SDV - SciDev Limited

[mango65]

Hi ASK,
I have been watching your posts with interest. It certainly was not a good time to buy Intec when you did. Hindsight however is a wonderful thing.
Now I am a biased true believer in Intec so don't accept any thing I say without question.

Your Post; we've broken that 7.2 barrier... high volume, could this be all INL holders dumping stock in the face of a declining share price? im starting to get a little worried... letting go of the shares might become a reality =!!!

I've had a look at the trades of today and there are 2 sell trades of about 400000 and the remainder are smaller. Now there may be someone in the top 200 shareholders who has sold part of their holding but no one has sold all of their holding. With the top 200 still holding it should give you some confidence even though Intec seems to be going down the gurgler.
Bear in mind that Intec is still cash flow positive and that the Quarterly Report will be out very soon with the Half Yearly at the end of next month.
I am in the top 200 and holding. I think Intec has a great future and am confident that the share price will turn around. You said earlier that you did not need the cash right now so live with the "downs" and hope that the top 200 are correct in holding.

 

[ASK]

haha thanks mango

As a 17 year old trader ... I get a little edgy sometimes, but im learning. Looking forward to seeing that qrt report, because I cant handle these all time lows!

 

[mango65]

Hi ASK,
You are also getting older as you were 16 a short time ago.
Trading does that to some people.

 

[ASK]

yeeeeah! it was my birthday on the 16th ... hopefully INL can keep me young! looking forward to some big results mango, ill hold on! :

 

[wintermute]

Hi Ask, the support lines I drew are somewhat tentative. here is another graph with all the support lines as I saw then on the monthly. The next one is at 7c. followed by 6.2c 6c and the last one at 5.1c (note that in the original chart it is much more detailed, but because of downsizing for web use you can't see as much).
http://i109.photobucket.com/albums/n46/_wintermute/inl_ax01may03_to_01jun08.png

The other thing too though is that the weighted average volume price today was 7.2c yes the sp closed at 7.1 but it is not uncommon to see dips below the support. Bear in mind as well that the support at 7.2c is on a monthly chart not a daily.

There are no guarantees though, the current market is in a serious correction, and intec has been suffering from very negative sentiment for about a year, those two things combined don't auger well for it maintaining its current price, but then again who knows. I'm holding but I'm like mango, I'm biased and believe in the company, It doesn't mean we are right though!! you need to make your own decision based on what you feel comfortable with

Tony.

 

[mango65]

yeeeeah! it was my birthday on the 16th ... hopefully INL can keep me young! looking forward to some big results mango, ill hold on! :

Hi ASK,
Well Congratulations on your birthday on the 16th.
Today's INL price is a shocker. A top 200 sold 745402 shares today and someone close to the top 200 off-loaded 460525. With Margin Calls running rampant the dumping of non-performers to get some cash just has to be done.
When I last looked there had only been 44 trades and with over 3000 shareholders many must be sitting tight.
Unfortunately there have been so many shares sold over the past months that no one knows whether it is recent day traders who are bailing out or not. Certainly 44 trades are not many but who knows what tomorrow will bring.
Stop losses often kick in at a loss of 10% or 15% and today's price drop beats even that.

 

[roland]

Wow, Intec's SP has been battered. I sold out ages ago and since then just kept watching it fall.

The quarterly today was quite upbeat, sales have increased - positive cashflow !! Yahoo

INL's day will come, good luck to all INL holders

 

[Kipp]

Wow, Intec's SP has been battered. I sold out ages ago and since then just kept watching it fall.

The quarterly today was quite upbeat, sales have increased - positive cashflow !! Yahoo

INL's day will come, good luck to all INL holders

Positve cashflow? Em.. .a decline to $1.7 mill was what I saw, and that includes a 1mill borrowing.

I am a bit shocked at the unprofitability of the HCZP. Yes, I not Zinc prices are down to 1.00 (which is where they look like they will stay for a while), but the Net operating costs of the HCZP was approx 2.5mill for the QTR. Meanwhile, there are many other "convential" producers who can still turn a good profit out of the current Zinc market... ZFX for one!

I think we will not see any profits from this dog until the residues project comes online- not till 2009. I hold only until July 1 when I will take my staggering capital loss.

 

[roland]

Positve cashflow? Em.. .a decline to $1.7 mill was what I saw, and that includes a 1mill borrowing.

I am a bit shocked at the unprofitability of the HCZP. Yes, I not Zinc prices are down to 1.00 (which is where they look like they will stay for a while), but the Net operating costs of the HCZP was approx 2.5mill for the QTR. Meanwhile, there are many other "convential" producers who can still turn a good profit out of the current Zinc market... ZFX for one!

I think we will not see any profits from this dog until the residues project comes online- not till 2009. I hold only until July 1 when I will take my staggering capital loss.

woops, what I meant was that they had some cashflow, meaning that they were selling stuff and getting paid. Wasn't taking in the balance sheet.

