YML - Yilgarn Mining

[Mozart56]

I got in at 20c back in January and 37c later 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.

Well I got on at 13c... but that was four years ago. Actually sold some today at $1.40, but still holding plenty!

 

[Mozart56]

I got in at 20c back in January and 37c later 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.

Well I got on at 13c... but that was four years ago. Actually sold some today at $1.40, but still holding plenty! Time to sit back and be patient now

 

[Synergy]

Annual report out this afternoon for those interested. Fairly timley on the back of todays nice price rise. Can it hold these levels tomorrow?

 

[shinobi346]

Their report talks about divesting their non core assets. What would that be? I hope it doesn't involve selling off their nickel.

 

[michael_selway]

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

How much do they plan to produce per annum?

That is, what is the expected mine life etc?

thx

MS

 

[kransky]

they have made no statements regarding production per year / mine life etc.. cant do that before you have a JORC can you?

 

[gringokonyo]

they have made no statements regarding production per year / mine life etc.. cant do that before you have a JORC can you?

Their just released investor presentation indicates that the Marillana scoping study is looking at 5 to 10Mt annual production. They also seem to think that they can prove up over 100MT, so it looks like there will be at least a 10 year mine life.

 

[Crash]

It's just great occaisionally when you have a look at YML and there are less than seven levels of sell orders on the table!

 

[Sean K]

Good work crash. I made a killing on this one. Bought at 20 cents and sold at 30....

aaaaaaaaaaaaaaaaaaaaaaaagggggggggggggggg ggggggggghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@ $1.64

 

[coladuna]

This is insane. Got out at 66 cents about a month ago and been looking to re-enter when there's a dip, but there has been none!
Feeling too risky to enter now that it's been running way too hard, but it keeps going.

 

[Synergy]

$1.64 was just too hard for me to resist.

Still holding, but not as much. This rise has just been amazing.

 

[YELNATS]

this is insane. got out at 66 cents about a month ago and been looking to re-enter when there's a dip, but there has been none!
Feeling too risky to enter now that it's been running way too hard, but it keeps going.

Still holding YML, agonising when to sell, at least partially. Made that mistake with MTN, selling to early, don't want to repeat the blue. Decisions!!!

 

[KIWIKARLOS]

A presumed 100MT of DSO right between the two biggest players in OZ in the current climate for iron ore = SP going crazy.

I don't think we have seen the last of this by far, my personal view is that this baby will keep going on the back of ann to come. From what i understand they may be looking to hock of their nickle mine prospects (which I hope they do) they are going to change their name got the new BHP guys. Very good chance that these guys will also become larger players in ore.

 

[Bullion]

No matter how hard you tell yourself "well I still made a great wad out of this" I'm still

Meanwhile my other trades are going down...

 

[2020hindsight]

bought in the 20s
sold in the 60s
bought in the 80s
sold now at 1.59
I'm leaving some on the table for the next guy - no point in being greedy - or rather whenever I get greedy, I get stung
thanks again YT

 

[sting]

Brought in the 30's and still holding surely this deposit is getting talked about by its bigger neighbours im holding out for the takeover offer that im sure will occur... maybe not this week nor this year but it will come sooner or later


SEMPER UBI SUB UBI

 

[KIWIKARLOS]

my thoughts exactly if this baby can go up almost 20% when ASX down almost 1% with no news imagine what will happen with a good ann on a good ASX day . Yeeeeeeeeeeeeeeehah

 

[Crash]

Should they be due a speeding ticket or is the Annual report enough that came out yesterday enough to hold that off?

 

[rico01]

I averaged down to 40 cents and now have 250 000 left free carried! Wow what a stock to get carried away with. Bring on the JORC!!!

 

[KIWIKARLOS]

i hate you : just make me even more angry that i bought at 24 sold at 60. but still by far one of the best trades i've done. That and CUL (which i did exit at the right time)