Australian (ASX) Stock Market Forum

YML - Yilgarn Mining

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Definitely a long term winner but I dont think we can expect any resource upgrades untill at least beginning 2008, with all the current market uncertainty and the good chance the US sub prime probs have already spread it will be pushin down on YML.

Carr boyd seems to be out of the picture now? But even if the US were to go into recession there should still be a good market for iron ore, can't see it going backwards.
 
KIWIKARLOS said:
Definitely a long term winner but I dont think we can expect any resource upgrades untill at least beginning 2008, with all the current market uncertainty and the good chance the US sub prime probs have already spread it will be pushin down on YML.

Carr boyd seems to be out of the picture now? But even if the US were to go into recession there should still be a good market for iron ore, can't see it going backwards.
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What makes you think there won't be a resource upgrade? They're currently drilling and will likely announce this soon.

Carr Boyd will probably be used to fund their iron ore ventures and imo they'll sell off their other projects.

I know it ran because Wayne came on board and I expect everyone saw $'s on the horizon, so profit taking was likely, not to mention this stocks history of spikes and dips.

Bought more today and if it dips into the 50's I'll be happy to buy big time.
 
ALFguy said:
What makes you think there won't be a resource upgrade? They're currently drilling and will likely announce this soon.
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Let's hope so as it might avert the slide and result in fresh highs. Starting to think that the dumping is just nervous option holders keen to cash out for profit. Anything north of 50c is a healthy margin. Looks like there is still a million plus to go, but a good news announcement could see that eaten in a flash. YML said August at the earliest for any drilling results, and two months for CB. With Consolidated Minerals (their partner) sailing through some variable times, I suggest that this could further delay the project.

Could be good bargin buying if the option holders get impatient. We really need an insto to take a nice chunky stake. You could easily become a top 20 holder now for about $1M investment
 
there is certainly some big trades going threw this arvo 200K at 66.5 went as soon as it was up! When does info on top 20 holders get updated after changes and does anyone have access to this info?
 
See the buy order for 491 shares at 10c premium to market price after close.

That is clearly a professional trading tactic! Mayby its to encourage people to buy up those big parcels. I have seen this kind of trading on many stocks before. Always placed just after close and always considerably higher or lower than market price on tiny volumes.
 
Company are not aware of any selling or share price capping by a bigger investor.

They went to the trouble of ringing around....and came up with nothing.

Interesting that this morning, all the sells seem to move down by the same proportional degree.

Anyway it doen not matter......a similar move done into that sell area of 60 cents tomorrow.....will see all them all taken out.

________________________________________________________________

It is such a fine line between what is a good buy in the iron ore sector....and something that in my view is way too expensive and risky. (takes 5 years of day after day, (all day) looking at this stuff)

I think there is risk that funding may not be forthcoming for rail construction to service those bigger 3 or 4 iron ore companies in the mid-west.....when it really comes down to CRUNCH time. Yes I know all about MMX and their Japan based partner. I think the penny will drop for Asian based groups....thats its much easier and less risky to deal with a ramping up BHP, CVRD, RIO and FMG

Also it would be my view that few if any proposed magnitite project will get up. Maybe starting with funding NOT coming from China early next year for the most advanced of the magnitite project....that of ARH.

Some of of these companies are providing estimates for equipment that are not correct. Current waiting list for ball mills, crushers and seperation equipment is three to five year. Who would put up real cash to have to wait that amount of time.

Yet I look YML....direct shipping ore..... such a clean, neat and highly profitablely operation. This company with a market capitalisation..... a fraction of other iron ore plays who will may return a cent to their investors.

Some long term investors in bulk commodities may actually be more experienced and knowledgeable, that brokerage houses who prepare research reports.

Get to the point where you know a company and that sector so well.....so that when you see comment......you can determine what is correct and what is not. I did it....so you can too.
 
JJP said:
Yet I look YML....direct shipping ore..... such a clean, neat and highly profitablely operation. This company with a market capitalisation..... a fraction of other iron ore plays who will may return a cent to their investors.

Some long term investors in bulk commodities may actually be more experienced and knowledgeable, that brokerage houses who prepare research reports.

Get to the point where you know a company and that sector so well.....so that when you see comment......you can determine what is correct and what is not. I did it....so you can too.
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JJP, could you please clearly expand on, or explain this part of your comment on YML? It looks like you may have a valuable opinion that would be of interest. Thanks. YN.:)
 
Should be a bullish day ahead. 230K cleared on opening. Can the other capping shares be cleared also? Will some be withdrawn?
 
Larger orders of 200,000 layered at .68, .70 have been cleared 2 more 200k parcels at .72, and .74, be interesting to see if it consolidates at .70 now......
 
tibby said:
Larger orders of 200,000 layered at .68, .70 have been cleared 2 more 200k parcels at .72, and .74, be interesting to see if it consolidates at .70 now......
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Yeah, been watching it closely and it looks like there are only about 440,000 of the 1.6M initially put up left to go. Be interesting to see if there is a "top 20" statement issued tomorrow.

