SDV 1.67% 61.0¢ scidev ltd

$3m Mkt Cap Clean Water stock breaking out, page-42

  1. 6,965 Posts.
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    It is a fact that INL has very bad history & has destroyed massive wealth ( it must be the Tassie curse that BSM didn't escape either)
    It was a money munching machine.
    Earlier holders before the 10:1 consolidation were wiped out....With a little help from a parasite called La Jolla Cove.
    This is past tense , but it will always leave a bad taste to those that are still holding from the glory days.
    The current board made every effort to sever the ties to the old Intec....A few remnants still exist ( BSM holding & royalties , IIP royalties ,Zeehan Zinc slag dump....Small assets that could be monetized)
    It now has a real business (albeit small) & resonable asset base.
    There is evidence of cost cutting (INL hasn't raised cash since 2012)
    SciDev may be profitable , but "corporate" INL is not.....It is still cash flow negative & running at a loss.
    I must add that the market is taking notice of this dog....Up 150% from the low of 0.006 a few months ago....It is among the recent outperformers.....A very admirable effort from a so much hated outfit.
 
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