Kiwi,
What made you buy it in the first place?
News thats overdue.
BSM Ore Sales Agreement
Mac Bank Research coverage
BFS
IHRP Economics
Hi Broadside,Let's see this flood of announcements....where are they??? Not having a go at you. Seriously, this is perhaps the greatest bull market in a generation, especially for resources....if they are treading water the past year, in this market it is not good enough. I am not emotional about this stock at all, I do see potential, I just don't see delivery on it, and in this market all the ducks are lined up --- it doesn't get easier than this!
Thanks spooly for the flow chart, and I agree with you I see the blue sky being royalties for the IP. I also hold AGS. The flow chart is a good visual representation of the problems this stock faces in communicating to the investment community, it is very complex and not a simple story! Did you read BSM's announcement a few minutes ago? Cheers and good luck to all.
PS Kieran Rodgers sold 450,000 ordinary shares at 17.5c a little while ago. He is also a BSM director.
Looks like I'll be watching from the sidelines a little longer then. Looking forward to the 'spin' INL will give on this. Being a large BSM shareholder some of the benefits will flow through to them I suppose
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
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.
It always amazes me how people can twist what they want to read, to how it fits in with their personal blocks. The same experiment can be done with 8 year olds: Ask them why they think the moon goes away during the day; then tell them the actual reason; and then ask them again, why the moon goes away during the day. In most occassions they will melt in their own version with the factual version. But I guess this shows the position in life that INL holders are at.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
Now that they have no immediate potential for any other earnings apart from this, it has to be valued on this. I doubt whether any premium should be paid for their tech, given a major zincer totally ignored them. Says a lot about the value of the tech.The thing that worries me is that most of the EBITDA is from the sale of JRV shares. Without that, the EBITDA for the quarter is only $1.2m. So if you only take into account their earnings from sales, ~.6m per shipment, at 1 p/month at roughly ~$2m overall per quarter, their P/E is at about 20. Even if you forecast an EBITDA of 3m for the whole year, the P/E is at about 8.5.
I doubt whether any premium should be paid for their tech, given a major zincer totally ignored them. Says a lot about the value of the tech.
I dispute that line.Says absolutely nothing about the value of the tech chops
They still can increase the throughput at Hellyer in the short term and may indeed have other regional ores which they can also add to improve the bottom line
I dispute that line.
"Intec notes that the Rosebery Mill has spare capacity, whereas the Intec Hellyer Mill is currently fully utilised in treating the Hellyer tailings to produce a bulk zinc, lead and silver concentrate."?
And I also dispute your first statement. ZFX showed scant disregard for INL's assumptions that it would be used for processing.
How can you say the SP wont be affected when management can't even deliver on their fait accompli's.
BSM processing aggrement is off. Good or bad? i dont know.
I do know that Hellyer plant is running at full tilt,so it may not be a commercial issue for inl (not sure what an unimformed market might think)
I spoke with Dave Sammut to-day before and after the bsm ann
Before the bsm ann his comments were all VERY POSITIVE with some good news to be released soon.
After the bsm ann he commented that it was a good resolve for both company's.
Something is going on here but i'm unsure what it is.
For myself i won't be selling my shares, and in fact may buy more to-morrow.
Volume to-day 5,102,180 110 trades ave parcels 46,383 many individual parcels between 100,000 and 200,000 somebody likes em
By the way inl is into stage 2 IHRP and claim in 2008 they will have built and commisioned their new plant; enter EAFD and LEAD.
On their figures that's about $65 mil pa 100% owned + hellyer
At this point in time they are not releasing the cost of the new plant.
Imo they are just itching to tell the market something new that will make us all feel warm and fuzzie
Good luck to all.
can you please tell me where you got this information from? I find INL annoying as they dont disclose the full details of things.. like expected costs.. (so you cant make reasonable gross profit estimates)
it makes the stock easy to ramp.
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