Australian (ASX) Stock Market Forum

JRV - Jervois Global

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champ2003 said:
Put it this way guys,

If INL dumps this stock and it drops that will create a great buying opportunity for the next run up over speculation about a possible chinese JV.

:D
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With nickel prices being so high, JRV's nickel project is clearly receiving greater attention. INL may well be taking some profits off the table having got in at a very low price, but one also has to realise that there is ongoing speculation about a Chinese JV. It will be interesting to see what happens from here. I don't hold any JRV, but am watching it from the sidelines.
DYOR
 
champ2003 said:
I think that's pure co- incidence . INL became a substantial holder on the 23rd/2. i think that holds more weight than the Jaguar theory just IMO.

Cheers!

Champ
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INL made a move on JRV the day Jaguar announced it's move to merchant banking to fund undervalued companies.
INL quote Jaguar on it's web page and in it's PDFs.
INL appear to use Jaguar as a bit of a technological & producer yard stick.
INL probably see Jaguar as an international competitor or else they want to be like Jaguar only they lack some $100-200M earning P/A and JRV just might get those $ for them if only they would play ball.
INL jumps in on 23rd Feb with a half hearted takeover in order try and stop JRV from getting away just as things were hotting up with overseas finance and the Chinese, yelling choose us, choose us ..... then dump a threatening bundle of stock when it looks like JRV are playing hard to get.

Just a coincidence?!

Plus why small-dump a stock before the meeting, unless you think there is not going to be any agreement? An agreement would have sent the share price higher.

What kind of 'insider trading' is that?

The problem now is if they are going to dump anymore and when.

?!


MHO - Please D Y O R
 
Atomic5 said:
INL made a move on JRV the day Jaguar announced it's move to merchant banking to fund undervalued companies.
INL quote Jaguar on it's web page and in it's PDFs.
INL appear to use Jaguar as a bit of a technological & producer yard stick.
INL probably see Jaguar as an international competitor or else they want to be like Jaguar only they lack some $100-200M earning P/A and JRV just might get those $ for them if only they would play ball.
INL jumps in on 23rd Feb with a half hearted takeover in order try and stop JRV from getting away just as things were hotting up with overseas finance and the Chinese, yelling choose us, choose us ..... then dump a threatening bundle of stock when it looks like JRV are playing hard to get.

Just a coincidence?!

Plus why small-dump a stock before the meeting, unless you think there is not going to be any agreement? An agreement would have sent the share price higher.

What kind of 'insider trading' is that?

The problem now is if they are going to dump anymore and when.

?!


MHO - Please D Y O R
Click to expand...

Hi Atomic,

That's a very interesting analysis and yes i wonder what possible consequences if any INL will face if it is insider trading on their behalf?

Champ
 
Brissydave said:
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
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Doesn't the JRV website say this about the use of Sulphuric Acid in past tests???

http://www.jervoismining.com.au/index.cfm?siteaction=tenement&tenementid=1

"The poor results achieved on the limonites were really the worst feature. The process was just too selective for the Young resource."

Dave where did you get the Sulphuric Acid info???

"The INLP (Intec Nickel Laterite Process) uses the chloride medium, which is relatively novel". - INL website. http://www.intec.com.au/?/Technology/Nickel_Laterite

Alternatively with Chloride and past tests- JRV website:

"The chemistry is believed to be sound but laterites in general tend to be very different and the company needs these processes to be tailored to suit the Young laterite resource".

:(
 
You also have to take JRVs previous ambitions into consideration.

Pursell's mouth is moving but no-one seems to be listening. He has yet to say anything positive about INL, unlike his praise for the Chinese MOU.

Chinese interested in Young project
Thursday, 8 February 2007
Mining News

IN A move the company describes as a "huge step", Jervois Mining has signed a memorandum of understanding with Chinese company Guandong Guang Ye Assets Management, which could see the two firms establish a joint venture at the Melbourne-based junior's nickel-cobalt laterite project in Young in New South Wales.

The memorandum gives Guang Ye a six-month mandate to examine the project before deciding to enter the JV.

Jervois said Guang Ye "believes that the development of the Young project would fit well with is nickel processing operations".

The Guandong Provincial Government wholly owns the Chinese company, which will analyse the resource and the proposed laterite ore treatment as well as the project economics during the next six months, with Guang Ye representatives visiting the project either in March or April.

Jervois managing director Duncan Pursell told MiningNews.Net that the deal is highly significant for the explorer.

"The Young resource is enormous," he said. "If the Chinese come in and fund it, it will be a huge step for us. The company [Guang Ye] has the funds to do it, there's no shortage of money there."

The memorandum also established that Jervois will provide Guang Ye with a business plan covering projected capital expenditure, operating expenses, and the project's technical data.

Additionally, Jervois has given a commitment that it will not deal with any other Chinese entity while Guang Ye is considering its decision.

The Young project has an indicated and inferred resource totalling 167 million tonnes at 0.72% nickel and 0.07% cobalt. Jervois holds other tenements in NSW and Western Australia, including area prospective for copper, nickel and gold as well as nickel and cobalt.

The market responded positively to the announcement, boosting shares in Jervois by 23% from 1.3c to 1.6c in morning trading.
 
champ2003 said:
Note that he sold on the 8th/03 ....6 days ago. Maybe he just needs the cash at the moment?
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Hi Champ2003,

I just see Directors selling shares as a short term negative. However, given the strong nickel price JRV's nickel project has strong potential.
DYOR
 
There was a 10million share buyer at .032c on Thursday late in the session. Perhaps we'll find out what happened there if Duncan Pursell posts a Top 20 list this week.

