Australian (ASX) Stock Market Forum

JRV - Jervois Global

Jump to new
Greggy,

I see a lot more emotion coming from guys on this thread ....Please dont start that again ... .... or maybe I am being 'unAustralian' again ???

This is a JRV thread. Not an INL shareholder thread. The merger is over.

Are we allowed to discuss JRV here or not?

re: Insider trading - Track back in this thread and you'll see I was the first to bring up insider trading for both INL and Pursell. Then read what others said. Is there a difference between trading by insiders and insider trading? You tell me.

Also, it was obvious from Pursell's FIRST fax dated 26th Feb 2007, regarding the meeting that he doubted it was of value to JRV. He implied (warned) it time and time again but shareholders just wouldnt believe it until they heard it from INL. Look back at my posts - even Crazy Jim Smith had warned that nothing would come from the meeting long before the meeting. . It was obvious back then that INL would dump stock.

I agree though, it wasn't the wisest move on Pursell's part, but I can also imagine how tempting 4c looked after years and years of <.006c.

When should he have sold then if he personally needed cash?

Re: Pursell is not in his Melbourne office, he is at the mine.

I was careful not to post a rumour - hence 'it is debatable as to whether the Chinese visit would be announced." etc ....

Who knows what the management arrangement will be after a Chinese deal. Pursell is close to retirement. His project then would have been to research the processing potential for the Young laterite resource over 5 years. Maybe he'll take the profits and go .... who knows....
 
Sodapop said:
http://www.csaaus.com/documents/public/publications/godpaper.pdf

Here's that article - good detailled primer on laterites (and why sulphides will still be the primary ore feed for some time yet...)...

Sorry - but that is the reality... Of course if we see US$20lb prices in the mid-long term (that picture may change) - but that is some way off yet...
Click to expand...

Have you read the article? Its chart only goes up to 2001.

BHPs Ravensthorpe US$2.2bn plant is set to go now and it is laterite. Its construction was started in 2004. The processing start delays are due to staffing in that they need to go overseas to find staff.
 
I'm on the fence on this one - but the jury is out on Ravensthorpe... and BHP has the critical mass to get stuff like that going - and they have made their fair share of mistakes in the past - HBI anyone? (and that Utah based Cu mine - i forget)...
 
Im not a mining expert, but there seems to be some hot competition over the laterite process. Here's what the newspapers said about the hydromet fur fight.

Unfortunately, we dont get to be privy to the insider details of all this.

INTEC LIGHTENS JERVOIS LOAD

THE AUSTRALIAN - March 27, 2007

AFTER being shown the door on a possible merger with Jervois Mining, Intec have sold down its 14.5 per cent stake in Intec to a fully diluted 8.33 per cent holding.
Intec had picked up the stake in Jervois late February and called for a summit meeting between the two to discuss possible merger opportunities.

It bought the Jervois shares for an average price of 1.16c, selling them on the market for an average price of 2.73c.

Intec, a Sydney University-based company with its own chloride hydromet process, denies it wanted the tie-up with Jervois to get direct access to Jervois' own chloride leach technology.

Instead it said the reason it wanted a merger would remain "commercial in confidence".

Whatever the reason, at least it has a cornerstone stake in Jervois and didn't have to fork out too much to do so.
 
Atomic5 said:
Greggy,

I see a lot more emotion coming from guys on this thread ....Please dont start that again ... .... or maybe I am being 'unAustralian' again ???

This is a JRV thread. Not an INL shareholder thread. The merger is over.

Are we allowed to discuss JRV here or not?

re: Insider trading - Track back in this thread and you'll see I was the first to bring up insider trading for both INL and Pursell. Then read what others said. Is there a difference between trading by insiders and insider trading? You tell me.

Also, it was obvious from Pursell's FIRST fax dated 26th Feb 2007, regarding the meeting that he doubted it was of value to JRV. He implied (warned) it time and time again but shareholders just wouldnt believe it until they heard it from INL. Look back at my posts - even Crazy Jim Smith had warned that nothing would come from the meeting long before the meeting. . It was obvious back then that INL would dump stock.

I agree though, it wasn't the wisest move on Pursell's part, but I can also imagine how tempting 4c looked after years and years of <.006c.

When should he have sold then if he personally needed cash?

Re: Pursell is not in his Melbourne office, he is at the mine.

