SDV - SciDev Limited

[Col Lector]

Been in INL for a while but also concerned after todays announcement....
At the crux of the issue is INL's "Base Case Scenario" most recently posted in the Feb7 announcement.
I, similarly, had been reading the table as INL's share of the JV revenue and profit.
It appears it is not!! ie, the table appears to be misleading.
Surely any confusion could be overcome by replacing...
"*50% JV interest @ 1.5M tpa" with
" The figures in this table refer to 100% JV revenue and profit at 1.5M tpa"....as it appears to be

Will be postponing stocking up on more shares until INL clarify this crucial point!

Just contacted Intec and received prompt clarification(s).....

"In reponse to your query, the table to which you referred indicated estimates for Intec's 50% share of the joint venture project".

Also>>"Under standard definitions, tonnage estimates are usually referred to on a dry basis."

Helpful....but I still have doubts the figures add up based on ist payment...

 

[imajica]

From Australian Equities Report
Thursday, 15 February 2007
Peter Taylor – Equities Sales, Trading & Account Management
Sonray Capital Markets Pty Ltd

Intec Update –
INL is on track to produce 65,000 tonnes of Zinc with its partner in operation this year.
The operation is very profitable with no digging for ore, rather it is all in tailings that are all contracted to Intec.
Grades are being reported as higher than expected.
Intec looks good as a long term investment as it grows to medium size producer.

 

[imajica]

Bass Metals launches Hellyer Mine Project

Zinc concentrate from Hellyer


Bass Metals Ltd has announced a major new exploration initiative targeting newly identified high-grade copper and zinc targets surrounding the Hellyer Mine in north-west Tasmania designed to rapidly build its resource inventory.

The program – to be called the Hellyer Mine Project (HMP) initiative – will see Bass Metals allocate significant resources to follow up on a number of exciting targets remaining from the former Hellyer mining operation (Western Metals/Aberfoyle).

Hellyer is a world-class scale deposit with a published pre-mining Mineral Resource of 16.9 million tonnes grading 13.8% zinc, 7.2% lead, 0.4% copper, 167g/t silver and 2.5g/t gold. It was mined between 1986 and 2000 as a major underground mine.

Bass Metals’ Managing Director, Mike Rosenstreich, said the HMP initiative represented a strategic exploration commitment designed to achieve a rapid build-up in the Company’s broader inventory of base metal and copper-gold resources in light of its forthcoming move into production at the nearby Que River Project.

Earlier last week, the company announced that, in association with its mining alliance partner, Mancala Mining Pty Ltd, it had commenced trial mining at Que River, another former high-grade base metals operation in the region. The alliance will initially excavate, crush and haul a bulk sample of approximately 2,500 tonnes grading 16.5% zinc, 7% lead and 2oz/tonne of silver 4km to the Hellyer Mill for a test processing trial.

Bass Metals has signed an Ore Sales Letter of Intent with the joint venture operating the Hellyer Mill; Intec Ltd (the company’s major shareholder) and Polymetals Group. Full-scale open pit mining at Que River is scheduled to commence as soon as possible subject to successful completion of the trial mining program and receipt of Tasmanian Government approvals expected in late February.

Mr Rosenstreich said the forthcoming establishment of a mining and production operation at Que River and the commencement of early cash flow would enable the Company to significantly step up its near-mine exploration efforts in the region.

“The HMP represents a substantial undertaking in terms of people and funding, which we have, to date, largely deferred in favour of the higher priority development of the more accessible Que River mining operation,” Mr Rosenstreich commented. “We have already identified several exciting new targets and potential resources within the HMP which could significantly boost the Company’s base metal resource inventory and ultimately its production profile.”

Targets identified to date in the immediate vicinity of the deposit and underground workings at Hellyer include the “Southern Feeder Zone” high-grade copper target, the “Central Feeder Zone” copper-lead-zinc-silver target and the “Southern Barite Lens” zinc-gold-barite target. In addition, there is significant remnant resource potential at Hellyer estimated at approximately 0.6-0.7 million tonnes at 8% zinc, 5% lead, 108g/t silver and 2g/t gold.

