Australian (ASX) Stock Market Forum

YML - Yilgarn Mining

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yeah well we expect the JORC to be over 30Mt... likely 30Mt + 25% + a little more..

maybe 45Mt?.. at the current $73M market cap that's $1.62 per tonne of iron ore..

then there are the other near bye gravity targets

:)
 
Hi guys,

I've been taking alot of profits in YML and will most probably sell my balance holding prior to the JORC coming out, too often I've been caught out by the old "by the rumour sell the fact" adage,

YML has certainly been a stellar performer for the last few months,

Now the challenge is to find the next YML, a very difficult task now a days :(

Just thought I'd let everyone know

Cheers
 
All i can say is thanks YT, I am staying around on this for a while but have valued all your contributions. Glad to see you are able to bank a sizeable profit from this.
 
Well guys,

Fare thee well,

Today I sold my remaining stake in YML, so I am out completely, I still think that the stock may have upside given its Iron ore potential, however it has been a great ride for me,

I hope lots of ASF'ers have made a killing of it

Regards
YT
 
well YT I would like to thank you for your research on YML, I certainly benefitted from it, I think it was the first time I invested in one of the company's you posted your research on.

I agree with your thoughts there may well be some further upside but percentage wise there maybe better choices out there.
 
Thanks for invaluable research you do and share with us YT. And for keeping us informed with what you do all along the way. You don't have to do this but you do so I really appreciate what you contribute to these forums. I've already taken profit on YML but this newer parcel I still have I think I will carry through until YML is a producer.

If you find any more YMLs please leave a loud shout. :)
 
I'm still in on this one... the potential of the other gravity targets on the marilliana tenement is keeping me in! Oh and a rerating based on the upcoming JORC..
 
YOUNG_TRADER said:
Well guys,

Fare thee well,

Today I sold my remaining stake in YML, so I am out completely, I still think that the stock may have upside given its Iron ore potential, however it has been a great ride for me,

I hope lots of ASF'ers have made a killing of it

Regards
YT
Click to expand...

I sold half my holding today at a 283% gain, easily my best result on any resources stock. Thanks YT for sharing your research. I'll hang onto the rest for a while, there still may be some upside yet.:)
 
my thanks to you also YT...great job.
purchased this at .20, sold about a third at 67 and another third at 1.04. Still holding the remainder. Very pleased with the results.

Thanks again YT
 
I must be the only one on here left in, up to 1.35 this morning and no comment? Well no doubt a shortage of shares on the sell side if so many got out when it got around $1. Has there been some firming of the JORC announcement date?
 
Crash said:
I must be the only one on here left in, up to 1.35 this morning and no comment? Well no doubt a shortage of shares on the sell side if so many got out when it got around $1. Has there been some firming of the JORC announcement date?
Click to expand...
Good work crash. I made a killing on this one. Bought at 20 cents and sold at 30.... :banghead: :banghead: :(
 
Well Kennas yours is in the bank, mine is still at the mercy of the market! And I am being greedy -so I hope it keeps running.
 
I'm still in and holding patiently. I have sold a decent portion of my holding since buying earlier in the year though. Has been quite an exciting ride so far...
 
i believe these guys are getting more attention due to the assumed resource upgrade and the fact that it is a not a magnetite project. Apparently the iron ore plays that will go well now are the Direct shipping ore companies due to the quick turn around time from exploring to mining. Given it can be 12 months to set up a DSO mine and the location of YML next to BHP and RIO they are perfectly poised to take advantage of this.

Look at other companies also with much less prospective resource and much higher market cap. I think these guys will keep heading north short, medium and long term. With all the talk of consolidation in the market i think YML could also be a good chance of a takeover or JV with a major.
 
YOUNG_TRADER said:
Well guys,

Fare thee well,

Today I sold my remaining stake in YML, so I am out completely, I still think that the stock may have upside given its Iron ore potential, however it has been a great ride for me,

I hope lots of ASF'ers have made a killing of it

Regards
YT
Click to expand...

Hey YT, do you know the expected mine life of YML once it starts producing at full capacity?

thx

MS
 
I knew I would be kicking myself sometime after selling, but I didn't think it'd be this soon.

But then again, I did buy in at 23c, sold at 69c. Then rebought a smaller holding at 64, and sold at 98c... Wish I held out a couple weeks :banghead:

But YML has done well!
 
I got in at 20c back in January and 37c later :eek: and have placed a really loose stop to protect profits. Although I'm enjoying the ride I'm also struggling to find an appropriate exit point.

m.
 

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