NIO - Nickelore

[Bingo]

I am not a chartist.

I own HCY and want to sell, however, I looked at the charts today and I thought they looked bullish so decided to hold. Can someone please offer an opinion on the charts.


Bingo

[doctorj]

I've never thought much of using tech analysis for stocks as cheap as this one trading such low volumes. I don't mind trading breakouts on good volume, but on this stock the break out has already happened, volume has dropped off and its fallen into a new trading range. That said, MACD is bullish, but I don't think it means too much.

[Bingo]

Doctorj,

Thank you for your comments.

Bingo

[tech/a]

A bit more.

[doctorj]

I guess I'm going to have to discuss things with my data supplier. Thanks for letting me know.

[Bingo]

Closed at 2.7c so based on tech/a's chart looks bullish. I will hold a bit longer.


Bingo

[Bingo]

There are 57 Million options exercisable at 3c by 31 March 2005. I wonder if they are being pushed to get these exercised.

Bingo

[petee]

The new high grade discovery of gold at the bardoc project should bring gold reserves up over 1 million oz..stock still low after a few great announcements..anyone have any news on this gold play??

[trader]

the new high grade discovery of gold at the bardoc project should bring gold reserves up over 1 million oz..stock still low after a few great announcements..anyone have any news on this gold play??

Why would you even be looking at this dog? You would have lost half of your money in a year if you had invested in it and there are no signs at all of it recovering.

[hypnotic]

Hey all,

http://www.minebox.com/story.asp?articleId=7673

just a recent article about this company. I am interested in buying. :confused:

Can anyone offer any comment on this stock?

Cheers,

Hypnotic

[petee]

Folks watch Halcyon Group(HCY) with yesterdays news of new nickel discovery with joint venture partner Minara resources(previously Anaconda Nickel)..good buying support and can move well with also a large copper discovery and gold and uranium potential..any comments and ideas please as really want to get into this one b4 it hits blue sky/??

[smelly sox]

HALCYON GROUP LTD FPO .. copper find buyers building

[snapper_man]

Had a look at Halcyon a few months ago. Love the ex-tech wreck companies that get into mining for a quick buck or is it to justify their own existence using your money? A kazillion shares and some ramped up announcements based on nothing. Having said that I dont know if they have in fact found something recently or that their price might skyrocket - but buyer beware, a true spec.

[INORE]

someone just put down $50,000 plus on HCY...does anybody have any goss?

[Realist]

I own some HCY.

Someone was telling me the other day there'll be some big news soon.

Search for HCY - there is another thread on it!

volume of 3.5M today. up to .015 nothing too exciting... :confused:

[INORE]

yeah its been a while since an announcement on their nickel jv...they just keep regurgitating their copper drill results...surely with the amount of exploration cash that minara has ploughed into the jv they would be keen to get the ball rolling one way or another... i've had HCY shares on and off for a while now...reasonably unusual for such a large singular purchase like this without an announcement...

[INORE]

HCY just applying for uranium tenure...plenty of risk but look at the price/prize

[bigdog]

Todays ANN

Monday 16 October 2006
Company Announcements Office
Australian Stock Exchange Limited

URANIUM APPLICATION ADJACENT TO 5,430PPM U3O8

The Directors of Halcyon Group Ltd (ASX: HCY) are pleased to announce that the Company has applied for tenure containing the same drainage channel that nearby had trench sampling assay up to 5,430ppm U3O8. These samples were taken during the last surge in Uranium exploration activities (in the late 1970s) when the price was last over US$40/lb U3O8, there has been little activity since during lower commodity prices but today the price is now over US$55/lb U3O8.

The Company has named the 100% owned tenure (ELA29/634-area of 208 km2) the new Lake Marmion Uranium project, which is located ~130kms north of Kalgoorlie in Western Australia. Halcyon believes that the Lake Marmion Tertiary drainage channel is highly prospective for Uranium in calcrete
type deposits such as the world class Yeelirrie deposit (35 Million tonnes @ 1,500ppm U3O8) to the north.

During the last exploration phase the Lake Marmion area was subjected to heavy unseasonal rains which restricted access for conducting ground radiometric scintillometer surveys which were designed to follow-up anomalies from airborne surveys. Most of the project area is unexplored due to the regular coverage of shallow water and present day sand/silt which masks any potential radiometric responses from airborne scintillometer surveys therefore negating the likelihood of any follow-up exploration activity.

From the previous airborne radiometric scintillometer surveys the Uranium responses where converted into contours to highlight anomalous areas for drill testing. As shown in the attached maps the continuation of the anomalies where the 5,430ppm trench sample was taken trends along the eastern shore line of Lake Marmion into Halcyon’s ground where no exploration has been conducted.

Previously a restricted (partially due to water coverage) program of Auger drilling to a maximum depth of 3.2m was used to follow-up the trench samples with only the top 1.0m of each hole assayed, this returned a best result of 800ppm U3O8.

Halcyon believes the project area remains essentially untested for calcrete hosted Uranium deposits and will commence ground radiometric scintillometer surveys and follow-up drill testing (with drill rigs designed for lake exploration) immediately upon granting of the tenure.


Kind regards
HALCYON GROUP LIMITED
Andrew Radonjic

www.halcyongroup.com.au

MANAGING DIRECTOR

[porkpie324]

Hey realist, hope the same happens to HCY as happened to MRE, I bought some HCY about a month ago not to many though. I closed my MRE CFDs last friday along with MCR CFDs porkpie

[Realist]

Hey realist, hope the same happens to HCY as happened to MRE, I bought some HCY about a month ago not to many though. I closed my MRE CFDs last friday along with MCR CFDs porkpie

Yeah I hope so. MRE is over 130% from what I bought it at. Still holding.

I still hold HCY up 0.001 today. :o

[petee]

I own some HCY.

Someone was telling me the other day there'll be some big news soon.

Search for HCY - there is another thread on it!

volume of 3.5M today. up to .015 nothing too exciting... :confused:
yesRealist what u heard is correct..the news today about the Uranium is only the beginning for HCY..there is plenty more to be announced including the Minara JV and the copper gold as well..the Minara JV will be up and running short term as the infrastructure is in place to transport high grade ore to the murrin murrin plant..cheers all

[hector]

Pete,
One other benefit of holding HCY vs DYL is that no-one is ramping the stock!

[petee]

Pete,
One other benefit of holding HCY vs DYL is that no-one is ramping the stock!
no need to ramp HCY..let the market do its job :) ;)

[watsonc]

Anyone still holding this one? I'm thinking of jumping in with a fair bit of money. It's a bit of punt, but I feel there may be some good news around the corner!

Any thoughts?

[rederob]

Anyone still holding this one? I'm thinking of jumping in with a fair bit of money. It's a bit of punt, but I feel there may be some good news around the corner!

Any thoughts?
shhhhhhhhhhh
don't tell anyone
it's got to be a secret
(or it's ramping, ok!)

[petee]

Anyone still holding this one? I'm thinking of jumping in with a fair bit of money. It's a bit of punt, but I feel there may be some good news around the corner!

Any thoughts?
what do u call a fair bit of money???im definately holding my stock tho only just over 2million as this one has so much going for it..put them away in the bottom drawer..news will just keep getting better

[watsonc]

What do guys make of the news today?

[petee]

What do guys make of the news today?
lol i just think a very standard AGM resolutions..if ur not willing to take a risk my dear Watson regarding HCY hehe then maybe investment in RIO,BHP or ANZ etc may be the one for u hehe..remember high return high risk,low return low risk hehehe..seems to me ur not really a speculator :eek: and i suggest a spec investment might keep u awake at nights hehe

[INORE]

watson...me thinks they are just trying to gain access to funding for any uranium exploration if they get the lease....

[petee]

watson...me thinks they are just trying to gain access to funding for any uranium exploration if they get the lease....
LOL check all the resolutions in all the AGM notices of mining companies yesterday..they all have the same resolutions its standard practice..the beauty of HCY is that they have very little downside haha hence the price and good projects ahead..i made a slick 40K last year on HCY in at .013 out at .26 but now i wont be selling as the company has moved into a different category with Uranium and the Ni tests out soon.

[bigdog]

Petee,

Can you please provide your valued opinion of todays ASX page five ANN?

Sounds very good.

http://www.asx.com.au/asxpdf/20061031/pdf/3zbvwfspqj416.pdf


2006 ANN accounts issued Sept 29 2006 reports:
-- revenue increasing $78000 to $290000
-- net loss reduced from $237000 to $113000
-- net assets have increased from $3.0 to $5.0 million
-- current assets increased from $683000 to $1058000 including cash of $669000
-- current liabilities total $281000

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=hcy#headlines

[petee]

Petee,

Can you please provide your valued opinion of todays ASX page five ANN?

Sounds very good.

http://www.asx.com.au/asxpdf/20061031/pdf/3zbvwfspqj416.pdf


2006 ANN accounts issued Sept 29 2006 reports:
-- revenue increasing $78000 to $290000
-- net loss reduced from $237000 to $113000
-- net assets have increased from $3.0 to $5.0 million
-- current assets increased from $683000 to $1058000 including cash of $669000
-- current liabilities total $281000

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=hcy#headlines
well John im continuing to hold as i believe the projects they have are excellent..patience i think will be rewarded.especially now they have the rights for the uranium leases in highly prospective area..at the moment im waitingMinara/Halcyon joint venture MMI scans of the nickel sulphides..should be out anytime soon..cheers

[bigdog]

Peter,

What is the connection of HCY with Minaro (MRE)?

The SP of MRE has increased from $1.89 Dec 30 2005 to currently $5.40 (285% increase)

Should the HCY SP be effected by the MRE SP and by how much?
-- the Dec 30 and current SP is 0.13 and 0.014 with little movement!

[petee]

Peter,

What is the connection of HCY with Minaro (MRE)?

