JRV - Jervois Mining

[SLWK]

JRV, Jervois mining, has spiked again. Today it end up 45% from yesterday's price. At one point during the day, it climbed over 70% from yesterday's price.

What's more, a few days ago, it spiked over 100% from its preceding day's price.

Apparently, they have announced a favourable nickle discovery.

http://au.finance.yahoo.com/q?s=JRV.AX&d=c&t=5d&l=on&z=b&q=l

[SLWK]

JRV jumped again today. Over 35% gain.

[Stockcaddy]

yep and if you didn't see i posted it at lunch today ;)

[tech/a]

Yeh found it on the 2/12/04

http://www.reefcap.com/ubb/Forum48/HTML/000024.html

Havent bought any though!!

Why.

Slack! :dunno:

tech

[Tric]

I don't hold shares in jervois, wish I did but am looking...(wish I had looked closer yest but that's the way it goes)

what a couple of days...2,000,000 shares bought at .04 before close.

Is it just the recent press release driving it?
I think Nickel is a major comp of stainless steel, so with the stainless steel trend, could this be relevant...
Any thought?

[Tric]

No... no, no. Becareful.
glad I'm not in on this one.
IMHO, not a gen rise, but still incredible gain if you get the positive action, poor traders who were sucked in unawares and lost.
Amazing manipulation on this one.
Rehashed old ann???

[tech/a]

Called it 30 mins before open on the reversal day on the link above.

You wouldnt have been caught had you known what you were doing.

Manipulation ---hohohoho.

Fear and Greed pure and simple.
The initial announcement had a bit to do with it as well.

[Tric]

agree...
"You wouldnt have been caught had you known what you were doing"

[krisbarry]

I have bought some and will continue to buy more....potential!

[darwin dick]

I have stock have had for 11 months, I think stock going up because of leeching method! I will hang on for rough ride.

[tech/a]

Yes thats correct DD.

[cullen01]

Yes be very carefull of JRV. I thikn there is board level manipulation at play here.

[amohonour]

Have been looking at JRV but there seems to be mixed feelings, some not so good. Any thoughts on this stock?

[TheProphet]

Recent recommendations have picked this stock as the one to watch this financial year. Waiting for the annoucement re: new drilling programs at Nyngan to come in early next week.

Target of $25-30cps seems viable?

Any ideas/comments?

[Porper]

Recent recommendations have picked this stock as the one to watch this financial year. Waiting for the annoucement re: new drilling programs at Nyngan to come in early next week.

Target of $25-30cps seems viable?

Any ideas/comments?

Current price is just over 0.02, so can you tell us why you think the share price can get to 0.25-0.30 ?

I would be very interested in your calculations Prophet, you obviously have done lots of research to make such a prediction.My personal opinion is that it is a classic pump and dump stock, maybe I am wrong, but you asked for opinions, this is mine. :D

[Archinos]

Anyone following this one? They presented a run down on their 'new approach' to chloride leaching of nickel laterites at a conference yesterday (ALTA Nickel conference, Perth). The paper is on their web site but as yet has not been released to the ASX. Curious. There's a note towards the end that they have decided to commission a mini-pilot test plant towards the end of the year. I would have thought that this would be news worthy (considering they've got approx $39 billion in low grade nickel, apart from everything else). What gives?

[falcon55]

Up 66% today.

I got in half way but couldn't get out at the end at the price I wanted.

Fingers crossed for everything on monday.

[Wysiwyg]

No... no, no. Becareful.
glad I'm not in on this one.
IMHO, not a gen rise, but still incredible gain if you get the positive action, poor traders who were sucked in unawares and lost.
Amazing manipulation on this one.
Rehashed old ann???

Fantastic!

[Sweet Synergy]

This moved up a masive 66% today on ann. Results sound very impressive, anyone got any idea if these airbourne studies usually relate to successful drilling results? or is this just an over-reaction and a pump n dump???!
Good luck to those still holding! Thanks in advance

Part of todays ann
JERVOIS MINING LIMITED/NEW AGE EXPLORATION LIMITED JOINT VENTURE
"1. Uranium Exploration Licences, WA
Documentation has just been received for the granting of the first Exploration Licence in
the joint venture. Exploration Licence 59/1264 at Nalbarra (see plan) was granted on 9th
January 2007 for a period of 5 years.
Two further licences, EL77/1332 and EL/77/1333, at Lake Barlee have passed through the
advertising stage, the GST has been paid and they are expected to be granted within a
week.
A study was commissioned to research the airborne radiometric data that cover the
Exploration Licence areas. The most recent airborne data were collected in 1997 for the
Barlee and Lake Giles areas and in 2004 for the Nalbarra area. Thus the data for these
areas are modern.
The accompanying plan shows the uranium response filtered out of the airborne
radiometric survey over the Nalbarra Exploration Licences (note EL59/1257 is still in the
advertising stage and has not yet been granted). The report states:
“In the Exploration Licence areas the highest uranium response is within E59/1264 in the
Mongers Lake drainage, centred at 6815500N, 534000E, one kilometre west of
Burnerbinmah Homestead. The zone extends over a length of 2.5 kilometres to the
southern boundary of E59/1264 with very high to high anomalous uranium values. Low
potassium and thorium responses from these areas confirm that the uranium responses
are from the Cainozoic alluvial material and not buried Archean granitic rocks covered by
the alluvium.”
The report considers this area to be an outstanding target due to the radiometric response
and favourable geological environment.

Drilling may be delayed until March/April due to the recent cyclonic weather experienced in Western Australia. Programmes and budgets for the Exploration Licences will be formulated by 31 January"

[Halba]

Airborne results = give a picture of possible at surface uranium.

Other than that give no indication of economic minerals.

[Stop_the_clock]

With over 1.2 billion shares on issue :eek: , its going to take an awful lot of uranium to move this baby, IMO.

[Halba]

1.2billion shares

last sale price is 1.5cents

that makes it capitalised at nearly 20 mil, and it holds only 40% of the tenements

that means the mkt is capitalising the value at over 50million. I don't see many u companies with just a tenement(and no drilling, no other info) worth 50million today

they didn't even give us a picture of the anomaly either

sounds suss to me

back to 0.6cents this dog goes

[skint]

1.2billion shares

last sale price is 1.5cents

that makes it capitalised at nearly 20 mil, and it holds only 40% of the tenements

that means the mkt is capitalising the value at over 50million. I don't see many u companies with just a tenement(and no drilling, no other info) worth 50million today

they didn't even give us a picture of the anomaly either

sounds suss to me

back to 0.6cents this dog goes
They're also trying to place another 314 000 000 shares that they weren't able to have taken up in the last placement (plus a stack of options)

[GrahamMac]

I bought into Jervois a while ago, not for their WA uranium prospects that will still have to overcome Labor's 'three mines' uranium policy even if the stuff is found in commercial quantities. I bought into Jervois as their large sub-commercial nickel deposits near Young in NSW may become quite valuable if they can crack the riddle of hydrochloric acid recovery thereby converting sub-commercial ore into commercial ore. As my old mother often used to say: "Don't give up before the miracle happens." I was hoping innovative acid recycling would provide that miracle, but if uranium makes me filthy rich and nickel only stinking rich two years hence, I won't complain.

[falcon55]

what price did you get in at if you dont mind me asking?

[GrahamMac]

I bought into Jervois twice and the average cost (including brokerage) was 1.36 cents. If uranium fever hasn't pushed them skywards, I may buy some more on Monday (for their nickel prospects) but only if my full-service broker can see no traps for young players. But which ever way the cat jumps, I won't be a partial seller until at least 2008. As my old mother used to say 'Let time be the treasure!"

[GrahamMac]

Since Jervois was available this morning (Monday 22 January) at a reasonable price, so I bought some more - taking my average purchase price (if I exerise some 1 cent options later this year) to 1.41 cents - very close to their ASX price a few minutes ago. From now on in, I'll wait to see what happens to their nickel ore processing trials in NSW (and their uranium drilling program in WA) before making any decisions.

[Sweet Synergy]

A nice little pennant has formed with volume confirming possible breakout. Closed with market depth looking promising. (daily chart below)

[aberfan]

I have read a great deal about jervois, chequered history, massive turnover, any comments?

[Atomic5]

Recent recommendations have picked this stock as the one to watch this financial year. Waiting for the annoucement re: new drilling programs at Nyngan to come in early next week.

Target of $25-30cps seems viable?

Any ideas/comments?


Recommendations? Who from - any investment /equity firms?

There's been some nice sp growth since late December, almost 400%.

[Atomic5]

Is everyone ignoring this, cos the buy stack seems to be saying otherwise.
:)

[champ2003]

Recommendations? Who from - any investment /equity firms?

There's been some nice sp growth since late December, almost 400%.

Its actually gone up 100% not 400% but thats still a good rise.

Cheers!

Champ

[Atomic5]

Its actually gone up 100% not 400% but thats still a good rise.

Cheers!

Champ

Thought the last quarterly activities report interesting reading. Cannot seem to assess as to how much of the massive Young nickel deposit they may be sitting on, .....

[marklar]

From now on in, I'll wait to see what happens to their nickel ore processing trials in NSW (and their uranium drilling program in WA) before making any decisions.
Interesting to note that ASF's darling little stock INL has been buying up JRV shares in the past few months... oh and today's chart looks pretty nice too.

m.

[resourceboom]

Interesting to note that ASF's darling little stock INL has been buying up JRV shares in the past few months... oh and today's chart looks pretty nice too.

m.

I wonder if INL are going to keep purchasing?
I might pick myself up a little parcel of both on monday!!

[nioka]

Its actually gone up 100% not 400% but thats still a good rise.

Cheers!

Champ
Selling at .5c mid Jan to 2.1c Friday seems close to 400% to me ???

[resourceboom]

wow, this is crazy, now up to .037

[YOUNG_TRADER]

With over 2Billion shares fully dilluted (including 1c and 2c unlisted options) Mkt Cap is $70m at 3.5c!

Congrats to those who made a ton on this!

[canaussieuck]

Interesting to note that ASF's darling little stock INL has been buying up JRV shares in the past few months... oh and today's chart looks pretty nice too.

m.

Well done for noticing this MarkLar.

Cheers,

[Atomic5]

Wish Id bought more :rolleyes:

[Atomic5]

Hello

4c

[marklar]

Wish Id bought more :rolleyes:
I wish I'd bought some!

m.

[champ2003]

Selling at .5c mid Jan to 2.1c Friday seems close to 400% to me ???

It's not been below .009cents but yes I'm pretty happy with the nice little profit after getting in at .016c.

Cheers!

Champ
:D

[crazyjimsmith]

They have a nickel laterite project in Young that has a JORC of 280 mill tonnes nickel at 0.58% cut off.

Intec is buying up and I think they want it for this project as I suspect they will use their technology to get the nickel out.

Current value of the contained nickel in the ground is $60 billion!

[Gundini]

So what do you think is on Intecs mind?

Buy up 10% of JRV stock, so they can benifit from any SP rise once they approach the company.

Tell JRV that they have the process to get all the Nickel out.

Do a deal for half the profits.

Tell the ASX of the new joint venture.

Share price of both companys spike.

Win, Win for all involved!

This is just speculation, but how else can you read this given the estimated $60 Bil of Nickel in the ground. Sounds like a nice time to buy, especially after the pullback today. Mmmmm.... Thoughts?

[greggy]

They have a nickel laterite project in Young that has a JORC of 280 mill tonnes nickel at 0.58% cut off.

Intec is buying up and I think they want it for this project as I suspect they will use their technology to get the nickel out.

Current value of the contained nickel in the ground is $60 billion!
This is all true Crazy Jim Smith, but its share price has gone up a lot over the last few days. By the way how is your forum going seeing that you now charge $120 pa for it? Considering that the ASF one is free of charge makes it a bargain.
DYOR

[Atomic5]

That news is kind of old. :screwy:

[Dave31]

JRV in pre-open?

[Atomic5]

Re: Announcment.

That would be the worse announcement - 1/2 year report that I have ever seen. It's positively dismal.

I consistently get the feeling that the JRV Board are not happy about the attention they are getting from INL ie: possible takeover - as they are not embellishing it at all.

Mmmmmmaybe JRV will agree to a joint venture with them, but they seem to have their sites set on the Chinese MOU instead to provide those means. I get the feeling that JRV will want to keep calling the shots.

This might turn hostile at the meeting scheduled on the 8th March.

Just MHO - Please DYOR

[Sodapop]

Or it could mean that the companys prospects are "positively dismal"... Just suggesting a possibility - Plenty of paper - and the only wealth created seems to be that of the directors...

Good luck to all holders - but after watching and participating in JRV over the years i am eminently cynical about these fellas... Not saying it won't work out... but be aware of where this company has come from... Now they tell us all of a sudden that the Scandium won't work out (when as far as i can remember they were full steam ahead last year - correct me if i am wrong)...

[greggy]

Re: Announcment.

That would be the worse announcement - 1/2 year report that I have ever seen. It's positively dismal.

I consistently get the feeling that the JRV Board are not happy about the attention they are getting from INL ie: possible takeover - as they are not embellishing it at all.

Mmmmmmaybe JRV will agree to a joint venture with them, but they seem to have their sites set on the Chinese MOU instead to provide those means. I get the feeling that JRV will want to keep calling the shots.

This might turn hostile at the meeting scheduled on the 8th March.

Just MHO - Please DYOR
JRV need help with their PR.
DYOR

[Atomic5]

Or it could mean that the companys prospects are "positively dismal"... Just suggesting a possibility - Plenty of paper - and the only wealth created seems to be that of the directors...

Good luck to all holders - but after watching and participating in JRV over the years i am eminently cynical about these fellas... Not saying it won't work out... but be aware of where this company has come from... Now they tell us all of a sudden that the Scandium won't work out (when as far as i can remember they were full steam ahead last year - correct me if i am wrong)...

This is a "don't buy us we're useless" report. If INTEC were the Chinese he'd be putting on a different face.

I get the feeling Pursell is afraid he's going to lose his company. He's keeping a public daily eye on the encroach by INTEC by publishing the top shareholder list daily for 5 days running.

Come meeting on the 8th, there may be a fight if JRV dont want to collaborate with INTEC, but INTEC might not want to leave that resource in the hands of JRV and neither might recent shareholders.

Just MHO - Please DYOR

[kennas]

Golly. I've just had a squiz at their report (holding INL) and you guys are right. Really strange report. Perhaps they were short for time. Or maybe the work experience kid wrote it.... :confused:

[Atomic5]

Yeah, and compare that with INTECs most recent Hellyer report. Bright company INL.

I hope INL does a takeover if JRV will not submit to a Joint Venture, and does good things with the vast Nickel resource. That JRV report was very very shoddy. They even forgotten to tell us about the Uranium grab sampling & drill plan planned for the end of February 2007.

Next Fridays meeting (March 9) shall see.

ASX ANNOUNCEMENT 27th February 2007
Recent Trading and Top 20
In response to a suggestion from ASX (Adelaide) and in view of the recent trading in
Jervois Mining Limited, it is proposed to release a Top 20 holders list for the next 5 trading
days (or longer if appropriate).
A meeting with the Intec Ltd board has been arranged for Friday 9th March 2007.
By Order of the Board,
DUNCAN C. PURSELL
MANAGING DIRECTOR

New members to the Top Shareholders list today include a company called Thinking Net ... and a Chinese gentleman or woman (reps?) at 10m shares each.

Shareholders were hoping for more shares bought by INL methinks. Australian shareholders are wierd.

IMHO - Please DYOR

[greggy]

Yeah, and compare that with INTECs most recent Hellyer report. Bright company INL.

I hope INL does a takeover if JRV will not submit to a Joint Venture, and does good things with the vast Nickel resource. That JRV report was very very shoddy. They even forgotten to tell us about the Uranium grab sampling & drill plan planned for the end of February 2007.

Next Fridays meeting (March 9) shall see.

ASX ANNOUNCEMENT 27th February 2007
Recent Trading and Top 20
In response to a suggestion from ASX (Adelaide) and in view of the recent trading in
Jervois Mining Limited, it is proposed to release a Top 20 holders list for the next 5 trading
days (or longer if appropriate).
A meeting with the Intec Ltd board has been arranged for Friday 9th March 2007.
By Order of the Board,
DUNCAN C. PURSELL
MANAGING DIRECTOR

New members to the Top Shareholders list today include a company called Thinking Net ... and a Chinese gentleman or woman (reps?) at 10m shares each.

Shareholders were hoping for more shares bought by INL methinks. Australian shareholders are wierd.

IMHO - Please DYOR
Hi Atomic5,

"Australian shareholders are weird" you write. I think you may have over generalised a fair bit there and your comments are pretty un-Australian. Where do you hail from?
DYOR

[Moneybags]

Golly. I've just had a squiz at their report (holding INL) and you guys are right. Really strange report. Perhaps they were short for time. Or maybe the work experience kid wrote it.... :confused:

Well I admit to being hopeless at understanding most mining announcements.........I hold INL and am following JRV with interest at the moment. I picked up a vibe from JRV announcement but couldn't be sure if it was just my interpretation. So thanks to those who have expressed their opinions on the subject........

