JML - Jabiru Metals

[michael_selway]

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.

Apologies, I know this isn't a JML post.

hey what happened to CSM in Sep 05, it appears to have dived from that point onwards?

thx

MS

 

[Kipp]

hey what happened to CSM in Sep 05, it appears to have dived from that point onwards?

thx

MS

Too true... not that well read cause I've only followed them for 2 months or so. But there was a big sell off when Nicholas Kiernan retired from Executive Director about that time. And 2005 was a rough year for Manganese (for which 80% of their income is derived).

But there have been a few positives for CSM of late, a BFS (carried out by Forescue) at Mindy Mindy for 44 million tonnes of Fe. 33% of JML, and a takeover bid on Titan. But this stock is on the the rocks. I suppose eventually the downwards spiral will stop, suppose I'll wait for the 10day and 100day EMA crossover...

 

[Sean K]

I think it was Kiernan that said a while ago they were looking at acquisitions and explicitly said they were looking at Titan and Jabiru. I think once they bed down Titan they'll clean up JML.

 

[lewstherin]

Damn, copped some more pwnage today on JML. I bought in at 44c

This is gonna have to be an average down investment for me to get out with some cash by the end of the year...that is IF a bottom ever materialises

But hell even at December 2005 prices, these shares are worth 50c. And thats without them finding more deposits - which is a good possibility...

So hold & hope is how its gonna have to be for me. Like they say in poker, I'm "pot-committed"

 

[michael_selway]

Damn, copped some more pwnage today on JML. I bought in at 44c

This is gonna have to be an average down investment for me to get out with some cash by the end of the year...that is IF a bottom ever materialises

But hell even at December 2005 prices, these shares are worth 50c. And thats without them finding more deposits - which is a good possibility...

So hold & hope is how its gonna have to be for me. Like they say in poker, I'm "pot-committed"

Future 2008 looks bright

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -5.4 -1.7 4.8 19.9
DPS -- 0.0 0.0 0.0

EPS(c) PE Growth
Year Ending 30-06-06 -1.7 -- --
Year Ending 30-06-07 4.8 8.8 --

thx

MS

 

[3 veiws of a secret]

Damn, copped some more pwnage today on JML. I bought in at 44c

This is gonna have to be an average down investment for me to get out with some cash by the end of the year...that is IF a bottom ever materialises

But hell even at December 2005 prices, these shares are worth 50c. And thats without them finding more deposits - which is a good possibility...

So hold & hope is how its gonna have to be for me. Like they say in poker, I'm "pot-committed"

Luckily I have deeper pockets through shrewd investment instruments. But I hear you clearly.
I bet there are many clueless traders out there than you that are sitting on the fence thinking "how much more do I have to average".
I feel like a sacrificial lamb when I bought MTN /JMS and CCE.....but good times are comin'..........hang in there bro!!!! wink wink the tax man cometh!

 

[Tradewinds]

You may or may not find the attached of interest

 

[Sean K]

Interesting action on JML today. Up 10%. I'm still holding expecting some corporate play by CSM, although they are having a few dramas atm.

Looks like it's broken up on the charts:

 

[Sean K]

Up another 4% to $0.47 on volume. Perhaps resumed it's long term up trend. Should be touching all time highs at $0.48 shortly.

 

[michael_selway]

Up another 4% to $0.47 on volume. Perhaps resumed it's long term up trend. Should be touching all time highs at $0.48 shortly.

Yep, forecasts look good also

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -5.4 -1.7 4.8 19.9
DPS -- 0.0 0.0 0.0

EPS(c) PE Growth
Year Ending 30-06-06 -1.7 -- --
Year Ending 30-06-07 4.8 9.4 --

thx

MS

 

[Sean K]

Something's going on over at JML.

Up pushing $0.50 again and poss onto all time highs.

Increased volume over the past 2 weeks, leads me to think somthing is brewing.

