SDV - SciDev Limited

[constable]

Finished 15.5c ...down half a cent on nearly 5 million in units ...soaked up the weakness ok.

 

[ALFguy]

I expect you're topping up today AFLguy?

It's ALFguy :

Certainly wanted to, but didn't have the $$'s spare. Will be keeping an eye on this tomorrow though.

Can't believe it's still in a downtrend.

 

[kransky]

Back about 6 weeks ago my mate made a joke about topping up INL at 15c and today it finally got there.

So I believe it will go up from here!!!

<holding>

 

[KIWIKARLOS]

Looking much stronger today, this could be the turn around we have been waiting for and all because of some director buying

 

[wintermute]

Looking much stronger today, this could be the turn around we have been waiting for and all because of some director buying

Stranger things have happened... That's the thing with negative sentiment.... once something happens that reassures people, then it can change quickly, just as how any negative news can cause a selloff much more dramatic than warranted... Not saying this is a reversal (yet) but certainly going from 15.5c to 16.5c is better than going to 14.5c

someone at another forum said that 50,000 shares was inisignificant, but this directors fees are less than $53,000 per year, so he isn't necessarily a high flyer, and 50,000 shares for HIM may well be significant... FWIW 50,000 is my entire holding!!

Tony.

 

[KIWIKARLOS]

Well one things for sure Chops a must should start eating his words of negativity toward this stock :

I don't think we will ever see SP below 16.

 

[Gundini]

Well one things for sure Chops a must should start eating his words of negativity toward this stock :

I don't think we will ever see SP below 16.

I would like to think your call is correct, but ever is a long time...

I'll leave the Champagne in the rack for now...

 

[Gurgler]

Here's today's Intraday so far - now at 17. MACD crossing.

 

[chops_a_must]

Well one things for sure Chops a must should start eating his words of negativity toward this stock :

I don't think we will ever see SP below 16.

Did you guys eat your words when I said it would drop below 20c?

Just watch the ramps start up again...

By the way, I think INL is now an absolute screaming buy. I think everyone should put their houses on it. (I don't hold)

 

[constable]

Well one things for sure Chops a must should start eating his words of negativity toward this stock :

I don't think we will ever see SP below 16.

Well its had a little bounce but far from a full blown recovery! I'm out.

 

[KIWIKARLOS]

hahahaha

Thats funny stuff, I was just making a point that your posts both here and on HC tend to be very pessimistic whether its for INL or the market as a whole.

I mean with forums like "SEVERE AND IMMENENT MARKET CORRECTION!!!" which is yet to eventate and the fact that INL can pull a 10% gain with no news and weeks of bad sentiment proves that most statements (including my own) are more guesses than enlightened facts.

I'm always eating my words and here's the first ramp for you chops

INL is a wonderstock watch it surge to all time highs on the back of 60 Tonnes/PA production and feasability studies that seem to never appear. Trust me i bought 10000000000 shares for an average of .00123 cents its gotta be a winner

 

[Gundini]

Trevor Jones, one of the directors just informed the ASX @ 4.41PM today that he had purchased 350K shares on market @ .15

At close he was up 10% already... Not too shabby

 

[juiceman]

Trevor Jones, one of the directors just informed the ASX @ 4.41PM today that he had purchased 350K shares on market @ .15

At close he was up 10% already... Not too shabby

Good observation Gundini,could of been missed easily.
What don't we know: The Burny trial plant operation.
The Ord river trial and processing with BSM.
INL's quarterly statement due very soon.


What do we know: INL has increased it"s holding in BSM to 23.49% (why)
All BSM Directors have increased their own shareholdings substantially in their own company.(why)
Directors of INL are increasing their own personal holdings in their own company.


Assuming Trevor Jones INL director,doesn"t want to make a $23000 donation to day traders,i feel it reasonable to assume things have been going reasonably well in the INL BSM camp.
Could this be the turning point.
Good luck to all INL holders

 

[chops_a_must]

hahahaha

Thats funny stuff, I was just making a point that your posts both here and on HC tend to be very pessimistic whether its for INL or the market as a whole.

I mean with forums like "SEVERE AND IMMENENT MARKET CORRECTION!!!" which is yet to eventate and the fact that INL can pull a 10% gain with no news and weeks of bad sentiment proves that most statements (including my own) are more guesses than enlightened facts.

I'm always eating my words and here's the first ramp for you chops

INL is a wonderstock watch it surge to all time highs on the back of 60 Tonnes/PA production and feasability studies that seem to never appear. Trust me i bought 10000000000 shares for an average of .00123 cents its gotta be a winner

:

Kiwi, I seem to be the only one not running around continually yelling the sky is falling here, in regards to the market as a whole. So I don't understand why you are saying I am negative towards the market as a whole. As to being pessimistic on INL, well, I'm positive and negative on stocks whether I own them or not. QGC is one example of a stock I am negative towards and post about that, but still own. I have posted positively towards ZFX, SMY and others that I don't own. I just don't like seeing one sided debate. Maybe that has to do with my philosophical background and being a believer in the dialectical method? Thesis, antithesis and then synthesis?

In regards to INL, it appears holders by and large have absolutely no money management skills, so I don't have a problem in trying to educate you.

Yes yes, INL did 10% on no news. It also gave back a large part of those gains. But Kiwi, it is not unusual at all for small caps to do this when bouncing off support. That's when you get pro's like Constable coming in and trading the counter trend for short term trades because they know there are people dumb enough to buy from him, caught up in the hype of a reversal when it is in actual fact, a dead cat bounce. But If anything, it should have done this before, and rather than using most of the buying energy to actually get back above support, it could have stopped it from plonking there in the first place if it was genuine.

