mining contract.

 

[ALFguy]

Well, it's the last day of may and still nothing. I wish they would put out some sort of ann with reasoning for why its constantly being delayed.

I get the feeling some here are expecting a huge sp spike following any announcement on CB. I wonder what the reaction will be if that doesn't happen? Tut.

By the way, nice post Mozart

However, I expect YML have a duty to inform the market of anything of significance at the earliest. A scoping study, will certainly be considered significant, not to mention price sensitive.

 

[KIWIKARLOS]

The open pit feasability is the most important part of the whole project. If thats negative then they wont proceed with off take agreements , letters of intent as so on.

The project rests on the outcome of that report, due in "late May"

It is extremely price sensitive

 

[Mozart56]

The open pit feasability is the most important part of the whole project. If thats negative then they wont proceed with off take agreements , letters of intent as so on.

The project rests on the outcome of that report, due in "late May"

It is extremely price sensitive

The study is not the panacea. All the other planets have to line up too and are just as "price sensitive"

I think that the study's outcome can't be viewed in isolation and that YML has been fairly clear in stating this. Hence the price sensitivity of the Mining Study can only be assessed relative to all the other factors.

The study is but one component... For example if YML cannot secure a 3rd party contractor to mine CB (at the right price), then a glowing study isn't going to be of much value. A positive study document is a great outcome, don't get me wrong, but its price sensitivity is relative to whether you believe its content (positive or negative) is already factored into the current trading price. (i.e. does 45c assume the study is positive or negative?). I'd suggest that it assumes it is positive (or likely to be positive) given the recent run from a long term average of mid $0.20's. The real price sensitivity comes from when YML is in a position to properly "value" the project and commit to its delivery. I can’t see them being able to do this conclusively until all the other “factors” have been resolved and are on the table. Then again should the study significantly “upgrade or downgrade” the resource potential, I’d argue that this information should definitely be released. To date YML have been great in doing this.

Just my 2c

 

[KIWIKARLOS]

Agreed the big question is will they release announcements at each milestone or wait untill the whole package is put together?

Do they have to make seperate announcements as they are all price sentsitive?

 

[UPKA]

If the management want the SP to stay strong as it is now, they will have to release something solid to keep the market interested, otherwise alot of holders will run out of patience and go else where. So im sure they r not keeping anything from us, js in preparation for the report.

 

[gregcourageous]

It's obviously in their best interest to keep the SP moving, remember options have only one month left till they expire. So i very much doubt they will hold anything back. I think I'm just a little impatient as I'm new to trading. I can't really sell until end of financial year anyway unless i want a nice big tax bill, lets just hope its gained momentum again by then

 

[stoxclimber]

Guys, these microcap resource stocks aren't known for their punctuality in announcements.

Everyone just needs to sit down and be patient. Most of you bought in because YT recommended it and it was going up. But YT has recommended it since DECEMBER, whereas many of you probably got on this month. He (and others) have been waiting patiently for 6 months! Rewards come to those who wait, not those who jump on just before an announcement since the stocks hot and start dumping if the announcement is delayed.

 

[3 veiws of a secret]

Guys, these microcap resource stocks aren't known for their punctuality in announcements.

Everyone just needs to sit down and be patient. Most of you bought in because YT recommended it and it was going up. But YT has recommended it since DECEMBER, whereas many of you probably got on this month. He (and others) have been waiting patiently for 6 months! Rewards come to those who wait, not those who jump on just before an announcement since the stocks hot and start dumping if the announcement is delayed.

Stoxclimber well said you're so polite! .....this thread is so passionate for this announcement, it tends to get mundane. Anybody thought about when the current options get converted & what might happen to this share?

 

[Jay-684]

COMSECs announcement symbol strikes again! Nothing up as yet though.

Probably just another excercised options notice, but..... who knows really!
Patience everyone...

 

[greggy]

Guys, these microcap resource stocks aren't known for their punctuality in announcements.

Everyone just needs to sit down and be patient. Most of you bought in because YT recommended it and it was going up. But YT has recommended it since DECEMBER, whereas many of you probably got on this month. He (and others) have been waiting patiently for 6 months! Rewards come to those who wait, not those who jump on just before an announcement since the stocks hot and start dumping if the announcement is delayed.

Good point stoxclimber. IMO often its best to buy a stock when things are quiet as this approach tends to maximise returns. As people have said before on this forum, the greatest rewards often goes to those who are patient.
DYOR

 

[rico01]

COMSECs announcement symbol strikes again! Nothing up as yet though.

