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Im really feelin it here. Watching and wondering what to do.urgh. Come on baby up you get.
JML - Jabiru Metals
- Thread starter YOUNG_TRADER
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Ants said:
What was your entry price? I've entered at 46.5 cents. However, I'm not that fussed about the price in the short term. I'm just waiting for some good news to come through that'll give a nice push towards the right direction.
It seems to be recovering a little though.
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Entry @.455 and .46.
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Going to enter at 41.5c
but only small packet.
but only small packet.
Sean K
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Agree. Not really oversold on stochastics, no where near base of B band, and falling through MAs. Wait for a turn around I reakon.
Sean K
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Just momentum and trend indicators. Read up on the ASX web site. You'll need to sign up if your not a member already and go to the online classes. Take you a few minutes to work it all out.
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With Copper Zinc & Silver all headed towards the sky if this stock does not get a move on up another may chomp it up, we know already that CSM & OXR are looking @ it, CSM 33% holder, OXR needs offtake ore to blend @ golden grove, but @ these levels its so cheap we may see another bid from the side,
Anyway here's a CSM related article
CONSOLIDATED MINERALS LTD (ASX: CSM) – ASX OPEN BRIEFING
Date of lodgement: 10-May-2006
Title: Open Briefing ®. Cons Minerals. Strategy Update
Record of interview:
corporatefile.com.au
Consolidated Minerals Limited (CSM) recently announced some nickel production and exploration success. CSM is now a diversified mining company and you are taking over as Managing Director from Michael Kiernan from 1 July 2006. Where do you expect CSM to benefit from your leadership? Do you expect to introduce any significant changes in strategy? In broad terms, where do you expect the future growth focus to be?
Rod Baxter
Michael has very effectively put CSM on the map and provided a very sound foundation for our next growth phase. I see my role as driving the growth and diversification strategy he has put in place through what is essentially a two-point strategy. The first is to deliver against our production targets including introducing cost control and productivity efficiencies at our operations. I also want to maintain the very good exploration track record CSM has established. I’ll be able to draw on my experience at Anglo-American to achieve those objectives.
The second part of our strategy will be growth and diversification through our organic growth prospects as well as acquisition opportunities, to further grow and diversify our production base.
The future growth of CSM is our nickel and copper/zinc production. At the moment, about 70% of our revenue is from manganese and we want to reduce that to about 40% within a few years with the balance coming primarily from nickel and copper/zinc. We’re doing that for two reasons; because we want to grow the company and also to make sure that we’re not overly reliant on manganese.
My background with Anglo American involved a lot of business development work and I intend to maintain and encourage the entrepreneurial flair that has been so successful under Michael’s leadership. However, I want to bring a greater focus on decision making, due diligence and corporate governance and to introduce systems to reflect the fact that we are now an established, mid-cap mining company.
CSM holds nearly 33% in Jabiru Metals Limited which is developing its Jaguar Project (100%) 300 kilometres north of Kalgoorlie in Western Australia. The Jabiru share price has been very strong since January. Can you update progress and timing for the project?
Rod Baxter
Development of Jaguar started towards the end of last year and the box cut was completed by contractors at the end of March 2006. Jabiru is currently developing the decline which has progressed about 70 metres. In parallel, they are refurbishing the old Cadjebut mill to convert it to a concentrator, they have commenced site earthworks and completed the plant design. Everything is on track for dry commissioning of the concentrator by early 2007 and we expect first ore production by mid 2007 which meets the original plan.
Anyway here's a CSM related article
CONSOLIDATED MINERALS LTD (ASX: CSM) – ASX OPEN BRIEFING
Date of lodgement: 10-May-2006
Title: Open Briefing ®. Cons Minerals. Strategy Update
Record of interview:
corporatefile.com.au
Consolidated Minerals Limited (CSM) recently announced some nickel production and exploration success. CSM is now a diversified mining company and you are taking over as Managing Director from Michael Kiernan from 1 July 2006. Where do you expect CSM to benefit from your leadership? Do you expect to introduce any significant changes in strategy? In broad terms, where do you expect the future growth focus to be?
Rod Baxter
Michael has very effectively put CSM on the map and provided a very sound foundation for our next growth phase. I see my role as driving the growth and diversification strategy he has put in place through what is essentially a two-point strategy. The first is to deliver against our production targets including introducing cost control and productivity efficiencies at our operations. I also want to maintain the very good exploration track record CSM has established. I’ll be able to draw on my experience at Anglo-American to achieve those objectives.
The second part of our strategy will be growth and diversification through our organic growth prospects as well as acquisition opportunities, to further grow and diversify our production base.
The future growth of CSM is our nickel and copper/zinc production. At the moment, about 70% of our revenue is from manganese and we want to reduce that to about 40% within a few years with the balance coming primarily from nickel and copper/zinc. We’re doing that for two reasons; because we want to grow the company and also to make sure that we’re not overly reliant on manganese.