The SP of MRE has increased from $1.89 Dec 30 2005 to currently $5.40 (285% increase)

Should the HCY SP be effected by the MRE SP and by how much?
-- the Dec 30 and current SP is 0.13 and 0.014 with little movement!
Dear John..Halcyon and Minara hold the joint venture Bardoc Nickel deposit..its already at a reasonably advanced exploration stage tho further drilling will be required once the MME scans are released..Minara has murrin murrin nickel deposit nearby connected to bardoc thro rail and infrastructure meaning all ore produced at bardoc will be railed to murrin murrin plant for processing..MRE is a solid producer with excellent cashflows and are keen to get bardoc online to produce more at these historically high nickel prices..dont worry bout the share price as it will be rerated as development occurs..cheers

[INORE]

Does anyone know how long M&M scans normally take? Surely they would have the info by now and have to disclose to ASX (good or bad)...?

Surely they would also have some drill results of copper plant...drilling apparently started 2 months ago...

:banghead:

[petee]

Does anyone know how long M&M scans normally take? Surely they would have the info by now and have to disclose to ASX (good or bad)...?

Surely they would also have some drill results of copper plant...drilling apparently started 2 months ago...

:banghead:
if u want to get fast results from scanning "M&M" results then go to the supermarket and grab a pack of the confectionary rack..these r MMI scans and take some time to determine the viability of long term resource..also the copper/gold drilling is followup drilling from the last good results and just relax..time will tell..this isnt a casino

[INORE]

er yeah thanx for that sarcasm peatee...the M & M actually stood for metallurgical and mineralogical testwork...

[petee]

er yeah thanx for that sarcasm peatee...the M & M actually stood for metallurgical and mineralogical testwork...
er thanx INORE i didnt realise cadbury M&Ms needed to go thru metallurgical and mineralogical testwork but there u r..the world continues to amaze :) :eek: :cool:

[INORE]

Yeah thanks again peetee...your choc full of useful information.

anyway...after reading the last statement of HCY it appears they have allready carried out the MMI testing on a couple of areas which (pending results) will determine drilling in these areas. Which makes me think they would have allready done the MMI tests on the Western Zone and now they are doing M & M testing on core samples. This would probably all fall under a a pre-feasibilty/bankability study which may all be put to MRE for a decision to go ahead for a full feasibilty study and that decision being released to market.


Peetee
A visit to this site and a click on the 'getting started' tab tells me that the turnaround for a typical MMI scan is 3 weeks. Do you know if HCY are using another MMI lab which takes longer than this?

http://www.mmigeochem.com/frwelcome.htm

[petee]

Yeah thanks again peetee...your choc full of useful information.

anyway...after reading the last statement of HCY it appears they have allready carried out the MMI testing on a couple of areas which (pending results) will determine drilling in these areas. Which makes me think they would have allready done the MMI tests on the Western Zone and now they are doing M & M testing on core samples. This would probably all fall under a a pre-feasibilty/bankability study which may all be put to MRE for a decision to go ahead for a full feasibilty study and that decision being released to market.


Peetee
A visit to this site and a click on the 'getting started' tab tells me that the turnaround for a typical MMI scan is 3 weeks. Do you know if HCY are using another MMI lab which takes longer than this?

http://www.mmigeochem.com/frwelcome.htm
not sure what lab they using but sounds like u could be right INCORE..yes sorry bout the choc thing hehe..well i guess the good thing about HCY is they have a number of promising projects and good to be JV with Minara..also the uranium prospects appear very promising even tho early stages..cheers

[watsonc]

Promising volume again today. Maybe people are expecting some results soon, or some people know a few things. Either way it's looking good!

[greggy]

Promising volume again today. Maybe people are expecting some results soon, or some people know a few things. Either way it's looking good!
Bought some HCY this morning at 1.6c. HCY is looking to get into uranium. It has recently applied for tenure adjacent a 5,430ppm U3O8 trench sample, located in the Lake Marmion Tertiary drainage channel which is highly prospective for Uranium in calcrete deposits, 130 kms north of Kalgoorlie, WA. The MD is Andrew Radonjic, who is also a director of VMS.
As always, do your own research before buying/selling.

[bigdog]

We are due for some update on progress soon!

What are your thoughts Petee?

The Qtrly September 2006 report issued
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00663603

Activity during the quarter continued to have a dual project focus though a third project was added just recently; firstly the Company committed to a third phase of drilling at the Mount Pleasant Copper Project located 32 kilometres north west of Kalgoorlie in Western Australia, secondly Halcyon as part of the Joint Venture with Minara Resources Ltd were it is earning up to 70% of the nickel rights on the Bardoc Project, located a further 15 kilometres to the north of Mount Pleasant continued to conduct metallurgical and mineralogical test work on sulphides intersected in the Western Zone, and thirdly an application for highly prospective Uranium exploration tenure 130 kilometres north of Kalgoorlie was submitted this is to be named the Lake Marmion Uranium Project.

Summary
The Company recommenced drilling at the Mount Pleasant Project this quarter by following-up High Grade Copper (“Cu”) drill results at the New Mount Pleasant Mineralised Zone such as 1m @ 10.95% Cu from 53m, 2m @ 7.12% Cu from 52m, 2m @ 6.34% Cu from 71m and 1m @ 8.78% Cu from 75m, testing for extensions along strike to the north with a 400m long coincidental copper and zinc soil anomaly, targeting beneath the old Mount Pleasant Copper Mine and testing a copper soil and magnetic anomaly also along strike to the north.

The Bardoc Nickel Joint Venture with Minara Resources Ltd continued to perform further Metallurgical and Mineralogical test work on the sulphide section of the drill hole that intersected disseminated sulphides in the Western Zone prospect. Results are expected shortly, a positive outcome would support further drilling to outline a resource amenable to open pit mining.

Halcyon has applied for tenure adjacent to a 5,430ppm U3O8 trench sample, located in the Lake Marmion Tertiary drainage channel which is highly prospective for Uranium in calcrete type deposits and is located ~130kms north of Kalgoorlie in Western Australia. These samples were taken during the last surge in Uranium exploration activities (in the late 1970s) when heavy unseasonal rains severely hampered exploration therefore leaving potential for further discoveries along strike into the new project area.

During the September Quarter the Company continued to review its 100% owned gold assets at the Bardoc Project for economic potential of the known gold prospects at the recent higher gold price of over A$770/oz.

There were no dedicated base metal exploration activities at Bardoc during the quarter.

Halcyon has completed the sale of the Timbarra Heap Leach Plant to Exco Resources NL.

Detailed information on all aspects of the Company’s corporate and exploration activities can be found on
Halcyon’s newly updated website www.halcyongroup.com.au

[greggy]

We are due for some update on progress soon!

What are your thoughts Petee?

The Qtrly September 2006 report issued
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00663603

Activity during the quarter continued to have a dual project focus though a third project was added just recently; firstly the Company committed to a third phase of drilling at the Mount Pleasant Copper Project located 32 kilometres north west of Kalgoorlie in Western Australia, secondly Halcyon as part of the Joint Venture with Minara Resources Ltd were it is earning up to 70% of the nickel rights on the Bardoc Project, located a further 15 kilometres to the north of Mount Pleasant continued to conduct metallurgical and mineralogical test work on sulphides intersected in the Western Zone, and thirdly an application for highly prospective Uranium exploration tenure 130 kilometres north of Kalgoorlie was submitted this is to be named the Lake Marmion Uranium Project.

Summary
The Company recommenced drilling at the Mount Pleasant Project this quarter by following-up High Grade Copper (“Cu”) drill results at the New Mount Pleasant Mineralised Zone such as 1m @ 10.95% Cu from 53m, 2m @ 7.12% Cu from 52m, 2m @ 6.34% Cu from 71m and 1m @ 8.78% Cu from 75m, testing for extensions along strike to the north with a 400m long coincidental copper and zinc soil anomaly, targeting beneath the old Mount Pleasant Copper Mine and testing a copper soil and magnetic anomaly also along strike to the north.

The Bardoc Nickel Joint Venture with Minara Resources Ltd continued to perform further Metallurgical and Mineralogical test work on the sulphide section of the drill hole that intersected disseminated sulphides in the Western Zone prospect. Results are expected shortly, a positive outcome would support further drilling to outline a resource amenable to open pit mining.

Halcyon has applied for tenure adjacent to a 5,430ppm U3O8 trench sample, located in the Lake Marmion Tertiary drainage channel which is highly prospective for Uranium in calcrete type deposits and is located ~130kms north of Kalgoorlie in Western Australia. These samples were taken during the last surge in Uranium exploration activities (in the late 1970s) when heavy unseasonal rains severely hampered exploration therefore leaving potential for further discoveries along strike into the new project area.

During the September Quarter the Company continued to review its 100% owned gold assets at the Bardoc Project for economic potential of the known gold prospects at the recent higher gold price of over A$770/oz.

There were no dedicated base metal exploration activities at Bardoc during the quarter.

Halcyon has completed the sale of the Timbarra Heap Leach Plant to Exco Resources NL.

Detailed information on all aspects of the Company’s corporate and exploration activities can be found on
Halcyon’s newly updated website www.halcyongroup.com.au
As someone who has bought 500,000 this morning, I feel that HCY has the potential for a strong upwards move. The Mt Pleasant Copper Project looks very interesting indeed with its high grades thus far as well as its JV with Minara Resources at Bardoc. However, I feel that the real icing on the cake will come when more people wake up to the fact that HCY is also adding the Lake Marmion Uranium Project to its portfolio of assets.
I will be looking to buy some more as I feel that this stock has real potential, especially with Andrew Radonjic as MD. It has gone up as high as 1.8c today on good volume.
As always, do your own research before buy/selling.

[bigdog]

The AGM was held today (two hours ago)

A couple of big buyers of volume, but SP is cheap and hit 0.019

[greggy]

The AGM was held today (two hours ago)

A couple of big buyers of volume, but SP is cheap and hit 0.019
Definitely good volume today (over 6.5 mill thus far)..maybe some smart people rushed out and bought some more after the AGM.

