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JMS - Jupiter Mines

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could someone tell me what jms is doing today? etrade is down, again, this thread has gone quiet, have you guys all sold it off? ha
 
toc_bat said:
could someone tell me what jms is doing today? etrade is down, again, this thread has gone quiet, have you guys all sold it off? ha
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not doing much today (down) bid @15c
for my part, I will continue to hold, as a LT investor ( JMS is not really a trading stock it seems)
 
toc_bat said:
could someone tell me what jms is doing today? etrade is down, again, this thread has gone quiet, have you guys all sold it off? ha
Click to expand...

I am topping up at these levels as I have faith that the JV will go ahead. We just have a lot of sellers who have been waiting a while to take some profits. With the market down overall again people need to take profits whereever they can. I am assuming once they are gone we will see a bit more action. Many obviously bought in on the assumption that the JV would be a done deal. I am more than happy to hold and still see PLENTY of upside. I hope you can be patient toc_bat.
 
spottygoose

im thinking of selling, at 16c ive looks like itll slide for a few days still, i can always get in cheaper,

ps i am still not sure what the term "proper consent" means, is it another way of saying JV?
 
toc_bat said:
spottygoose

im thinking of selling, at 16c ive looks like itll slide for a few days still, i can always get in cheaper,

ps i am still not sure what the term "proper consent" means, is it another way of saying JV?
Click to expand...

I really don't know, thought perhaps it did but could also mean consent to publish the name of the major chinese manufacturer.
 
toc_bat said:
spottygoose

im thinking of selling, at 16c ive looks like itll slide for a few days still, i can always get in cheaper,

ps i am still not sure what the term "proper consent" means, is it another way of saying JV?
Click to expand...


Toc,

You really need to write down a plan before you enter a trade/investment and stick with it,

ie if your plan was to day trade JMS you should have stuck to it,

If it was to ride the spec wave after the ann you should have done that,

You may be able to get in cheaper, you may not, NOTHING IS CERTAIN!
I just wouldn't want to see you sell and wait to get in only to see the SP rise and then you jump in at a higher price, you really have to make a plan/decision and then stick to it


Re their ann, basically due to Chinese Laws they cannot ann who the JV partner is yet, but will as soon as the Chinese Govt gives consent and so far only an MOU or LOI has been entered into, no binding JV yet
 
YT

you are very right,

so far i have been doing this for 3 months, a very quick initial profit of 50% got me excited, and no doubt fooled me into thinking how easy this was, im now down 30% a few months later, not from my inital high but from all out start.

my plan, or idea really was to ride the wave, the big mistake i made here with JMS is not so much holding, as i almost sold at 17 after buying at 17.5c, which in hindsight would have been a good loss limiting measure, anyway my big mistake is thinking an MOU = JV, perhaps if they released the ann the day before and not 45 minutes before i could have gained form your collective experience and not been so eager to be there at the very start.

so now my plan to ride the wave has gone bust and i have to reasses what im going to do with these guys.

see ya
 
toc_bat said:
YT

you are very right,

so far i have been doing this for 3 months, a very quick initial profit of 50% got me excited, and no doubt fooled me into thinking how easy this was, im now down 30% a few months later, not from my inital high but from all out start.

my plan, or idea really was to ride the wave, the big mistake i made here with JMS is not so much holding, as i almost sold at 17 after buying at 17.5c, which in hindsight would have been a good loss limiting measure, anyway my big mistake is thinking an MOU = JV, perhaps if they released the ann the day before and not 45 minutes before i could have gained form your collective experience and not been so eager to be there at the very start.

so now my plan to ride the wave has gone bust and i have to reasses what im going to do with these guys.

see ya
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yea i wouldnt worry to much if u bought JMS on the merits of the company..having said that tho its all relative and what can be a dog one day is a dream the next and vice versa...cheers
 
Re their ann, basically due to Chinese Laws they cannot ann who the JV partner is yet, but will as soon as the Chinese Govt gives consent and so far only an MOU or LOI has been entered into, no binding JV yet
Click to expand...

so to pick your collective experiences brain,

so far they have an MOU, proper consent is apparently 30 days away,

I am wondering if proper consent simply means consent to release the Steel partners name in the MOU or consent to relese the name of a partner in a JV. Hence in the former the name might be relesed but a JV could still be months in the pipeline. Or the latter a JV could be 30 days away.

