YML - Yilgarn Mining

[Mozart56]

jumped on board at 0.625... took half the day to get there but was worth the wait. some one mentioned name change.
where can i find info on this?

It was mentioned in the last announce on "project updates" No proposed name .. just a note that it will be changing soon.

 

[Mozart56]

It was mentioned in the last announce on "project updates" No proposed name .. just a note that it will be changing soon.

I imagine that this will be detailed in the "activities report" which must be due out any tick of the clock. It's normally out a couple of days after the cashflow one.

 

[Mozart56]

I imagine that this will be detailed in the "activities report" which must be due out any tick of the clock. It's normally out a couple of days after the cashflow one.

Just out - can't see it doing much to the share price - nothing new, same old, same old, with more delays... or did I miss something critical?

No mention of the new name either

 

[gringokonyo]

no mention of the new name either

That won't happen until the Notice of the Extraordinary General Meeting is sent to shareholders according to the media release of 2 July.

Looks like the preliminary work prior to drilling of the other Pilbara tenements will get underway in September.

Mineralisation results for Marillana should be released in September, which means they can then start getting into some serious discussion with the Chinese.

A few more details about the Chinese interest. Otherwise, steady as she goes.

 

[tibby]

Just out - can't see it doing much to the share price - nothing new, same old, same old, with more delays... or did I miss something critical?

No mention of the new name either

Mozart...I read through the quarterly a few times and at first glance I could have dismissed it as "same old, same old"....hard to miss the delay caused by the mecahnical problems with the rig...we knew this already and these things are going to happen....
but I could not keep my eyes of figure 2. Checkout the neighbours to the Marillana project. The report stated that the Marillana project is "[B]very well [/B]located in relation to existing infrastructure" Putting it lightly! RIO, BHP, FMG, Hancock...BHP's railroad runs right thru the valley along with existing main roads.....I know this is old news and when brought to peoples attention would have played a major role in the SP running from 17c only a few months ago.....but as a holder, it feels real nice to look at the map dosent it?? A lot easier to speculate on a specie when you have neighbours like that and infrastructure already rolled out.

"Agents for several Chinese steel mills have expressed an interest in obtaining an offtake agreement and in assisting Yilgarn to develop the Project"

..........Enough said.

Mozart I dont believe you missed anything critical in the quarterly, and perhaps SP will not be affected in the short term (if people were expecting anything new friom the quarterly)......but...as a holder, it has kept my head where it should be with YML...long term...big winner....IMO.

 

[Miner]

Folks
Not sure if I have mentioned this before and surely you know this.
There is a common factor behind the successful iron ore project execution.
Yilgran, Sundane SDL, Fortescue FMG, GBG (?), Moly Metals - the EPCM consultant is Worley Parsons. There is a great synergy of these successful ventures.
What it means probably the operation is serious as a cost efficient and low $ per ton production cost.
Besides Yilgran is very much on target though the actual production is not going to be before end of 2009.

Regards

31 July

 

[Mozart56]

Folks
Not sure if I have mentioned this before and surely you know this.
There is a common factor behind the successful iron ore project execution.
Yilgran, Sundane SDL, Fortescue FMG, GBG (?), Moly Metals - the EPCM consultant is Worley Parsons. There is a great synergy of these successful ventures.
What it means probably the operation is serious as a cost efficient and low $ per ton production cost.
Besides Yilgran is very much on target though the actual production is not going to be before end of 2009.

Regards

31 July

I'm still very bullish on its prospects, but expect that YML won't realise its potential south of October/November this year which could scare off the day traders and invoke a fall. Perhaps more buying opportunities? I bought some more at 62c last week. Fully formed mining operations don't materialise overnight, but I don't feel that the infastructure advantages YML has over its peers aren't factored into the share price yet.

 

[Mozart56]

Looks like the impatient have started to dump. Maybe some good buying opportunities? Market is very shaky at the moment, so even good news stories fail to ignite much interest. Anyone think there will be a rally on the Dow tonight?

 

[powerkoala]

Only time will tell.
This subprime mortgage concerns really goes wild beyond control.
All panic selling on board, can't see where is the bottom of this.
Still holding though, but don't know when to top up or just stick with this amount i had.