[greggy]

The AGM was held today (two hours ago)

A couple of big buyers of volume, but SP is cheap and hit 0.019
Now over 8.5 million shares have gone through. The seller at 1.8c is nearly out.

[Caliente]

hi, i like what i see. took a massive parcel (for me) at 1.8c :D \

best of luck to all holders
-Caliente

[greggy]

hi, i like what i see. took a massive parcel (for me) at 1.8c :D \

best of luck to all holders
-Caliente
Welcome aboard. Turnover now 10 million shares plus. Current quote 1.8/1.9c.

[petee]

As someone who has bought 500,000 this morning, I feel that HCY has the potential for a strong upwards move. The Mt Pleasant Copper Project looks very interesting indeed with its high grades thus far as well as its JV with Minara Resources at Bardoc. However, I feel that the real icing on the cake will come when more people wake up to the fact that HCY is also adding the Lake Marmion Uranium Project to its portfolio of assets.
I will be looking to buy some more as I feel that this stock has real potential, especially with Andrew Radonjic as MD. It has gone up as high as 1.8c today on good volume.
As always, do your own research before buy/selling.
100% correct Greggy..HCY has been asleep for some time but watch the coming months..will see big rises

[greggy]

100% correct Greggy..HCY has been asleep for some time but watch the coming months..will see big rises
There's been a placement done for HCY at 1.3c raising around $300,000. I feel that the placement could have been done at a higher price, but atleast they've got the cash now. If the price falls a bit I'll buy some more.
As always, do your own research before buy/selling.

[Caliente]

looks like I took an expensive position atm. Feeling sheepish! Looks like next week for me.

[KIWIKARLOS]

i bought in yesterday at .018 :banghead:
but i think this one will def go higher in the next quarter. I too would buy more if they were cheaper but all my money is tied up in other stocks.

Does anyone know how there copper deposit is going i mean is it pretty well proven reserves or still in early test stage?

[Caliente]

hahha, we can bang heads together!

But in all fairness, buying into this type of breakout situation is a clearcut win/lose situation - you win some you lose some. Besides, I'm expecting Halcyon management to report good things at Lake Marmion and beyond.

[greggy]

looks like I took an expensive position atm. Feeling sheepish! Looks like next week for me.
If it wasn't for the placement, I think that the share price would have gone higher today. After yesterday's performance, the chart was looking very good. It seemed that HCY was heading for a strong run. Anyway, look on the bright side, HCY's prospects still look very interesting (nothing has changed in this regard) and they've now got extra funds. Also, have a look at other specs that have hovered around the 2c mark and their subsequent performance. A lot of them have rallied from these levels when they have obtained uranium interests. Now that HCY is following the same way, there is strong potential for HCY to move up as well.
As always, do your own research before buy/selling.

[nizar]

tech/a are you reading this thread?

people are talking about averaging down and "bottom drawer"

[Caliente]

nizar, I detect sarcasm ^_^ Enlighten me/us please! :D

[greggy]

tech/a are you reading this thread?

people are talking about averaging down and "bottom drawer"
I feel that in this strong market, that HCY has the potential to go for a strong run, especially that it is in the process of acquiring tenure prospective for uranium. As stated already, I feel it has fallen today on the back of the placement, a temporary setback for the share price. This is not a stock for the bottom drawer as it is very speculative.
Just have a look at other companies that have been re-rated since acquiring uranium assets and HCY has a good MD in Mr Radonjic who is also a director of VMS.
As always, do your own research before buy/selling.

[greggy]

nizar, I detect sarcasm ^_^ Enlighten me/us please! :D
Sacarsm is one of the lowest art forms.

[nizar]

Greggy, Caliente.

See the chart i posted in the "Psychology of Investing" thread from last week post #19.

Averaging down and bottom drawer are common themes.

(Im not having a go at you at all, i wished someone had shown me this chart when i first started)

[petee]

many will cry when they sold their holdings at a loss only to look in the near future to see HCY has risen big time..the trading pattern now has changed..last year i bought in .013 sold out at .026..from now on HCY is in a totally differnt situation with the bardoc and mt pleasant projects looking good and the new prospective uranium projects..lok at the buyer support i for 1 will be holding..good luck all u speculative punters hehe :)

[greggy]

Greggy, Caliente.

See the chart i posted in the "Psychology of Investing" thread from last week post #19.

Averaging down and bottom drawer are common themes.

(Im not having a go at you at all, i wished someone had shown me this chart when i first started)
Hi Nizar,

Perhaps, I've taken your last message the wrong way, especially when you put bottom drawer in inverted commas. I've been trading specs successfully and unsuccessfully for 27 years now. You win some and lose some. Last check for HCY was 1.6c/1.7c.

[Caliente]

cheers. Every day i learn something new, especially from wiser and more experienced traders like yourself and today is no exception/.

seeing as this is the HCY thread, I might as well point out that there is a swing in momentum, since this mornings "shocker" of a start and a massive ground base of support at 0.015.

[nizar]

Hi Nizar,

Perhaps, I've taken your last message the wrong way, especially when you put bottom drawer in inverted commas. I've been trading specs successfully and unsuccessfully for 27 years now. You win some and lose some. Last check for HCY was 1.6c/1.7c.

No worries. I dont know anything about HCY. Just wanted to make point that its very dangerous to invest/trade while averaging down, because you dont know where the bottom is.

But well done, obviously 27yrs you know what your doing much more than me, and must be very successful to be trading for that long.

[greggy]

cheers. Every day i learn something new, especially from wiser and more experienced traders like yourself and today is no exception/.

seeing as this is the HCY thread, I might as well point out that there is a swing in momentum, since this mornings "shocker" of a start and a massive ground base of support at 0.015.
I've recently spent many hours doing research on HCY and feel that it has strong potential. THis stock tends to open up weakly and ends strongly. I hope the sceptics will be proved wrong in the end. I still rember buying 4 million VPE at 1.4c a couple of years back and everyone was knocking my purchase. I hope that this will be a similar situation.
As always, do your own research before buying/selling.

[greggy]

No worries. I dont know anything about HCY. Just wanted to make point that its very dangerous to invest/trade while averaging down, because you dont know where the bottom is.

But well done, obviously 27yrs you know what your doing much more than me, and must be very successful to be trading for that long.
Hi Nizar,

I have my good periods and bad periods trading. I still seem to sell too often too early. I also undertake plenty of research (I don't have a life!) before buying/selling. Mates again.

[toc_bat]

greggy

what is VPE? has their name changed? are they traded on a foreign exchange. I just wanna see their chart.

edit: how many shares on issue in HCY? Im a newbie and my anz etrade doesnt seem to have this info on offer. How does one find out such basic stats, comapny websites? etc.

[greggy]

greggy

what is VPE? has their name changed? are they traded on a foreign exchange. I just wanna see their chart.
VPE stands for Victoria Petroleum Exploration and is listed on the ASX.

[KIWIKARLOS]

my mates bought into VPE a while back, doesn't seem to have much movement. I looked into their projects, seemed like alot of focus on finding oil in the cooper basin?

not sure if their is much potential in that area?

[greggy]

my mates bought into VPE a while back, doesn't seem to have much movement. I looked into their projects, seemed like alot of focus on finding oil in the cooper basin?

not sure if their is much potential in that area?
Hi KIWIKARLOS,

I haven't looked at VPE for at leat 18 months after selling out for a good profit, so I do not want to lead people astray by commenting on it.

[toc_bat]

VPE stands for Victoria Petroleum Exploration and is listed on the ASX.

thanks greggie, etrade and the asx website will only display it for me as VPEDA

i thought all index names were only three letters,

[greggy]

greggy

what is VPE? has their name changed? are they traded on a foreign exchange. I just wanna see their chart.

edit: how many shares on issue in HCY? Im a newbie and my anz etrade doesnt seem to have this info on offer. How does one find out such basic stats, comapny websites? etc.
HCY has around 540 million shares so its easy to get in and out of. Often a number of their announcements have a link to their website which is
www.halcyongroup.com.au
I have an Etrade account as well, having dumped ComSec, so its a matter on clicking News. Also, take a look at HCY's website which is very interesting. It even contains some media articles on HCY. HCY is very speculative, but the potential rewards are there.
As always, do your own research before buying/selling.

[toc_bat]

HCY has around 540 million shares so its easy to get in and out of. Often a number of their announcements have a link to their website which is
www.halcyongroup.com.au. I have an Etrade account as well, having dumped ComSec, so its a matter on clicking News. Also, take a look at HCY's website which is very interesting. It even contains some media articles on HCY. HCY is very speculative, but the potential rewards are there.
As always, do your own research before buying/selling.


hey thenks greggy, sorry bout the stupid questions, i feel like im at school again, btw i worked out the vpe vs vpeda thing, dumped comsec, wow could it be worse than etrade? etrade has been down quite a few times this week. ok, also i managed to find on etrade that market cap is 9mil, so i manged to diivde that by 1,7c. i certainly like the look of it, definitely one to stick $1000 into just in case, or more if i had more to spare. esp if they find Uranium.

btw this forum is fantastic, so many experienced users willing to help out.

[greggy]

hey thenks greggy, sorry bout the stupid questions, i feel like im at school again, btw i worked out the vpe vs vpeda thing, dumped comsec, wow could it be worse than etrade? etrade has been down quite a few times this week. ok, also i managed to find on etrade that market cap is 9mil, so i manged to diivde that by 1,7c. i certainly like the look of it, definitely one to stick $1000 into just in case, or more if i had more to spare. esp if they find Uranium.

btw this forum is fantastic, so many experienced users willing to help out.
No worries. My father taught me most of what I know about the market. HCY's last sale at 1.8c.

[greggy]

No worries. My father taught me most of what I know about the market. HCY's last sale at 1.8c.
Plenty of interest in HCY. Over 10 million sold, last sale 1.7c.

[INORE]

There's been a placement done for HCY at 1.3c raising around $300,000. I feel that the placement could have been done at a higher price, but atleast they've got the cash now. If the price falls a bit I'll buy some more.
As always, do your own research before buy/selling.

