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JRV - Jervois Global

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I traded this a few times during rise, but haven't touched it since I saw a few weeks back a JRV director was dumping his holdings on mkt, never a good sign that


Good luck guys
 
Have a look at Mango65 Post in INL thread. Time about 3.30 today. Why JVR dropped today I have no idea but that is the stock market.
 
It was probably an oppie dump by INL. Until they are out this will not progress further.

It will only take one ann. for JRV to spike. Any Chinese investment will see JRV in blue skies.

$2.5m is hardly anything to brag about unless your perspective is that it is a lot of money. In mining terms and in Nickel production terms it is nano-money. INL just continually strike me as juvenile. Where's the scientific or technical rebuttal regarding the rejection of the proposal.
 
YOUNG_TRADER said:
I traded this a few times during rise, but haven't touched it since I saw a few weeks back a JRV director was dumping his holdings on mkt, never a good sign that


Good luck guys
Click to expand...
Hi YT,

I haven't trade this one of late especially when I found out that Pursell, a JRV director, had significantly reduced his holding. Now that INL has sold its entire holding of shares for a $2.5 million profit, maybe its removed the overhang for this stock. It will be very interesting to see what happens next, but I'll be just watching from the sidelines.
DYOR
 
YOUNG_TRADER said:
I traded this a few times during rise, but haven't touched it since I saw a few weeks back a JRV director was dumping his holdings on mkt, never a good sign that


Good luck guys
Click to expand...

He took a profit. He retained 2/3 of his shares. His wife is still a major shareholder. Maybe he paid for the commissioned evalutation with it.

and + that was such a long time ago in the course of events. Hardly affected the share price at the time or later. INL also sold at the same time. What did that mean? and they were the eager 'hopefuls' at the time.
 
Atomic5 said:
He took a profit. He retained 2/3 of his shares. His wife is still a major shareholder. Maybe he paid for the commissioned evalutation with it.

and + that was such a long time ago in the course of events. Hardly affected the share price at the time or later. INL also sold at the same time. What did that mean? and they were the eager 'hopefuls' at the time.
Click to expand...

Hi Atomic5,

Clearly JRV and INL had a bit of a blow up. Hence, they figured out they couldn't work together and parted company. As a result, INL has since sold all its shares in JRV, but has retained a large number of options. Maybe it will be up to the Chinese to move the Young Nickel Project forward from here. With nickel prices still very high now is a better time than never.
DYOR
 
greggy said:
Hi YT,

I haven't trade this one of late especially when I found out that Pursell, a JRV director, had significantly reduced his holding. Now that INL has sold its entire holding of shares for a $2.5 million profit, maybe its removed the overhang for this stock. It will be very interesting to see what happens next, but I'll be just watching from the sidelines.
DYOR
Click to expand...

Pursell has yet to publically announce the Guange Ye visit which has allegedly now been set for "early May" as in his email to me.

Also he has to announce the findings of the commissioned evaluation and Ni leaching testing of the Young resource which is being done by an independent company as part of the commission. I expect that this is all for the benefit of a presentation for the Chinese. The final results are due before June, ie: before the expiry of the MOU.

If he pulls this off, it will result in INL having been shrewdly shut out with as little profit and credit (credibility) as possible.

.
 
Sorry Atomic5, INL's dump was not options; but shares. INL still holds options up its sleeve. Why INL did not deem an answer to JVR's previous announcement I don't know. I think INL realised that they were knocking their head against a brick wall that did not want to know them. Brick walls are hard to talk to under the best of conditions.
Ore in the ground is one thing; a bankable feasability study to prove the economics of it can have a large time delay, (INL is still waiting for its BFS result on its polymetallic process from Worley Parsons 7 months after concluding its successful Demonstration Plant trial), then building the plant so that processing can begin is another time delay. There is the need for a lot of money between the ore and the metal.
When INL pays for its options at least JVR will get $1 million to soldier on with. However it will then have a heap more shares to sell.
Obviously you have not read my post about 3pm today on INL's thread.
 
Mango sorry JRV is really not interested in INL.
The sooner they are part of JRVs forgotten history the better.
 
Atomic5 said:
Pursell has yet to publically announce the Guange Ye visit which has allegedly now been set for "early May" as in his email to me.