Looks like they were successful in selling most of the shares at a 20% discount to Monday's close :)
 
Nice finish today.. got to be back in the 70's with support.

Looks like the old "bait and switch" tactics are alive and well with an ambit $1.025 bid after market. Do these games ever work? :confused:
 
gringokonyo said:
http://www.theaustralian.news.com.au/story/0,20867,21756308-18261,00.html

Only just noticed this article about Minara going from acid leaching to heap leaching its nickel and cobalt.

I assume this means that YML's 40% nickel cobalt stake at Irwin Coglia can now be processed through heap leaching rather than sitting in the ground waiting for new autoclaves that can handle the high salinity?
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You'd think if this was the case it might warrant an announcement. With all the takeover talk at Minara it might not be a priority right now?

Looks like the 1.6M share wall from the single trader might finally have been penetrated. Can anyone else confirm? If so then we may return to period of tightly held shares.
 
as far as i see, those 1.6 M shares are not in the seller side at the moment.
some have been taken before, but still around 400k suppose to be around.
maybe we are taking a break today, since the market is flat.
once the dust is gone, we will see another movement in yml.:D
 
powerkoala said:
as far as i see, those 1.6 M shares are not in the seller side at the moment.
some have been taken before, but still around 400k suppose to be around.
maybe we are taking a break today, since the market is flat.
once the dust is gone, we will see another movement in yml.:D
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Any chance there were amongst the 500k sold today? Noticed a lot of cross trading today at the end of the day, including parcels up to 100k. Could it have been a broker all along?

Trade No. Time Price Volume Value Conditions
1 42 3:32:13 pm 65 100,000 $65,000 Crossed
2 41 3:31:17 pm 65 644 $419
3 40 3:31:17 pm 65 8,356 $5,431
4 39 3:28:22 pm 65 1,644 $1,069 Crossed
5 38 3:28:22 pm 65 5,000 $3,250 Crossed
6 37 3:28:22 pm 65 356 $231 Crossed
7 36 3:27:37 pm 65 2,644 $1,719 Crossed
8 35 3:27:37 pm 65 6,356 $4,131
9 34 3:18:07 pm 65 3,144 $2,044
10 33 3:18:07 pm 65 1,856 $1,206 Crossed
 
Mozart56 said:
Any chance there were amongst the 500k sold today? Noticed a lot of cross trading today at the end of the day, including parcels up to 100k. Could it have been a broker all along?

Trade No. Time Price Volume Value Conditions
1 42 3:32:13 pm 65 100,000 $65,000 Crossed
2 41 3:31:17 pm 65 644 $419
3 40 3:31:17 pm 65 8,356 $5,431
4 39 3:28:22 pm 65 1,644 $1,069 Crossed
5 38 3:28:22 pm 65 5,000 $3,250 Crossed
6 37 3:28:22 pm 65 356 $231 Crossed
7 36 3:27:37 pm 65 2,644 $1,719 Crossed
8 35 3:27:37 pm 65 6,356 $4,131
9 34 3:18:07 pm 65 3,144 $2,044
10 33 3:18:07 pm 65 1,856 $1,206 Crossed
Click to expand...

as i remember, there are three 100k orders gone through today. it could be those left over. who knows.
 
Mozart56 said:
You'd think if this was the case it might warrant an announcement. With all the takeover talk at Minara it might not be a priority right now?
QUOTE]

Are Minara a takeover target at the moment? I know that Consolidated Metals are, which might affect YML's Carr Boyd mine, but didn't know about Minara.
Click to expand...
 
gringokonyo said:
Are Minara a takeover target at the moment? I know that Consolidated Metals are, which might affect YML's Carr Boyd mine, but didn't know about Minara.
Click to expand...

I definitely don't know anything about Minara specifically being a takeover target. My Bad.. :banghead: Should really have said "with all the takover talk in the market, it might not be a priority now" I don't know anything, but it seems just about any company in resources is a potential target these days. Consolidated Minerals takeover in situ must be having an affect on the progress of CB, although if there were significant delays you'd think they should have announced that too.

Interesting to see that the SP has now fallen 20c or 25% since the hysteria of two weeks ago .. all without a shred of any new information positive or negative. YML is still a real rollercoaster ATM
 
100k order placed today at .63..looks like some capping going on..... The buy side was starting to accumalate at close of yesterday, with some large orders around .62, .625. Then this 100k order placed at .63 came along, buyers pulled out

....and then of course during pre-open around 50k was showing on the buy side against the 100k order....they of course were pulled minutes before open.....nice work.

The order has only been touched to the tune of 7000 shares, and there are less than 16000 shares for sale between .635 to .70. So if this order is filled we might see a little air to .70 where it meets its first resistance soon after at .71

Last week was the same deal with the layered 200k sells all the way up the sell side in 2 cent increments.

Frustrating to say the least! :banghead:
 

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