Kennas.......love the last line of yours....... :)

MB

[wintermute]

I see what you guys mean ;) and I agree with Kennas' work experience comment ;) They need to take some lessons on not using passive language!!

bits of report with comments, note these comments aren't supposed to be downramping in nature, hopefully someone from the company will read and take it on board!!!!

Bullabulling South, WA
A ground magnetic survey yielded anomalous magnetic targets totally covered in alluvium/sand.
Should this be caused by ultramafic rocks, there is potential for both nickel sulphides and gold at
depth. 16.5 kilometres of Induced Polarisation (IP) survey was planned for early February 2007.
This technique can identify sulphides at depth.

OK fine so it was planned for Early Feb, what happened?? if it hasn't been done when will it be?? This just makes it sound like they can't meet goals. How about some comparisons to other geological precedents?? Do they have any geological expertise????

Young, NSW
Testwork and modelling continues to attempt to finalise a flowsheet. This will be followed by
confirmatory tests here in Australia and preliminary engineering studies. At some stage, a major joint
venture partner will be sought.

continues to attempt??? how about we are working towards a positive outcome!! progress made so far is blah..... At some stage?? how about we anticipate that this will take xyz time, we are already shortlisting potentially interested parties, for discussions of a potential JV (obviously they need to be doing this to report it, but if they aren't then WHY NOT!!!).

Forest Reefs Joint Venture, NSW
Newcrest Operations Limited (80%) reported the results of a diamond drill hole drilled to 606.4 metres.
The hole has been kept open for possible deepening.

OK so what were the results??? it must have been left open for a reason, so put some positive spin on it!!

Nyngan, NSW
The metallurgy of this resource is difficult and the company will continue its efforts to find a low cost
process route for the production of scandium oxide.

another comment that just oozes lack of confidence...

Uranium Exploration Joint Venture, WA
New Age Limited earning 60%
Five (5) Exploration Licences were applied for with potential for uranium discoveries. These were
expected to be granted in January/February 2007.


again were expected, so what happened!! once again this gives a very negative connotation. Almost like they don't care anymore, they are in a state of depression, because nothing is coming to fruition.

China Agent
Our China agent, Double Link Pty Ltd is actively seeking a major partner for the Young project in
China.

This from the point of view of an INL holder is the MOST encouraging part of the report IMO, if that major partner sees the potential in the Intec process, then they could well end up with funding for a plant, demo or otherwise.... I suspect that it is this chinese connection that prompted Intec to buy! If you have a look at when JRV announced about the Chinese developments, and when INL bought in, you will see what I mean ;)

To me this report looks like it has been produced by people who have just about given up, and are basically waiting for the administrators to come in, that's the tone as I read it. Even with the latest cap raising they seem to only have enough cash left for another 6 months of operation... The revenue may improve for the second half though extending that a bit.... Note that apart from a brief look at some announcements about their nickel process they are trying to develop, this is the only look I have had at JRV so without the full historical info this is an Opinion based on limited information.

Intec's entry and the search for a Chinese could be what the company needs to save it from the vultures...

Tony.

[explod]

The fundamentals of JRV, as indicated in previous threads, are indeed unclear. Actual flaws are not factually apparent either. We must appreciate that the administration of this concern spans a generation where in earlier years succinct teminology (e.g. such as "objective", "goal" or a "vision statement") did not exist.

From a technical perspective IMHO, to the close Friday night on the 12 month daily, I see the stock as a hold, and a close at .04 or above a buy with the next resistance at .045 (slight) and stronger towards .06. A break through the latter however could see a rise back to the old .20 area. If indeed Intec are onto something we may see the move towards .06 as the meeting on thursday aproaches. My view is thin and circumstancial but feeling this week is on the upside. I hold shares in JRV and this is my scant opinion. I would be interested in other views.

May wealth come to you all. Explod

[Gundini]

Got in at .029 this morn and think it is a good risk. I have made my thoughts clear regarding INL's 11% holding on it's thread. Irrespective of the outcome of the meeting, and taking in JRV's dismal report, they still have the infered resource, and they have come off alot since 4.1 cents last week. Can't see the downside risk IMO. Now, let's bring on this meeting!

DYOR

[explod]

Gundini, on the 27th Feb. you indicated that JRV had an inferred resource of $60 billion worth of nickel, would you be inferring against the shares issued that we may one day expect $3 per share, could this be the money tree ???

from Explod

may wealth come to you all

[Gundini]

They have a nickel laterite project in Young that has a JORC of 280 mill tonnes nickel at 0.58% cut off.

Intec is buying up and I think they want it for this project as I suspect they will use their technology to get the nickel out.

Current value of the contained nickel in the ground is $60 billion!

This was infered before me:


Gundini, on the 27th Feb. you indicated that JRV had an inferred resource of $60 billion worth of nickel, would you be inferring against the shares issued that we may one day expect $3 per share, could this be the money tree ???

from Explod

I would assume crazyjohnsmith did the correct current value of the infered resource, hence the $60 Billion. According to their website they have a total of 280 Million Tonnes at 0.58% cut off.

I am not infering this company could be the money tree, that to me seems too far off to predict with any certainty. I have purchased this "speckie" on the basis of Intecs interest, the pulback in JRV's share price, and the belief a joint venture between INL and JRV to mine and process the Nickel would appear benefitial to both companies.

I have been wrong before, and will be wrong again, so please DYOR with regard to this stock.

Meanwhile, I am happy to hold INL and JRV... ;)

[Gundini]

New Age Exploration Limited And Jervois Mining Limited Joint Venture Receive Uranium Exploration Lease

12 Feb 2007, 11:53 PM ET

Jervois Mining Limited announced that it has received confirmation that the fourth of five Exploration Licence Applications for uranium in Western Australia has been granted. Permit area E77/1345 covering an area of 7460 hectares at Lake Giles, 190 kilometres NW of Kalgoorlie, was granted for a 5 year term. The fifth area under application, now being considered, is expected to be granted within the next six weeks. E77/1345 is highly prospective for uranium and is known to contain a north flowing drainage pattern through Lake Giles into Lake Barlee

Maybe Intec wants to get on the U train?

[explod]

Thanks Gundini, was being a bit facetious, charts are my way but realise now the fundamentals are needed also. I am new to the technical of mining so appreciate your views. On the chart for todays close a break upwards is looking likely.

regards explod

may wealth come to you all

[greggy]

This was infered before me:



I would assume crazyjohnsmith did the correct current value of the infered resource, hence the $60 Billion. According to their website they have a total of 280 Million Tonnes at 0.58% cut off.

I am not infering this company could be the money tree, that to me seems too far off to predict with any certainty. I have purchased this "speckie" on the basis of Intecs interest, the pulback in JRV's share price, and the belief a joint venture between INL and JRV to mine and process the Nickel would appear benefitial to both companies.

I have been wrong before, and will be wrong again, so please DYOR with regard to this stock.

Meanwhile, I am happy to hold INL and JRV... ;)
Crazyjimsmith's news is old news indeed just like his forum ($120 pa). He gets most of his ideas from this forum which is the best one going around.
DYOR

[crazyjimsmith]

Crazyjimsmith's news is old news indeed just like his forum ($120 pa). He gets most of his ideas from this forum which is the best one going around.
DYOR

Greggy I got the info from the ASX. Something that everybody else can get as well.

Yeah this is a good forum but I also come accross lots of down ramping and attempts at manipulation among other things. Since I started charging $120 that doesn't happen on my forum. :D

This forum has lots of great info but I think this is the third time I have been here since the beginning of the year! :D

Have a nice life Greggy. :D

[crazyjimsmith]

This was infered before me:



I would assume crazyjohnsmith did the correct current value of the infered resource, hence the $60 Billion. According to their website they have a total of 280 Million Tonnes at 0.58% cut off.

I am not infering this company could be the money tree, that to me seems too far off to predict with any certainty. I have purchased this "speckie" on the basis of Intecs interest, the pulback in JRV's share price, and the belief a joint venture between INL and JRV to mine and process the Nickel would appear benefitial to both companies.

I have been wrong before, and will be wrong again, so please DYOR with regard to this stock.

Meanwhile, I am happy to hold INL and JRV... ;)

Yes guys I did the numbers from the data released from the company. Those calculations were in US and AUS$ they come in at $80 bill.

That may not mean anything if they can't get the nickel out of the ground economically but INL wouldn't be spending $8 mill buying 10% of JRV if they didn't have the means to get the nickel out of the ground.

I have know about JRV for a long time however it was INL's buying that caught my attention!

[nohooha]

Go Greggy!!! :)

[explod]

A GOOD DAY INDEED. I will give a further technical later in the evening

explod

May wealth come to you all

[explod]

The momentum of JRV in the closing hour today would indicate a close above .04 tomorrow. Examination of the 10 year chart indicates that the upper line of the down trend commencing around 1998 has been breached at about .025 and .03 cents. Resistance (ie. selling) will intensify around .06 where we would expect some consolidation. If this was to pan out then a rise back towards the old highs are possible. Just my scant and humble opinion.

regards explod

In fact I hope everyone becomes filthy rich, but one day at a time, this business is very risky, never put more than you can afford to lose on penny dreadfuls. I am not qualified to impart financial advice, be sceptical and DYOR.

[greggy]

Greggy I got the info from the ASX. Something that everybody else can get as well.

Yeah this is a good forum but I also come accross lots of down ramping and attempts at manipulation among other things. Since I started charging $120 that doesn't happen on my forum. :D

This forum has lots of great info but I think this is the third time I have been here since the beginning of the year! :D

Have a nice life Greggy. :D
Please don't knock this forum when its the best going around. Leave your conspiracy theories (ramping, manipulation etc) to your own expensive forum.

[Gundini]

The momentum of JRV in the closing hour today would indicate a close above .04 tomorrow. Examination of the 10 year chart indicates that the upper line of the down trend commencing around 1998 has been breached at about .025 and .03 cents. Resistance (ie. selling) will intensify around .06 where we would expect some consolidation. If this was to pan out then a rise back towards the old highs are possible. Just my scant and humble opinion.

Yes, all looks set for the meeting with INL...

Millions knocked off just before close, and a few Million after sales.

Let's see what unfolds!

[kennas]

Maybe pure speculation, but the volumes on this and the size of some of the parcels could indicate more INL buying. Perhaps they're going to make a full tilt at it, or have at least a very influencial stake. Although, I suppose they have that already. Whatever the case, INL have made a decent paper gain on their investment so far.

[explod]

My assumptions yesterday a bit off but would contend the uptrend still intact. Very intense changes to buying and selling behaviour, again some strenth at the end of the day. What do the fundamentals say ?

regards explod

may you all become wealthy

[Kauri]

Greggy I got the info from the ASX. Something that everybody else can get as well.

Yeah this is a good forum but I also come accross lots of down ramping and attempts at manipulation among other things. Since I started charging $120 that doesn't happen on my forum. :D

This forum has lots of great info but I think this is the third time I have been here since the beginning of the year!

No more mentions in The Australian paper lately then Crazy Jim Smith??



Jayne's tip drives the gravy train

Hedley Thomas
January 05, 2007
FIVE trading days ago someone who goes by the nickname of Jayne delivered a spectacular tip to one of the internet forums dedicated to Australian stocks and their fast-moving day traders.

Her brief post on www.crazyjimsmith.com shortly after the market opened on December 28 stated

I did some research last night on Goldsearch Ltd and feel that it's worth a look at. It's up over 8 per cent this morning and is currently drilling for uranium 6km away from the old Mary Kathleen uranium mine. When the day traders and stickybeaks saw Jayne's post, Goldsearch - the newest darling of the booming uranium exploration sector - was just under 5c a share. The options were under 2c - and Jayne claimed to have bought 200,000, which would have cost almost $4000. Twenty minutes later when Jayne made another contribution to the forum, Goldsearch shares and options were lifting off on high volume. "Anyone else getting on board?" Jayne wrote.

The program is targeting uranium mineralisation at the historic Elaine Dorothy prospect and at the recently identified McGregor target.

Goldsearch had started to rocket, attracting the hundreds of day traders who browse a handful of internet sites. News of Jayne's prescient post that morning was spreading like wildfire.

Some traders expressed scepticism, suspecting blatant ramping or a pump-and-dump, while others scrambled to get on board.

I hope your information is good Jayne because I just followed you! wrote Crazy Jim Smith.

Jayne replied: All my info is provided in good faith after hours of countless research. In this market, uranium is still the flavour of the month and that is the main reason for me to buy. Welcome aboard the GSE train.

Before lunch, Crazy Jim Smith was seeing a significant profit on his own investment. He was getting premonitions of $1. But minutes later, Jayne was jumping.

[greggy]

No more mentions in The Australian paper lately then Crazy Jim Smith??


Hi Kauri,

You hit the nail on the head. Crazyjimsmith should look into his own backyard before criticising others. Crazyjimsmith certainly lives by his name. As I've said before ASF is the best going around and is free.

[Brissydave]

OK Guys and Gals ....

I know Crazy personally so I got a good laugh out of the above posts ... for several reasons.

First Greggy .... this was your first post on the INL thread, and sadly they have not improved.

27th-February-2007, 02:13 PM
greggy Join Date: Apr 2006
Posts: 633

Re: JRV - Jervois Mining

--------------------------------------------------------------------------------



Originally Posted by crazyjimsmith
They have a nickel laterite project in Young that has a JORC of 280 mill tonnes nickel at 0.58% cut off.

Intec is buying up and I think they want it for this project as I suspect they will use their technology to get the nickel out.

Current value of the contained nickel in the ground is $60 billion!


This is all true Crazy Jim Smith, but its share price has gone up a lot over the last few days. By the way how is your forum going seeing that you now charge $120 pa for it? Considering that the ASF one is free of charge makes it a bargain.
DYOR


I have scrolled back through the INL posts and all you do is either have ago at Crazy Jim or Atomic 5, you even suggest that Atomic 5 is un-Australian ...

3rd-March-2007 09:50 AM
greggy

Originally Posted by Atomic5
Yeah, and compare that with INTECs most recent Hellyer report. Bright company INL.

I hope INL does a takeover if JRV will not submit to a Joint Venture, and does good things with the vast Nickel resource. That JRV report was very very shoddy. They even forgotten to tell us about the Uranium grab sampling & drill plan planned for the end of February 2007.

Next Fridays meeting (March 9) shall see.

ASX ANNOUNCEMENT 27th February 2007
Recent Trading and Top 20
In response to a suggestion from ASX (Adelaide) and in view of the recent trading in
Jervois Mining Limited, it is proposed to release a Top 20 holders list for the next 5 trading
days (or longer if appropriate).
A meeting with the Intec Ltd board has been arranged for Friday 9th March 2007.
By Order of the Board,
DUNCAN C. PURSELL
MANAGING DIRECTOR

New members to the Top Shareholders list today include a company called Thinking Net ... and a Chinese gentleman or woman (reps?) at 10m shares each.

Shareholders were hoping for more shares bought by INL methinks. Australian shareholders are wierd.

IMHO - Please DYOR


Hi Atomic5,

"Australian shareholders are weird" you write. I think you may have over generalised a fair bit there and your comments are pretty un-Australian. Where do you hail from?
DYOR
Can you not think of any constructive information to post on the subject of INL ....


And Kauri ... As an owner of a stock forum I would think that Jim would be well aware of the use by "the unscrupulous" to ramp and manipulate a stock with incorrect information and exaggeration .... geez it even happened on his forum ... wow ... and it even got in the papers. His forum was free then, and I can tell you he did not like what was happening, either.

As you highlighted - in red - Jim says that since he started charging it doesn't happen anymore ... his forum members seem pretty happy about this too.

Enough said ... ????

Now INL is the topic not another forum ... OK

I am so looking forward to tomorrows meeting, I wish I was able to attend myself ... since the correction started ... I have taken advantage of the dips to strengthen my position on INL, more than doubling my holding.

I have read the update to the INL website, including the very good section on processing Nickel Laterite deposits, like the one JRV is sitting on. OK it is a long time since I studied chemistry but I can see INL's point in using Sulphuric acid, enabling the use of a Chloride based metallic salt in the process ... NaCl ... yes that is good old "cheap as chips"... SALT ... which is just about a by product of desalination plants these days, so INL might get paid to use it ... LOL ...

Cheers ... Dave

PS. Got that guys ??? INL is the topic !!!!

[kennas]

Everyone, please, can anything that is remotely like a personal attack be stopped in this thread.

Let's leave the forum for objective discussion of stocks.

Thanks.

[Gundini]

Oh Dear, silly me, thought there was going to be something new about JRV... :(

[Brissydave]

OOOPs .... JRV is the topic ... I was so annoyed by personal attacks I got the stock wrong ... JRV is the topic

And the meeting is tomorrow ... and I would still like to be there ..

JRV's Nickel Laterite deposit can be mined using INL's technology ... D'oh ..

And JRV's new find (fingers crossed) is Nickel Sulphide ... which is a standard processing job ... so if the deposit proves up, there are no requirements for exotic processing plants or techniques.

Cheers ... Dave

PS ... Holding

[explod]

Have had a closer look at JRV overnight. From where my data begins, around 1988/89 it has traded within a sideways channel for 7 years of that period at between .025 and .05 cents which is an average very close to the current price. An unbroken part of that range was a five years period from 98 to 03. I would suggest that this accumulation, if you like, is huge and will take some breaking through. The very high volume of the last month or so will have established considerable support near the current price and my feeling is that resistance must be thinning now on the same basis. Can the meeting today do it ???

