JMS - Jupiter Mines

[noirua]

The iron ore sector is a big bucks development and JMS cannot go it alone.

 

[Caliente]

I'm popping a vessel! I bought these guys just a week before the spate of announcements and dumped it.

Anyway... best of luck to all the patient holders of JMS

 

[noirua]

I'm popping a vessel! I bought these guys just a week before the spate of announcements and dumped it.

Anyway... best of luck to all the patient holders of JMS

You may yet get another chance to buy back in, but will you have the guts to do it, as it takes some thinking about to get back into a stock or even be prepared to jump in directly after a trading halt.

 

[3 veiws of a secret]

Whatever the the disclosure I'm banking on the fact 51% chance for good news .....if thats the case who knows time to buy? I'm assuming and presuming (grrrr hate those words) the share is waiting for the lift in the foyer.

 

[markrmau]

What is the catch here?

Reviewing the sept quaterly, this puppy should be trading well over 50c.

1.8Mt iron ore in just one project. 300,000oz gold at klondyke (though i'm not interested in gold at 800m unless there is a massive intersection). Looks like there may be commercial quantity of nickel but will have to see depth and grades.

12M market cap???? Where's the catch?

There will be some dilution in either resource or shares from the chinese JV being worked on.

 

[noirua]

What is the catch here?

Reviewing the sept quaterly, this puppy should be trading well over 50c.

1.8Mt iron ore in just one project. 300,000oz gold at klondyke (though i'm not interested in gold at 800m unless there is a massive intersection). Looks like there may be commercial quantity of nickel but will have to see depth and grades.

12M market cap???? Where's the catch?

There will be some dilution in either resource or shares from the chinese JV being worked on.

An open-cut iron ore mine costs around $40 - $50 million to develop and an underground or longwall mine nearer $70 - $90 million. There are royalties to be paid on production value, not on profitability.
Without a cashed up partner or one that can back a big loan, the iron ore stays in the ground.

One good thing, there are lots of Japanese, Korean and European companies wanting a stake in Aussie mines.

 

[ALFguy]

Is it possible they could make the announcement today, or when they state a date in the Trading Halt notice, do they have to stick to it?

This is the only stock I need to keep an eye on, but really need to leave the computer today

 

[YOUNG_TRADER]

I always go by what the actual company requested

RE: Request for Trading Halt : JMS -JMSO
Jupiter Mines Limited (“Company”) hereby requests a trading halt to its securities under ASX listing rule 17.1
until commencement of trading on Tuesday, 28th November 2006 –pending release of an Announcement.

This would indicate will be in trading halt until tomoz morn

Hope this helps Alf

 

[ALFguy]

Thanks YT, I did think that but the actual ASX notice says "or when the announcement is released to the market" which got me wondering.

I'm guessing that's the standard form these ann's take so I'll go with the company one as you say.

Looking forward to hearing who they're in discussions with tomorrow! Hopefully it's not simply relating to who's going to buy their ore - ie pre orders etc. They really need a JV with good financial backing.

 

[3 veiws of a secret]

I always go by what the actual company requested

RE: Request for Trading Halt : JMS -JMSO
Jupiter Mines Limited (“Company”) hereby requests a trading halt to its securities under ASX listing rule 17.1
until commencement of trading on Tuesday, 28th November 2006 –pending release of an Announcement.

This would indicate will be in trading halt until tomoz morn

Hope this helps Alf

Actually what is rule 17.1? any suggestions plse put it in the box as you walk out!
Geee I feel its going to be a bonza annoucement haaaaaaaaaaaaaa like they have'nt found Fe but a Smorgons rubbish tip!

 

[toc_bat]

I am wondering if this ann will come out before the end of trading today, not long to find out really I guess. A bit a of pointless post this one I am afraid.

 

[spottygoose]

I am wondering if this ann will come out before the end of trading today, not long to find out really I guess. A bit a of pointless post this one I am afraid.

Lol, no not really you are just saying what we are all thinking/hoping! I guess there is a chance that it could or perhaps after close, otherwise hopefully not too late into tomorrow. There are a lot of patient investors who are hanging out for some news that will get JMS the attention it warrants.

 

[Duckman#72]

Good luck for tomorrow JMS holders!!!

Hope you all said your prayers.

Duckman

 

[3 veiws of a secret]

Good luck for tomorrow JMS holders!!!

Hope you all said your prayers.

Duckman

Many thanks, but I will not be suprised if they offer a rights issue........

 

[toc_bat]

they really are taking their time with this ann, releasing it a few minutes or even an hour prior to trading is almost pointless, it will still rule out those not online traders who the trading halt is suposed to protect, wont it?

 

[toc_bat]

the ann sounds pretty ghood doesnt it?!?

(poor disguised plea for one of the more experienced members to quickly appraise the news before trading)

 

[3 veiws of a secret]

the ann sounds pretty ghood doesnt it?!?

(poor disguised plea for one of the more experienced members to quickly appraise the news before trading)

Sorry still asleep ....has there been an announcement?....if so cut/paste plse

 

[spottygoose]

Announcement - Market update on - Chinese Iron Ore agreement

JMS has entered into a MOU with Wuhan Giant Economic Development Co ltd to market it's potential iron ore production from Central Yilgarn or any of the company's other iron ore tenements with initial target of up to 1-3 million tonnes P.A.

WGED Co ltd are a Chinese trading company with authority to procure commodities for a major chinese steel manufacturer, due to regulatory requirements, the identity of the major chinese steel manufacturer cannot be published without official consent from the central Chinese Government and the manufacturer.

Both parties intend to form a strategic allience in the form of a joint ventures/ capital investment in sourcing iron ore from both Australia and overseas.

This is an important milestone for JMS in progressing it's ambition towards economic development of it's iron ore assests.

Proper consent is expectd to be obtained within 30 days of this announcement.

 

[3 veiws of a secret]

spottygoose!!! your a Trojan many thanks ....just read the script on asx.com........ Well all I will say ......is that it's POSITIVE news indeed! On days like this you wished you topped up @13cents! pure unadultered greed.....now lets see this share nudge past 17cents! haaaaaaaaaaaaa

 

[spottygoose]

spottygoose!!! your a Trojan many thanks ....just read the script on asx.com........ Well all I will say ......is that it's POSITIVE news indeed! On days like this you wished you topped up @13cents! pure unadultered greed.....now lets see this share nudge past 17cents! haaaaaaaaaaaaa

Your welcome, as a mining guru I make a good typist!

Good luck all, a great reward for the faithful ........