SDV - SciDev Limited

[coladuna]

Guys,

I emailed INL about the JRV announcement and I got the below response (very quick response too! got a reply in under 2 hours)

Thank you for your enquiry regarding the JRV announcement. Clearly there are a number of points in the document that we would strongly dispute, and the Management of Intec are currently considering how this should be dealt with.

I will respond to your enquiry once these considerations have developed

Sounds like they are not very happy about this announcement either.

 

[Gundini]

Might be a good time to have a re-think about my JRV stock. They do not seem happy at all. I suppose all they could do is sell their 8% holding...

 

[gordon2007]

Reminds me of two school girls fighting. You know it's wrong but yet you just can't help watching it. It does have a certain element of entertainment value though.

 

[marklar]

the Management of Intec are currently considering how this should be dealt with.

Wait for JRV to drop below 1c and start buying up to 50.1% ?

m.

 

[Atomic5]

Wait for JRV to drop below 1c and start buying up to 50.1% ?

m.

Marklar
If you're right then we dont have long to go.
JRV is tanking miserably.

 

[Atomic5]

Nope. An INL dump.
Looks like INL holders will not be getting a rebuttal to the JRV statement.
Hope this is the last of it.

 

[Gundini]

Nope. An INL dump.
Looks like INL holders will not be getting a rebuttal to the JRV statement.
Hope this is the last of it.

It is, they only hold their JRV options now.

 

[white monkey]

I think INL has emerged the victor in this school girl spat.

INL now has a cool 2.5 million, whilst JRV looks to have suffered a series of slaps to the face and appears to be missing a small clump of hair as well a scrunchie. Bitch!:

 

[mango65]

While INL has made a cool $2.5 million gross profit so far it still has 107.2 million JRV options available at 1 cent each. To exercise these and then sell them at even today's JRV share price means another $1 plus million profit. I think that that sort of overhang will not see JRV's price rise very far in the near future. Since INL is not short of cash and has a positive cash flow, INL will not have to sell in a hurry so the pressure is really on JRV. No positive cash flow, no Chinese agreement, and a quarterly cash out flow will make it all very interesting.

 

[sparkey101]

Jervois has had limited success with the nickel at young mine. They sent a few cubic meters of their ore to america to put through a similar procees to INL demo plant and claimed great success however nothing has come of it. A little over 12 months ago there was a share offer at 0.014 and I purchased the max about $5000.00 at the time Jervois was trading about 0.02 but I held till finally they dropped to 0.01 at this stage there was another offer but investors had lost confidence as the previous money produced a negative result. It appears this was where INL started to buy in (they were a take over target for INL and you cant blame INL for an excellent pure business decision.) INL has sold its shares in JRV and invested in BSM a wise move. I believe INL will keep the JRV options because of the uranium licences JRV has, uranium is a good thing to be in at the moment and it would only take a little good news to drive JRV to 0.05. I sold out of JRV at 0.041 and would not buy back in above 0.015 and if something does not happen with the uranium quickly I think thats where they are heading. INL needs to get a few ship loads of zinc through the Burnie wharf asap as its shares have slipped from 0.30 back as low as 0.16 (lots of talk but limited production results)

 

[Atomic5]

While INL has made a cool $2.5 million gross profit so far it still has 107.2 million JRV options available at 1 cent each. To exercise these and then sell them at even today's JRV share price means another $1 plus million profit. I think that that sort of overhang will not see JRV's price rise very far in the near future. Since INL is not short of cash and has a positive cash flow, INL will not have to sell in a hurry so the pressure is really on JRV. No positive cash flow, no Chinese agreement, and a quarterly cash out flow will make it all very interesting.

In mining terms $2.5m is nano$ and if INL are bragging about having made that much from JRV then they can't have the scale of Ni production economies in perspective.

Bit of smoke screen that one to assure INL shareholders that they are not wasting time and money doing what they are doing, and maybe to divert from the inability to provide a rebuttal to the Pursell statement that enraged them so much.

 

[mango65]

Jervois has had limited success with the nickel at young mine. They sent a few cubic meters of their ore to america to put through a similar procees to INL demo plant and claimed great success however nothing has come of it. A little over 12 months ago there was a share offer at 0.014 and I purchased the max about $5000.00 at the time Jervois was trading about 0.02 but I held till finally they dropped to 0.01 at this stage there was another offer but investors had lost confidence as the previous money produced a negative result. It appears this was where INL started to buy in (they were a take over target for INL and you cant blame INL for an excellent pure business decision.) INL has sold its shares in JRV and invested in BSM a wise move. I believe INL will keep the JRV options because of the uranium licences JRV has, uranium is a good thing to be in at the moment and it would only take a little good news to drive JRV to 0.05. I sold out of JRV at 0.041 and would not buy back in above 0.015 and if something does not happen with the uranium quickly I think thats where they are heading. INL needs to get a few ship loads of zinc through the Burnie wharf asap as its shares have slipped from 0.30 back as low as 0.16 (lots of talk but limited production results)

Hi Sparkey101,
Second shipment of about 5000 tonnes of concentrate left Burnie late March with over 3000 tonnes of concentrate still sitting in Burnie waiting for the next ship. The mill is behaving as it should with good results. Why the INL price drop is anybody's guess. Price of zinc? Dollar exchange with US $? Still no announcement re BFS result?
The share market is a strange place!