Regards explod

May wealth come to you all

[marklar]

I finally found an entry point I like (it fits my still developing trading plan), and some "spare" cash to get in (I can survive until I get paid). I like what's transpired with the correction going on and I like the chatter about INL's involvement.

m.

[Techbuy]

Discussions Between Intec Ltd and Jervois Mining Ltd
Directors of Intec Ltd (ASX code: INL) and Jervois Mining Ltd (ASX code: JRV) met today as
previously announced, to discuss potential interaction between the two companies.
Various proposals were tabled during these discussions and there can be no assurance that any
agreement will be reached, but the companies have agreed that a response will be forthcoming
within two weeks, at which time the market will be further updated.
A Notice of change of interests of substantial holder (Form 604) is attached.

[crazyjimsmith]

Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!

[Gundini]

Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!

I would think this statement is a tad premature.

In any case, I am happy to hold both stock.

Have you considered profit takers have locked in gains, after purchases from 2.9 cents and lower? Reason being, they don't want to risk another 2 weeks wait, and can always get back in later at maybe a cheaper price! :2twocents

[Techbuy]

Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!

Looks to me they are only grabbing some spare cash as they only sold 5,987,000 out of the 197,407.783 they own. It's no big deal.
We won't know what they plan for two weeks so I am holding!

[TheAbyss]

Looks like INL only want a friendly acquisition!

Their stake in JRV has also decreased!

JRV holders are bailing out!

Can't see why JRV holders are bailing out. Day traders more than likely as they wont have the patience to wait the 2 weeks JRV and INL have agreed to review proposals that are on the table. Bearing the studious nature of the University boys running INL two weeks is quick in my view.

INL reduced their holding from 11.78 to 11.31% Not that major. They probably sold that amount to cover their legal costs or something. I do not hold JRV.

[crazyjimsmith]

Can't see why JRV holders are bailing out. Day traders more than likely as they wont have the patience to wait the 2 weeks JRV and INL have agreed to review proposals that are on the table. Bearing the studious nature of the University boys running INL two weeks is quick in my view.

INL reduced their holding from 11.78 to 11.31% Not that major. They probably sold that amount to cover their legal costs or something. I do not hold JRV.

And if there is no deal?

[Techbuy]

And if there is no deal?

We might lose a few bucks but it's not dead yet they are still checking over the cards that have been laid on the table and it could just as easily be a deal where we all profit.

I prefer not to be so negative about it.

[crazyjimsmith]

I don't think anything will come of it.

Obviously INL won't be doing an aggresive takeover bid either otherwise they wouldn't waste their time with a meeting.

Both are good stocks though.

[Kauri]

And if there is no deal?

Why worry about a deal when they have $US60 billion of inground resource??? Surely that is where the value lies...

[TheAbyss]

And if there is no deal?

To not agree on something would not be sound business practice however it is possible that JRV could say no, however if they were to decline any proposal by INL then they would have to have an alternative in mind which they would unveil when they announce a no deal with INL. After all they are in business to do business.

If there wasnt an agreement in principal INL wouldnt have put the cash on the table in my view as INL are a conservative bunch. They just need to agree to terms. I have no information to confirm these opinions of mine so shoot me down with some logic of your own if you like.

[Gundini]

And if there is no deal?

Well INL will pocket a tidy 100% profit on their trade, around $3 Mil, and that's if they decide to sell... JRV has it's infered resourse and goes about their business figuring how to get it out and sold. Not much SP risk there I would think. There hasn't been much speculative premium built into either SP, therefore not a lot to lose IMO.

DYOR

[crazyjimsmith]

Well INL will pocket a tidy 100% profit on their trade, around $3 Mil, and that's if they decide to sell... JRV has it's infered resourse and goes about their business figuring how to get it out and sold. Not much SP risk there I would think. There hasn't been much speculative premium built into either SP, therefore not a lot to lose IMO.

DYOR

Ummm....down to 3.2c! Yeah agree about the inground value but it could take an awfully long time! Good luck! :D

[imajica]

INL is where the value is! they are cash flow positive and looking to expand production. JRV is a risky bet IMO

[Gundini]

Ummm....down to 3.2c! Yeah agree about the inground value but it could take an awfully long time! Good luck! :D

Well I can count the round numbers, and I assume INL has parted with their 6 Million shares now, starting 1.32pm. Average on market price 3.3. Tidy profit for them and they still hold 11 % of JRV. Happy to hold. ;)

[Gundini]

Well I can count the round numbers, and I assume INL has parted with their 6 Million shares now, starting 1.32pm. Average on market price 3.3. Tidy profit for them and they still hold 11 % of JRV. Happy to hold. ;)

Actually I realize now INL's parcel went through on the 8th yesterday. Maybe they just offloaded more? They were round numbers. :eek:

[Brissydave]

I think INL need a Nickel Laterite JV with someone, to set up a commercial plant to demonstrate the succsesful processing of the Nickel Laterite, using the INL technique.

I suggest you read here ... http://www.intec.com.au/?/Technology/Nickel_Laterite ...

For the chemist amongst us or the really technically minded here is very detailed descrition of the chemistry of the process ... http://www.intec.com.au/docs/asx/Nickel%20Process/Intec%20Nickel%20Laterite%20Process%20Description. pdf ...

I just love that one ... the main point I see is the use of Sulphiric Acid has so many advantages over the traditional and expensive Hydrochloric Acid method ..

So OK a commercial scale demonstration plant, is needed by INL to bring in the customers to INL, and a cost effective method of processing it's ore is what JRV needs ... we have had a meeting ... nobody announced a takeover, or that the door had been slammed in INL's face, so let's exchange fax's ... etc.

IMO a deal will probably happen, with INL holding a seat on the JRV board to oversee that the building and running of the plant is in INL's interest ... JRV and INL will make money from this deal, and INL will be the big winner proving a technology that will have applications on the global scale .... Nickel Laterite deposits are sitting everywhere, waiting for a cost effective technology.

Cheers ... Dave

[crazyjimsmith]

Brissydave I don't anything will come from those meetings.

Oh well............ :D

[Atomic5]

JRV have also been looking to Canadian research to solve the non-viability of using HCL Acid. JRV consistently claim that the HCL needs to be recycled in order for HCL to be viable. Perhaps they differ with INL on acids to use?

In any case, I can't see INL taking JRV over without the proven technology (patents) otherwise anyone with $ could have taken over JRV by now.

I have always had the feeling that JRV do not want INL to call the shots and want to stick to their original plan with the Chinese.

Re: shareprice- I think a great deal of the current share price has to do with INL and that they could tank this.

Just MHO - Please DYOR

[crazyjimsmith]

Yeah I agree Atomic.

If INL pull the pin and walk JRV could take a frightening fall! :D

[Gundini]

JRV have also been looking to Canadian research to solve the non-viability of using HCL Acid. JRV consistently claim that the HCL needs to be recycled in order for HCL to be viable. Perhaps they differ with INL on acids to use?

In any case, I can't see INL taking JRV over without the proven technology (patents) otherwise anyone with $ could have taken over JRV by now.

I have always had the feeling that JRV do not want INL to call the shots and want to stick to their original plan with the Chinese.

Re: shareprice- I think a great deal of the current share price has to do with INL and that they could tank this.

Just MHO - Please DYOR

Sort of coming around to this view myself a bit Atomic5. As much as I want to think there is something here for INL and JRV, I still can't work out why they would sell a lousy quarter million dollars of stock. Doubt whether there were any major costings to cover in the approach, so maybe they sold the shares as a show of power they have over the company. Let's face it, INL bought up the parcels at an average price of 1.6 cents I think from memory. So it stands to reason that getting rid of their entire parcel would pull JRV's SP back to those levels. This might seem a little contrary to my previous postings, but I can't figure out why they would such a small amount of the stock? :confused:

[crazyjimsmith]

Sort of coming around to this view myself a bit Atomic5. As much as I want to think there is something here for INL and JRV, I still can't work out why they would sell a lousy quarter million dollars of stock. Doubt whether there were any major costings to cover in the approach, so maybe they sold the shares as a show of power they have over the company. Let's face it, INL bought up the parcels at an average price of 1.6 cents I think from memory. So it stands to reason that getting rid of their entire parcel would pull JRV's SP back to those levels. This might seem a little contrary to my previous postings, but I can't figure out why they would such a small amount of the stock? :confused:

Yes well if people actually read the announcements a bit more carefully instead of slandering other forum members then maybe they would have clued up on a few things! :D

[Brissydave]

In any case, I can't see INL taking JRV over without the proven technology (patents) otherwise anyone with $ could have taken over JRV by now.

That is the point ... INL's technology has been tested and patented ... go read the literature on their site, they just need it proven on the commercial scale.

For the JRV China deal to go ahead they need a method of processing Nickel Laterite ores, China just want Nickel ... the potential for a deal between JRV and the Chinese is actually strengthened by the INL technology.

Cheers ... Dave

[Atomic5]

I will be reading the INL PDFs over the weekend.

I have yet to read anything that states that anyone can successfully and $viably get the Nickel out and JRV seems to prefer the HCL process for some reason.

A failing money guzzling plant isn't going to impress anyone, though 'potential' technology might still actually sound better to the Chinese rather than a $ committment to something that might not work, & Guang Ye seem to have Canadian business friends.

I dont know at what stages these researches are at globally, eg Canada et al, though I do seem to detect an awful lot of INL fans, probably because the speculation of a takeover took JRV from .016c to .041c in one trading session.


Just MHO - Please DYOR

[Atomic5]

Can't see why JRV holders are bailing out. Day traders more than likely as they wont have the patience to wait the 2 weeks JRV and INL have agreed to review proposals that are on the table. Bearing the studious nature of the University boys running INL two weeks is quick in my view.

INL reduced their holding from 11.78 to 11.31% Not that major. They probably sold that amount to cover their legal costs or something. I do not hold JRV.

I think they used to own close to 15% of JRV as of the (?)26th Feb.

[TheAbyss]

I think they used to own close to 15% of JRV as of the (?)26th Feb.

The 604 provided with todays announcement quoted the figures i posted.

[Atomic5]

Abyss - The voting rights appear different to actual ownership %s.


Re: Nickel leaching

The primary hydrometallurgical processes applied commercially are quote -(according to the INL webpage):

(i) high-pressure acid leaching (HPAL), which offers higher overall Ni & Co recoveries, >90%. This has been the technology common to all new hydrometallurgical nickel projects over the last 15 years, such as the three Australian projects at Cawse, Murrin Murrin and Bulong; and

(ii) atmospheric-pressure acid leaching processes including the Jaguar Nickel Inc (JNI) process.

The main advantage of the chloride medium is the ability to operate a leach at atmospheric pressure. This approach is the essence of the Atmospheric Acid Leach (AAL) (Jaguar Nickel), which relies on pyrohydrolysis to recover HCl for leaching and MgO for liquor purification.


JRV appears to be more interested (or distracted) by the latter, in that they continually quote this method, and maybe this is why, ....

Jaguar Nickel Inc. (TSX-JNI) is a well funded Canadian mineral exploration and development company.
www.jaguarnickel.com
Revenue $100 - 250M Ticker Toronto : JNI

23rd Feb 2007
Jaguar Nickel Inc. announced today that it intends to change the focus of the Company from a mineral exploration company to a merchant bank focused on creating value for Jaguar shareholders by making investments in undervalued companies in various industry sectors. .....http://www.jaguarnickel.com/files/objects/PR-01-07%20NEW%20FOCUS%2002-23-07%20Final.pdf



And this might be why there is hesitation on the part of JRV, though I note that this news is a little old.
Any comments?

NEWS

http://www.theajmonline.com/informaoz/ajm/home.jsp?var_el=archart&art_id=998127786110&seqnum=174

FINANCIERS LEARN LESSONS FROM MURRIN MURRIN/BULONG - 01 August 2001

Financiers still smarting from their exposure to the WA dry laterite nickel trio of Murrin Murrin, Bulong and Cawse had some interesting reading this weak.

Standard & Poor's analyst Ian Greer released a report entitled “Mining Project Finance Lessons for All Projects” which analysed what went wrong at Bulong and Murrin Murrin. Along the way he drew some comparisons to Straits (Nifty)'s financing, the first natural resources project in the world to attract an investment grade rating from the ratings agency.

The first of Greer's five major lessons from Murrin Murrin and Bulong was that incomplete design can lead to cost overruns.

“Both plants used unproven technology and a design that had not been thoroughly tested,” Greer observed of Murrin Murrin and Bulong, in comparison to the proven technology of Straits Resources Nifty Copper Operation. .....


MHO - Please DYOR

[champ2003]

Have had a closer look at JRV overnight. From where my data begins, around 1988/89 it has traded within a sideways channel for 7 years of that period at between .025 and .05 cents which is an average very close to the current price. An unbroken part of that range was a five years period from 98 to 03. I would suggest that this accumulation, if you like, is huge and will take some breaking through. The very high volume of the last month or so will have established considerable support near the current price and my feeling is that resistance must be thinning now on the same basis. Can the meeting today do it ???

Regards explod

May wealth come to you all

To elaborate on this I've done more research and charted this over an 10 year period. Jan 1997 was trading at 21 cents then traded down to 7 cents by Dec 1998 then crabbed till Jan 2003 in a range of 3 cents and .063 cents then bottomed at .05 cents in June 2004 then immediately spiked to .028 cents then down trended until June 2006 and has been on an up trend ever since.

Therefore there has been alot more volatility to this stock. It will be interesting to see where it is going to head in the coming months.

Does anyone have any thoughts on what price the market cap should be if it becomes a developer? Between 350 mill - 500 mill?? Any thoughts?

Cheers!

Champ

[champ2003]

Yeah I agree Atomic.

If INL pull the pin and walk JRV could take a frightening fall! :D

I gather you aren't placing any value on the potential chinese joint venture?

Champ
:confused:

[juiceman]

Personally I feel that if a [face to face] meeting did take place,it didnt go to well. Based on the time,of their Ann,they didnt have lunch or celebratory drinks,and it is Friday,after all.
Why did INL sell 6 mil JRV shares the day before to-days meeting? Not very polite,a bit like inviting every-one to a barbeque and selling the Pork Chop before they arrive.
Possibly pre-barbeque phone conversations weren't going to well,so INL spat the dummy and sold into Jrv's little rally yesterday.
Only 6 mil shares,but enough to let the [Brokers] know they weren't happy.
[Stopped the rally in it's tracks,sent SP back to where it started that morning.]
It was I believe INL's interest in JRV that lit the flame under their share price,what might happen if INL turns down the gas and nicks off with the gas bottle?
By selling those Jrv shares could that of been INL's way of asking to be taken seriously?

May-be [1 INL in the hand? is better than 2 Chinese in the bush?]

Should we try and read between the lines or just wait and see?
Holding INL long term,not sure what to do with my JRC ATM :confused:

[Atomic5]

Has anyone noted the coincidences in the date 23rd February 2007, the day JRV went from 0.016 to .041?

Why did INL move on JRV the 23rd Feb 2007, the day Jaguar Nickel announced it's intentions to become a merchant bank?

:eek7:

[champ2003]

Has anyone noted the coincidences in the date 23rd February 2007, the day JRV went from 0.016 to .041?

Why did INL move on JRV the 23rd Feb 2007, the day Jaguar Nickel announced it's intentions to become a merchant bank?

:eek7:

I think that's pure co- incidence . INL became a substantial holder on the 23rd/2. i think that holds more weight than the Jaguar theory just IMO.

Cheers!

Champ

[champ2003]

The way i see the JRV investment is that Nickel is going up, Uranium is going up and Gold is going up. JRV have all 3(uranium Tenements still to be drilled). They will eventually mine their Nickel assets.
There's not alot that can go wrong medium term with this IMO.

[crazyjimsmith]

Has anyone noted the coincidences in the date 23rd February 2007, the day JRV went from 0.016 to .041?

Why did INL move on JRV the 23rd Feb 2007, the day Jaguar Nickel announced it's intentions to become a merchant bank?

:eek7:

INL directors must have read that article from Robin Bromby about JRV's Laterite Nickel deposit in Young.

I think both stocks have great potential long term but I suspect INL will be dumping JRV when they realise that they won't get anywhere! :D

INL has patented and proven technology that is transportable! They'll find another nice project in no time at all! INL is the one to back!

I would hate to think where JRV's share price will go if and when they start dumping their 11% stake........... :D

It's funny how a few on this thread took their eye off the ball and got side tracked with slandering others for no reason!

I bet they'll be licking their wounds! :D

Some of the previous contributors have gone very quiet suddenly and I have to confess I have had some fun watching all this transpire! :p:

[champ2003]

INL directors must have read that article from Robin Bromby about JRV's Laterite Nickel deposit in Young.

I think both stocks have great potential long term but I suspect INL will be dumping JRV when they realise that they won't get anywhere! :D

INL has patented and proven technology that is transportable! They'll find another nice project in no time at all! INL is the one to back!

I would hate to think where JRV's share price will go if and when they start dumping their 11% stake........... :D

It's funny how a few on this thread took their eye off the ball and got side tracked with slandering others for no reason!