So what will HCY do with this $300,000?

-Drilling at their 100% owned tenure at bardoc?
-Specialised drilling required at the uranium tenure they are applying for? (does anyone know how long this application approval take?)
-For a feasibility study on the copper project?
-a big xmas party bash? hmmmm

[INORE]

big trades today up to 2c

[Dave31]

I got out at 0.019c
could have held out longer. Hopefully this signals a breakout soon. Has sat around with no movement for a while.

edit: wow didnt I make the wrong choice. Buyers far outweigh the sellers... alot of support there

[INORE]

yeah i was watching the stock all morning and it jumped from about 3mill trades to about 18mill trades in about 15-30 minutes...announcement shortly...seen it all before

[Snakey]

in @ .02
small parcel
lunch time special

[nizar]

in @ .02
small parcel
lunch time special

Yep agree it looks good.
I've got a few as well.

[Caliente]

interesting - has touched 2.1 cents. No news either.... :sly:

[MiningGuru]

Recent action makes this very interesting.

In @ 2c

See what happens over the next few days.

Will that announcement come?

[MiningGuru]

Finishing strongly. Now shares are being offered at .22c

Massive volume.

I expect an announcement in the next day or so.

[Caliente]

agreed, there's a fascinating tug of war happening atm, with a mystery offscreen buyer who sweeps away sellers periodically at the 0.021 position

[nizar]

agreed, there's a fascinating tug of war happening atm, with a mystery offscreen buyer who sweeps away sellers periodically at the 0.021 position

Interesting. No transactions for the last 10mins.

WHat id like to see is a flurry in the next 10mins where the buyers at 0.021 step up and chase, forcing a close of 0.022. That would be very bullish for 2mrw.

[MiningGuru]

Has just hit .22

Will it hold for the close?

[INORE]

last time hcy traded high like this it was around an announcement with their MRE nickel JV....the copper announcements would hardly make a dent.

[greggy]

last time hcy traded high like this it was around an announcement with their MRE nickel JV....the copper announcements would hardly make a dent.
Looking good isn't it. Lucky I didn't listen to the doubters and sold.
As always, do your own research before buying/selling.

[petee]

looks good yes.apparently i heard today that there r two things happening..one is the uranium leases are about to be granted and there is a huge resource already outlined from past exploration and the JV nickel project with Minara is about to get up and running and apparently the resource at Bardoc is very large..having said all this just do your own research as this is what i heard today and i cant really verify the accuracy tho judging by the huge volumes today and buyer support something is going on..good luck all

[nizar]

Was meant to close at 2.2c.
Last was 0.022 at 400pm.
Then from 400-415pm the brokers closed it down to 0.02 :banghead:

[petee]

Was meant to close at 2.2c.
Last was 0.022 at 400pm.
Then from 400-415pm the brokers closed it down to 0.02 :banghead:
What does that mean Nizar?

[Caliente]

Just wondering, just who is allowed to trade from 4:00 - 4:15pm?

Certainly not us little retail investors =(

[nizar]

Just wondering, just who is allowed to trade from 4:00 - 4:15pm?

Certainly not us little retail investors =(

Only brokers.

Petee, i think its pretty self explanatory.

[petee]

Only brokers.

Petee, i think its pretty self explanatory.
what i meant was...who can trade after 4pm??why would they knock the price down??for what reason???

[nizar]

what i meant was...who can trade after 4pm??why would they knock the price down??for what reason???

Only Brokers can trade between 4-4:15pm.
They can either lift the price or depress it. Dunno really the specifics of how it works.

[chops_a_must]

I think it's only floor traders.

[canaussieuck]

That was the match price being settled at the of the day, simple as that.

[nizar]

That was the match price being settled at the of the day, simple as that.

Yeh but i still think this is a decent breakout.
You agree?

[canaussieuck]

Yeh but i still think this is a decent breakout.
You agree?

Could be, its only broken its range, forming another rounded bottom, may turn into a double saucer bottom, could break out of that again. Check out the weekly chart Niz, its looking ok, and would be a reasonable low risk entry. Its cheap too. But its early days for these guys, nothing yet to show for....like so many others i guess. :confused:

Cheers,

[petee]

hi all..heaps of buying support coming in now pre-open..there must be some news just around the corner..goodluck all

[MiningGuru]

Moved up strongly to 2.3c this morning.

Great signs for a good announcement very soon!

[toc_bat]

Only Brokers can trade between 4-4:15pm.
They can either lift the price or depress it. Dunno really the specifics of how it works.

actually nizar i have done quite a few trades week at the 4,10pm time, just place an order with etrade after close and before 4,10 and it may go through depending on my price, infact i found out about this accidentally by playing around with a trade which was left after close only to suddenly see my parcel taken out

[ALFguy]

This is definitely being suppressed to allow accumulation.

1 Mil orders keeping it in place.....for now? ;)

[petee]

This is definitely being suppressed to allow accumulation.

1 Mil orders keeping it in place.....for now? ;)
what does that mean AFLguy???why would that happen??

[ALFguy]

what does that mean AFLguy???why would that happen??

If someone wants to pressure others to sell, they can simply place very large sell orders just above the current asking price. As the stock is sold down, the same person buys at a lower price....thus accumulating. Sometimes the only way to get the stock at the price they want and prevents it from soaring too high.

That's my thoughts anyway, might be wrong.

This has a great deal of support around 2c yesterday.

[INORE]

looks good yes.apparently i heard today that there r two things happening..one is the uranium leases are about to be granted and there is a huge resource already outlined from past exploration and the JV nickel project with Minara is about to get up and running and apparently the resource at Bardoc is very large..having said all this just do your own research as this is what i heard today and i cant really verify the accuracy tho judging by the huge volumes today and buyer support something is going on..good luck all

Petee, where did u hear this info? I know you cant verify the accuracy but if you give us some idea of your source we may feel a bit more comfortable that you just aren't spruiking HCY...

[toc_bat]

petee it wasnt on hot copper that you heard this was it?

[toc_bat]

hmmmm looks like accumulation is over the time being

[ALFguy]

Petee, where did u hear this info? I know you cant verify the accuracy but if you give us some idea of your source we may feel a bit more comfortable that you just aren't spruiking HCY...

Almost word for word what was written at hotcopper!

[toc_bat]

hasnt been a trade for almost half an hour, the only positive thing about this is some reasonable support from sellers i guess, but is the lack of buyer support a greater negative?

[petee]

Petee, where did u hear this info? I know you cant verify the accuracy but if you give us some idea of your source we may feel a bit more comfortable that you just aren't spruiking HCY...
hi Inore oh i didnt see that in hot copper actually i havent read that magazine??...this is from a group of very close friends who have been very reliable to me in the mining industry...they have excellent contacts with ppl in the know..i too hope its right but seeing something like that is in hot copper and also with the activity looks fine to me..anyhow i am feeling maybe a rally this afternoon..goodluck all..btw where can i read that article in hotcopper/?

[ALFguy]

Yeah, lack of buyers is the problem....seems to have fallen asleep.
Not that many selling at 2c though, made up mostly by that 2.31mil

Some chart info here:

http://freedailychart.blogspot.com/

[Dave31]

am I seeing right... 10mil buy at 1.6c and 1.5c

[petee]

am I seeing right... 10mil buy at 1.6c and 1.5c
yea i see that too and also looks like now plenty buyer support..looks like maybe the 2 and 2.1 could be taken out fast...very strange trading really when 18 million shares can go thru the market in under 10 mins..anyhow lets see what happens..cant really give a comment either way just see what we see

[ALFguy]

Yeah looking healthier now, buyers building, could pop

[bigdog]

What is happening with sales of HCY?

There has been no sales since 1230
Volume-----Value --Last Traded
33,538,971 697,262 06-Dec 12:30:40 PM

Sellers
Orders Quantity Price
11 5,457,511 0.019
9 4,401,111 0.018
13 5,035,734 0.017
11 10,000,000 0.016

Buyers
Price Quantity Orders
0.020 3,533,519 8
0.021 2,820,000 11
0.022 6,054,981 10
0.023 1,930,000 6

[Dave31]

^^^ think you've got your buyers and sellers round the wrong way

Someone really wants to kill the price, 2x 10mil orders at low prices... Would be a shame to see those orders filled, but I think they are there to pull the price down.

might re-enter at my previous sell price, the stock needs more confidence to keep going however

[toc_bat]

its teetering, its about to fall or rise, i for one think fall is more likely in the short term, shame i gought at 22c just before close yesterday, doh

[ALFguy]

Has actually shifted from

Bids: 28mil Sell: 30mil

To

Bids: 48mil Sell: 29mil

However, just one sell into 1.9 could see it fall yes!

[greggy]

Has actually shifted from

Bids: 28mil Sell: 30mil

To

Bids: 48mil Sell: 29mil

However, just one sell into 1.9 could see it fall yes!
Sold my HCY this morning at 2.2c/2.3c this morning for quick 40% turnaround.
This stock has plenty of potential, but I saw a good profit and took it. I'm now looking at adding MZM to my portfolio with the proceeds. good luck to all HCY shareholders.
As always, do your own research before buy/selling.

[MiningGuru]

Share has now pushed on up.

Now 2.1c on strong volume.

Lets see how it finishes today. A close at 2.1 or 2.2 would be good

[sydneysider]

Share has now pushed on up.

Now 2.1c on strong volume.

Lets see how it finishes today. A close at 2.1 or 2.2 would be good

Well bid now at 2.1. This one looks good technically and both the base metal and nickel JV look very promising. My first impression is that the ni project has a lot of shallow intersections over a lengthy strike zone.

[greggy]

Well bid now at 2.1. This one looks good technically and both the base metal and nickel JV look very promising. My first impression is that the ni project has a lot of shallow intersections over a lengthy strike zone.
Don't forget about the prospective uranium project in WA. In this market this project is of most interest considering that most uranium stocks are running hot at present.

