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JRV - Jervois Global

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It looks like Mr Skelold has lost the case but strangely, D Purcell has lost his seat. Don't quote me, but see results from the fed court at the end of the decision result;;;

Please someone verify whats happening........

SCHEDULE B



1. The removal of Richard Campbell as Director

For: 926,443,545

Against: 784,014,274

Abstain: 3,793,271
2. Adoption of a new constitution

For: 1,592,991,040

Against: 114,484,919

Abstain: 7,870,132
3. Placement of shares

For: 1,562,016,565

Against: 140,575,822

Abstain: 9,754,704
4. Removal of Duncan Campbell Pursell as Director

For: 882,508,893

Against: 831,464,260

Abstain: 1,372,938
5. Removal of Malcolm Lindsay Jansen as Director

For: 860,645,846

Against: 838,441,537

Abstain: 16,258,708
6. Removal of Derek Alan Foster as Director

For: 874,224,643

Against: 838,088,004

Abstain: 2,111,444
7. Removal of Professor Kenneth Collerson as Director

For: 875,360,015

Against: 837,152,965

Abstain: 2,833,111
8. The appointment of Norman Seckold as Director

For: 875,268,204

Against: 836,063,607

Abstain: 3,833,465
9. The appointment of Peter Nightingale as Director

For: 869,543,811

Against: 840,831,328

Abstain: 4,797,951
10. The appointment of Melanie Leydin as Director

For: 868,062,718

Against: 841,756,421

Abstain: 3,631,951
11. Confirm appointment of Richard Campbell as Director

For: 882,763,720

Against: 827,648,980

Abstain: 3,838,390
 
Please ignor my previuos post, when I read the Federal Court verdict I miss understood that schedule B in the report was provided by Mr RICHARD MALCOLM CAMPBELL and not by Judge GOLDBERG...... :(:(
 
ASIC probes claims on junior miner
Mathew Murphy
May 29, 2009

AUSTRALIA'S corporate regulator is probing allegations against junior Jervois Mining, which is embroiled in claims of market manipulation, related-party transactions and misleading shareholders.

The company strongly denies the claims, which also have been aired recently in the Federal Court before Justice Alan Goldberg.

The Australian Securities and Investments Commission is reviewing a report, compiled by a former in-house analyst, Peter Francis, detailing the allegations. Several statutory declarations that broadly support the report, including one from former Jervois director Richard Campbell, have been lodged with the regulator.

Last month at an extraordinary meeting of Jervois, Mr Campbell and a group of rebel shareholders accused the management of losing about $8 million of shareholders' funds and repeated share placements that significantly diluted the share price.

But they failed to oust Jervois managing director Duncan Pursell and board members including Derek Foster.

The rebels also claimed that Mr Pursell had botched a multimillion-dollar joint-venture deal with China Rail Resources to develop the company's nickel/cobalt project in Young, NSW.

At the nub of the complaint is Jervois' relationship with sometime underwriter New Age Exploration and the unlisted Goldpride.

In January, Jervois announced a capital raising by way of a 1-for-5 rights issue of about 428 million shares. But it received applications for only 131 million shares. After Jervois had sent out a notice of an EGM to be held in April, it issued hundreds of millions of shares, partly to cover the shortfall. But it was Jervois' swap of 200 million of its shares to New Age, at a 25 per cent discount, for 6 million New Age shares, at an 85 per cent premium, that caused the most ire.

Then in March, again before the EGM, Jervois acquired tenements from Goldpride neighbouring its Bullabulling gold venture in Western Australia in return for 125 million shares. That was despite Mr Pursell saying as recently as November that Jervois had no interest in Bullabulling and "will be closing the mine at the end of the year".

"In my opinion, it is clear that Jervois … deliberately misled shareholders in regards to the rights issue," Mr Francis says in the ASIC document. "A further (252 million) shares were issued that could not have been issued (without) the vote of the shareholders. The issues surrounding the EGM, in my opinion, were designed to mislead shareholders and influence the outcome of the voting at the EGM."

A spokesman for Jervois denied it had paid a premium on the New Age transaction. He said Jervois was seeking a joint-venture partner for Bullabulling with a view of expanding the loss-making operation.

"Jervois has always maintained a flexible attitude to Bullabulling," he said in a statement.

Two weeks before the Goldpride acquisition, members of Mr Foster's immediate family transferred ownership to Shane Fitch and Peter Peebles, who then on-sold to Jervois.

Mr Campbell's statutory declaration to ASIC says Mr Foster, a former mine manager at Bullabulling and now a Jervois director, never disclosed a prior interest in the asset even though his wife was a director of Goldpride.

