explod
explod
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Something is going on here. Sudden jump in price on very increased volume. No announcement at this stage.
JRV - Jervois Global
- Thread starter SLWK
- Start date
Call it intuition or call it just plain old simple hope....this movement in JRV & the long position taken by some Japanese brokerage houses (in the tune of a 100 mil or so) says that something is due to happen soon....what is it? I do not know...but something for sure....any idea guys????
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Nothing reported by ASX that would mirror the price rise.
Does anyone know how to really find out whos been buying in the last 2 weeks......
Todays pre-open looks like the trend is going to continue.......
Does anybody know whats going on?????
Does anyone know how to really find out whos been buying in the last 2 weeks......
Todays pre-open looks like the trend is going to continue.......
Does anybody know whats going on?????
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JRV has taken a hit >>>>> downwards...Last trade 14 cents
The good news is that there is new a new initial substantial holder, Private company buys 5.93% , 127 Million shares.......reported just before closing time. Thats interesting..
Tomorrows a new day
The good news is that there is new a new initial substantial holder, Private company buys 5.93% , 127 Million shares.......reported just before closing time. Thats interesting..
Tomorrows a new day
Sean K
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Up today, again ,,, .022 cents, Solid performance
No news, nothing, whats going on, Insider trading????
No news, nothing, whats going on, Insider trading????
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TRADING HALT!!!!!!!!!!
Yep,,Just as I thought, insiders knew this was coming and have been buying big over the last 3 days....
Lets just see whats in the new JV agreement...
If its all good, price could really shift north......
Yep,,Just as I thought, insiders knew this was coming and have been buying big over the last 3 days....
Lets just see whats in the new JV agreement...
If its all good, price could really shift north......
If you look at the graph for JRV in the last 5 years or so, you will observe that it moves in a narrow range for months on end and then announces some deals / possible deals and its price sky-rockets by 300 - 700% (it does come back down to earth as they haven't been able to close a deal yet, but that can change, we all know).
See the period around Dec 04, Feb 07 (churns in a narrow range for weeks) and spike thereafter immediately.
A similar paatern was created in the last few weeks where the sp moved from 1.6 - 1.8c range and now a trading halt has been announced. Lets see what happens on Tuesday when the halt is supposed to be lifted.
One more point to be taken into consideration this time is that in the last 4-5 months we have had two announcement regarding Change in Substantial Holding and we've had around 100 mill+ shares bought by Japanese investors and around 120mill by Norman Seckhold. A google search for Norman Seckhold shows that he is not a small fry.
Looks interesting for the next few days...lets see what they will be announcing on / before Tuesday...
See the period around Dec 04, Feb 07 (churns in a narrow range for weeks) and spike thereafter immediately.
A similar paatern was created in the last few weeks where the sp moved from 1.6 - 1.8c range and now a trading halt has been announced. Lets see what happens on Tuesday when the halt is supposed to be lifted.
One more point to be taken into consideration this time is that in the last 4-5 months we have had two announcement regarding Change in Substantial Holding and we've had around 100 mill+ shares bought by Japanese investors and around 120mill by Norman Seckhold. A google search for Norman Seckhold shows that he is not a small fry.
Looks interesting for the next few days...lets see what they will be announcing on / before Tuesday...
Attachments
Trading halt has been lifted. The price certainly has shot up again.
The company has made one announcement subsequent to the trading halt being lifted: Young Development Agreement signed with China.
Jervois Mining Ltd (ASX: JRV) has entered into a Frame Agreement for the cooperative development of the Young nickel laterite resource in NSW, Australia.
Jervois Mining has agreed to the project development deal with the China Railway Group Limited (www.crec.cn), Resource Development Branch; a company registered in Beijing China (China Railway Resource) and Yunnan Jiaming Technology and Industry Company, a company registered in Kunming, Yunnan, China (Jiaming).
This is a joint venture agreement, under which JRV will contribute its exploration licences and the Chinese companies will contribute funding and technology for recovery of nickel and cobalt.
Looks like a positive way to start getting the stuff out of the ground.
The company has made one announcement subsequent to the trading halt being lifted: Young Development Agreement signed with China.
Jervois Mining Ltd (ASX: JRV) has entered into a Frame Agreement for the cooperative development of the Young nickel laterite resource in NSW, Australia.
Jervois Mining has agreed to the project development deal with the China Railway Group Limited (www.crec.cn), Resource Development Branch; a company registered in Beijing China (China Railway Resource) and Yunnan Jiaming Technology and Industry Company, a company registered in Kunming, Yunnan, China (Jiaming).
This is a joint venture agreement, under which JRV will contribute its exploration licences and the Chinese companies will contribute funding and technology for recovery of nickel and cobalt.
