JRV - Jervois Global

mr_delta said:

Looks like some activity is returning back on this counter....hit 1.8c today....has moved up by 0.2c (no big deal, but looking at the recent past - that is a movement IMO)....any idea if one of the "many potential JV" could eventuate???

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Yes agreed. In fact last July looked a lot stronger but soon fell away. Of course nickel was about $15 lb then, now at $12 so the move could have something behind it.

I'm convinced something will be announced soon. Just have a look at the market depth this morning. I think we'll see a high volume traded again today

slyty80

JRV looks like is on the move this morning with 82,978,576 shares traded in first hour!!!

JRV SP $0.021 +$0.003 +16.67% high of $0.021 low of $0.019 82,978,576 shares $1,667,211 @ 30-Nov 11:02:30

bigdog said:

slyty80

JRV looks like is on the move this morning with 82,978,576 shares traded in first hour!!!

JRV SP $0.021 +$0.003 +16.67% high of $0.021 low of $0.019 82,978,576 shares $1,667,211 @ 30-Nov 11:02:30

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We have gone into Pre open, trading halt either, ASX explanation (doubtfull on this uptic) or an announcement coming. If as some above believe could be a good run up.

Any thoughts on what will happen with JRV on Monday?? Even though there has been no announcement there is speculation of a JV soon, why else would we see what we did on Thursday and Friday. I'm hoping to sell at 2.4 cents but am wondering the sp will even get that high. I'm concerned that profit takers from last weeks rise could keep the price down.

I got this off another forum which I found interesting
**********************************************

2/02/07, 1.6c,1.9c,1.6c,1.9c, 60,313,923
JRV, 23/02/07, 1.8c,2.1c,1.8c,2.1c, 72,532,802
JRV, 26/02/07, 2.4c,(4.1c),2.4c,3.9c,455,166,998

10 days later INL advises of failed merger attempt but intends to execise 107 million options on or before 30/11/007. .
(NOW)
JRV, 26/11/07 1.6c, 1.7, 1.6, 1.7c 10,282,947
JRV, 28/11/07, 1.6c,1.7,1.6,1.6c. 10,553,994
JRV, 29/11/07, 1.7c,1.8,1.6,1.8c.. 44,596,403
JRV, 30/11/07, 1.9c,(2.1),1.8,2.0c. 137,986,469

30/11/07 Sales of JRV increasing - options exercise finalization date for JRV this day. We are to believe JRV shareholders mostly exercising the options (which is preferred?). JRV CEO in ASX explanation says China/Overseas merger plays still in abeyance.
He will however check top 20 this week to Ascertain if any new shareholder has emerged as large parcels being bought.

Alive and kicking once again!

can someone explain what this ann means?

have been sitting on this one for ages and still under what i paid for them, all good i hope!

Apparently good metallurgical test results plus interest from new chinese player in regards to funding ,technology,they have pilot plants treating ore like jervois.Seetodays news release.

ASX ANN

SP currently is up 0.002 11.11%
JRV 0.02 0.002 11.11% with high of 0.022 low of 0.016 60,898,488 shares $1,196,067 @ 13-Dec 12:30:53 PM

13/12/2007 Metallurgical Work on Nickel Cobalt Laterite
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00795005

Metallurgical Work on Young Nickel/Cobalt Laterite – On-going Testwork
The company wishes to advise that significant advances have been made in recent weeks which include the successful re-generation of hydrochloric acid and the precipitation of an iron product (hematite). Shareholders have been advised previously that recovery of most of the hydrochloric acid consumed in the Company’s novel approach to leaching the Young nickel laterite is absolutely essential for the commercial process to evolve. The Company views this as a most significant and potentially and vital breakthrough.

The above testwork has been carried out in Canada and Sydney with confirmatory tests in Perth W.A. Further confirmatory testwork is continuing.

Outotec
The company has already reported preliminary good nickel and cobalt recoveries from an elegant variation of the above process (precise details are subject to a Confidentiality Agreement). As a consequence a further 50,000 Euros has been allotted for Finland with the objective of testing two stages of countercurrent leaching to try to reduce acid consumption and identifying possible Capital and Operating Costs for this alternative approach. This latter work is expected to be completed by end March 2008.