- 19 Feb 2007

 

[Dave31]

This Wednesday they are scheduled to receive their payment from the first shipment, also with the Chinese new year over and done with, there might be some new interests in INL

 

[drmb]

This Wednesday they are scheduled to receive their payment from the first shipment, also with the Chinese new year over and done with, there might be some new interests in INL

Were from here? UP we hope as it seems to be at the bottom of the trend line. Chart from www.getagraph.com

 

[Sean K]

Were from here? UP we hope as it seems to be at the bottom of the trend line. Chart from www.getagraph.com

What trend line is that drmb? What day MA? I do think that chartwise it's starting to come towards buy territory again for me, once the downward move is reversed. That may happen at 20 cents, or if it fails here, 16 looks likely. Keeping a close eye on this one again.

 

[wintermute]

I did a graph of INL last night, I reckon sometime before the end of the month we should see some positive action MACD looks to be crossing over (though I haven't checked it today), and we seem to have a triangle formation combined with lowering volume. Note this is only my second attempt at this sort of T/A

 

[PhoenixXx]

The MACD looks really tempting to top up SOME more

 

[drmb]

What trend line is that drmb? What day MA? I do think that chartwise it's starting to come towards buy territory again for me, once the downward move is reversed. That may happen at 20 cents, or if it fails here, 16 looks likely. Keeping a close eye on this one again.

Sorry for my amateur attempts! I think the downward movement has been within a narrow channel and now with today's close down 1 at 20c (modest vol 1.5 million) it seems to have kissed the 120 EMA. Seems to my naive eyes this now is at a critical point, if only by intuition. If it breaks down through this it will head for possible support at 16c, since the outstanding shares still held by IVN on are everyones minds. If it breaks up it could head to support at 24-25c. Just my hunch, just trying to justify to myself why I have held on instead of taking a profit, just reminding myself not to be impatient! Etc, etc. Don't listen to me, DYOR etc!!

 

[drmb]

Some titbits of good news
On ABC- 15/2/07 Hidden treasure in Tassie slag heaps by Babs McHugh http://www.abc.net.au/rural/tas/content/2006/s1848806.htm
One man's trash is another man's treasure has never been truer than in the mining game at the moment. One of the inevitable by products of mining are mullock dumps, also called slag heaps or slime heaps, depending on which part of Australia you live in. And even though they're considered waste by mining companies, they often have incredible amounts of minerals worth millions of dollars locked up in them.

That's where minerals processing company Intec comes in. Intec CEO Philip Wood said the company is reprocessing slag heaps on Tasmania's West Coast, removing an environmental hazard which is generally an eyesore, and picking up a tidy profit along the way.

"It's driven by two factors: one of course is the price of zinc and other metals; so that there is a progressively greater value that would otherwise be thrown away. The second factor is just the general environmental emphasis today."


Kitcometals links to 19/2/07 Minebox http://www.minebox.com/story.asp?articleId=9021 "Bass Metals launches Hellyer Mine Project:, "Zinc concentrate from Hellyer"

Bass Metals Ltd has announced a major new exploration initiative targeting newly identified high-grade copper and zinc targets surrounding the Hellyer Mine in north-west Tasmania designed to rapidly build its resource inventory.

The program – to be called the Hellyer Mine Project (HMP) initiative – will see Bass Metals allocate significant resources to follow up on a number of exciting targets remaining from the former Hellyer mining operation (Western Metals/Aberfoyle).

Hellyer is a world-class scale deposit with a published pre-mining Mineral Resource of 16.9 million tonnes grading 13.8% zinc, 7.2% lead, 0.4% copper, 167g/t silver and 2.5g/t gold. It was mined between 1986 and 2000 as a major underground mine.

