YML - Yilgarn Mining
- Thread starter yogi-in-oz
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It's up nearly 10% at the moment on good early volume. It should go close if not get though $1 mark some time today.
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Some deperates selling down as low as .85 though. Good to see the volume and up above 0.96 there this morning.
michael_selway
Coal & Phosphate, thats it!
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Hi YT, what do you think YML should be worth now?
thx
MS
Yilgarn Mining Limited (YML, formerly Agro Holdings Limited) is an exploration company with the major focus being on Iron Ore and nickel projects located within the Yilgarn Craton of Western Australia. The company was re-listed in August 2004.
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I think this mornings run was on the back of a mention by The Ferret, one column can make a big impact it seems.
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Strong again today.
Up to 94.5 c, upalmost 10%. Somebody is accumulating this share prior to the JORC announcement that is due towards the end of the month.
It has always been tightly held.
I wonder how high she can go!
Up to 94.5 c, upalmost 10%. Somebody is accumulating this share prior to the JORC announcement that is due towards the end of the month.
It has always been tightly held.
I wonder how high she can go!
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Not in this with concerns on how to get materials out. I believe there are discussions at moment can anyone update on this? Cheers
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Wow, big open today. Not sure if it can be sustained though. Nice to see that dollar cracked!
Where to next?
Where to next?From today's SMH:
Federal Court dismisses BHP Pilbara rail appeal
BHP Billiton may have to open its railway lines in the Pilbara region of Western Australia to third party users following a Federal Court of Australia ruling today.
The miner had appealed a Federal Court ruling made in December that declared the company's railway lines in the Pilbara were not part of the production process.
This decision paves the way for the rail lines potentially to be declared open to third-party access under the Trade Practices Act.
The full bench of the Federal Court today dismissed BHP Billiton's appeal, but it is not expected to be the end of the matter with BHP planning an appeal to the High Court.
The Federal Court action was brought by the National Competition Council (NCC) and Fortescue Metals Group.
Fortescue is seeking access to BHP Billiton's 426 kilometre Mt Newman line to allow the development of the Mindy Mindy iron ore deposit.
The Australian Competition Tribunal will determine the broader question of whether the rail lines should be declared open to third-party access under the Trade Practices Act.
Fortescue Metals initiated tribunal proceedings in June 2006 after the federal Treasurer, Peter Costello, declined to follow a National Competition Council recommendation that the Mt Newman rail line be declared open to third-party access.
The Mt Newman and Goldsworthy rail lines transport about 100 million tonnes of iron ore each year to Port Hedland for blending, processing and shipping.
AAP
Federal Court dismisses BHP Pilbara rail appeal
BHP Billiton may have to open its railway lines in the Pilbara region of Western Australia to third party users following a Federal Court of Australia ruling today.
The miner had appealed a Federal Court ruling made in December that declared the company's railway lines in the Pilbara were not part of the production process.
This decision paves the way for the rail lines potentially to be declared open to third-party access under the Trade Practices Act.
The full bench of the Federal Court today dismissed BHP Billiton's appeal, but it is not expected to be the end of the matter with BHP planning an appeal to the High Court.
The Federal Court action was brought by the National Competition Council (NCC) and Fortescue Metals Group.
Fortescue is seeking access to BHP Billiton's 426 kilometre Mt Newman line to allow the development of the Mindy Mindy iron ore deposit.
The Australian Competition Tribunal will determine the broader question of whether the rail lines should be declared open to third-party access under the Trade Practices Act.
Fortescue Metals initiated tribunal proceedings in June 2006 after the federal Treasurer, Peter Costello, declined to follow a National Competition Council recommendation that the Mt Newman rail line be declared open to third-party access.
The Mt Newman and Goldsworthy rail lines transport about 100 million tonnes of iron ore each year to Port Hedland for blending, processing and shipping.
AAP
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Not a done deal but huge news, and FMG has done most of the dirty work! Lets hope the appeal doesnt succeed.
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Good to see people seeing this as a positive step because I don't really. Sure the rise in SP is nice but YML has always held a upper hand over other companies in getting access to BHPs railway line since that contacts man jumped on the board. This change, if it goes ahead, will put other iron ore companies in the Pilbara area, and around Australia closer to where YML is now in negotiating for access to other company's rail line.
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DJ MARKET TALK: BHP Rail Decision Has Little Impact - Analysts
0402 GMT [Dow Jones] Dismissal of BHP Billiton (BHP.AU) appeal of Federal Court
decision on its Pilbara rail lines has little impact on any of the stocks involved,
analysts say. BHP lost its appeal against decision that its iron ore rail lines are not
part of the production process. While the decision is a win for Fortescue (FMG.AU) which
brought the action, it is building its own railway to service its iron ore project. Any
final outcome on third party access to rail lines in the Pilbara to be made by the
Australian Competition Tribunal, which analysts say could be years away. Little movement
in stocks as result of decision; FMG up 0.6% at A$49.27 while BHP up 0.9% at A$44.12.
(APW)
0402 GMT [Dow Jones] Dismissal of BHP Billiton (BHP.AU) appeal of Federal Court
decision on its Pilbara rail lines has little impact on any of the stocks involved,
analysts say. BHP lost its appeal against decision that its iron ore rail lines are not
part of the production process. While the decision is a win for Fortescue (FMG.AU) which
brought the action, it is building its own railway to service its iron ore project. Any
final outcome on third party access to rail lines in the Pilbara to be made by the
Australian Competition Tribunal, which analysts say could be years away. Little movement
in stocks as result of decision; FMG up 0.6% at A$49.27 while BHP up 0.9% at A$44.12.
(APW)
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Well quite clearly YML is not on their radar yet, as to me it appears that it has had some affect on YML. As I said before not a done deal yet, but a positive sign for now.
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This share is exploding today!
Up to $1.15 already.
People are now realising how undervalued this Iron Ore company really is!
I wonder where it can finish today?
$1.20?
I'm in for the long haul in this one.
Up to $1.15 already.
People are now realising how undervalued this Iron Ore company really is!
I wonder where it can finish today?
$1.20?
I'm in for the long haul in this one.
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- 30 November 2006
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Yeah holding on too. Know a few that are just getting in now, so hopefully a long way to go. All things pointing positively at this stage.
Old fashioned profit-taking, you would think. Interesting to see if it can continue its advance in the coming days/weeks. I will be tempted to accumulate some more if the price retraces somewhat.
