- Joined
- 9 May 2006
- Posts
- 76
- Reactions
- 0
Im in at 16c...YT I'm inclined to agree with you on this one...I think the drilling results will be great for the iron, and JMS still have a decent gold interest too.
JMS - Jupiter Mines
- Thread starter YOUNG_TRADER
- Start date
-
- Tags
- jms jupiter mines
ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
- Posts
- 457
- Reactions
- 0
lewstherin said:
I was in at 17.5c, but it's now down to 15.5c so may scoop some more.
Hopefully there'll be some news exposure soon
- Joined
- 22 June 2005
- Posts
- 277
- Reactions
- 2
I agree YT there is no point watching this bounce up and down, wait until the market notices and then just worry about when to exit. I was pissed I wasn't home to buy when it dropped to 15.5 today, I want 1,000,000 shares at that price its a bargain...oh well I'll get them tomorrow!
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
ctp6360 said:
1 mil????????????
How big is your portfolio? 1m shares@15.5c = 1/2 my total portfolio and I thought I invested a bit, sheeessshCTP is big time!
As for the stock, its starting to get a bit of news coverage on different sires re the MOU, patience shall be our virtue
- Joined
- 9 May 2006
- Posts
- 76
- Reactions
- 0
I'm considering taking up an increased position if it moves back to 16c...hell even its close of 17c is attractive...
ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
- Posts
- 457
- Reactions
- 0
Currently at 19c
Interesting report from MiningNews.net:
Jupiter said the parties signed an MOU yesterday giving Sinosteel the exclusive right to negotiate the terms of a JV for a period of 30 days following the receipt of results from a preliminary drilling program at the Mt Mason hematite project.
Jupiter director David Evans told MiningNews.net Mt Mason was a high-grade, good quality iron ore deposit, and that was why Sinosteel responded quickly when it was sent information on the project.
"We've finished the drilling and we'll get the results back in about a week from now … we did nine drill holes to test the thickness, the depth and the grades of the iron ore deposit," Evans said. "If Sinosteel agree to proceed, we'll put together a framework for a joint venture agreement."
The Mt Mason project is located around 112km north-west of Menzies in the Eastern Goldfields and around 100km north-east of Portman Mining's Windarling and Koolyanobbing operations.
Evans has ruled out selling ore at the mine gate.
"We want a standalone operation, the idea is that we'll truck the ore to the railway at Menzies and then we'll freight it down to Esperance," he said. "Sinosteel have the marketing in place in China and that's one of the advantages of having them as our partner, they're good managers and operators."
Evans said the agreement would be similar to the un-incorporated JV Sinosteel has with BHP Billiton at the Channar iron ore mine.
"We'd put together one of these un-incorporated joint ventures … they said that they'd finance the whole project, that they want a controlling equity, which is okay by us, we're still negotiating the exact percentage," he said.
"Those negotiations will start heating up I'd imagine around five weeks from now, and we'll repay them part of the project set-up costs through the cash flow from the iron ore mine. That's the plan we're working towards."
Jupiter has also applied for two iron ore leases, Brockman and Beasley Creek, which are near Rio Tinto's Brockman 3 and Tom Price mines in the Pilbara, but Evans said they had not come up in discussions with Sinosteel at this stage.
"I have talked to Rio Tinto about those projects, but we need to get the leases granted by the mines department first," he said. "They adjoin Rio's ground and they look very good visually, from our point of view they are a logical partner to talk to."
Sinosteel has been busy on the WA iron ore front, signing an MOU with Cape Lambert Iron Ore for the development and off-take from its namesake project in the Pilbara in March, and forming a JV with iron ore producer Midwest last October.
Interesting report from MiningNews.net:
Jupiter said the parties signed an MOU yesterday giving Sinosteel the exclusive right to negotiate the terms of a JV for a period of 30 days following the receipt of results from a preliminary drilling program at the Mt Mason hematite project.
Jupiter director David Evans told MiningNews.net Mt Mason was a high-grade, good quality iron ore deposit, and that was why Sinosteel responded quickly when it was sent information on the project.
"We've finished the drilling and we'll get the results back in about a week from now … we did nine drill holes to test the thickness, the depth and the grades of the iron ore deposit," Evans said. "If Sinosteel agree to proceed, we'll put together a framework for a joint venture agreement."
The Mt Mason project is located around 112km north-west of Menzies in the Eastern Goldfields and around 100km north-east of Portman Mining's Windarling and Koolyanobbing operations.
Evans has ruled out selling ore at the mine gate.
"We want a standalone operation, the idea is that we'll truck the ore to the railway at Menzies and then we'll freight it down to Esperance," he said. "Sinosteel have the marketing in place in China and that's one of the advantages of having them as our partner, they're good managers and operators."
Evans said the agreement would be similar to the un-incorporated JV Sinosteel has with BHP Billiton at the Channar iron ore mine.
"We'd put together one of these un-incorporated joint ventures … they said that they'd finance the whole project, that they want a controlling equity, which is okay by us, we're still negotiating the exact percentage," he said.
