JRV - Jervois Global

[Dona Ferentes]

as is written....

If equity markets showed as much enthusiasm for cobalt as Western governments have this year, Jervois Global chief executive Bryce Crocker would be a happier man.

Crocker’s ASX-listed battery minerals play has been at the centre of a taxpayer-funded bidding war since the United States offered $US15 million ($22.7 million) for the company to shift its cobalt refining growth plans from Finland to North America.

The Finnish government hit back in June, offering Jervois €12 million ($19.6 million) to return to its original growth strategy: the plan to double the size of the company’s existing refinery near the Finnish port of Kokkola.

The Finnish refinery is the only one of its kind outside China, producing close to 10 per cent of the battery-grade cobalt needed to power the world’s electric vehicle fleet.

Expanding an existing, revenue-generating asset like Kokkola is normally more attractive than building a greenfield project from scratch. But the sheer weight of money on offer from the US for critical minerals has tempted Jervois to favour the North American option, which could align with a plan to reopen a dormant cobalt mine in Idaho.

 

[debtfree]

A few tipsters picked JRV in the 2023 Yearly Comp. By the end of the year it had lost 83.66%, so it has now been tagged as one of the 4 Dogs in 2023 Comp.

So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't been a great start now down 31.82% this month already.

 

[Captain_Chaza]

 

[debtfree]

One of the Dogs (down -83.66%) in the 2023 Comp.
Nothing has changed here, it's down -43.18% so far this year and naturally the Short and Long term trends are down.

 

[JohnDe]

One of the Dogs (down -83.66%) in the 2023 Comp.
Nothing has changed here, it's down -43.18% so far this year and naturally the Short and Long term trends are down.

View attachment 173469

This might help you feel a little better -

Jervois commences U.S. Department of Defense funded drilling at ICO's RAM deposit

Jervois Global Limited (“Jervois”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) has commenced the underground resource extension programme at the RAM deposit at its 100%-owned Idaho Cobalt Operations (“ICO”) in Idaho, U.S., via local contractors Small Mine Development and Major Drilling, funded under a US$15M agreement with the U.S. Government.

The RAM resource extension programme has completed approximately 50% of the underground exploration drift and step-out drilling to define potential extension of the existing RAM mineral resource has commenced.

Based on the existing US$15.0 million Agreement Funding, Jervois direct expenditure for the resource extension programme including exploration development drifts, drilling, logging, assaying, MRE modelling and other related Jervois supervision costs through Q4 2024, are fully funded by the U.S. DoD.

The Agreement Funding is under the Manufacturing Capability Expansion and Investment Prioritization office of Industrial Base Policy using the U.S. Defense Production Act Title III authorities and utilises funds from the Additional Ukraine Supplemental Appropriations Act.

 

[debtfree]

One of the Dogs (down -83.66%) in the 2023 Comp.

No that didn't help @JohnDe it's now down over 60% this year. Under 0.02 cents now!

Market Index - ASX Stock Quotes, Charts & Analysis

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www.marketindex.com.au

 

[debtfree]

One of the Dogs (down -83.66%) in the 2023 Comp.

No that didn't help @JohnDe it's now down over 60% this year. Under 0.02 cents now!

Still heading the wrong way, down -66% now, not good.

 

[farmerge]

Still heading the wrong way, down -66% now, not good.

View attachment 177724

So it would appear that there is more than one dog company in the comp. Mine is of course STX

 

[debtfree]

So it would appear that there is more than one dog company in the comp. Mine is of course STX

I hope your 0.20 support line holds.

 

[Dona Ferentes]

One of the Dogs (down -83.66%) in 2023

No that didn't help ..it's now down over 60% this year.

oh well, there's always social media. !

1. No
2. Not Applicable
3. If the answer to question 1 is “no”, is there any other explanation that JRV may have for the recent trading in its securities?
The Company is aware of multiple social media posts attempting to falsely link previously announced U.S Government funding of our Idaho Cobalt Operations with the water rights of Idaho farmers and claimed individual U.S. politicians investment in the Company.
While we have publicly disclosed receipt of funding for ICO from the U.S. Government and are awaiting responses to additional applications for funding, we are not aware of any such investment in Jervois by U.S. politicians nor that our ICO operations impact negatively the water rights of any Idaho farmers. Accordingly, we have not responded to these social media posts.

4. In Compliance

 

[debtfree]

One of the Dogs (down -83.66%) in the 2023 Comp and now down -63.64% so far this year. A little bounce on the 21st June got them a please explain and their reply below.

Suite 2.03, 1-11 Gordon Street, Cremorne, Victoria 3121 Australia
Telephone: +61 (3) 9583 0498 Email: admin@jervoisglobal.com
ABN 52 007 626 575

Ash Aziz
Adviser
Listings Compliance
525 Collins Street,
Rialto, South Tower Level 50,
Melbourne, VIC, 3000
By email: ListingsComplainceMelbourne@asx.com.au

Dear Ash
Re: Request for Information

We refer to your letter dated 21 June 2024 and as requested set out below the Company’s response to your questions as follows:

1. Is JRV aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

No. The Company is not aware of any information concerning it that has not been announced to the market, which if known by some in the market, could explain the recent trading in the Company’s securities.

2. If the answer to question 1 is “yes”.

(a) Is JRV relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in JRV’s securities would suggest to ASX that such information may have ceased to be confidential and therefore JRV may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.

(b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).

(c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?

Not Applicable

3. If the answer to question 1 is “no”, is there any other explanation that JRV may have for the recent trading in its securities?

The Company is aware of multiple social media posts attempting to falsely link previously announced U.S Government funding of our Idaho Cobalt Operations (ICO) with the water rights of Idaho farmers and claimed individual U.S. politicians investment in the Company. While we have publicly disclosed receipt of funding for ICO from the U.S. Government and are awaiting responses to additional applications for funding, we are not aware of any such investment in Jervois by U.S. politicians nor that our ICO operations impact negatively the water rights of any Idaho farmers. Accordingly, we have not responded to these social media posts

4. The Company confirms it is complying with the Listing Rules and, in particular, Listing Rule 3.1.

5. The Company confirms its responses to the questions above have been authorised and approved by the Disclosure Committee of Jervois Global Limited.



On behalf of the Company

Alwyn Davey

 

[debtfree]

One of the Dogs (down -83.66%) in the 2023 Comp
Unbelievable, it touched it's lowest price ever again this month (0.014) after doing it in May/June and it wouldn't surprise me to see it go under that support line. Down a further -65.91% this year so far.