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JML - Jabiru Metals

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Interesting article in Mining News today. "Jabiru caught in the crossfire", mentions Consmin stake in JML will most likely be sold by either of the two parties involved currently in the takeover talk. Likely suitors mentioned as Perilya and Oxiana. Patterson's has a buy on them at $1.60 and valuations seem to not take into account Benambra. Interesting times ahead, but may not see movement until the Consmin battle becomes clearer. FYI there's a feature article on JML in July edition of Australia's Mining Monthly. I havent see this one though.
 
Hi Guys,
JML has copped it lately, very quiet on the home front, no announcements for awhile. I thought they might kick on once they started producing but not to be it seems.
 
yes lucifuge ,
i think this is just another oversold resource stock and especially with the price of commodities in particular copper, zinc and silver all increasing this has plenty upside

one additional note is the broker report released by hartley's who tip 1.20 .. this year is when they are producing and shipping as per announcement

here is the broker report:

http://www.jabirumetals.com.au/BrokerReports/20080220_Hartleys 19 Feb 2008.pdf
 
Agreed totally.

Of all the stocks I've been following, this one has surprised me the most. The 'spook' factor associated with the subprime must have really cut in with this one. You can see how oversold it was in the following chart with the yellow circle.

 

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do you still hold lucifuge?

hartleys have it at 1.20

for a producer looks undervalued and like you said oversold
 
It's massively oversold!!

Even $1.20 is conservative. This one is a no-brainer. It was up like 16% today! That's roughly 36% over last two days!!!

With the MACD pulling north in conjunction with the increase pricing, and strong white candles, how much more bullish trends do people need? Get on board or miss out it's that simple.
 

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I`ve been on for a bit over 12mths now, didnt even think to buy more just recently when they were down,to busy looking elsewhere.
Still 1.5c behind but its all uphill from hopefully. cheers BJP
 
the oversold stocks are the ones that rise the fastest as market sentiment returns

this is one example
 
lucifuge said:
Even $1.20 is conservative. This one is a no-brainer.
Click to expand...
lucifuge, why is $1.20 conservative? With what you've presented, I find no reason for this to go anywhere. Please add some analysis to back up these 'no brainers' in the future. Thanks muchly, kennas
 
kennas said:
lucifuge, why is $1.20 conservative? With what you've presented, I find no reason for this to go anywhere. Please add some analysis to back up these 'no brainers' in the future. Thanks muchly, kennas
Click to expand...

the fact that record commodity prices such as copper, zinc and silver have not been factored into the share price as were the highs of last year,

the fact that the sharemarket is undergoing a recovery which in the end will boost the prices of most stocks..
 
kennas said:
lucifuge, why is $1.20 conservative? With what you've presented, I find no reason for this to go anywhere. Please add some analysis to back up these 'no brainers' in the future. Thanks muchly, kennas
Click to expand...

Prior to the first of the main crashes last year (around late July 2007), JML had a year or so of 'highs' in a resistance that maxxed out around about the $1.60 mark. The July crash ensued and by mid Oct 2007, sentiment had returned and the stock hit a new high of $1.70. Then the latest crash occured which beset the stock the most. The urgency at which it is currently increasing increasing mimics what occurred in the July 2007 crash. Using all of this including the indicators previously mentioned, I feel that $1.20 is quite conservative. If you draw a trend line through the highs that were formed prior to the July 2007 crash then the best single point forecast you could arrive at would be $2+ (ie today). All of this is why I personally feel $1.20 is conservative.

Apologies if I offended, I was simply putting forward a passion for some analysis I have done on this stock.
 

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Comex May Copper Hits Contract High

Wed, Feb 27 2008, 14:55 GMT
http://www.djnewswires.com/eu/

Comex May Copper Hits Contract High

1455 GMT [Dow Jones] - Comex May copper hit a life-of-contract high of $3.8785 a pound, topping Monday's peak of $3.8640. "It looks to me like we are poised for another leg up," says Sterling Smith, vice president for FuturesOne, who looks for a return to the nearly 22-year-old highs in spot futures above $4. Support comes from the generally strong tone in commodities and weak U.S. dollar, he says. "The global economic picture is showing basic growth," Smith says. The market is bolstered by a combination of fund buying in the futures plus good cash demand, he says. (ALS)

Contact us in Chicago at 312-750-4075; allen.sykora@dowjones.com

(END) Dow Jones Newswires

February 27, 2008 09:55 ET (14:55 GMT)
 
can someone please explain to me why there is a series of parcels under 1000 at 87.5?

is this brokers at work? i noticed most of these were going through today
 
Hi Lucifuge,

"Get on board or miss out"

Thanks for all your graphs and efforts to show how oversold this stock is.

Gained 12.3% today to $0.64 and most of this occured in the last hour of trading.
Recent broker reports from Hartleys and Patersons give target price of
$1.21 and $1.19 so hope JML continues upward for a while.
 
looks like an upward trend is emerging now as its trading above its 21 day average..

with commodities sky rocketing last night should do well,

end of march also sees the recommencement of production
 
JML up nearly 7% today.
ASX announcement (summary of key points)
Production from Jaguar has improved consistantly since modifications to the SAG Mill in Mid March.The mill has consistantly operated at 1,000 tonnes per day during April
at 91 % mill availability.
Concentate recovery rates have also improved with April
averages of 75.5% for Zinc and Copper being 75% for the last
week.Fine tuning of regents is ongoing and recoveries are still
improving.
5,500 tonne (wet) zink concentrate shipment left Geraldton
on April 17th.

Spectrumchaser is a holder of JML shares
 
it is up on good volume today

maybe the zinc shipment received some attention from brokers?

or full production has resumed
 
Just started looking at this strong demand on the buy side.. Only noticed it recently when looking setting up a schedule or LRF holdings...
 
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