Australian (ASX) Stock Market Forum

JMS - Jupiter Mines

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There has been an ongoing battle between buyers and sellers of this stock the past week or so. There has always been a bit of a gap in the bid and offer price with no one willing to either step up or down. All waiting for the news of the JV by the look of it. The buyers are been pretty cautious imo, due to general market sentiment. This obviously has potential as can be seen by all the previous posts.
 
Here's an idea, given the way that UXA and AUM have gone nuts once volume kicked in why don't we all wait for JMS to release their JV with Sino Steel,

If they do ann JV with Sino steel why don't we (being us JMS followers) go nuts buying it and take it up to 25c level (ie clear the 20c resistance level) and wait and see if the market goes nuts and takes it up?

Just a thought :p:

Seriously though, I am amazed at how much hot money has chased AUM and UXA up, the bulls are there just waiting :D
 
YOUNG_TRADER said:
Here's an idea, given the way that UXA and AUM have gone nuts once volume kicked in why don't we all wait for JMS to release their JV with Sino Steel,

If they do ann JV with Sino steel why don't we (being us JMS followers) go nuts buying it and take it up to 25c level (ie clear the 20c resistance level) and wait and see if the market goes nuts and takes it up?

Just a thought :p:

Seriously though, I am amazed at how much hot money has chased AUM and UXA up, the bulls are there just waiting :D
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Well one thign is i don't think i have enough $$$$ to push it up through 25c level ...........

though a great idea

lets wait for it to happen
 
We could do this, as long as we don't tell anyone about it. he he

I think ASIC would be knocking on our doors very quickly. It's called something like 'conspiring to commit securities fraud.'

PM me with a plan!!!
 
YT's prediction was 7 Jul.

(7 Jul MOU expiry I think)

Pretty good bet, unless Sinosteel see that it's clearly a good thing and sign up early.
 
kennas said:
YT's prediction was 7 Jul.

(7 Jul MOU expiry I think)

Pretty good bet, unless Sinosteel see that it's clearly a good thing and sign up early.
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29-Jun-06 08:47 JMS Audio Broadcast - Alan Broome - Mt Mason Iron Ore
08-Jun-06 09:28 JMS Mt Mason Iron Ore Project Delivers High-Grade Results
31-May-06 15:51 JMS Change of Director's Interest Notice
31-May-06 15:46 JMS Change of Director's Interest Notice
23-May-06 17:45 JMS Acquisition of Mt Ida & Mt Hope Iron Ore Tenements
15-May-06 17:05 JMS Options Issued
11-May-06 15:48 JMS Native Title clearance granted on Iron Ore Projects
10-May-06 14:57 JMS Diorite King-High grade first pass shallow drill results
10-May-06 13:04 JMS Jupiter & Sinosteel Australia P/L sign MOU

I think it is te 7th July,

MOU was signed on the 10th May, the drilling results was out on 8th June and 30 days after posting the drilling results should be around 7th July.

Hm... just a thought that occurred to me why did they decide to deliver a broadcast about the project from the CEO now? To get more interested buyers? Or they had to do it?? Are there any particular reasons, or am i just thinking too much?

Hpynotic
 
I think all the predictions/comments that are going on re: JMS j/v w/- Sino ,is still premature.You/We should be thinking when the production is months away,what happens in the meantime will be for every trader to sort out how much profit he/she/it will want to absorb.
This share is not attracting any big volumes ,what? $8757!! @ 3.02pm ,this T/O is meager if not sad!

I like this quote,I always change the word "music" ,and in this case for "mining",it sort of reminds me not to get carried away with the adrenalin of easy profits .

The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side.
- Hunter S. Thompson
 
im in today at .155 with my earnings from the UXA rollercoaster.

Bring on the JV.
 
I'm concerned that if the JV does not happen this will be dropped like a hot potato. Looks like all short term action is riding on it.

It's not even moving this morning when the rest of the market is doing cartwheels.
 
kennas said:
I'm concerned that if the JV does not happen this will be dropped like a hot potato. Looks like all short term action is riding on it.

It's not even moving this morning when the rest of the market is doing cartwheels.
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Agreed, that is probable, hence a good stop loss is needed ;)
 
Can anyone tell me what Alan Broome had to say about Mt Mason, yesterday? Obviously not to exciting, going on todays price. :confused:
 
Gspot said:
Don't have sound......crazy but true. A very quick summary will do?? :)
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Nothing you don't already know, usual information on the high grade results, MOU with SS and 30 days they have to make a decision about JV.

Wasn't really any point to this interview other than to put a face to the Alan Broome.

Everyone is waiting for the JV news....simple as that!
Given that this is likely next week, I'm hoping there will be renewed interest in the lead up, but given recent performance I suspect that won't happen until the day of the announcement.
 
This share has started to move up.

Up 2 c to 17c today.

It must only be a few days before news of the JV with Sino Steel comes out.
 

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