[bigdog]

help me understand how a crossed trade works when there are sellers at 0.021 1,565,000 8

Then there is a crossed sale at 0.020 332000 $6,640.000 Crossed

Las three trades
Date Time Price ($) Quantity Value ($) Conditions
06-12-2006 03:20 PM $0.020 332000 $6,640.000 Crossed
06-12-2006 03:10 PM $0.021 285000 $5,985.000
06-12-2006 03:10 PM $0.021 215000 $4,515.000

BUYERS -------------- SELLERS
Orders Quantity Price Price Quantity Orders
8 2,584,481 0.020 1 0.021 1,565,000 8
14 7,047,511 0.019 2 0.022 4,333,981 10
8 4,201,111 0.018 3 0.023 2,430,000 7
14 14,496,334 0.017 4 0.024 3,598,049 13

[sydneysider]

help me understand how a crossed trade works when there are sellers at 0.021 1,565,000 8

Then there is a crossed sale at 0.020 332000 $6,640.000 Crossed

Las three trades
Date Time Price ($) Quantity Value ($) Conditions
06-12-2006 03:20 PM $0.020 332000 $6,640.000 Crossed
06-12-2006 03:10 PM $0.021 285000 $5,985.000
06-12-2006 03:10 PM $0.021 215000 $4,515.000

BUYERS -------------- SELLERS
Orders Quantity Price Price Quantity Orders
8 2,584,481 0.020 1 0.021 1,565,000 8
14 7,047,511 0.019 2 0.022 4,333,981 10
8 4,201,111 0.018 3 0.023 2,430,000 7
14 14,496,334 0.017 4 0.024 3,598,049 13

A crossed trade is where the same broker "marries" a buyer and a seller from his own clients. They just both agree to do a trade at a set price. Many crossed trades involve large blocks of stock.

[toc_bat]

wasnt this simply a case of a seller selling to a buyer at ,02, the other trades either side of it were buyers buing from ,021 sellers

see yas

[sydneysider]

wasnt this simply a case of a seller selling to a buyer at ,02, the other trades either side of it were buyers buing from ,021 sellers

see yas

Yes, except they agreed to the price "off the screen" and then executed thru the market. None of the other "on screen" bidders get a chance to buy in this situation.

[toc_bat]

how can you tell? my market depth by etrade shows no differenc for this trade, as far as i can tell it looks just like every othe

[bigdog]

I use Westpac broking and the last 10 trades details trans type

Halcyon Group Ltd (HCY)
Date Time Price ($) Quantity Value ($) Conditions
06-12-2006 03:59 PM $0.021 90000 $1,890.000
06-12-2006 03:58 PM $0.020 100000 $2,000.000
06-12-2006 03:55 PM $0.021 125000 $2,625.000
06-12-2006 03:54 PM $0.021 30239 $635.019
06-12-2006 03:54 PM $0.021 30000 $630.000 Crossed
06-12-2006 03:54 PM $0.021 139761 $2,934.981 Crossed
06-12-2006 03:52 PM $0.021 95239 $2,000.019
06-12-2006 03:34 PM $0.021 65000 $1,365.000
06-12-2006 03:34 PM $0.021 20000 $420.000
06-12-2006 03:34 PM $0.021 100000 $2,100.000

[toc_bat]

another etrade shortcoming!

[INORE]

Don't forget about the prospective uranium project in WA. In this market this project is of most interest considering that most uranium stocks are running hot at present.

Greggy, i really hope your right about the uranium tenure getting granted but from what i've seen recently it takes about 6 months from application to approval and HCY only applied about 2 months ago.

eg have a look at reefton http://www.reeftonmining.com.au/old/announcements/index.html

they applied for Badja on 26/4/06 and were granted license on 5/12/06 which is approx 6 months.

i now think that the HCY rise must be to do with the copper drill results (which i doubt would effect trades this much) or the MRE JV announcing something significant.

[greggy]

Greggy, i really hope your right about the uranium tenure getting granted but from what i've seen recently it takes about 6 months from application to approval and HCY only applied about 2 months ago.

eg have a look at reefton http://www.reeftonmining.com.au/old/announcements/index.html

they applied for Badja on 24/6/06 and were granted license on 5/12/06 which is approx 6 months.

i now think that the HCY rise must be to do with the copper drill results (which i doubt would effect trades this much) or the MRE JV announcing something significant.
I bought HCY on the basis (and hope) that the uranium tenure will be granted soon. Since their recent related ASX announcement on this application ( from memory it was in Oct 06), HCY has done well. It seems that any company that mentions that it is looking for uranium projects is having a good run. But I agree with you that HCY has very interesting projects.
As always, DYOR.

[INORE]

HCY still trading high numbers compared to normal even tho SP dropped a little. still plenty of interest at about 25% higher SP than a fortnight ago...

petee ....have u got any more news.....?

[petee]

what im hearing on HCY at the moment is that MT Pleasant copper and gold resource will be significantly upgraded..apparently the copper resource is looking huge and the Bardoc JV with Minara results out soon on a positive outlook..really thos i cant evrify any of these rumours so we will wait and see but i felt this morning HCY would come off a little and thinking will rally in the afternoon and tomorrow..this is my feeling only looking at the chart and the way whenever small holders sold this morning at .019 the buyer snapped up immediately

[INORE]

Cheers

[petee]

really love to see some news..with volumes like this on no news,imagine what could happen on good news..i guess life is about patience :banghead: ;)

[MiningGuru]

Solid buying support.

Was pushed to 1.9c but now back at 2.0c

Lets see if it can push past 2.0c where it has been pushed back to at the end of the for a few days now.

[petee]

as i said earlier today looks like a rally on closing with heaps buyer and the 2 almost gone..looks set for tomorrow..goodluck all

[petee]

frustrating stinking thing.. :banghead:

[INORE]

patience...

[petee]

patience...
:) yea thanks for the reminder

[INORE]

well what the hells going on now?

[Dave31]

I posted too soon in INL... but

12mil buy @ 2.1c !

what is going on!

[toc_bat]

man am i ever gonna learn? i bought this a few days ago when it first reached 2,2c only to see it habg around at 1,9c, yesterday i thought was my last chance to sell at 1,9 before the slide started so i did only to see it come back again, im still too new to all this, when i see a drop of 15% or more i start to get really worried, must learn that things go up and down, all the time and two days is not a long time, maaaaaaan, anyway i reckon one or maybe a few bigger guys are accumulating, drove the price to 2,2 a few days ago, stopped buying, hence the vol drop off, let it cool off and now theyre back,

[INORE]

yep this is daytraders paradise...until HCY make an announcement it becomes a challenging climate to trade in. there was alot of trade in the .021-.023 range a few days ago so i think it will take alot of volume to breakout past .025 - .026....ish

[petee]

good for daytrading yes but looking at the trades here..was 12million buy at .021 then dissapeared totally as price fell.the 12million order was pulled just b4 the price fall..there is market manipulation and im looking at the trading pattern and thinking tread with caution as can slip very very fast..looking at the history it seems good trading between .013 and .022..very suspicious looking im feeling now..sorry to seem bearish..i still hold but think ill get on the daytrade with this one..to cheap to hold and so many shares..Goodluck all

[KIWIKARLOS]

When you say suspicious do you mean big players could be manipulating the price to accumulate or day traders maybe?

From what i understand they have 3 main projects the JV for nickle the copper resource and new uranium tennant?

Does anyone know the progress and potential of these projects

[petee]

When you say suspicious do you mean big players could be manipulating the price to accumulate or day traders maybe?

From what i understand they have 3 main projects the JV for nickle the copper resource and new uranium tennant?

Does anyone know the progress and potential of these projects
ive only heard rumours but now i been thinking..they raised a mere 230K from a .013 issue just the other week..on a worse case scenario big guys could be pushing the price up thus we saw 12mill buy order only to dissapear..then once these guys got the price high enough they dump all their billions of shares to unsuspecting buyers and send down price to the normal range of 1.4 to 1.5 and then the cycle continues..just an observation as where did the phantom 12million buyer go..he dissapeared 20 seconds b4 20million shares were dumped on to the market..hmm food for thought..i hold but i will wait and hope to buy back in 1.5ish

[INORE]

just a lazy 43 million traded today so far....allmost seems normal for this stock at the mo.

i partly agree with petee's theory and partly think that it's been a long long time since they made an announcement of substance, so perhaps there is some truth to the rumours and hence there are some genuine big investors trading these quantities...

[petee]

there r buyers yes but on the sell side its massive..ive been right many times with HCY and my gut feeling is there will be a short term dump and buying opportunity back at 1.5...lets see if im right..this could drop to 1.5 within minutes with a large order and that would make a tidy trade profit for the big fish who bought in last few days..then they buy back in traders paradise

[toc_bat]

just a lazy 43 million traded today so far....allmost seems normal for this stock at the mo.

i partly agree with petee's theory and partly think that it's been a long long time since they made an announcement of substance, so perhaps there is some truth to the rumours and hence there are some genuine big investors trading these quantities...

at a very rough calculation, say about $3million has traded in the last few days since the big volume surge, that i snot that much money in the bigger scheme of things, so it could purely be rumour based, but there does seem to be manipulation which could indicate anything really, namely that big player wants to load up cheap cos hes got some red hot inside info or it could be a big day trader palying with it cos of all the RUMOURS and interest, now that im out think ill wait for an ann and maybe not get to see the full rise but might just catch some of it,

[toc_bat]

petee

you seem to be talking less of your info from your contacts and more about day trading and rumours, is something up? your contacts give you a different signal? im not being facetious or cynical if thats the way i might be coming across.

ok bye

[MiningGuru]

There is still alot of buying support.

A lot at 2.0c. It has been trading at 2.1c for most of the day with a few trades at 2.2c

Still a lot of volume.

It will be interesting to see if it can hold on to 2.1+ for the close

[KIWIKARLOS]

I got out at .021 today after buying in at .018 and .02 make a lil profit but i swear there is something suss going on with this stock. I'm prob just been paraniod though :sly:

[INORE]

There is still alot of buying support.