I was careful not to post a rumour - hence 'it is debatable as to whether the Chinese visit would be announced." etc ....

Who knows what the management arrangement will be after a Chinese deal. Pursell is close to retirement. His project then would have been to research the processing potential for the Young laterite resource over 5 years. Maybe he'll take the profits and go .... who knows....
Click to expand...
Atomic5,

Firstly, I labelled you as being un-Australian because you said Aussie investors were weird. If you read between the lines I was just taking the mikey out of you as they do in this great land. Aussies have a great sense of humour, so don't take it personally.
Another thing, I felt that your comment along the lines of "Day traders don't like Pursell, so what" was an emotional response. You say that there's a lot of emotion coming from the guys on this thread. I feel that you're currently in first place on this score.
We live in a democracy here and this is the best forum going around, so please continue to speak your mind. No one is stopping you and I enjoy a bit of the banter going around as long as things don't get out of hand.
So please cheeer up and chill out!
DYOR
 
Day traders do not like Pursell was based on an observation of what happens prior to his announcments - the sp goes down. If the announcment is good, it goes back up.

That probably comes from the fact that the last 5 years of research and no production have yielded little for traders.

Things are becoming interesting with JRV but trader attitudes towards the stock are still tinged with past performance, and perhaps understandably so, as there is little clue as to the waiting period....


If you wouldnt mind sparing me the liberal aussie psychoanalysis. You have no idea what you are talking about so please leave it/me alone. Take it somewhere else. Thanks. Nothing personal.
 
Atomic5 said:
Day traders do not like Pursell was based on an observation of what happens prior to his announcments - the sp goes down. If the announcment is good, it goes back up.

That probably comes from the fact that the last 5 years of research and no production have yielded little for traders.

Things are becoming interesting with JRV but trader attutudes towards the stock are still tinged with past performance, and perhaps understandably so, as there is little clue as to the waiting period....


If you wouldnt mind sparing me the liberal aussie psychoanalysis. You have no idea what you are talking about so please leave it/me alone. Thanks. Nothing personal.
Click to expand...
Nice post until I read your last comment "You have no idead what you are talking about so please leave it/me alone". You've been rude to a number of people on this forum so why don't you just leave us alone.
Thanks. Nothing personal. LOL!!
 
Guys, cool it. Don't care how it started, but leave the personal comments behind, or in PMs. Any further will be deleted. Cheers! :D
 
Dont worry Kennas, Greggy is ok. We're friends really. Arent we Greggy :D

This thread could do with a chart. Seems like JRV has rebounded from a bit of weakness today.
 
Atomic5 said:
Dont worry Kennas, Greggy is ok. We're friends really. Arent we Greggy :D

This thread could do with a chart. Seems like JRV has rebounded from a bit of weakness today.
Click to expand...
Hi mate,

I think we've both got over it very quickly and moved on. People can agree to disagree.
 
I found this on HC, a posting by Optimist. (kudos Optimist)

Link is a bit strange: haven't been able to open it myself.

http://www.gyip.net/web/netoffice/s...px?down_epid=52901d99c4568ee20f9656f809d664a5

On 2-20 December 06, four GuangYe delegates attended the 21th NSW and GuangDong Joint Economic Meeting (JEM)………….

During the JEM, GuangYe delegates had business meeting with Petron Energy Holdings P/L, Ocean International Group Holdings P/L, White Energy P/L, Oceanic Multi Trading Holdings P/L, AMP YEmai Instrument Co, Jervois Mining P/L……………………….."


...from its news page on 4.2.07 :

"On 29-31 Jan 07, four Jervois Mining delegates visited our company, in discussing the cooperation of nickel mines development, coal trading and environmental protection technology. In 29’s afternoon, both parties discussed the Young Nickel development project, Jervois delegates then visited GuangYe’s three enterprises (Iron sulfide, Energy and environmental protection).

GuangYe’s senior management had involved in the meeting, under the friendly atmosphere, both parties discussed the resource, technology and economics of the project, the form of cooperation was also discussed. During the discussion, we all have the consensus that further communication was required, a MOU was signed at the end.

This co-operation discussion meeting opened the way of implementing the “Go Overseas” strategy and vigorously bring in strategic partner."
 
