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JMS - Jupiter Mines

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jovialTrader said:
Hi Professor,

I've found the following story from another forum. I cannot verify the integrity of such news though. Let's us all hope that this will not have too much effect on the SP.


STORY

Two former Perth stockbrokers and directors of minerals explorer Jupiter mines have been locked up in the UAE after clashing with airline staff in the first class section of a flight from Sydney.

Businessman David Evans and Jeremy Snaith are understood to have been arrested by UAE police after an incident on April 26 in which the Abu-Dhabi based Etihad Airways alleges members of its staff were abused.

An Australian diplomatic official in Abu Dhabi refused to discuss the mens plight, saying it would be a breach of Federal privacy laws. The UAE consulate declined to comment.

One source said yesterday the charges included unruly and disruptive behaviour on an aircraft.

Business sources said Mr Evans, 37, was released on Wednesday after Dubai-based WA businessman Mick Shemasian put up bail money. But Mr Snaith, 39, was still in custody.

Both men were stockbrokers in Perth last decade before moving to Sydney, where they are now executive directors of Jupiter and promote its WA-focused iron ore and nickel exploration activities to investors.

Mr Snaith's brother Chris, who is managing Jupiter's HQ, did not return calls yesterday.

One source said the incidents occurred after the men put on pyjamas supplied to first class passengers on the 13 hour flight from Sydney to Abu Dhabi. Most crew on the airline are not UAE citizens and are recruited worldwide. But flights to Abu Dhabi are covered by UAE laws, a mixture of civil, criminal and Islamic Sharia laws.

An Etihad spokesman refused to discuss the charges, saying it would wait for the court decision. It treated such incidents 'extremely seriously'. The safety and security of customers and staff was top priority, he said.

END


JT
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obviously mgt are a quality pair here. lol. i think talbot should evict these buffoons from JMS and put someone quality in
 
This is one of the funniest things I have read in a long time. I bet they were just about to seal a deal and they messed it up again. LOL
 
:banghead:

Another company joining the uranium hunt.

Next thing you know TLS will be applying for EPLs with potential U.

:banghead:

Well, at least these guys are a resource company. I wonder who their uranium specialist will be? Some old WMC has been who was retrenched by BHP probably.
 

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  • JMS U hunt.jpg
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If Jupiter Uranium gets listed as a seperate company, there could be some good profits for current holders of Jupiter Mining.

It seems that to me that this company is way undervalued. With the Iron Ore assets and now the U, this company should be over 40c, the previously high that was reached when the Fe results came out.
 
Hopefully, it will be just a matter of being patient as the publicity today may bring in some more buyers before the close. May add a few more.
 
MiningGuru said:
If Jupiter Uranium gets listed as a seperate company, there could be some good profits for current holders of Jupiter Mining.

It seems that to me that this company is way undervalued. With the Iron Ore assets and now the U, this company should be over 40c, the previously high that was reached when the Fe results came out.
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some of us really need some profits. it has been a long couple of months. managment are really bad with two awol. hopefully when they are removed the company will be rerated to its assets. untill then sideways or down we go.:banghead:
 
Dave31 said:
Interesting news article... Jupiter Mines Directors on drug charges in the UAE
http://www.news.com.au/story/0,23599,21811868-2,00.html
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What the hell is going on? Surely JMS are going to kick these idiots outof their current positions? Sex, drug, and other charges, for goodness sake! Get them out now! Get someone else in. I do hope that this does not further affect JMS.

Does anyone know anything further?
 
eMark said:
What the hell is going on? Surely JMS are going to kick these idiots outof their current positions? Sex, drug, and other charges, for goodness sake! Get them out now! Get someone else in. I do hope that this does not further affect JMS.

Does anyone know anything further?
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reading into the ann from the other day they are looking to replace these two buffoons soon.

the thing i want to know is if this is the first time they have been caught how many other times have they been blowing shareholder funds?

i have said it before that talbot should just takeover company while it is cheap and get someone quality in there who can steer the ship
 
Eating fermented camel. what a shocker. It will be interesting to see if these guys will start their drilling campaign while the directors are locked up or if we have to wait for them to be back. Time will tell but that 7 mil in the bank is decreasing every second they waste.
 
the two clowns get a mention in AFR, Australian and SMH. today..I am so glad they have been sprung, hopefully now we can get back to the business of making money for the long suffering shareholders...I would doubt that they will be reinstated... we can now look forward to a brighter future for JMS .....remembering they definitely have the resource it just a question of better management of those resources
fingers X'ed
 
Listening to what is being said by the Lawyer representing these guys, I am now starting to get a more balance view on what was happening on that flight. Having worked and lived in third world countries, in different parts of the world for 5 yrs I can fully appreciate how Western's can be "hung out to dry" without the normal protocols of the justice system we take for granted.

Sometimes you get an offical who decides to be vendictive and can turn your world into a world of S%!$ very very quickly !!. Once these guys are out of the country I am sure we will learn more about things they can not say whilst still in country.

Let us hope that Jupiter's executive management maintain the the focus for us shareholders and improve the communication on what is happening with MOU's etc with those resources they are sitting on.
 
More bad press....Criterion report this week:- Woe is me:(

Jupiter Mines (JMS) 18c

INVESTING in a junior explorer always entails taking a risk or two. But these don't usually include reputational damage flowing from allegations involving high-altitude nudity, crudity and inappropriate contact with hosties.

On a Qantas flight, it would be just another business class lavatory romp. The trouble with Jupiter lads Jeremy Snaith and David Evans is they were on an Etihad Airways flight to the United Arab Emirates, where for a month they've been enjoying the Abu Dhabi prison's cuisine.

