Investika Di Share Discussion Threads

[horneblower] 04/3/2008 11:56

JT, it was a real question. I hadn't noticed that one was $/lb and the other $/metric tonne. The log3 factor should have alerted me.
Question: What's ironic about french trains? Answer: SNCF

[horneblower] 04/3/2008 11:39

peroman, lol

[peroman] 04/3/2008 11:37

hb
yeah, you diggit... nickel I mean :)

[horneblower] 04/3/2008 11:12

OK. I'm with you. 2,000 US lbs in a US ton, which is about the same as a metric tonne. I do wish our American cousins would haul themselves into the 20th century☺

[peroman] 04/3/2008 11:03

hb,
Half price is 14 USD/lb, which is the same as 31.000 USD/MT

[horneblower] 04/3/2008 10:43

Yes but why $31,000/tonne when the current price is half that?

Ironic nickel, geddit?

[jtcod] 04/3/2008 10:24

HB
Calculation for Free on Board (FOB) shipping deal in Berong.

1.5m Wet Metric Tonnes pa x 1.5% content x 70% to convert to dry x $31,000/tonne x 15% (10x content) x 25% IVK cut x 50% coversion to Sterling = £9.15m all expenses paid.

It requires the Dangla Road planning to get up to 1.5m wmt pa volume. Otherwise it will remain around 1m wmt and £6m profit pa.

As ever all IMHO and DYOR of course.

[horneblower] 04/3/2008 10:09

JT, $31,000/tonne.
Is this the ironic nickel price?

[pec2004] 04/3/2008 09:45

I just know that 1 or 2 years time I will really be kicking myself for not buying more of these around these levels. Just don't have the funds spare at the moment.

[jtcod] 04/3/2008 09:23

Can you imagine what would happen to the share price if/when Dangla Road planning is granted?

At 1.5m wmt pa it would mean £9.15m net profit pa for IVK at 1.5% content and $31,000/tonne Ni price imo.

[pec2004] 04/3/2008 08:06

I'm now thinking that IVK has finally, at last broken the shackles that have always tied its share price to that of TMC. Perhaps people are now seeing IVK for more than just the stake in TMC/BNC.

[nghomi] 04/3/2008 07:34

The share price is still 30% lower than three months ago while copper prices are more than 32% up! And three months ago share prices were too depressed imo!

[pec2004] 04/3/2008 07:00

Up again in Aus, news expected any day on the copper project.

[7kiwi] 03/3/2008 22:49

Looks like stock is tight. A single buy of 10K shares caused the uptick of 6p today.

[jtcod] 03/3/2008 13:00

Anyone want to hazzard a guess at a sale price for Belitung?

[strow] 03/3/2008 08:01

Stemis-bhp were at one point interested in belitung-they might be again with commodity prices the way they are-either way,lets hope they get something for it

[stemis] 02/3/2008 19:16

I don't think a major would pick up Belitung. If they do sell I would expect it would be to a junior explorer in exchange for shares.

[nghomi] 02/3/2008 19:08

strow, I hope you are right and we get something more than nothing for BNZ. Given the fact that zinc prices are picking up, you may well be right. Market had discounted the BNZ since November anyway so any news can only be good!

I have noted that copper prices has surpassed the recent 12 months-high. We are now $3.8l/lb (against $2.6/lb 12 months ago) a 45% rise. I don't know if this rise is a blip or it would carry on. However, it could only be a good thing for IVK and post BFS fund raising later this year.

I agree with SteMis though. I would not add any more until I see some fruitful results from copper project. It seems that we have to wait 24 months to see the outcome.

It seems that IVK is tryig to be smart by peaking up undervalued assets in this market, (e.g. 100k shares in TMC) :-)

[strow] 02/3/2008 09:46

AND we have to add to that any money that they may get from the sale of belitung-wont all look so bad if they sell it for anything decent-may just be that given the patchier mineralisation than first thought,that it is now considered too big a risk for them,given the size of the company and other projects etc-a major may still be very interested and gb has links of old with at least one-lets see if they can do a deal for it-its all a question of trusting the managements judgement on this-they have mentioned that their current cash could be used for aquisitions,so im sure they will now be on the lookout again-something gold related wouldnt hurt

[nghomi] 01/3/2008 17:00

SteMis,

While I agree that it is not good to give 1.15m shares for BNZ when you know it is a write-off. But you have to look at the bigger picture. The deal was done at the same time as the fund raising at $4.30 agreed:

"raised $12.9 million in new equity through the placement of 3 million shares at $4.30 each."

Remember when share prices were £1.50, they issued 2.9m at £1.90! Nobody could understand the logic then. (In fact more recently the share price was £1.05, IVK raised 100k at A$4.30 or £2 per share)!!!!

What about we say that IVK raised $12.9 by issuing 4.15m shares! This would make the fund raising at A$3.10. Which is more believable to most of us!

[strow] 29/2/2008 10:56

Sort of agree,but at least we dont have to worry about whether belitung will or wont be a success now-it seems to be all priced in now-nice cash position and ck and team now have lots of options available to them

[stemis] 29/2/2008 10:05

So we gave 1.15m shares in IVK away for Belitung knowing that it was pretty much worthless. It looks very much like CK helping out his mates.

I'm afraid its stuff like this, the welter of related party transactions and the absence of any real independent voice for outsider shareholders which keeps a lot of investors out of shares like IVK (and why it is therefore on such a discount) and indeed TMC.

They have some potentially good projects but until we get more visibility of how the benefit of them is going to accrue to outsider shareholders, I won't be risking anymore of my own money.

[strow] 29/2/2008 09:37

Yes it appears so-add to that cks own purchase-interesting...