Looks like a positive way to start getting the stuff out of the ground.
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This is the best news I've heard in a long time. Considering the number of Chinese investors, the planned initial production and well figured out long term vision sounds like the investing consortium have put on their thinking caps on and hammered out a well balanced agreement for both the investor and JRV. I have been with JRV for over 6 years and belive for the first time we are playing with a bat and ball and both teams are ready to play. :jump:
6 years with JRV....wow...you sure are the person I was looking out for then....you have experienced the announcements of these 6 years first hand ...how different does it sound this time compared to the last few times? I think this time its for real i.e. it can materialize...what are your views on this? If the guidelines / milestones start getting hit as per their announcement then the market will definitely change its tune as after the initial rush last tuesday, things have been quite slack and the slide has been pretty disappointing from 3.8 --> 2.2c....
Goodluck to all holders...fingers crossed
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Folks
I wished to provide you full report story from Eureka Report
But do not want to get an interaction (?) from friendly moderators
So extract within copyright story
A mouse that might roar
By Michael Feller
PORTFOLIO POINT: Jervois is a tiny company, but two big joint venture partners could change that.
Junior miner Jervois Mining (JRV) could well become the Fortescue of nickel, speculates Melbourne investment analyst Richard Campbell.
“When I first looked at the company, back when nickel was $US50,000 a tonne, I saw it was sitting on roughly $30–50 billion worth of nickel in raw terms,” Campbell says. “It’s also got perhaps $3 billion worth of cobalt and a significant amount of iron ore at a grade of 15%. I thought this must be the most undervalued company in Australia.”
The word is out, yet even though Jervois has gained some 20% over the past week to reach a market cap of about $50 million (it closed on Tuesday at 2.3 ¢), it’s still a relatively tiny (and speculative) company, one that has been quietly going about its business – mainly gold, and before that, copper mining – since first listing in Adelaide back in 1963.
On June 2, Jervois announced a clever three-way deal with two top Chinese partners, one a proven joint venture operator, the other one of the world's biggest railway companies. With free carried interest of 20%, and the option to take that up to 30% dollar-for-dollar, Jervois is now working alongside Yunnan Jiaming, a nickel specialist, and the $US15 billion China Railway Group on a nickel laterite project outside Young, NSW. "
I wished to provide you full report story from Eureka Report
But do not want to get an interaction (?) from friendly moderators
So extract within copyright story
A mouse that might roar
By Michael Feller
PORTFOLIO POINT: Jervois is a tiny company, but two big joint venture partners could change that.
Junior miner Jervois Mining (JRV) could well become the Fortescue of nickel, speculates Melbourne investment analyst Richard Campbell.
“When I first looked at the company, back when nickel was $US50,000 a tonne, I saw it was sitting on roughly $30–50 billion worth of nickel in raw terms,” Campbell says. “It’s also got perhaps $3 billion worth of cobalt and a significant amount of iron ore at a grade of 15%. I thought this must be the most undervalued company in Australia.”
The word is out, yet even though Jervois has gained some 20% over the past week to reach a market cap of about $50 million (it closed on Tuesday at 2.3 ¢), it’s still a relatively tiny (and speculative) company, one that has been quietly going about its business – mainly gold, and before that, copper mining – since first listing in Adelaide back in 1963.
On June 2, Jervois announced a clever three-way deal with two top Chinese partners, one a proven joint venture operator, the other one of the world's biggest railway companies. With free carried interest of 20%, and the option to take that up to 30% dollar-for-dollar, Jervois is now working alongside Yunnan Jiaming, a nickel specialist, and the $US15 billion China Railway Group on a nickel laterite project outside Young, NSW. "
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Thanks Miner for that Refs report......
The share price has been holding back most probably due to previuos failed attemps to lockin an agreement, and there have been many.
Will it path your floor with Gold, I don't know, but other similiar companies that have been undervalued have mimicked a similiar path.
The share price has been holding back most probably due to previuos failed attemps to lockin an agreement, and there have been many.
Will it path your floor with Gold, I don't know, but other similiar companies that have been undervalued have mimicked a similiar path.
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i also saw the eureka report and having held FMG, can see some similarities
on another note:
Nickel Rises to Three-Week High as BHP Shuts Australian Smelter
By Chanyaporn Chanjaroen
June 12 (Bloomberg) -- Nickel rose to a three-week high after BHP Billiton Ltd., the world's third-largest producer of the metal, said it will shut down an Australian smelter and refinery that produces about 2 percent of world supply.
The earlier-than-planned rebuild of the Kalgoorlie smelter furnace will reduce nickel sales by 28,000 metric tons, the Melbourne-based company said today. The Kwinana refinery will be closed during the overhaul.