I bet they'll be licking their wounds! :D

Some of the previous contributors have gone very quiet suddenly and I have to confess I have had some fun watching all this transpire! :p:

Crazy what makes you so sure that JRV won't agree to something with INL? I appreciate that its your opinion but do you have any facts to back up that claim?

Cheers

Champ

[Gundini]

Personally I feel that if a [face to face] meeting did take place,it didnt go to well. Based on the time,of their Ann,they didnt have lunch or celebratory drinks,and it is Friday,after all.
Why did INL sell 6 mil JRV shares the day before to-days meeting? Not very polite,a bit like inviting every-one to a barbeque and selling the Pork Chop before they arrive.
Possibly pre-barbeque phone conversations weren't going to well,so INL spat the dummy and sold into Jrv's little rally yesterday.
Only 6 mil shares,but enough to let the [Brokers] know they weren't happy.
[Stopped the rally in it's tracks,sent SP back to where it started that morning.]
It was I believe INL's interest in JRV that lit the flame under their share price,what might happen if INL turns down the gas and nicks off with the gas bottle?
By selling those Jrv shares could that of been INL's way of asking to be taken seriously?

May-be [1 INL in the hand? is better than 2 Chinese in the bush?]

Should we try and read between the lines or just wait and see?
Holding INL long term,not sure what to do with my JRC ATM :confused:

I notice this is your first post juiceman, so welcome to the forum. ;)

I must admit I did enjoy your BBQ analogy, very amusing, ROFLMAO...

If INL does "nicks off with the gas bottle", it could trigger a sell-off in JRV, something I will be watching over the coming weeks.

Put it this way... If it wasn't INL selling the stock yesterday, you would have to think it was the insto's, as the parcels were large and round!

And if it was the Insto's, they were probably just profit taking, as they whould have been in since INL started their buy up. So basically, they are in the same boat as us. Waiting of INL's next move!


It's funny how a few on this thread took their eye off the ball and got side tracked with slandering others for no reason!

I bet they'll be licking their wounds!

Some of the previous contributors have gone very quiet suddenly and I have to confess I have had some fun watching all this transpire!

Jim, I think it's time to bury the hatchet on these type of comments. With all due respect, they can be seen as insighting further slander, so let's put it to bed and continue with the topic... The fact that they have gone quiet is not good for the forum, nor myself, as I enjoy their contributions, as I do yours, on topic of course. It's all good, so let's move on.... :cool:

[champ2003]

Put it this way guys,

If INL dumps this stock and it drops that will create a great buying opportunity for the next run up over speculation about a possible chinese JV.

:D

[Gundini]

Put it this way guys,

If INL dumps this stock and it drops that will create a great buying opportunity for the next run up over speculation about a possible chinese JV.

:D

I agree champ, personally I would look to placing a stop at .029 which would get me out of the stock square, then load back up if it got to those low levels again, although, I think it unlikey INL will dump.

Surely they can see the value in the stock. They have already made 100% on their investment, and they hold the downside cards re the SP. May be a good little investment for INL in return for doing bugger all! :2twocents

DYOR

[greggy]

INL directors must have read that article from Robin Bromby about JRV's Laterite Nickel deposit in Young.

I think both stocks have great potential long term but I suspect INL will be dumping JRV when they realise that they won't get anywhere! :D

INL has patented and proven technology that is transportable! They'll find another nice project in no time at all! INL is the one to back!

I would hate to think where JRV's share price will go if and when they start dumping their 11% stake........... :D

It's funny how a few on this thread took their eye off the ball and got side tracked with slandering others for no reason!

I bet they'll be licking their wounds! :D

Some of the previous contributors have gone very quiet suddenly and I have to confess I have had some fun watching all this transpire! :p:
Crazyjimsmith,

I agree with Gundini's comments on the matter. In your last 2 contributions to this thread, you're provoking the issue further by saying that some people took their eyes off the ball by slandering others for no reason. I have since reported your last post for being very bad. What I don't understand is why you continue to post on this forum when you bag it on a number of fronts including "ramping." A number of your posts have been deleted as being vulgar. This is the best forum going around and I was going to let the matter slip, but your veiled references towards both me and Kauri in your last 2 posts indicates that you wish to continue the matter further. Kennas (amongst others) has enough on his hands to deal with and is doing this job on a voluntary basis.

[Joe Blow]

Any posts in the thread, from this point on, that refer to anything other than JRV will be removed. If I have to remove more than one post by the same author, then that individual will have their ASF account permanently suspended.

This nonsense stops here. Please do not even respond to this post. If anyone wishes to discuss it further then feel free to PM me.

Now back to the topic at hand: JRV

[greggy]

Put it this way guys,

If INL dumps this stock and it drops that will create a great buying opportunity for the next run up over speculation about a possible chinese JV.

:D
With nickel prices being so high, JRV's nickel project is clearly receiving greater attention. INL may well be taking some profits off the table having got in at a very low price, but one also has to realise that there is ongoing speculation about a Chinese JV. It will be interesting to see what happens from here. I don't hold any JRV, but am watching it from the sidelines.
DYOR

[Atomic5]

I think that's pure co- incidence . INL became a substantial holder on the 23rd/2. i think that holds more weight than the Jaguar theory just IMO.

Cheers!

Champ

INL made a move on JRV the day Jaguar announced it's move to merchant banking to fund undervalued companies.
INL quote Jaguar on it's web page and in it's PDFs.
INL appear to use Jaguar as a bit of a technological & producer yard stick.
INL probably see Jaguar as an international competitor or else they want to be like Jaguar only they lack some $100-200M earning P/A and JRV just might get those $ for them if only they would play ball.
INL jumps in on 23rd Feb with a half hearted takeover in order try and stop JRV from getting away just as things were hotting up with overseas finance and the Chinese, yelling choose us, choose us ..... then dump a threatening bundle of stock when it looks like JRV are playing hard to get.

Just a coincidence?!

Plus why small-dump a stock before the meeting, unless you think there is not going to be any agreement? An agreement would have sent the share price higher.

What kind of 'insider trading' is that?

The problem now is if they are going to dump anymore and when.

?!


MHO - Please D Y O R

[champ2003]

INL made a move on JRV the day Jaguar announced it's move to merchant banking to fund undervalued companies.
INL quote Jaguar on it's web page and in it's PDFs.
INL appear to use Jaguar as a bit of a technological & producer yard stick.
INL probably see Jaguar as an international competitor or else they want to be like Jaguar only they lack some $100-200M earning P/A and JRV just might get those $ for them if only they would play ball.
INL jumps in on 23rd Feb with a half hearted takeover in order try and stop JRV from getting away just as things were hotting up with overseas finance and the Chinese, yelling choose us, choose us ..... then dump a threatening bundle of stock when it looks like JRV are playing hard to get.

Just a coincidence?!

Plus why small-dump a stock before the meeting, unless you think there is not going to be any agreement? An agreement would have sent the share price higher.

What kind of 'insider trading' is that?

The problem now is if they are going to dump anymore and when.

?!


MHO - Please D Y O R

Hi Atomic,

That's a very interesting analysis and yes i wonder what possible consequences if any INL will face if it is insider trading on their behalf?

Champ

[Atomic5]

I think INL need a Nickel Laterite JV with someone, to set up a commercial plant to demonstrate the succsesful processing of the Nickel Laterite, using the INL technique.

I suggest you read here ... http://www.intec.com.au/?/Technology/Nickel_Laterite ...

For the chemist amongst us or the really technically minded here is very detailed descrition of the chemistry of the process ... http://www.intec.com.au/docs/asx/Nickel%20Process/Intec%20Nickel%20Laterite%20Process%20Description. pdf ...

I just love that one ... the main point I see is the use of Sulphiric Acid has so many advantages over the traditional and expensive Hydrochloric Acid method ..

So OK a commercial scale demonstration plant, is needed by INL to bring in the customers to INL, and a cost effective method of processing it's ore is what JRV needs ... we have had a meeting ... nobody announced a takeover, or that the door had been slammed in INL's face, so let's exchange fax's ... etc.

IMO a deal will probably happen, with INL holding a seat on the JRV board to oversee that the building and running of the plant is in INL's interest ... JRV and INL will make money from this deal, and INL will be the big winner proving a technology that will have applications on the global scale .... Nickel Laterite deposits are sitting everywhere, waiting for a cost effective technology.

Cheers ... Dave

Doesn't the JRV website say this about the use of Sulphuric Acid in past tests???

http://www.jervoismining.com.au/index.cfm?siteaction=tenement&tenementid=1

"The poor results achieved on the limonites were really the worst feature. The process was just too selective for the Young resource."

Dave where did you get the Sulphuric Acid info???

"The INLP (Intec Nickel Laterite Process) uses the chloride medium, which is relatively novel". - INL website. http://www.intec.com.au/?/Technology/Nickel_Laterite

Alternatively with Chloride and past tests- JRV website:

"The chemistry is believed to be sound but laterites in general tend to be very different and the company needs these processes to be tailored to suit the Young laterite resource".

:(

[Atomic5]

You also have to take JRVs previous ambitions into consideration.

Pursell's mouth is moving but no-one seems to be listening. He has yet to say anything positive about INL, unlike his praise for the Chinese MOU.

Chinese interested in Young project
Thursday, 8 February 2007
Mining News

IN A move the company describes as a "huge step", Jervois Mining has signed a memorandum of understanding with Chinese company Guandong Guang Ye Assets Management, which could see the two firms establish a joint venture at the Melbourne-based junior's nickel-cobalt laterite project in Young in New South Wales.

The memorandum gives Guang Ye a six-month mandate to examine the project before deciding to enter the JV.

Jervois said Guang Ye "believes that the development of the Young project would fit well with is nickel processing operations".

The Guandong Provincial Government wholly owns the Chinese company, which will analyse the resource and the proposed laterite ore treatment as well as the project economics during the next six months, with Guang Ye representatives visiting the project either in March or April.

Jervois managing director Duncan Pursell told MiningNews.Net that the deal is highly significant for the explorer.

"The Young resource is enormous," he said. "If the Chinese come in and fund it, it will be a huge step for us. The company [Guang Ye] has the funds to do it, there's no shortage of money there."

The memorandum also established that Jervois will provide Guang Ye with a business plan covering projected capital expenditure, operating expenses, and the project's technical data.

Additionally, Jervois has given a commitment that it will not deal with any other Chinese entity while Guang Ye is considering its decision.

The Young project has an indicated and inferred resource totalling 167 million tonnes at 0.72% nickel and 0.07% cobalt. Jervois holds other tenements in NSW and Western Australia, including area prospective for copper, nickel and gold as well as nickel and cobalt.

The market responded positively to the announcement, boosting shares in Jervois by 23% from 1.3c to 1.6c in morning trading.

[juddy]

Pursell's mouth is moving but no-one seems to be listening.

Pursell sells 6 million on market. No wonder nobody is listening. ASIC alert.

[greggy]

For a Director to be selling that many is a worry.
DYOR

[champ2003]

For a Director to be selling that many is a worry.
DYORNote that he sold on the 8th/03 ....6 days ago. Maybe he just needs the cash at the moment?

[greggy]

Note that he sold on the 8th/03 ....6 days ago. Maybe he just needs the cash at the moment?
Hi Champ2003,

I just see Directors selling shares as a short term negative. However, given the strong nickel price JRV's nickel project has strong potential.
DYOR

[Atomic5]

There was a 10million share buyer at .032c on Thursday late in the session. Perhaps we'll find out what happened there if Duncan Pursell posts a Top 20 list this week.

Proving to be quite resilient in the face of recent market fluctuations. :)

[greggy]

There was a 10million share buyer at .032c on Thursday late in the session. Perhaps we'll find out what happened there if Duncan Pursell posts a Top 20 list this week.

Proving to be quite resilient in the face of recent market fluctuations. :)
The key story here at present is speculation surrounding its potentially valuable nickel project. JRV has really held up of late when compared to most other specs.
DYOR

[constable]

This could get nasty!!

[Techbuy]

Here is the ann. Good luck to the holders...


The Board of Jervois Mining Limited (ASX: JRV, “Jervois”) recently advised the market that Intec
Ltd (Intec) had requested a meeting with the Board of Jervois (ASX announcement 9 March 2007).
The Board has now met with Intec and has subsequently considered proposals that were
presented at that meeting.
After deliberation, the Board has formed the view that the proposals are not in the best interests of
Jervois shareholders and do not accurately reflect the real value of the Company’s assets and its
potential going forward as a Nickel and Cobalt producer.
Jervois owns the Young Nickel/Cobalt Project in Central NSW, which contains 1.6 million tonnes of
nickel metal and 168,000 tonnes of cobalt metal. The company aims to produce 60,000 tonnes per
annum of nickel and 6,000 tonnes per annum of cobalt in concentrate. The Company has funded
its own research into the hydrometallurgical processing of the metals found at its Young deposit
which has yielded excellent recoveries in both nickel and cobalt.
The Board has advised Intec of its position and Intec has confirmed that the merger proposals are
at a end.
Yours faithfully,
DUNCAN C. PURSELL
MANAGING DIRECTOR
For further information contact:
Duncan Pursell
Managing Director
Jervois Mining Ltd
(03) 9670 3766
Lou Caruana
Media Consultant
Farrington National
Mob: 0413 486 155
or visit the website - www.jervoismining.com.au

[Atomic5]

Dump and Panic
INL have a lot to sell.
This may close at .025 or worse. INL should have just stayed out of it.
JRV were clear on what they thought about INLs process:
I can't believe people were buying this at .034c at open.

http://www.jervoismining.com.au/uploaditems/reports/Dr%20Bryn%20Harris%20ALTA%20paper%20April%202006.p df

Published May 2005

Recently, Intec Limited described what also appears to be a somewhat complex new
chloride-based process wherein the limonite fraction of a laterite is leached by hydrochloric acid
in a solution of calcium and sodium chlorides [14]. The process can be operated in either one or
two stages, the first stage being at 100-110°C and the second, or if it is just a single-stage
process, at 150-220°C in an autoclave. In this process, both dissolved iron and magnesium are
precipitated via the use of lime, iron as hematite and magnesium as MgO. The process also
requires the substantial addition of sulphuric acid to regenerate the hydrochloric acid from the
resulting calcium chloride solution, with the sulphate balance being controlled by the further
addition of lime. The use of an autoclave and the large requirement for sulphuric acid seem to
mitigate against the use of this process, and unless a saleable form of calcium sulphate can be
produced [15,16,17], there will also be a considerable residue fall.

[Sodapop]

Oh well - someone made a lot of money... Hope no-one got burnt too badly - Pursell and his merry band at JRV ("Jolly Roger Ventures"...)...leave me unmoved - back to the same holding pattern of the last few years methinks... Hope springs eternal...

[explod]

Oh well - someone made a lot of money... Hope no-one got burnt too badly - Pursell and his merry band at JRV ("Jolly Roger Ventures"...)...leave me unmoved - back to the same holding pattern of the last few years methinks... Hope springs eternal...


May-be, however, nickel has gone from about $7.50lb.US to $22.00 in the last 12 months and an important nickel mine has just flooded overseas. It is now apparrent that JRV own a wonderfull mountain of the stuff right here in sovereign risk free Australia. For the investor, no problems but I am chuffed to say I reduced my holding considerably last week and made a nice purchase today, perhaps at a tenthofacent too much, but I am comfortable. Oh and I nearly forgot, the development in China and India is now so out of control that the need for our resources will see out my lifetime. Problem is,. not too pretty for the Grandchildren, but that's another story

[Techbuy]

Question?
does the fact the director sold a reasonable package last week above $0.03 count as insider trading as he would have been aware they were going to knock back the INL offer/deal.

[Atomic5]

Explod

The problem is that INTEC own some 190million shares which they began accumulating I think around .006. It appeared that a huge chunk was sold just after the announcement today, though as yet we dont know who that was.

Unless INTEC have decided to remain Major Shareholders, there is the very real problem of them selling their shares, which may have only just begun.

Last I looked there were only 60-70 million shares on the BUY side for JRV. Theoretically INTEC could do some real damage.

[Moneybags]

Question?
does the fact the director sold a reasonable package last week above $0.03 count as insider trading as he would have been aware they were going to knock back the INL offer/deal.


Probably does Techbuy .........but how to prove it?

I have another question is it possible INL could have purchased more JRV shares at a discount during this afternoons slaughter?

MB

[Atomic5]

Question?
does the fact the director sold a reasonable package last week above $0.03 count as insider trading as he would have been aware they were going to knock back the INL offer/deal.

Both INL and the Director sold. Of course it is Insider Trading. But who are you going to tell? The ASX? It's their job to have noticed.

[Moneybags]

Explod

The problem is that INTEC own some 190million shares which they began accumulating I think around .006. It appeared that a huge chunk was sold just after the announcement today, though as yet we dont know who that was.

Unless INTEC have decided to remain Major Shareholders, there is the very real problem of them selling their shares, which may have only just begun.

Last I looked there were only 60-70 million buyers for JRV. Theoretically they could do some real damage.


Atomic, nature of the beast I'm afraid........remember Ivanhoe selldown of INL.......and after all I'm pretty sure JRV would be nowhere if INL hadn't started purchasing in the first place.

