YML - Yilgarn Mining

[KIWIKARLOS]

Considering the volumes as it was going up i find it hard to believe that it will stay at these levels for long.

Unusual trading always happens at this time of year, people getting in and out for CGT purposes

 

[UPKA]

Considering the volumes as it was going up i find it hard to believe that it will stay at these levels for long.

Unusual trading always happens at this time of year, people getting in and out for CGT purposes

Thats very true, seeing the volume went thru today, i wouldnt worry too much abt the drop, although i did sold half of my holdings at opening. bt planning to re enter when the price is rite.

 

[ALFguy]

Took profits in the 50's so I'm not worried about this slump. Actually expected it after that ann. Too many holders sitting and waiting expectantly for some wonderful news about CB, so anything that conservative was likely to fuel a sell off. People are funny.

Oversold in my opinion, has come down far too quickly.
Buyers in the wings just waiting to pick it up cheaper, but not showing their hands today.

Didn't Pato's value this at 40c taking into account CB going ahead?

 

[KIWIKARLOS]

I think buying is pretty quiet around this time i would think the new finacial year will bring people with new money for new investments.

Correct me if im wrong anyone but it seemed to be small fry jumping ship not many if any large holders. Can anyone tell me if top 20 changed

Please

 

[Synergy]

Regardless of whether it continues down in the short term I couldn't resist picking up some more in the mid 30's. Surely this has come down too hard? I can't imagine there would be many looking to sell any lower than this considering how tightly the stock has been held previously.

 

[gringokonyo]

Positive sign, announcement out with 4 Directors converting significant numbers of options...........

 

[UPKA]

Positive sign, announcement out with 4 Directors converting significant numbers of options...........

well with it expiring end of this month, and exercise price of 25c, u'd be stupid not to convert them when current SP is at 35c. so doesnt really say much...

 

[gringokonyo]

well with it expiring end of this month, and exercise price of 25c, u'd be stupid not to convert them when current SP is at 35c. so doesnt really say much...

True, but you wouldn't be throwing good money after bad. I reckon first sign that directors are selling would quickly send the share price south of 25cents - which then wouldn't make conversion such a smart decision. I think it just reaffirms that they have faith in the way things are going, which at least has momentarily stopped the SP dropping - albeit on the strength of 50,000 sales.

 

[KIWIKARLOS]

I would say that the expiry is one of the major factors pushing the Sp lower the last week or so. Seen it happen before, Im banking on a average recovery beggining of next month and alot more interest around marianna releases later that month or august.

Any thoughts?

 

[gringokonyo]

I would say that the expiry is one of the major factors pushing the Sp lower the last week or so. Seen it happen before, Im banking on a average recovery beggining of next month and alot more interest around marianna releases later that month or august.

Any thoughts?

I think Marillana will definitely spike interest, but not sure what will happen in the next 4 weeks. As a longterm holder, the price fluctuations don't really worry me. It's only if it starts dropping below 25c that I'll need to reconsider my position.

 

[YOUNG_TRADER]

The problem here appears to be patience, I problem which I had forseen and thus decided to take profits towards what now appears to have been the prior peak,


The fundamentals haven't changed, just the mkts perception of YML,

If you bought because you liked the fundmanetals, the recent price weakness shouldn't change your fundamental position on the compnay,

I know that Patersons will be swooping on stock below 40c, but are savvy so hence will let the sell bids build and drop lower and lower before they act, I also know that most won't se the accumulation as they are savvy and will do it in a savvy way,

I knwo its been a long road but the fact is YML ran from 20c to 60c in 2 months, everyone had plenty of opportunity to take profits etc, as a long termer its Mariliana that I'm waiting for and that won't be until August at the earliest so prepare yourselves for a wait of about 1.5 months

The management are horrible at PR, but are old school miners like I've always said, give them time to build a miner

 

[motion]

Well I think everyone is right the fundamentals have not changed and from what I can see not alot of the big players got out either... it's up 11% at the moment and holding very strong. good support at around 40c...

I still think this one has alot to offer... thanks everyone for all your back ground info on YML... I'm still holding..

 

[INORE]

its nice to see YML slowly retracing (up 8% today to 46.5c )...the volume seems low but when u look at a chart its actually not too bad considering it hit some of its peak SP's on an daily average of around 500,000 traded....it shows that yilgarn is still on a few watchlists and as people pick up some profits around the traps, perhaps using those profits for accumulating in prep for the carr boyd FS or Iron ore drill results...whichever comes first.

Substantial Shareholders List
Date of Change Shareholder Name Shareholding % Shares Held
22/09/2006 Flinders Property Investments Pty Ltd 5,500,000 9.18%
22/09/2006 ANZ Nominees Pty Ltd 3,285,917 5.49%
22/09/2006 Mr. David Richard Lee Burt 3,001,626 5.01%
20/06/2007 Mr. Ross Stewart Norgard 14,604,429 23.07%

 

[Mozart56]

Well it appears YML are getting serious with this iron ore thing New MD, and apparently a new name. Any guesses? How about Marillana Ore?

Let's hope that the $400k p/a and truckload of options he's on is a reflection of the likelihood of success.

All good I think.

 

[YOUNG_TRADER]

Very positive announcement today, new MD, EX BHP Iron and Nickel divisions,

Fresh blood to take this company to where it should be

Interesting times lay ahead

 

[gringokonyo]

Well it appears YML are getting serious with this iron ore thing New MD, and apparently a new name. Any guesses? How about Marillana Ore?

I think they own Marillana under Brockman Iron Pty Ltd, a wholly owned subsidiary of Yilgarn Mining. Maybe they'll start using that as the trading name.

Hope the new MD can get a deal from BHP to use their locos and railway ore even buying YML's ore.

 

[3 veiws of a secret]

Significant announcement ,seems to have brought YML out of stagnation,there seems like buyers are carefully positioning themselves with the savvy few.

 

[ALFguy]

Market certainly likes the news, as I do!

Maybe the new man will realise the importance of keeping us informed of their activities on a more regular basis.

So, purely an Iron ore play from now on? Likely to sell some assets?

 

[Mozart56]

Market certainly likes the news, as I do!

Maybe the new man will realise the importance of keeping us informed of their activities on a more regular basis.

So, purely an Iron ore play from now on? Likely to sell some assets?

It certainly looks that way, although they do have some very attractive Ni tenaments that are yet to be drilled, and Irwin Hills just needs someone that can process the ore. They also have more gold and mineral sands tenments to explore, but I expect that Marillana will consume most of the efforts going forward. It is certainly where the greatest shareholder value can be extracted in the short/mid term.

Does anyone know the new MD? By name or reputation?

Any predictions on the new name? Will it be "Brockman" "Marillana" or something completely different? Exciting times ahead I think

 

[Synergy]

Really powering along now. Good volume and another 10% price rise today. Will be interesting to see if it can move above its previous high in the later part of this week. The thing that impresses me most with this stock is the patience of the holders. People must have some faith with this one.