JMS - Jupiter Mines

[YOUNG_TRADER]

Those that were at the AGM will tell you the force was never talbot but rather chinese investors and hence the new appointments. Perhaps talbot is not happy with the management changes rather than anything to with Brockman. Perhaps he was hoping to put his own people in but didn't have the numbers the chinese interests had.

How long have you known this spotty?

I was told by my Perth boys it was Talbot and hence have bought aggressively and recommended it on this basis

It would have been nice for you to divulge this info earlier if you could have

I am not a happy camper, I reckon I bought a few Mill of Talbots sells

We should call the company to find out what the **** is going on

 

[coladuna]

Where to from here?
Any upside potential still left pending the drilling result or has this ruined any chance of recovery of JMS?

 

[juw177]

Now that it is at long term support it will at least stop the downward slide for the time being. I dont know whether I should panic sell or not. Damn, and the ASX is up 140 points too and here we have JMS and MHL. The signals were there though, I was just stupid to ignore them.

 

[kpas]

Where to from here?
Any upside potential still left pending the drilling result or has this ruined any chance of recovery of JMS?

Have you read the thread yet?

The company's current project & cash on hand puts them at 35-40c.

At their current market cap, they are severely undervalued.

Put them in your bottom drawer and wait for better news.

 

[spottygoose]

How long have you known this spotty?

I was told by my Perth boys it was Talbot and hence have bought aggressively and recommended it on this basis

It would have been nice for you to divulge this info earlier if you could have

I am not a happy camper, I reckon I bought a few Mill of Talbots sells

We should call the company to find out what the **** is going on

I was aware it was brewing but was unaware if it would be a success. I wasn't being secretive in fact I know I posted somewhere about it but I got lost in the wash of everyone assuming Talbot was behind it. As for post AGM, I was just glad to see the changing of the guard and the new appointments. I think your issue should be with your broker, I mention it now to highlight that Talbot's selling down may be related to these issues.

Having said that YT, I can't be sure he wasn't voting with the chinese investors so your broker may still be partially correct.

 

[stormbringer]

Hmm, wonder if it has anything to do with the out going chairman's statement from 14/11/2007, which reads in part

"" I do have some concerns as to the shareholding mix going forward; and I question the
power base that they represent and their future influence on the direction and activities of the
Company. Their purpose is as yet unknown but this new Board will not only be responsible for the
Company’s strategy on behalf of all shareholders, but maintaining the level of corporate governance
established by the current board which has been a hallmark of our performance.""

I would imagine if there were extremely bad drilling results expected from brockman, that JMS would have entered into a tradeing halt, just my opinion though. Here's hopeing the above explains the selloff.

 

[rico01]

I wish i had been alittle quicker too act but loaded up with more at 24c [missed them at 22] to give me an average of 28c .I,m comfortable with that and will sit on them untill we get more good news

 

[jackson8]

correct me if i am wrong but after doing some maths both talbot and wood sold out for around 30c to 32c per share
wood is now totaly out and talbot retains 6.7ml
i dont know what price they bought into would be intersted to know myself
i may have missed something but ann. does not say whether onmarket sales or not
ceasing to be substantial holding notices are normally followed by becomeing substantial holder notice
could be interesting to see who have picked them up

 

[coolcricket]

Well, it seems I got involved a mere few hours early , haha (nervous laugh), here's hoping for some good news in the coming weeks.

 

[kevinecom]

We've all bought shares dumped by Talbot at premium price. What's the f&^^ck, if the Brockman drill result isn't good then we know it's inside trading.

 

[jtb]

I was told by my Perth boys it was Talbot and hence have bought aggressively.......

We should call the company to find out what the **** is going on

Afternoon gents,

Looks like the whole gang is here.

Can't agree with you more YT

By my figuring Ken is down to about 1.5 million FPO's, timing is strange to say the least?

Caught my eye on the descending triangle break some time ago, and Shay Gap interests me more than anything.

Pop through 32c was about a week early by my reckoning.

Bargain sub 25c imo

Pulling 100 hr weeks atm so will chat later

J

 

[gfresh]

I find it funny how people have dumped purely because of Talbot! I can see no other explanation.

I wouldn't regard him as any genius investor or anything. Never forget the investigation with queensland corruption watchdog over secret payments to the former Health Minister! Please google this if you want some background.

