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.watsonc said:Promising volume again today. Maybe people are expecting some results soon, or some people know a few things. Either way it's looking good!
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.bigdog said: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
Definitely good volume today (over 6.5 mill thus far)..maybe some smart people rushed out and bought some more after the AGM.bigdog said: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.bigdog said:The AGM was held today (two hours ago)
A couple of big buyers of volume, but SP is cheap and hit 0.019
Welcome aboard. Turnover now 10 million shares plus. Current quote 1.8/1.9c.Caliente said:hi, i like what i see. took a massive parcel (for me) at 1.8c\
best of luck to all holders
-Caliente
100% correct Greggy..HCY has been asleep for some time but watch the coming months..will see big risesgreggy said: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.
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.petee said:100% correct Greggy..HCY has been asleep for some time but watch the coming months..will see big rises
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.Caliente said:looks like I took an expensive position atm. Feeling sheepish! Looks like next week for me.
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.nizar said:tech/a are you reading this thread?
people are talking about averaging down and "bottom drawer"
Sacarsm is one of the lowest art forms.Caliente said:nizar, I detect sarcasm ^_^ Enlighten me/us please!
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