JMS - Jupiter Mines

[eMark]

WARNING - JUST A RAMBLE

It's funny. A while ago, a long while ago, say back in April, May, I was real worried about this stock. Why wouldn't I be? I hold it at a loss, my break even is 0.345. But now, I seem to be growing fond of little 'ol JMS. I mean I've held it now for almost 6 months, that's half way to minimal capital gains tax (Woo hoo!). There's one positive.

I remenber during the last correction in Feb/March, it initiallyfell heavily. But this time around even with the immense heavy churning of global markets in general, it seems to be happy to drop or gain a cent here and there. Not to bothered by it all.....yet! I'm not concentrating on the (yet) too much. But I guess it depends on the outcome of next weeks meeting, and maybe some positive news sometime soon?

It appears comfortable in the low to mid 20's. But I just get this feeling that it wants so bad to move into the 30's range and beyond (properly this time), regardless of what is happening around the world.

Lately I'm pretty impressed with little ol' JMS.....

 

[stormbringer]

Anyone out there looking for some upside, jump on JMS tomorrow or wednesday. I believe B1 and B2 will be voted out at the EGM, and I'm expecting considerable upside. Furthermore, as has been hinted in the past by themselves, the Talbot group are likely to take a larger position in the company, and I'd suspect the drilling/exploration programme to really kick into gear if this was to occur.

 

[Synergy]

I'm pretty much in the same boat as you Emark, I can't really see this stock falling too much from where it is now. Seems to have pretty good support at 23.5c. Its just a sit and wait for me, not one i'm wasting too much energy worrying about.

 

[eMark]

Well amidst the carnage of today, the resignation of B1 & B2 prior to todays EGM kinda went unoticed. Not a surprise they have gone really, and I guess that explains the SP holding as well as it did today. I would have expected more upside on any other day or month. But I guess that would a big ask with todays general market performance.

What now?

 

[stormbringer]

Totally agree emark. I'm looking forward to things settling down, and then we'll see who's genuinely interested in this stock. Might be some time though, after viewing an interesting interview yesterday, stating that the winding down of many accounts in hedge funds might not fully register for another month or so. This alone will be keeping some downward pressure on the major indices, how much, not to sure. I'm no expert in this matter, but the fundamentals of the argument sounded convincing.

 

[stormbringer]

Jesus, someone just sold out, and I'm guessing it's B1 or B2, maybe both. I'm going to pick up what I can, great buying opportunity.

 

[noirua]

Jesus, someone just sold out, and I'm guessing it's B1 or B2, maybe both. I'm going to pick up what I can, great buying opportunity.

Good Luck: The knife is plunging to the ground, only grab it if you really think it's worth going for. It looks as if some are panicking "Get me out at any price". Looking cheap, but that doesn't mean it won't go lower.

 

[eMark]

Jesus, someone just sold out, and I'm guessing it's B1 or B2, maybe both. I'm going to pick up what I can, great buying opportunity.

O.K. Hands up, who's responsible for pushing JMS down 4c today? I want someone to own up....or there will be detention for every JMS holder!

 

[stormbringer]

lol, as long as I don't have to stand in the corner emark. But seriously, does anyone else out there think what I'm thinking, that the disgraced directors are dumping their holdings? The market was expecting them to be ousted, and had showed signs of it's approval, hence the support whenever either one of them sold down their position. So fundamentally, I can't see any other reason for such a huge sell off. JMS is still a good spec stock to be on, which brings me back to my theory regarding B1 and B2. I'll acknowledge the market as a whole is in the red, and this maybe the case over the next month or so, but I don't think nerves have been behind this sell off. Let me know what u guy's think. Either way, I'll be holding and may even accumilate some more, until at least they have drilled brockman.

 

[stormbringer]

Company Update :

Just got off the phone talking with Charles Guy, exploration manager for Jupiter. He has finalised the drilling campaign for brockman, has all the approvals and is just waiting for a drill rig to become available. Also, his team is currently at Mt Mason, mapping out the next drill campaign for that area. He expects this to be completed sometime in September.

The next quarter could see some much anticipated news being released

 

[Garpal Gumnut]

Well amidst the carnage of today, the resignation of B1 & B2 prior to todays EGM kinda went unoticed. Not a surprise they have gone really, and I guess that explains the SP holding as well as it did today. I would have expected more upside on any other day or month. But I guess that would a big ask with todays general market performance.

What now?

Can anyone explain what value B1 and B2 gave to JMS apart from allegedly making gooses of themselves on the emirates flight. It seems to have not performed since they alighted from the second leg of their unfortunaate journey to the UK.

Looking at the chart it is in a trading range and could go either way.


Garpal

 

[stormbringer]

I think with the new management, we're going to get the facts as they present themselves, and little or no "make it sound good" articles regarding the potential of a particular deposit. Intersting though, a little news on the nickle front and JMS is popular again, or is there more to this sudden interest than meets the eye. As I posted a couple of weeks ago, they were heading to brockman as soon a drill rig became available, and they were well under way mapping out a drilling plan for Mt Mason. Are we finally going to see the SP rise above the +.30 mark, and will all those who've been holding at a loss some where in the .30's sell after breaking even, or stay on board and enjoy the ride?

 

[eMark]

Are we finally going to see the SP rise above the +.30 mark, and will all those who've been holding at a loss some where in the .30's sell after breaking even, or stay on board and enjoy the ride?

