SDV - SciDev Limited

[CanOz]

Doesn't look like pre open to me...

Ann in regard to JRV notice.

INL turning into an interesting company with major holdings in BSM and now JRV. Wonder where this is leading....

Certainly making for an interesting day trade for JRV, not that i'm in it.

 

[imajica]

Mining News Article:

Intec snares stake in Jervois

Monday, 26 February 2007
Paul Garvey

NEW base metals miner Intec has pounced on a major stake in penny stock Jervois Mining, with Intec citing Jervois' nickel laterite resources as a key attraction.

Intec is currently reaping cash flow from the processing of old tailings from the Hellyer base metals mine in Tasmania using a specially designed treatment technology.

The company this morning announced it has used some of that cash to pick up 14.56% of Jervois' issued capital through a series of on-market transactions.

Intec said it had paid an average of around 1.16c per share for the stake.

With shares in Jervois moving up 0.8c to 2.9c in morning trade today, Intec has already seen the value of its investment doubled. On the back of this morning's gain, Jervois has a market capitalisation of $47.9 million.

"Intec considers that its own existing demonstration plant, strong future cashflows and proven technology and project development capabilities could accelerate development of Jervois' Young and Nyngan nickel laterite resources," Intec managing director Philip Wood said.

The Young deposit alone has an indicated and inferred resource of 167 million tonnes grading 0.72% nickel and 0.07% cobalt. Both Young and Nyngan are in New South Wales.

Wood said Intec was looking forward to productive discussions with Jervois' board "in order to progress mutually beneficial outcomes for the two companies and their shareholders".

Earlier this month, Jervois signed a memorandum of understanding with China's Guandong Guang Ye Assets Management over a potential joint venture over the Young project.

Intec's shares are up this morning.

 

[wintermute]

you back in yet Kennas?? I put the base of my decending triangle at 20c figured today was make or break (for the short term) looks like it was make, assuming we aren't seeing a false break

Tony.

 

[Sean K]

you back in yet Kennas?? I put the base of my decending triangle at 20c figured today was make or break (for the short term) looks like it was make, assuming we aren't seeing a false break

Tony.

Yep. Picked up a few. If the break is confirmed will probably buy a few more. Not sure if today's action is sustainable. Might be just reaction to JRV play and peter off. I'm cautiously optomistic that it might have turned, but as I said earlier, needs to clearly break 23 cents IMO for downtrend to perhaps be broken. The indicators are telling me it has but I'm not yet convinced.

 

[Porper]

Yep. Picked up a few. If the break is confirmed will probably buy a few more. Not sure if today's action is sustainable. Might be just reaction to JRV play and peter off. I'm cautiously optomistic that it might have turned, but as I said earlier, needs to clearly break 23 cents IMO for downtrend to perhaps be broken. The indicators are telling me it has but I'm not yet convinced.

INL need a close on the days highs to have a chance of moving up in the short term.

Much improved volume with a close near the days lows is a big negative for me.At the moment it is getting dumped again.A strong close and we have a case for a strong run.

I may be even tempted to buy more if we can get a close of 0.23 or higher.

 

[skint]

INL need a close on the days highs to have a chance of moving up in the short term.

Much improved volume with a close near the days lows is a big negative for me.At the moment it is getting dumped again.A strong close and we have a case for a strong run.

I may be even tempted to buy more if we can get a close of 0.23 or higher.

I wonder if Ivanhoe is doing the dumping. A little while ago they still had 39m shares to sell.

 

[Rafa]

I wonder if Ivanhoe is doing the dumping. A little while ago they still had 39m shares to sell.

According to Wizz, Ivanhoe haven't sold a single share this year...
But their announcement about this sell off certainly has capped the price very nicely for someone!

 

[wintermute]

Well I think this looks pretty positive

We have a break of the downtrend, increased volume, positive MACD, DMI cross, and RSI reversal and break above 50!

Also the break below 20 could be considered the false break of the descending triangle, and this one the true break... Well that's my fantacy and I'm sticking to it

Tony.

 

[jtb]

Well I think this looks pretty positive

Smick chart too mate

 

[TheAbyss]

At least INL has some good news. Record breaking no less. Pity they chose today to announce as it will probably get lost in the gloom.

Record Production at Hellyer
Trial commenced at Que River
Trial in Sydney under way

The good story continues

 

[bigt]

Great ann out by INL, the hellyer mill is powering, and gives positive assurance to investors of the continuing positive cashflow going forward. A real long term winner this.

