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
Wait for JRV to drop below 1c and start buying up to 50.1% ?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.
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.
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.
Hi 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 limitedproduction results)
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???
P.S. is it just me looking at it, or do all the charts of zinc producers look very similar to this?
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