Probably just another excercised options notice, but..... who knows really!
Patience everyone...

Jay
You can get all announcements as they happen for free from ASX.com.au You can search for announcements, for any company,
from the home page go to announcements and then click today and wella

 

[alankew]

Jay my comsecis showing it as another exercise of options,here is the link http://imagesignal.comsec.com.au/asxdata/20070601/pdf/00726217.pdf hope this helps

 

[Fool]

A decent gain today... let's hope it holds it to close.

I would like to take a punt and suspect that CB news is around the corner, but no one really knows anything with YML. The directors keep that info very well kept.

 

[Caliente]

just relax Fool!

hehehehehehehehe................ always wanted to say that without sounding contrite

 

[ALFguy]

Holiday in WA today so wasn't likely to be any company releases.

Appears to be a slight change in sentiment today with few, if any, selling into the bids. Pretty amazing how thin that sell side is too.

Low volume but a step in the right direction.

 

[gringokonyo]

Just had a free copy of the June issue of Resource Stocks magazine sent to me courtesy of my AGM holding, as there's an article on AGM. Anyway, lo and behold, there's a corporate profile of Yilgarn Mining in this issue. There's nothing new in the article but it seems to confirm Yilgarn's intention to restart Carr Boyd by September and mine out the first stage 90,000 tonnes @ 1% Nickel and 2900tonnes of copper within the pit in 8 months. Carr Boyd to generate cashflow for deeper exploration and development at Marillana and Irwin Coglia. Re Marillana, the article says (David) "Burt plans to meet the infrastructure owners in the region and says he is encouraged by the written comments of BHP Billiton Iron Ore president Ian Ashby recently that new producers in the region should consider the option of mine gate sales and rail haulage arrangements, under which BHP Billiton could carry other miners' ore using its locos and wagons."

Also says has received preliminary enquiries from the Chinese steel mills regarding sales etc. However, more serious approaches won't occur until the sonic drilling and ore benefication evaluation.

I reckon this article will bring YML some additional exposure with possible benefit to the share price in the short term.

 

[3 veiws of a secret]

Just had a free copy of the June issue of Resource Stocks magazine sent to me courtesy of my AGM holding, as there's an article on AGM. Anyway, lo and behold, there's a corporate profile of Yilgarn Mining in this issue. There's nothing new in the article but it seems to confirm Yilgarn's intention to restart Carr Boyd by September and mine out the first stage 90,000 tonnes @ 1% Nickel and 2900tonnes of copper within the pit in 8 months. Carr Boyd to generate cashflow for deeper exploration and development at Marillana and Irwin Coglia. Re Marillana, the article says (David) "Burt plans to meet the infrastructure owners in the region and says he is encouraged by the written comments of BHP Billiton Iron Ore president Ian Ashby recently that new producers in the region should consider the option of mine gate sales and rail haulage arrangements, under which BHP Billiton could carry other miners' ore using its locos and wagons."

Also says has received preliminary enquiries from the Chinese steel mills regarding sales etc. However, more serious approaches won't occur until the sonic drilling and ore benefication evaluation.

I reckon this article will bring YML some additional exposure with possible benefit to the share price in the short term.

Many thanx for the post ,and this is my reason in supporting this share ....its the transportation/infrastructure link that bides with me,this is the crux of the main deal ....no return tickets needed here.

 

[gringokonyo]

Many thanx for the post ,and this is my reason in supporting this share ....its the transportation/infrastructure link that bides with me,this is the crux of the main deal ....no return tickets need here.

No worries. Marillana is also the main reason I'm into this stock big time. Once they get JORC compliance for the 30MT it can take off. CXM has taken off from 18cents to 55cents on the strength of 20MT JORC and Memorandum of Understanding with a chinese mill. CXM has about 240million shares, so YML should reach $1.65 based on CXM's example.

 

[Caliente]

No worries. Marillana is also the main reason I'm into this stock big time. Once they get JORC compliance for the 30MT it can take off. CXM has taken off from 18cents to 55cents on the strength of 20MT JORC and Memorandum of Understanding with a chinese mill. CXM has about 240million shares, so YML should reach $1.65 based on CXM's example.

Thanks gringo - enlightening post. Unfortunately with YML its always just a matter of ttttiiiimmmeee.....

As slow motion as the boys are, at least they are the real deal - so they've got a holder right here.