SDV - SciDev Limited
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Another announcement another step into another country , Russia in this case a large company that producers 40% of that nations copper and has plans to supply 100% in the future , it also believes Intec can show it the way into processing cu pb zn and ag the Intec way .... in the meantime INLs s/p looks dead in the water, But all these small but meaningful moves sets a very solid foundation for future success .. Cheers
Hi All.
Great to have help at this late stage with regard to the Right's issue. I must admit I had no trouble yesterday with Bpay.
Dave Sammut has posted today on Intec's Forum the following in answer to a question by Phil.
"Hi Phil,
Ivanhoe Mines (of which Robert Friedland is the Chairman and major shareholder) holds its shares in INL under the name Orian Holding Corp, with 6.13% of the company. The other major non-nominee shareholder is Alliance Resources Limited (ASX code: AGS), with 1.42%. Both of these are fully subscribing for their entitlements under the Rights Issue.
The Rights Issue closes today, Tuesday 24 June 2008 at 5:00pm AEST."
Well the only holders of more than 1% of Intec shares have both got in the act and taken up their allotment of Right's shares so it is encouraging to recognise their faith in the Company.
Cheers.
Great to have help at this late stage with regard to the Right's issue. I must admit I had no trouble yesterday with Bpay.
Dave Sammut has posted today on Intec's Forum the following in answer to a question by Phil.
"Hi Phil,
Ivanhoe Mines (of which Robert Friedland is the Chairman and major shareholder) holds its shares in INL under the name Orian Holding Corp, with 6.13% of the company. The other major non-nominee shareholder is Alliance Resources Limited (ASX code: AGS), with 1.42%. Both of these are fully subscribing for their entitlements under the Rights Issue.
The Rights Issue closes today, Tuesday 24 June 2008 at 5:00pm AEST."
Well the only holders of more than 1% of Intec shares have both got in the act and taken up their allotment of Right's shares so it is encouraging to recognise their faith in the Company.
Cheers.
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Intec Assumes full control of Hellyer !! see ann.
Perhaps the zn an pb prices have also forced Polymetals out??
This will now allow INL to treat 3rd party ore and give them options for other feedstocks.
Anything they can add at higher grade will vastly improve their revenue from the project.
Management hinted at some pre feasibility finance announcement later this month (from qtr ann yesterday)....surley this would greatly improve any deal being made with Poly out of the picture.
Good news for long termers, or in other words... those in the red.
Perhaps the zn an pb prices have also forced Polymetals out??
This will now allow INL to treat 3rd party ore and give them options for other feedstocks.
Anything they can add at higher grade will vastly improve their revenue from the project.
Management hinted at some pre feasibility finance announcement later this month (from qtr ann yesterday)....surley this would greatly improve any deal being made with Poly out of the picture.
Good news for long termers, or in other words... those in the red.
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This used to be a very active thread, but I suppose the long term downtrend for INL has tempered interest. Considering it last traded at .014 and has lost over 50% of it's value over the last 2 days, I would have thought the long term holders would have come out to comment.
I remember when INL was looking to take over JRV not so long ago. I wonder if the Directors of INL are a little bit embarassed that JRV has 3 times the market cap of INL.
I don't hold, sold at .17, but I do know there were some large holdings in this stock on ASF. Did everyone bail early?
I remember when INL was looking to take over JRV not so long ago. I wonder if the Directors of INL are a little bit embarassed that JRV has 3 times the market cap of INL.
I don't hold, sold at .17, but I do know there were some large holdings in this stock on ASF. Did everyone bail early?
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Correct me if i'm wrong, but if what i quoted above is about the closing of Intec's mining, then there is no point investing in this company aymore, face the fact and cut the loss...pardon me for being so cynical...
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I had an ave price of just under 5c .. and was out early yesterday with most.
I`m baffeled by the recent developments with this mob.
They have publicly stated that the HZCP was modestly profitable on recent zn and pb prices. They have had record production also.
Polymetals clearly knew there was trouble ahead but why would Intec let them out so easily if they knew the plant was to be put on suspension. Only last quarter they spent money on improvments to it.
More importantly .....where does the IMRP stand?
Where is the "significant pre financing announcement" due in Aug?
Was this it?
At least we know how much value the market places on Intec's IP .....sweetFA!
I`m baffeled by the recent developments with this mob.
They have publicly stated that the HZCP was modestly profitable on recent zn and pb prices. They have had record production also.
