SDV - SciDev Limited

[Sean K]

There are some signs here that INL may be turning. Stochastics are on the way up just going through 50 which some say is a good entry point on momentum trading...Also the MACD has started to flatten and diverge which is good.

Resistance has been established at $0.25 and at this point is also the current downtrend resistance line. If it breaks up though this it may be heading back up again.....

Not sure why support was found at $0.23. Perhaps that theory about the gap up acting as support has been validated. Interesting...

That feasibility study can't be too far away.

(not holding - waiting for turn around)

 

[Moneybags]

Thankyou Kennas for the chart and analysis........especially helpful for a novice like myself.

Nice Blog by the way.

MB

 

[ALFguy]

Can we have a new chart Kennas? Showing it peeking above 25.5c

Tomorrow should be interesting and may confirm if this is indeed a reversal.

 

[Sean K]

Looks like it might be a reversal to me. Needs to be confirmed tomorrow. It's only just through this trend line....could come off tomorrow and keep consolidating.......

Hammer candle reversal: (it's close to this, but not as good as it could be)

In a downtrend or within a pullback of an uptrend, a sharp intraday sell-off is followed by a reversal which causes the stock to close near its opening price near the day’s high. This hints at the possibility of a reversal. Bulls most likely were shaken out by the intraday weakness, and shorts start getting a little worried with the bounce. The pattern is a slightly more reliable if the real body is white, but a strong following day on solid volume is still needed to confirm the pattern.

 

[imajica]

Looks like Ivanhoe are still selling their stake (momentum was killed yesterday with a million dump at 25) - cant last forever - quality eventually shines through

 

[Georgeb]

INL has good technology. The first shipment is due last week in Jan or first week of Feb. After speaking to my broker and doing some research I like the story and technology.

 

[Sean K]

INL has good technology. The first shipment is due last week in Jan or first week of Feb. After speaking to my broker and doing some research I like the story and technology.

George, I've been following INL for some time and I too like the potential of the technology, but it's not yet been truly proven to be feasable. The results of the FS with the assistance of WOR are due this month.

Chart hasn't gone the way as hoped above. The immature reversal was not proven.

I am still a great supporter of this stock because of the income and potential in the BDP, but BMO need to keep extending their resource and they need some more offtake agreements to keep the momentum going.

Just out of curiosity, you mention your broker quite a bit. Who is that?

 

[Georgeb]

Kennas, Tolhurst Noall.

 

[dragonball]

at last ......the shipment is scheduled
Intec Ltd (ASX code: INL) is pleased to announce that the first shipment of bulk zinc concentrate
from the Hellyer Zinc Concentrate Project (‘HZCP’) has been confirmed for Saturday 27 January
aboard the “M.V. Mount Rainier”. Payment for 90% of the contained zinc value to the
Intec/Polymetals Joint Venture will follow 10 days after the vessel’s departure from Burnie port..

 

[kransky]

5000t * 0.38 = 1.9t Zn @ what price? 3500$/t? gives about $6.6M

 

[wintermute]

not quite that simple I suspect.... as they are only shipping concentrate that requires smelting, you won't be able to use the current zinc price to determine what they are going to get for it... unless they are paying to have it smelted, and then selling the zinc lead and silver separately, which I must admit I haven't checked up on...

Tony.

 

[Moneybags]

Well nice to hear that finally the ship is leaving and this time we have it from the horses mouth.

As a sideline (wintermute - Tony) what the hec is your avatar - got me baffled.

MB

 

[imajica]

its a mandelbrot fractal if Im not mistaken - each representation is a replica of each larger picture

based on fractal geometry I think

 

[wintermute]

That is correct Imagica I wrote a mandelbrot program many years ago at uni, and my avatar is part of one of the images it generated. I think it is interesting that when it is downsised to avatar size it almost looks like a face (which I didn't notice at first). need to use a bit of imagination but I see it

I started to put some other stuff about fractals here but I'll put it in the general forum so as not to get off topic I'll titles it Mandelbrot set for Moneybags

Tony.

 

[Gundini]

at last ......the shipment is scheduled
Intec Ltd (ASX code: INL) is pleased to announce that the first shipment of bulk zinc concentrate
from the Hellyer Zinc Concentrate Project (‘HZCP’) has been confirmed for Saturday 27 January
aboard the “M.V. Mount Rainier”. Payment for 90% of the contained zinc value to the
Intec/Polymetals Joint Venture will follow 10 days after the vessel’s departure from Burnie port..

I wonder how the market will react to the grade of the zinc tailings being lower than previously expected?

The output rate of the mill was reduced to maintain a saleable grade of bulk zinc concentrate, hence the delay in the first shipment. I would think this would counteract any positives in th SP movement IMO.

Although they do say the grades should gradually improve over time.

I don't hold this one yet, was waiting for 20 cents, but that seems unlikly now, although I do believe a market correction is eminent.

 

[imajica]

I hardly see a slight delay and marginally lower grades a problem - higher grades are found deeper in the tailings - momentum will gather - production will be ramped up in good time - there is no problem here! Itchy trigger finger paranoid day traders might see this as an exit signal but rational investors will stick with INL.

 

[KIWIKARLOS]

Did anyone read BSM announcement yesterday. Apparently they are starting a trial in 2 weeks where they will dig up ore at Que River crush it then send it to Intec at Hellyer to blend with their ore.

Full analysis will be complete by late Feb.

 

[Morgan]

not quite that simple I suspect.... as they are only shipping concentrate that requires smelting, you won't be able to use the current zinc price to determine what they are going to get for it... unless they are paying to have it smelted, and then selling the zinc lead and silver separately, which I must admit I haven't checked up on...

Tony.

Yes, don't get confused trying to use the price for zinc ingots.
This is zinc concentrate ore we are considering here- still needs to be smelted by the eventual receiver.
At a rough estimated price around A$930/wet tonne for Zn concentrate of this type (the price for different parcels from different producers will vary according to the water percentage and the Zn percentage- plus the fact that this concentrate also contains Pb and Ag as mentioned in yesterday's release), my ballpark guess at a price for the first 5000 mt shipment would be around $4.6 million

 

[wintermute]

Thanks Morgan Bring on the BFS I say once they have a commercial sized plant using the Intec process, they WILL be selling zinc ingots (well at least pure zinc that just has to be melted into an ingot anyway) Of course the BFS does have to conclude that the commercial plant is feasible......

Tony.

 

[imajica]

with EAF dusts accumulating around the world , posing an horrendous environmental problem - the construction of a commercial sized plant is definitely going to happen - in fact we will probably see a plant which is much larger than previously devised to cope with the extra feedstock. it is projected that the plant would cost between 30-50 million to build - INL will be able to easily fund this through the current JV with polymetals - and maybe a small amount of debt - once the plant is built - INL's share price will absolutely rocket