Could be positive Jaguar update, or corporate acty. More likely corporate as it's been a steady increase. We'll see.

 

[dj_420]

JML sp keeps testing the 49-50 c resistance. im in on this share at 46c. i think it has huge potential. i should have listened to YOUNG TRADER a long time ago. i was only new to the game and was looking for shares around 10c that i thought would explode to $1. by doing that i overlooked many good companies that show huge growth potential.

i cut my losses with highly speculative stocks and now research companies far more extensively that in the past. i now hold AIM CBH JML for zinc stocks and SMM for a uranium play. i feel these companies will deliver and show far more promise than companies i invested in the past EXT AEX.

i suppose its all learning and im glad i learnt from my mistakes before i lost all the money i had invested. nothing like losing money to teach you a lesson.

 

[YOUNG_TRADER]

Something's going on over at JML.

Up pushing $0.50 again and poss onto all time highs.

Increased volume over the past 2 weeks, leads me to think somthing is brewing.

Could be positive Jaguar update, or corporate acty. More likely corporate as it's been a steady increase. We'll see.

Their presentation was a smashing success at Diggers, as far as base metals went, nothing else came close, Teck was there so who knows

 

[YOUNG_TRADER]

BTW I took my money from JML at 50c and picked up more CBH a few days back, as much as I love JML, its not worth half of CBH, no way no how,

Once CBH runs, I'll look to re-entering JML, I think there's plenty of time to get back in, just my thoughts though

 

[dj_420]

sp has been hitting 49 all day now there are buyers on 49. so close to breaking resistance. i see a 330k sellers on 50 cents but not much beyond that in terms of sellers.

what do you think yt?
are there any current valuations on JML at the moment??

zinc prices are bit stronger overnight, could this acct for increase in interest

 

[YOUNG_TRADER]

JML's great, don't get be wrong, but CBH is just better in so many ways at current price/mkt cap levels

JML won't be in production for another 9months or so

CBH in production (albeit recovery from last October Collapse)

JML 1 mine with 5yrs life

CBH 1 Operating mine with 10-15yrs life left + 2 BFS Projects with 5-7yrs life each (one being open pit!) + 3 other development options

So at current price levels ie sub 40c CBH sub 50c JML I prefer CBH, what the mkt prefers, well thats where the real value lies

 

[porkpie324]

i agree, any miner actually digging something up is worth more than a specky, although having said that i do hold both JML&CBH, my holding in CBH being double JML. porkpie

 

[michael_selway]

JML's great, don't get be wrong, but CBH is just better in so many ways at current price/mkt cap levels

JML won't be in production for another 9months or so

CBH in production (albeit recovery from last October Collapse)

JML 1 mine with 5yrs life

CBH 1 Operating mine with 10-15yrs life left + 2 BFS Projects with 5-7yrs life each (one being open pit!) + 3 other development options

So at current price levels ie sub 40c CBH sub 50c JML I prefer CBH, what the mkt prefers, well thats where the real value lies

Hi YT

Yes mine life is very important, btw

"CBH 1 Operating mine with 10-15yrs life left" are u referring to the Endeavour mine when in full production?

thx

MS

 

[YOUNG_TRADER]

Hi YT

Yes mine life is very important, btw

"CBH 1 Operating mine with 10-15yrs life left" are u referring to the Endeavour mine when in full production?

thx

MS

YEP

Its funny the difference between Perilya's Broken Hill and CBH's Endeavour (apart from a cave in back in Oct) is that PEM's operates at double the capacity ie 2.5Mt p.a. as opposed to CBH's 1.25Mt p.a. = PEM's mine life being half that of CBH's, I think PEM are the better operators, ramp up churn it out, cash it in, cha ching cha ching! Use the funds to bring more and more mines on line cha ching! Perhaps CBH could learn something from PEM? ?

 

[Povesa]

JML is up by 3.5c today. Seems like we should hear a good news from them soon