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JMS - Jupiter Mines

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ALFguy said:
The following was in their ann so I expect we'll be hearing something soon..

A detailed exploration work program including iron ore sampling, geological mapping and interpretation has commenced at Mt Ida and Mt Hope. Assay results are pending and should be available mid-July 2006.

Hopefully they'll disclose who this new party is in line with the assay results.
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Yeah, we need a bit of news here, i was expecting some arounds around now... but am still waiting.

I wonder who the new party could be.. can they announce anything?? or they can announce something only if they signed like an MOU or something?

Hypnotic
 
hypnotic said:
Yeah, we need a bit of news here, i was expecting some arounds around now... but am still waiting.

I wonder who the new party could be.. can they announce anything?? or they can announce something only if they signed like an MOU or something?

Hypnotic
Click to expand...

Hopefully this coming week we'll hear something, or it'll have to be August! Which means they lied about mid July ;)

My biggest worry is that any announcement, no matter how great, won't pull in enough interest to move this up with any weight. Seems to be very little action other than a few selling and a reduction in the number of buyers.

Could be wrong, could be that everyone is waiting to hear the news and pile in for the ride. We'll see.

As for what they can/will disclose, I can't see why they wouldn't inform shareholders of who the latest party are before any MOU, unless it's pretty significant or potentially sensitive to other parties. Again, we'll wait and see.

Good luck everyone, hoping for something this week!! :)
 
After laying dormant for several weeks, JMS slowly is waking up. The buy side is starting to fill up at last. The next week may hold something for us long suffering shareholders.
 
RickG said:
After laying dormant for several weeks, JMS slowly is waking up. The buy side is starting to fill up at last. The next week may hold something for us long suffering shareholders.
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I still don't think the buying side is starting to fill up... the volume that people want to buy is still pretty low. but i was suprised to see someone picking up 100k shares..... in the afternoon maybe results are due soon?? but definitely looks a bit more active yesterday relative to no trades...

They have lied about the annoucement in mid July. But i am guessing drafting contracts and getting terms and conditions right for either party is not going smoothly...(Maybe just lawyers takign their time reading through it......damn laywers no offence YT :D ) just hope they can finalise something soon.

Hypnotic
 
Hypnotic .....to say the board has lied is a bit strong ,what's the buzz word these days "posturing" (that's it ) ....lets say they have'nt got any good news to give,as yet.
Also 100K shares traded @ current pitance levels ,is pretty ordinary .But I agree with you this share is weakly supported,to date.
 
Interesting to see a little more movement today, albeit weak volume.

Hopefully we'll hear something this week and see some substantial changes (positive that is).

Anyone know if Q4 ann has to be out by today?
 
Yeah if the qtrly ain't out by close of day today (7.30-8pm AEST) then stock will be suspended until Qtrly is released
 
YOUNG_TRADER said:
Yeah if the qtrly ain't out by close of day today (7.30-8pm AEST) then stock will be suspended until Qtrly is released
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Q4 out but no mention of any MOU or JV.

Also no mentioned of the Goldsworthy Iron Ore Project mentioned in the prev ann.

Still looking like a good hold and wait. Hopefully more information released soon.
 
I'm holding and will look to pick up more on weakness ie drop to 10c level,

Still the best leverage to the Spec Iron Ore Sector by far ;)
 
Nice announcement by JMS today

Jupiter’s recent mapping has discovered an additional Mt Mason style high grade, blue – grey hematite zone located approximately 1500 metres north of the Mt Ida.
This massive blue hematite discovery is very significant as it adds to the viability the Mt Mason iron occurrence and will add high grade tonnage to the project.
 
Is there any reason JMS has gone Ape **** in the last 15 minutes? The volume is 100x what it normally is!
 
Thats nice 22%^ at the moment

I had the finger on the sell trigger this morning lucky I dumped the MMN instead. It doesn't seem to be taking any notice of the silver hike.
 
Now if this announcement is followed up by news of a MOU or JV, JMS could be ready for another take off.

Wonder if Sino-Steel are getting upset they missed out on a JV opportunity :)
 
Hey CTP your back! :D


Re: JMS This stock is getting piss poor support, its drilling results are constantly returning + 60% grades of Fe making it more than suitable for a DSO operation, it has now confirmed this extension over 10kms, depending on the width and depth it could be looking at a very large deposit, or possibly (and more probably) multiple high grade, shallow depth open pittable deposits over this 10km stirke, either way it can't be too long until someone out there notices the companies potential and steps forward with either JV offer or T/O offer, or even Offtake agreements for the Ore etc
 
CTP, I don't suppose you are responsible for all this volume? :D

Certainly has rerated itself with this news.
 
LOL! Nah, I did my spending spree a while ago, I've been so jaded by this whole recent downturn that I haven't been buying at all lately! But we were right to wait it out on this one, I'm sitting on a tidy profit now but I have no intention of selling.

I'm not even too excited about the price, its the VOLUME that interests me...this stock has been so thinly traded that I was basically paralysed...I couldn't sell without driving price down to nothing, I couldn't buy without driving the price up to ****...at least now with all the volume its a tradable stock and I think it will get very interesting in the next little while.

Just say thanks to YT, none of us would have known about it if it wasn't for him.
 
The stock needs to break and hold above 20c (Original IPO price) before we can say its re-rated itself,

Ideally 20-22c base would be good, then as news flows there will be no-where near as much resistance, otherwise it will keep hitting this 15-20c resistance selling,


Current Mkt Cap is about $15m, I'd say $25m - $30m for spec Iron Ore interests is justified,

If only they'd JV there gold and Nickel Interests :banghead:
 

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