nippon deal...what does it mean?, page-11

I don't think amy long termers are going to think the current share price is "a reasonable price".... at 5.5c my holding is worth a tad over 10% of what I paid for it.

yesterdays buying was a stupendous overreaction to a fairly positive announcement IMO.

My interrpetation of the announcement is that INL SOLD some additional rights to JX Nippon for $5,000,000. Thats it. No more. there is no partnership, there are no royalties, they got a cash injection and the ability to use JX Nippon's tech (if they should find it useful, which it doesn't sound like they think it will be from Daves comment on the inl forum). The two companies will go their separate ways and thats the end of the story.

If I had to hazard a guess as to why the tightness of info in the announcement, I would say that INL hit JX Nippon up for infringement of patents, and that on the condition that this wasn't stated JX nippon agreed to settle out of court for $5,000,000.... pure speculation on my part of course.

If there was more potential for additional revenue from this JX Nippon deal other than the initial $5million, then I would think that it would have been in the announcement, or if not, then there would have been mention of ongoing negotiations which could not yet be disclosed.. Don't want to rain on anyone's parade, but get real guys, don't read more into something than is actually there!!

Tony.