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JMS - Jupiter Mines

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YOUNG_TRADER said:
I wonder if todays action was tech based I charts/breakout etc, or fundamental in the form of an ann coming out?
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They say charts never Lie, and everything is factored into the charts.

JMS hasn't failed yet, so perhaps 2morrow above ave volume like 2day.

Note: Small amendment 2 previous post.

Cheers
Good Luck. (Not that luck has much to do with it.)
SevenFX
 
YOUNG_TRADER said:
Looks like it stalled on open,
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Do you mind if i ask what you think it was stalled by YT... Are you simply suggesting that a positive start results in an entire positive day...

Novski
 
very interesting ann, talbot has purchased another 5 million shares on market. thats why we saw such a big run yesterday.

now although that is all very speculative talbot has been buying up really big in JMS lately. and the last couple of times have been on market transactions also.

i dont know what other people may read into this but i think it is a good sign.
 
Yeah but unless I calculated wrong most of his buying was at 33c, although I didn't think he SP was down there,

Also the spate of directors selling to fund their option conversions was huge,

I think somewhere in there the directors where doing cross trades selling to Talbot at discount (ie 33c) so they could fund conversion of their 20c opies

Anyone else care to have a look at the ann's and comment?
 
I had a good look at all those change of director's interest and change in substantial holdings notices.

Talbot looks like he got in on the 15th...2 days ago. So they might have got in around the 35 cent mark unless they had some deal with the directors. So now is the question who is buying up the shares today?? Unusally high volume yesterday and high number of trades than normal. I am leaning towards good news coming and some insider knowledge on soon to be annoucements. I am not surprised to see an announcement for tomorrow about Widgie.. but ultimately I hope its about something to do with their iron deposits.

But then again we could see it going weaker with people selling out for locking in profit. Chart wise looks good, MACD turning, if it holds up at 40 cents level and consolidate I could see this go to 50 cents with strong iron deals now going, maybe they have struck a JV deal or something is on the table?? Any other thoughts??
 
I had a look at the change of interest filings and see that Dennis Wood was appointed a non-exec Director of JMS in late dec and he's also a Director of Talbot. Of the 5,050,000 shares picked up by Talbot recently,
500,000 were from Broome (JMS Chairman) at 35 cents (after he exercised options) on December 28
1,500,000 were from Evans (JMS MD) at 33cents on Jan-10
1,100,000 from Murray (JMS Dep Chairman) at 33cents on Jan-10
1,300,000 from Snaith (JMS Director) at 33 cents on Jan-10
The rest were picked up in the market on dec 28 and 29, so most of them were for director financing of option premiums and traded off market.

So the 9mm shares traded in the market on 15th were NOT Talbot.

Something else brewing methinks
 
YOUNG_TRADER said:
Yeah but unless I calculated wrong most of his buying was at 33c, although I didn't think he SP was down there,

Also the spate of directors selling to fund their option conversions was huge,

I think somewhere in there the directors where doing cross trades selling to Talbot at discount (ie 33c) so they could fund conversion of their 20c opies

Anyone else care to have a look at the ann's and comment?
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Thanks Roscoe, thats what I thought,

Anyway I took my profits on JMSO, my experience tells me that options trade at a substantial discount in the few days prior to de-list which is 23rd if I''m not mistaken, ie even if stock is around 45c opies may only go as high as 20c, don't ask me why but it usually always happens, this isn't a recommnedation, rather just a comment based on a few years of observations


Good luck to all
 
Any thoughts on the latest announcement. I'm thinking it might mean that they will have better news then the chinesse venture. It seem to be supporting the share price any way.
 
im hoping that its a ann for JV with one of the majors. but thats just speculation.

but yes the ann has seemed to keep sp propped up today. anyway im waiting very patiently for the next ann.
 
sp seems to have increased in last couple of days on low volume. sign that sellers are not willing to push sp down.

not sure whats happening. seems smaller traders have pushed sp right back up.
 
had been pushed up on thin legs, however now buyers have filled the gaps. some decent support shown again for this stock.

possible news in qtrly re JV?

sp has made a number of attempts to break out. some solid resistance around that 43 cent mark. shown good support.

IMO has also formed long ascending triangle.
 

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Almost tempted to place this one in the potential breakout thread. Not just because of the chart pennant but also because of that last ann......"However, the company is currently considering other opportunities......................"

In hindsight obvious clues are...well..obvious......or am I just hullucinating here!!
 
well late november they were making much more obvious statements that they should be anning a chinese JV within 30 days, its a good 75 days and so far nothing, oh well, trying to second guess or read in between the lines can be dangerous
 
Hey DJ and YT, You guys seem to have a pretty good handle on this stock ... any thoughts on todays late sell off?? Not huge volume, but enough to consider ?? ....... This is the first time in over 2 months JMS has been under the 30 day MA .......... Any fundamentals changed that you guys know about? Cheers, Barney.
 
Halba said:
imma gonna hold till nickel drilling

their properties are good
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i sold some today @ .37 though i cannot overlook their bright Ni & Fe prospects with gold results coming out in several weeks. its a great story in my mind.
 
nothing about their story has changed. still have great fundamentals, nickel, gold, ore.

i think a few holders have got sick of waiting for the pending JV announcement thats all.

ill post up a chart on the action shortly.
 

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