"This company shows all the traits of market manipulation and a company that is being controlled and run as a private company," Mr Francis says in his report to ASIC. "Numerous breaches of the ASX rules and the Corporations Law are present."
 
Bohaty said:
ASIC probes claims on junior miner
Mathew Murphy
May 29, 2009

AUSTRALIA'S corporate regulator is probing allegations against junior Jervois Mining, which is embroiled in claims of market manipulation, related-party transactions and misleading shareholders.

The company strongly denies the claims, which also have been aired recently in the Federal Court before Justice Alan Goldberg.

The Australian Securities and Investments Commission is reviewing a report, compiled by a former in-house analyst, Peter Francis, detailing the allegations. Several statutory declarations that broadly support the report, including one from former Jervois director Richard Campbell, have been lodged with the regulator.

Last month at an extraordinary meeting of Jervois, Mr Campbell and a group of rebel shareholders accused the management of losing about $8 million of shareholders' funds and repeated share placements that significantly diluted the share price.

But they failed to oust Jervois managing director Duncan Pursell and board members including Derek Foster.

The rebels also claimed that Mr Pursell had botched a multimillion-dollar joint-venture deal with China Rail Resources to develop the company's nickel/cobalt project in Young, NSW.

At the nub of the complaint is Jervois' relationship with sometime underwriter New Age Exploration and the unlisted Goldpride.

In January, Jervois announced a capital raising by way of a 1-for-5 rights issue of about 428 million shares. But it received applications for only 131 million shares. After Jervois had sent out a notice of an EGM to be held in April, it issued hundreds of millions of shares, partly to cover the shortfall. But it was Jervois' swap of 200 million of its shares to New Age, at a 25 per cent discount, for 6 million New Age shares, at an 85 per cent premium, that caused the most ire.

Then in March, again before the EGM, Jervois acquired tenements from Goldpride neighbouring its Bullabulling gold venture in Western Australia in return for 125 million shares. That was despite Mr Pursell saying as recently as November that Jervois had no interest in Bullabulling and "will be closing the mine at the end of the year".

"In my opinion, it is clear that Jervois … deliberately misled shareholders in regards to the rights issue," Mr Francis says in the ASIC document. "A further (252 million) shares were issued that could not have been issued (without) the vote of the shareholders. The issues surrounding the EGM, in my opinion, were designed to mislead shareholders and influence the outcome of the voting at the EGM."

A spokesman for Jervois denied it had paid a premium on the New Age transaction. He said Jervois was seeking a joint-venture partner for Bullabulling with a view of expanding the loss-making operation.

"Jervois has always maintained a flexible attitude to Bullabulling," he said in a statement.

Two weeks before the Goldpride acquisition, members of Mr Foster's immediate family transferred ownership to Shane Fitch and Peter Peebles, who then on-sold to Jervois.

Mr Campbell's statutory declaration to ASIC says Mr Foster, a former mine manager at Bullabulling and now a Jervois director, never disclosed a prior interest in the asset even though his wife was a director of Goldpride.

"This company shows all the traits of market manipulation and a company that is being controlled and run as a private company," Mr Francis says in his report to ASIC. "Numerous breaches of the ASX rules and the Corporations Law are present."
Click to expand...


Thanks Bohaty
The JRV management is a bunch of crooks and worse than Alan Bond.:banghead:
Disclaimer : YES I AM GUILTY to be a current holder of JRV:mad:
 
mmmm..a sudden turnaround?

ANNOUNCEMENT: NEW NICKEL/COBALT LATERITE DISCOVERY- SUMMERVALE, N.S.W.
The Company is pleased to announce some remarkable early drilling results targeting what was a suspected and
possibly large extension of the known nickel/cobalt resource of 16 million tonnes @ 0.83% nickel and 0.06%
cobalt identified many years ago by then Anaconda Ltd (now Minara Resources Ltd) at Summervale, near Nyngan,
N.S.W. In the new zone identified by ground and airborne magnetics every hole intersected strong mineralisation
particularly for nickel. The intercepted intervals are considered likely to potentially double in thickness when final
assays are received.
 
Mmmm. They think because of the high grades, this will actually become the company's primary asset.

Would be nice if it's true.
 
i'm thinking of getting into this stock, the previous announcement sound very good, guess there will be another announcement out soon within a week or two. if the last announcement it's true, this stock will be a very profitable trade.
 
sunslush said:
i'm thinking of getting into this stock, the previous announcement sound very good, guess there will be another announcement out soon within a week or two. if the last announcement it's true, this stock will be a very profitable trade.
Click to expand...

