SDV - SciDev Limited

[Sean K]

Personally I think the shares are a bargain at 16c and I'd buy some more if I had the spare cash, but that's my contrarian view, INL is not for the conventional trader
Tony.

Tony, great to see you back! I remember us following this from about Apr 06 through to the breakout at the green circle and wooosh!! I will not be surprised to see that happen again, but it's a long way from providing that excitement I think. Has failed and failed again due to what? Sentiment? Hard to make a confident investment in this now till it clears maybe....20 cents? I agree that 16 may be a bottom according to the chart. Will look at it again clearing .175 longer term S&R. All the best! Sean

 

[kransky]

Seeing a director selling at 17.5c was enough for me with INL. I sold out at 17c a few days ago for a massive loss...

Still holding BSM though.. i like their tenements and the fact that they are connected with ZFX and INL.

 

[mango65]

I totally agree with wintermute's statement of yesterday at 10.23pm.
The management team are very astute businessmen as I have previously posted.
ASX releases are all positive.
OZ and international presentations about the future are all positive.
Company is cashflow positive and ramping up output of concentrate.
However it is still unloved but for what reason is beyond me.

 

[KIWIKARLOS]

All the concentrate project does is provide them money so they don't have to do a share issue.

The whole basis of this company is their patented technology which is yet to be proven. Where is this BFS that everyone has been waiting for for so long?
You say the management is good but realistically there has been little progree in the last 9 months of proving the tech. Milestones just haven't happened how is that good management.

Also good management would encourage investment and create good sentiment. The SP graph alone would scare most people off.

I still think they have a lot of prospects but seriously they need to get something happening. You couldn't say it was looking like a short, medium or long term prospect from previous record.

 

[mango65]

Yes the concentrate is only a good positive cash flow and preventing another round of share issuing. It does however provide some spare change to pursue the ZnO project and modify the Burnie plant.
The technology was proven with the Burnie demo plant in August.
Where is the BFS report?
Well, while that is anybody's guess, it must still be with WorleyParsons.
PW can't be happy with the delay as he has stated that the Company wants the Hellyer residue project producing by late 2008. However the Company can not go to Macquarie for the financing of the new plant without the BFS results.

 

[wintermute]

Hi Kiwi, whilst I understand your positon on management, IMO their hands are tied. Delays from an external party (ie worsley parsons) are not something that they can realistically control. Management has updated us on the status a few times, they can do one of two things... update when things change, or flood the market with meaningless announcements saying something like "Worsley Parsons are still working on the BFS"..... neither is going to help with the sp.

Kennas, I see we have hit 15c again today, do you think it is a possibility for a double bottom?? Honestly, I can't see INL sp taking off without either a significant announcement or positive news on cashflow for the financial year, the problem with INL is you never know when some significant news will come along, and how quickly it will go up when it does (and whether it will hold!!) could get burnt buying in at 20c after a run, cause it could dip back again (and hit stops) this is why I say not a share for conventional traders...

I'm thinking even more seriously about topping up after todays drop, but just don't have the cash to do so ATM.

Tony.

 

[KIWIKARLOS]

Yeah i agree the biggest problem here is there are heaps of traders sitting on very significant losses who will undoubtedly be taking all the opportunities they can to minimise those losses.

Quick to fall and i believe there will be alot of resistance on the way up. I don't think any news they could release even if its extremely positive would encourage the numbers required to get this to mid 20's

 

[Col Lector]

I think the best strategy ...& it seems the Board agrees...is to wait until Everyone sells before releasing any meaningful announcement. Seems to be in play ATM...

 

[juiceman]

I think the best strategy ...& it seems the Board agrees...is to wait until Everyone sells before releasing any meaningful announcement. Seems to be in play ATM...

If i had any concerns,which i do
It's the director that sold 450000 shares (even though he exersized 450000 long dated opies early)
As a director of inl he also sit's on the board of bsm
Bsm is off 22% in the last few week's
Still no signed agreement between inl bsm


What does he know that we don't?
Just the same not a bad entry point for those with a few spare $
Early July should be very interesting
I still see this as a multi-bagger by years end

PS Tony it's not looking good for my dog with kennel lodged at cash converters at the moment cheers

 

[drmb]

If i had any concerns,which i do
It's the director that sold 450000 shares ... What does he know that we don't?

I think that sale by the dir may have spooked the market a little. There is also the IVN thing hanging over this stock. The dir may have been doing what I am trying to do now on a smaller scale and that is, at the urging of my accountant, I'm stuffing everything into the SMSF. So as much as possible I'm getting rid of everything I can that is not nailed down and sticking into Super. Come July 2 I'll start taking it out again all tax FREE! At least that is what I hope the Dir has done. I'm not worried too much about INL at the moment although the sales today worried me However, it's in the SMSF and I have a lot of other pluses there such as BMN, PDN and IMD as well as blue chips. Looking at this INL as more of a 2 year horizon so I am prepared to stay calm since the technology seems to be a winner. (PS sorry about your dog)

 

[stretch]

All the director has done is exactly what we all would of done if we could.