``It's a positive driver for the market,'' Adam Rowley, an analyst at Macquarie Group Ltd. in London, said today by phone. ``With the disruption in Australia, nickel is moving to a balance from a surplus.''
Nickel for delivery in three months on the London Metal Exchange rose as much as $1,400, or 6 percent, to $24,600 a ton, the highest intraday price since May 22. It traded at $24,595 a ton as of 6:16 p.m. local time.
The Kalgoorlie closure added to concern about supply. Minara Resources Ltd., Australia's second-largest nickel producer, cut its output forecast two days ago by as much as 23 percent. Stockpiles of the metal, used in stainless steel, have fallen 8.2 percent since April 30 to 47,220 tons, according to LME data.
Goldman Sachs Group Inc. reduced its nickel forecasts for this year through 2010 because of surplus supply. Prices will average $24,522 this year, 15 percent less than the previous estimate, the bank's analysts said in a report dated yesterday. They cut the 2009 forecast by 34 percent.
Slower growth in stainless-steel production will limit any gain in nickel prices this year, Macquarie's Rowley said. UBS AG's strategist John Reade recommends investors sell nickel futures once prices exceed $28,000, a level last reached May 8.
Commodities Index
The UBS Bloomberg Constant Maturity index tracking 26 commodities fell 0.7 percent as the dollar gained against the euro and yen, eroding commodities' investment appeal as a currency hedge.
Copper dropped $70, or 0.9 percent, to $7,850 a ton. LME- monitored copper inventories fell 650 tons, or 0.5 percent, to 120,625 tons, extending this year's drop to 39 percent. Including those monitored by bourses in Shanghai and New York, they totaled 169,469 tons, or 3.3 days of global consumption, according to Bloomberg calculations. Last year's average was 4.9 days.
Tin fell $400, or 1.9 percent, to $21,100 a ton after LME- monitored inventories fell 335 tons, or 4.5 percent, to 7,190 tons, the lowest since Sept. 1, 2005.
Among other LME-traded metals, aluminum dropped $8 to $2,952 and lead declined $40 to $1,840. Zinc fell $49 to $1,871 a ton.
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net
Last Updated: June 12, 2008 13:22 EDT
on another note:
Nickel Rises to Three-Week High as BHP Shuts Australian Smelter
By Chanyaporn Chanjaroen
June 12 (Bloomberg) -- Nickel rose to a three-week high after BHP Billiton Ltd., the world's third-largest producer of the metal, said it will shut down an Australian smelter and refinery that produces about 2 percent of world supply.
The earlier-than-planned rebuild of the Kalgoorlie smelter furnace will reduce nickel sales by 28,000 metric tons, the Melbourne-based company said today. The Kwinana refinery will be closed during the overhaul.
``It's a positive driver for the market,'' Adam Rowley, an analyst at Macquarie Group Ltd. in London, said today by phone. ``With the disruption in Australia, nickel is moving to a balance from a surplus.''
Nickel for delivery in three months on the London Metal Exchange rose as much as $1,400, or 6 percent, to $24,600 a ton, the highest intraday price since May 22. It traded at $24,595 a ton as of 6:16 p.m. local time.
The Kalgoorlie closure added to concern about supply. Minara Resources Ltd., Australia's second-largest nickel producer, cut its output forecast two days ago by as much as 23 percent. Stockpiles of the metal, used in stainless steel, have fallen 8.2 percent since April 30 to 47,220 tons, according to LME data.
Goldman Sachs Group Inc. reduced its nickel forecasts for this year through 2010 because of surplus supply. Prices will average $24,522 this year, 15 percent less than the previous estimate, the bank's analysts said in a report dated yesterday. They cut the 2009 forecast by 34 percent.
Slower growth in stainless-steel production will limit any gain in nickel prices this year, Macquarie's Rowley said. UBS AG's strategist John Reade recommends investors sell nickel futures once prices exceed $28,000, a level last reached May 8.
Commodities Index
The UBS Bloomberg Constant Maturity index tracking 26 commodities fell 0.7 percent as the dollar gained against the euro and yen, eroding commodities' investment appeal as a currency hedge.
Copper dropped $70, or 0.9 percent, to $7,850 a ton. LME- monitored copper inventories fell 650 tons, or 0.5 percent, to 120,625 tons, extending this year's drop to 39 percent. Including those monitored by bourses in Shanghai and New York, they totaled 169,469 tons, or 3.3 days of global consumption, according to Bloomberg calculations. Last year's average was 4.9 days.
Tin fell $400, or 1.9 percent, to $21,100 a ton after LME- monitored inventories fell 335 tons, or 4.5 percent, to 7,190 tons, the lowest since Sept. 1, 2005.
Among other LME-traded metals, aluminum dropped $8 to $2,952 and lead declined $40 to $1,840. Zinc fell $49 to $1,871 a ton.