MB

[Atomic5]

and after all I'm pretty sure JRV would be nowhere if INL hadn't started purchasing in the first place.
MB

Wasn't around JRV or INL. How many did they sell and what was the range of drop in price?

I am starting to think the whole thing was staged: either that or INL are deluded stupid people who have unwittingly trodden on a profit.

[rub92me]

Both INL and the Director sold. Of course it is Insider Trading. But who are you going to tell? The ASX? It's their job to have noticed.
There is a difference between trading by insiders and insider trading. I don't think INL can be accused of insider trading when they sold some of their initial stake; at that moment it was unlikely they could have known how JRV would react to the JV proposition. As to the JRV director: hard to prove, but wouldn't be surprised by some nosing around by ASIC...

[Atomic5]

JRV said 'no' to INL in May 2006. [probably again somewhere in here] Then again around Feb 26 2007, then at the meeting on March 8 2007, and again today.

[explod]

Yes agree Atomic5, but if you measure the accumulated volume of the last two months then the Intec holding is only a small part of the overall new holders. Of course the day trader component will be a big part also and some weakness may still ensue, but the big picture looks OK for a medium term hold till the China measure has been done

[Moneybags]

Wasn't around JRV or INL. How many did they sell and what was the range of drop in price?

It was only this year.

Ivanhoe selldown of INL started at around .27 and ceased when was about .235 They still hold a substantial amount.

MB

[juddy]

INL offered them what they deserved after ten years of doing nothing. All good business people do the same. After JRV don't hear from the Chinese, INL will be back with a lower offer.

[Atomic5]

It was only this year.

Ivanhoe selldown of INL started at around .27 and ceased when was about .235 They still hold a substantial amount.

MB

Ivanhoe however have an ongoing interest in INL. Some people refer to Ivanhoe as owners. Im not sure the relationship is the same here. JRV do not want to use the sulphate method (INL) and had already (last May) planned for a mini-pilot plant this year using the Aspen patented process. They recently commissioned another study.

Pursell confirmed this direction AGAIN on Wednesday. They plan to go into early low grade production.

The view that nothing has been done over the years isn't quite correct - the laterites are difficult, and so far no-one has seen need for this kind of Nickel to be mined, until now that the traditional sources and stockpiles are low.

Companies around the world have been studying this one for years as well.

Maybe we're at the breakthrough stage, but the idea that INL is mandatory in this equasion is ridiculous.

[Atomic5]

INL offered them what they deserved after ten years of doing nothing. All good business people do the same. After JRV don't hear from the Chinese, INL will be back with a lower offer.

Sounds like rape. Just wont take NO for an answer.

[petee]

looks like JRV are gonna get smashed today..feel sorry for all the punters who got in late..i think JRV were being to cocky and IMHO they will find it hard to stand on their own..RIP

[explod]

Maybee, Nickel up a further 2.5% overnight, seems to be some support so far but a bit early for the big sellers/buyers?? yet

[petee]

i think any upward movement in NI price is irrelevent for JRV..shareholders will be sitting on a knife edge wondering what INL will do with the near 200million shares they hold....this is a meltdown scenario if they dump that holding

[explod]

For the short term yes but the longer term investor sees 20 to 30 cents a share in a year or two, depends on the sort of trader. Intec would have been well aware of their position by the 15th March. Including todays volume, 422 million shares have changed hands since then and it is my humble view that Intec would have sold most of that intended with a very nice profit thank you. Have been wrong before DYOR

[constable]

Is anyone looking to pick a bottom for this?? Ive got 1.6 to 1.8c being its last trading range range b4 inl affair....does anyone think that its going back to these prices ? Just curious , not holding and very skeptical about touching it.

[dragonball]

Counting every second, how much I lost already? :banghead: oh well...bit nasty round here.

[Atomic5]

Is anyone looking to pick a bottom for this?? Ive got 1.6 to 1.8c being its last trading range range b4 inl affair....does anyone think that its going back to these prices ? Just curious , not holding and very skeptical about touching it.

Yup I had a buy bid at .017 this morning which was my initial entry before the INL fiasco, but pulled it in case it got chewed up and I ended up with a .006 cent stock.

How's that for scared? :eek:

[explod]

A fair bit of strong buying at .024,, seems a long way from .015 IMHO

[Atomic5]

Time will tell.
Haven't seen any changes in shareholder notices yet.
Not sure how that will go.

[Atomic5]

From Mining News - maybe INTEC have yet to sell????

Intec, Jervois call merger off
Rebecca Lawson
Friday, 23 March 2007

THE potential merger between Intec and Jervois Mining has been called off, with a difference in opinion between the two companies over the 19% drop in Jervois' share price following the news. Additionally, Intec has increased its significant stake in Bass Metals but has just come short of the limit of a takeover launch.

In an announcement released to the market yesterday, Intec and Jervois said after a confidential meeting where various proposals were considered, Jervois' board decided the merger would not be in the best interest of shareholders.

Speaking to MiningNews.net, Jervois director Anthony Jannick said the proposals did not accurately reflect the real value of its assets.

"We didn't think it was a good enough offer to the shareholders," Jannick said.

"We gave as positive a proposal as we were able to do and I don't think, from our side of the fence, we could not have been more positive than we were without being stupid," Intec managing director Philip Wood told MiningNews.net.

"Am I particularly worried about that? Not really. We were at the limit of what we were able to do and it wasn't enough from Jervois' point of view and I understand that."

While both companies agreed to let the proposed merger fall through, there were differences in opinion over the drop in Jervois' share price yesterday on the back of the news, where its shares closed down 0.6c to 2.6c. Shares in Intec shed 1.5c to end at 17.5c.

Jannick said the stock's price fall was simply because Intec was selling a significant amount of its Jervois shares, however no notice had yet been given to Jervois. Intec holds around an 11% stake in Jervois.

Meanwhile, Wood said whether or not Intec was selling its Jervois shares, all would be revealed in due time in a substantial shareholder form to the Australian Stock Exchange.

"Whether or not we were selling shares and the extent to which we're selling shares will all have to be formally released to the ASX," Wood said.

"It's self-evident that the market would have liked to have seen a cooperative corporate deal, or merger if you like, between the two companies and it's obviously disappointing for a lot of the holders of Jervois shares if those talks don't come to fruition, so that's why you see a sell-off and that's why the share price is looking pretty weak today.

"But if you look at it another way, their share price is incredibly strong [compared to] a month ago."

A month ago Jervois shares were trading between 1.5c and 2c before reaching a 12-month high of 4.2c at the announcement of a potential merger between Jervois and Intec.

Meantime, Wood confirmed that Intec had increased its holding in Bass Metals to 19.98% and said there was no talk of a merger or a takeover of the company, but instead said the increase was due to Intec's faith in Bass.

"We are extremely keen on Bass Metals who we regard as a partner, they're doing the exploring and mining and we're doing the processing and marketing, I mean that's a simplistic way of talking about it, in that region around Hellyer [zinc mine] in Tasmania," Wood said.

"We are keen to support them financially, we are also positive about their future share price so we wanted to go up to the maximum we could, which is obviously 19.9%, prior to the rights issue because we want to fully participate in the rights issue and we are a sub-underwriter for $1.5 million out of the $4 million underwritten.

"I am keen that there be a close alignment of interest between Intec and Bass."

Wood added that as a result of positive cash flow into the company due to the fact that Hellyer has started zinc production, Intec was looking to other companies for potential mergers.

"We are interested in companies who have minerals processing challenges with their existing resources, which we think our technology and our technical capabilities can address," Wood said.

"If you use Jervois as an example, they have a relatively low-grade nickel laterite resource, it's quite substantial and it's well located, but the key to unlocking the value of that resource will be to find the right processing technology and that's what drew our interest to Jervois plus it was heavily undervalued down at 1c.

"If that circumstance arises with other companies, and there are a few that I have in mind, we would be looking to do the same thing."

Shares in Intec were steady at 17.5c while shares in Jervois shed 0.1c to 2.5c in trading this morning. Meanwhile shares in Bass climbed 1.5c to 31.5c.

[greggy]

From Mining News - maybe INTEC have yet to sell????

Intec, Jervois call merger off
Rebecca Lawson
Friday, 23 March 2007

THE potential merger between Intec and Jervois Mining has been called off, with a difference in opinion between the two companies over the 19% drop in Jervois' share price following the news. Additionally, Intec has increased its significant stake in Bass Metals but has just come short of the limit of a takeover launch.

In an announcement released to the market yesterday, Intec and Jervois said after a confidential meeting where various proposals were considered, Jervois' board decided the merger would not be in the best interest of shareholders.

Speaking to MiningNews.net, Jervois director Anthony Jannick said the proposals did not accurately reflect the real value of its assets.

"We didn't think it was a good enough offer to the shareholders," Jannick said.

"We gave as positive a proposal as we were able to do and I don't think, from our side of the fence, we could not have been more positive than we were without being stupid," Intec managing director Philip Wood told MiningNews.net.

"Am I particularly worried about that? Not really. We were at the limit of what we were able to do and it wasn't enough from Jervois' point of view and I understand that."

While both companies agreed to let the proposed merger fall through, there were differences in opinion over the drop in Jervois' share price yesterday on the back of the news, where its shares closed down 0.6c to 2.6c. Shares in Intec shed 1.5c to end at 17.5c.

Jannick said the stock's price fall was simply because Intec was selling a significant amount of its Jervois shares, however no notice had yet been given to Jervois. Intec holds around an 11% stake in Jervois.

Meanwhile, Wood said whether or not Intec was selling its Jervois shares, all would be revealed in due time in a substantial shareholder form to the Australian Stock Exchange.

"Whether or not we were selling shares and the extent to which we're selling shares will all have to be formally released to the ASX," Wood said.

"It's self-evident that the market would have liked to have seen a cooperative corporate deal, or merger if you like, between the two companies and it's obviously disappointing for a lot of the holders of Jervois shares if those talks don't come to fruition, so that's why you see a sell-off and that's why the share price is looking pretty weak today.

"But if you look at it another way, their share price is incredibly strong [compared to] a month ago."

A month ago Jervois shares were trading between 1.5c and 2c before reaching a 12-month high of 4.2c at the announcement of a potential merger between Jervois and Intec.

Meantime, Wood confirmed that Intec had increased its holding in Bass Metals to 19.98% and said there was no talk of a merger or a takeover of the company, but instead said the increase was due to Intec's faith in Bass.

"We are extremely keen on Bass Metals who we regard as a partner, they're doing the exploring and mining and we're doing the processing and marketing, I mean that's a simplistic way of talking about it, in that region around Hellyer [zinc mine] in Tasmania," Wood said.

"We are keen to support them financially, we are also positive about their future share price so we wanted to go up to the maximum we could, which is obviously 19.9%, prior to the rights issue because we want to fully participate in the rights issue and we are a sub-underwriter for $1.5 million out of the $4 million underwritten.

"I am keen that there be a close alignment of interest between Intec and Bass."

Wood added that as a result of positive cash flow into the company due to the fact that Hellyer has started zinc production, Intec was looking to other companies for potential mergers.

"We are interested in companies who have minerals processing challenges with their existing resources, which we think our technology and our technical capabilities can address," Wood said.

"If you use Jervois as an example, they have a relatively low-grade nickel laterite resource, it's quite substantial and it's well located, but the key to unlocking the value of that resource will be to find the right processing technology and that's what drew our interest to Jervois plus it was heavily undervalued down at 1c.

"If that circumstance arises with other companies, and there are a few that I have in mind, we would be looking to do the same thing."

Shares in Intec were steady at 17.5c while shares in Jervois shed 0.1c to 2.5c in trading this morning. Meanwhile shares in Bass climbed 1.5c to 31.5c.

With the potential merger having been called off, one wonders whether the JRV board has a back up. It seems pretty clear to me that JRV will need a major partner in order to develop the huge nickel project. A merger with Intec could well have achieved this aim. JRV may drift a little further until the next proposal comes along. I have followed this thread with interest, but never had a financial interest in it. I wish all JRV shareholders well.
DYOR

[kransky]

I'm surprised INL have not sold theirs yet... I sold expecting them to sell out.

[juddy]

From Mining News - maybe INTEC have yet to sell????

Intec, Jervois call merger off
Rebecca Lawson
Friday, 23 March 2007

THE potential merger between Intec and Jervois Mining has been called off, with a difference in opinion between the two companies over the 19% drop in Jervois' share price following the news. Additionally, Intec has increased its significant stake in Bass Metals but has just come short of the limit of a takeover launch.

In an announcement released to the market yesterday, Intec and Jervois said after a confidential meeting where various proposals were considered, Jervois' board decided the merger would not be in the best interest of shareholders.

Speaking to MiningNews.net, Jervois director Anthony Jannick said the proposals did not accurately reflect the real value of its assets.

"We didn't think it was a good enough offer to the shareholders," Jannick said.

"We gave as positive a proposal as we were able to do and I don't think, from our side of the fence, we could not have been more positive than we were without being stupid," Intec managing director Philip Wood told MiningNews.net.

"Am I particularly worried about that? Not really. We were at the limit of what we were able to do and it wasn't enough from Jervois' point of view and I understand that."

While both companies agreed to let the proposed merger fall through, there were differences in opinion over the drop in Jervois' share price yesterday on the back of the news, where its shares closed down 0.6c to 2.6c. Shares in Intec shed 1.5c to end at 17.5c.

Jannick said the stock's price fall was simply because Intec was selling a significant amount of its Jervois shares, however no notice had yet been given to Jervois. Intec holds around an 11% stake in Jervois.

Meanwhile, Wood said whether or not Intec was selling its Jervois shares, all would be revealed in due time in a substantial shareholder form to the Australian Stock Exchange.

"Whether or not we were selling shares and the extent to which we're selling shares will all have to be formally released to the ASX," Wood said.

"It's self-evident that the market would have liked to have seen a cooperative corporate deal, or merger if you like, between the two companies and it's obviously disappointing for a lot of the holders of Jervois shares if those talks don't come to fruition, so that's why you see a sell-off and that's why the share price is looking pretty weak today.

"But if you look at it another way, their share price is incredibly strong [compared to] a month ago."

A month ago Jervois shares were trading between 1.5c and 2c before reaching a 12-month high of 4.2c at the announcement of a potential merger between Jervois and Intec.

Meantime, Wood confirmed that Intec had increased its holding in Bass Metals to 19.98% and said there was no talk of a merger or a takeover of the company, but instead said the increase was due to Intec's faith in Bass.

"We are extremely keen on Bass Metals who we regard as a partner, they're doing the exploring and mining and we're doing the processing and marketing, I mean that's a simplistic way of talking about it, in that region around Hellyer [zinc mine] in Tasmania," Wood said.

"We are keen to support them financially, we are also positive about their future share price so we wanted to go up to the maximum we could, which is obviously 19.9%, prior to the rights issue because we want to fully participate in the rights issue and we are a sub-underwriter for $1.5 million out of the $4 million underwritten.

"I am keen that there be a close alignment of interest between Intec and Bass."

Wood added that as a result of positive cash flow into the company due to the fact that Hellyer has started zinc production, Intec was looking to other companies for potential mergers.

"We are interested in companies who have minerals processing challenges with their existing resources, which we think our technology and our technical capabilities can address," Wood said.

"If you use Jervois as an example, they have a relatively low-grade nickel laterite resource, it's quite substantial and it's well located, but the key to unlocking the value of that resource will be to find the right processing technology and that's what drew our interest to Jervois plus it was heavily undervalued down at 1c.

"If that circumstance arises with other companies, and there are a few that I have in mind, we would be looking to do the same thing."

Shares in Intec were steady at 17.5c while shares in Jervois shed 0.1c to 2.5c in trading this morning. Meanwhile shares in Bass climbed 1.5c to 31.5c.



What a huge overhang, buyers not knowing when INL are going to dump.

[hangseng]

What a huge overhang, buyers not knowing when INL are going to dump.

INL will not dump, it is currently an integral aspect of the companies balance shhet. Selling down this shares in such a situation would drop INL value. Plain and simple. In addition INL have a significant holding and in speculating they could aquire a further stakeholding toward a hostile takeover with extenal support.

Think for a moment why didn't JRV just take the INL deal? If JRV were so desperate for something to occur why didn't they just take it?

In any negotiation it takes a fundamental, valued reasoning and strong management to recognise the value of a companies assets and potential, to walk away from any arrangement. You only do that if you have something of significant value and you know other 'real' options exist.

In my personal opinion this situation is going to turn 180 degrees in the near term based on the strength and resolve displayed by JRV Management over this matter and the fact that nothing has changed with JRV. The chinese MOU is still in place, JRV has an excellent Ni inferred resource and technology to extract it, they do require funding. This will be highly sought after at the current Ni prices and demand IMO.

[Atomic5]

Think for a moment why didn't JRV just take the INL deal? If JRV were so desperate for something to occur why didn't they just take it?


This needs repeating: because JRV disagree with INLs process which sees the addition of sulphur to the chloride leaching process. JRV are interested in the process initiated by Jaguar but DO NOT LIKE how INL have progressed it and prefer a patented method known as the Aspen method which they may trial in a pilot plant this year.

Why would INL keep shares in a company that might prove them wrong using an INL competitor's patent???? Plus, INL sound vindictive.

