JMS - Jupiter Mines

[SevenFX]

last 3 small trades went through at .36c

 

[tech/a]

Just back in the office.
Left instructions with broker to sell if it traded at 36.5.

Good or bad I'm leaving this alone until its crystal clear.

Whole market is dead I note (from scans),nothing of much interest so time to do some real work!

 

[exberliner1]

For those of you who haven't had a look go to the ann. of 28th November...... The Chinese JV ann. - look on page 4 at that nice photo showing the JMS Beasley River project which is a JV with RIO. The photo shows the JMS tennement and its relation to RIO's.

Then look at that Brockman ann. from 4th Dec.....also next door to RIO ....literally next door.

If you were RIO - and cashed up as RIO is......what would you do??? - especially when you could buy the whole of JMS for the corporate equivalent of loose change...why be in a JV....when you can have the whole pie......why wait for Brockman to be quantified with the subsequent SP rise when you could buy the whole thing now - cheaper...

Any opinions??

I really would not sell JMS atm.

EB

 

[Gspot]

HMMM! Rio wanting in?? What a lovely thought. I've held through the last week, purely on this kind of thinking. 50c for me please!

 

[YOUNG_TRADER]

I really would not sell JMS atm.

EB

Then you really should have been buying when it was 14c, projects haven't changed one bit since then!

Mate I'm gonna say this one last time, they haven't recieved assays yet for the surface samples, you really must not know the Iron Ore Game, if you did you wouldn't be so Bullish untill you knew for sure that the Avg fe Grade was at or close to 60% and it had low Impurity levels such as Silicone and Phosphorus,

If your trading it, then trade it,

But if your talking fundamentals re the Deposit well then its different!

Also the Beasley JV has nothing to do with JMS, its a JV involving a few miners and RIO,

Last time I'll post on JMS for a bit,

I just don't want to see newbies get sucked into the momentum of this stock and burnt,

Guys its was an amazing stock at 7c when I first noticed it,

Still great at 14c

Was good value up to 25c

But 35c+ with no assays yet is not value territory for me

Good luck

 

[pussycat2005]

The secret capper /buyer is probably Talbot

Anchor man

Jupiter mines jumped more than 20 per cent on news QLD mining magnate Ken Talbot took 5 million Jms shares at 28 cents through his private investment vehicle Talbot Group Holdings

 

[Snakey]

topped up @ .35
for tommorrow

 

[exberliner1]

YT I may be a newbiw on this forum but I have posted about 1,700 times under this nic over on HC.....I bought JMSO between 2 and 3 c and am now completely free carried on 150k oppies.

Obviously a very lucky newbie ;-)

I do not believe all this buying recently was just extremely rich day traders splashing their cash around.

EB

 

[pussycat2005]

Guys its was an amazing stock at 7c when I first noticed it,

Still great at 14c

Was good value up to 25c

But 35c+ with no assays yet is not value territory for me

Good luck

YT why would a mining magnate buy 5 million shares at 28 cents.... if there was no value...

also assay results are due in 2 -3 weeks time or sooner...

if they are remotely good... i have a figure what the sp could hit...

you did well - what price did you sell and at what price have you got a bid lol you can't be THAT greedy...

 

[spottygoose]

:

Was good value up to 25c Good luck

YT, you posted this on the day the SP close at 31c -

Its going crazy,

I was caught off guard with Brockman,

a 4km long by 300m wide target is quite large and its very close to RIO's Brockman


So much activity,

Over next 4 weeks we can expect updates re

1. Brockman- Assays from this target

2. Widgie - Survey

3. Central Yilgarn Mt Ida/ Mt Hope - Chinese JV

4. Beasley River - Drilling


Are you lining up for another go? I still think we have plenty of upside....

 

[Snakey]

out at open
gamble didnt pay off
will wait for completion of re trace

 

[SevenFX]

out at open
gamble didnt pay off
will wait for completion of re trace

Snakey, So where do you see the retracement as complete.

 

[MiningGuru]

I won't re-enter this share until it gets to around 25c

I think it will steadily decline now that the initial excitement is over

 

[CanOz]

I would be suprised if 30c got broken, assuming commod. sentiment remains strong. Thats a 50% retrace, pretty normal.

 

[MiningGuru]

30c has now been broken.

Closed at 29.5.

I can see this falling to the mid 20s next week.

It just rose too high too soon.

 

[dj_420]

i agree, 30 cents mark was a physcological support as well as the 28 cents mark with that large placement. if it breaks 28 cents its heading back to low 20's IMO. i wanted to look at re-entry around 25 cents.

 

[redandgreen]

i agree, 30 cents mark was a physcological support as well as the 28 cents mark with that large placement. if it breaks 28 cents its heading back to low 20's IMO. i wanted to look at re-entry around 25 cents.

why would the price drift lower with so many developments i.e. assays from Brockman, anticipated JVs expected in the short term?
I would expect most punters would continue to hold for at least the next few weeks or until there is further news.

 

[dj_420]

well to start with its retracing from a huge run which is perfectly normal. every day this week people have been stating, JMS is about to run again, it cant drop any lower, well i bet nobody was betting it would break 30 cents.

the stock is going to face some resistance, after such a big run many people who are still holding will now be facing losses.

i see this stock as good value at 25 cents. if the sp breaks the 28 cent mark this may well get dumped to low 20's. why?? because this is the price of the last placement, people will see this as a floor and if it breaks it will drop.

im not saying this is a bad stock, quite the opposite, i will be re-entering this stock when i see it as fair value which is mid 20's.

i caught the first run up and jumped off before the re-trace. one thing i have learnt that if you chase a stock on a run you can get burnt. and if you bought at 40 cents then i would dare say you were chasing a stock on a run.

 

[dj_420]

look at SMM, sp ran up to almost 3.00 then retraced to 2.25, why would that stock get sold down on the fact that JORC results were due?

because it ran hard, maybe to hard. stocks tend to follow a pattern or sorts.

anyways closing on the low of the day is very bearish and we could see further weakness before a turnaround. just my opinion.

 

[3 veiws of a secret]

look at SMM, sp ran up to almost 3.00 then retraced to 2.25, why would that stock get sold down on the fact that JORC results were due?

because it ran hard, maybe to hard. stocks tend to follow a pattern or sorts.

anyways closing on the low of the day is very bearish and we could see further weakness before a turnaround. just my opinion.

....and whilst everybody hedges on their possible theories ...the pending or not so pending JV beckons. GASP