JMS - Jupiter Mines

[happytown]

There is only a month left in the year?

a week in politics, a month in the stockmarket

make that 24hrs in politics

Do you mean drilling results are due for announcement later as in this year or in 2008?

they have already begun drilling brockman and they announced it was only a 3000m program (albeit through some hopefully stupendously thick fe)

and new management who are looking to get on with the job

all going to plan i would expect an ann toward years end

[EDIT - as Young_trader says due by xmas]

cheers

PS the selling may help shake out possible weak holders which would assist in the next leg-up and provided they are absorbed should provide for a further strengthening of support levels - but yes, in the present

 

[eMark]

I called the company, they weren't prepared to comment, they won't say anything, my guess is maybe the Ex management that got the boot are dumping?

But then why wouldn't you wait for results? they're so close,

Sometimes nothing makes sense

That's a good point. You would think that ex-mngmt would have some idea as to what the results might be. I'm hoping not. Because if they do, then todays selling is not good. But then again , the buys are eating up the sells at 30c again. I'm just trying to determine whether to buy more at this price or not, based on my above comments.

 

[bliimp]

I called the company, they weren't prepared to comment, they won't say anything, my guess is maybe the Ex management that got the boot are dumping?

Regarding ex management, refer to article on August 16 below :-
http://www.smh.com.au/news/business...king-a-decision/2007/08/15/1186857593311.html

Where, quoting :-

In a notice of meeting last month, the pair pleaded with shareholders to let them remain on the board. But although Mr Snaith told investors he was "prepared to sacrifice [his] personal life" for the company, he sold $215,000 of shares ahead of the scheduled meeting.

Mr Evans did not sell any shares in the five weeks ahead of the meeting, but he did sell $904,500 of shares after he was convicted of sexual harassment and intoxication by an Abu Dhabi court in June. Mr Evans and Mr Snaith, the company's original promoters, still hold about 2.2 million shares each.

Jupiter shares closed 2 cents lower at 23.5 cents yesterday.

 

[coladuna]

Just looking at what happened with FDL, I'm still a believer and I topped up today. hopefully the last time we see it around 30 cent mark.

 

[YOUNG_TRADER]

Hey thanks Doc,

Also thought it was time for a chart,

So far JMS has traded 17m shares above 28c and thus imo has cleary broken out and just as 28c acted as very strong resistance in the past, it should now act as very strong support

This is just nuts, now we have traded 30m shares above 28c thats over 20% of the issued capital,

I am confident that 28c will be a very strong support level

but am mistified as to why 32c-34c has been acting as such a strong resistance level

 

[mick2006]

very interesting days trading in JMS it was all up early and then has been beaten up by a bit of selling pressure, still remains positive that buyers are still coming in to snap up shares at 28-29c level.

one thing is certain and that is iron ore is still very much in the front of investors minds, just look at the effect of an iron ore related announcement had on MDX shares.

don't be surprised if JMS announce a little something about Brockman early next week that will follow the completion of drilling which will wrap up early next week. Just outlining the location of Brockman and the fact the results will be due shortly etc etc.

 

[SevenFX]

but am mistified as to why 32c-34c has been acting as such a strong resistance level

Guessing this picture tells the story where resistance holds, though wouldn't say it was strong.

SevenFX

 

[mick2006]

hi tekmann do you see the uptrend in JMS continuing based on what you are seeing on the charts?

we know the fundamentals still are very attractive how about the charts?

cheers

mick

 

[SevenFX]

Sure not a lot of resistance there, and volumes seemed to have recently pick up (is that you buying n selling), though the maket & sector conditions may have the final influence on where she goes...

Don't have a stake in this, nor have I been following it, but guessing your holding a substantial parcel...????

SevenFX

 

[YOUNG_TRADER]

Ann out JMS farming out working interests in their NT Uranium projects to NuPower,

JMS will be carried through $5m of exploration and still retain a 40% stake not bad,

This shows me 2 things

1. The new management are clearly active

2. Per the companies own words "Jupiter will continue to focus on its prospective Iron Ore, Nickel, Base metal and Gold assets."

See the ann

 

[mick2006]

Sure not a lot of resistance there, and volumes seemed to have recently pick up (is that you buying n selling), though the maket & sector conditions may have the final influence on where she goes...