A lot at 2.0c. It has been trading at 2.1c for most of the day with a few trades at 2.2c

Still a lot of volume.

It will be interesting to see if it can hold on to 2.1+ for the close


yeah dunno if this buying support is just a player setting up people with a false sense of security ie. his buy orders....

although on one hand it seems obvious that the stock is being manipulated, on the other hand, there is still a sh1tload of money being traded at this consistent sell range....for SOME reason.....

[Georgeb]

My broker has told me to buy. He thinks in the short term it should get to 3c. I bought at 2c. I will wait and see.

[INORE]

i am very surprised you have a broker that will recomend a buy on such a spec. stock george b......

and how many will/did u buy?

[KIWIKARLOS]

if this stock is being manipulated its not with big dollar values. I mean volumes of 48Mil at 0.02 c isn't really alot when you look at companies like INL than move 100M +at 20-30 c.

If a big institutional investor was buying in woldn't you expect higher volumes considering the value?

At the moment i get the feeling its day/short term traders that are moving the SP around

[MiningGuru]

Well today it finaly finished above 2c at 2.1c

For a few days it closed higher and then was pushed back down after 4:00pm.

Is that a good sign?

It might be a promising sign as the rest of the mininbg sector was down a bit today.

[INORE]

Well today it finaly finished above 2c at 2.1c

For a few days it closed higher and then was pushed back down after 4:00pm.

Is that a good sign?

It might be a promising sign as the rest of the mininbg sector was down a bit today.


i think it is a good sign...i think the DT's would have sold it back down to .02 if they were the only players....but i still think alot of volume req'd to breakout past .025...unless an announcement is made

[sydneysider]

i think it is a good sign...i think the DT's would have sold it back down to .02 if they were the only players....but i still think alot of volume req'd to breakout past .025...unless an announcement is made

Results are due from their open pittable hi grade cu project in WA. Sample project has multiple targets. Current resource will probably be upgraded. HCY Nickel JV is also expecting results. This is also a shallow open pittable ni resource. Stock is being well bid ahead of news. Current market cap is $11 million so positive news will have upside. Both projects are low cost and lead times to production could be very short.

[petee]

hi all..my feeling on HCY this week is it will drift back to 1.5 as there is no news and im feeling all the hype last week was large holders pushing the prices up to sell out..there is weakness in the stock now and until something substantial is announced i cant see it getting over 2.2..i agree that to get to 2.5 HUGE volumes will need to be traded and much easier to fall than rise is my view short term..just a gut feeling but most times im right in this..i dont really like rumours especially in a stock soo cheap...Goodluck all

[INORE]

I hope your wrong petee, there appears to be alot of support at .019 and .020....didnt u say u got out of stock last week? It would be handy for you if the stock did drop back to .015....

[petee]

I hope your wrong petee, there appears to be alot of support at .019 and .020....didnt u say u got out of stock last week? It would be handy for you if the stock did drop back to .015....
no im still in INORE but thinking really about getting out now and check back in in a week or two..will see what happens but in my experience in this stock when it runs like this it comes back as fast..and loking at the light volume compared to late last week it indicates just what im saying..anyhow time will tell but was reading 2006annual report last night and the auditors report warning is a worry..anyhow its standard procedure with such a highly speculative stock

[MiningGuru]

The chart looks strong

Volume has ben strong, and it looks as though it will pass the previous high and get to around 2.8c

Strong buying support.

I doubt that it will collapse to 1.5c. More likely push higher.

[petee]

The chart looks strong

Volume has ben strong, and it looks as though it will pass the previous high and get to around 2.8c

Strong buying support.

I doubt that it will collapse to 1.5c. More likely push higher.
yea but MINING GURU u dont know this stock like i do..i have tracked the history and u watch..we will see who is right..u or me..but now its already down to 2 and the buyers will quickly "vanish" as they always do and with such huge volumes it would be sold down so fast..u watch its typical of this stock :banghead: ;) :) :2twocents

[petee]

look at the signs..sellers disapearing like hot cakes :banghead: when to sell when to sell :banghead: :2twocents hopefully b4 it gets to 1.5

[KIWIKARLOS]

I wasn't sure last week to sell or not glad i did at .021 :rolleyes: If it gets to .015 ill think of buying back in.

Would you guys load up at 1.5-1.6c?

[MiningGuru]

You could still sell at 2.1c today if you wanted to.

The buyers are still there!

[petee]

I wasn't sure last week to sell or not glad i did at .021 :rolleyes: If it gets to .015 ill think of buying back in.

Would you guys load up at 1.5-1.6c?
yea id load up at 1.4 if and when it gets there...i have lots anyhow but thinking that 1.4 to 1.5 is a good entry..i was a buyer from 1.8 down to 1.3 b4 the run and had an average entry of 1.5..at thoose levels was down even until recently..today it looks weak tho lower volumes and i think will close under 2

[petee]

heading south now..sellers dumping..brace for this afternoon..its typical of this stock :banghead: :2twocents

[toc_bat]

petee, what happeend to the news you were hearing from your friend/s who had some inside info or cntacts with the co? whats their latest?

[sydneysider]

petee, what happeend to the news you were hearing from your friend/s who had some inside info or cntacts with the co? whats their latest?

I have no contacts but just noticed a bunch of chompers entered the stock at 1.8, then a bunch of decent sized lots went at 1.9 and now hit 2.0. Maybe news is coming? Could run from here?

[INORE]

I just bought some more stock, i calculate that this is the stocks temp bottom for the near term...

[petee]

I just bought some more stock, i calculate that this is the stocks temp bottom for the near term...
goodluck INORE but i can tell u this stock will continue to fall in the short term..look my last few posts..i been right all along and have no reason to change on my gut feeling..u can buy late this week or next at 1.4 to 1.5..just watch

[MiningGuru]

It has moved 2c in the last few minutes

2c has been chomped. Something going on!

[Caliente]

hey mmmining. Its a sad fact with this stock that somethings been going on foreverrr.....

petee maite, I've also held since 0.018 but am convinced for the short term this resistance will not be broken.

Still holding till the next solid announcement.

[petee]

hey mmmining. Its a sad fact with this stock that somethings been going on foreverrr.....

petee maite, I've also held since 0.018 but am convinced for the short term this resistance will not be broken.

Still holding till the next solid announcement.
yea its typical of HCY..as soon as it runs like a while ago,in come the sellers and push back down..my view is buyers come in to push it up but cannot afford more hence sellers push down..hence the 177K seller..there is no news and to be honest this stock is enough to drive anyone crazy LOL

[petee]

oh one other thing..HCY can have 10plus million on the buy side and all of a sudden they dissapear within seconds..phantom buyers pushing it up..just my observations of this stock

[INORE]

hey mmmining. Its a sad fact with this stock that somethings been going on foreverrr.....

petee maite, I've also held since 0.018 but am convinced for the short term this resistance will not be broken.

Still holding till the next solid announcement.

yep, i agree that they are well due for an announcement with substance... it's unusual for these volumes to continue for so long without any announcement. I beleive that the trades we've seen over the last 2 weeks are, 70% speculation/daytraders and 30% are from people that think they know something...IMO....

[MiningGuru]

2.0 and 2.1c have been chomped.

Lets see if it can break the 2.2c resistance level!

It will then be on the move.

[MiningGuru]

Announcement!


Thursday 21 December 2006
Ref: 606/127
Company Announcements Office
Australian Stock Exchange Limited
Level 4 Exchange Centre
20 Bridge Street
Sydney NSW 2000
DRILLING RESULTS POINT TO POTENTIAL NEW COPPER ZONES AT MOUNT PLEASANT
The Directors of Halcyon Group Ltd (ASX: HCY) are pleased to announce that the Company has
intersected Copper values of up to 3.61% Copper (“Cu”) from drilling at the Old Mount Pleasant Copper
Mine with supporting surface stockpile samples assaying up to 5.32% Cu. At a new fourth drill target
area located a further 500m to the north-west up to 0.38% Cu was intersected near surface.
These are strong indicators that a new copper zone adding scale to the project maybe close to discovery.
Success in this area combined with that already delineated deposit at the New Mount Pleasant Mineralised
Zone could provide sufficient tonnes of Cu metal available to develop a first stage mining and milling
operation at the Mount Pleasant Project.
The outcomes of the last round of exploration drilling are as follows:
1. Old Mount Pleasant Copper Mine (84.3 tonnes @ 7.6% Copper was mined in 1960-62)- 6 holes
where drilled in this campaign, surface stockpiles were sampled and 2 old gold targeted drill holes where
re-sampled, the highlights being:
􀂠 1m @ 3.61%Cu, 8.6g/t Silver (Ag), 1.46g/t Gold (Au) & 0.04% Cobalt (Co) within 2m @
2.56%Cu, 4.7g/t Ag, 0.79g/t Au & 0.03% Co from 23 metres in HMPC061.
􀂠 Surface Stockpiles returned a best result of 5.32%Cu, 7.4g/t Ag & 0.23g/t Au, 0.08% Co &
0.21% Zinc (Zn).
􀂠 1m @ 0.84%Cu, 7.4g/t Ag & 0.14g/t Au from 35 metres (resample of previous gold drillhole).
Further drilling is required to delineate the high grade trend associated with the previous mining.
2. North-west of the Old Mount Pleasant Copper Mine – a new drill target area based on a Cu soil
anomaly 500 metres away was tested by a total of 3 holes in this campaign, the highlight being:
􀂠 1m @ 0.38%Cu & 3.4g/t Ag within 8m @ 0.24%Cu & 1.0g/t Ag from 16 metres in HMPC058.
Further drilling is required to intersect higher grades at depth or along strike.

1. ITT (.23) & ITTO (.08) Exposed to Copper, Uranium, Gold, Lead-Zinc, Nickel, $3.5mil cash in bank, 21mil! shares on issue, Both projects drilling atm results to flow Dec/Jan.
2. CYL (.27) Drilling completed 20 holes for Molybdenum now we wait results.
3. VMS (.24) Exposed to Copper, uranium, Gold, Zinc etc.. 26mil shares, $5mil in bank, soon to drill on Olympic Dam Style Target in SA for copper.

