Australian (ASX) Stock Market Forum

YML - Yilgarn Mining

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YOUNG_TRADER said:
Sigghhh the good old days when YML was trading between 13c to 18c :eek: (Only 6-7months ago)

And below my research I did in Jan 07, looks like 70c finally hit
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"Total = Approx $275m or $3.45c a share. I think my NPV's have been pretty conservative but am happy to discount the value I got to by another say 80% ie $3.45c x 0.2 = 70c YML. Undervalued or what? Thoughts?"
......
anyone who calls that a ramp would be incorrect, imo

you were on a HOT LEAD there m8 ;) (thanx)
 
resourcesman said:
lol looks like YML is about to get a speeding ticket
too bad i didnt get a chance to buy in..........
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I don't see why, they've finally got some analysts writing up good things about them, drawing attention to what we were lucky enough to learn a few months earlier through YT's hard work. The new MD might have been what it took to get the stories written, but they've already announced that.

m.
 
marklar said:
I don't see why, they've finally got some analysts writing up good things about them, drawing attention to what we were lucky enough to learn a few months earlier through YT's hard work. The new MD might have been what it took to get the stories written, but they've already announced that.

m.
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Yup, nothing new in terms of information... I'd hate to be one of the people who lost the faith and dumped in the 50's on Friday. With YML on more radars than ever I predict good times ahead. Just need a JORC on Marillana and a nice NPV on CB to cement it going forward. This is realisable in the short-mid term. Looks like the new MD has done well on the options at 50c. Made almost $1M paper money without even starting yet! :)
 
Check out the depth. Buyers 10 to 1 against sellers. Stuff all sellers between here and $1. Good fortune to be in 21-25c. Have squirrelled a bit so now looking at blue sky. Great research YT.:):)
 
Will be interesting to see how she closes today.
I'm out at 75c (stop loss) for the moment for safety's sake (although that now proved to be a little premature) until the dust settles. I still like the look of this stock so will then look for a re-entry. I don't want to repeat my previous mistake of selling out of MMX at 55c thinking I had bagged a nice profit! :banghead:
 
Trading Halt... thats the end of YML trading for today =(

This was looking to head for the big time this afternoon.

edit - its back, with a vengeance.
 
Trading halt? I thought it was just a speeding ticke isn't the halt temp while the ticket is announced?

I like the look of the 200K at 79.5 certainly a good floor. Funny thing is i was in at 25 out at 47 (got spooked) back in at 63 this morning already up over 25% :D
 
I watched the 200K zip from 73 cents to 795 cents ,the punters are anxious to get onto the share register....like others who have collected their profits I'm eager to get back in,but not at these prices.
 
Yeah the 200K is Goooooooooone ! I dont like the look of the support at the moment, a flurry of hasty profit taking will see this baby head south. No news due for a few weeks, I don't think it'll go low 60's again but I reakon 65-70 at least before announcements.
 
Reading 'response to share price query' - looks like couple of articles in today's paper was responsible.. up 52% today! At that level I'd be taking a profit too.

I'd say POL was mentioned also in the same sentence (in Yilgarn region as well), as this has shot up 14% today also.

You'd expect both to pull back somewhat tomorrow.
 
I think many of us thought it would have pulled back at the end but finished near the high for the day. We should be near another results announcement soon should we not? Then again Yilgarn don't run a tight ship when it comes to getting those out on any schedule that I am aware of....
 
That story again from The Age, first posted here this morning, and this line......

"...the real excitement will come when the potential of the four or five feeder
drainage channels feeding in to the Fortescue Valley property from the iron-capped Hamersley Range are pit to the test."
AND this comment from todays story also;

"The company won't make any guesses but some Pilbara hands will tell you that they wouldn't be surprised if Marillana can shape up as 100 to 200 million tonnes, if not more."


http://www.theage.com.au/news/busin...garns-iron-push/2007/07/08/1183833344243.html


Well in actual fact.....YML say there are 6 seperate high conductivity areas which show up on aerial electromatic survey. These conductivity areas have similiar characteristicics to the location of previous drilling, which YML contains at least 30 mt of direct shipping grage iron ore.

A 200 mt of iron ore....means it has more FE that MGX and Portman Mining combined. Total market cap of both these companies is $3.5 billion.
 
I am overseas in a timezone where it aint easy for me to get online while the market is open in aust so I cant take a profit right now.. but I am not sure its a good idea. the stock is very closely held.. I would hate to sell up and then have to buy back in at a higher price. Did that on CRK and it sux!

With only a few weeks to go to the marilanna JORC and then a few more to see the results of the other nearby targets I want to be on this one for the ride that is coming!
 
Wow there is alot of orders on the sell side! Any thoughts on the 200K parcels stacked at 74, 76, 78, 80 and 82 c mark? thought it might be a capper trying to accumulate but now there is over 1 Mill below 83c thats some serious downward pressure if they are for real!

I thought it may consolidate a bit but this is fishy, Short term Sp will be interesting but this is a long term play for me now.
 
KIWIKARLOS said:
Wow there is alot of orders on the sell side! Any thoughts on the 200K parcels stacked at 74, 76, 78, 80 and 82 c mark? thought it might be a capper trying to accumulate but now there is over 1 Mill below 83c thats some serious downward pressure if they are for real!

I thought it may consolidate a bit but this is fishy, Short term Sp will be interesting but this is a long term play for me now.
Click to expand...

Yesterday, they used 200k capper to push price higher at 70c, 78c, and now the same order to push price lower. This people is really something or what?
Let see whether these orders will be gone in opening or stay there.
 
Well what an interesting situation we have this morning, 1.8 million up to 83 cents and suddenly the sell orders can't wait to bank in their profits. I wonder if these parcels are from the buyer who whipped up the million roadblock when the share was started its push to 40 cents? Todays trading will sort out the big traders from the tiny ones. I'm watching with amusement ........I guess we all are....:rolleyes:
 
I will be interested to see if there are any directors shares going on sale, they have held them tight so far and if they continue to do so, that will be a strong signal.
 
Just as a matter of interest - how long does it usually take for converted options to show up? I converted my YMLO just before expiry (the cheque was presented 29/6). I figure I have to allow for cheque clearance time, and maybe they take longer at expiry because they probably had a rush on them? No big deal, I'm holding, but was just wondering when to start making phone calls to chase it up...

I've never actually converted oppies before - always just sold them.
 

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