Australian (ASX) Stock Market Forum

JMS - Jupiter Mines

Jump to new
There has to be something in this. Announcement coming perhaps something re JV. I noticed in the last update they mentioned talking to prospective jV partners (plural) as previously it had always been singular. I took this to be negative and assumed talks had fallen through again like with Sino. Remember we were told that the Sino deal fell through because it didn't suit JMS. The delay in signing another made me think perhaps they weren't holding all the cards but hopefully I am about to be proved wrong and they were sorting through various options for a JV.
 
spottygoose said:
There has to be something in this. Announcement coming perhaps something re JV. I noticed in the last update they mentioned talking to prospective jV partners (plural) as previously it had always been singular. I took this to be negative and assumed talks had fallen through again like with Sino. Remember we were told that the Sino deal fell through because it didn't suit JMS. The delay in signing another made me think perhaps they weren't holding all the cards but hopefully I am about to be proved wrong and they were sorting through various options for a JV.
Click to expand...

Very unusal buying volume for JMS, it really could be annoucement coming up soon, the selling side is easing off now, pushing up to 16cents.... looks great. I would love to see a good JV annoucement pop up in the afternoon, if it does it should send this to a buying frenzy.

by the way YT, have you any news from JMS?

Hypnotic
 
Does the fact that there is increased trading volume before an announcement like this hint of insider trading? In other words, if some people have privileged information (i.e. announcement/merger coming) and they trade based on this information, isn't that illegal?
 
ctp6360 said:
Does the fact that there is increased trading volume before an announcement like this hint of insider trading? In other words, if some people have privileged information (i.e. announcement/merger coming) and they trade based on this information, isn't that illegal?
Click to expand...

Rumours ! just rumours................nothing illegal till you get "COURT"
 
ctp6360 said:
Does the fact that there is increased trading volume before an announcement like this hint of insider trading? In other words, if some people have privileged information (i.e. announcement/merger coming) and they trade based on this information, isn't that illegal?
Click to expand...


Hey CTP,

where you been stranger? Haven't seen or heard from you in ages, hope you've been keeping well.


Re JMS, guys if you look back at my thread starter on this back in Feb (see below) you'll see the 2 main reasons I bought were
1. Nickel Interests at Widgiemooltha
2. Iron Ore at Beasley River

The other Iron ore projects + Gold projects were really Icing on the cake and still are as far as I'm concerned, given that JMS is surveying Widgiemooltha and will soon be drill testing Beasley River we're really moving into JMS spec period, its all or nothing from here, I think there's a fair chance that both projects will return favourable results



YOUNG_TRADER said:
Ok people this is not for the faint hearted or risk averse this one is for those people who want a chance at riding a 5x increase stock,

Very simple run down
Code: JMS
Name:Jupiter Mines
Resource: Iron Ore & Nickel Explorer

Shares: 60m + 20m 31/1/07 20cent options

Very simple why I bought some in this spec sompany it has two very attractive land holdings.


1. Is called Beasley River, which has returned good grades of Iron Ore and is surrounded by AusQuest (AQD) and Rio Tinto (RIO) tennements, for those of you who don't know see what happened to AQD when RIO farmed into its area, I'm hoping for a repeat here as the JMS tennements are showing close similarities to AQD's

2. Widgiemooltha, which has returned some excellent grades of Nickel, but more importantly is completely surrounded by Mincors (MCR) nickel deposits 'Redross' and 'Mariners' MCR has openly stated that it needs to establish new reserves, well where better to look than in a pocket of land thats showing very good similarities to 2 of your huge deposits

Point is although JMS is a tiny micro cap company with little cash left $1m, all that is required for a huge price increase is for either RIO to farm into its Iron Tennements, or MCR to farm into to its Nickel tennements, I think there is a very good chance this will happen given that these Companies have very succesful operations surrounding them.



For the reasons above I bought, it is a spec stock, so do your own research, happy investing
Click to expand...
 
