JML - Jabiru Metals

[Sean K]

Breaking and holding above $0.50 is very important here. If it holds then hopefully $0.50 becomes the support for it's next leg up.

 

[Povesa]

Up by another 3.5c. Good start for the week.

 

[coladuna]

It's up another 3.5 cents.
It's been going up and up every day for the last 3-4 days for no apparent reason. Even back when there were major announcements, the price didn't spike this much. Any idea what may be causing this sudden increase? JML has been performing quite poorly in the last 3-4 months since I held it. In fact, it's the first time I am in the green!
Wondering if there's anything major coming up or should I bail out now while I'm up? lol

 

[Sean K]

There's a few spiking this month on no news. AGS is another climbing with no ann......

 

[bowser]

It's up another 3.5 cents.
It's been going up and up every day for the last 3-4 days for no apparent reason. Even back when there were major announcements, the price didn't spike this much. Any idea what may be causing this sudden increase? JML has been performing quite poorly in the last 3-4 months since I held it. In fact, it's the first time I am in the green!
Wondering if there's anything major coming up or should I bail out now while I'm up? lol

Personally I think somethings about to be announced. Up approx 15% in the past week on no news....

 

[dj_420]

hey kennas what do you think bout last weeks action for JML. price shot up to 57.5 got a bit ahead of itself i think, then retraced i thought it would come right back down but support held at 51 cents and closed above 50c for few sessions in a row now.

is that mean its building a nice new base at 50cents?
Maybe an an coming soon, any ideas to the increase in action and price

 

[YOUNG_TRADER]

hey kennas what do you think bout last weeks action for JML. price shot up to 57.5 got a bit ahead of itself i think, then retraced i thought it would come right back down but support held at 51 cents and closed above 50c for few sessions in a row now.

is that mean its building a nice new base at 50cents?
Maybe an an coming soon, any ideas to the increase in action and price

Cathers read my post below.

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

Got this info first hand from a few brokers who attended, JML's presentation has now put them on the map

 

[Sean K]

hey kennas what do you think bout last weeks action for JML. price shot up to 57.5 got a bit ahead of itself i think, then retraced i thought it would come right back down but support held at 51 cents and closed above 50c for few sessions in a row now.

is that mean its building a nice new base at 50cents?
Maybe an an coming soon, any ideas to the increase in action and price

Not sure why it's run other than YTs comments. The Jaguar Project must be looking good.

Hasn't really had enough time to form a firm base at $0.50, needs to test that and hold imo. Will be some support there, but how much? I'm still holding for the upside with Jaguar coming on line Q2 07 and poss t/o from CSM who hold 33%.

 

[Sean K]

Up 8% to $0.56 on more NO NEWS. Maybe time to switch this into CBH?

 

[dj_420]

Seems to be building a lot of decent support 50cents + im glad im holding both JML and CBH. Sellers seem to be thinning out.

JML seems to have been put on the map now and it is gaining in interest. does anyone have any valuation on JML at the moment?

 

[kitehigh]

A nice gain today of 12.5% punching through the 60 cent mark to close at the days high of 63cents. No new announcements either.

 

[Out Too Soon]

Well someone knows something we don't, look at the volume in the last 2 days, 64c & rising. Surely must be in danger of a speeding ticket although I'm certainly not complaining.
Is it time to take some profits? No I think I'll hang on for the ride! Don't want to be "Out too soon" on this one.

 

[Caliente]

well, this would be exactly the WRONG time to be out of this stock!

The pressure upwards seems to be unrelenting, and with no news as well, makes you wonder what's going on behind the scenes.

 

[moses]

Now at 64c, is it too late to buy this stock?

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,

 

[dj_420]

well if stock was worth 60c when zinc was 3000 per tonne then it would be worth more now. zinc up to 1.64 per pound which is 3600 per tonne. copper at 3.60 per pound which is 7920 per tonne.

you tell me, i think this stock will keep rising, there may be an ann coming, resource increase perhaps???

dont really know why stock has run so well, needs to close a few times above 60 cents but to show building of support.

maybe something that market doesnt know about.

 

[Tradewinds]

Look at the eval in post#67 posted back in July. That should give you some indication of where this is heading with or without an announcement.

And dont underestimate JMLs success/exposure at Diggers that YT has emphasised.

 

[dj_420]

hartleys value JML at 81 cents. and this is without any additional discoveries. more drilling started in august for further exp. will be very interesting to see how that goes.

the sp has run very well, consolidated in low 50's and then quickly found buying support and ran above 60 cents, now at 67 cents. i would like to see this one hold above 60 cents now with some increased support. although when the sp has dropped lately it does quickly find support and bounce back.

i think if zinc prices stay up above 1.60 per pound (3500 per tonne) then sp is likely to hit 70's very quickly.

there is also very little resistance and depth on the sell side so we can see large increases on lighter volume.

 

[dj_420]

Nice ann from JML. additional resource with economic grades. grades arent spectacular but they are economic so it all adds to the value of the stock.

this ann has spurred a increase in sp today. zinc spot is holding above 1.60 so future is looking good for zinc. previously zinc spot price was tracing copper price, but yesterday copper dropped and zinc increased.

young trader what do you think of ann, grades arent crazy but it is located near jaguar and will only add additional resources to this stock.

 

[dj_420]

once breakout occured old trading channel and overhead resistance forms new support. still in uptrend, last couple of ann helped market sentiment. i think this stock has good fundamentals and chart is showing uptrend.

last ann re new zinc discovery helped resume uptrend and showed strong support around 48-49 cents following sp retracement.

stronger zinc prices and production drawing closer can only benefit sp. this stock looks good for medium term, im holding until at least production when LME stocks will be at critical levels and spot price will see siginificant increase.

 

[Sean K]

once breakout occured old trading channel and overhead resistance forms new support. still in uptrend, last couple of ann helped market sentiment. i think this stock has good fundamentals and chart is showing uptrend.

last ann re new zinc discovery helped resume uptrend and showed strong support around 48-49 cents following sp retracement.

stronger zinc prices and production drawing closer can only benefit sp. this stock looks good for medium term, im holding until at least production when LME stocks will be at critical levels and spot price will see siginificant increase.

DJ, it's looking good and set to take new highs during this positive period. We'll probably have a breather soon, but exactly when, who knows. The last bull just ran and ran. (with my bear hat on) Be wary of a sharp pull back in commods effecting all of these. For the moment, it's looking pretty good though..

I've done another chart on JML. Yes, trending up. Just about to hit top of my trend which is also a resistance point. Could fall back to take another charge at $0.70. The green line is where I see the central trend and it hits quite a few support and resistance points. I can't see why JML would keep trending this direction pending anything really dramatic in the markets. Upside with the Jaguar project could force the trend more verticle...