JRV - Jervois Global
- Thread starter SLWK
- Start date
- Joined
- 13 October 2006
- Posts
- 83
- Reactions
- 0
They have a nickel laterite project in Young that has a JORC of 280 mill tonnes nickel at 0.58% cut off.
Intec is buying up and I think they want it for this project as I suspect they will use their technology to get the nickel out.
Current value of the contained nickel in the ground is $60 billion!
Intec is buying up and I think they want it for this project as I suspect they will use their technology to get the nickel out.
Current value of the contained nickel in the ground is $60 billion!
- Joined
- 25 May 2006
- Posts
- 851
- Reactions
- 2
So what do you think is on Intecs mind?
Buy up 10% of JRV stock, so they can benifit from any SP rise once they approach the company.
Tell JRV that they have the process to get all the Nickel out.
Do a deal for half the profits.
Tell the ASX of the new joint venture.
Share price of both companys spike.
Win, Win for all involved!
This is just speculation, but how else can you read this given the estimated $60 Bil of Nickel in the ground. Sounds like a nice time to buy, especially after the pullback today. Mmmmm.... Thoughts?
Buy up 10% of JRV stock, so they can benifit from any SP rise once they approach the company.
Tell JRV that they have the process to get all the Nickel out.
Do a deal for half the profits.
Tell the ASX of the new joint venture.
Share price of both companys spike.
Win, Win for all involved!
This is just speculation, but how else can you read this given the estimated $60 Bil of Nickel in the ground. Sounds like a nice time to buy, especially after the pullback today. Mmmmm.... Thoughts?
This is all true Crazy Jim Smith, but its share price has gone up a lot over the last few days. By the way how is your forum going seeing that you now charge $120 pa for it? Considering that the ASF one is free of charge makes it a bargain.crazyjimsmith said:
DYOR
Re: Announcment.
That would be the worse announcement - 1/2 year report that I have ever seen. It's positively dismal.
I consistently get the feeling that the JRV Board are not happy about the attention they are getting from INL ie: possible takeover - as they are not embellishing it at all.
Mmmmmmaybe JRV will agree to a joint venture with them, but they seem to have their sites set on the Chinese MOU instead to provide those means. I get the feeling that JRV will want to keep calling the shots.
This might turn hostile at the meeting scheduled on the 8th March.
Just MHO - Please DYOR
That would be the worse announcement - 1/2 year report that I have ever seen. It's positively dismal.
I consistently get the feeling that the JRV Board are not happy about the attention they are getting from INL ie: possible takeover - as they are not embellishing it at all.
Mmmmmmaybe JRV will agree to a joint venture with them, but they seem to have their sites set on the Chinese MOU instead to provide those means. I get the feeling that JRV will want to keep calling the shots.
This might turn hostile at the meeting scheduled on the 8th March.
Just MHO - Please DYOR
- Joined
- 2 March 2006
- Posts
- 129
- Reactions
- 0
Or it could mean that the companys prospects are "positively dismal"... Just suggesting a possibility - Plenty of paper - and the only wealth created seems to be that of the directors...
Good luck to all holders - but after watching and participating in JRV over the years i am eminently cynical about these fellas... Not saying it won't work out... but be aware of where this company has come from... Now they tell us all of a sudden that the Scandium won't work out (when as far as i can remember they were full steam ahead last year - correct me if i am wrong)...
Good luck to all holders - but after watching and participating in JRV over the years i am eminently cynical about these fellas... Not saying it won't work out... but be aware of where this company has come from... Now they tell us all of a sudden that the Scandium won't work out (when as far as i can remember they were full steam ahead last year - correct me if i am wrong)...
Sodapop said:
This is a "don't buy us we're useless" report. If INTEC were the Chinese he'd be putting on a different face.
I get the feeling Pursell is afraid he's going to lose his company. He's keeping a public daily eye on the encroach by INTEC by publishing the top shareholder list daily for 5 days running.
Come meeting on the 8th, there may be a fight if JRV dont want to collaborate with INTEC, but INTEC might not want to leave that resource in the hands of JRV and neither might recent shareholders.
Just MHO - Please DYOR
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,151
- Reactions
- 11,288
Golly. I've just had a squiz at their report (holding INL) and you guys are right. Really strange report. Perhaps they were short for time. Or maybe the work experience kid wrote it.... 
Yeah, and compare that with INTECs most recent Hellyer report. Bright company INL.
I hope INL does a takeover if JRV will not submit to a Joint Venture, and does good things with the vast Nickel resource. That JRV report was very very shoddy. They even forgotten to tell us about the Uranium grab sampling & drill plan planned for the end of February 2007.
Next Fridays meeting (March 9) shall see.
ASX ANNOUNCEMENT 27th February 2007
Recent Trading and Top 20
In response to a suggestion from ASX (Adelaide) and in view of the recent trading in
Jervois Mining Limited, it is proposed to release a Top 20 holders list for the next 5 trading
days (or longer if appropriate).
A meeting with the Intec Ltd board has been arranged for Friday 9th March 2007.
