JML - Jabiru Metals

[adobee]

$51.92 million through the issue of up to 64.9 million shares at an issue price of $0.80 per share, predominately to international and domestic institutional clients of Hartleys Limited (“Hartleys”) and existing major shareholders. Hartleys is Lead Manager to the Offer.

Rippa does a capital raising at a discount 14c discount the day after I get on thinking there will be a strong break out .. teaches me to do more research..

Well hopefully Hartleys start giving more coverage and positive feedback to their clients ...

 

[adobee]

Massive Sulphide Lens Discovered at Stockman • 16 metre discovery intercept of new massive sulphide zone (estimated true width) • Discovery in third hole drilled at Stockman • Visual grade estimates very encouraging (assays awaited) • New lens potential to add to massive sulphide inventory at Stockman • Drilling programme ongoing

Hopefully this will have a massive affect on the share price which has been falling since my buy in for the last few weeks ...

 

[lucifuge]

Something caught my eye while looking at the recent chart for JML, over the last year. Visually, it seemed to follow the behaviour of the All Ords much more closely than most other stocks I can think of.

With respect to the last years worth of data:
1. You can see the relationship in the first pic.

2. I then did a scatterplot, you can see high, level of correlation (actually the linear correlation = 0.8658^2 = 93%). See 2nd pic.

3. Finally I built a simple linear model JML = x0*Intercept +x1*AORD. That is, simply predicting JML on the basis of AORDs.

I built this model using 9 months of data and predicting what JML would have done on the basis of AORDs pattern alone!! check it out. (see 3rd pic). The forecast is the orange line after the dashed line (i.e the forecast window of most recent 3 months) pretty close hey.

Conclusion? OK, one doesnt 'cause' the other obviously. But I might buck the AORD's if it increases by buying up on JML at next turn! Watch this space

 

[doogie_goes_off]

Bought in on the strength of their presentation yesterday, JML appear to have nailed the strategy for small producers - focus on low cost operations. Also plenty of cash on hand with $0.80c capital raising for $50M = less downside. I really like their prospects and I'm confident this is the start of a new uptrend. Will see if I have to but should be OK.

 

[Out Too Soon]

Well I certainly hope 12c was rock bottom because I got caught holding a heap of these shares, My fault- asleep at the wheel.

 

[dmagnus]

How are people feeling about this stock?

it appears they still make money zinc side, no cash cost info for copper so assume bad news there.

 

[Out Too Soon]

How are people feeling about this stock?

it appears they still make money zinc side, no cash cost info for copper so assume bad news there.

I'm wondering how ppl feel abt this stock even more-so now that mines are being mothballed in WA. I imagine it would be a disaster if JML had to go into hibernation.

 

[big sal]

NJot too much movement on this one in February but if we can get through the sellers at .12c (660,000 units) then could see another quick rise to .15-.16c (as we saw happen in mid january before the drop again), otherwise plenty of buyers in the .10-.11c range.

 

[big sal]

Another encouraging announcement from JML out this afternoon (19 Feb) re Bentley. A couple of excerpts below:

"Jabiru Metals Limited (Jabiru) is very pleased to announce significant new results from the next round of drilling at Bentley. Massive sulphides have been intersected above, below and along strike from the discovery hole ..."

"Such a discovery only 4.6km from the Jaguar concentrator has the potential to add considerable life and production to the project."

Something to look forward to for JML holders. This most recent news may be what is required to push JML back up through the .12c barrier.

 

[big sal]

JML up over 22% today on good volume of 5.4M units, and buyers now outnumber sellers considerably.

The positive announcements out on 19 February and 10 March can hopefully kick start JML's share price recovery.

 

[big sal]

If the sellers in the 16-17c range can be cleared then this one could head north rather quick.

Large volume of 6.68M units went through today, so looking good. Plenty of buyers (about 5.36M units) vs less sellers (about 1.84M units) and about 1.3M of those sit around 16-17c.

Anyone else out there following JML? Seems the announcements of 19 Feb and 10 March have gone relatively unnoticed.

 

[Sweet Synergy]

Hi Sal,

Yes I like the look of JML .... I posted charts today in Potential Breakouts, thought they might be of interest here too.

As you said nice strong vol today ... and as the charts show, breaking above a few key lines as well.

 

[Mikii]

yes indeed it did break out. i still hold, looks like this week will be interesting. lets see if it holds in the 20's, or even breakout to new highs of 30's...time will tell. good to hear they paid all their debts and are open to new projects. re last ann

 

[CapnBirdseye]

Looks like lots of support above 20. All gains on reasonable volume too. Next resistance at just over 30c. Closed near day highs yesterday, may push near 30c today maybe?

 

[big sal]

will be interesting to watch how JML starts the week? hit 29c last week for a short period before finishing at 26.5c. has had a great run up from 10c and with sellers now increasing seems profit takers moving in which could see JML retrace a bit. but medium/long term still looks good

 

[adds]

JML into a trading halt today regarding a proposed capital raising. JML is debt free so this must be for something good

 

[happytown]

ann released earlier regarding the capital raising

up to 46,000,000 @ .25, to raise up to $11.5M (to existing major shareholders)

...

The monies raised will be utilised by the Company to fast-track resource definition drilling and development of the Bentley Project

...

sp currently up approx 12% @ .33, on average volume

cheers

 

[doogie_goes_off]

Complimentary cup and handle forming in relation to capital raising and probable resource growth. Now debt free! Very Important for earnings. Struggling to attach chart, will post later. JML to outperform the lead/zinc producers IMO.

 

[Loose]

ann released earlier regarding the capital raising

up to 46,000,000 @ .25, to raise up to $11.5M (to existing major shareholders)

sp currently up approx 12% @ .33, on average volume

cheers

Happytown when you say sp is up by 12% what do you mean? 12% up from what? and when?
I also don't think JML has been at .33 for over a week unless my info is incorrect?

 

[adobee]

Complimentary cup and handle forming in relation to capital raising and probable resource growth. Now debt free! Very Important for earnings. Struggling to attach chart, will post later. JML to outperform the lead/zinc producers IMO.

I think Jabiru is looking very positive at the moment too... I have started picking this up and think we will see it outperform as long as the market stays positive as is..