YML - Yilgarn Mining

[tibby]

Just in case anyone else was interested I have copied the course of sales for yml today....just a rough calculation but it looks to be about 400k (shares) put thru at .69 today....

16:10:33 0.6500 1,000
16:10:33 0.6500 9,000
15:43:07 0.6500 15,000
15:43:07 0.6500 2,900
15:43:07 0.6500 75,000
15:43:07 0.6600 75,000
15:43:07 0.6600 7,000
15:43:07 0.6600 19,400
15:42:38 0.6700 3,000
15:29:54 0.6700 12,000
15:29:54 0.6700 18,000
15:27:02 0.6700 11,000
15:13:51 0.6700 3,000
15:09:36 0.6700 10,000
14:32:15 0.6800 5,000
14:32:15 0.6800 7,000
14:32:15 0.6800 1,500
14:25:48 0.6800 500
14:20:11 0.6850 4,500
13:26:53 0.6900 16,796
13:26:53 0.6900 19,204
13:10:56 0.6900 3,000
12:39:11 0.6900 1,000
12:28:51 0.6900 3,000
11:26:39 0.6900 3,796
11:25:46 0.6900 26,204
11:13:26 0.6900 1,796
11:13:21 0.6900 36,000
11:10:58 0.6900 2,204
11:04:58 0.6900 5,000
11:04:35 0.6900 10,000
11:00:35 0.6900 10,000
10:45:09 0.6850 10,000
10:45:09 0.6850 5,000
10:32:28 0.6900 8,000
10:32:28 0.6900 4,796
10:31:43 0.6900 15,000
10:31:43 0.6900 204
10:28:41 0.6900 6,524
10:24:31 0.6900 14,272
10:24:31 0.6900 410
10:22:22 0.6900 9,590
10:22:22 0.6900 2,410
10:21:45 0.6900 10,000
10:18:41 0.6900 3,000
10:17:24 0.6900 15,000
10:17:24 0.6900 19,590
10:17:16 0.6900 5,000
10:16:43 0.6900 25,000
10:16:22 0.6900 24,000
10:15:16 0.6900 6,000
10:15:04 0.6900 5,318
10:15:02 0.6900 6,000
10:14:47 0.6900 14,400
10:13:58 0.6900 4,282
10:11:36 0.6900 20,000
10:11:20 0.6900 718
10:10:22 0.6900 12,000
10:09:55 0.6900 5,000
10:09:16 0.6900 15,000
10:09:16 0.6900 15,000
10:09:16 0.6900 10,000
10:09:08 0.7000 30,000
10:09:08 0.7000 8,579
10:09:08 0.7000 2,000
10:09:08 0.7000 41,703
10:09:08 0.7000 8,297
10:09:08 0.7000 4,404
10:09:08 0.7000 9,796
10:09:08 0.7000 4,285

 

[kransky]

yeah i noticed this... volume grew all day and yet the price didnt change from 69c for ages... is this a bullish sign?

 

[Crash]

Theres a lot of sells lining up in the low 70s. No doubt capping will be suggested, but thats the easiest suggestion to make. This will definitely just bump around seemingly going nowhere until we get some more announcements in the next couple of months.

 

[Bullion]

Ann out. Scoping study to begin, estimated completion first quarter of 2008. Looking promising for the next few months!

 

[tibby]

Ann out. Scoping study to begin, estimated completion first quarter of 2008. Looking promising for the next few months!

YML on the move with scoping ann....last paragraph of ann reads......

"Strategic discussions with potential third-party rail and port infrastructure providers have commenced and will continue during the Scoping Study"

....there on the ball, exciting next 6 months in the works.

 

[Crash]

Two or three months ago this would have made a serious positive impact on the price. You gotta do a whole lot more at the moment to get a positive reaction - the screws are tightening.

 

[kpas]

No one noticed it because there was already an app. 3B out.

Everyone thinks there hasnt been another announcement out.

At least that is my take on it.

 

[Crash]

No one noticed it because there was already an app. 3B out.

Everyone thinks there hasnt been another announcement out.

At least that is my take on it.

3

Well I will keep waiting to see that buying run.......how long do you think it will take for word to get out?

 

[tibby]

3

Well I will keep waiting to see that buying run.......how long do you think it will take for word to get out?