Direct Smelting for Young Laterites
This is also a viable option for treating the ‘Young’ laterites if the nickel price stays above US.$9.50 per pound. Cobalt would not be recovered which is a disadvantage. Ultimately any commercial plant may well include a smelting plant as an adjunct to an acid leach plant. This latter approach is actually happening in China and the Company has been approached by Yunnan Jiaming Technology Company Limited (Jiaming) on 11 December, 2007. Jiaming has operated pilot plants for nickel leaching(200 mtpd) and ferro-nickel smelting (100mtpd). It also has proprietary heap leaching technology and is interested in cooperation with Jervois by offering technology, funds and equipment.

evwatkins said:

Alive and kicking once again!

can someone explain what this ann means?

have been sitting on this one for ages and still under what i paid for them, all good i hope!

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What does the announcement mean? I think the first paragraph of the announcement is self-explanatory.

The company wishes to advise that significant advances have been made in recent weeks which include the successful re-generation of hydrochloric acid and the precipitation of an iron product (hematite). Shareholders have been advised previously that recovery of most of the hydrochloric acid consumed in the Company’s novel approach to leaching the Young nickel laterite is absolutely essential for the commercial process to evolve. The Company views this as a most significant and potentially and vital breakthrough.

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Anyone know the reason for todays rise in sp? Up 16%. There hasn't been an announcement since 13/12.

slyty80 said:

Anyone know the reason for todays rise in sp? Up 16%. There hasn't been an announcement since 13/12.

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The stumbling block was always to find an economic way to process the laterite. On face value the recent announcement indicates that this has been solved as long at Nickel stays above US$9 a pound (Imp. Weight). At the moment it is about $12 With thoughts on Christmas no one has taken too much notice but I think those following this are moving back in.

JRV in play imo.

Been watching this closely recently, consistant buying for the past month, checked the recods today to see who is long after buying dec/jan, DAIWA Japan Broker firm have bought 24.4mil in dec/jan & a total of 32.4mil over the past year & have not sold any, question now is who is the japanese clients buying up JRV & is there a deal on its way, imo I think we will see 2.1/2.2 resistance broken & a run to .03-.04 range very soon.

Also what was interesting was the top 5 long positions over dec/jan alll came from full service brokers not online brokers which is the usual case:

*Long Dec/Jan*

DAIWA (JAPAN) - BOUGHT 32.4MIL
OPES PRIME - BOUGHT 24.9MIL
TRICOM - BOUGHT 16.3MIL
WILSONS - BOUGHT 5.2MIL
PATTERSONS - BOUGHT 3.0MIL


I think having a Japanese broker firm on the register buying up JRV says it all, something is brewing again & only a matter of time before it unfolds.

Interesting article on Cobalt prices going wild on predicted supply shortage, could also explain some interest in JRV.

http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=43655&sn=Detail

Stainless-Steel Production May Rise 8.6%, CRU Says (Update1)

By Chanyaporn Chanjaroen

Jan. 14 (Bloomberg) -- Stainless-steel production will expand as much as eight times faster this year than in 2007 as mills replenish stockpiles, research group CRU said.

Growth may be as fast as 8.6 percent, with almost half the 2.5 million-metric-ton increase from China, Vanessa Davidson, research manager for CRU's special steels and alloys division, said in London on Jan. 11. Last year's estimate of 1 percent growth will be revised in March, she said.

``We're looking for decent growth in 2008,'' said Davidson, who has been managing her division for a decade.

China is expanding output from 7.5 million tons last year after building up capacity to supply export industries. Tangshan Iron & Steel Co., based in Hebei province near Beijing, will start production this year at a mill with annual capacity of 600,000 tons, Davidson said. Shangxi Taigang Stainless Steel Co., Zhangjiagang Pohang Stainless Steel Co., and Liangzhong Stainless Steel are also increasing capacity.

Western Europe is now the most ``buoyant'' stainless-steel market, according to Davidson. Steel mills began replenishing stockpiles toward the end of 2007 and demand has strengthened.

``Mills in Europe said they are fully booked in January and February and some through March,'' Davidson said. So-called lead times, the period needed to make and ship goods after receiving orders, are about 10 weeks in Europe, she said. Typically mills take four to six weeks to fulfill customer orders and lead times above that suggest there is a backlog.

Base Prices

In Germany, the base price for cold-rolled coil was raised by 7.1 percent in December, Davidson said. Base prices reflect demand for metal and exclude the cost of ingredients including chrome and nickel, which are paid through a separate premium.

ThyssenKrupp AG, Germany's largest steelmaker, doesn't publish base prices, spokesman Daniel Tummarello said today from Duisburg, Germany.

Growth in stainless-steel production may be lower than expected should weaker demand in Japan and the U.S., the second- and third-largest producers of the alloy, encourage mills to extend production cuts beyond January. U.S. plants cut output 14 percent in the first 11 months of last year, according to CRU.