By Order of the Board,
DUNCAN C. PURSELL
MANAGING DIRECTOR
New members to the Top Shareholders list today include a company called Thinking Net ... and a Chinese gentleman or woman (reps?) at 10m shares each.
Shareholders were hoping for more shares bought by INL methinks. Australian shareholders are wierd.
IMHO - Please DYOR
I hope INL does a takeover if JRV will not submit to a Joint Venture, and does good things with the vast Nickel resource. That JRV report was very very shoddy. They even forgotten to tell us about the Uranium grab sampling & drill plan planned for the end of February 2007.
Next Fridays meeting (March 9) shall see.
ASX ANNOUNCEMENT 27th February 2007
Recent Trading and Top 20
In response to a suggestion from ASX (Adelaide) and in view of the recent trading in
Jervois Mining Limited, it is proposed to release a Top 20 holders list for the next 5 trading
days (or longer if appropriate).
A meeting with the Intec Ltd board has been arranged for Friday 9th March 2007.
By Order of the Board,
DUNCAN C. PURSELL
MANAGING DIRECTOR
New members to the Top Shareholders list today include a company called Thinking Net ... and a Chinese gentleman or woman (reps?) at 10m shares each.
Shareholders were hoping for more shares bought by INL methinks. Australian shareholders are wierd.
IMHO - Please DYOR
- Joined
- 25 April 2006
- Posts
- 221
- Reactions
- 1
kennas said:Golly. I've just had a squiz at their report (holding INL) and you guys are right. Really strange report. Perhaps they were short for time. Or maybe the work experience kid wrote it....
Well I admit to being hopeless at understanding most mining announcements.........I hold INL and am following JRV with interest at the moment. I picked up a vibe from JRV announcement but couldn't be sure if it was just my interpretation. So thanks to those who have expressed their opinions on the subject........
Kennas.......love the last line of yours.......
MB
- Joined
- 7 December 2006
- Posts
- 254
- Reactions
- 0
I see what you guys mean and I agree with Kennas' work experience comment They need to take some lessons on not using passive language!!
bits of report with comments, note these comments aren't supposed to be downramping in nature, hopefully someone from the company will read and take it on board!!!!
Bullabulling South, WA
A ground magnetic survey yielded anomalous magnetic targets totally covered in alluvium/sand.
Should this be caused by ultramafic rocks, there is potential for both nickel sulphides and gold at
depth. 16.5 kilometres of Induced Polarisation (IP) survey was planned for early February 2007.
This technique can identify sulphides at depth.
OK fine so it was planned for Early Feb, what happened?? if it hasn't been done when will it be?? This just makes it sound like they can't meet goals. How about some comparisons to other geological precedents?? Do they have any geological expertise????
Young, NSW
Testwork and modelling continues to attempt to finalise a flowsheet. This will be followed by
confirmatory tests here in Australia and preliminary engineering studies. At some stage, a major joint
venture partner will be sought.
continues to attempt??? how about we are working towards a positive outcome!! progress made so far is blah..... At some stage?? how about we anticipate that this will take xyz time, we are already shortlisting potentially interested parties, for discussions of a potential JV (obviously they need to be doing this to report it, but if they aren't then WHY NOT!!!).
Forest Reefs Joint Venture, NSW
Newcrest Operations Limited (80%) reported the results of a diamond drill hole drilled to 606.4 metres.
The hole has been kept open for possible deepening.
OK so what were the results??? it must have been left open for a reason, so put some positive spin on it!!
Nyngan, NSW
The metallurgy of this resource is difficult and the company will continue its efforts to find a low cost
process route for the production of scandium oxide.
another comment that just oozes lack of confidence...
Uranium Exploration Joint Venture, WA
New Age Limited earning 60%
Five (5) Exploration Licences were applied for with potential for uranium discoveries. These were
expected to be granted in January/February 2007.
again were expected, so what happened!! once again this gives a very negative connotation. Almost like they don't care anymore, they are in a state of depression, because nothing is coming to fruition.
China Agent
Our China agent, Double Link Pty Ltd is actively seeking a major partner for the Young project in
China.
This from the point of view of an INL holder is the MOST encouraging part of the report IMO, if that major partner sees the potential in the Intec process, then they could well end up with funding for a plant, demo or otherwise.... I suspect that it is this chinese connection that prompted Intec to buy! If you have a look at when JRV announced about the Chinese developments, and when INL bought in, you will see what I mean
To me this report looks like it has been produced by people who have just about given up, and are basically waiting for the administrators to come in, that's the tone as I read it. Even with the latest cap raising they seem to only have enough cash left for another 6 months of operation... The revenue may improve for the second half though extending that a bit.... Note that apart from a brief look at some announcements about their nickel process they are trying to develop, this is the only look I have had at JRV so without the full historical info this is an Opinion based on limited information.
Intec's entry and the search for a Chinese could be what the company needs to save it from the vultures...