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net
Last Updated: June 12, 2008 13:22 EDT
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The SP can only go up from here (not considering any major world event).
An agreement that has been well thought out by all parties.
Nickle and Cobalt rising and will be in high demand for the next 10-20 years due to that both are used in the new generation light batteries for Hybrid Autos.
Can it even get any better, Yep, this is just the beginning.......
An agreement that has been well thought out by all parties.
Nickle and Cobalt rising and will be in high demand for the next 10-20 years due to that both are used in the new generation light batteries for Hybrid Autos.
Can it even get any better, Yep, this is just the beginning.......
Sean K
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Similarities between FMG and JRV? Like, they are mining companies?
Perhaps some more analysis required there agro. LOL
ToG, one half of the supply demand equation that you are not attacking is supply. Just because demand keeps rising doesn't mean prices keep going up. You need to look at all the mines coming on over the coming years at least to be able to make these sorts of calls.The SP can only go up from here (not considering any major world event).
An agreement that has been well thought out by all parties.
Nickle and Cobalt rising and will be in high demand for the next 10-20 years due to that both are used in the new generation light batteries for Hybrid Autos.
Can it even get any better, Yep, this is just the beginning.......
And due to that, saying the only way is up, is a bit premature perhaps.
Perhaps you could add a little more justification? Cheers, kennas
explod
explod
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Agree Kennas, one I have dealt with for a long time.
The Nickel price is very much the key. The spike a year or so back was on excitement that a breakthrough process had been found together with a processing firm who was going to join in. The CEO, in my view seemed to knock it on the head, who also played in and out of the stock at the time in big numbers.
Back then also the nickel price was breaking $US 22 a pound, we now see it languishing at $10. Housing downturn world wide will also have a big effect on stainless steel.
So I will continue to watch, and perhaps one day.
The Nickel price is very much the key. The spike a year or so back was on excitement that a breakthrough process had been found together with a processing firm who was going to join in. The CEO, in my view seemed to knock it on the head, who also played in and out of the stock at the time in big numbers.
Back then also the nickel price was breaking $US 22 a pound, we now see it languishing at $10. Housing downturn world wide will also have a big effect on stainless steel.
So I will continue to watch, and perhaps one day.
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All due respect to your call Kennas, it is a valid one..
Firstly, as you said Nickle is being used in stainless steel production but the demand now has turned to auto battery storage, since it is the lightest conductive metal used to store DC current (the hint is lightest). Sure the housing market, around the world has slowed but short of a World Recession/Depression, the market will recover (1-2 years) and bingo demand will increase and exacerbate the price even further.
Secondly, yes new mines are coming into production (some are large producers) but again, a couple will be closing down over the next 2 years. Just compare the recent price rise when BHP decided to closed one of it's mines for a couple of months for servicing.
If the world economy was that bad, how in hell did the major Coal and Fe produers manage to convince their suppliers with greater than 50% increases in prices..
Sorry Guys, It just doesn't add up.................
Firstly, as you said Nickle is being used in stainless steel production but the demand now has turned to auto battery storage, since it is the lightest conductive metal used to store DC current (the hint is lightest). Sure the housing market, around the world has slowed but short of a World Recession/Depression, the market will recover (1-2 years) and bingo demand will increase and exacerbate the price even further.
Secondly, yes new mines are coming into production (some are large producers) but again, a couple will be closing down over the next 2 years. Just compare the recent price rise when BHP decided to closed one of it's mines for a couple of months for servicing.
If the world economy was that bad, how in hell did the major Coal and Fe produers manage to convince their suppliers with greater than 50% increases in prices..
Sorry Guys, It just doesn't add up.................
Quite surprised at the lack lustre response received to the announcement last week regarding the receipt of $1m payment from Chin Rail..IMO that was the first sign of the intentions of China Rail to take the JV through...but as they sa, the market moves in a mysterious ways...this was a terrific example of that...
Anyways, we have a few milestones on the way...lets see how long the market ignores them...
Anyways, we have a few milestones on the way...lets see how long the market ignores them...
Hi all, newbie here so sorry about the question:
I am looking at the charts for JRV and it looks like there is support at 0.016 am i correct in this?
My biggest concern is looking at all the data to date for JRV it has a spike approx every 3-5 years which can be explained by the possible tie ups etc.
With the Chinese payment does this suggest the possibility to go to 0.03 in the next few months?
Thanks
I am looking at the charts for JRV and it looks like there is support at 0.016 am i correct in this?
My biggest concern is looking at all the data to date for JRV it has a spike approx every 3-5 years which can be explained by the possible tie ups etc.
With the Chinese payment does this suggest the possibility to go to 0.03 in the next few months?
Thanks