On the chart there are no big white candles busting through key points. In fact, the small MA which determines the short term trend, was at 17c for me. Which is incidentally where INL reached today and subsequently thudded down from. For any semblance of a trend reversal, the buying strength should have been able to push through there. Instead, it languished at that point. In my eyes it has gone from a 75/25 chance of staying below 16c for a while, to that being a 50/50 chance. Obviously, if it stays above 16c for the next week, it has a good chance of not going through. And if it can close above 17c soon I would say it has an even better chance. But, the lack of follow through buying does not inspire one with confidence.

There are a few final points I would like to make:
1) I'm not sure of the chances of this one running, considering the general uncertainty of markets right now, and people generally being unwilling to open new positions in this environment on stocks clearly in a downtrend.

2) What are you going to do if the support at 16c doesn't hold? What are you and others going to do if the stock goes pear shaped? Are the people that doubled down and went all in at 24, 20.5, 18, 17.5, 16, 15.5, 15 going to continue to hold no matter what?

Cheers,
Chops.

 

[Moneybags]

Very nice post indeed chops.

I agree with most of what you have to say but would like to hear your opinion in regard to POZ and INL.

I have noticed that the downtrend INL has been in, does to a large degree, coincide with the POZ and if you check out some other Zincers you will see that they too have been in a downtrend of sorts also.

Since ZFX,KZL,CBH and the like seem to be turning now, once again coinciding with POZ, could it not be possible for INL to also experience this same reversal. Todays ann regarding another director purchase surely must also be a catalyst for sentiment to change.

Regards

MB

Oh yeah........sold most of my INL when price was first touhed 17.5 which seems like an eternity ago now. Still have 16,500 shares to see what happens.

 

[chops_a_must]

Very nice post indeed chops.

I agree with most of what you have to say but would like to hear your opinion in regard to POZ and INL.

I have noticed that the downtrend INL has been in, does to a large degree, coincide with the POZ and if you check out some other Zincers you will see that they too have been in a downtrend of sorts also.

Since ZFX,KZL,CBH and the like seem to be turning now, once again coinciding with POZ, could it not be possible for INL to also experience this same reversal. Todays ann regarding another director purchase surely must also be a catalyst for sentiment to change.

Regards

MB

Oh yeah........sold most of my INL when price was first touhed 17.5 which seems like an eternity ago now. Still have 16,500 shares to see what happens.

I'm not as bullish on zinc as I am on some others. The fact that China is almost certainly now an exporter of zinc worries me, and I'm sure people are therefore reluctant to take on longs for zinc. Stockpiles are obviously low, but as Greg Gailey noted in January, supply really doesn't seem to be much of an issue.

I think if the POZ keeps going strong, it will definitely add support to stocks like INL etc. The reason why I am nowhere near as bullish on INL as some others is because INL broke its support point, from where its biggest breakout occurred. Opposed to KZL and CBH which ran off that support and ZFX which got nowhere near it.

The directors buying is a good sign, but it was really now or never. Maybe they were all actors before they became directors and are masters of suspense? Who knows lol. But if it goes through 18.5c on volume then I think it will do well. Until that time, it's probably a 50/50 call.

 

[Kipp]

The directors buying is a good sign, but it was really now or never. Maybe they were all actors before they became directors and are masters of suspense? Who knows lol. But if it goes through 18.5c on volume then I think it will do well. Until that time, it's probably a 50/50 call.

As for the directors buying... well 2 of those directors were for parcels of 30 & 50K... spare change for these guys. (Unless of course they were actors : ). Most recent though was 350K which is a little more assuring for holders.

It would inspire a bit more confidence in me if there was a little more insto interest in INL (the tope 20 shareholders control a paltry % of stock). I believe it would be less volatile (and wouuldn't of tanked so hard in the last few months) if it were more tightly held. IMO.

 

[Moneybags]

I'm not as bullish on zinc as I am on some others. The fact that China is almost certainly now an exporter of zinc worries me, and I'm sure people are therefore reluctant to take on longs for zinc. Stockpiles are obviously low, but as Greg Gailey noted in January, supply really doesn't seem to be much of an issue.

I think if the POZ keeps going strong, it will definitely add support to stocks like INL etc. The reason why I am nowhere near as bullish on INL as some others is because INL broke its support point, from where its biggest breakout occurred. Opposed to KZL and CBH which ran off that support and ZFX which got nowhere near it.

The directors buying is a good sign, but it was really now or never. Maybe they were all actors before they became directors and are masters of suspense? Who knows lol. But if it goes through 18.5c on volume then I think it will do well. Until that time, it's probably a 50/50 call.

Appreciate your comments Chops, good points about support being broken.

In my opinion ZFX never reached support as it had a dividend payment which kept people in the Co. Also KZL hitting $6 yesterday could be due to their copper plays as well as POZ increasing and LME stockpiles declining.

Anyway we will all know one way or the other as time marches on.

Cheers

MB

 

[drmb]

As for the directors buying... well 2 of those directors were for parcels of 30 & 50K... spare change for these guys. (Unless of course they were actors : ). Most recent though was 350K which is a little more assuring for holders.

It would inspire a bit more confidence in me if there was a little more insto interest in INL (the tope 20 shareholders control a paltry % of stock). I believe it would be less volatile (and wouuldn't of tanked so hard in the last few months) if it were more tightly held. IMO.

Trevor Abel Jones (the Financial Diector) notified after ASX close purchase indirectly of 350,00 at 15c on 24/4. Hopefully he knows what's up (or down?) March quarterly due on Monday, so will be interesting. I hold for a 2-3 year horizon.

 

[resourceboom]

Does anyone know when the quarterly report is due, it will be interesting to see the revenue and expense figures from the first production!!