Congratulations
I got substantial holding on JRV which has reduced to only by 50% .
Any taker can make an offer :D:D

Just kidding and of course DYOR before openly announcing to buy JRV or any other share and please read the previous threads

Yes, I am a holder but just can not sell holding until the present directors are sent to court of justice :mad:
 
I was Also Thinking about buying some of these shares in the hope that the future will prove it goes to a good price, im not sure about the companys history but from the brief posts i have read it seems like a Stinger :( Not sure if its worth the gamble to maybe buy some shares at the current price.

Unsure.
 
16/09/2009 JRV: Drilling program commences on Bunnawarra JV Project
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00988606

ASX ANNOUNCEMENT
Drilling program commences at Bunnawarra joint venture project

BUNNAWARRA JOINT VENTURE PROJECT EL59/1391
(New Age and Jervois Mining to earn up to 80%)

New Age Exploration Limited (the Company”), in hand with its contributing joint venture partner, Jervois Mining Limited (ASX: JRV) (“Jervois”) have been advised by the projects consulting geologists, Derek Foster and Associates that drilling will commence at the Bunnawarra joint venture project during the week.

The underlying geology of the Bunnawarra lease is complex, consisting of a pegmatite gneiss with rafts of banded iron, amphibolite and granite which are strongly folded and faulted.

The Bunnawarra lease has been auger drilled on a 100 x 1,000m grid for gold, base metals, molybdenum, rare earth, chromium, silver, copper, lead, antimony, zinc, manganese, nickel, bismuth, tungsten, selenium and iron.

The results have shown that the tenement has a number of anomalous areas of mineralization including molybdenum, gold, rare earth and base metals and iron. The aeromagnetic map shows the underlying structure. The molybdenum (Mo) anomaly is shown in red, gold (Au) in purple and rare earths in green.

Proposed drill lines are indicated on the red molybdenum anomaly. In addition some of the gold anomalies will be tested by drilling.

The gold anomalies, which are between one and two kilometres apart, will need infill auger geochemical drilling to test the veracity of the anomalies.

Whilst this work is in progress the base metal and other anomalies will be mapped and ascertained for their potential to carry an ore resource.

A number of base metals ore bodies are in the vicinity of the Bunnawarra Project including the larger Golden Grove Mine.

Barite, uranium, gold and molybdenum resources are also known in the vicinity of the project.
 
01-10-2009 05:07 PM Reinstatement to Official Quotation
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00994601

01-10-2009 05:00 PM Annual Report to shareholders
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00994597

PRINCIPAL ACTIVITIES
The principal activities of the economic entity during the year were gold production and mineral exploration.
There were no significant changes in the nature of these activities during the year except for:
• The Company raised $1,643,017 before costs through a rights issue of 410,758,638 shares.
• The Company raised $1,205,209 before costs via placements of 286,802,238 shares.
• The Company acquired Goldpride Pty Ltd through the issue of 125,000,000 shares for $500,000 as a new subsidiary.

OPERATING RESULTS
The consolidated operating loss after income tax for the financial year ended 30 June 2009 was a loss of
$3,435,757 (2008 – loss of $2,598,174).

REVIEW OF FINANCIAL POSITION
The net assets of the consolidated entity have decreased by $138,518 from 30 June 2008 to $10,157,778

The major movements were:
(i) Capital raisings – as detailed above
(ii) Capitalisation of exploration expenditure of $1,211,983
(iii) Expenditure on research and development of $521,037.

The consolidated entity’s working capital, being current assets less current liabilities is $2,945,998 in 2009 compared with $4,221,972 in 2008.

During the year the company successfully raised $2,797,239 (after costs) by way of share issues.

The Directors believe the Company is in a strong and stable position to expand and grow its current operations.

Cash and cash equivalents at the End of the Financial Year $2,319,100
 
BigDog would like todays 40% jump !

I've had this in the bottom draw for ages & though it was in a coma :)
 
ASX ANN yesterday
14/10/2009 Exploration Update 2
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00998190

News article on above
http://www.businessspectator.com.au...l-assays-leads-to--WTAEK?opendocument&src=rss

5:40 PM, 14 Oct 2009
Jervois Mining's high-grade nickel assays leads to further drilling

Jervois Mining Ltd is planing for further exploratory drilling at Nyngan-Westlynn prospect in NSW to reach proper JORC resource status, after latest assay results indicated a major discovery of high grade nickel in laterite (13m of 1.41% nickel) in one key drill hole.

