JMS - Jupiter Mines

[ALFguy]

Seems much more appealing now they're getting some coverage...especially at the current price

Might jump back in!

 

[dubiousinfo]

The latest 3B shows the expiry date for the options as 31/7/07.
It has always been 31/1/07 up to & including the 4th qtr activities report issued on 31 Jul.
Is this a typo or have I missed an announcement?

 

[YOUNG_TRADER]

JMSO 31/1/07

 

[noirua]

Interesting to see what happens from here, with JMS half-way between their 52 week high and low point. An important looking 13 cent support level, on the 6 month chart, will it hold though.

 

[ALFguy]

Interesting to see what happens from here, with JMS half-way between their 52 week high and low point. An important looking 13 cent support level, on the 6 month chart, will it hold though.

It's definitely undecided right now - hardly any trades either way.

No news seems to drive this down with anything slightly positive sending it skywards. Since watching JMS, little or no news seems the norm.

Would rather see a steady increase. I expect when Patersons get their act together and release an investment view, it'll do exactly that.

If it dips down to 13c, I'll definitely buy more

 

[3 veiws of a secret]

It's definitely undecided right now - hardly any trades either way.

No news seems to drive this down with anything slightly positive sending it skywards. Since watching JMS, little or no news seems the norm.

Would rather see a steady increase. I expect when Patersons get their act together and release an investment view, it'll do exactly that.

If it dips down to 13c, I'll definitely buy more

Well Alfguy I've just read your comments after I positioned myself at 13.5 cents - I think I shall amend. I get the feeling like IGR (which is running neck'n'neck price wise), it will fall further,might as well save another $500.

 

[noirua]

Others have followed this stock longer than I and at first glance there appears to be small question marks on the Mount Mason, Mount Ida and Mount Hope projects, despite the high iron ore grades at over 60% at the former.

Why have Sinosteel failed to go ahead with the joint venture and how clear is the statement that new discussions will benefit JMS more??


In Mr Alan Broome's ( Chairman ) video broadcast the Sinosteel ageement was all but signed: http://www.brr.com.au/event/JMS/964/12323/wmp

 

[ALFguy]

Others have followed this stock longer than I and at first glance there appears to be small question marks on the Mount Mason, Mount Ida and Mount Hope projects, despite the high iron ore grades at over 60% at the former.

Why have Sinosteel failed to go ahead with the joint venture and how clear is the statement that new discussions will benefit JMS more??


In Mr Alan Broome's ( Chairman ) video broadcast the Sinosteel ageement was all but signed: http://www.brr.com.au/event/JMS/964/12323/wmp

Agreed, some question marks.
Mainly in relation to the new JV potential that they have yet to disclose. I thought if there were any parties in discussion that this would have been announced to the market by now.

However, in regards to Sinosteel, they simply had an MOU for 1 month (I think) and Broome never indicated it was cut and dry for a JV. I don't recall the announcement, but I think it indicated that SS weren't going ahead and that JMS were in dicussions with another interested party....and thats the last we've heard about it.

Do take your point though....not enough information.

 

[spottygoose]

Jupiter Mines Iron Ore Strategy Forges Ahead
Jupiter Mines Limited (“Jupiter”) wishes to advise that the Memorandum of Understanding
(“MOU”) between Sinosteel Australia Pty Ltd (“Sinosteel”) and Jupiter dated April 28th 2006
will not proceed to the next phase of a joint venture agreement, following expiry of
Sinosteel’s 30 day exclusive negotiating right under the MOU on 1 July 2006.

• Jupiter is pleased to advise it has now commenced negotiations with another
party to develop a joint venture agreement for the Mt Mason, Mt Ida and Mt Hope iron
ore regional projects in Western Australia. The terms and conditions of the new Joint
Venture are likely to produce a significantly better outcome for Jupiter compared with
those contemplated within the Sinosteel discussions and MOU.

 

[spottygoose]

Probably should have mentioned that is the comment re the MOU you guys were referring to. I can't remember where it originated and strangely couldn't find it as an announcement or in the news section of their website?? This was a copy of it I had emailed to a a fellow holder at the time.

 

[YOUNG_TRADER]

Why have Sinosteel failed to go ahead with the joint venture and how clear is the statement that new discussions will benefit JMS more??

Ever done business with the Chinese?