``If demand from distributors and end-users in North America and Asia doesn't pick up soon from current levels, perhaps we may see growth of 4 to 5 percent,'' Davidson said.

More Chinese stainless-steel production doesn't necessarily mean greater demand for nickel since producers there have been increasing output of nickel-free and low-nickel alloys, Davidson said.

To contact the reporters on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net

Last Updated: January 14, 2008 12:09 EST

Guys,

I am a holder in JRV for more than a year now…hence my interpretation of the Qrtly Report announced today is clouded by the fact that I am a holder wishing the sp to shoot / move / nudge northwards!!!! Can anyone else with a more unbiased view towards JRV review this Quarterly Report & post his / her comments. That would be highly appreciated. Also, your views on the company on the whole is also sought. Another point I wish to note is that all through the recent turmoil in the last 3 weeks, the sp of JRV has not gone down by even 0.1c from 1.7c. What could have caused this to withstand all this without even the slightest dent to its sp? No share in my holding or watchlist can boast of this achievement in the last 3 weeks….Your thoughts????
Thanks in advance...

mr_delta said:

Guys,

I am a holder in JRV for more than a year now…hence my interpretation of the Qrtly Report announced today is clouded by the fact that I am a holder wishing the sp to shoot / move / nudge northwards!!!! Can anyone else with a more unbiased view towards JRV review this Quarterly Report & post his / her comments. That would be highly appreciated. Also, your views on the company on the whole is also sought. Another point I wish to note is that all through the recent turmoil in the last 3 weeks, the sp of JRV has not gone down by even 0.1c from 1.7c. What could have caused this to withstand all this without even the slightest dent to its sp? No share in my holding or watchlist can boast of this achievement in the last 3 weeks….Your thoughts????
Thanks in advance...

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I have been in and out of JRV over the years and have followed them closely. I'm a believer in the long-term potential of this co. but the opportunity cost of just holding them is far too high. So I haven't held any for a while now. The qtrly report seems to say the same old, "Some progress but nothing firm." Only thing of real interest was the possibility of scandium production as early as next year. But remains to be seen. I don't know what has stopped JRV from going lower.

Thanks MS+Tradeism for your input....much appreciated.....Does the mention of a JV with a "major player" make you think that this time its gonna happen? I think though they have said this a zillion times before, this time it sounds like they have someone ready to sign ( or am I again seeing things which are not there?)....

Held JRV for more than a year now & sitting on a very small profit...wouldn't feel good if I sell now & see some good deal go through taking the sp up, up & away....holding for now & if I can get my hands on a small spare amount of cash, then will definitely buy JRV...

Hi Everyone, I'm new to this forum and I am in sync with Mr Delta. I have big chunk of my portfolio invested in JRV and have been increasing my % share for past 6 years. The company has been jumping the gun ever since I can remember with false predictions without the follow through. To top it up they always include the added legal jargon so as to protect themselves from misguiding future prospects.

But this time the wording is different, read between the lines in their last report sounds like something is brewing. They add the extra comment, that as long as the "World Economy keeps ticking". No other information,,,,,,WHY???

Maybe they know we are all fed up with the "fairies in the sky" BS
Maybe we’ll only find out when someone has already signed.............

jervoisvision2008

The time to act is now. So for those who want to see Jervois move forward in 2008 read the pasted text below. It is from the Hotcopper forum:


"A number of disgruntled Jervois shareholders have come together to form a unifying voice for other concerned Jervois shareholders be they minor shareholders or top 10 shareholders. Any Jervois shareholder who believes a change needs to occur in the current board be it a replacement of the current Director (Duncan Pursell) or addition to the current board (2 candidates have emerged who have credentials required) please send an email to :

jervoisvision2008@live.com


Please state your name & whether you would prefer to remove Duncan Pursell from the current Director role or whether you would prefer to add a new director to the board with more experience in financing mining/mineral ventures. Please also state your holdings in Jervois shares. This information would only ever be used to tally the 5% quota of issued shares held or 100 shareholders required to call an extra ordinary meeting to put forward the changes needed to the current board. These would then have to be voted on. For those that missed it:


249D Calling of general meeting by directors when requested by members (1) The directors of a company must call and arrange to hold a general meeting on the request of: (a) members with at least 5% of the votes that may be cast at the general meeting; or (b) at least 100 members who are entitled to vote at the general meeting.


74% of issued Jervois shares are held by those outside of the top 20 shareholders. If you want to make a change to the glacial speed with which Jervois moves, make your voices heard. "