These assay results, combined with those reported on June 25, identified a block of continuous mineralisation estimated to be 200m wide and 800m long.

The company said the resource didn't follow the expected magnetic signature and as such was difficult to locate.

STOCK DASHBOARD: October 14, 2009

Jervois Mining

Price at 11:00 am: 0.50c

Relative Strength (6 months percentile rank): 2.8

Market capitalisation: $15.3 million

Turnover volume: 1,200,000.0

Volume Index (1 is average): 1.4

Turnover value: $6,000

Turnover period: 2 years 4 months

Value of $1,000 invested 1 year ago: $360
 
bigdog said:
DUNCAN CAMPBELL PURSELL (director) bought 21 OCTOBER 2009 10,000,000 shares for $60,000.00
Click to expand...


Someone bought 20,000,000 in one hit on October 14th? No ASX announcement on that trade!

Duncan's $60,000 investment is not that big, but does it actually indicate something positive?

(I am a holder)
 
Re: JRV - Jervois Mining shareholders please wake-up

Bohaty said:
ASIC probes claims on junior miner
Mathew Murphy
May 29, 2009

AUSTRALIA'S corporate regulator is probing allegations against junior Jervois Mining, which is embroiled in claims of market manipulation, related-party transactions and misleading shareholders.

The company strongly denies the claims, which also have been aired recently in the Federal Court before Justice Alan Goldberg.

The Australian Securities and Investments Commission is reviewing a report, compiled by a former in-house analyst, Peter Francis, detailing the allegations. Several statutory declarations that broadly support the report, including one from former Jervois director Richard Campbell, have been lodged with the regulator.

Last month at an extraordinary meeting of Jervois, Mr Campbell and a group of rebel shareholders accused the management of losing about $8 million of shareholders' funds and repeated share placements that significantly diluted the share price.

But they failed to oust Jervois managing director Duncan Pursell and board members including Derek Foster.

The rebels also claimed that Mr Pursell had botched a multimillion-dollar joint-venture deal with China Rail Resources to develop the company's nickel/cobalt project in Young, NSW.

At the nub of the complaint is Jervois' relationship with sometime underwriter New Age Exploration and the unlisted Goldpride.

In January, Jervois announced a capital raising by way of a 1-for-5 rights issue of about 428 million shares. But it received applications for only 131 million shares. After Jervois had sent out a notice of an EGM to be held in April, it issued hundreds of millions of shares, partly to cover the shortfall. But it was Jervois' swap of 200 million of its shares to New Age, at a 25 per cent discount, for 6 million New Age shares, at an 85 per cent premium, that caused the most ire.

Then in March, again before the EGM, Jervois acquired tenements from Goldpride neighbouring its Bullabulling gold venture in Western Australia in return for 125 million shares. That was despite Mr Pursell saying as recently as November that Jervois had no interest in Bullabulling and "will be closing the mine at the end of the year".

"In my opinion, it is clear that Jervois … deliberately misled shareholders in regards to the rights issue," Mr Francis says in the ASIC document. "A further (252 million) shares were issued that could not have been issued (without) the vote of the shareholders. The issues surrounding the EGM, in my opinion, were designed to mislead shareholders and influence the outcome of the voting at the EGM."

A spokesman for Jervois denied it had paid a premium on the New Age transaction. He said Jervois was seeking a joint-venture partner for Bullabulling with a view of expanding the loss-making operation.

"Jervois has always maintained a flexible attitude to Bullabulling," he said in a statement.

Two weeks before the Goldpride acquisition, members of Mr Foster's immediate family transferred ownership to Shane Fitch and Peter Peebles, who then on-sold to Jervois.

Mr Campbell's statutory declaration to ASIC says Mr Foster, a former mine manager at Bullabulling and now a Jervois director, never disclosed a prior interest in the asset even though his wife was a director of Goldpride.

"This company shows all the traits of market manipulation and a company that is being controlled and run as a private company," Mr Francis says in his report to ASIC. "Numerous breaches of the ASX rules and the Corporations Law are present."
Click to expand...


Concerned Shareholders - If you are worried that JRV is no longer a going concern.

For complaints about alleged misconduct or illegal activity concerning:

- how company directors and officers manage their companies
- incorrect or late release of company information to the market
- raising money from the public
- a company continuing to trade while unable to pay its debts
- how company administrators, liquidators or auditors perform their duties
- misleading or deceptive conduct to do with borrowing money, and
- a takeover or company restructure.


