SDV - SciDev Limited

[wintermute]

I normally use charts (in addition to my FA), since the 28th Feb I think any charts went out the window until the market settles down. INL was starting to look like it had broken out of it's downtrend, then along came some bad? news from China about a little slip on ONE of their stock exchanges, the world hits the panic button, LOTS of stocks get hit pretty hard... INL is most certainly not alone in this regard... Add to that that zinc fell something around 5% on Friday, and it's hardly surprising we've seen a re-visit of 18.5c... If I had more cash I'd consider buying some sure it might go a bit lower, but I hardly think we are going to see a return to 11c. usually when INL hits 18.5 it is only for a brief time.

There are not many shares currently that are performing well... Unless we are in for a LONG correction of 6 months or so, I don't think buying at 18.5 is committing financial suicide I'd be very surprised (and a bit concerned) if I saw INL go lower than 15c... my average buy price is about 19c.

Tony.

 

[Techbuy]

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

Thanks Gundini, I wanted some idea of how things could go and maybe the kind of risk involved.

 

[juddy]

Fundamentals and growth potential DOES NOT make you money.

That would have to be the funniest statement I have seen on any investment website. It was a joke right????? Gawd, I hope so.

 

[nizar]

That would have to be the funniest statement I have seen on any investment website. It was a joke right????? Gawd, I hope so.

Well im glad you enjoyed it bro

 

[imajica]

right before close of trade today we have a single bidder for 2 million shares

looks like we may have some intso buying

tomorrow should be a solid day as BSM have hit some promising mineralisation - have a read of their announcement

also with INL's CEO meeting up with JRV on Friday tomorrow should be a very strong day indeed

 

[wintermute]

yeah saw that and made me pull a sell bid I had in don't worry it was only a small one just trimming a few of my stocks to get some more cash as I think this correction is not over just yet.

I also noticed this morning some unusual trades... first signs of bot trading on INL maybe??

Time Price Volume Value Conditions Attributes BuyXRef SellXRef
08/03/2007 10:35:47 0.205 62996 12914.18 G
08/03/2007 10:35:47 0.2 37000 7400.00 F
08/03/2007 10:35:47 0.2 4 0.80 F
08/03/2007 10:28:31 0.2 30000 6000.00 G
08/03/2007 10:26:50 0.2 19996 3999.20 G
08/03/2007 10:26:50 0.2 30004 6000.80 F
08/03/2007 10:21:54 0.2 9996 1999.20 G
08/03/2007 10:21:54 0.2 4 0.80 F

why would anyone in their right mind sell (or is it buy) only 4 shares??? admittedly they were part of an overall bigger trade but in both cases it started with just 4 shares!

Tony.

 

[Gurgler]

I also noticed this morning some unusual trades... first signs of bot trading on INL maybe??

Time Price Volume Value Conditions Attributes BuyXRef SellXRef
08/03/2007 10:35:47 0.205 62996 12914.18 G
08/03/2007 10:35:47 0.2 37000 7400.00 F
08/03/2007 10:35:47 0.2 4 0.80 F
08/03/2007 10:28:31 0.2 30000 6000.00 G
08/03/2007 10:26:50 0.2 19996 3999.20 G
08/03/2007 10:26:50 0.2 30004 6000.80 F
08/03/2007 10:21:54 0.2 9996 1999.20 G
08/03/2007 10:21:54 0.2 4 0.80 F

why would anyone in their right mind sell (or is it buy) only 4 shares??? admittedly they were part of an overall bigger trade but in both cases it started with just 4 shares!

Tony.

Looking at these bids from the bottom up (and focusing on the times):
at 10.21.54 4+9996 = 10,000
at 10.26.50 30004+19996 = 50,000
at 10.28.31 30,000
at 10.35.47 37,000+63,000 = 100,000

Could be nothing more than a programming glitch. Hey, but I'm no expert!
What do the G and F mean - a buy and sell reference? In which case???

 

[Techbuy]

What do the G and F mean - a buy and sell reference? In which case???

F = Buy Partial Fill
G = Sell Partial Fill

 

[imajica]

should be an interesting day with PW telling Jervois how things will be!

INL has got the goods to unlock a previously uneconomic very large resource

why would INL purchase nearly 20% of JRV if they didn't have a high level of certainty that their process could be used on the deposit

Good luck INL holders, we are not gonna need it

 

[Gundini]

should be an interesting day with PW telling Jervois how things will be!

INL has got the goods to unlock a previously uneconomic very large resource

why would INL purchase nearly 20% of JRV if they didn't have a high level of certainty that their process could be used on the deposit

Good luck INL holders, we are not gonna need it

Agree with you imajica, but must say I am a little disheartened by the lack of accumulation in the Intec stock over the last couple of days. Maybe investors figure it would be some time yet until INL could get a processing plant built near JRV's nickel resourses, so prefer to wait rather than speculate! Figure we won't get any new of the outcome until Monday.