Yt

I must admit i am new to this one and have only been reading this thread for the past few days,

So what happened to the possible JV with RIO at beasly river? Fall through? Lack of significant ore deposit?

cya
 
TB,

There never was a JV with RIO, read the posts and asx anns carefully,

I said that a JV with Rio over Beasley is the company maker, they have only now finalised everything to get RC drilling going for Beasley, Rio won't farm in until they see some results first,

The Sino JV was for their other projects known as the 'Central Yilgarn Iron Ore Projects'

And before you ask there was no JV with MCR over Widgiemooltha, I was speculating that if JMS find something there MCR will be knocking on their door to farm-in to secure extra ore for their mines to boost mine life
 
JUPITER MINES LIMITED
ABN 51 105 991 740
Suite 1405, Level 14, 33 Bligh Street, SYDNEY NSW 2000 Tel: 02 9235 2755 Fax: 02 9235 2955
Jupiter asx JMS Nov 21 06
21st November 2006
The Manager
Company Announcements Office
Australian Stock Exchange Limited
Level 4, 20 Bridge Street
SYDNEY NSW 2000
Via ASX Online
Dear Sir,
RE: Market Update –Iron Ore
Enclosed for immediate release to the market is a notification that the company is expected to commence
confidential discussions this week in China with a leading Chinese Steel manufacturer in respect to its
potential Iron Ore output.
An update to the market will be made by the end of the week.
For and on behalf of the directors of Jupiter Mines Limited
Robert Benussi
Company Secretary
 
3 veiws of a secret said:
JUPITER MINES LIMITED
ABN 51 105 991 740
Suite 1405, Level 14, 33 Bligh Street, SYDNEY NSW 2000 Tel: 02 9235 2755 Fax: 02 9235 2955
Jupiter asx JMS Nov 21 06
21st November 2006
The Manager
Company Announcements Office
Australian Stock Exchange Limited
Level 4, 20 Bridge Street
SYDNEY NSW 2000
Via ASX Online
Dear Sir,
RE: Market Update –Iron Ore
Enclosed for immediate release to the market is a notification that the company is expected to commence
confidential discussions this week in China with a leading Chinese Steel manufacturer in respect to its
potential Iron Ore output.
An update to the market will be made by the end of the week.
For and on behalf of the directors of Jupiter Mines Limited
Robert Benussi
Company Secretary
Click to expand...

Good news! Seems like JMS is going back to Sino then i guess, unless perhaps there is talk with another playing in China?? Hopefully on better terms. But i doubt it... Lets see how this all pans out... :D
 
It will certainly be interesting to see who they are talking to this time, I doubt its Sino, at least I hope not cause the Chinese hold grudges bad for Deals that fall through, think FMG and Chinese Firms re funding deal


Anyway its surpirsing how JMS can lie dormant for a few months and then all of a sudden have so mcuh going on

1. Nickel Survey

2. Drilling @ Beasley River (surrounded by majors the likes of Hamersley and RIO)

3. Now back in JV discussions over Central Yilgarn Iron Ore



Technical chart points to watch

Support 13c (Very strong)

Support 15c (Just got through needs to hold)

Resistance 19c (Very Strong needs to break and hold for at least 1 week to confirm)

Resistance 21c Blue Sky!
 
YOUNG_TRADER said:
It will certainly be interesting to see who they are talking to this time, I doubt its Sino, at least I hope not cause the Chinese hold grudges bad for Deals that fall through, think FMG and Chinese Firms re funding deal


Anyway its surpirsing how JMS can lie dormant for a few months and then all of a sudden have so mcuh going on

1. Nickel Survey

2. Drilling @ Beasley River (surrounded by majors the likes of Hamersley and RIO)

3. Now back in JV discussions over Central Yilgarn Iron Ore



Technical chart points to watch

Support 13c (Very strong)

Support 15c (Just got through needs to hold)

Resistance 19c (Very Strong needs to break and hold for at least 1 week to confirm)

Resistance 21c Blue Sky!
Click to expand...

