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The BSM results haven't given INL the boost I would have expected. This was good news for INL! :confused:

Looks like it's lost some momentum here. On the way down. Support between $0.17 and 0.16 by the look of it. I'll probably top up at those levels but would be a seller below $0.16 for short term and wait for upward momentum again.
 

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directors have very little idea of how to promote their own company. This was a significant announcement yet INL management didn't grasp the chance. It is very strange behaviour, especially when some companies make an announcemnt when a cockroach runs across the floor. :mad:
 
Invia Custodian sold 15.242,720 INL shares in the first 3 weeks of november, Invia,cust.pty.represents CIBC global markets and entered INL in april 2006 paying 10c a share This may explain why buyers were skittish when INL is on the brink of production and the price remained stagnant. Incidently Invia was INL,s 5th largest holder, but now only holds 41,000 shares. Posted this on another site but it is of interest no doubt . Also I spoke to md re lack of ann regarding BSM selling ore at hellyer gate his answer was no agreement in place as yet. Cheers VIN
 
The reason why, is because they made 100% on their investment, And this sought of investment is chicken feed to them why they sold on the market is beyond me, but I guess a junior might have sold on an alert. There certainly is no problem at the pointy end .Cheers
 
Dredging new life from dam
By KATH UZIALLO


THE North-West's mining boom continues, with a new venture at the old Hellyer Mine site commencing 24-hour operations last week and set to extract up to $50million of zinc per year .

The Hellyer Zinc Concentrate Joint Venture, operated by mainland companies Polymetals Ltd and Intec Ltd, is using a dredging process to recover zinc from old mine tailings.


The Hellyer mine, an hour south of Burnie, began operations in 1989 and closed in 2000 after ore supplies were exhausted.


Polymetals Hellyer Ltd general manager Andrew Platts said the venture had provided about 40 new jobs, with about two-thirds of the workforce having been employed at the Hellyer mine before it closed.


He said local construction workers were also employed earlier this year to refurbish the mill and build a new pump station and storage tanks.


Mr Platts said the venture was taking advantage of the world- wide demand for zinc and would operate for two to six years, depending on economic factors.


He said about 1.5million tonnes of fine tailings, containing 2.5percent zinc, would be dredged each year from the dam and pumped to the mill.


At the mill, the tailings would be reground and a flotation process used to recover mineral concentrate of 40percent zinc, 12percent lead and 220gramspertonne of silver.


"We aim to produce around 63,000 tonnes of this concentrate per annum. It will be trucked to Burnie Port and then shipped to Chinese smelter customers who will recover the respective metals."


Mr Platts said the value of the concentrate would be between $40million and $50million before operating costs.
 
zombie_ninja said:
Anyone has any idea w.r.t the low volume for the last couple of days?
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Lost the day traders. Invertors hanging on for the potential. Next ann should create interest. Will be one before the end of the year in regard to the JV and in Jan IRT the demo plant FS.
 
johnmwu3 said:
Dredging new life from dam
By KATH UZIALLO


THE North-West's mining boom continues, with a new venture at the old Hellyer Mine site commencing 24-hour operations last week and set to extract up to $50million of zinc per year .

The Hellyer Zinc Concentrate Joint Venture, operated by mainland companies Polymetals Ltd and Intec Ltd, is using a dredging process to recover zinc from old mine tailings.


The Hellyer mine, an hour south of Burnie, began operations in 1989 and closed in 2000 after ore supplies were exhausted.


Polymetals Hellyer Ltd general manager Andrew Platts said the venture had provided about 40 new jobs, with about two-thirds of the workforce having been employed at the Hellyer mine before it closed.


He said local construction workers were also employed earlier this year to refurbish the mill and build a new pump station and storage tanks.


Mr Platts said the venture was taking advantage of the world- wide demand for zinc and would operate for two to six years, depending on economic factors.


He said about 1.5million tonnes of fine tailings, containing 2.5percent zinc, would be dredged each year from the dam and pumped to the mill.


At the mill, the tailings would be reground and a flotation process used to recover mineral concentrate of 40percent zinc, 12percent lead and 220gramspertonne of silver.


"We aim to produce around 63,000 tonnes of this concentrate per annum. It will be trucked to Burnie Port and then shipped to Chinese smelter customers who will recover the respective metals."


Mr Platts said the value of the concentrate would be between $40million and $50million before operating costs.
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Notice who has done that interview? Polymetals.
Phillip Wood and Co. nowhere in site.
 
nizar said:
I swear if Intel was listed on ASX its code would be INL! :D
Zinc producer yeh right! :p:
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If you have a problem with the company name Nizar and you are a shareholder you should contact the company. The more emails or phone calls they receive about it the better. I know of at least 10 shareholders who have done the same so far. I believe they are considering a name change.
 
Caliente said:
i would also be in agreeance with a name change. Any sample emails floating around out there? :D
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I have expressed my concerns over the phone as I believe that is always the best way to do it and its a little harder for directors to avoid.
 
Along with a few others INL looks set for a good start to the week. Perhaps will take out this resistance at $0.195...
 

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INL a shining green light :D in a sea of red :mad: . For the minute. Still finding $0.195 difficuly to shake. Might need ann to get through.....
 
According to my readings of Weinstein, INL's position right at the moment is a classic pullback after the breakout and he regards this pullback as the ideal time to buy. Do others see this as the pullback period?

Novski
 
Novski said:
According to my readings of Weinstein, INL's position right at the moment is a classic pullback after the breakout and he regards this pullback as the ideal time to buy. Do others see this as the pullback period?

Novski
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I would define it as consolidation, in an uptrend. I wouldn't buy more until it show's a continuation of the uptrend. Probably a break through $0.20/21 ish.
 
kennas said:
I would define it as consolidation, in an uptrend. I wouldn't buy more until it show's a continuation of the uptrend. Probably a break through $0.20/21 ish.
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Agree wholly.
 

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