I dont know what is sparking this selling but look at the course of sales...its all small sells, not sure if recent buyers just want out because they thought this one was going to head north every day until the JORC resource ann........a little fear out there for tomorrows fed meeting maybe. I shake my head when I see these prices as I wish I had the cash to pick a few up but I cannot believe the selling going on...like a flock of sheep, one order put up, and others try to squeeze past it......I reckon one big buy and the sell orders will be pulled and those "investors" will rethink why they are selling at mid 60's
IMO...DYOR...

 

[JJP]

Scoping study looks at all project dynamics and serves as independant appraisal to facilate borrowings or fund raisings....if necessary.

This will be an absolute cracker for YML.

Iron ore is a hight margin product and they have plenty of it. Big April 2008 price rise is coming....which goes straight to the bottom line as profit (less tax).

Bannerman Resources out today with a detailed scoping study....same style of report that YML will present when they release their study results. Have a look at Bannerman and you will see the fairly extensive detail, that is provided to the market.

If you read YML announcement and you already own the stock....then probably most YML invesors have some sort of idea of the future roll out of their project.

This is a liitle bit of what I have in mind for YML and certainly what is achievalbe given their location and results of drilling so far.

initial 2 million ton PA road freight delivery to FMG railsiding (60 kms)

target 4 million ton PA mining operation. (year 2)

operating cost (delivered to port)....$35 per tonne.

capex $40 million

pre tax margin 2007 - $25 per tonne (post 2007 up to $50 per tonne)

EBITDA target minimum year 1 ............ $50 million PA
EBITDA target max. from year 2 ..........$200 million PA ($120 million PA)

_________________________________________________________________

Obviously there are other transport options.....I think what I have presented is realistic and very much achievalbe. Low risk and would NOT require further iron ore discoveries. A result much closer to the max target from mid 2009 is the likely outcome.


YML would be on a shareprice of about $10 or cap of $1 billion, at that time.

Except for my company valuation...this is the sort of scoping study headline figures that will be presented.

Outstanding opportunity here.

 

[rico01]

I certainly like your future valuation of YML. Maybe we should start a new thread for all of us who bought at the 20c- 30c level

"From 20 cents to $10 in two years"

We'll all have some nice stories to tell while we sip champagne at the Polo Club

 

[Crash]

Approx 700 thousand sell shares between now and 0.75 capping this one, could be a slow climb, unless someone starts taking a big chunk and the others get pulled. How much is the polo club membership anyway?

 

[Mozart56]

Approx 700 thousand sell shares between now and 0.75 capping this one, could be a slow climb, unless someone starts taking a big chunk and the others get pulled. How much is the polo club membership anyway?

Make that about 1 million sellers.. something not right here. All the news is good and yet someone wants out big time.

 

[Mazrox]

There has been someone offering to sell large chunks of this (150,000 or 200,000 shares) every 2 cents for some months now. Don't know why, just know that it has been happening for ages. Every time the volume parcel gets sold, another one pops up...

Maz

 

[Bullion]

Some of the big hurdles have been passed now. Looking good to break through...

Very positive indeed...

 

[ekman]

guys - can you tell me whose infrastructure will they use. the sp will keep lagging until there is some definitive agreement - remember the fight between Fortescue and BHP+RIO. these 2 giants might as well lock YML out - i believe that the management has to pursue this even first, why wait until you have a JORC as JORC of even 500Million tonnes will mean nothing until one knows where the supporting infrastructure is

 

[MiningGuru]

Has moved up strongly today.

Chart wise it look to me that is going to reach its previous highs and perhaps, push into blue sky territory very soon.

It looks as though the capper has been bought out.

 

[Gurgler]

guys - can you tell me whose infrastructure will they use. the sp will keep lagging until there is some definitive agreement - remember the fight between Fortescue and BHP+RIO. these 2 giants might as well lock YML out

Hey, Ekman, maybe this is where Wayne Richards draws on the contacts he made as a senior exec at BHP in their Iron Ore Division. Hopefully that stands YML in good stead.

 

[YOUNG_TRADER]

Hey guys,

Well YML is certainly starting to heat up again, good times ahead no doubt for all of us!

I think most of this buying would be in anticipation of the upcoming JORC, however I did read in the annual report that it has been delayed untill late Oct, so don't get angry if its not out till then because they have 'informed' us.


Regards

 

[Synergy]

This is definitely a very good start to the long weekend. Keen to see how much that sell depth builds up come next week. Hopefully not too much.