Polymetals clearly knew there was trouble ahead but why would Intec let them out so easily if they knew the plant was to be put on suspension. Only last quarter they spent money on improvments to it.
More importantly .....where does the IMRP stand?
Where is the "significant pre financing announcement" due in Aug?
Was this it?
At least we know how much value the market places on Intec's IP .....sweetFA!
This looked like it had been dying a long, slow lingering death for a very long time unfortunately. I had toyed with the idea of getting into this for a long time, but the lack of credible baseline support over the last 12 months managed to scare me off.
Personally, I don't think it was a great idea for their listed business address to be associated with the University Campus, it seemed to give of an air of guys who were technically very good, but perhaps lacked the hardline edge to survive as a publically listed company... just my
.
At least they still have listed assets which should be worth a substansial amount.
Personally, I don't think it was a great idea for their listed business address to be associated with the University Campus, it seemed to give of an air of guys who were technically very good, but perhaps lacked the hardline edge to survive as a publically listed company... just my
. At least they still have listed assets which should be worth a substansial amount.
Hi Jman.
Your comment that "Personally, I don't think it was a great idea for their listed business address to be associated with the University Campus, it seemed to give of an air of guys who were technically very good, but perhaps lacked the hardline edge to survive as a publically listed company."
Well the Company works from the uni campus and their building is adjacent to and connected to the Dept of Chemical Engineering. The association works well for both identities.
The CEO certainly has a "hard nosed edge" and is guiding the Company very well though PR is often lacking.
Hi Spooly74.
Recent developments are that the Hellyer mill became uneconomic so they put it on Care and Maintenance to save a steady drain on their finances while they got on with their real game; the IMRP.
Yes "Polymetals clearly knew there was trouble ahead". Intec let them out because Intec now controls 100% of the mill. Yes "Only last quarter they spent money on improvments to it." and these will still be there when the mill is restarted.
Unfortunately the economics of the IMRP are still to be announced. Now the closing of the mill announcement was not the expected announcement in Aug.
"Where is the "significant pre financing announcement" due in Aug?" Still coming.
The main game is still being played out.
Cheers.
Your comment that "Personally, I don't think it was a great idea for their listed business address to be associated with the University Campus, it seemed to give of an air of guys who were technically very good, but perhaps lacked the hardline edge to survive as a publically listed company."
Well the Company works from the uni campus and their building is adjacent to and connected to the Dept of Chemical Engineering. The association works well for both identities.
The CEO certainly has a "hard nosed edge" and is guiding the Company very well though PR is often lacking.
Hi Spooly74.
Recent developments are that the Hellyer mill became uneconomic so they put it on Care and Maintenance to save a steady drain on their finances while they got on with their real game; the IMRP.
Yes "Polymetals clearly knew there was trouble ahead". Intec let them out because Intec now controls 100% of the mill. Yes "Only last quarter they spent money on improvments to it." and these will still be there when the mill is restarted.
Unfortunately the economics of the IMRP are still to be announced. Now the closing of the mill announcement was not the expected announcement in Aug.
"Where is the "significant pre financing announcement" due in Aug?" Still coming.
The main game is still being played out.
Cheers.
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Hi Mango,
I`m certainly not holding my breath for any news on that front now, although if it comes the sp could go nuts from this level. They are being very tight lipped at the moment.
Who's to say the latest **** up wasn`t tied in somehow with the IMRP? They have danced around direct questions......................
"no forward looking statements"...indeed! only when it suits :bs:
I'm curious to know who they were dealing with though
Hi Spooly74.
Yes they are being very tight lipped. Absolutely no leaks. Really just the way it should be until news is released to the market.
The latest share price fall was because some supplier did not want to supply ore to augment the tailings feed. Read Intec's Q&A last entry of today.
The share price drop is not related to any news about the IMRP; it is all related to the mill closing; and panic.
Cheers.
Yes they are being very tight lipped. Absolutely no leaks. Really just the way it should be until news is released to the market.
The latest share price fall was because some supplier did not want to supply ore to augment the tailings feed. Read Intec's Q&A last entry of today.
The share price drop is not related to any news about the IMRP; it is all related to the mill closing; and panic.
Cheers.
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I'm still holding was it a smart thing to do? Obviously not!! have I learn't anything?? I certainly hope so!!!!
