Australian (ASX) Stock Market Forum

YML - Yilgarn Mining

YT - i've been watching your recommendations from the sidelines for a number of months now, and mate, you certainly have the midas touch. It just goes to show the value that readers of these forums put on concise, well presented, fundamental research, and how much influence they can have on a small and relatively illiquid company. It seems you now have enough of a following to really make a stock move when you get your posts out there - look out Jim Lennon and Glyn Lawcock!! Thanks for the tips, i think many people have benefited from your research, and we appreciate the time you must put in to find unloved small cap miners with real potential, when there is so much garbage out there to sift through.
 
yeah, I actually pulled my sell order at 33 cents, because who knows how fast this one could climb come the ann.

Would be nice if Tech/a was here as well to give us the play by play!

But not to worry, bring on the Kennas!!!

and as always thanks YT for the solid analysis.
 
Caliente said:
yeah, I actually pulled my sell order at 33 cents, because who knows how fast this one could climb come the ann.

Would be nice if Tech/a was here as well to give us the play by play!

But not to worry, bring on the Kennas!!!
LOL, I bought a few of these on 6 Dec when YT raised it and we first started talking about it. Just happy to sit back and watch for the moment. :)
 
when i read EBs post on the weekend saying he has posted it on other fora, i just had a gut feel it would go up just like it it did when YT first posted about it here at ASF, i bet most of todays activity is due to members on the other fora,

to bad i didnt trust my gut feel and buy in at the start,

oh well
 
Interesting when looking at the chart it looks like a rounded V

Thats a pattern isn't it?

I can't remember, Pattern started on 8/5/06 at a high of 27c bottomed from 27/7/06 - 1/11/06 around 13c and now has finished its pattern at 27c

What happens after a Rounded V pattern?
 
Im holding this, but Im a bit concerned about the run its had today... Im thinking there will be a speeding ticket issued. Again I think this has had a run today solely based on forum gossip.

Not complaining, Hopefully this may bring some much needed attention to YML from other players.
 
YOUNG_TRADER said:
Interesting when looking at the chart it looks like a rounded V

Thats a pattern isn't it?

I can't remember, Pattern started on 8/5/06 at a high of 27c bottomed from 27/7/06 - 1/11/06 around 13c and now has finished its pattern at 27c

What happens after a Rounded V pattern?
The chart won't have as much effect on the price as will the details of the coming announcement on the drilling results. I bought on Friday and first thing this morning. I am waiting for the drilling results to see if I make a profit or loss on the deal, I have a good feeling on this one. The chart will only document the past.
 
well to ANZs credit YML doesnt actually come up on the chart. YMLO does tho! kennas too mentioned bigcharts wont chart YML.

i have sent an email to ANZ ages ago, they replied shortly thereafter that they will bring it to the technical peoples attn, so far nothing yet,
 
when the company releases information to the "market" they make an announcement..

like a drilling result of 100m@60% Fe

:)
 
YML have just responded to the ASX in relation to a volume/price enquiry made today. In the response it is mentioned that the results of the Marillana drilling "should be available in about 1 week".
 
Disco Stu said:
YML have just responded to the ASX in relation to a volume/price enquiry made today. In the response it is mentioned that the results of the Marillana drilling "should be available in about 1 week".
Todays been great for the true YML believers. I can't wait for the drilling results.
DYOR
 
kennas said:
TB, I can't chart this either. Bigcharts doesn't recognise it! :mad:

The rise yesterday was a bit silly imo. Probably looking better now that it's stabilised. This isn't a trading stock atm, but a medium term play perhaps. I think a few members are looking for a quick buck right now as there have been so many short term opportunities recently that when an opportunity comes up, $$ signs appear in everyone's eyes and they just jump on what might be a gravy train. It's not always the case. This stock has good potential and should slowly appreciate with the usual ups and downs. Those wanting to make a quick $ will need to time it well, but it's not generally timing but time in that counts, to quote a famous quoter.

This happened on December 8. I remember it cause i was there!!!! This stock flew up to 25c. Then went down to 20c the next day. Remember guys that this stock is thinly traded. All of the action is most likely from forum ppl. Short term traders right now just wanting a quick buck. They might take profits. I would much prefer this stock to go up slow & steady rather then spike too much. In the long run, the share price with go alot futher if this happens.

I'm going to be up hand on the trigger 10am in the morning. If it gaps 1 or 2 ticks, ill be happy with that. I'm expecting abit of a early run tommorrow morning. But any sign of a blow-off (ie. open price being the high for the day), I'M OUT and taking my profits.

If it continues to hold, i'll hang on for the ride.
 
Dave31 said:
Im holding this, but Im a bit concerned about the run its had today... Im thinking there will be a speeding ticket issued. Again I think this has had a run today solely based on forum gossip.

Not complaining, Hopefully this may bring some much needed attention to YML from other players.
Yeah... it's like every stock should have it's % shares held by the ASF updated daily (in the top 20 shareholder region). For a couple of speccie stocks (EVE, INL, YML etc) it feels like every kid on the ASF is holding.
 
Let's not get over excited. This was trading at 24c last week, so effectively it has only gone up 4c in a week.
OK - so 8c today was great, but I just hand that to the great fundamental analysis carried out by some really good traders.

They have just proved themselves totally correct. The response to the ASX states results from Marillana (the biggie!) due in one week - why wouldn't you be in for a bit of that- it might just double from here in one week.

Extract from the ann:
The Company is not aware of any other explanation for the change in price and the increase in volume of trading of the securities in the Company. Your attention is drawn however, to our most recent ASX release dated 14 December 2006 that advised that assay results from the drilling of the Marillana Iron Ore property were not expected until early January 2007. It is therefore possible that the recent trading in the securities of the Company could be related to speculation regarding those results. Following discussion with the laboratory, it is expected that those results should be available in about one week.

Bring it on!! We're waiting!!
 
anyone had a good look at YML

This stock has got a bit of moentum atm.Seen a good rise on friday and yesterday seen some huge volume increases from fridays trading. And this time next week,when it is possibly around pushing $1 ,there will be plenty of people bleeding they never bought these shares at current levels.

The buying and volume turnover on this stock yesterday suggests some news may have leaked to the market(possibly like gse),but not all of the market are aware of it just yet,which leaves an open opportunity for those that seek good leverage still.We all now know what happened to gse.

If a good ann comes out,most of the leverage will have all but gone,better to take a punt/risk now and be on the frieght train,than to be standing on the side of the railway and watch it flying by too fast to get on board.

YML
 
Too jump on board, or not jump on, hmmm. That is the question. YML could have another bit of a run today. I'll see what is does on open.
 
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