[bigdog]

HCY ASX ANn just posted

HCY 10:29 AM Potential New Copper Zones at Mount Pleasant

http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00680861

Potential new copper zones at Mt Pleasant up to 3.61% copper and surface samples 5.32%

[Caliente]

the depth charts at commsec on HCY are confusing me!

is this an artefact of conditional trading orders?

edit - its resolved itself.

Lets see how the market views this announcement.

Looks like a positive push so far, but the sell side is jammed something chronic :)

[bigdog]

The buyers are jumping in since todays ANN and SP up 10% to 0.021

Liked the ANN

[petee]

as with all past announcements this one wont hold up id say..huge sellers coming in..really i cant understand why the nickel JV results havent been announced..weird thats for sure...taking too long in my opinion...getting sick of waiting on this dog..think ill get out..what r ur views anyone??

[Caliente]

just a point to bear in mind petee. you and i have both been following this one for a while, and remember that it moved up to 0.023 when there was no news at all? Logic would dictate that on the back of an announcement the market should price HCY higher than this figure.

I think you should hold for a bit longer, but thats not financial advice, just a suggestion :)

[petee]

just a point to bear in mind petee. you and i have both been following this one for a while, and remember that it moved up to 0.023 when there was no news at all? Logic would dictate that on the back of an announcement the market should price HCY higher than this figure.

I think you should hold for a bit longer, but thats not financial advice, just a suggestion :)
yea ill watch a bit longer but as with past announcements i cant see anything really of substance in this announcement today..see how it goes

[ozeb]

ive never seen it move past 0.021 since i bought it. hopefully the news will push it past that barrier. but i'm not holding my breath. hee

[powerkoala]

will it be the next mls ?
hm... strong buyers with 5M each at 2.3c :confused:

[MiningGuru]

Now moved up to 2.4c.

10 mill buyers at 2.3 and 2.2

Looking strong!

[Caliente]

rofl, powerkoala please dont say that! You'll jinx it. But if I were a technical analyst I'd probably be looking at this one a bit closer atm. Where is Kennas?

Looks like 2.4 just got taken out.

[bigdog]

Ready to move beyond 0.024 and volume is the highest since May 23 (97 million)

SP now 0.024 with just one seller at 0.024
-- next 0.025

Volume now is 53 million and climbing by the minute and will exceed 97 million are the current level of trades

Petee; you loved HCY

[powerkoala]

oopss.. didn't mean to jinx anything :)
but before i also jump in at the same price level
so with this strong buyers and nice announcement...
it may worth :2twocents

[porkpie324]

Have just checked quotes, up .4c with over 53ml traded, looks good to me. listed the quotes below. porkpie
7 11,810,244 2.3 2.4 675,048 3

7 10,768,458 2.2 2.5 5,379,000 14

5 7,125,000 2.1 2.6 2,094,049 8

11 6,550,000 2 2.7 1,979,763 9

7 3,335,500 1.9 2.8 2,125,426 12

13 5,650,000 1.8 2.9 1,700,000 3

12 5,093,000 1.7 3 2,048,000 7

13 7,285,000 1.6 3.1 200,000 1

7 4,769,337 1.5 3.2 400,000 1

8 2,250,000 1.4 3.4 690,000 2


90 64,636,539 17,291,286 60

[powerkoala]

what the %#$$# ???
that 2.3c is dummy buyers.....

[Tekmann]

that 2.3c WAS dummy buyers.....


Still lot of buyers return with strong sentiment.

[MiningGuru]

I think someone dumped a whole lot of shares to push the price back down.

They want those shares!

[porkpie324]

PK,whats a dummy buyer??

[powerkoala]

PK,whats a dummy buyer??

first they put buy order with huge number at 2.3c
separate into 3 orders... 3M, 4M and 5M each...
to entice ppl to buy higher...
I guess they also sold their holding at 2.4c..
once their holding sold....
they canceled their buy order....
that makes sellers panic and sell at low price....

[Tekmann]

first they put buy order with huge number at 2.3c
separate into 3 orders... 3M, 4M and 5M each...
to entice ppl to buy higher...
I guess they also sold their holding at 2.4c..
once their holding sold....
they canceled their buy order....
that makes sellers panic and sell at low price....

And I thought WE we the DUMMY buyers for falling for the setup.... :D

Seriously your spot on pk, and they might even use accounts from different brokers to avoid being detected....sad but true...

PorkiePie as long as you know the rules of the game, you at least stand a chance...

[porkpie324]

Thanks PK for the exp. You will have to excuse your kiwi cousins we're not used to so many sharks, but I'm shiftin over to the Gold Coast next year so may I'll wise up a little. porkpie

[powerkoala]

well, u can see the movement with IRESS
but still somehow, we become greed and got into their trap as well
LOL :D
darn it.. i have to calculate the lost i make for tis one :(

[petee]

well im out of this dog with 25K profit and dont say i didnt warn u all..this dog will surely attract the ASIC watchdog..too many inexperienced punters will lose so much today..look at my post earlier today..this is typical of this dog..good luck all

[petee]

also as u can see buy orders dissapear with HCY as fast as they appear..its all dummy orders..watch ur backs and ur wallets..these sharks stop at nothing...

[Tekmann]

well im out of this dog with 25K profit and dont say i didnt warn u all..this dog will surely attract the ASIC watchdog..too many inexperienced punters will lose so much today..look at my post earlier today..this is typical of this dog..good luck all

Gees Petee,

Thanks for sharing the throught of 25k profits you made, and restating this this one is doomed...for all those investors holding.....


..watch ur backs and ur wallets..these sharks stop at nothing...

These sharks could be you or I....???? thats how the market works.

[powerkoala]

hm.. doomed or not.. for sure noone knows
if new buyers still eager to buy, then SP will move for sure
anyway congrat for ur 25K profits...
good luck for holders

[petee]

Gees Petee,

Thanks for sharing the throught of 25k profits you made, and restating this this one is doomed...for all those investors holding.....



These sharks could be you or I....???? thats how the market works.
well i been in HCY for nearly 2 years now..ive seen how this stock works..i said even b4 the run today..it will rise and then fall as quick..this is HCY and if u look at the copper grades announced..their crap..shallow depth and all..i got tired of this and i saw today there were 2 single buyers at 5mill shares a piece at .023..either they r sharks or .....well i bought in at 1.4 @ almost 3 million shares...i never ramped or non ramped this stock..just gave u all my long trading experience on it..some make money some dont..i guess thats the harsh realities of the market..ive lost in many stocks too i might add..just annoying to see how this dog builds up and sucks small time investors in

[INORE]

goodluck INORE but i can tell u this stock will continue to fall in the short term..look my last few posts..i been right all along and have no reason to change on my gut feeling..u can buy late this week or next at 1.4 to 1.5..just watch


Petee, what happened to you allways being right all along.....? When did it get back down to mid-teens...?

why do i get the feeling you only talk up this stock when u have it......?

and

you talk down this stock after u sell to get back in cheaper...like you are doing today......?


must just be a BIG coincidence hey....

[powerkoala]

oh well, better just watch and see ...
assumption only makes hatred...

[petee]

Petee, what happened to you allways being right all along.....? When did it get back down to mid-teens...?

why do i get the feeling you only talk up this stock when u have it......?

and

you talk down this stock after u sell to get back in cheaper...like you are doing today......?


must just be a BIG coincidence hey....
read my posts over the last 2 weeks..i been holding until today and i been negative on the stock the past 2 weeks..why would i do that if im holding???i just go on what i research on this stock...sure ill buy back in if it goes mid teens again and if i miss the boat thats life..im not ramping coz i hold...read my past posts on this

[petee]

ok been thinking..im not going to say anything about how i feel on this stock at all negative or positive...sorry all if it lead to buying or selling..tho when i was positive if any bought then they would have made lots(70%) upwards..im just going to post on factual research from now on so i wont get blasted...sorry all who made $1000s on my opinions :banghead:

[hector]

Hi guys,

Holding since September @ 1.5c and holding still. Had a look at selling today @ 2.4 but reckoned a little more patience will produce a better result. Hoping for invigorated investors to return to the market in January!

Good luck to all...

[Tekmann]

Dump or No Dump/ Profit Takers are always there.

Today has been a exceptional high volume day with 108M already passing, strenght of 37M at 2.1c & 31M at 2.4c where most of the activity transacted.

Should this close above the the open, it's still in a uptrend.

Tekmann

[porkpie324]

Being a 'dummy buyer' I bought in Sept at 1.4c I think there worth holding for a while longer.porkpie

[Tekmann]

Being a 'dummy buyer' I bought in Sept at 1.4c I think there worth holding for a while longer.porkpie

Porkpie. I wasn't referring to you, more all of us, as the insto would see us.

Time on the market is your Friend...when your buying with the Trend.

[porkpie324]

Hey Techy, no offence taken, happy trading, porkpie

[bigdog]

Too many sellers for SP to increase!

[watsonc]

So Petee, where will you be parking your 25K of profits??? It's very hard to find some value at the moment!

I seriously can't find shares to purchase lately!

[petee]

So Petee, where will you be parking your 25K of profits??? It's very hard to find some value at the moment!

I seriously can't find shares to purchase lately!
not sure yet Bro..just keep doing research i guess...cheers

[greggy]

not sure yet Bro..just keep doing research i guess...cheers
I feel that HCY still has considerable potential on 3 fronts, but its a question of buying them at a reasonable price. I recently sold mine for a nice profit and will look at returning at lower prices.
DYOR

[INORE]

11 1/2 million sellers @ .024......ouch

[petee]

yea watch the phantom buyers at .018 and .017 :2twocents :) dissappear...looks to me like some conmen needed extra spending money for Christmas so decided to raise sp yesterday...????????