Bass Metals’ Managing Director, Mike Rosenstreich, said the HMP initiative represented a strategic exploration commitment designed to achieve a rapid build-up in the Company’s broader inventory of base metal and copper-gold resources in light of its forthcoming move into production at the nearby Que River Project.
(Etc)

 

[rub92me]

Some titbits of good news

Young kids could be reading this forum. That should be breast-bits surely :

 

[drmb]

Young kids could be reading this forum. That should be breast-bits surely :

Titbit - Noun 1. small tasty bit of food, choice morsel, tidbit, dainty, goody, kickshaw, treat, delicacy - something considered choice to eat - the same as "breast-bit" I imagine. Look at this t-b (aka b-b) ..."new high-grade copper and zinc targets identified from historic drilling around the Hellyer deposit."... BSM is owned 18.4% by INL.
3.9m at 4.9% Cu & 40 g/t Ag
4.0m at 12.9% Cu & 70 g/t Ag
44.3m at 1.7% Cu, 5.4% Pb, 3.3% Zn and 101 g/t Ag (HL237)
39.2m at 1.8% Pb, 3.2% Zn & 23g/t Ag
5.0m at 3.5% Cu, 4.1%Pb 4.9% Zn & 280 g/t Ag
5.0m at 6.1% Cu, 1.5% Pb, 2.6% Zn & 56 g/t Ag
3.0m at 1.4% Cu, 4.3% Pb, 6.7% Zn & 100 g/t Ag
4.7m at 0.4% Cu, 6.3% Pb, 9.3% Zn, 420 g/t Ag & 5.4 g/t Au
6.2m at 1.1% Cu, 10.7% Pb, 24% Zn, 156 g/t Ag & 2 g/t Au

 

[KIWIKARLOS]

Negative sentiment looks to be turning, sell orders much lower. Ivanhoe not dampening SP any more hopfully it gets legs back up to mid-late 20's before announcements of more ships leaving, dollars in the bank and BSM going forward very well.

 

[Porper]

Negative sentiment looks to be turning, sell orders much lower. Ivanhoe not dampening SP any more hopfully it gets legs back up to mid-late 20's before announcements of more ships leaving, dollars in the bank and BSM going forward very well.

Negative sentiment seemed to be turning until a big dump went on for half a mill.

It just doesn't seem logical to me for a big seller to stop a potential breakout from occuring by dumping a load of shares all at once.

The better tactic surely is to let it run, get some interest back, then sell into strength.Just doesn't add up to me.

On a more positive not, maybe accumulation is going on and all the gossip about a couple of big sellers is not true.Maybe Ivanhoe aren't selling at the moment.

 

[wintermute]

Possibly some games being played... someone mostly buying but every time the price looks like creeping up sells just enough to dampen things and then starts buying again...

Another possibility is that it is close to 12 months since the first dramatic price rise, we may be seeing a sell off by people who have been holding since 4c and have been waiting for the CGT discount to kick in, if that is the case we may not see a let up until the middle of April... and there could be a BIG sell off in April itself, as their were much bigger volumes in April last year....

Tony.

 

[Sean K]

Another possibility is that it is close to 12 months since the first dramatic price rise, we may be seeing a sell off by people who have been holding since 4c and have been waiting for the CGT discount to kick in, if that is the case we may not see a let up until the middle of April... and there could be a BIG sell off in April itself, as their were much bigger volumes in April last year....

Tony.

Hi Tony, I remember you coming up with this theory on another stock a while ago (can't remember which) but I don't think it came to fruition. Might have even been INL. LOL

 

[wintermute]

I can't remember Kennas, it may have been INL, but I do remember that it didn't work the one time I made a bold prediction ... I did pick it for both IIN and NLS (NLS on multiple occasions, however NLS is in the dog house right now...), but April will be the test this time for INL, I think the last time there was just big volume, no big price rise as well, lets see what happens

Tony.

edit: it was INL it was actually my first ever post on them It was when I thought I could get some for 8.5c! before I did any research on them....