 

[champ2003]

should be an interesting day with PW telling Jervois how things will be!

INL has got the goods to unlock a previously uneconomic very large resource

why would INL purchase nearly 20% of JRV if they didn't have a high level of certainty that their process could be used on the deposit

Good luck INL holders, we are not gonna need it

PW? What or who is PW?
INL have an 11.66% holding in JRV not 20%.

Champ

 

[Kauri]

should be an interesting day with PW telling Jervois how things will be!

INL has got the goods to unlock a previously uneconomic very large resource

why would INL purchase nearly 20% of JRV if they didn't have a high level of certainty that their process could be used on the deposit

Good luck INL holders, we are not gonna need it

How much did they buy, I have read here 11%, then that went to 15%, and now 20%????

 

[TheAbyss]

Their latest market release regarding this states that they owned 11.7 5 then sold down to 11.35 as of last week.

 

[Gurgler]

PW? What or who is PW?
INL have an 11.66% holding in JRV not 20%.

Champ

Champ
PW = Philip Wood MD and CEO of INL

Friday's announcement from INL states the holding reduced from 11.78% to 11.31% (minor adjustment - reflecting ???).

The phrasing of the ann doesn't sound particularly friendly ".. there can be no assurance that any agreement will be reached ...". More news promised in two weeks.

 

[Atomic5]

If the Chinese MOU JV goes ahead, JRV could choose whichever metallurgists or process they wanted, worldwide, and even someone the Chinese approve of.

Plus INL dumped the stock before the meeting (nice 'insider' move there INL), and their holding of JRV as of 26th February 2006 was "197,407,783 shares and 107,200,000 options representing 14.56% on a fully diluted basis".

Perhaps JRV sees them as wanting to jump on the JRV bandwagon for the benefit of INL, seeing as the Chinese have no shortage of funds. Pursell has yet to say anything positive about INL that anyone knows of.

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.

A map of Melbourne-based junior Jervois Mining's tenements.

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.



Just MHO - Please DYOR

 

[juddy]

Don't forget to add, "if they find anything". You could say the same of RRS, they have a potential resource of over $50 billion. lol

In their history NWE have found nought, their management has been weak (even worse than RRS). Why would people believe this time is going to be different? A market cap of $30m shows how much the market believes the story.

Raisings on the way to fund the next drilling campaign?


"How much have people lost on INL?" What a stupid thing to say. How much have people who bought NWE in late 2000 lost? That was 6 years ago and they have seen cap. raising after cap. raising since that time. Any words of encouragement for them Chops? No of course not, you just plan to trade it.


If only investing was a easy as drilling a hole and hoping there was something at the end of it... I believe some people think it is.


Anyway, enough from me I'm not going to give you anymore reasons to spam this thread. Do it elsewhere.

 

[imajica]

chops, I must admit you are sounding a little desperate ramping those dog stocks!!!! INL has 3-4 billion in tailings resource alone at Hellyer + a s**tload of other projects - chops, nizar etc if you don't like INL why bother posting then - stick to the other threads

 

[juddy]

chops, I must admit you are sounding a little desperate ramping those dog stocks!!!! INL has 3-4 billion in tailings resource alone at Hellyer + a s**tload of other projects - chops, nizar etc if you don't like INL why bother posting then - stick to the other threads

It's amusing when TA traders start referring to fundamentals to get others in.

 

[juddy]

Perhaps JRV sees them as wanting to jump on the JRV bandwagon for the benefit of INL, seeing as the Chinese have no shortage of funds

INL have been accumulating JRV since September last year, way before the market knew the Chinese were contemplating anything and probably way before JRV knew about the Chinese too. That looks like a well-planned manouvre, not 'jumping on the bandwagon".

cheers

 

[chops_a_must]

It's amusing when TA traders start referring to fundamentals to get others in.

chops, I must admit you are sounding a little desperate ramping those dog stocks!!!! INL has 3-4 billion in tailings resource alone at Hellyer + a s**tload of other projects - chops, nizar etc if you don't like INL why bother posting then - stick to the other threads

I'm not a T/A trader.

I am posting because this stock has been blatantly ramped since it came down from it's highs. Frequent calls of "bargain" have been laid again and again before yet another price dive.

Dog stocks? Lol! AED and NWE have made me 30% plus, and that's banked profit, not incliding what I'm sitting on now.

So let me ask you something imajica. INL was at one point your only holding. Now you hold another stock. So, have you reduced some of your INL holding to fund this new position? If not, what has happened to the confidence you once had to put everything into INL?