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JRV - Jervois Global

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I finally found an entry point I like (it fits my still developing trading plan), and some "spare" cash to get in (I can survive until I get paid). I like what's transpired with the correction going on and I like the chatter about INL's involvement.

m.
 
Discussions Between Intec Ltd and Jervois Mining Ltd
Directors of Intec Ltd (ASX code: INL) and Jervois Mining Ltd (ASX code: JRV) met today as
previously announced, to discuss potential interaction between the two companies.
Various proposals were tabled during these discussions and there can be no assurance that any
agreement will be reached, but the companies have agreed that a response will be forthcoming
within two weeks, at which time the market will be further updated.
A Notice of change of interests of substantial holder (Form 604) is attached.
 
Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!
 
crazyjimsmith said:
Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!
Click to expand...

I would think this statement is a tad premature.

In any case, I am happy to hold both stock.

Have you considered profit takers have locked in gains, after purchases from 2.9 cents and lower? Reason being, they don't want to risk another 2 weeks wait, and can always get back in later at maybe a cheaper price!
 
crazyjimsmith said:
Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!
Click to expand...

Looks to me they are only grabbing some spare cash as they only sold 5,987,000 out of the 197,407.783 they own. It's no big deal.
We won't know what they plan for two weeks so I am holding!
 
crazyjimsmith said:
Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!
Click to expand...

Can't see why JRV holders are bailing out. Day traders more than likely as they wont have the patience to wait the 2 weeks JRV and INL have agreed to review proposals that are on the table. Bearing the studious nature of the University boys running INL two weeks is quick in my view.

INL reduced their holding from 11.78 to 11.31% Not that major. They probably sold that amount to cover their legal costs or something. I do not hold JRV.
 

And if there is no deal?
 
crazyjimsmith said:
And if there is no deal?
Click to expand...

We might lose a few bucks but it's not dead yet they are still checking over the cards that have been laid on the table and it could just as easily be a deal where we all profit.

I prefer not to be so negative about it.
 
I don't think anything will come of it.

Obviously INL won't be doing an aggresive takeover bid either otherwise they wouldn't waste their time with a meeting.

Both are good stocks though.
 
crazyjimsmith said:
And if there is no deal?
Click to expand...

Why worry about a deal when they have $US60 billion of inground resource??? Surely that is where the value lies...
 
crazyjimsmith said:
And if there is no deal?
Click to expand...

To not agree on something would not be sound business practice however it is possible that JRV could say no, however if they were to decline any proposal by INL then they would have to have an alternative in mind which they would unveil when they announce a no deal with INL. After all they are in business to do business.

If there wasnt an agreement in principal INL wouldnt have put the cash on the table in my view as INL are a conservative bunch. They just need to agree to terms. I have no information to confirm these opinions of mine so shoot me down with some logic of your own if you like.
 
crazyjimsmith said:
And if there is no deal?
Click to expand...

Well INL will pocket a tidy 100% profit on their trade, around $3 Mil, and that's if they decide to sell... JRV has it's infered resourse and goes about their business figuring how to get it out and sold. Not much SP risk there I would think. There hasn't been much speculative premium built into either SP, therefore not a lot to lose IMO.

DYOR
 

Ummm....down to 3.2c! Yeah agree about the inground value but it could take an awfully long time! Good luck!
 
INL is where the value is! they are cash flow positive and looking to expand production. JRV is a risky bet IMO
 
crazyjimsmith said:
Ummm....down to 3.2c! Yeah agree about the inground value but it could take an awfully long time! Good luck!
Click to expand...

Well I can count the round numbers, and I assume INL has parted with their 6 Million shares now, starting 1.32pm. Average on market price 3.3. Tidy profit for them and they still hold 11 % of JRV. Happy to hold.
 
Gundini said:
Well I can count the round numbers, and I assume INL has parted with their 6 Million shares now, starting 1.32pm. Average on market price 3.3. Tidy profit for them and they still hold 11 % of JRV. Happy to hold.
Click to expand...

Actually I realize now INL's parcel went through on the 8th yesterday. Maybe they just offloaded more? They were round numbers.
 
I think INL need a Nickel Laterite JV with someone, to set up a commercial plant to demonstrate the succsesful processing of the Nickel Laterite, using the INL technique.

I suggest you read here ... http://www.intec.com.au/?/Technology/Nickel_Laterite ...

For the chemist amongst us or the really technically minded here is very detailed descrition of the chemistry of the process ... http://www.intec.com.au/docs/asx/Nickel Process/Intec Nickel Laterite Process Description.pdf ...

I just love that one ... the main point I see is the use of Sulphiric Acid has so many advantages over the traditional and expensive Hydrochloric Acid method ..

So OK a commercial scale demonstration plant, is needed by INL to bring in the customers to INL, and a cost effective method of processing it's ore is what JRV needs ... we have had a meeting ... nobody announced a takeover, or that the door had been slammed in INL's face, so let's exchange fax's ... etc.

IMO a deal will probably happen, with INL holding a seat on the JRV board to oversee that the building and running of the plant is in INL's interest ... JRV and INL will make money from this deal, and INL will be the big winner proving a technology that will have applications on the global scale .... Nickel Laterite deposits are sitting everywhere, waiting for a cost effective technology.

Cheers ... Dave
 
JRV have also been looking to Canadian research to solve the non-viability of using HCL Acid. JRV consistently claim that the HCL needs to be recycled in order for HCL to be viable. Perhaps they differ with INL on acids to use?

In any case, I can't see INL taking JRV over without the proven technology (patents) otherwise anyone with $ could have taken over JRV by now.

I have always had the feeling that JRV do not want INL to call the shots and want to stick to their original plan with the Chinese.

Re: shareprice- I think a great deal of the current share price has to do with INL and that they could tank this.

Just MHO - Please DYOR
 
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