I could sell 100,000 but I'd only get $1500, I could sell all 250,000 but I'd only get a bit over $3.5K If I'd sold at 12c when I thought it was headed for 9 (as I really couldn't see anything stopping it) I could have had the cash sitting waiting for a turnaround... hell I might even have bought a couple of hundred thousand at 1.4c... but with an average buy price of 9.2c and sitting on a loss of nearly 20K at this point it is too late to do anything but sit back and hope that the reason I invested (should that be gambled) in the first place was sound, and hope that the company manages to get some finance to build the plant that us diehard supporters have been waiting for. Hell if it comes off, and the sp starts to rise, I'll buy more on the way up provided it keeps climbing. At present though, I wouldn't advise anyone to buy unless they are taking a pure punt.
I still believe in the tech, kick myself for not selling when even I was saying that there was no value being placed in the tech, and it was zinc linked, and dropping, and hope that by some means they manage to get the tech off the ground and big players interested.
I've put more into INL than any other company, based on the belief that the technology is a winner, and that management was switched on, I think that the management have made some good moves, but it seems that they have also made some pretty bad ones.... Hedging is mentioned a lot. They wouldn't have been able to get it at the begining, due to lack of a production record, but surely they could have done some hedging once they had shipped a few shipments.... I guess they wanted to secure a buyer rather than a price... 20/20 hindsight.
I think in general I have said in my posts that INL was for the contrarian, well it has been more contrary than I would ever have imagined.... sigh....
One to chalk up to experience!!! and is possibly going to be one to offset future gains for some time
Tony.
was it a smart thing to do? Obviously not!! have I learn't anything?? I certainly hope so!!!! I could sell 100,000 but I'd only get $1500, I could sell all 250,000 but I'd only get a bit over $3.5K If I'd sold at 12c when I thought it was headed for 9 (as I really couldn't see anything stopping it) I could have had the cash sitting waiting for a turnaround... hell I might even have bought a couple of hundred thousand at 1.4c... but with an average buy price of 9.2c and sitting on a loss of nearly 20K at this point it is too late to do anything but sit back and hope that the reason I invested (should that be gambled) in the first place was sound, and hope that the company manages to get some finance to build the plant that us diehard supporters have been waiting for. Hell if it comes off, and the sp starts to rise, I'll buy more on the way up provided it keeps climbing. At present though, I wouldn't advise anyone to buy unless they are taking a pure punt.
I still believe in the tech, kick myself for not selling when even I was saying that there was no value being placed in the tech, and it was zinc linked, and dropping, and hope that by some means they manage to get the tech off the ground and big players interested.
I've put more into INL than any other company, based on the belief that the technology is a winner, and that management was switched on, I think that the management have made some good moves, but it seems that they have also made some pretty bad ones.... Hedging is mentioned a lot. They wouldn't have been able to get it at the begining, due to lack of a production record, but surely they could have done some hedging once they had shipped a few shipments.... I guess they wanted to secure a buyer rather than a price... 20/20 hindsight.
I think in general I have said in my posts that INL was for the contrarian, well it has been more contrary than I would ever have imagined.... sigh....
One to chalk up to experience!!! and is possibly going to be one to offset future gains for some time
Tony.
I'm still holding
I could sell 100,000 but I'd only get $1500, I could sell all 250,000 but I'd only get a bit over $3.5K If I'd sold at 12c when I thought it was headed for 9 (as I really couldn't see anything stopping it) I could have had the cash sitting waiting for a turnaround... hell I might even have bought a couple of hundred thousand at 1.4c... but with an average buy price of 9.2c and sitting on a loss of nearly 20K at this point it is too late to do anything but sit back and hope that the reason I invested (should that be gambled) in the first place was sound, and hope that the company manages to get some finance to build the plant that us diehard supporters have been waiting for. Hell if it comes off, and the sp starts to rise, I'll buy more on the way up provided it keeps climbing. At present though, I wouldn't advise anyone to buy unless they are taking a pure punt.
I still believe in the tech, kick myself for not selling when even I was saying that there was no value being placed in the tech, and it was zinc linked, and dropping, and hope that by some means they manage to get the tech off the ground and big players interested.
I've put more into INL than any other company, based on the belief that the technology is a winner, and that management was switched on, I think that the management have made some good moves, but it seems that they have also made some pretty bad ones.... Hedging is mentioned a lot. They wouldn't have been able to get it at the begining, due to lack of a production record, but surely they could have done some hedging once they had shipped a few shipments.... I guess they wanted to secure a buyer rather than a price... 20/20 hindsight.
I think in general I have said in my posts that INL was for the contrarian, well it has been more contrary than I would ever have imagined.... sigh....
One to chalk up to experience!!! and is possibly going to be one to offset future gains for some time
Tony.