 

[Mozart56]

Only time will tell.
This subprime mortgage concerns really goes wild beyond control.
All panic selling on board, can't see where is the bottom of this.
Still holding though, but don't know when to top up or just stick with this amount i had.

I agree - YML is not a short-term play. It has plenty of cash to keep it powering along and the real gains won't be realised until Nov. Does anyone think that steel production will cease by then?

 

[kransky]

The latest announcement says that the first stage of drilling was slowed due to mechanical problems but the infil drilling results are expected in "august/september".
This should contain an initial JORC statement of over 30Mt. Considering that YML were valued at 40c per share on CB alone this itself should give the sp a boost.
The results of drilling of the other targets should then follow in september/october. And considering that there is a historical 6m@63%Fe drill result outside the initial 30Mt area I have high hopes for a nice result from the other targets.
Also, metallurgical test work of mariliana core samples is also to start in early august.

We are in august now so there isn't that much longer to wait before the good news comes

 

[Mozart56]

The latest announcement says that the first stage of drilling was slowed due to mechanical problems but the infil drilling results are expected in "august/september".
This should contain an initial JORC statement of over 30Mt. Considering that YML were valued at 40c per share on CB alone this itself should give the sp a boost.
The results of drilling of the other targets should then follow in september/october. And considering that there is a historical 6m@63%Fe drill result outside the initial 30Mt area I have high hopes for a nice result from the other targets.
Also, metallurgical test work of mariliana core samples is also to start in early august.

We are in august now so there isn't that much longer to wait before the good news comes

Let's just hope the market doesn't implode in between

It is easy to forget that in addition to the sensational Fe resource and location of Marillana there are a couple of very tasty Ni assets too (CB and Irwin Hills)... nice icing for the cake. I bought today on the way down at 58/59c. May buy more tomorrow.

 

[Mozart56]

Let's just hope the market doesn't implode in between

It is easy to forget that in addition to the sensational Fe resource and location of Marillana there are a couple of very tasty Ni assets too (CB and Irwin Hills)... nice icing for the cake. I bought today on the way down at 58/59c. May buy more tomorrow.

Spoke too soon. Looks like the implosion is well and truly underway. Don't you hate heard mentality? If I had more $ I'd buy more shares but after a week of throwing good money after bad you tend to get a bit gun-shy. Anyone care to predict the bottom for YML? Is it 30c?

 

[Bullion]

Yikes... just crashed there didn't it!

And to think we could have sold out at 80c just a couple weeks back...

But is the support at 45c or 35c?

 

[Mozart56]

Yikes... just crashed there didn't it!

And to think we could have sold out at 80c just a couple weeks back...

But is the support at 45c or 35c?

I'm not making any predictions on where the support line is, because I keep resetting it and it keeps falling through! Could be 10c at this rate. Getting seriously burnt here. Is there anyone who genuinely believes that sub-primes will affect Chinese demand for iron ore? Must be, because the sell-off has been brutal.

 

[mostarac]

Not the Chinese demand for iron ore, but more our companies ability to acquire loans to get this iron ore to the Chinese.

My analysis of things anyway ....

 

[Pommiegranite]

Not the Chinese demand for iron ore, but more our companies ability to acquire loans to get this iron ore to the Chinese.

My analysis of things anyway ....

Who needs loans in these times? The chinese will just print more of their own notes and not rely on the Fed's printing machines.

Inflation is all the rage these days

 

[kamil]

I'm not making any predictions on where the support line is, because I keep resetting it and it keeps falling through! Could be 10c at this rate. Getting seriously burnt here. Is there anyone who genuinely believes that sub-primes will affect Chinese demand for iron ore? Must be, because the sell-off has been brutal.

Yeah, way to volatile atm to be confident in TA. Small explorers and others dependent on the ability to borrow money cheaply will get burnt.

 

[gregcourageous]

nickel lost almost 4% today. I dare say speculation that it will drop even more is whats causing the sell down...

 

[kamil]

nickel lost almost 4% today. I dare say speculation that it will drop even more is whats causing the sell down...

So what are the factors causing commodities like nickel to drop so much? China still needs them, right?