My background with Anglo American involved a lot of business development work and I intend to maintain and encourage the entrepreneurial flair that has been so successful under Michael’s leadership. However, I want to bring a greater focus on decision making, due diligence and corporate governance and to introduce systems to reflect the fact that we are now an established, mid-cap mining company.
CSM holds nearly 33% in Jabiru Metals Limited which is developing its Jaguar Project (100%) 300 kilometres north of Kalgoorlie in Western Australia. The Jabiru share price has been very strong since January. Can you update progress and timing for the project?
Rod Baxter
Development of Jaguar started towards the end of last year and the box cut was completed by contractors at the end of March 2006. Jabiru is currently developing the decline which has progressed about 70 metres. In parallel, they are refurbishing the old Cadjebut mill to convert it to a concentrator, they have commenced site earthworks and completed the plant design. Everything is on track for dry commissioning of the concentrator by early 2007 and we expect first ore production by mid 2007 which meets the original plan.
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With Copper ($8,600+ t) Zinc ($3,990+ t) Silver ($14.50+ oz) JML's project NPV has probably doubled, this stock just like TZN and CBH is flying under the radar, it will be huge once mkt realises the potential of their Jaguar Deposit,
Sean K
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JML has taken a pounding the past week. Hasn't held up nearly as well as some of the other juniors. Has this lost everyone's support?
A few punters were picking this up between .40 and .45c. Now at .37c.
Haven't heard much from YT since the market became gloomy. You taken the 'go away in May' call literally?
This is entering oversold territory by my calculations and may find support at .35c. RSI hitting 30, sp going way under the bollinger band.
Look for a turn around on this one soon. Most probably when resource prices rebound, although that's a bit of a no brainer I suppose.
A few punters were picking this up between .40 and .45c. Now at .37c.
Haven't heard much from YT since the market became gloomy. You taken the 'go away in May' call literally?
This is entering oversold territory by my calculations and may find support at .35c. RSI hitting 30, sp going way under the bollinger band.
Look for a turn around on this one soon. Most probably when resource prices rebound, although that's a bit of a no brainer I suppose.
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I bought in at 44c and am thus in some thick redness at the moment on JML.
I'm not gonna bail on it though because I feel the fundamentals for the company remain strong.
I am toying with averaging down my holdings by buying some more at the current levels. However everytime I've been on the verge of taking on some more, its dropped another 0.5c...so I'm warily watching it for the moment.
I'm not convinced it has stopped dropping yet...
I'm not gonna bail on it though because I feel the fundamentals for the company remain strong.
I am toying with averaging down my holdings by buying some more at the current levels. However everytime I've been on the verge of taking on some more, its dropped another 0.5c...so I'm warily watching it for the moment.
I'm not convinced it has stopped dropping yet...
Sean K
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It's going to rely on the general commodity prices unless they come out with a big statement. Like CSM takeover. Once the dust settles this will be a good stock to pick up, or add more.
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This bastard is making me sick.. I really want to sell out. Emotionless trading my but. I hate this turd. :swear: Im seeing this bastard get to .30 and hovering unless any news comes along.
There that feels better
p.s i hope i am terribly wrong
There that feels better
p.s i hope i am terribly wrong
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Market sentiment may have changed, but JML's general business case hasnt.
They've got good backing in the form of CSM, and a close buddy in OXR. Their in-ground resources are good quality and they will be producing in first part of 2007 at a decently low cost.
Even when zinc and copper were half the current prices, JML was a good play.
They've got good backing in the form of CSM, and a close buddy in OXR. Their in-ground resources are good quality and they will be producing in first part of 2007 at a decently low cost.
Even when zinc and copper were half the current prices, JML was a good play.
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kennas said:
Mate you said it except for me its 'hold throughout May/June and return late June'
Check my thread 'Value in resource stocks'
Like I said, JML is worth 60c @ Zinc price of $3,000 copper of $6,000 and silver of $12, so just like sellers of OXR in OCT, sellers of JML will be sorry,
Kipp
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YT0 what do you think of JML's partner (well majority owner) CSM? They have been crushed down to $2.24, but three broker reports from the last year all valued it over $3.20. Originally solely a Manganse producer soon to be More Ni and Fe.YOUNG_TRADER said:
Apologies, I know this isn't a JML post.
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YT. I dont doubt your selections one bit. Your research is impeccable. I have faith this will get to your expectations. Though I did sell out I havnt mastered my emotions on trades yet. Plus I am playing with borrowed money and I am also applying for more finance for another property so I was rationalising by saying I needed the money back on my loans to increase my chances on that deal.
I will be keeping a keen eye and will get back in once my loan application has been approved and interest in JML starts again.
I will be keeping a keen eye and will get back in once my loan application has been approved and interest in JML starts again.
