----- Original Message -----
Sent: Sunday, April 18, 2004 11:59
AM
Subject: Re: [sharechat] INL -
Intec
May be a good time to reconsider INL -
Intec.
Summary of Recent:
1) Intec Demo Plant treating polymetallic taillings (NB
polymetallic - numerous metals)
2) 17.2.04 - A$1.43m R&D Start Grant Approved for
IGP Pilot Plant
3) 27.2.04 Half-year Accounts to 31 Dec
2003:
Revenue up 180% to $543,174
Net Loss down to (811,267)
NTA 0.9 cents
4) 2.3.04 Private Investor Issue - 15M @ 11c - $1.65M
placement
5) Ivanhoe Mines - Still major shareholder with
54,141,586 shares
6) 9.3.04 Director Joseph Evans - sold 1M shares of
shares held under HG Engineering on 4 March @ 11.5c - Still holds 2,600,000 in
HG Engineering, 1,100,100 through nominee company as registered holder, and
298,034 unquoted employee options
7) 10.3.04 INL entered an agreement with Zeehan Zinc
Limited to assess merits of (technical and economic feasibility of)
Zeehan using Intec's new Hellyer Mill ($100M replacement value) to
produce commercial quantities of zinc and lead concentrates
- investigating the advantages of toll treatment of 200,000 tpa
lead-zinc-silver - supplementary project work that would
have no impact on Intec's tailings retreatment project - Hellyer Mill is
centrally located for neighbouring project owners - Intec hopes to
gain maximum value from recently acquired Hellyer Mill (over and
above Intec's own Hellyer Metals Project) - Intec is also
talking with other regional project owners (NB In same notice Intec
advised it had commenced a review of the exploration potential of the
tenement portfolio included with their acquisition, and it had initiated
negotiations with third parties re intellectual property also acquired through
the same Hellyer/Tasmania transaction.)
8) 22.3.04 Mr Richard Jenkins joined the Intec
Board as a Sydney-based Non-Exec Director. Companies associated
with Mr Jenkins are significant shareholders of Intec Mr Jenkins role is
to maximize financial outcmes for all Intec shareholders. Mr Jenkins held the
position of Exec Director of Macquarie Bank Limited
(1986-2001), served on the Macquarie Bank Limited Executive Committee
from 1993. He was then apppointed Head of Equities Group and subsequently
co-headed Macquarie Investment Bank which was formed by the merger of the
Equities and Corporate Finance Groups. Shareholding - personal x nil,
Companies Associated - Shell Cove Investment Corporation Limited x 7,000,000
& Kizoz Pty Ltd x 5,184,611 = 12,182,611.
----- Original Message -----
Sent: Friday, March 12, 2004 6:19
PM
Subject: Re: [sharechat] AIR, FRE &
INL
Sorry Tribeca. Just saw your post.
The way I view it (and it's just my personal
opinion); the moment a share is sold at a certain price, that price
immediately reflects its present value.
As an example; I held Intec (ASX-INL) for quite
some time - lost and made money from them as they fluctuated but overall
I've done well from INL.
Recently, INL was trading consistently around
12.5-13.5c - then INL decided to sell a large parcel to a private
investor at 11c.
In addition, I was aware of a large number of
INL shares soon to be released from escrow. Both of these factors concerned me.
First, as a long term INL investor, I must say
I felt a little overlooked whilst reading about the sale of shares at
11c whilst simultaneously looking at my own 12c
shares.
Second, why would anyone (staunch believer or
not) hold a share bought at 12c when the company itself has decided to
devalue it to 11c.
I sold my INL parcel and it appears to have
been a wise move (for now).
Let me stress, there is nothing wrong with INL.
It has the same profile as when it was trading at 12-14c and
higher.
In fact, following recent news it is even
better, and; I still have an unwavering belief in its future growth
potential.
I am waiting for INL to regroup which
I anticipate will take a while longer yet. When the signs are
right, I am likely to venture in again.
NB This is just one individual
investor's opinion.
Regards,
Cris
----- Original Message -----
Sent: Friday, March 12, 2004 12:33
PM
Subject: [sharechat] AIR and
FRE
A few weeks ago, there was a large parcel of AIR shares
sold at a
discount to the market price at the time, subsequently the
share price
has dropped and hasn't really rallied above
.42c.
Also a large parcel of FRE shares were sold in late Feb at a
discount to
the then market price, since that time the market price
hasn't rallied
above $2.15.
I know the market has come
back a bit in recent weeks, but do these
large transactions distort the
market price / valuation of these
companies. Is there a
'perceived' ceiling / cap on these shares in the
short / med
future?
FRE seems a good company but not sure how these
events affect the share
price going forward.
Any advice would be
appreciated as I am kind of new to equities.
Thanks
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