450,000 ordinary shares acquired on exercise of options of $0.069 per share.

450,000 ordinary shares sold on market at a price of $0.175 per share.

He still holds the same amount of fully paid shares as he did last week except that he has managed to put over 47k in his pocket buy selling on-market and converting some of his options into fully paid shares.

He still holds over 2.3 mill in options,but one thing I do know is he won't be exercising the ones that expire on 16th July 07 at 24.6c in any hurry.

 

[Broadside]

All the director has done is exactly what we all would of done if we could.

450,000 ordinary shares acquired on exercise of options of $0.069 per share.

450,000 ordinary shares sold on market at a price of $0.175 per share.

He still holds the same amount of fully paid shares as he did last week except that he has managed to put over 47k in his pocket buy selling on-market and converting some of his options into fully paid shares.

He still holds over 2.3 mill in options,but one thing I do know is he won't be exercising the ones that expire on 16th July 07 at 24.6c in any hurry.

Nice way of spinning it, but at the end of the day he lightened his exposure to INL when the price is already in the doldrums...now he may have his reasons and some of them may have nothing to do with INL's outlook, to buy a house, a car, whatever, but at this point in time it sends lousy signals to the market. I'll hold for July and hope all this is tax loss selling plus capping for accumulation.

 

[kransky]

Exactly. The guy sits on the board, he knows what is going on. If he was expecting some really positive developments in the near future then he would not be selling.

But that doesnt mean things wont turn around for INL in the next few months...

 

[Brissydave]

What about, if the director knows that there will be a positive ann. just in time to "save" the employee options (16th July) .... BUT still wants to top up his super ..... and the super window closes too soon for the announcement.

* Dave

 

[KIWIKARLOS]

These guys are breaking all sorts of resistance levels. Support is weak as, perhapes than orders at 4 c will get filled soon :

Is anyone still holding from the 25-28c level?

There has just been no good news for these guys, possibly one of the worst performing stocks of 07

 

[rub92me]

These guys are breaking all sorts of resistance levels. Support is weak as, perhapes than orders at 4 c will get filled soon :

Is anyone still holding from the 25-28c level?

There has just been no good news for these guys, possibly one of the worst performing stocks of 07

Do I sense a disgruntled ex-shareholder here that bought on a high?
The price is actually up from 12 months ago and 15 cents support looks to be holding despite some heavy selling today. I'm not disputing that this has slided badly in the past 6 months, but it's harldy Armageddon over a 12 month period. And no, I'm not holding. I may buy in if it bounces strongly from here in early July though...

 

[Broadside]

Do I sense a disgruntled ex-shareholder here that bought on a high?
The price is actually up from 12 months ago and 15 cents support looks to be holding despite some heavy selling today. I'm not disputing that this has slided badly in the past 6 months, but it's harldy Armageddon over a 12 month period. And no, I'm not holding. I may buy in if it bounces strongly from here in early July though...

good news for patient INL holders! I sold half so expect a breakout at any time....saw what I think is a better opportunity elsewhere, have fingers crossed for a turnaround in the fortunes of INL in the new financial year...share price performance has been pitiful, but at least slowly they are putting the fundamentals in place.

 

[KIWIKARLOS]

your right mate i am an ex share holder who bought at 17 sold at 30 then bought more at 25 and sold at 30% loss. I then put that money into MAE and made that 30% back in a week plus more now.

You may have bought at 15c (which INL is testing now) over twelve months ago but a return of o% over 12 months would have to be a poor investment.

I liked the idea of the technology but untill i hear some rock solid proven reports on its feasability its as good as a fairytale to the market. Without any news soon i would expect this to keep drifting down.

I mean imagine if the market turns bear like so many have predicted it could be the end of INL.

 

[KIWIKARLOS]

PS i would like to know what fundamentals people keep speaking of?

They have a quite large market cap for stuff all profit from their tailings, the Burnie BFS is nowhere to be seen. They have only one JV with BSM that has apparently gone nowhere except for feeding some of their ore through the floatation system (which is by no means a new technology)

What do they have except for a 20+ % stake in BSM and a dam full of metal?

 

[spooly74]

PS i would like to know what fundamentals people keep speaking of?

Kiwi,

What made you buy it in the first place?

News thats overdue.
BSM Ore Sales Agreement
Mac Bank Research coverage
BFS
IHRP Economics