JMS - Jupiter Mines

[mick2006]

the positive momentum in JMS had already begun due to the removal of the old board, what is really exciting though is the shear size of the potential Brockman deposit, and until YT worked it out I doubt anyone could believe what they maybe sitting on.

YT is also right see any increase in volume as a sign of insiders buying due to positive drill cores.

 

[tech/a]

Would someone be good enough to show me where this insider buying and positive momentum is evident?
Particularly the clear evidence of increased volume UN categorically proving accumulation.

Always willing to learn.

 

[YOUNG_TRADER]

Tech your misunderstanding what I said,

Read my post

I think regardless of anything else, if JMS finds 50m-100m hits of 60%Fe this stock will get heavy buying and as with TLM which ran from 20c to $1.20 pre any results, insiders will know,

I remember asking my broker, how do insiders know with these Iron ore plays whether the results are good etc and he said that when they pull the drill cores out of the ground the Iron Mineralisation is visible and so you don't really need to wait for the assays to know that a drill core contains alot of Iron,

So I guess like YML, HLX and TLM and countless other Fe plays I expect JMS to run up on insiders buying if the drill results are positive well before the pre Christmas assays,

I said like TLM, YML and HLX if drilling results are good insiders will buy pre results,

Look at TLM, it ran from 20c to $1.20 prior to any drilling results,

Look at HLX it ran from 20c to 50c prior to the announcement that AQA was buying in (ie insiders!)

Look at YML it ran from 35c (post correction) to $1.40+ in a very short period just prior to JORC coming out

So when the drill cores come out of the ground, I'd ecpect the SP to tell us the results prior to any actuall announcement, its how the mkt works these days unfortunately


Also notice how JMS ran up from 20c/22c level to 28c prior to any of the anns re Talbot/Board shake up, coincidence? I don't think so

 

[mick2006]

also important not to rule out rotation inside the iron ore sector, money usually flows heavily into stocks which are closest to releasing drill results, this may well benefit JMS heading towards christmas as we get closer to the Brockman drilling results.

I know I have shuffled in and out of companies like IRM,YML,UMC,TLM,LML trading on the upcoming news.

 

[tech/a]

the positive momentum in JMS had already begun due to the removal of the old board, what is really exciting though is the shear size of the potential Brockman deposit, and until YT worked it out I doubt anyone could believe what they maybe sitting on.

YT is also right see any increase in volume as a sign of insiders buying due to positive drill cores.

YT I was hoping to learn from Micks observations.

But with regard to TLM there is evidence in the chart supporting your view AND youll be able to see evidence in ANY chart to support your views.
JMS CURRENTLY isnt showing such evidence.

Ihave no idea when the announcement for TLM occured.
But here is the commentary (mine) of price and volume from 20c on.
This may help those reading charts---its all there.
But its NOT there YET on JMS

Have a read and I think you'll see what I mean.

 

[mick2006]

Very nice piece of work there tech/a, I strongly believe there is a place for several different types of trading technical/fundamental/value/momentum.

At the moment I like momentum, getting inside the currently hot sectors like iron ore/oil/gold/coal and shifting money according to upcoming news/individual share momentum.

It is important to pick up the trend early and not being afraid to back yourself and always be prepared to take profits when you deem time to move on.

In terms of JMS it may not yet show up on the charts, but what has changed recently is sentiment towards the company it has been a long held view they were sitting on some very interesting tennements and it was just management inaction holding back the shareprice. Now that the management issue has been fixed, the company can go back to being valued on its potential and as YT has highlighted the Brockman Iron Ore tennements has potential in bucket loads.

 

[tech/a]

Well when I see it on the chart I'll more than likely be on the buy side.
Sorry that the example was a little out of context.(Not JMS)

 

[mick2006]

Well tech/a keep us posted on the chart side of things, always interested in a chartists view on things.

And without the techies/momentum/fundamental traders all in agreement it is very hard for any share to rise sharply.

 

[Pommiegranite]

What do you all think about the Klondyke gold project?

RIO targetted 3million+ozs prior to divseting gold projects.

Klondyke contains about 10 disused gold mines, and JMS will be commencing deep diamond drilling there as per annual report.

I've got a feeling that this could be JMS's real jewel in the crown in the medium term (providing POG keeps up)

 

[kpas]

it is important to pick up the trend early and not being afraid to back yourself and always be prepared to take profits when you deem time to move on.

in terms of JMS it may not yet show up on the charts, but what has changed recently is sentiment towards the company it has been a long held view they were sitting on some very interesting tennements and it was just management inaction holding back the shareprice. Now that the management issue has been fixed, the company can go back to being valued on its potential and as YT has highlighted the Brockman Iron Ore tennements has potential in bucket loads.