Pursell at least had the decency to warn his shareholders on Wednesday before INL posted their notice on Thursday - NOT that anyone listens to Pursell (his lips move but no-one listens) as on Thursday morning the die-hard INL fans were still buying JRV at .034, only to see an intraday of .026, and a two day low of .023.

If anything, the only thing evident so far is how stubborn INL 'supporters' (fans?) are in admitting that JRV don't favour the INL process and are happy to seek alternatives with INL competitors.

[Atomic5]

From the Mining News article above:

"We gave as positive a proposal as we were able to do and I don't think, from our side of the fence, we could not have been more positive than we were without being stupid," Intec managing director Philip Wood told MiningNews.net.

"Am I particularly worried about that? Not really. We were at the limit of what we were able to do and it wasn't enough from Jervois' point of view and I understand that."

What would any normal company do now? Keep an investment in company that will now proceed to market a competitor's patent on a global scale?

"It's self-evident that the market would have liked to have seen a cooperative corporate deal, or merger if you like, between the two companies and it's obviously disappointing for a lot of the holders of Jervois shares if those talks don't come to fruition, so that's why you see a sell-off and that's why the share price is looking pretty weak today.

This means that INL have yet to sell shares and that the shareprice has fallen this low all on it's own?

[Atomic5]

In addition INL have a significant holding and in speculating they could aquire a further stakeholding toward a hostile takeover with extenal support.

"stupid", "limit" = takeover????? :banghead:

What are INL? schizophrenic? the joker?

[explod]

Hi Hangsen, could never have expressed it better. Too few on the forum take a short term simplistic view. Proper examination of fundamentals and technical analysis for entry and exits together combined leads to success in my HO.

[explod]

Hi Hangsen, could never have expressed it better. Too few on the forum take a short term simplistic view. Proper examination of fundamentals and technical analysis for entry and exits together combined leads to success in my HO.


should read "Too many on the forum..."

[Atomic5]

I dont have a problem with JRV.
I just have a problem with INL.

... and so do INLs shareholders...
INLs shareprice is not looking too healthy.

[Col Lector]

Re INL's "stupidity"......the words astute.......strategic even, seem more appropriate. Hey Atomic...INL has its base in the chem engineering dept at Syd Uni....these guys are talent that JRV should welcome aboard.

[kennas]

Funny, I've never seen a change of interest notice accompanied by a little note effectively kicking sand in the face of the company you own shares in...:confused: Funny, funny stuff.

[chops_a_must]

Re INL's "stupidity"......the words astute.......strategic even, seem more appropriate. Hey Atomic...INL has its base in the chem engineering dept at Syd Uni....these guys are talent that JRV should welcome aboard.
Knowledge does not = wisdom.


Funny, I've never seen a change of interest notice accompanied by a little note effectively kicking sand in the face of the company you own shares in... Funny, funny stuff.
Yep, it was quite bizarre. If INL wanted to deal with a business of mine, I'd want to tell them to F**K OFF! as well. By the sounds of it, they are like one of those women, that if they can't have what they want, will destroy everything around it. Bad news this company. What a disgraceful attitude. Who do they think they are talking to? 16 year olds?

I mean christ, grow up ffs. Sour grapes anyone?

[Atomic5]

Re INL's "stupidity"......the words astute.......strategic even, seem more appropriate. Hey Atomic...INL has its base in the chem engineering dept at Syd Uni....these guys are talent that JRV should welcome aboard.

It's their words! not mine .... unfortunately. Now they're even on record as lying - 'wasn't us who sold shares but the disappointed public'. Id call selling 120million shares "SELLING SHARES".

[Col Lector]

Perfectly round, delectably sweet grapes here.....and I am an INL & JRV holder

[Col Lector]

Knowledge does not = wisdom.


Yep, it was quite bizarre. If INL wanted to deal with a business of mine, I'd want to tell them to F**K OFF! as well. By the sounds of it, they are like one of those women, that if they can't have what they want, will destroy everything around it. Bad news this company. What a disgraceful attitude. Who do they think they are talking to? 16 year olds?

I mean christ, grow up ffs. Sour grapes anyone?

Obviously they have been talking to someone (Purcell) who has so little faith in the prospects for JRV that they offload shares at the first opportunity. Pretty disgraceful! Is probably planning to offload another chunk or two when the Chinese come back and ignite a bit more interest

[skint]

I'm not sure why INL bothered to deny it was them selling JRV shares. At the same time as the "JRV tells INL to shove it" ann. came out, a 50 000 000 sell order was plonked on the market at .028. They didn't even try and disguise it by selling in smaller lots. Funny management at INL but at the end of the day I guess they have 8% or so of JRV for diddley squat.

[Atomic5]

I can just see the INL guys now - geek nerd pimpled science types with bifocals and 7 gigabytes of porn, and NO socially redeeming features.

[Col Lector]

INL is required to inform the market re changes in share ownership, ie lodge substantial shareholder change notice.....as they have now done. I hardly think it appropriate to spill the beans to a "Mining News" interviewer

[Atomic5]

Takes 1.2 seconds for an email to circumnavigate the planet, slightly longer for a fax, but not that much longer.

Col that hand is creepy btw.

[Col Lector]

Thats the hand of someone suffering extreme exposure......to the resources sector.
BTW....if JRV had just engineered an 8% holding in INL for nix, would you also be critical???
Something to be said for those of a nerdish/geekish persona....

[greggy]

In this sorry saga, INL have come out of it with a pretty handy profit. As for JRV the board may now want to have deeper discussions with the Chinese in order to get moving on the nickel project. With the nickel price so high at present JRV may not get a better opportunity. Throughout this saga, I found the whole drama very interesting indeed sitting on the sidelines. As for the share price, it has also improved considerably.
DYOR

[juddy]

I dont have a problem with JRV.
I just have a problem with INL.

... and so do INLs shareholders...
INLs shareprice is not looking too healthy.

You are far too emotionally attached to this saga pop-moo. It is evident on all websites you post on. Yes, you hate INL and its shareholders. Get over it.

[greggy]

I feel its better to leave the emotion out of investment decisions as it can adversely affect one's judgement and focus. I learnt the hard way in the early days of my trading career (c1979).

[Atomic5]

Knowledge does not = wisdom.


Yep, it was quite bizarre. If INL wanted to deal with a business of mine, I'd want to tell them to F**K OFF! as well. By the sounds of it, they are like one of those women, that if they can't have what they want, will destroy everything around it. Bad news this company. What a disgraceful attitude. Who do they think they are talking to? 16 year olds?

I mean christ, grow up ffs. Sour grapes anyone?

It appears from the partial and sudden sell off that INL were not quite expecting a complete rebuttal from JRV, OR otherwise had sense enough to not try and attempt another sell-off before the announcement as they had done before the meeting some weeks ago, as the sale of appox. 110million shares (not 120m) would have attracted ASX / ASIC attention this time I imagine.

[hangseng]

This needs repeating: because JRV disagree with INLs process which sees the addition of sulphur to the chloride leaching process. JRV are interested in the process initiated by Jaguar but DO NOT LIKE how INL have progressed it and prefer a patented method known as the Aspen method which they may trial in a pilot plant this year.

Why would INL keep shares in a company that might prove them wrong using an INL competitor's patent???? Plus, INL sound vindictive.

Pursell at least had the decency to warn his shareholders on Wednesday before INL posted their notice on Thursday - NOT that anyone listens to Pursell (his lips move but no-one listens) as on Thursday morning the die-hard INL fans were still buying JRV at .034, only to see an intraday of .026, and a two day low of .023.

If anything, the only thing evident so far is how stubborn INL 'supporters' (fans?) are in admitting that JRV don't favour the INL process and are happy to seek alternatives with INL competitors.

"patented method known as the Aspen method which they may trial"

I am now firmly of the opinion that this trial will take place and be fully funded by the Chinese with CSIRO involvment. The Chinese are visting again March/April for exactly this purpose to view the JRV labaratory trila in practice. JRV know what they have and made an (excellent and clear) executive decision accordingly.

The arrogance demonstrated in the INL report today did INL nor their shareholders any favours at all. Very poor show indeed, taking my bat and ball home stuff.

I would like to know when INL commenced the selling of the shares in relation to the news getting to market. Selling prior to the public announcement could be viewed as none other than insider trading IMO. I am sure others would have liked an opportunity to make an assessment on whether to sell or hold on the back of the news rather than what occurred. Then publicly bragging of the sale and consequent "free hold" of JRV shares is flying in the face of people who may have lost over this and quite frankly is offensive.

Thumbs down to INL over todays announcement.

[greggy]

If and when the Chinese come again, it will be interesting to see what eventuates from here. With such a large nickel resource, it would be a pity for all concerned if it remains underground.
DYOR

[Col Lector]

Methinks this below (JRV ASX announcement March 21) is an excessively (even dangerously) optimistic statement for a responsible director to make.....
Pursell would find very few that would agree that Nickel will exceed $50K USD in the Medium term. Especially given that it will be at least 3 years before JRV nickel reaches market. By that time expect metal from Goro, Ravensthorpe & Lionore (African Activox) ....amongst others.... to fill the supply deficit.

Jervois’ Managing Director, Mr Duncan Pursell said, “The demand for nickel continues to soar, with
record prices recently surpassing $50,000 per tonne as low stocks and supply side constraints kick
in.
“Given the state of the market, buoyant nickel prices well above $50,000 per tonne are forecast for
the medium term. The Board is now considering a number of processing routes for the ore at
Young in light of the positive market dynamics going forward”.


Not surprising INL found negotiations difficult in light of this "pie in the sky" attitude of Pursell

[Col Lector]

I would like to know when INL commenced the selling of the shares in relation to the news getting to market. Selling prior to the public announcement could be viewed as none other than insider trading IMO. I am sure others would have liked an opportunity to make an assessment on whether to sell or hold on the back of the news rather than what occurred. Then publicly bragging of the sale and consequent "free hold" of JRV shares is flying in the face of people who may have lost over this and quite frankly is offensive.

Thumbs down to INL over todays announcement.

Hey Hangseng, While you are looking at "Insider-trading" indiscretions.....how do you catergorise Pursell's sale of 6.3 million shares at an average 3.45cents on March 8???? At this point people were still buying into JRV...the outcome of discussions was stated to be at least a couple of weeeks away.
Couldnt be that Pursell had already decided to reject INL's advances, and the delay in final discussions was a ploy to distance himself from this selling???

[greggy]

Hey Hangseng, While you are looking at "Insider-trading" indiscretions.....how do you catergorise Pursell's sale of 6.3 million shares at an average 3.45cents on March 8???? At this point people were still buying into JRV...the outcome of discussions was stated to be at least a couple of weeeks away.
Couldnt be that Pursell had already decided to reject INL's advances, and the delay in final discussions was a ploy to distance himself from this selling???

Hi Col Lector,

You have a very good point there. Pursell's sale of 6.3 million says a lot of what he thinks of the company, a negative sign indeed. The timing was also poor indeed. As for people buying in at around the same time, investing in specs is very risky indeed. People make their own choices. I chose not to buy JRV or INL for that matter.
DYOR

[Col Lector]

gidday greggy, Definitely not transparent behaviour....particularly knowing that the interest in JRV was going to continue right up to the outcome of discussions were announced.
Re specs....but arent all shares "specs" to some degree??eg, even with BHP you are speculating what the state of the various commodities are in x years time??

[greggy]

gidday greggy, Definitely not transparent behaviour....particularly knowing that the interest in JRV was going to continue right up to the outcome of discussions were announced.
Re specs....but arent all shares "specs" to some degree??eg, even with BHP you are speculating what the state of the various commodities are in x years time??
I've invested in blue chips from time to time, but enjoy playing the specs more so. I understand where you're coming from but feel that you can't put the likes of BHP etc in the same boat as JRV and other specs. Good blue chips generally have good long term records, have earnings and pay dividends.
DYOR

[Col Lector]

Take the point. I do think that companies such as JRV particularly deserve the spec term in that you have to speculate how much of the information put out there is reliable. I have been to date targetting small producers (Ni,Zn mainly) that are expanding production. Effectively a speculation on both the commodity price and the management capability. INL fits this profile.

[hangseng]

Hey Hangseng, While you are looking at "Insider-trading" indiscretions.....how do you catergorise Pursell's sale of 6.3 million shares at an average 3.45cents on March 8???? At this point people were still buying into JRV...the outcome of discussions was stated to be at least a couple of weeeks away.
Couldnt be that Pursell had already decided to reject INL's advances, and the delay in final discussions was a ploy to distance himself from this selling???


From what you have highlighted I would agree with you. I hadn't researched all of the goings on on either INL or JRV, I just noticed todays anouncement sticking in the face of people. Poor taste IMO.

I bought in on Friday on the low and sold out today at .027. Far too volatile for my liking at present.

[kransky]

Hey Hangseng, While you are looking at "Insider-trading" indiscretions.....how do you catergorise Pursell's sale of 6.3 million shares at an average 3.45cents on March 8???? At this point people were still buying into JRV...the outcome of discussions was stated to be at least a couple of weeeks away.
Couldnt be that Pursell had already decided to reject INL's advances, and the delay in final discussions was a ploy to distance himself from this selling???

Very good point!

I sold my JRV shares after the negative announcement INL made about the meeting they had and the fact that they had sold part of their stake.

Ah the potential was there for a great partnership.. but some of the longer followers of JRV had warned us about the directors and this turned out to be true imo..

I'd love to see a hostile takeover in a few months time if the SP goes under 1c...

:)

sorry to all holders..

[explod]

Must be due for an update on the uranium lease prospects soon. With the ALP mellowing towards this issue we should expect an uptick on this front if the vague promises have any substance. Just opening the day in a wondering mood and off to the casino for a few days working the trends on roulette. Works better than the market sometimes

[Atomic5]

Pursell was recently quite good with his recent announcement timing which showed some shareholder sensitivity:

Announcements due soon we hope:

- Uranium Update: JV with New Age - license and exploration (which was put on hold)

- Developments with the Chinese MOU - Chinese visit

- Plans for the pilot plant / Nickel processing for revenue generation

[Atomic5]

Very good point!

I sold my JRV shares after the negative announcement INL made about the meeting they had and the fact that they had sold part of their stake.

Ah the potential was there for a great partnership.. but some of the longer followers of JRV had warned us about the directors and this turned out to be true imo..

I'd love to see a hostile takeover in a few months time if the SP goes under 1c...

:)

sorry to all holders..

And will INL have to seek 90% approval from shareholders again? Seeing as they had the market on their side this time, to the point where INL even used it to cover up their sell/dump, then why didn't they in effect perform the takeover? They only had another 5% of shares to acquire?

INL refer to themselves as almost making stupid moves: they may have been in full knowledge as to how unnacceptable their offers really were, so much so as to not even put it to JRV shareholders who were mostly on their side. As it is we dont know the details of it and probably won't.

Laterite processing is the next phase for Nickel. The remaining Nickel resources are in this form. If the world wants Nickel for the next 10 years, it has to mine laterites. The Young resource cant be that unique.

Chip Goodyear from BHP this morning said that metal prices will likely remain high from the next 10 years due to the forseeable demand.

Sooner or later something has to happen for this laterite deposit.

[Sodapop]

Laterite deposits can be a nightmare for so many reasons (the processing methods for laterite ores from one depsit can vary phenomenally between different parts of the weathering horizon) - and Young is in the scheme of things very low grade... There are many undeveloped laterite resources that would be way ahead in the line to get developed in terms of grade... Unfortunately Young is in the sub-tropical zone (which means that the chemical and temperature weathering has been weak - thus leading to a lower Ni grade)... Were this deposit in QLD we would be talking about an entirely different situation...

There`s a decent study on laterite processing on-line somewhere (i will try to find it and post the link)... Might make some sobering/interseting reading (for some)...

[Atomic5]

Pursell is at the mine in Young at the moment and not in Melbourne.

It is debatable as to whether he would inform the market that the Chinese were in town, however he was definitely preparing for it with the evaluation survey for Young he commissioned weeks ago, and the leaching trials to be done within a month (which is said to have been done by the CSIRO - though Pursell does not appear to have said it, and only annouced the evaluation survey retrospectively).

As for laterites - it's the only type of unmined Ni left, as the other traditional sources are running out. Canada and China already process laterites and it is a billion industry. (I've read heaps SodaPop - and Im not even interested in mining).

Apparently Young is well positioned transport wise and the resource total is huge. We already know that it is comparitively low grade. About 1/2 the strength of Noumean deposits which hold some 22% of the worlds Nickel. Australia holds slightly less - only some 20% :)

Were this in Queensland you would probably be dodging cyclones in the wet season.

At this point I'm glad JRV decided not to share his 'fortune cookie $' with INL -

INL wanted to make a profit out of JRV in one way or another which is probably why they are also keeping 8% of the shares (after pumping and dumping the share) - and without having to reveal their offer to JRV shareholders whose approval they needed - meaning also that Pursell gets the blame for the shareprice drop, with INL denying that they were responsible for it by dumping stock to the press.

It has taken 5 years to get to the point where we are almost at a breakthrough with the technology. Pursell purchased Young when Laterites were very bad news in Australian mining: now they are the future of Nickel mining. He stands to make a fortune and good luck to him.

Day traders don't like Pursell: so what.

[greggy]

Pursell is at the mine in Young at the moment and not in Melbourne.