[bigdog]

yea watch the phantom buyers at .018 and .017 :2twocents :) dissappear...looks to me like some conmen needed extra spending money for Christmas so decided to raise sp yesterday...????????

Looks like the same sellers at .023 and .024!

Your thoughts!

[petee]

Looks like the same sellers at .023 and .024!

Your thoughts!
its been a great trader last few weeks but u all know how long it stayed at .015..problem here is it can easily go back to .015 and if u buy now thinking to daytrade u can get stuck and have to hold longer term and with a stock like HCY who knows the future...like the announcement yesterday the grades and depths are not flash...im bothered by HCY hehee...do ur own research but my thoughts we can buy much cheaper soon..look at yesterday..around 18% company changed hands :banghead:

[INORE]

Has anyone got any news on the HCY URANIUM application? Announcement must be due very soon...

[hector]

Might give them a call tomorrow, I was looking at getting out today.

[petee]

Has anyone got any news on the HCY URANIUM application? Announcement must be due very soon...
surely u have got to be joking...look at any application for Uranium leases by any company..it takes a minimum 7 to 12 months to get approval..HCY only applied 2 months ago..QUR applied for U leases in the northern territory 10 months ago and still waiting..RTM and many are similar..u wont see any action on the U leases until later this year...by then who knows what this dog will do..lol

[INORE]

surely u have got to be joking...look at any application for Uranium leases by any company..it takes a minimum 7 to 12 months to get approval..HCY only applied 2 months ago..QUR applied for U leases in the northern territory 10 months ago and still waiting..RTM and many are similar..u wont see any action on the U leases until later this year...by then who knows what this dog will do..lol


Thats it Petee...keep baggin it cos u dont have it....

2 months ago, u thought the sun shone out of HCY's ass...

[petee]

Thats it Petee...keep baggin it cos u dont have it....

2 months ago, u thought the sun shone out of HCY's ass...
lol oh come on..when i was "ramping" it it was great..i made almost 20K and still hold some and if others listened to me then they would have done great too..i only started bagging it at above .02 and as the sp shows i was right..u cant deny that......nothing has changed INORE except it will come back and then opportunity again to buy more and sell..its a trade brother..as far as the U leases are concerned im just stating facts as per other U stock lease applications..do ur research u will see that..

[greggy]

lol oh come on..when i was "ramping" it it was great..i made almost 20K and still hold some and if others listened to me then they would have done great too..i only started bagging it at above .02 and as the sp shows i was right..u cant deny that......nothing has changed INORE except it will come back and then opportunity again to buy more and sell..its a trade brother..as far as the U leases are concerned im just stating facts as per other U stock lease applications..do ur research u will see that..
This stock has some interesting prospects. I won't be buying back however until it drops further towards the 1.5c mark. This stock could well go for a strong run once it gets its prospective lease for uranium in WA. Infact, if I was the company's MD I would sell out of its non-uranium projects and pump it into uranium assets. Still just my thoughts, no one elses. Just waiting on the sidelines.
DYOR

[petee]

This stock has some interesting prospects. I won't be buying back however until it drops further towards the 1.5c mark. This stock could well go for a strong run once it gets its prospective lease for uranium in WA. Infact, if I was the company's MD I would sell out of its non-uranium projects and pump it into uranium assets. Still just my thoughts, no one elses. Just waiting on the sidelines.
DYOR
agreed Greggy my sentiments entirely..especially looking at the historical trading of HCY..only ill prob hang out this time till .013 or .014..ill meditate on that hehehe...cheers

[Caliente]

hi all, I'd have to agree with petee and greggy here, wont be touching this one again till it drops to the mid-low 1's. This is def. a traders kind of share.

Best of luck to u INORE =)
You have significant support from 1.7 down, so looks .
like I will be sidelining this for a while.
-Cali

[greggy]

hi all, I'd have to agree with petee and greggy here, wont be touching this one again till it drops to the mid-low 1's. This is def. a traders kind of share.

Best of luck to u INORE =)
You have significant support from 1.7 down, so looks .
like I will be sidelining this for a while.
-Cali
Best of luck to Inore, but one has to realise that HCY is still looking at raising more money as was voted upon recently. Once cashed up and prospective uranium lease has been granted, this one could go for a strong run. Also the management needs to become more focussed as to where its heading. Applying for a lease prospective for uranium is a good start... Anyone care to sponsor me for a director's position at HCY? (Joking).
DYOR

[hector]

I'm happy to be out today at 1.8c. Watched 2.4 and 2.1c disappear first! Will keep it on my watchlist. Thanks to petee for bringing this stock to my attention.

Talking to someone this morning about how great it would have been if our father's could have passed on share trading knowledge to their sons like yours did greggy. A great head start.

Cheers,

hector

[greggy]

I'm happy to be out today at 1.8c. Watched 2.4 and 2.1c disappear first! Will keep it on my watchlist. Thanks to petee for bringing this stock to my attention.

Talking to someone this morning about how great it would have been if our father's could have passed on share trading knowledge to their sons like yours did greggy. A great head start.

Cheers,

hector
Thanks mate.

[powerkoala]

nice ann
joint venture with minara
this could be a break point

[petee]

nice ann
joint venture with minara
this could be a break point
ur a newbie..nothing nice at all..MMI scans proved INCONCLUSIVE..very dissappointing news was hoping for a positive result..typical HCY making bad news seem good..watch the collapse in share price once those in the know get hold of this..my opinion only...DYOR

[bigdog]

SP was up 0.2 cents today and SP is now 2 cents

ASX ann today HCY 10:45 AM Joint Venture Backs Further Nickel Exploration at Bardoc

http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00684446

JOINT VENTURE BACKS FURTHER NICKEL EXPLORATION AT BARDOC

The Directors of Halcyon Group Ltd (ASX: HCY) are pleased to announce the recommencement of nickel sulphide exploration activities as approved recently by the Joint Venture (with Minara Resources Limited

ASX: MRE) for the Bardoc Project, located 50 kilometres north of Kalgoorlie, in Western Australia. The approved program has a budgeted expenditure of over $350,000 with the drilling component to start immediately.

[powerkoala]

ur a newbie..nothing nice at all..MMI scans proved INCONCLUSIVE..very dissappointing news was hoping for a positive result..typical HCY making bad news seem good..watch the collapse in share price once those in the know get hold of this..my opinion only...DYOR


well, newbie or not... at least minara wants to give $ for jv
that's enough for market to make this SP goes north :D

[petee]

well, newbie or not... at least minara wants to give $ for jv
that's enough for market to make this SP goes north :D
lol this JV isnt a new thing..they been floggin that for years..also 350K exploration funding isnt worth the tiles on my bathroom floor..its chicken feed...buy all u like koala and goodluck...

[INORE]

well, newbie or not... at least minara wants to give $ for jv
that's enough for market to make this SP goes north :D


I agree power Koala....I think this is a big vote of confidence from Minara that they think there is something worthwhile in this area and they are prepared to find out which prospect is going to be the best to further refine....I am also happy that they have given some start dates for further exploration... Cant see the stock falling below high teens for the next couple of months...

This isnt a rehash of old info, it's the opening chapter to a series of new drills...

[petee]

I agree power Koala....I think this is a big vote of confidence from Minara that they think there is something worthwhile in this area and they are prepared to find out which prospect is going to be the best to further refine....I am also happy that they have given some start dates for further exploration... Cant see the stock falling below high teens for the next couple of months...

This isnt a rehash of old info, it's the opening chapter to a series of new drills...
what i say is..why do they start their letter annoncement with..."the directors are pleased to announce"..LOL when in fact..the letter is basically stating...we have found nothing yet and will continue to plow 350K more to find something that may not be there..all this does is excite a few inexperienced buyers who buy up this morning at .021 to see the price now fall to .018 and lower...blind freddy can see this announcement is bad...

[INORE]

Not really peete...a bad announcement would be that they have abandoned the JV...you've made it clear that you're not interested in this stock at this price, so why keep bagging it...? Oh I know, cos u want the price to fall..........is this what this forum is about....???

[petee]

Not really peete...a bad announcement would be that they have abandoned the JV...you've made it clear that you're not interested in this stock at this price, so why keep bagging it...? Oh I know, cos u want the price to fall..........is this what this forum is about....???

i alone cant push the price down LOL...too many shares on issue..im right arent i?? i said an initial excitement then what..thud thats what.....i dont need to bag it to fall..it will fall all on its own ...LOL...all the newbies buying in today at .021 will be kicking themselves..my prediction this will fall to 1cent....DYOR my opinion only :)

[bigdog]

Petee,

What has happened in the last 60 minutes for HCY trading despite volume of 14.7 million shares today

There has not been one trade in 60 minutes

There are buyers at 1.8 and one seller at 1.9

Code Last --Volume ---$Value ---Last Traded
HCY 0.019 14,783,734 $292,629 11-Jan 01:10:51 PM

[petee]

Petee,

What has happened in the last 60 minutes for HCY trading despite volume of 14.7 million shares today

There has not been one trade in 60 minutes

There are buyers at 1.8 and one seller at 1.9

Code Last --Volume ---$Value ---Last Traded
HCY 0.019 14,783,734 $292,629 11-Jan 01:10:51 PM
yea J the majority of those trades came when the announcement came out..then when it was seen as a poor announcement the price dropped...my guess is it will continue downwards as has done in past few days..i still hold lots but sold many couple weeks ago...as i stated early very disappointing announcement as HCY were counting on positive MMI...back to square one at Bardoc

[INORE]

Might give them a call tomorrow, I was looking at getting out today.

hi hector

did u end up giving HCY a call?

[hector]

hi hector

did u end up giving HCY a call?

Hi Inore,

Decided to sell, so didn't make the call at the time.
But since you ask, I just rang and have left a message for the CEO. Will post when I know.

I agree with greggy, the U prospect is the most interesting aspect of this company. Sitting on the sidelines with my ten cent pot - don't have enough money to get into all that I want to so I have to be selective.

Catch you later,

hector