If so you'll be familiar with the term, 'they always want to have the cake and eat it too'

That sums em up to a tee,

From what I gathered, Sino wanted way more than a 51% stake in the project, JMS would not give more than 60% away, so they told Sino to bugger off, simple as that.

No I wish they had signed deal regardless of how much of a stake they had to give up as ST stock rice would have shot up and we'd all have made a killing, but then the directors seem to be doing whats best for the long term.

As I understand it they want a JV partner to take a 51% stake and fully fund the project = no Cap Ex required by JMS, then JMS 49% cost share gets paid back out of profits, excellent long term strategy.

Anyway for all this discussion the companies mkt cap is around $10m - $15m so compared to some of the other half arsed comapnies out there with mkt caps of $30m - $50m its unbelievably good

 

[noirua]

Ever done business with the Chinese?

If so you'll be familiar with the term, 'they always want to have the cake and eat it too'

That sums em up to a tee,

From what I gathered, Sino wanted way more than a 51% stake in the project, JMS would not give more than 60% away, so they told Sino to bugger off, simple as that.

No I wish they had signed deal regardless of how much of a stake they had to give up as ST stock rice would have shot up and we'd all have made a killing, but then the directors seem to be doing whats best for the long term.

As you may have guessed, I've no idea about trading with the Chinese and probably know a great deal more about rice.

However, some companies, when they see a problem ahead in funding a project and a company like SinoSteel may not give them the deal they want; They enter into an alternative arrangement, giving the other party the option of taking the same deal off the table. FLX made a successfull deal on it's Ashton Coal Mine and sold 20% for $33 million.

Maybe JMS are doing deals behind the scenes and dare not allow leaks. Perhaps SinoSteel are not off the scene to the extent we may think.

 

[Beethoven]

As you may have guessed, I've no idea about trading with the Chinese and probably know a great deal more about rice.

However, some companies, when they see a problem ahead in funding a project and a company like SinoSteel may not give them the deal they want; They enter into an alternative arrangement, giving the other party the option of taking the same deal off the table. FLX made a successfull deal on it's Ashton Coal Mine and sold 20% for $33 million.

Maybe JMS are doing deals behind the scenes and dare not allow leaks. Perhaps SinoSteel are not off the scene to the extent we may think.

Maybe... but if they have already got a partner or have negotiated with another party. Wouldn't they have released some news about it already??. They did say however that they are commencing negotiations with another party yet no news has came out after the JV with sino was turned down.

 

[3 veiws of a secret]

If you was on the Chinese board with the negotiating team of Sino,and looking at this minnow company and it has'nt exactly gone the way you hope it would, would you go back cap in hand and try to work out a solution? My answer would be emphatic " I doubt it".
Lets not forget if this company was wealthy in its deposits, one would have thought the heavyweights would have waded in by now,alas this is not the case. I suggest patience.
Mind you if you have borrowed to buy into this company and your postings on this board are linked as to what's happening with JMS then the pressure is on you and not with the JV. Enough waffle ,but lets get things into perspective.

 

[spottygoose]

Probably should have mentioned that is the comment re the MOU you guys were referring to. I can't remember where it originated and strangely couldn't find it as an announcement or in the news section of their website?? This was a copy of it I had emailed to a a fellow holder at the time.

Just to confirm it was an ASX ann. 4/7/06

 

[saltyjones]

if a j/v is still on the table maybe the big brother co. is waiting on more drilling results. if this is the case a j/v may not materialise for months.

 

[YOUNG_TRADER]

Just to update, the Nickel Survey they were doing should be done in the next few weeks or so,

Be interesting to see what it turns up, the area they have licences over is very prospective (see maps) surrounded my MCR's operating Mines

If somethings there, expect the price + vol to start increasing prior to ann (insiders)

 

[hypnotic]

Just to update, the Nickel Survey they were doing should be done in the next few weeks or so,

Be interesting to see what it turns up, the area they have licences over is very prospective (see maps) surrounded my MCR's operating Mines

If somethings there, expect the price + vol to start increasing prior to ann (insiders)

Thanks YT for the information, will be keeping a very close look at JMS these coming weeks.

Hypnotic

 

[noirua]

Down to 13 cents today... still watching and waiting at this important position on the chart.

 

[Beethoven]

JMS hasnt release any sensitive news for a while and thats probably why the share price is decreasing slightly. Now all we are waiting for is news on the nickel survey. I think it will take a while for a JV to take place with this company now and has become a long term investment. At least it gets rid of the day traders out of the stock.