Atomic5 said:
I can just see the INL guys now - geek nerd pimpled science types with bifocals and 7 gigabytes of pr0n, and NO socially redeeming features.
Click to expand...

Obviously Atomic5 you have not done your homework re personnel at INL.

Hard headed business men and dedicated researchers with no pimples; no bifocals; and more than likely no pr0n. When I visited Intec I found the personnel to have very good social skills.

Do some research on INL.
 
The anouncement has not been made but there is an update to the Chinese visit as announced in Mining News previously, instead of March/April, the Chinese have apparently accepted to return in "early May".

You can fnd this out by writing or calling the company.

Here's a technical update on the Young Resource. It does seem like time is of the essence here in order to capitalise on Nickel prices. Lets hope Chip Goodyear is right in saying that high metal prices will endure for at least 10 years.

Jervois hopeful for laterite success

Thursday, 22 March 2007
Kate Haycock

ON THE back of nickel's recent record highs, New South Wales-focused junior Jervois Mining announced yesterday that after considering a range of processing options for its nickel project in Young, its major focus would now be proving that chlorine leach processing can be used successfully with the nickel-cobalt laterite ore from the project.

The company said it had carried out test work for nickel and cobalt recovery using three different processes – high pressure acid leach, atmospheric pressure acid leach, and atmospheric chloride leach.

While high pressure acid leach had higher recovery rates of 93% for nickel and 97% for cobalt, compared to rates from 70-92% for nickel and 85-94% for copper with chlorine leach, the company has flagged the former as its preferred method.

Jervois company director and exploration geologist Anthony Jannink told MiningNews.Net that Jervois was focusing on the chloride leach processing for the ore from the 167 million tonne nickel and cobalt laterite resource at Young because it was the most economic.

"High pressure acid leach is a process that Murrin Murrin uses and Cawse and Bulong both tried to use," Jannink said.

"It is a very expensive system, even though it has a good recovery rate. Because the nickel price is so huge right now the process is economic. [But] if the nickel price comes back down to a normal price as it was two years ago, that process would close down as well.

"Chlorine leach is much less expensive, it doesn't have these very high temperatures or very high pressures that the high pressure leach has. Chloride is a strong acid as well but at least you're not boiling it up to high temperatures and under high pressures."

Jannink also said that a third method, atmospheric pressure acid leach, was not suitable for the geology at the Young deposit.

"Atmospheric pressure leach works well on the lowered horizons – saprolite and weather serpentinite, it's pretty hopeless on hematite and limonite. We just don't get much recovery from those. [At Young] we have to mine the hematite and limonite to get to the saprolite, so we wanted something that we could use on the hematite first."

Jervois was not the only company investigating chlorine leach processing for nickel laterite deposits, Jannink said.

"The big boys are looking at chlorine leach processes, the BHPs and the Mincos and so forth. But I think we're more advanced than we are – they're watching eagerly what we're doing."

Despite the fact that nickel laterite has proven a difficult substance to mine efficiently, Jannink said the company was very hopeful about the project's future.

"We know we can do this on the laboratory scale and we're about to start a larger scale trial … and we're getting an independent laboratory to do some bigger scale testing for us.

"Next month in April we've [also] got a major drilling program at Young, which will both help to prove up the deposit and produce a lot of samples, say five to 10 tonnes, which will go into bigger scale testing. We should have samples ready by June," he said.

"The main task is to get this thing to work."

Additionally, Jervois announced yesterday that it had commissioned a report into viability of a low-grade ferro-nickel production at Young.
 
IMO JRV issued the ann yesty to do 2 things.

1) Placate shareholders who have likely barraged them with questions over the merger!
2) P!ss off INL so they dump all their holdings.

And I think they have achieved both goals. I hold INL and have sold out of JRV.

Atomic5 said:
Nope maybe not.

Someone is selling 11million shares at pre-open.
Click to expand...
 
That might have been the oppies dump by INL
It was holding at .020 with the BUY stack rebuilding and then whoosh
looks like INL migt be all out now


Is this kind of thing legal? first there was insider trading, ..... now they're destroying the company.

I get the feeling this is what Pursell wanted, INL out, before he announces the Chinese visit, so that they dont profit any further. He said they were coming in May.
 

Similar threads

sam76
Sumitomo Metal Mining
Replies
0
Views
5K
sam76
sam76
Top