Also he has to announce the findings of the commissioned evaluation and Ni leaching testing of the Young resource which is being done by an independent company as part of the commission. I expect that this is all for the benefit of a presentation for the Chinese. The final results are due before June, ie: before the expiry of the MOU.

If he pulls this off, it will result in INL having been shrewdly shut out with as little profit and credit (credibility) as possible.
Click to expand...

Sounds like interesting times ahead for JRV come what May.
DYOR
 
Atomic5 said:
It was probably an oppie dump by INL. Until they are out this will not progress further.

It will only take one ann. for JRV to spike. Any Chinese investment will see JRV in blue skies.

$2.5m is hardly anything to brag about unless your perspective is that it is a lot of money. In mining terms and in Nickel production terms it is nano-money. INL just continually strike me as juvenile. Where's the scientific or technical rebuttal regarding the rejection of the proposal.
Click to expand...

Sorry Atomic5 but i find that slightly ironic given your little spleen vent last week about geeks, pr0n, etc... Some might say the same about JRV but would substitute a word that rhymes with "shameteur"... Certainly having followed them for a few years i am in that division - i`d imagine some interesting conversations were had by all parties involved during the tie-up negotiations... Suffice to say i have found this whole INL/JRV soap opera an amusing diversion from other ASX concerns...
 
Atomic,

JRV's Young Nickel deposit is Laterite, to find out how difficult it is to get Laterite projects going just ask BHP's Ravensthorpe management,

INL has proven leach technology which could have very well solved the extraction problems over here, but JRV didn't think so, being a minnow I'd say their eyes are bigger than their stomach's. Good luck to them but I think INL's involvement would have almost guaranteed development, sounds like JRV want to have the cake and eat it too, lol if they thought INL were difficult to negotiate with, just wait till they start negotiating with the Chinese.

Day traders favourite, so like you said a small ann and off it'll go, good luck to all :)


Regards
 
Looks like a bit of price manipulation was in action there.

Yesterdays dumpers are back today as buyers trying to get back in at a lower price. If JRV holders had any collective sense they'd make them buy back in at a higher price.

Re: Laterite - isnt RMI also laterite and with almost the same inground value?
 
YOUNG_TRADER said:
Atomic,

JRV's Young Nickel deposit is Laterite, to find out how difficult it is to get Laterite projects going just ask BHP's Ravensthorpe management,
Click to expand...

I thought they had fast forwarded that quite well - they have built a US$2.2bn plant in two years (late 2004 - early 2007) and in a remote WA region. If any one has ever been to a WA country town you'd have some idea at how truly isolated and unserviced those places are.

They say the problem they are having now is staffing it and are having to get people from overseas to go live in Ravensthorpe. No-one lives in Ravensthorpe, let alone Ni extraction experts. BHP are having to build up the whole town service infrastructure (food supplies! etc) so that BHP employees can live there.

I'm not sure JRV have they same intentions. I think JRV will take advantage of it's vicinity to transport services and get the ore out of there. As yet we have no idea as to where the leaching will be done but JRV have already stated that they are hoping to be using the next generation of technology, not the method employed by BHP.
 
SP up 0.3 cents (12.5%) and volume great today at 11:16

JRV $0.027 +$0.003 +12.50% 30,461,131 shares $780,341
@ 26-Apr 11:16:36
 
JRV was the most traded share today

JRV 0.027 +0.003 +12.50%; 0.028 high and low 0.024 107,965,903 shares $2,865,639 @ 26-Apr 04:10:08 PM

Two ASX ann today after closing
JRV 5:04 PM Third Quarter Activities Report

http://www.asx.com.au/asxpdf/20070426/pdf/31244b5byt2kh1.pdf
Lots of things on the go at JRV according to the report

I hope there is more to this company than the first item reported!!!

The first item was amusing where reported that: 459.609 ozs fine gold produced and sold for $384,476.85 in management report to shareholders.
-- I would have thought that the "ozs" should have been rounded to 459 ozs!!

JRV 4:37 PM Third Quarter Cashflow Report
http://www.asx.com.au/asxpdf/20070426/pdf/3124381zxvy6yf.pdf

Cash at end of quarter $5,667,274
 
Price and volume up the last few days and larger buyers showing up for the pre-open this morning would indicate some action re the chinese evaluation soon perhaps
 

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