 

[Sean K]

Yeah good ann. They need to give JRV a lesson or two on marketing/PR. Perhaps when they have 50% they will do it themselves.

 

[imajica]

very encouraging announcement - just had a bit of a run - looks like the usual selling pressure will drag it down once again - I hope I'm wrong

 

[imajica]

Intec website has been updated with a detailed description of their process for extracting nickel - a crucial necessity if they want to extract the billions of dollars worth of nickel that Jervois mining has in the ground - their process looks far more favourable to traditional heap leaching techniques - very encouraging indeed for all INL holders


The Intec Nickel Laterite Process (INLP) has been developed as a halide-based alternative for the recovery of nickel and associated by-products from lateritic deposits. The development of such deposits is generally by way of pressure acid leach (PAL) or high pressure acid leaching (HPAL).

Both pyrometallurgical and hydrometallurgical processes are applied commercially to the recovery of nickel and cobalt from lateritic ores. Pyrometallurgical techniques tend to utilise saprolite, with a process typically involving drying, calcining/reduction and electric furnace smelting. Pyrometallurgy usually produces a ferro-nickel (Fe-Ni metal) or nickel sulfide matte, which are further processed/refined to recover pure metal. The disadvantages of these processes include the requirement for higher-grade ores, substantial energy requirements and poor cobalt recoveries.

Hydrometallurgical processes are more applicable to the limonitic laterites. Although the saprolitic laterites are often richer in nickel (up to 3%) than the limonitic layer, the high magnesium content results in higher acid consumption. The primary hydrometallurgical processes applied commercially are:

the Caron process, an energy-intensive pyro/hydro combination with lower overall Ni and Co recoveries, which was first applied in Cuba the 1950s and is no longer considered viable for greenfield projects;
high-pressure acid leaching (HPAL), which offers higher overall Ni & Co recoveries, >90%. This has been the technology common to all new hydrometallurgical nickel projects over the last 15 years, such as the three Australian projects at Cawse, Murrin Murrin and Bulong; and
atmospheric-pressure acid leaching processes including the Jaguar Nickel Inc (JNI) process.
The INLP uses the chloride medium, which is relatively novel when compared with the conventional sulphate medium for PAL and HPAL. The main advantage of the chloride medium is the ability to operate a leach at atmospheric pressure. This approach is the essence of the Atmospheric Acid Leach (AAL) (Jaguar Nickel), which relies on pyrohydrolysis to recover HCl for leaching and MgO for liquor purification.


www.intec.com.au/docs/asx/Nickel Process/Intec Nickel Laterite Process Description.pdf

 

[TheAbyss]

Miningnews.net has reiterated the positves for INL again today. Basically the news from last week re the trial at Queue, ongoing Trial Sydney and record producition. It seems that most agree that INL are a winner so be patient

 

[nizar]

Tend to agree with constable and Chops.
Fundamentals and growth potential DOES NOT make you money.

If you are taking a long position which i suspect you are by your constant ramps, then you can only make money from share price appreciation.

The share price is going down - so why are u still holding this one?

Trade the price action.

 

[imajica]

I always hold stocks long term - I don't trade short term price movements

P.S. I am not ramping - merely stating facts regarding the company - I don't invest in hot air and empty promises

 

[Techbuy]

INL and JRV are having a meeting around the 8th March about ?????
It could be a take over offer or rejection of INL.
How do you think this will change the SP?

 

[resourceboom]

Tend to agree with constable and Chops.
Fundamentals and growth potential DOES NOT make you money.

If you are taking a long position..., then you can only make money from share price appreciation.

Fundamentals and growth potential results and many other factors, such as the current share price (is it a bargain?) result in share price appreciation.

Warren Buffet is the worlds richest investor, and value investing on fundamentals is the key, not trends or charting.

However if charting is working for you thats great, each to their own, we can all make profits using different methods, astrology even

 

[Gundini]

INL and JRV are having a meeting around the 8th March about ?????
It could be a take over offer or rejection of INL.
How do you think this will change the SP?

You would have to think it a positive prospect. INL already holding 10% JRV stock at an average of 1.6 cents I think, so they have doubled their money either way. The speculative premium was built into JRV last week at 4.1, so they shouldn't get hurt at current prices of .3... I doubt there would be a takeover, a win/win deal more likely IMO. Figure if INL and JRV do a deal with the Nickel, and it's procesing, both stock should increase in value. If the deal is canned, there shouldn't be any downside, as no current premium is built into either price as they stand.

I hold INL, and will be buying some JRV tomorrow. All's good IMO, not much risk!

DYOR