For me (one of the holders in the 30's) it's going to depend on market sentiment to begin with. There will be a lot of "I've had enough" sellers looking to break even in the 30's (I will be tempted). But as long as there are more buyers than sellers (ie sentiment picks up, possible further announcements etc), this may stop me from selling to early and "enjoy the ride". It would be a real shame to "break even" and then watch it move into blue skies. I'll wait and see....

 

[eMark]

Any chartists care to comment on this stocks performance, and possible future direction?

From what I can see is that JMS on it's attempts back up has created a new resistance of 0.28c. It has hit this price (or thereabouts) on 3 occasions, once in late June, another in late July, and most recently mid September before falling away again. I haven't checked the volumes on each decline, but it would seem when it hits 0.28c some big sellers come in?

I would appreciate some technical analysis, and possible review on fundamentals. Thankyou.

 

[Garpal Gumnut]

Any chartists care to comment on this stocks performance, and possible future direction?

From what I can see is that JMS on it's attempts back up has created a new resistance of 0.28c. It has hit this price (or thereabouts) on 3 occasions, once in late June, another in late July, and most recently mid September before falling away again. I haven't checked the volumes on each decline, but it would seem when it hits 0.28c some big sellers come in?

I would appreciate some technical analysis, and possible review on fundamentals. Thankyou.

Enclosed is a chart of JMS., with 10 and 30 day moving averages, yellow and red. , 2 support lines at .20 and .12.

Its all over the place, since hitting its highs in Jan Feb 07.

The moving averages have, and the trend has, generally been down over the last 3 months.

There is a support ascending trendline going from the .07 mark in Feb 06, to the present, which provided support in Oct and Nov 06., and may do so again soon.

It may find support at .20, but if it doesn't, .12c is not an impossibility. Volume has increased over the past few days and the last 2 days have closed on lows.

I would not buy into this at present on technical analysis.

Ramadan approaches and the board will be on their best behaviour, so it may find support. I have no idea what its fundamentals are.

Trust this helps.

Garpal

 

[noirua]

Although the above chart, cheers Garpal Gumnut, shows a very strong floor at the 20 cent level, it also shows a strong 30 cent level, beckoning.

Interests: Iron Ore at Mt Mason, Gold at Mt Idar and Hope and Nickel at Pilbara, shows the promising portfolio of JMS. I'm holding, hoping for a lot more from this one.

 

[eMark]

Yes thankyou Garpal Gumnut, the chart was helpful, thanks for your efforts. I have to agree, both the 20c and 30c mark are strong in their own rights. Not that JMS is producing yet; but I found a heartening article re Iron Ore, if they can just hurry and get their production under way.

JP Morgan Joins The Iron Ore Bulls Club
FN Arena News - September 18 2007
By Rudi Filapek-Vandyck

Commodity specialists at JP Morgan have joined their colleagues at Merrill Lynch, Deutsche Bank and GSJB Were, among others, by increasing their price expectations for iron ore over the next two years.

JP Morgan’s basic assumption the market for iron ore will remain tight with demand high and supply hindered by bottlenecks is in line with what other experts concluded earlier. And so are the new forecasts that see prices increasing for the next two years.

JP Morgan’s revised forecasts assume iron ore contract prices for lumps and fines will increase by 25% from next year April onwards, to be followed by another increase of 10%, before prices may start trending down again.

Also, the broker notes how the freight differential between shipments from Brazil and Australia to China has run up to US$40/t recently, arguing this gives producers such as BHP Billiton (BHP), Rio Tinto (RIO) and Fortescue (FMG) a big incentive to address the issue with their customers. Either that or these producers will find it attractive to offer more of their production on the spot market, JP Morgan believes.

 

[eMark]

lol, as long as I don't have to stand in the corner emark. But seriously, does anyone else out there think what I'm thinking, that the disgraced directors are dumping their holdings? The market was expecting them to be ousted, and had showed signs of it's approval, hence the support whenever either one of them sold down their position. So fundamentally, I can't see any other reason for such a huge sell off. JMS is still a good spec stock to be on, which brings me back to my theory regarding B1 and B2. I'll acknowledge the market as a whole is in the red, and this maybe the case over the next month or so, but I don't think nerves have been behind this sell off. Let me know what u guy's think. Either way, I'll be holding and may even accumilate some more, until at least they have drilled brockman.

Current as of Friday 21 September

SELLS LIST

Still a bit of dumping going on from B1 or B2, or Hedge funds?

1 0.230 61,500
2 0.235 60,000
3 0.240 18,543
4 0.245 534,500
5 0.250 1,000,000
6 0.255 411,200
7 0.260 10,600
8 0.265 75,000
9 0.270 42,000
10 0.275 128,928

 

[Gspot]

Mt Hope/Ida/ Magnet seem to be about 300kms from Mt Gibson and the Midwest Region.
Is it possible they could join up to this group, if their resources are upgraded, or they find another deposit between these areas????
Have I got too much time on my hands to think like this?

 

[eMark]

Nice little bit of news today. Waking up JMS from it's slumber.

Additional High Grade Hematite intercepted at Mt Mason CYIP

Last Trade: 0.245 AUD
Trade Time: 4:10PM AEST
Change: 0.015 (6.52%)
Prev Close: 0.230
Open: 0.230
Bid: 0.240
Ask: 0.245
1y Target Est: N/A

Day's Range: 0.230 - 0.260
52wk Range: 0.120 - 0.430
Volume: 1,964,930
Avg Vol (3m): 830,309
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): 0.000
Div & Yield: N/A (N/A%)