Forum Archive Index - January 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

 

Hi Keith,

 

I recommend going to the ASX website

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=inl&companyName=&principalActivity=&industryGroup=NO

 

and reading the two ASX notices that have had direct relevance to the recent rapid rise:-

1) June 30th 2003

2) Dec 31st 2003

_______________________________________________

 

Intec ASX Notice 30 June 2003

EXTRACT FOLLOWS

 

((re Hellyer (Tasmania))

In-ground metal value as at notice date of 30 June 2003 was A$1.3 billion, and
comprised:

Element Grade Qty In-Ground Value

Gold 2.6 g/t 900,000 ozs A$480M
Silver 88.0 g/t 31,000,000 ozs A$210M
Zinc 2.80 % 300,000 t A$365M
Lead 3 % 330,000 t A$230M
Copper 0.20 % 22,000 t A$ 6M

_________________________________________

Hellyer (Tasmania) belonged to Western Metals. Intec had performed test work on Hellyer and had negotiated an equity arrangement with Western Metals. Western Metals then went into receivership.

 

Receivers of Western Metals have been selling off chunks.

 

On 31st December, 2003 Intec announced they'd been successful in securing Hellyer = direct equity = substantial potential revenue/profit.

 

As at the 31 December, 2003 notice, the value of the Hellyer metals had grown to A$1.6 billion and metal prices have continued to rise.

I recommend getting to know this stock better. They have a website at http://www.intec.com.au/

 

Hope this helps,

Cris

 

 

----- Original Message -----

From: KMTHOR@xtra.co.nz

To: sharechat@sharechat.co.nz

Sent: Saturday, January 03, 2004 6:30 AM

Subject: [sharechat] INL

inl has went up 4 cents on friday with just over 20 mil share traded. does anyone know why there id so much intrest and have we missed the boat

 

keith