It is debatable as to whether he would inform the market that the Chinese were in town, however he was definitely preparing for it with the evaluation survey for Young he commissioned weeks ago, and the leaching trials to be done within a month (which is said to have been done by the CSIRO - though Pursell does not appear to have said it, and only annouced the evaluation survey retrospectively).

As for laterites - it's the only type of unmined Ni left, as the other traditional sources are running out. Canada and China already process laterites and it is a billion industry. (I've read heaps SodaPop - and Im not even interested in mining).

Apparently Young is well positioned transport wise and the resource total is huge. We already know that it is comparitively low grade. About 1/2 the strength of Noumean deposits which hold some 22% of the worlds Nickel. Australia holds slightly less - only some 20% :)

Were this in Queensland you would probably be dodging cyclones in the wet season.

At this point I'm glad JRV decided not to share his 'fortune cookie $' with INL -

INL wanted to make a profit out of JRV in one way or another which is probably why they are also keeping 8% of the shares (after pumping and dumping the share) - and without having to reveal their offer to JRV shareholders whose approval they needed - meaning also that Pursell gets the blame for the shareprice drop, with INL denying that they were responsible for it by dumping stock to the press.

It has taken 5 years to get to the point where we are almost at a breakthrough with the technology. Pursell purchased Young when Laterites were very bad news in Australian mining: now they are the future of Nickel mining. He stands to make a fortune and good luck to him.

Day traders don't like Pursell: so what.
Hi Atomic5,

Pursell hasn't exactly got the best track record in relation to JRV. His recent sale of 6.3 million shares in JRV speaks volumes of what he really thinks about the company. To have sold that many is definitely a negative sign. Your last comment indicates that you've been caught up in the emotion of it all as other ASF members have indicated. The Young Nickel Project has heaps of potential, but maybe JRV need new management in order to move the company forward.
DYOR

[Sodapop]

http://www.csaaus.com/documents/public/publications/godpaper.pdf

Here's that article - good detailled primer on laterites (and why sulphides will still be the primary ore feed for some time yet...)...

Sorry - but that is the reality... Of course if we see US$20lb prices in the mid-long term (that picture may change) - but that is some way off yet...

[Atomic5]

Greggy,

I see a lot more emotion coming from guys on this thread ....Please dont start that again ... .... or maybe I am being 'unAustralian' again ???

This is a JRV thread. Not an INL shareholder thread. The merger is over.

Are we allowed to discuss JRV here or not?

re: Insider trading - Track back in this thread and you'll see I was the first to bring up insider trading for both INL and Pursell. Then read what others said. Is there a difference between trading by insiders and insider trading? You tell me.

Also, it was obvious from Pursell's FIRST fax dated 26th Feb 2007, regarding the meeting that he doubted it was of value to JRV. He implied (warned) it time and time again but shareholders just wouldnt believe it until they heard it from INL. Look back at my posts - even Crazy Jim Smith had warned that nothing would come from the meeting long before the meeting. . It was obvious back then that INL would dump stock.

I agree though, it wasn't the wisest move on Pursell's part, but I can also imagine how tempting 4c looked after years and years of <.006c.

When should he have sold then if he personally needed cash?

Re: Pursell is not in his Melbourne office, he is at the mine.

I was careful not to post a rumour - hence 'it is debatable as to whether the Chinese visit would be announced." etc ....

Who knows what the management arrangement will be after a Chinese deal. Pursell is close to retirement. His project then would have been to research the processing potential for the Young laterite resource over 5 years. Maybe he'll take the profits and go .... who knows....

[Atomic5]

http://www.csaaus.com/documents/public/publications/godpaper.pdf

Here's that article - good detailled primer on laterites (and why sulphides will still be the primary ore feed for some time yet...)...

Sorry - but that is the reality... Of course if we see US$20lb prices in the mid-long term (that picture may change) - but that is some way off yet...

Have you read the article? Its chart only goes up to 2001.

BHPs Ravensthorpe US$2.2bn plant is set to go now and it is laterite. Its construction was started in 2004. The processing start delays are due to staffing in that they need to go overseas to find staff.

[Sodapop]

I'm on the fence on this one - but the jury is out on Ravensthorpe... and BHP has the critical mass to get stuff like that going - and they have made their fair share of mistakes in the past - HBI anyone? (and that Utah based Cu mine - i forget)...

[Atomic5]

Im not a mining expert, but there seems to be some hot competition over the laterite process. Here's what the newspapers said about the hydromet fur fight.

Unfortunately, we dont get to be privy to the insider details of all this.

INTEC LIGHTENS JERVOIS LOAD

THE AUSTRALIAN - March 27, 2007

AFTER being shown the door on a possible merger with Jervois Mining, Intec have sold down its 14.5 per cent stake in Intec to a fully diluted 8.33 per cent holding.
Intec had picked up the stake in Jervois late February and called for a summit meeting between the two to discuss possible merger opportunities.

It bought the Jervois shares for an average price of 1.16c, selling them on the market for an average price of 2.73c.

Intec, a Sydney University-based company with its own chloride hydromet process, denies it wanted the tie-up with Jervois to get direct access to Jervois' own chloride leach technology.

Instead it said the reason it wanted a merger would remain "commercial in confidence".

Whatever the reason, at least it has a cornerstone stake in Jervois and didn't have to fork out too much to do so.

[greggy]

Greggy,

I see a lot more emotion coming from guys on this thread ....Please dont start that again ... .... or maybe I am being 'unAustralian' again ???

This is a JRV thread. Not an INL shareholder thread. The merger is over.

Are we allowed to discuss JRV here or not?

re: Insider trading - Track back in this thread and you'll see I was the first to bring up insider trading for both INL and Pursell. Then read what others said. Is there a difference between trading by insiders and insider trading? You tell me.

Also, it was obvious from Pursell's FIRST fax dated 26th Feb 2007, regarding the meeting that he doubted it was of value to JRV. He implied (warned) it time and time again but shareholders just wouldnt believe it until they heard it from INL. Look back at my posts - even Crazy Jim Smith had warned that nothing would come from the meeting long before the meeting. . It was obvious back then that INL would dump stock.

I agree though, it wasn't the wisest move on Pursell's part, but I can also imagine how tempting 4c looked after years and years of <.006c.

When should he have sold then if he personally needed cash?

Re: Pursell is not in his Melbourne office, he is at the mine.

I was careful not to post a rumour - hence 'it is debatable as to whether the Chinese visit would be announced." etc ....

Who knows what the management arrangement will be after a Chinese deal. Pursell is close to retirement. His project then would have been to research the processing potential for the Young laterite resource over 5 years. Maybe he'll take the profits and go .... who knows....
Atomic5,

Firstly, I labelled you as being un-Australian because you said Aussie investors were weird. If you read between the lines I was just taking the mikey out of you as they do in this great land. Aussies have a great sense of humour, so don't take it personally.
Another thing, I felt that your comment along the lines of "Day traders don't like Pursell, so what" was an emotional response. You say that there's a lot of emotion coming from the guys on this thread. I feel that you're currently in first place on this score.
We live in a democracy here and this is the best forum going around, so please continue to speak your mind. No one is stopping you and I enjoy a bit of the banter going around as long as things don't get out of hand.
So please cheeer up and chill out!
DYOR

[Atomic5]

Day traders do not like Pursell was based on an observation of what happens prior to his announcments - the sp goes down. If the announcment is good, it goes back up.

That probably comes from the fact that the last 5 years of research and no production have yielded little for traders.

Things are becoming interesting with JRV but trader attitudes towards the stock are still tinged with past performance, and perhaps understandably so, as there is little clue as to the waiting period....


If you wouldnt mind sparing me the liberal aussie psychoanalysis. You have no idea what you are talking about so please leave it/me alone. Take it somewhere else. Thanks. Nothing personal.

[greggy]

Day traders do not like Pursell was based on an observation of what happens prior to his announcments - the sp goes down. If the announcment is good, it goes back up.

That probably comes from the fact that the last 5 years of research and no production have yielded little for traders.

Things are becoming interesting with JRV but trader attutudes towards the stock are still tinged with past performance, and perhaps understandably so, as there is little clue as to the waiting period....


If you wouldnt mind sparing me the liberal aussie psychoanalysis. You have no idea what you are talking about so please leave it/me alone. Thanks. Nothing personal.
Nice post until I read your last comment "You have no idead what you are talking about so please leave it/me alone". You've been rude to a number of people on this forum so why don't you just leave us alone.
Thanks. Nothing personal. LOL!!

[kennas]

Guys, cool it. Don't care how it started, but leave the personal comments behind, or in PMs. Any further will be deleted. Cheers! :D

[Atomic5]

Dont worry Kennas, Greggy is ok. We're friends really. Arent we Greggy :D

This thread could do with a chart. Seems like JRV has rebounded from a bit of weakness today.

[greggy]

Dont worry Kennas, Greggy is ok. We're friends really. Arent we Greggy :D

This thread could do with a chart. Seems like JRV has rebounded from a bit of weakness today.
Hi mate,

I think we've both got over it very quickly and moved on. People can agree to disagree.

[Atomic5]

I found this on HC, a posting by Optimist. (kudos Optimist)

Link is a bit strange: haven't been able to open it myself.

http://www.gyip.net/web/netoffice/swapfile/download_web.aspx?down_epid=52901d99c4568ee20f9656 f809d664a5

On 2-20 December 06, four GuangYe delegates attended the 21th NSW and GuangDong Joint Economic Meeting (JEM)………….

During the JEM, GuangYe delegates had business meeting with Petron Energy Holdings P/L, Ocean International Group Holdings P/L, White Energy P/L, Oceanic Multi Trading Holdings P/L, AMP YEmai Instrument Co, Jervois Mining P/L……………………….."


...from its news page on 4.2.07 :

"On 29-31 Jan 07, four Jervois Mining delegates visited our company, in discussing the cooperation of nickel mines development, coal trading and environmental protection technology. In 29’s afternoon, both parties discussed the Young Nickel development project, Jervois delegates then visited GuangYe’s three enterprises (Iron sulfide, Energy and environmental protection).

GuangYe’s senior management had involved in the meeting, under the friendly atmosphere, both parties discussed the resource, technology and economics of the project, the form of cooperation was also discussed. During the discussion, we all have the consensus that further communication was required, a MOU was signed at the end.

This co-operation discussion meeting opened the way of implementing the “Go Overseas” strategy and vigorously bring in strategic partner."

[mango65]

I can just see the INL guys now - geek nerd pimpled science types with bifocals and 7 gigabytes of porn, and NO socially redeeming features.

Obviously Atomic5 you have not done your homework re personnel at INL.

Hard headed business men and dedicated researchers with no pimples; no bifocals; and more than likely no porn. When I visited Intec I found the personnel to have very good social skills.

Do some research on INL.

[Atomic5]

:D :D :D

[Atomic5]

The anouncement has not been made but there is an update to the Chinese visit as announced in Mining News previously, instead of March/April, the Chinese have apparently accepted to return in "early May".

You can fnd this out by writing or calling the company.

Here's a technical update on the Young Resource. It does seem like time is of the essence here in order to capitalise on Nickel prices. Lets hope Chip Goodyear is right in saying that high metal prices will endure for at least 10 years.

Jervois hopeful for laterite success

Thursday, 22 March 2007
Kate Haycock

ON THE back of nickel's recent record highs, New South Wales-focused junior Jervois Mining announced yesterday that after considering a range of processing options for its nickel project in Young, its major focus would now be proving that chlorine leach processing can be used successfully with the nickel-cobalt laterite ore from the project.

The company said it had carried out test work for nickel and cobalt recovery using three different processes – high pressure acid leach, atmospheric pressure acid leach, and atmospheric chloride leach.

While high pressure acid leach had higher recovery rates of 93&#37; for nickel and 97% for cobalt, compared to rates from 70-92% for nickel and 85-94% for copper with chlorine leach, the company has flagged the former as its preferred method.

Jervois company director and exploration geologist Anthony Jannink told MiningNews.Net that Jervois was focusing on the chloride leach processing for the ore from the 167 million tonne nickel and cobalt laterite resource at Young because it was the most economic.

"High pressure acid leach is a process that Murrin Murrin uses and Cawse and Bulong both tried to use," Jannink said.

"It is a very expensive system, even though it has a good recovery rate. Because the nickel price is so huge right now the process is economic. [But] if the nickel price comes back down to a normal price as it was two years ago, that process would close down as well.

"Chlorine leach is much less expensive, it doesn't have these very high temperatures or very high pressures that the high pressure leach has. Chloride is a strong acid as well but at least you're not boiling it up to high temperatures and under high pressures."

Jannink also said that a third method, atmospheric pressure acid leach, was not suitable for the geology at the Young deposit.

"Atmospheric pressure leach works well on the lowered horizons – saprolite and weather serpentinite, it's pretty hopeless on hematite and limonite. We just don't get much recovery from those. [At Young] we have to mine the hematite and limonite to get to the saprolite, so we wanted something that we could use on the hematite first."

Jervois was not the only company investigating chlorine leach processing for nickel laterite deposits, Jannink said.

"The big boys are looking at chlorine leach processes, the BHPs and the Mincos and so forth. But I think we're more advanced than we are – they're watching eagerly what we're doing."

Despite the fact that nickel laterite has proven a difficult substance to mine efficiently, Jannink said the company was very hopeful about the project's future.

"We know we can do this on the laboratory scale and we're about to start a larger scale trial … and we're getting an independent laboratory to do some bigger scale testing for us.

"Next month in April we've [also] got a major drilling program at Young, which will both help to prove up the deposit and produce a lot of samples, say five to 10 tonnes, which will go into bigger scale testing. We should have samples ready by June," he said.

"The main task is to get this thing to work."

Additionally, Jervois announced yesterday that it had commissioned a report into viability of a low-grade ferro-nickel production at Young.

[Atomic5]

Wow! Is JRV going to be taken over or what?! :eek:

[Atomic5]

Nope maybe not.

Someone is selling 11million shares at pre-open.

[resourceboom]

IMO JRV issued the ann yesty to do 2 things.

1) Placate shareholders who have likely barraged them with questions over the merger!
2) P!ss off INL so they dump all their holdings.

And I think they have achieved both goals. I hold INL and have sold out of JRV.


Nope maybe not.

Someone is selling 11million shares at pre-open.

[powerkoala]

back to 1.7c
is the impact of dispute with inl really concerning ?
down from 3.3c since "war" started

[Atomic5]

That might have been the oppies dump by INL
It was holding at .020 with the BUY stack rebuilding and then whoosh
looks like INL migt be all out now


Is this kind of thing legal? first there was insider trading, ..... now they're destroying the company.

I get the feeling this is what Pursell wanted, INL out, before he announces the Chinese visit, so that they dont profit any further. He said they were coming in May.

[YOUNG_TRADER]

I traded this a few times during rise, but haven't touched it since I saw a few weeks back a JRV director was dumping his holdings on mkt, never a good sign that


Good luck guys

[mango65]

Have a look at Mango65 Post in INL thread. Time about 3.30 today. Why JVR dropped today I have no idea but that is the stock market.

[Atomic5]

It was probably an oppie dump by INL. Until they are out this will not progress further.

It will only take one ann. for JRV to spike. Any Chinese investment will see JRV in blue skies.

$2.5m is hardly anything to brag about unless your perspective is that it is a lot of money. In mining terms and in Nickel production terms it is nano-money. INL just continually strike me as juvenile. Where's the scientific or technical rebuttal regarding the rejection of the proposal.

[greggy]

I traded this a few times during rise, but haven't touched it since I saw a few weeks back a JRV director was dumping his holdings on mkt, never a good sign that


Good luck guys
Hi YT,

I haven't trade this one of late especially when I found out that Pursell, a JRV director, had significantly reduced his holding. Now that INL has sold its entire holding of shares for a $2.5 million profit, maybe its removed the overhang for this stock. It will be very interesting to see what happens next, but I'll be just watching from the sidelines.
DYOR

[Atomic5]

I traded this a few times during rise, but haven't touched it since I saw a few weeks back a JRV director was dumping his holdings on mkt, never a good sign that


Good luck guys

He took a profit. He retained 2/3 of his shares. His wife is still a major shareholder. Maybe he paid for the commissioned evalutation with it.

and + that was such a long time ago in the course of events. Hardly affected the share price at the time or later. INL also sold at the same time. What did that mean? and they were the eager 'hopefuls' at the time.

[greggy]

He took a profit. He retained 2/3 of his shares. His wife is still a major shareholder. Maybe he paid for the commissioned evalutation with it.

and + that was such a long time ago in the course of events. Hardly affected the share price at the time or later. INL also sold at the same time. What did that mean? and they were the eager 'hopefuls' at the time.

Hi Atomic5,

Clearly JRV and INL had a bit of a blow up. Hence, they figured out they couldn't work together and parted company. As a result, INL has since sold all its shares in JRV, but has retained a large number of options. Maybe it will be up to the Chinese to move the Young Nickel Project forward from here. With nickel prices still very high now is a better time than never.
DYOR

[Atomic5]

Hi YT,

I haven't trade this one of late especially when I found out that Pursell, a JRV director, had significantly reduced his holding. Now that INL has sold its entire holding of shares for a $2.5 million profit, maybe its removed the overhang for this stock. It will be very interesting to see what happens next, but I'll be just watching from the sidelines.
DYOR

Pursell has yet to publically announce the Guange Ye visit which has allegedly now been set for "early May" as in his email to me.