Re: zinc price, I posted an excert from a report from one of Kitco's contributors - where, they highlight the current problems in China with the extreme weather shutting down a lot of the miners. The shutdowns are putting pressure on the Zinc and other metals prices. Everyone is expecting a short term run on the LME

 

[mango65]

Positve cashflow? Em.. .a decline to $1.7 mill was what I saw, and that includes a 1mill borrowing.

I am a bit shocked at the unprofitability of the HCZP. Yes, I not Zinc prices are down to 1.00 (which is where they look like they will stay for a while), but the Net operating costs of the HCZP was approx 2.5mill for the QTR. Meanwhile, there are many other "convential" producers who can still turn a good profit out of the current Zinc market... ZFX for one!

I think we will not see any profits from this dog until the residues project comes online- not till 2009. I hold only until July 1 when I will take my staggering capital loss.

Hi Kipp.
I posted this elsewhere but have copied here to save some time.

Remember that 6260 wet tonnes were shipped too late in December to be counted in the revenue though it has been expensed. That is 6260 of the 16270 tonnes shipped during the quarter; quite a chunk.
The $1258000 spent during the quarter was to keep its percentage of BSM shares at 23.5% of the total issue. Pity the share price of BSM has dropped so much but then that is the share market.
The $4950000 is tied up as the cost of environment bond for the storage of EAF dust till disposal. I suppose that the amount will increase as the amount of EAF dust increases in storage. The cost of EAF dust storage is why Intec is pushing ahead with the zinc only aspect of the new mill.
While it may appear as though they are running a bit close to the wind on the operational side I think that they will easily weather the next 3-4 months.

 

[camaybay]

Mango,
Do you know why the Bass shares had to be topped up, is there a significance with the %, or was this seen as a buying opportunity to increase the holding? Otherwise the cash may have been handy in the future.
Just wondering
Cheers

 

[mango65]

Hi camaybay. The reason for the purchase was to keep Intec's percentage of BSM shares constant at 23.5%. Intec had permission to do this and took up the offer.
Certainly the cash could have been used in the future but I believe the chance to top up would have been lost.

 

[roland]

Has INL bottomed yet? I noticed that they are starting to stockpile the furnace dust. >35% zinc content is a great result. Do they have to pay for the furnace dust, other than transport/storage/environmental overheads etc?

Correct me if I am wrong, but production/extraction looks to be set for 2nd qtr 2008, will they be extracting AU or anything other than Zn?

Fingers crossed for INL holders that it has hit the bottom - all up from here (hopefully)

P.S. I'm not holding right now - had to ditch

 

[roland]

Reasonable presentation by Intec today. Truthfully, INL could do with a bit of a spruce up. i.e. each contact I have with Intec presents me with a few old codgers showing me rusty pipes, sludge pits, dirty wharehouses etc. Then presenting it all in a few photos with hand drawn red lines pointing out things, with their old fashioned ugly logo splashed around..

I think we know that waste processing can't be glamourous, but for me, I would much more inclined to get more into Intec if they had more of a high tech presentation.

The business model is good, their technology is world class, their presentation sucks.

My

 

[kransky]

They need to show me some operating cost numbers instead of just revenue numbers. Then I might think about getting back on this ship.. till then I'll just watch her sink lower and lower.

 

[juiceman]

The dog may be comming out of it's kennel
Good half yrly
Good boardroom radio
Lots of irons in the fire
Good news is starting to flow
At these prices it may be worth a look

 

[mango65]

Hi juiceman.
Intec the dog may still be in his kennel but he may be out and about some day soon.

In Intec's latest Forum answer of today I will quote Dave Sammut's answer to a query.

Dave said, "whichever way you arrive at the valuation the current INL share price does not reflect the true value of the company or its substantial blue sky potential. And to prove that I am willing to put my money where my mouth is on this statement, I would note that (after checking that there were no issues of material relevance of which the market was not aware and after requesting approval from the Board of Directors) I recently almost doubled my shareholding in Intec. I am not a wealthy man, and I have a young son to care for, but I put all I could readily spare into the transaction, and Intec shares now represent 100% of my share portfolio.

Now Dave does not have to declare his holdings as he is not a Director so his holdings will remain unknown. Similarly for any other employee of Intec. They can buy and not disclose. When you look at the Director's holdings however on the Top200 list and go through all the Wood holdings either as a single name or in combination, the Moyes, Bell, Severs etc then the Directors really do believe in the Company.
Not only that but since Intec is not able to be Margin Loaned against then it is all cash that the Directors have invested in the Company.
Fancy having a Company which is immune from Margin calls.

 

[mango65]

An ASX announcement just released informs the market of another purchase of 30000 shares at 6 cents by the CEO of the Company. Okay it is "only" $1800 worth but it is still a buy.
Cynics will say "so what" but the buying of shares by an employee and the CEO is a positive in my book.

 

[mango65]

I asked the direct question about the release of the HRP economics today and Dave has answered it on Intec's new Forum page.
The economics will not be released as I said and thought at the end of March. The economics won't be released to the market till negotiations for the new plant are concluded with the financiers.
Read it all on Forum.

 

[mango65]

Hi All.
Go to today's ASX after hours close announcement by INL to see how far advanced the HRP is in the 3 months since approval.