But it appears that all's well that ends well. They were last night reportedly free after the prosecution withdrew intoxication and sexual harassment charges.

For Jupiter, though, the problems may only have begun. The duo may be free in the eyes of the UAE judiciary, but their ongoing involvement with the company is less certain.

Yesterday, chairman Alan Broome issued a statement seeking to clarify "misinformation" about the pair's role with the company.

In part, Broome noted that the pair were (and are) non-executive directors, contracted to perform executive duties for 15 hours a week. They were not in the Middle East exclusively on Jupiter business, and Jupiter was not approached "officially or formally with advice regarding the allegations of the background to the matter".

We had the impression the pair played key management roles, Snaith as exploration director. It's now up to holders - including Ken Talbot's private company - to decide whether to convene an EGM about them.

Jupiter's key assets are its Brockman iron ore project near Mount Tom Price and the Woodgiemooltha sulphide nickel project near Kambalda.

We last rated Jupiter a "speculative buy" at 17c in early September last year and the stock obliged by rallying to a peak of 43c.

Jupiter has decent ground for a junior and $7 million cash in the bank. But justly or not, it has credibility woes. SELL.
 
speves said:
More bad press....Criterion report this week:- Woe is me:(

Jupiter Mines (JMS) 18c

INVESTING in a junior explorer always entails taking a risk or two. But these don't usually include reputational damage flowing from allegations involving high-altitude nudity, crudity and inappropriate contact with hosties.

On a Qantas flight, it would be just another business class lavatory romp. The trouble with Jupiter lads Jeremy Snaith and David Evans is they were on an Etihad Airways flight to the United Arab Emirates, where for a month they've been enjoying the Abu Dhabi prison's cuisine.

But it appears that all's well that ends well. They were last night reportedly free after the prosecution withdrew intoxication and sexual harassment charges.

For Jupiter, though, the problems may only have begun. The duo may be free in the eyes of the UAE judiciary, but their ongoing involvement with the company is less certain.

Yesterday, chairman Alan Broome issued a statement seeking to clarify "misinformation" about the pair's role with the company.

In part, Broome noted that the pair were (and are) non-executive directors, contracted to perform executive duties for 15 hours a week. They were not in the Middle East exclusively on Jupiter business, and Jupiter was not approached "officially or formally with advice regarding the allegations of the background to the matter".

We had the impression the pair played key management roles, Snaith as exploration director. It's now up to holders - including Ken Talbot's private company - to decide whether to convene an EGM about them.

Jupiter's key assets are its Brockman iron ore project near Mount Tom Price and the Woodgiemooltha sulphide nickel project near Kambalda.

We last rated Jupiter a "speculative buy" at 17c in early September last year and the stock obliged by rallying to a peak of 43c.

Jupiter has decent ground for a junior and $7 million cash in the bank. But justly or not, it has credibility woes. SELL.
Click to expand...

the problems with management will pass..."SELL" I don't think so..certainly not at the moment and btw it is never a good idea to sell in June..I prefer to pay tax on profits than take an unneceasssary loss to offset the CGT
 
speves said:
More bad press....Criterion report this week:- Woe is me:(

Jupiter Mines (JMS) 18c

INVESTING in a junior explorer always entails taking a risk or two. But these don't usually include reputational damage flowing from allegations involving high-altitude nudity, crudity and inappropriate contact with hosties.

On a Qantas flight, it would be just another business class lavatory romp. The trouble with Jupiter lads Jeremy Snaith and David Evans is they were on an Etihad Airways flight to the United Arab Emirates, where for a month they've been enjoying the Abu Dhabi prison's cuisine.

But it appears that all's well that ends well. They were last night reportedly free after the prosecution withdrew intoxication and sexual harassment charges.

For Jupiter, though, the problems may only have begun. The duo may be free in the eyes of the UAE judiciary, but their ongoing involvement with the company is less certain.

Yesterday, chairman Alan Broome issued a statement seeking to clarify "misinformation" about the pair's role with the company.

In part, Broome noted that the pair were (and are) non-executive directors, contracted to perform executive duties for 15 hours a week. They were not in the Middle East exclusively on Jupiter business, and Jupiter was not approached "officially or formally with advice regarding the allegations of the background to the matter".

We had the impression the pair played key management roles, Snaith as exploration director. It's now up to holders - including Ken Talbot's private company - to decide whether to convene an EGM about them.

Jupiter's key assets are its Brockman iron ore project near Mount Tom Price and the Woodgiemooltha sulphide nickel project near Kambalda.

We last rated Jupiter a "speculative buy" at 17c in early September last year and the stock obliged by rallying to a peak of 43c.

Jupiter has decent ground for a junior and $7 million cash in the bank. But justly or not, it has credibility woes. SELL.
Click to expand...

That was written prior to today's news that Brockman permit has been granted. Tenement along side Rio's. Drilling to start soon. Finally, some really positive news.
 
With the iron ore plays being on the boil at present should there be a re-rating of JMS? Don't forget that it hit 40c not that long ago. Maybe management is all that is holding this stock back.

Duckman
 
Well B1 and B2 have been removed. Sacked. They will loose their director status at next general meeting as well. Let the good times begin to roll.
 
Profitseeker said:
Well B1 and B2 have been removed. Sacked. They will loose their director status at next general meeting as well. Let the good times begin to roll.
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Couldn't agree more, JMS is already picking up after the annoucement. :) Just touched on 20 cents level again. Looks like they really did some serious damage to the company's reputation.

Now we need some solid results from the company. Speaking of results what is happening with their Iron projects, seems to have subsided. And their new Uranium hunt, anyone know what is going on there???
 
There was a 2nd announcement this afternoon regarding an exploration licence for those who missed it.
 

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