Don't have a stake in this, nor have I been following it, but guessing your holding a substantial parcel...????

SevenFX

hey tekmann yeah I have a nice parcel of JMS will be holding tightly leading up to the Brockman results, not me responsible for the large volume today, haven't bought/sold for a couple of days.

traded 18 million in and out FDL(total volume 36 mil) yesterday didn't touch it today
lightened up a little in EXM after a decent run today
also took some off the table in MDX
have been building a stake in REY over the last 2.5 months for those who have an interest in the coal sector it replaced CME in my rotation after CME dissapointed in regards the South African coal project.


As YT pointed out very positive JMS is divesting non core projects so they can concentrate on the important stuff iron ore,gold,nickel

I am hoping that JMS release news about the current Brockman drilling campaign some time next week as I feel the broader market still has no idea about the potential/location.

 

[mick2006]

the one thing that dissapointed me about JMS over the last fortnight is the company's failure to highlight the fact they are currently drilling at Brockman and also its location compared to RIO/FMG/FDL tennements, all they did was mention it on AGM day last week.

from what the company is saying the drilling program should be complete mid next week with assays due around Christmas time.

we all know just by looking at companies such as FDL/IRM/MDX etc etc the market loves iron ore news, you would think the company would want to promote itself.

maybe YT and Myself should apply to be JMS's PR Team what do you think YT?

well its late on friday afternoon it must be time for an ice cold scotch to celebrate a quite amazing week.

 

[dogwithflees1983]

Maybe they are keeping low profile so they dont attract day traders which have the potential to destroy a stock..

 

[Sean K]

In regard to the 'resistance' I thought we may be being a bit overambitious with how high and fast we want this stock to run. It has gone from 23 low to 29 in a month. +24%. Not a bad return. Need to keep some perspective as not expect every fe junior to go up 900% each day of the week, even if they have more 'targetted' fe.

(I'd be happy with that of course )

 

[Gekko]

In regard to the 'resistance' I thought we may be being a bit overambitious with how high and fast we want this stock to run. It has gone from 23 low to 29 in a month. +24%. Not a bad return. Need to keep some perspective as not expect every fe junior to go up 900% each day of the week, even if they have more 'targetted' fe.

(I'd be happy with that of course )

My friday watchlist shows a lot of red, so i think its clear there were a few sellers that didnt want to hold going into the weekend and friday night trading in the US. US markets are due for a bounce - are down 8%+ for Nov - and when they do, im sure lots of cash will filter in and drive prices higer. The research done by YT showing the proximity of Brockman to FMG/FDL is excellent, so im sure value will very soon be realised. Hold em tight and accumulate weakness

 

[nothing]

With the announcement out Friday about uranium interests and Labor being elected in tonight will the announcement now hold any actual weight and help move the SP up?

 

[w.m.buch@bigpond]

If the market assigns a value of 45m to FDL on a target of approx 360mt, Brockman alone should have a value of $75m or share value of 53c. If this is anywhere near realistic would Talbot or others not be buying in when value of whole company is 42m. Concerns me a little.

 

[eMark]

If the market assigns a value of 45m to FDL on a target of approx 360mt, Brockman alone should have a value of $75m or share value of 53c. If this is anywhere near realistic would Talbot or others not be buying in when value of whole company is 42m. Concerns me a little.

According to Young Traders point a couple of days ago, it appears Talbot are holding tight.

Young Trader said...

The intial work at Brockman was so impressive that Talbot bought 11m shares at a 100% premium to the last few days price, to me thats a very bullish sign as this guys an old school miner and he's filthy rich so I'd assume he'd have good advisors, HE HAS NOT SOLD A SINGLE SHARE SINCE BUYING, so my guess is like us he's eagerly awaiting drilling results

But as to whether they have added any further shares to their portfolio in recent cheaper times, I don't know.

 

[w.m.buch@bigpond]

It is good that Talbots holding, but if it there is the chance of it being at the top end of the target I would have expected Talbot to be out buying now, particularly if the core samples are showing positive signs of Fe

 

[Gekko]

It is good that Talbots holding, but if it there is the chance of it being at the top end of the target I would have expected Talbot to be out buying now, particularly if the core samples are showing positive signs of Fe

I think you will find the drilling is wrapping up now (ie, this week) so its prob too early for the buying you are alluding to to have already began. The next 2 weeks will be interesting.