Lodge a complaint - download form from here

http://www.asic.gov.au/asic/asic.ns...ng+about+companies+or+people?opendocument#how


Sending your complaint via mail, fax or email
You can also print our complaint form and send your complaint to us.

Post your form to

ASIC Complaints
Australian Securities and Investments Commission
PO Box 9149
Traralgon Vic 3844

Or fax it to
Australia (03) 5177 3749
International + 61 3 5177 3749

Email - infoline@asic.gov.au

Speaking to ASIC
Phone 1300 300 630 (international +613 5177 3777)

You can also lodge the complaint online at the following link for what it's worth - simple English should be enough for them to understand the message. Perhaps all they need is a dozen of them. More would be better.

Do it - what have you got to lose.

LINK

http://www.asic.gov.au/asic/asic.ns...ng+about+companies+or+people?opendocument#how

"Making your complaint online

Fill in our online complaint form and send your complaint to us electronically. You will be able to view, save and print a copy of your completed complaint.

What will happen with your complaint?

We record your complaint and look carefully at what you have told us. We aim to understand the facts and to see if the law has been broken. ASIC can only act if the law has been broken. .... "


Before you lodge a complaint, read also the following:

What goes on behind closed boardroom doors
THE AGE 9/1/09
Jervois, a would-be nickel miner, made an extraordinary announcement on Christmas Eve. Managing director Duncan Pursell, who said he was responding to an "informal query" from the ASX's Adelaide office over something apparently unrelated, went on to detail a nasty spat.


He revealed that fellow directors Melanie Leydin and Richard Campbell had called on December 17 for a board meeting to consider a requisition from shareholders for a meeting to remove Pursell and Malcolm Jansen.

The idea was to bring in Sydney-based mining entrepreneur Norm Seckold, already Jervois' largest shareholder, with about 6 per cent ”” and better known as the man who did get his money out of Opes Prime ”” and his colleague Peter Nightingale.

Pursell reckoned his legal advice was that the requisition was deficient, but the board still met on December 22 to consider it. Neither Leydin nor Campbell turned up.

Other, as yet unrevealed, resolutions were passed in their absence, but that same day Leydin and Campbell persuaded Justice Ray Finkelstein to grant an injunction preventing Jervois' board from implementing resolutions passed on either December 22 or December 12. Leydin, who is a well-respected company secretary for several groups, quit the board on December 29.

Jervois also has another potential $US1 million court case over a dispute with a Chinese partner.

Pursell has since announced a 1-for-5 rights issue at 0.4 ¢ a share to raise $1.7 million ”” in the unlikely event everyone takes it up. Jervois is believed to have about six months' worth of money left at current company cash-burn rates

A number of existing shareholders seem to be very grumpy about the dilutive effects of the issue, especially given Jervois already has 2.1 billion shares on issue, and a market worth of just $15 million, and this would add more than 400 million shares.

(Historic footnote: Lancelot was, sadly, around 20 years ago when Pursell took control at Jervois after Ian Sykes, the man whose XL Petroleum is credited with giving Melburnians cheaper fuel for their cars, had to sell when he predicted the market would collapse and it didn't. Back then Jervois' market worth was $3 million with 40 million shares.)

The chatter on the HotCopper forum, apart from being dominated by a pro-Seckold group using "jervoisvision2009" as its banner, suggests Jervois has more than one member of the Pursell family on the books ”” which may be influencing decisions about how to cut operating costs.

[ .....]

imcilwraith@theage.com.au
 
New announcement out today....JV talks with EMC from Canada for the world's biggest (and the only????) resource of the rare earth metal - Scandium....looks interesting....

would like to know your views on this JV and if you know more about Scandium and its extraction in any more detail....

I am a long term holder of JRV and I bought a small parcel today post the announcement....
 
mr_delta said:
...

JV talks with EMC from Canada for the world's biggest (and the only????) resource of the rare earth metal - Scandium

...
Click to expand...

(emphasis not in original)

MLM (80%) SRL (20%) Kokomo Scandium jv (QLD)

jorc resource as follows

9.0Mt @ 109 g/t Sc, using 70 g/t Sc cut-off, comprising

0.7Mt @ 154 g/t Sc measured;
3.8Mt @ 121 g/t Sc indicated;
4.4Mt @ 91 g/t Sc inferred

see MLMs ann dated 27/01/10
 
thanks for the info happytown....will follow that announcement and see the similarities with JRV....

There is some more press coverage in the Australian today regarding this announcement and lets hope the investors get to hear of this announcement from different quarters so that they can do some research on this rare metal and if they want a play in it, JRV would be one of the ideal vehicle....
 

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