I agree, and based on what happened with IRM and many other iron ore "possibilitys" I jumped on last week and am happy to hold JMS even if it retraces lower (I will just buy more).

Would rather be on it then miss the train completely.

 

[mick2006]

What do you all think about the Klondyke gold project?

RIO targetted 3million+ozs prior to divseting gold projects.

Klondyke contains about 10 disused gold mines, and JMS will be commencing deep diamond drilling there as per annual report.

I've got a feeling that this could be JMS's real jewel in the crown in the medium term (providing POG keeps up)

Its amazing how JMS gets rid of that rubbish management then all of a sudden you can go back and have a good look at what they are really sitting on.

There is no doubt they have some excellent potential in the iron ore/gold/nickel sectors.

Expect to be hearing alot more exploration news now that management is no longer an issue, also they are cashed up, so no need for any share dilution for a while.

 

[Sean K]

Looks a likely ascending triangle breakout at this stage, IMO. Has even tested 28 as support and bounced off. In all probability the break has occurred and should continue on. Just a probability of course, and there does look to be more resistance around 30.

The short term target is the distance of the widest part of the triangle after the break.

While risk in the funnymentals, looks to be very good potential.



Thanks doctorj, YT and Mick.

 

[stock nub]

Does anyone know when the brockman drill results are expected?

Are they definitely drilling it at the moment?


Thanks in advance.

 

[mobcat]

I think the results are due before Xmas and should see this baby explode with the likes of IRM, HLX,YML, FWL, etc etc beautiful work YT, MICK etc happy to be on board boys and will show more support to my all ready 500k when i free up some fold This baby,s a no Brainer under current market conditions......... the fullness of time will show nice profits just check the peers for any reasurance :dance:

 

[YOUNG_TRADER]

Hey Stock Nub,

I rang the company and they said that drilling started a week or 2 ago, there were some problems with the rig but those are sorted and that they expect full results by Christmas

But as I keep saying, you won't need to wait until Christmas as if the results are good insiders will buy this up like they did with TLM,

If your on the drill crew you'll know if a large portion of the drill core contains iron ore well before you see the assays, I'm guessing this is how they knew with TLM

 

[noirua]

Jupiter Mines are standing still, but so did the larger MGX for sometime, look at the price now and the chart.
We have to do our own research in what is a high risk stock and only invest what we consider gamble cash. Then there are no worries and concerns.

I suppose the high risk remains but interesting still on a purely gamble basis. A better bet than the lotto but hasn't yet quite broken out of its trend at 33 cents.

 

[Sean K]

I think the results are due before Xmas and should see this baby explode with the likes of IRM , HLX ,YML FWL, etc etc beautiful work YT ,MICK etc happy to be on board boys and will show more support to my all ready 500k when i free up some fold This baby,s a now Brainer under current market comditions......... the fullness of time will show nice profits just check the peers for any reasurance :dance:

I've bought some, but this is an overly optomistic view IMO. There is risk that the Brockman drilling will not return the widths and depths aimed for, and grades the rock chip samples provided. Nothing is a certainty until some hard facts start rolling in. At the moment, this is a risk/reward play and a judgement must be made on the likelihood of good results. Nothing is ever a certainty. Best of luck to holders, like me!

Calm down Mobcat!

 

[mobcat]

I like to dance Kennas you know that and IMO this ones got a nice potential as i said it,s relative to news the size of potential as allways but thats the speclative end of the market hey....... but even you must be excited by the way the market has reacted to JMS peers of late i cant belive some of the runs .....IRM comes to mind out of control no doubt day of Ann but nice to watch just a pity i sold the buggers at 18 in July of memory

 

[YOUNG_TRADER]

Looks like JMS is churning out sellers at 30c+

We've definately IMO broken above 28c, I think barring a mkt crash/correction it won't go below 28c,

In fact I think now that it has convincingly held above 28c it will make a push towards 40c,

If/when it breaks 40c is when I think the real gains will be made as it will be at all time highs (ie like MHL once it broke 4c it ran to 6.5c as it was a blue sky break)

 

[DB008]

l brought some today aswell.
Guess Iron Ore is the sweet spot at the moment.
Even if it is a spec stock, l'm going to hold onto these for a very long time. l'm thinking FMG in 5 years, would be worth the wait....