Well said Tony. If it makes you feel any better, I got in at 27c and topped up at 22c, so you can imagine how I feel. So yes, we sit back and put our faith in management, that crazily enough, i believe are pretty good.
Hindsight in this game would make you extremely rich.
Mango,
I know you've been a fairly stuanch supporter of INL, have probably contributed a lot to their Q&A forum and undoubtedly know much more about the company than myself.
However, I'm not budging from my position that these guys were essentially a Research and Development company, not a Mining comapny. This would have been a great project as a privately funded research program, but not as a publically funded company. There isn't really time to look at developing novel new extraction techniques in the middle of a metals cycle, a lot of companies other than INL, will also have misssed the boat and been caught with their pants down due to the plummeting base metals prices.
This isn't to say there isn't some intrinsic value in their patented extraction techniques, but they obviously needed to do a hell of a lot more work to get it over the line and convince the market that it would actually work at an industrial scale.
jman
Hi Jman.
Been a few days since I visited this Forum so I missed your reply.
You are correct I am a staunch supporter of Intec.
You are correct in saying that "these guys were essentially a Research and Development company, not a Mining company." Really you can leave out the word "essentially" as they recognize themselves as only a R&D company. However this was started as a "privately funded research program" and then went public for cash and Developmental Grants.
Intec itself has never claimed to be a mining company and left that side of things to Polymetals. The mining side conducted by Polymetals provided unexpected cash flow and allowed Intec to pursue its research. They really did not decide to develop their "novel new extraction techniques in the middle of a metals cycle". They were already deep into the project and just continued on while the cash flowed into the revenue.
Your comment "This isn't to say there isn't some intrinsic value in their patented extraction techniques, but they obviously needed to do a hell of a lot more work to get it over the line and convince the market that it would actually work at an industrial scale" is correct. Hopefully they are there now but to obtain backing for a $75-$100 million plant in this troubled time will be a extraordinary challenge.
No mining company likes to be first to try a method; everyone will line up to be second when it is shown to work.
Because no figures have yet been released as to the economics of the proposed plant every thing is in limbo as far as the Market is concerned.
Cheers.
Been a few days since I visited this Forum so I missed your reply.
You are correct I am a staunch supporter of Intec.
You are correct in saying that "these guys were essentially a Research and Development company, not a Mining company." Really you can leave out the word "essentially" as they recognize themselves as only a R&D company. However this was started as a "privately funded research program" and then went public for cash and Developmental Grants.
Intec itself has never claimed to be a mining company and left that side of things to Polymetals. The mining side conducted by Polymetals provided unexpected cash flow and allowed Intec to pursue its research. They really did not decide to develop their "novel new extraction techniques in the middle of a metals cycle". They were already deep into the project and just continued on while the cash flowed into the revenue.
Your comment "This isn't to say there isn't some intrinsic value in their patented extraction techniques, but they obviously needed to do a hell of a lot more work to get it over the line and convince the market that it would actually work at an industrial scale" is correct. Hopefully they are there now but to obtain backing for a $75-$100 million plant in this troubled time will be a extraordinary challenge.
No mining company likes to be first to try a method; everyone will line up to be second when it is shown to work.
Because no figures have yet been released as to the economics of the proposed plant every thing is in limbo as far as the Market is concerned.
Cheers.
rub92me
Don't look back
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Looks like the faithful INL holders have fainted from the good announcement and jump in the shareprice. C'mon guys, I know it's still a big mountain to climb to buck the trend, but today it's time to celebrate! P.s. I was awfully tempted to jump in at the open, but chickened out.
P.s. I was awfully tempted to jump in at the open, but chickened out. If you look at the trend in this company over the years it looks very positive that this share will go back up, even an analyst on eTrade has it as a strong buy.
In 2003 the s/p was as low as 4.1c then 17.5c by 01/2004
In 2005 the s/p was as low as 5.2c then 31c by 12/2006
Now at 2.9c it could be a very attractive outcome in the future in my opinion.
DYOR
Marc
In 2003 the s/p was as low as 4.1c then 17.5c by 01/2004
In 2005 the s/p was as low as 5.2c then 31c by 12/2006
Now at 2.9c it could be a very attractive outcome in the future in my opinion.
DYOR
Marc
rub92me
Don't look back
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I don't want to put a jinx on it, but it looks like a bit of a turnaround story in the making for this one. I really hope for holders that this deal with the mysterious third party in a foreign country comes through and that it is as big as anticipated.
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