Proving to be quite resilient in the face of recent market fluctuations. :)
 
Atomic5 said:
There was a 10million share buyer at .032c on Thursday late in the session. Perhaps we'll find out what happened there if Duncan Pursell posts a Top 20 list this week.

Proving to be quite resilient in the face of recent market fluctuations. :)
Click to expand...
The key story here at present is speculation surrounding its potentially valuable nickel project. JRV has really held up of late when compared to most other specs.
DYOR
 
Here is the ann. Good luck to the holders...

The Board of Jervois Mining Limited (ASX: JRV, “Jervois”) recently advised the market that Intec
Ltd (Intec) had requested a meeting with the Board of Jervois (ASX announcement 9 March 2007).
The Board has now met with Intec and has subsequently considered proposals that were
presented at that meeting.
After deliberation, the Board has formed the view that the proposals are not in the best interests of
Jervois shareholders and do not accurately reflect the real value of the Company’s assets and its
potential going forward as a Nickel and Cobalt producer.
Jervois owns the Young Nickel/Cobalt Project in Central NSW, which contains 1.6 million tonnes of
nickel metal and 168,000 tonnes of cobalt metal. The company aims to produce 60,000 tonnes per
annum of nickel and 6,000 tonnes per annum of cobalt in concentrate. The Company has funded
its own research into the hydrometallurgical processing of the metals found at its Young deposit
which has yielded excellent recoveries in both nickel and cobalt.
The Board has advised Intec of its position and Intec has confirmed that the merger proposals are
at a end.
Yours faithfully,
DUNCAN C. PURSELL
MANAGING DIRECTOR
For further information contact:
Duncan Pursell
Managing Director
Jervois Mining Ltd
(03) 9670 3766
Lou Caruana
Media Consultant
Farrington National
Mob: 0413 486 155
or visit the website - www.jervoismining.com.au
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Dump and Panic
INL have a lot to sell.
This may close at .025 or worse. INL should have just stayed out of it.
JRV were clear on what they thought about INLs process:
I can't believe people were buying this at .034c at open.

http://www.jervoismining.com.au/uploaditems/reports/Dr Bryn Harris ALTA paper April 2006.pdf

Published May 2005

Recently, Intec Limited described what also appears to be a somewhat complex new
chloride-based process wherein the limonite fraction of a laterite is leached by hydrochloric acid
in a solution of calcium and sodium chlorides [14]. The process can be operated in either one or
two stages, the first stage being at 100-110 °C and the second, or if it is just a single-stage
process, at 150-220 °C in an autoclave. In this process, both dissolved iron and magnesium are
precipitated via the use of lime, iron as hematite and magnesium as MgO. The process also
requires the substantial addition of sulphuric acid to regenerate the hydrochloric acid from the
resulting calcium chloride solution, with the sulphate balance being controlled by the further
addition of lime. The use of an autoclave and the large requirement for sulphuric acid seem to
mitigate against the use of this process, and unless a saleable form of calcium sulphate can be
produced [15,16,17], there will also be a considerable residue fall.
 
Oh well - someone made a lot of money... Hope no-one got burnt too badly - Pursell and his merry band at JRV ("Jolly Roger Ventures"...)...leave me unmoved - back to the same holding pattern of the last few years methinks... Hope springs eternal...
 
Sodapop said:
Oh well - someone made a lot of money... Hope no-one got burnt too badly - Pursell and his merry band at JRV ("Jolly Roger Ventures"...)...leave me unmoved - back to the same holding pattern of the last few years methinks... Hope springs eternal...
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May-be, however, nickel has gone from about $7.50lb.US to $22.00 in the last 12 months and an important nickel mine has just flooded overseas. It is now apparrent that JRV own a wonderfull mountain of the stuff right here in sovereign risk free Australia. For the investor, no problems but I am chuffed to say I reduced my holding considerably last week and made a nice purchase today, perhaps at a tenthofacent too much, but I am comfortable. Oh and I nearly forgot, the development in China and India is now so out of control that the need for our resources will see out my lifetime. Problem is,. not too pretty for the Grandchildren, but that's another story
 
Question?
does the fact the director sold a reasonable package last week above $0.03 count as insider trading as he would have been aware they were going to knock back the INL offer/deal.
 
Explod

The problem is that INTEC own some 190million shares which they began accumulating I think around .006. It appeared that a huge chunk was sold just after the announcement today, though as yet we dont know who that was.

Unless INTEC have decided to remain Major Shareholders, there is the very real problem of them selling their shares, which may have only just begun.

Last I looked there were only 60-70 million shares on the BUY side for JRV. Theoretically INTEC could do some real damage.
 
Techbuy said:
Question?
does the fact the director sold a reasonable package last week above $0.03 count as insider trading as he would have been aware they were going to knock back the INL offer/deal.
Click to expand...


Probably does Techbuy .........but how to prove it?

I have another question is it possible INL could have purchased more JRV shares at a discount during this afternoons slaughter?

MB
 
Techbuy said:
Question?
does the fact the director sold a reasonable package last week above $0.03 count as insider trading as he would have been aware they were going to knock back the INL offer/deal.
Click to expand...

Both INL and the Director sold. Of course it is Insider Trading. But who are you going to tell? The ASX? It's their job to have noticed.
 

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