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JML - Jabiru Metals

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Loose said:
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?
Click to expand...

at the time of posting the above post the sp was up 12% on the day and was at .33 at that time (ie time of posting - intraday, 2.08pm or thereabouts)

cheers
 
Quite like the look of JML at the moment... I thinking round 33c is now the base and any good annoucement is going to really push back up... Lots of buyers but just needs some good news to get cracking...
 
Guys sorry to ruin your party on Jabiru, as I think it has some great small high grade polymetallic mines (Jaguar & Bentley) which are in the lowest quartile for cash costs. But I don’t see where the growth lies based on these small assets. The only thing this company seems to lack is a large quality undeveloped asset to propel it to the next level. If you look at other small-mid cap miners over the years Oxiana – Prominent Hill, Kagara – Admiral Bay + Lounge Lizard, Western Areas – Flying Fox + Spotted Quoll. I hope I’m wrong and Jabiru pulls a behemoth of a deposit out of its back pocket. I’d like to see this little company do well. I just find it hard to justify investing in it when the upside seems to be capped to some degree.
 
Interesting activity amongst directors, exercising options madly, possibly going to pay a dividend for shareholders and hence the conversion to FPO's ???
 

If you study the geology (Interesting) section of Jabiru's Annual reports over the years I think you'll find there is reference to much larger unproven areas of deposits than is currently shown. Of cause it is unproven hence the sp.
One of the things I like about this company is they are determined to be a profitible producer rather than just a debt-ridden explorer waiting to be bought out.
 
Out Too Soon said:
Yet more proof that JML is bigger than their current "proven" deposits & the sp is again going up in response.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00995302

& I'm holding again since last friday
Click to expand...

Tempted to post this in Potential Breakouts but worried I could be accused of an over optimistic bias in any case, this looks positive to me, considering the sp was a lot higher before the collapse & Jabiru itself is still Fundamentally going from strength to strength. sp is stuck between .395 & .40 today soooo?


 

Totally agree with you. I really like the fact the company is not just ramping up production without taking notice of its cash costs. Jabiru is a well managed company that places a lot of focus on getting its cost structure right and hence why it is in the lowest quartile for cash costs worldwide for zinc production net of by product credits. It kind of reminds me of Kagara’s base metals operations in Nth QLD, great little earners, but much better. The company’s profitability should continue to improve as metal prices continue to rise off their lows and margins widen. But I’m just worried the company doesn’t have a large quality project to take it to the next level. Eg. Terramin - Oued Amizour, Kagara – Lounge Lizard/Admiral Bay/Red Dome, Western Areas – Spotted Quoll etc...The size of the projects Jabiru seems to be finding are relatively small and not what one would call world class. Nevertheless they are well leveraged to rises in metal prices; I just hope the company can find a project with the same quality as their current ones but just on a much larger scale. Something I’m a bit sceptical of but hope to be proven wrong. Out Too Soon would you also guide me to these sections in the annual reports where you see some potential as I’d be very interested to go over this information.
 
OTS – I don’t think we can compare it to Zinifex. Zinifex had some great assets that were very poorly managed. This was compounded by the fact they did nothing to curtail production or resize operations when the GFCs hit letting the company bleed and bleed. Then the company made a very poor acquisitions of Allegiance for a ridiculously high price. Your exactly right Zinifex were very profitable and would be still if run properly. I’m sure that’s what the Chinese saw and thought BARGIN!!! They knew they could get it for a good price because shareholders thought the assets were dogs and were willing to offload them at nearly any price.

Anyhow back to JML, I had brief glance at the announcement, doesn’t seem to be anything to major. These things happen from time to time. The end result, hopefully just lower production rates for the December quarter and possibly into the start of the next quarter, then back to business as usual. From a share price perspective the market didn’t really seem to take much notice. And if you’re not watching the symmetrical triangle formation building, keep an eye on it. A break to the downside may be an early indicator of more bad news to come or the expectations that this will be the case. Good luck with this one OTS, hope it comes good for you and you can tell me and everyone else I told you so.
 
Almost double the original resource at bentley now. Good long term prospects developing for JML now as a producer. The most significant thing in the announcement are the copper grades 150m away! Very good silver grades too with the high silver price the new star of the show in the resources market.

New high grade results outside the resource envelope extends the Bentley deposit a further 150m down plunge:
-
4.3m @ 4.3% Cu, 9.3% Zn, 1.1g/t Au & 156g/tAg
-
10m @ 3.4% Cu, 7.9% Zn, 1.0g/t Au & 200g/t Ag
-
2.7m @11.3% Cu, 0.6% Zn, 0.8g/t Au & 188g/t Ag
-
5.7m @ 0.5% Cu, 28% Zn, 1.3g/t Au & 278g/t Ag
 
Looks to be heading towards a wedge break out, see chart attached. Considering this company has sound fundamentals, eg cashed up & strong cash flows with no bank debt according to the presentation on the 27th Nov 09 seems a low risk play to me.

Daily chart looks good but the one posted is weekly to give a better overall picture. There is a .25c range in the wedge so post break should see a target around the .75 mark. This of course is just an initial target.

The blue line is the ACC/DIS accumulation distribution indicator, which provides strong evidence of accumulation which is a big plus.


 

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anyone has any idea what happen to JML ? Price gone up 15% with huge volume today. I have not found any announcement ?!
 
ep20072008 said:
anyone has any idea what happen to JML ? Price gone up 15% with huge volume today. I have not found any announcement ?!
Click to expand...

Massive crossing done at 2:46pm @ 34c - the 20% stake owned by Consolidated Mining (Taken over in 2008)
Announcement released at 3:50pm - MLX reveals that it has taken that stake.
 
skyQuake said:
Massive crossing done at 2:46pm @ 34c - the 20% stake owned by Consolidated Mining (Taken over in 2008)
Announcement released at 3:50pm - MLX reveals that it has taken that stake.
Click to expand...

Thanks. just found it as well. still amazed by the volume reponse to the annoucement and interesting to see what gona happen to the SP next week
 
ep20072008 said:
Thanks. just found it as well. still amazed by the volume reponse to the annoucement and interesting to see what gona happen to the SP next week
Click to expand...

The volume was pre-announcement; so on the daily charts it looks massive. Otherwise volume was fairly normal.
Funny how they released the announcement an hr AFTER the crossing lol.
 
Its been a long wait but at last some one has seen the value in JML or the under value..

Proposed acquisition of 100% of Jabiru Metals by Independence Group
at an imprice of A$0.961 per Jabiru Metals share by way of an off-market takeover offer Jabiru shareholders to receive 1 Independence share for every 8 Jabiru shares held
 

Great News!
 
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