Another way of looking at it, how long do JVs tend to take with the Chinese? Is 30 days feasible? Or is it a question of many more months?

bey all, thanx for your inputs
 
Another announcement!

Further discoveries at Widgie...

RE: Widgiemooltha Nickel Project TEM survey discovers further conductors.

Jupiter is pleased to announce the new discovery of three additional conductor zones within the company’s Widgiemooltha Nickel Project (E15/625).

Recently received TEM magnetic data has discovered further conductors south from Cassini nickel zone. This continued success gives Jupiter confidence and demonstrates that the basal contacts located within E15/625 are highly prospective for nickel sulphide deposits, as seen elsewhere (See other Widgiemooltha nickel explorers Mincor and Consolidated Minerals) around the Widgiemooltha Dome.

Jupiter is exploring for the classic Kambalda style basal contact-hosted massive nickel sulphide developed at the base of a channel facies komatiite.

Due to the success the TEM Squid survey has been extended to the west as new conductors are located at the western edge of the original survey program.

Once the moving loop program is complete, follow up work will be done using fixed loop to confirm the depth, dip and extent of the conductors. Conductor A is currently modeled at 400m long by 400m wide, dipping to the east and starting at approximately 80m below surface. It is too early at present to model the other conductors.

Testing of the anomalies (conductors) using RC drilling is planned to commence once the fixed loop TEM survey program has been completed and modeled.

The TEM program is continuing and the market will be informed as things progress.

For and on behalf of the directors of Jupiter Mines Limited.
Click to expand...
 
noirua said:
The build up of news should help push this one on, as 20 cents beckons.
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Sorry guys - I think I am the curse.

JMS are now level with my other resource hopeful - Bemax (BMX) on the "market couldn't care less" factor. I have successfully managed to keep the BMX share price from rising in a buoyant resource market and it looks like I am now doing the same to JMS.

Just to let you know what you are in for - good announcement will follow good announcement and yet the share price merely yawns at the activity.

Save yourselves from the boredom while you can. :D
 
Currently in Channel of 15c-19c,

Would be good to see it slowly move towards 19c level pre JV ann,

Consolidation is good as it shakes out day trades and weak hands, most of whom will jump back in at higher prices on momentum


Hmmm Widgie is certainly looking interesting, I wonder if MCR is paying attention, after all it is only over the fence from their Redross Mine :)
 
YOUNG_TRADER said:
You may be able to get in cheaper, you may not, NOTHING IS CERTAIN!
I just wouldn't want to see you sell and wait to get in only to see the SP rise and then you jump in at a higher price, you really have to make a plan/decision and then stick to it
Click to expand...

Toc today its at 17.5c so if you were looking for an exit because you didn't want to hold well here it is.


For those of us along for the ride,

With so much news flow over the next few weeks, I'd expect a testing of 19c soon
 
YOUNG_TRADER said:
Toc today its at 17.5c so if you were looking for an exit because you didn't want to hold well here it is.


For those of us along for the ride,

With so much news flow over the next few weeks, I'd expect a testing of 19c soon
Click to expand...
Y.T. you might be right on this , considering trading this afternoon we've just cracked 18.5c
Finally a bit of long-awaited action..... :)
 
YOUNG_TRADER said:
For those of us along for the ride,

With so much news flow over the next few weeks, I'd expect a testing of 19c soon
Click to expand...

Wasn't expecting it to try and test 19c resistance so soon but looks like it may today.
 
Somehow I think too many of us where anxious for the ballistic report a few days ago re:trading halt /JV disclosure....just shows you how long micro-caps take to perculate down the chain for this share to show what cream there is.
I've said all along 'patience' is the game here ....and it is a game!
As for Toc_bat if you sold then you learn't again,from an acorn grows an oak....if you held the acorn still grows.........back to the vanilla ice cream G'nite fellow Jupiters!
 

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