Tony.
and I agree with Kennas' work experience comment They need to take some lessons on not using passive language!!bits of report with comments, note these comments aren't supposed to be downramping in nature, hopefully someone from the company will read and take it on board!!!!
Bullabulling South, WA
A ground magnetic survey yielded anomalous magnetic targets totally covered in alluvium/sand.
Should this be caused by ultramafic rocks, there is potential for both nickel sulphides and gold at
depth. 16.5 kilometres of Induced Polarisation (IP) survey was planned for early February 2007.
This technique can identify sulphides at depth.
OK fine so it was planned for Early Feb, what happened?? if it hasn't been done when will it be?? This just makes it sound like they can't meet goals. How about some comparisons to other geological precedents?? Do they have any geological expertise????
Young, NSW
Testwork and modelling continues to attempt to finalise a flowsheet. This will be followed by
confirmatory tests here in Australia and preliminary engineering studies. At some stage, a major joint
venture partner will be sought.
continues to attempt??? how about we are working towards a positive outcome!! progress made so far is blah..... At some stage?? how about we anticipate that this will take xyz time, we are already shortlisting potentially interested parties, for discussions of a potential JV (obviously they need to be doing this to report it, but if they aren't then WHY NOT!!!).
Forest Reefs Joint Venture, NSW
Newcrest Operations Limited (80%) reported the results of a diamond drill hole drilled to 606.4 metres.
The hole has been kept open for possible deepening.
OK so what were the results??? it must have been left open for a reason, so put some positive spin on it!!
Nyngan, NSW
The metallurgy of this resource is difficult and the company will continue its efforts to find a low cost
process route for the production of scandium oxide.
another comment that just oozes lack of confidence...
Uranium Exploration Joint Venture, WA
New Age Limited earning 60%
Five (5) Exploration Licences were applied for with potential for uranium discoveries. These were
expected to be granted in January/February 2007.
again were expected, so what happened!! once again this gives a very negative connotation. Almost like they don't care anymore, they are in a state of depression, because nothing is coming to fruition.
China Agent
Our China agent, Double Link Pty Ltd is actively seeking a major partner for the Young project in
China.
This from the point of view of an INL holder is the MOST encouraging part of the report IMO, if that major partner sees the potential in the Intec process, then they could well end up with funding for a plant, demo or otherwise.... I suspect that it is this chinese connection that prompted Intec to buy! If you have a look at when JRV announced about the Chinese developments, and when INL bought in, you will see what I mean
To me this report looks like it has been produced by people who have just about given up, and are basically waiting for the administrators to come in, that's the tone as I read it. Even with the latest cap raising they seem to only have enough cash left for another 6 months of operation... The revenue may improve for the second half though extending that a bit.... Note that apart from a brief look at some announcements about their nickel process they are trying to develop, this is the only look I have had at JRV so without the full historical info this is an Opinion based on limited information.
Intec's entry and the search for a Chinese could be what the company needs to save it from the vultures...
Tony.
explod
explod
- Joined
- 4 March 2007
- Posts
- 7,341
- Reactions
- 1,197
The fundamentals of JRV, as indicated in previous threads, are indeed unclear. Actual flaws are not factually apparent either. We must appreciate that the administration of this concern spans a generation where in earlier years succinct teminology (e.g. such as "objective", "goal" or a "vision statement") did not exist.
From a technical perspective IMHO, to the close Friday night on the 12 month daily, I see the stock as a hold, and a close at .04 or above a buy with the next resistance at .045 (slight) and stronger towards .06. A break through the latter however could see a rise back to the old .20 area. If indeed Intec are onto something we may see the move towards .06 as the meeting on thursday aproaches. My view is thin and circumstancial but feeling this week is on the upside. I hold shares in JRV and this is my scant opinion. I would be interested in other views.
May wealth come to you all. Explod
From a technical perspective IMHO, to the close Friday night on the 12 month daily, I see the stock as a hold, and a close at .04 or above a buy with the next resistance at .045 (slight) and stronger towards .06. A break through the latter however could see a rise back to the old .20 area. If indeed Intec are onto something we may see the move towards .06 as the meeting on thursday aproaches. My view is thin and circumstancial but feeling this week is on the upside. I hold shares in JRV and this is my scant opinion. I would be interested in other views.
May wealth come to you all. Explod
- Joined
- 25 May 2006
- Posts
- 851
- Reactions
- 2
Got in at .029 this morn and think it is a good risk. I have made my thoughts clear regarding INL's 11% holding on it's thread. Irrespective of the outcome of the meeting, and taking in JRV's dismal report, they still have the infered resource, and they have come off alot since 4.1 cents last week. Can't see the downside risk IMO. Now, let's bring on this meeting!
DYOR
DYOR
explod
explod
- Joined
- 4 March 2007
- Posts
- 7,341
- Reactions
- 1,197
Gundini, on the 27th Feb. you indicated that JRV had an inferred resource of $60 billion worth of nickel, would you be inferring against the shares issued that we may one day expect $3 per share, could this be the money tree ???
from Explod
may wealth come to you all
from Explod
may wealth come to you all
