Normal
Evening HLX'ers,What happened here today?Just had a look at the course of trades and there were 84 trades for 750k shares (<9000 shares average per trade)Ken Talbot didn't have 750 thousand shares did he?660 options ($125 worth) sold at 19c looks a bit suss after someone was happy to pay 21.5c for 100k of them as the next lowest tradeSomeone looking to trigger stops?Anyway, just having a read of the DJC Iron Book 2007 Report from the TRH site and its interesting to apply their valuation numbers to Helix-"We estimate TRH s potential to be limited to around ~10mt of DSOore which gives it an EV/t of roughly $1.58/tsurprisingly cheap for the sector that is averaging $4 for explorers.....they are one of the cheapest (if not the cheapest) focussed iron ore plays on the stock market."Seeing as their using undiluted numbers then coincidently HLX also shares that $1.58 EV.(assuming minimum case 30MT) @ 42cIf we talk fully diluted than we're even cheaper.If the sector average is applied then we should be at $1.05 undiluted or 94c fully diluted.If KC is a big as it looks and Robe exit/Bonham etc results are good then
Evening HLX'ers,
What happened here today?
Just had a look at the course of trades and there were 84 trades for 750k shares (<9000 shares average per trade)
Ken Talbot didn't have 750 thousand shares did he?
660 options ($125 worth) sold at 19c looks a bit suss after someone was happy to pay 21.5c for 100k of them as the next lowest trade
Someone looking to trigger stops?
Anyway, just having a read of the DJC Iron Book 2007 Report from the TRH site and its interesting to apply their valuation numbers to Helix-
"We estimate TRH s potential to be limited to around ~10mt of DSO
ore which gives it an EV/t of roughly $1.58/t
surprisingly cheap for the sector that is averaging $4 for explorers.....they are one of the cheapest (if not the cheapest) focussed iron ore plays on the stock market."
Seeing as their using undiluted numbers then coincidently HLX also shares that $1.58 EV.(assuming minimum case 30MT) @ 42c
If we talk fully diluted than we're even cheaper.
If the sector average is applied then we should be at $1.05 undiluted or 94c fully diluted.
If KC is a big as it looks and Robe exit/Bonham etc results are good then
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.