You talk of "bad advice"...I can't remember anything but parrot like diatribe from any of your postings...and by the way...the "bad advice" started at .007c!
The problem is that most of the sheep on HC wait until the serious buying is underway before finally commiting funds...which most of the time, is exactly when you shouldn't be buying.
For your information, here is some of the typically "bad advice" I have previously posted on JRV...
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Subject slowly but surely... Posted 24/07/04 10:57 - 111 reads Posted by trade4profit Post #327185 - start of thread - splitview
I have just completed some research on JRV, including looking very closely at their assets and recent history...
I have also read back over many posts here and on other forums, to get an idea what the market thinks.
The concensus would appear to be that JRV is a dog...to be avoided at all costs.
But is it?
Clearly, if you bought prior to the recent issue at .005c, (and didn't participate), your investment is under water, but those who did participate, or who have bought very recently, are currently up 40% on their additional investment.
But is this as far as it will go?
It would appear their track record is not the best when it comes to value adding, with dilution their only real acheivement of late...add the recent manipulation of the stock, which obviously trapped many traders at higher prices...and you can understand why many have a very dim view of JRV.
So why am I interested?
Well...as a long term, quality investment I'm not interested at all, but as a short to mid term trading opportunity, on a stock that has a real chance of a massive re-rating, I am very interested.
So where will a re-rating come from?
Their current gold production is rather modest, but is increasing and will provide valuable cashflow to the company as more reserves are added to the pads...though I'll admit, given current reserves, it will not be enough to add much to the shareprice at this stage.
Importantly however, this gold production should at least underpin the current shareprice and put a stop to any further dilution, while they move closer to the possible development of their major asset...the Young nickel project.
This is where I feel they have their only chance of effecting a re-rating by the market.
Young is huge. It contains over 1,600,000t Ni and 170,000t Co, using a 0.3% Ni cut-off...the problem however, is that it is low grade (.58%) and will be difficult to get at economically without major capital investment...something JRV will never be able to do on their own.
In walks the Chinese with a cheque for $1b to develop the resource and construct a processing plant, leavcing JRV a tiny 2% free carried position....and now we have a different ball game!
Just 2% of 1,600,000t nickel is about AUD$670,000,000...then there is the cobalt!
Obviously their are costs to get all this nickel out of the ground, which is why JRV's shareprice is languishing under 1c.
But given the enormity of Young, even the slightest indication that it may move to the next level, would have a major effect on the value of JRV shares.
I'm in for .007, with small change only though!
The fact that JRV have flagged Chinese interest in Young, I feel, could be significant.
Cheers!
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Subject re: pump and dump job Posted 22/09/04 12:47 - 113 reads Posted by trade4profit Post #372409 - in reply to msg. #372394 - splitview
I'm done with this for today...
Two bites of the cherry is more than enough for one day!
I must say however...much of the action still suggests accumulation rather than simply pump and dump, though there is obviously some of that going on as well.
Over exuberance saw a few go through at 1.1, other than that, it appears the .009c - .01c range is still attracting buyers...in fact, as I type, 67m have traded today, yet the current action is only 7m shares from today's top price.
I think I will be keeping an eye out for any more quick opportunites!
Cheers!
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Subject re: don't know whats happening but volume up! Posted 28/09/04 12:55 - 81 reads Posted by trade4profit Post #376854 - in reply to msg. #376658 - splitview
The big buyer has been taking out entire lines at a time...
First it was .008, then it was .009, both of which were cleaned out in a single hit!
I have noticed he has been placing "at market" buy orders, slightly more than those available and sits patiently, waiting for a trickle of additional sellers...he can do so because not many have been game enough to buy over the top of him.
These sorts of "at market" hits prevent other traders from also buying at these prices...thereby preventing additional overhead from finding it's way further up the queue.
Therefore, as I see it, this run could go a fair way before encountering any serious resistance.
Judging by the size of the orders...10m hits...who ever it is is not an idiot, so either something is up, or a massive pump and dump is in it's early stages.
Apart from the big buyer today, there have been very few other buyers...so he is sort of in control of things at the moment!
I can see +1.2c in comming days!
Cheers!
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Should be more "bad advice" on this forum in my opinion.
Cheers!
JRV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
(20min delay)