 

[wintermute]

in addition to the above post here is what I wrote over at sharecafe that Kennas is referring to

There was a fair volume traded back in June last year starting as low as 4c and ending up about 7c. It is now 12 months down the track and trading around 13c.... the magic thing about 12 months is the 50% CGT discount kicks in. There will be likely a whole pile of people rubbing their hands together and selling up at a big profit (and only having to pay tax on half of that profit), there won't be enough buyers for the demand of the sellers, and the price will start to go down, people will see it going down and want to get out no matter what thinking that they will loose their opportunity to cash in big time, they will reason hey I can still make a 50% profit, 40% 30% down to 20% which is my magic number. there will be a quick dip and then back up again and on with normal business.

Now there were some flaws in my original analysis, when I look at a two year chart for INL I'm wondering how I came to the conclusion their was a fair volume in June 2005!!! secondly, the price returned from 7c back down to 4c Before it climbed on up to 13c... a lot of the original 4c buyers may have bailed when it went back down to 4c....

If you look at what happened in Feb last year there was a massive sell off and a drop to 4c... I think (from memory) that happened as a result of further delays in reaching steady state of the demo plant. So there was a substantial number of shares purchased at around 4-5c each about 12 months ago!! If you look at where the biggest route occurred for INL after the recent rise, it was coincidentally at the beginning of Feb this year, or 12 months to the day that there was large volume at a significantly cheaper price... is there a connection?? I'd say yes! Next volume spike is towards the end of March (though there was also one close to the end of Feb which could be right now). and the really big one was at the beginning of April when the Polymetals JV was announced...

Now one thing that I didn't say in that quote above was that it doesn't necessarily have to be a large number of people that held for the 12 months, just enough to start a downward price movment that is enough to stop out other traders, potentially causing a domino effect. but I think that possibly my theory holds water

Tony.

 

[drmb]

Possibly some games being played... someone mostly buying but every time the price looks like creeping up sells just enough to dampen things and then starts buying again...

Another possibility is that it is close to 12 months since the first dramatic price rise, we may be seeing a sell off by people who have been holding since 4c and have been waiting for the CGT discount to kick in, if that is the case we may not see a let up until the middle of April... and there could be a BIG sell off in April itself, as their were much bigger volumes in April last year....

Tony.

You guys (or dolls!) are so much more experienced than me with this stuff, as I have come late on the scene trying to look after an SMSF. I'm not sure why INL occupies a lot of my time, just that I thought when I researched it it was as exciting as PDN, or BMN, with as much upside. It's only about 5% of our SMSF so what do I care? but still it seems a puzzle. I would like to put forward a conspiracy theory where all else fails. Can somebody be manipulating INL as a possible takeover? Hoping that if it flatlines for a month to the despair of the mums'n'dads like moi, who will sell out, then it can get in with a swifty of, say, plus 30% (ie 26c) when really all my research shows it should be a 40c stock if you take into account Zn production AND the technology licensing? To reach this decision all I did was check the IVN website and see that it is going to use the Intec technology in Mongolia, and have a look at all the JVs around! Anyway all it takes is a decent red and mewing sounds of lost traders to set me off! I will keep holding only because I am ???? (insert your choice of hopelessly optimistic, lazy, stupid, crazy, drunk, all of the above)

 

[wintermute]

hehehe drmb I've read some stuff before about cappers, and thought it was peoples imagination, until I saw it myself, can't remember the stock but everyday someone would put a sell bid for 500,000 shares at about 3c above the current buy price.. it would sit there all day the price wouldn't move up. They pulled it every evening, and put it in again after market open... one day the sell bid didn't appear, that very same day the sp went up about 6c on much higher volume!

I've also realised that there was something about my theory above that was wrong the first time I applied it to INL.... I Think looking back, that it only works when there has been a large volume sell off 12 months earlier (not when there has just been large volume, and sideways or upward movement), and the sp is currently trading at a value quite a bit higher than it was at the time of the sell off.... still works for Feb for INL but may be irrelevant for April... Thinking about it, it is the bargain hunters who move in and buy during a sell off... those same bargain hunters will probably sell when the sp rises to a certain level (so they have cash for the next bargain) and being bargain hunters, will no doubt want to take advantage of the CGT 50% discount....

hehehe that's my theory and I'm sticking to it

Tony.