Also he has to announce the findings of the commissioned evaluation and Ni leaching testing of the Young resource which is being done by an independent company as part of the commission. I expect that this is all for the benefit of a presentation for the Chinese. The final results are due before June, ie: before the expiry of the MOU.

If he pulls this off, it will result in INL having been shrewdly shut out with as little profit and credit (credibility) as possible.

.

[mango65]

Sorry Atomic5, INL's dump was not options; but shares. INL still holds options up its sleeve. Why INL did not deem an answer to JVR's previous announcement I don't know. I think INL realised that they were knocking their head against a brick wall that did not want to know them. Brick walls are hard to talk to under the best of conditions.
Ore in the ground is one thing; a bankable feasability study to prove the economics of it can have a large time delay, (INL is still waiting for its BFS result on its polymetallic process from Worley Parsons 7 months after concluding its successful Demonstration Plant trial), then building the plant so that processing can begin is another time delay. There is the need for a lot of money between the ore and the metal.
When INL pays for its options at least JVR will get $1 million to soldier on with. However it will then have a heap more shares to sell.
Obviously you have not read my post about 3pm today on INL's thread.

[Atomic5]

Mango sorry JRV is really not interested in INL.
The sooner they are part of JRVs forgotten history the better.

[greggy]

Pursell has yet to publically announce the Guange Ye visit which has allegedly now been set for "early May" as in his email to me.

Also he has to announce the findings of the commissioned evaluation and Ni leaching testing of the Young resource which is being done by an independent company as part of the commission. I expect that this is all for the benefit of a presentation for the Chinese. The final results are due before June, ie: before the expiry of the MOU.

If he pulls this off, it will result in INL having been shrewdly shut out with as little profit and credit (credibility) as possible.

Sounds like interesting times ahead for JRV come what May.
DYOR

[Sodapop]

It was probably an oppie dump by INL. Until they are out this will not progress further.

It will only take one ann. for JRV to spike. Any Chinese investment will see JRV in blue skies.

$2.5m is hardly anything to brag about unless your perspective is that it is a lot of money. In mining terms and in Nickel production terms it is nano-money. INL just continually strike me as juvenile. Where's the scientific or technical rebuttal regarding the rejection of the proposal.

Sorry Atomic5 but i find that slightly ironic given your little spleen vent last week about geeks, porn, etc... Some might say the same about JRV but would substitute a word that rhymes with "shameteur"... Certainly having followed them for a few years i am in that division - i`d imagine some interesting conversations were had by all parties involved during the tie-up negotiations... Suffice to say i have found this whole INL/JRV soap opera an amusing diversion from other ASX concerns...

[YOUNG_TRADER]

Atomic,

JRV's Young Nickel deposit is Laterite, to find out how difficult it is to get Laterite projects going just ask BHP's Ravensthorpe management,

INL has proven leach technology which could have very well solved the extraction problems over here, but JRV didn't think so, being a minnow I'd say their eyes are bigger than their stomach's. Good luck to them but I think INL's involvement would have almost guaranteed development, sounds like JRV want to have the cake and eat it too, lol if they thought INL were difficult to negotiate with, just wait till they start negotiating with the Chinese.

Day traders favourite, so like you said a small ann and off it'll go, good luck to all :)


Regards

[Moneybags]

YT,

I gain more respect for you everyday..........well said.

MB

[Atomic5]

Looks like a bit of price manipulation was in action there.

Yesterdays dumpers are back today as buyers trying to get back in at a lower price. If JRV holders had any collective sense they'd make them buy back in at a higher price.

Re: Laterite - isnt RMI also laterite and with almost the same inground value?

[Atomic5]

Atomic,

JRV's Young Nickel deposit is Laterite, to find out how difficult it is to get Laterite projects going just ask BHP's Ravensthorpe management,



I thought they had fast forwarded that quite well - they have built a US$2.2bn plant in two years (late 2004 - early 2007) and in a remote WA region. If any one has ever been to a WA country town you'd have some idea at how truly isolated and unserviced those places are.

They say the problem they are having now is staffing it and are having to get people from overseas to go live in Ravensthorpe. No-one lives in Ravensthorpe, let alone Ni extraction experts. BHP are having to build up the whole town service infrastructure (food supplies! etc) so that BHP employees can live there.

I'm not sure JRV have they same intentions. I think JRV will take advantage of it's vicinity to transport services and get the ore out of there. As yet we have no idea as to where the leaching will be done but JRV have already stated that they are hoping to be using the next generation of technology, not the method employed by BHP.

[explod]

Why the sudden volume today, single large buy at 1010hrs

[marklar]

Why the sudden volume today, single large buy at 1010hrs

The chinese are coming?

m.

[bigdog]

SP up 0.3 cents (12.5%) and volume great today at 11:16

JRV $0.027 +$0.003 +12.50% 30,461,131 shares $780,341
@ 26-Apr 11:16:36

[bigdog]

JRV was the most traded share today

JRV 0.027 +0.003 +12.50&#37;; 0.028 high and low 0.024 107,965,903 shares $2,865,639 @ 26-Apr 04:10:08 PM

Two ASX ann today after closing
JRV 5:04 PM Third Quarter Activities Report

http://www.asx.com.au/asxpdf/20070426/pdf/31244b5byt2kh1.pdf
Lots of things on the go at JRV according to the report

I hope there is more to this company than the first item reported!!!

The first item was amusing where reported that: 459.609 ozs fine gold produced and sold for $384,476.85 in management report to shareholders.
-- I would have thought that the "ozs" should have been rounded to 459 ozs!!

JRV 4:37 PM Third Quarter Cashflow Report
http://www.asx.com.au/asxpdf/20070426/pdf/3124381zxvy6yf.pdf

Cash at end of quarter $5,667,274

[explod]

Price and volume up the last few days and larger buyers showing up for the pre-open this morning would indicate some action re the chinese evaluation soon perhaps

[Lion King]

When are they going to make the announcement regarding the Chinese MOU direction. This stock is just plodding at the moment and needs some good news.
I have long term views for this particular stock but are hopefull that some positive news will see the SP jump (I can live in hope anyway).
If they can somehow manage to extract the Nickel - the sky's the limit !!!

[miiine]

When are they going to make the announcement regarding the Chinese MOU direction. This stock is just plodding at the moment and needs some good news.
I have long term views for this particular stock but are hopefull that some positive news will see the SP jump (I can live in hope anyway).
If they can somehow manage to extract the Nickel - the sky's the limit !!!

I used to hold this stock. I think if the Chinese get on and provide financial backing JRV will get off the ground. If not, prepare for JRV to plummet... with nickel laterite they need all the help they can get to get nickel out of the ground. The other main risk is that if nickel prices plummet, then bye bye JRV.

I hope that everything goes well for you mate - the above is only my own opinion.

[explod]

The six month agreement with the Chinees assessors ends in August as far as I can make out. If the news is positive then something should surface soon, if not then the outlook may not be the best. It is hard to predict with this mob as their announcement history tends to favor the investing management more than anyone else in my humble opinion. However due to the sheer size of the resource and its location I am keeping faith at this time. Remember back six months or so ago they made a big hoo haa about uranium leases and preliminary surveying commencing, which ramped the share price initially then nothing since on that item.

May be a few of us medium holders should get together and have someone of our own elected to the board. However at .58% the resource is weak and unless nickel continues to rise may be not worth the effort

[bigdog]

ASX ann today
The market seemed to like ANN with 75 million shares traded in first hour with SP up 27&#37;

JRV $0.028 +$0.006 +27.27% 75,444,676 shares $1,923,522 18-May 11:00:55

18-05-2007 10:32 AM JRV Technical Visit - Guandong Guang Ye 18 May 2007
http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00722178

Re: Technical Visit – Guandong Guang Ye Assets Management Co. Ltd
Delegates of Chinese investment company, Guandong Guang Ye Assets Management Co Ltd (‘Guang Ye’), reached agreement with Jervois Mining Limited to move to a formal joint venture for the possible future development of the Young nickel laterite project in NSW. A delegation from Guang Ye recently concluded a ten day study tour of the Young project and Jervois Mining’s Bullabulling gold project in Western Australia.

At a meeting in Jervois’ offices on May 17, Guandong Guang Ye Assets Management Co Ltd expressed continued interest in the Young nickel/cobalt laterite project. Preliminary terms about Guang Ye’s participation as a joint venture partner in the project were discussed. The delegates from Guang Ye have collected all the data on the project and will put a joint venture proposition to that company’s board at its next meeting. There have been many enquiries from Jervois shareholders with regard to the outcome of these negotiations.

The delegation visited Jervois Mining’s mineral properties at Young, NSW (nickel and cobalt) and Bullabulling, WA (gold production). The group also visited the Metcon Laboratories in Brookvale, NSW, the site of metallurgical test work. The Guang Ye delegation was hosted at dinner in NSW parliament house by the Minister for Mineral Resources, the Hon. Ian Macdonald during its visit.

The group also met with Ms Cathy Dillon, Manager, Mineral Development, Australian Government Department of Industry, Tourism and Resources and met the Mayor of Young, Mr Gerry Bailey. Infill drilling for metallurgical samples, to be sent to China for evaluation by Guang Ye, has commenced. At Bullabulling the delegation visited the mine site where the gold heap leach
operation and associated carbon columns created great interest. Guang Ye believes the Bullabulling heap leach of laterites may be relevant for some resource types at Young, NSW.

Earlier this year Jervois Mining negotiated a Memorandum of Understanding (MOU) with Guangdong Guang Ye Assets Management Co Limited in relation to the Young, NSW, nickel/cobalt laterite project. Guangdong Assets Management Co Limited is a company wholly owned by the Guangdong Provincial government in China. Under the terms of the MOU Jervois
granted Guang Ye an exclusive six month mandate to join the Young project.

[skint]

ASX ann today
The market seemed to like ANN with 75 million shares traded in first hour with SP up 27%

JRV $0.028 +$0.006 +27.27% 75,444,676 shares $1,923,522 18-May 11:00:55

18-05-2007 10:32 AM JRV Technical Visit - Guandong Guang Ye 18 May 2007
http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00722178

Re: Technical Visit – Guandong Guang Ye Assets Management Co. Ltd
Delegates of Chinese investment company, Guandong Guang Ye Assets Management Co Ltd (‘Guang Ye’), reached agreement with Jervois Mining Limited to move to a formal joint venture for the possible future development of the Young nickel laterite project in NSW. A delegation from Guang Ye recently concluded a ten day study tour of the Young project and Jervois Mining’s Bullabulling gold project in Western Australia.

At a meeting in Jervois’ offices on May 17, Guandong Guang Ye Assets Management Co Ltd expressed continued interest in the Young nickel/cobalt laterite project. Preliminary terms about Guang Ye’s participation as a joint venture partner in the project were discussed. The delegates from Guang Ye have collected all the data on the project and will put a joint venture proposition to that company’s board at its next meeting. There have been many enquiries from Jervois shareholders with regard to the outcome of these negotiations.

The delegation visited Jervois Mining’s mineral properties at Young, NSW (nickel and cobalt) and Bullabulling, WA (gold production). The group also visited the Metcon Laboratories in Brookvale, NSW, the site of metallurgical test work. The Guang Ye delegation was hosted at dinner in NSW parliament house by the Minister for Mineral Resources, the Hon. Ian Macdonald during its visit.

The group also met with Ms Cathy Dillon, Manager, Mineral Development, Australian Government Department of Industry, Tourism and Resources and met the Mayor of Young, Mr Gerry Bailey. Infill drilling for metallurgical samples, to be sent to China for evaluation by Guang Ye, has commenced. At Bullabulling the delegation visited the mine site where the gold heap leach
operation and associated carbon columns created great interest. Guang Ye believes the Bullabulling heap leach of laterites may be relevant for some resource types at Young, NSW.

Earlier this year Jervois Mining negotiated a Memorandum of Understanding (MOU) with Guangdong Guang Ye Assets Management Co Limited in relation to the Young, NSW, nickel/cobalt laterite project. Guangdong Assets Management Co Limited is a company wholly owned by the Guangdong Provincial government in China. Under the terms of the MOU Jervois
granted Guang Ye an exclusive six month mandate to join the Young project.

Amended announcement out:
Line 1-3 now read " Delegates of Chinese investment company, Guandong Guang Ye Assets Management Co Ltd (‘Guang Ye’), reached agreement with Jervois Mining Limited to continue negotiation towards a formal joint venture for the possible future development of the Young nickel laterite project in SW."
Subtle but important difference. DP really needs to get his act together with regard to JRV's announcements.

[Sodapop]

Hahaha... Sounds like JRV management need to proofread their anns. before they release them... This announcment could REALLY hurt JRV in the short-term, especially if the JV negs break down... I say this as an ex-JRV shareholder (who sold out of the fairytale) - but many will be ropeable about this announcement getting released as it was in the first form (cause it definitely was price positive in the extreme compared to the re-release)... Anyone a lawyer??? - i do recall in tort law - there was the tort of due care - would this fall under that???

Like i said - i don`t care but i can`t fathom how this got realesed in its first form...

[greggy]

Amended announcement out:
Line 1-3 now read " Delegates of Chinese investment company, Guandong Guang Ye Assets Management Co Ltd (‘Guang Ye’), reached agreement with Jervois Mining Limited to continue negotiation towards a formal joint venture for the possible future development of the Young nickel laterite project in SW."
Subtle but important difference. DP really needs to get his act together with regard to JRV's announcements.
JRV management just doesn't get it. Its amazing how a change of phrase can make such a huge difference. One minute they've reached an agreement the next says "continue negotiation". JRV's share price has come off its daily high as traders continue to digest this news. An "F" for Proof Reading Ability.
DYOR

[tinkus]

Looks like its going down again! I going to hook in at .024:) I hope the joint venture kicks in after that, as that would be sweet. Any how this one seems risky and I'm not sure which way to go, but .024 might be safe! I hope!

[greggy]

Looks like its going down again! I going to hook in at .024:) I hope the joint venture kicks in after that, as that would be sweet. Any how this one seems risky and I'm not sure which way to go, but .024 might be safe! I hope!

I've had a look at JRV in the past. I'm just not willing to back its management as I don't have any faith in them, so do most traders. Just have a look at its past history.
DYOR

[explod]

BASE METALS
THE PIG IRON FACTOR
Citigroup worries about sharp correction in nickel price
Citigroup’s equity research unit Tuesday expressed worry about a sharp correction in nickel prices, calling the supply demand situation “an accident waiting to happen.”
Author: Dorothy Kosich
Posted: Wednesday , 06 Jun 2007
RENO, NV -
While Citigroup has increased its long term nickel price projection from $4/lb to US$6/lb, metals analysts Alan Heap and Alex Tonks termed the supply-demand situation "an accident waiting to happen."
Noting that "nickel prices have been resilient under an accumulation of bearish news, supported by a short squeeze," the analysts declared that they don't believe "these conditions will last. A combination of increasing supply and demand destruction will bring a sharp correction in prices."
In their analysis published Tuesday, Heap and Tonks expressed concerns that the nickel market is "unstable, and prices could halve over a few months when the fundamentals begin to bite."
Nonetheless, Citigroup also forecasts that primary nickel demand in the major consuming economies will increase 10%, while global demand will rise 8%. Several factors could harm primary demand, however, including stainless destocking, substitution of high nickel alloys, and substitution of primary nickel by scrap.
Although LME nickel stocks have doubled from their April low point, Citigroup noted that "total reported stocks remain low and the market is still fundamentally tight."
Meanwhile, they also asserted that "the surge in production of nickel in pig iron presents an important source of new supply and one of the most important threats to the sustainability of high prices." Their research determined that New Caledonia exports are displacing Philippines ore for nickel in pig iron production.
"Production of nickel in pig iron reached 30kt of contained Ni in 2006, up from virtually zero in 2005," Heap and Tonks wrote. "We now estimate that production in 2007 will be around 70kt, and by year end running at 100ktpy." In the meantime, pig iron capital costs are almost zero although producers may be required to produce a higher quality product, they suggested.
Citigroup estimated pig iron operating costs to average US$8-$12/lb.
Among the factors which could cause a sharp decline in the pig iron production:
• A fall in the nickel price
• Environmental problems involving mines in the Philippines and at blast furnaces
• Governments may restrict or ban the export of nickel ores. "This seems highly likely and such proposals have already been made in Indonesia and New Caledonia."
In contrast to the supply outlook for other base metals growth, "growth in nickel supply will be determined by the outlook for a few major projects," Citigroup suggested.
Citigroup's analysis asserts that barriers to nickel entry into commodity markets are increasing. "Most of the new supply will be from laterite projects [accounting for more than 90% of new supply] which are expected to face high capital costs and technical challenges."
Capital costs for new laterite projects average US$11.33, sulphides US$4.50, according to Citigroup.
"The cash cost curve is expected to continue to steepen on a trend basis, and industry average cash margins to widen as a consequence," the analysts predicted.


Such moves could make the huge resource near Young NSW a very reasonable propostion. Notice in a recent blast by the Company that the laterite is now regarded as .72% which to my memory is up from .58% under discussion some months ago