 

[mhtrieu]

In mining terms $2.5m is nano$ and if INL are bragging about having made that much from JRV then they can't have the scale of Ni production economies in perspective.

Bit of smoke screen that one to assure INL shareholders that they are not wasting time and money doing what they are doing, and maybe to divert from the inability to provide a rebuttal to the Pursell statement that enraged them so much.

Atomic5, you are TOO in love with JRV. Thank god INL didnt publicly rebut against the JRV statement. INL have rebutted againsts Pursell statement in private emails, they just didnt do it in a public annoucment. After all INL still hold a large parcel of JRV options, it would not do INL any good to go and de-value JRV and their management team.

I wouldnt call JRV attack on INL *looking after their shareholders interest*, they achieved nothing with what they did. Had they maintained a good relationship with INL, it would have benefited them and the shareholders. If the chinese deal doesnt work out, i doubt INL would now be interested in doing business with JRV.

Who the hell goes and criticises their major shareholder???

 

[juddy]

Atomic5, you are TOO in love with JRV. Thank god INL didnt publicly rebut against the JRV statement. INL have rebutted againsts Pursell statement in private emails, they just didnt do it in a public annoucment. After all INL still hold a large parcel of JRV options, it would not do INL any good to go and de-value JRV and their management team.

I wouldnt call JRV attack on INL *looking after their shareholders interest*, they achieved nothing with what they did. Had they maintained a good relationship with INL, it would have benefited them and the shareholders. If the chinese deal doesnt work out, i doubt INL would now be interested in doing business with JRV.

Who the hell goes and criticises their major shareholder???

you're wasting your energy on Atomic5. Read his bitter, vindictive posts on HC. He is too far gone.

 

[wintermute]

OK Time for another chart... Since the last two times I posted a descending triangle chart on INL I got it wrong you might want to take this with a very large grain of salt

You might also want to look back at my post about CGT discounts https://www.aussiestockforums.com/forums/showpost.php?p=124538&postcount=858

Could (admittedly on shaky ground here) possibly explain the latest dips to 16.5c certainly fits with the timing of late march early April that I mentioned. Yeah I said a post or two later maybe it doesn't work that way, but hey it is a theory, and it is evolving, it needs inputs to test whether it holds water or not

Anyway here is the chart... the down trend line was a bit hard to fit and it is possibly fitting in such a way as to make my theory look reasonable (ie personal bias or wishful thinking), but if you take the couple of piercings as false breaks then maybe it is reasonable?? Anyway I'm hopeful that we might now see a trend reversal. Certainly with this particular descending triangle there is no more room for it to bounce, so a move one way or the other is likely. I personally don't think there is any reason other than negative market sentiment for the stock to go lower than 16c, so my probably biased opinion is that it is more likely to break to the upside. I guess we will know within a few days.

 

[chops_a_must]

I think the bottom may be 16c. I can't see it going any further than that. But unless the POZ recovers, I can't see it having a strong break either. Perhaps sideways action between 16c and 18c until things become clear?

P.S. is it just me looking at it, or do all the charts of zinc producers look very similar to this?

 

[Sean K]

Agree, looking similar. Had a pretty weak run. Coinciding with POZ, no?

Also agree, 16 could be a bottom. I think I put that up a while ago. Will be waiting for higher lows and highs before reentering though.

 

[wintermute]

No it's not just you chops

Have a look at six months weekly for INL vs ZFX if you take out the spike when INL started production, there is IMO a very large similarity!

Also as is evidenced by past INL price movents, six months of sideways movement bouncing between two points is not at all unusual.. I'm a bit loath to post prices now, but my oppinion is that a likely range going forward seems to be liklely between about 18.5c and 22c...

BFS may be a wild card here, but I'm not convinced that a positive announcement about the BFS (which has been delayed, and will quite possibly be further delayed, I'm having flashbacks to steady state here) will have a positive effect on the sp.... It depends I think on the makeup of the share holders... how many bought because of the polymetals JV and are not interested in the Intec process, and how many are in it for the process... Something I don't have any evidence on so these comments are basically speculative, but the tracking of the ZN price seemingly closely, tends to make me think that the sp is more sensitive to the POZ than to anything to do with the Intec process. Also a look at key points where the sp has risen (and fallen) over the last 12 months and what announcements or events happened at those times, and you will find that in (all?) cases it seems to have been polymetals JV or POZ related... When Intec finally announced that Steady State had been reached there was barely a blip in the sp, something that pre Polymetals, would no doubt have had a significant effect.

Tony.

 

[nizar]

P.S. is it just me looking at it, or do all the charts of zinc producers look very similar to this?

Check out KZL, going on a bit of a run.

 

[Dave31]

ahh... Atomic5 = pop_moo (on HC)