"Those negotiations will start heating up I'd imagine around five weeks from now, and we'll repay them part of the project set-up costs through the cash flow from the iron ore mine. That's the plan we're working towards."
Jupiter has also applied for two iron ore leases, Brockman and Beasley Creek, which are near Rio Tinto's Brockman 3 and Tom Price mines in the Pilbara, but Evans said they had not come up in discussions with Sinosteel at this stage.
"I have talked to Rio Tinto about those projects, but we need to get the leases granted by the mines department first," he said. "They adjoin Rio's ground and they look very good visually, from our point of view they are a logical partner to talk to."
Sinosteel has been busy on the WA iron ore front, signing an MOU with Cape Lambert Iron Ore for the development and off-take from its namesake project in the Pilbara in March, and forming a JV with iron ore producer Midwest last October.
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Gspot said:Hi Guys, been reading with interest on this for a few days and ended up buying @ 17c today. Find YT informative and compelling. Lets hope you know where my G spot is YT?
Your G-Spot
You had better be female, else I may need counselling
:
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Native Title clearances given for the two remaining Iron Ore applications,
Beasely River and Brockman (both near Rio Tinto) these were the two that I thought Rio would farm into, given Sino farmed into Mt Mason, Rio had better get a move on with these 2 else Sino swoop again,
Anyway this maybe just what was required to jump above 20c level, lets see
Beasely River and Brockman (both near Rio Tinto) these were the two that I thought Rio would farm into, given Sino farmed into Mt Mason, Rio had better get a move on with these 2 else Sino swoop again,
Anyway this maybe just what was required to jump above 20c level, lets see
- Joined
- 9 May 2006
- Posts
- 76
- Reactions
- 0
YT - YOU ARE THE MAN!
20.5c !
20.5c !
ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
- Posts
- 457
- Reactions
- 0
YOUNG_TRADER said:
What's is like to always be right YT?
Closed 20.5 c
- Joined
- 4 May 2006
- Posts
- 24
- Reactions
- 0
Wowww...I'm a newbie..managed to buy in @0.17 few days ago. Any idea why JMS is in Trading Halt after the announcement? to stop people buying or selling?
JT
JT
- Joined
- 9 January 2006
- Posts
- 335
- Reactions
- 0
Good job YT - where will the SP head from here, any guesses?
ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
- Posts
- 457
- Reactions
- 0
jovialTrader said:
What trading halt??!
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
spottygoose said:
If AQD is any guide to go by, 40-50c depending on drilling etc, details of JV, any further farm-ins, its actually dissapointing AQD shot up to 40c on ann of Rio MOU, I really expcet JMS to get up to 30c in the next week, I mean its Sino Steel!!!!!!!!!!
After more certainty 60-75c is a good 3-6month target
- Joined
- 9 January 2006
- Posts
- 335
- Reactions
- 0
I think you may be right. I too think 30c is just around the corner based on the information we have right now. As soon as we get that consolidating news I hope we reach your 45-50c target. Anything above and beyond should see your 60-75c. I shall be keeping my ear to the ground that is for sure.
YOUNG_TRADER said:
I agree totally with you Young Trader,
I am going to get another small lot tommorrow (after seeing what ctp buys, all mine are are pretty small
: ), i think the market still haven't really reacted to it much to all the news that it's been receiving, the trading volume is still low, was a fantastic gain today but i think it's got plenty more to come!!! Thanks YT for tipping this one, great pick
Hypnotic
- Joined
- 22 June 2005
- Posts
- 277
- Reactions
- 2
Hi Guys,
I was in ****ing meetings all day today so I wasn't at home to watch EVERYTHING I OWN GO UP! haha what a great day! Anyway now I'm really pissed that I was a smart ass and tried to hold out for 15.5 the other day when I probably could have got most of what I wanted at 16.
I think YT is dead right on this one, and even if he isn't I've made plenty of money on it already just riding it up and down.
I'm by no means a fundamentalist so I'm no good in offering what I think will happen in the future. What I tend to do is notice stocks that seem to have a bit of buzz around them, look at the graph and form my own opinions and THEN have a look at what people are saying about it...I find this stops me from making decisions based purely on hype.
That's why I love YOUNG_TRADER so much, every time I see a stock I like and think would be a good buy, I notice YOUNG_TRADER all over the place will full analysis and comments, which always makes me realise I've made the right decision!
I was in ****ing meetings all day today so I wasn't at home to watch EVERYTHING I OWN GO UP! haha what a great day! Anyway now I'm really pissed that I was a smart ass and tried to hold out for 15.5 the other day when I probably could have got most of what I wanted at 16.
I think YT is dead right on this one, and even if he isn't I've made plenty of money on it already just riding it up and down.
I'm by no means a fundamentalist so I'm no good in offering what I think will happen in the future. What I tend to do is notice stocks that seem to have a bit of buzz around them, look at the graph and form my own opinions and THEN have a look at what people are saying about it...I find this stops me from making decisions based purely on hype.
That's why I love YOUNG_TRADER so much, every time I see a stock I like and think would be a good buy, I notice YOUNG_TRADER all over the place will full analysis and comments, which always makes me realise I've made the right decision!
