Australian (ASX) Stock Market Forum

JML - Jabiru Metals

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Hi all, I just joined and this is my first post. I'm new to trading so please be gentle... JML was the 2nd share i ever purchsed.... so far so good.

Could the halt have something to do CSM?

When CSM made this announcement (http://www.asx.com.au/asxpdf/20061206/pdf/3zzc0cych4r2g.pdf) there was alot of ativity on JML...

Could this be the aquisition that was forcast by CSM taking place?

Do you guys think it will be wise to offload once the price jumps after the announcement or hold on till production starts?
 
steven1234 said:
Hi all, I just joined and this is my first post. I'm new to trading so please be gentle... JML was the 2nd share i ever purchsed.... so far so good.

Could the halt have something to do CSM?

When CSM made this announcement (http://www.asx.com.au/asxpdf/20061206/pdf/3zzc0cych4r2g.pdf) there was alot of ativity on JML...

Could this be the aquisition that was forcast by CSM taking place?

Do you guys think it will be wise to offload once the price jumps after the announcement or hold on till production starts?
Click to expand...

If it is the case, CSM should be in Trading halt as well.
 
Hey all

The current bid is at $1.50. Does this mean when the halt is lifted we can expect the price to jump to $1.50?

Is it common for it to jump higher after the halt is lifted and the announcement is made?

Why would anyone bid $1.50 if the announcement has not been made yet? What if the mine flooded or something?

Steve
 
steven1234 said:
Hey all

The current bid is at $1.50. Does this mean when the halt is lifted we can expect the price to jump to $1.50?

Is it common for it to jump higher after the halt is lifted and the announcement is made?

Why would anyone bid $1.50 if the announcement has not been made yet? What if the mine flooded or something?

Steve
Click to expand...
Steve, match price is $1.02 at the moment. The $1.50 is just a bid for the initial auction.
 
Some VIPs visited the mine site recently. Or maybe they were tourists. It was hard to tell from goog earth.

What could this ann be about? drill results, takeovers....... Or just an update to tell us they are still on track as per usual. I dont think we need a trading halt to tell us they are on track.

The suspense is thrilling me.
 
just a capital raising, watch this stock get dumped on open now. from depth looks like a lot of ppl dumping.

why do they need more capital when there is already 40 million left in loan facility??
 
I bailed out this morning, I'd say the share price will probably fall back to about 85 cents. Might jump back on if it falls to that. Bit of a fizzle of an announcement, I was hoping for something better.
 
dj_420 said:
just a capital raising, watch this stock get dumped on open now. from depth looks like a lot of ppl dumping.

why do they need more capital when there is already 40 million left in loan facility??
Click to expand...

Don't forget they have broker friend needs to be looked after, particularly around Christmas time.

It is a typical collaboration between listed companies and brokers. Brokers use other people's money to bid up price for no reason, or some reasons. Then there is very deep discount placement. The broker will change hefty fee, and taking up the placement shortfalls at very low price. A nice Christmas bonus right?

For long term shareholder, it is just another ugly show. For whoever having suffered a lost, they should sue the broker and the company if they can find out something fishy, or report to ASIC.
 
a rights issue not a placement. there is a key difference. no need for negative posts on the co. everything is still on track. ITs better to use shares rather than expensive debt, cost is less
 
Halba said:
a rights issue not a placement. there is a key difference. no need for negative posts on the co. everything is still on track. ITs better to use shares rather than expensive debt, cost is less
Click to expand...

You are right, in JML case, it is rights issue. But I am talking about a common case, the collaboration between sponsor broker and the company, making a lot of money at the expense of shareholder.

If you read the section 4.5 of PROSPECTUS, the directors and the sponsor broker are virtually given free 3-month options to buy a lot of JML at $0.85 by taking the shortfalls.

I should have not much complaint about it because I have got the share at the fraction of $0.85 long time ago, and I will hold it for a very long time.

I just feel very bad for people who have bought it @$1.02 a couple of days ago, and find out nothing to support the share price at this moment.

PS. I guess this forum allows negative view based on facts, right, Joe?
 
mmmmining said:
PS. I guess this forum allows negative view based on facts, right, Joe?
Click to expand...

Indeed it does. Any view - positive or negative - that can be supported by facts or analysis is entitled to be presented.
 
mmmmining said:
Don't forget they have broker friend needs to be looked after, particularly around Christmas time.

It is a typical collaboration between listed companies and brokers. Brokers use other people's money to bid up price for no reason, or some reasons. Then there is very deep discount placement. The broker will change hefty fee, and taking up the placement shortfalls at very low price. A nice Christmas bonus right?

For long term shareholder, it is just another ugly show. For whoever having suffered a lost, they should sue the broker and the company if they can find out something fishy, or report to ASIC.
Click to expand...

Exactly how long have you been a shareholder for mmmmmining?

I only ask, because those so called dodgey brokers you refer to, have been holding JML's hand when they were a 10c stock back in 2003, they stuck with them and helped them put the Jaguar Project together and kept ensuring there was adequate funding, when SP was stcuk in a 2yr sideways band of 10-20c

Those brokers have done far more for this company then you think, so don't be so quick to judge, also it a rights thats underwritten by the brokers, its not a private placement
 
Take it easy YT, If you think they deserved, fine.

I am talking about a general phenomenon using the term of placement. In this particular cause, I believe JML did much better than others, existing shareholder can benefit from it (except foreigners), and the underwriter's fee is just under 5%.

Just don't get caught by the false share price movement, and you can benefit from it too if you could be the broker's client.
 
I came close to dumping JML this morning,then they opened up on good volume so will stick with them for a while. When a yet to produce minor has a rights issue I nearly always sell and buy back in later.
Just a respectful note Joe on members posts regarding sp views, backed up by fact. Most markets run on rumours and a persons post on a companies sp movement is how that person judges that particular company at that time. Thats how the market works isn't it? porkpie
 
nizar said:
Let me guess you must hold a few ;)
Click to expand...

Hehe yep, nice forecasts bte

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.2 0.8 26.0 30.8
DPS 0.0 0.0 0.0 1.0

EPS(c) PE Growth
Year Ending 30-06-07 0.8 112.5 --
Year Ending 30-06-08 26.0 3.5 3,150.0%

thx

MS
 
JML taking a nice pounding over the last to to three days. Down to around 90c which looks like a nice buying opportunity if looking at long term. Fundementals having changed except the Zinc price keeps falling. Have we finally reached an end point for commodity prices? Or is this another small correction
 

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