Yeah i agree i doubt it's Sino, and if it is Sino then the terms would be worst for JMS in order for the chinese to consider it again. Which could be the case as the JMS sp have suffered a lot over the last few months and they may not have any better alternative to turn to. (Maybe JMS management was too optimistic in their initial discussion with the chinese and now can't find a better deal) :confused:

In terms of the annoucement there willl be a follow up in the end of the week, this makes JMS quite attractive now to buy in. I just hope the deal will live up to expectation otherwise it's going to fall back to 12 - 13 cents level.

On the bright side, the management must have woken up to do something again. Maybe they would like a merrier Christmas :p: .

Gone through 15 cents, good support showing through 16 and 15.5 cents, attempting to hack through 16.5 cents. Hope it will close strong!!!

Hypnotic
 
Come on boys lets not wet our nappies just yet ,after Chinese meal and back-handers and even then some cigarettes to be smoked,spits on the carpet will the talks really begin.
Anybody sell me some nappysan...I think I need to be excused!
 
YOUNG_TRADER said:
And to think I just bought another 250k opies @ 0.015c!!!!! :D
Click to expand...

I decided to have alook at the options also ..............
Here is the screen @ 15.03 hrs re JMSO

21-11-2006 01:35 PM $0.020 171000 $3,420.000
21-11-2006 01:21 PM $0.020 29000 $580.000
21-11-2006 01:06 PM $0.018 200000 $3,600.000
21-11-2006 11:53 AM $0.015 31780 $476.700
20-11-2006 03:04 PM $0.015 50000 $750.000
20-11-2006 12:54 PM $0.015 148205 $2,223.075
20-11-2006 12:54 PM $0.015 20015 $300.225
20-11-2006 11:17 AM $0.015 40000 $600.000 Crossed
15-11-2006 11:15 AM $0.006 10500 $63.000
07-11-2006 02:46 PM $0.022 4500 $99.000

Interesting !!!
 
3 veiws of a secret said:
I decided to have alook at the options also ..............
Here is the screen @ 15.03 hrs re JMSO

21-11-2006 01:35 PM $0.020 171000 $3,420.000
21-11-2006 01:21 PM $0.020 29000 $580.000
21-11-2006 01:06 PM $0.018 200000 $3,600.000
21-11-2006 11:53 AM $0.015 31780 $476.700
20-11-2006 03:04 PM $0.015 50000 $750.000
20-11-2006 12:54 PM $0.015 148205 $2,223.075
20-11-2006 12:54 PM $0.015 20015 $300.225
20-11-2006 11:17 AM $0.015 40000 $600.000 Crossed
15-11-2006 11:15 AM $0.006 10500 $63.000
07-11-2006 02:46 PM $0.022 4500 $99.000

Interesting !!!
Click to expand...

lol you checking to make sure I wasn't telling porkie pies ;)

What I find very amusing is that when that trade went through at 0.006 I got an sms alert so I tried to buy at 0.007, then some bought a few at 0.015 yesterday, so I thought hmmm do I wanna bump my order up 100% ? ? ? hmmmm maybe I should wait, ahh bugger it just do it! So I did and some generous sole filled my order this morning,

Glad I didn't wait
 
YOUNG_TRADER said:
lol you checking to make sure I wasn't telling porkie pies ;)

What I find very amusing is that when that trade went through at 0.006 I got an sms alert so I tried to buy at 0.007, then some bought a few at 0.015 yesterday, so I thought hmmm do I wanna bump my order up 100% ? ? ? hmmmm maybe I should wait, ahh bugger it just do it! So I did and some generous sole filled my order this morning,

Glad I didn't wait
Click to expand...

As you know I don't trade options as yet (but tempted) I could'nt give a damn about the porkie pies or whatever ,beleive me....I was trying to reason out if the options had any significance to when the shares shuddered after the announcement. I think i need some kind soul to hold my hand and guide me through this option labrynth.....as I said it's interesting!
 

Similar threads

Damuzzdu
Iron Ore Plays - Discussion
2 3 4
Replies
68
Views
26K
Telamelo
T
Top