Also, his actions with SDL may be considered... interesting.. by many.

He also bought into INP right at the peak of interest, which really hasn't gone anywhere since either, and looks like may only be able to sustain a relatively low production rate.

 

[eMark]

I find it funny how people have dumped purely because of Talbot! I can see no other explanation.

I wouldn't regard him as any genius investor or anything. Never forget the investigation with queensland corruption watchdog over Macarthur Coal! Please google this if you want some background.

Also, his actions with SDL may be considered... interesting.. by many.

He also bought into INP right at the peak of interest, which really hasn't gone anywhere since either, and looks like may only be able to sustain a relatively low production rate.

This makes some sense. Talbot appears to be the only reason JMS has been dumped by panic sellers. If Brockmans results are good, then today will be just a blip.

But then why would Talbot dump? Does he know something? Or is he just redistributing his interests? He's not completely out, still holds a healthy parcel. It's just very confusing.

Someone was right in saying in a previous post, that you could see this coming........Lots of selling pressure at 32-34...but then that has been JMS hasn't it? Sell down as soon as it goes up. I just ignored it. Obviously the selling had already begun, it just became an avalanche after Talbots announcement.

 

[mick2006]

its funny how when you think back on things you should have known better, on the weekend I was thinking why the JMS shareprice couldn't break through the 34c barrier. Where was all the selling volume coming from, and I thought maybe one of the substantial holders were getting out, and I actually brought up the subject with YT earlier today and we both couldn't believe Talbot would be offloading close to Brockman results.

Well now we know Talbot is on the way out we may have to endure another 6million shares being dumped, what is interesting there was alot of buying interest at the end of the day so someone is happy to grab the shares at these levels. Perhaps we will see a change of substantial holder notice indicated a new force on the share register.

It is important to focus on what the company has and that is exciting exploration projects across a range of commodities hopefully Talbots exit sparks a new era for JMS.

And just a note for JMS management have a good read of the ASX release by POL this afternoon that is how a professional company responds at a time of surging iron ore interest.

You can't help but think if JMS released a similar type announcement highlighting the drilling at Brockman the shareprice would be closer to 40c than 20c.

Well now I have had my vent I can enjoy the spoils won in FDL,EXM,REY,IIG,PRE and hope for a rebound in JMS.

 

[tech/a]

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.

Well Mick post#1022 said it all.
We techies should work closer with you Fundies!!!
Timing in these smalls is everything both in and out!
No point in holding---if it was your breath you'd all be dead!!

 

[kransky]

i am happy to buy from the sheep, got some at 23c today...

i always get my best results when i am patient and more relaxed.. we have drilling results to wait on and they are targeting over 100Mt of DSO Fe... with a market cap of 34M...

plenty of potential!

 

[w.m.buch@bigpond]

Talbot Gp has been resistance at 30c+ . Min of 5m shares sold by them soaked up by market (well..... us !!!) Only 2 problems that I can see now
1. No Fe in cores (that would be bad)
2. Lost confidence of market (well thats us)
Looks oversold on panic selling. Talbot must have had very little to do with mangement of company so no great loss. If they sold on knowledge of drilling they would be in deep Sh** and surely they are wise enough not to do that.

 

[Georgeb]

There must be a reason they sold. I hold but I am worried that this will free fall into the teens. I am starting to lose confidence that the results are not as good as may have been expected and they have sold out.

 

[YOUNG_TRADER]

And just a note for JMS management have a good read of the ASX release by POL this afternoon that is how a professional company responds at a time of surging iron ore interest.

You can't help but think if JMS released a similar type announcement highlighting the drilling at Brockman the shareprice would be closer to 40c than 20c.

Mate I couldn't ****ing agree more, what a joke,

Being an ASX listed company requires communication and promotion, not to just sit back and say hey drill results will speak for themselves etc

I am happy holding this one for the potential, but don't like having the rug pulled out from under my feet, which is kinda what happened here with the Talbot/Chinese shuffle

 

[Gekko]

Talbot Gp has been resistance at 30c+ . Min of 5m shares sold by them soaked up by market (well..... us !!!) Only 2 problems that I can see now
1. No Fe in cores (that would be bad)
2. Lost confidence of market (well thats us)
Looks oversold on panic selling. Talbot must have had very little to do with mangement of company so no great loss. If they sold on knowledge of drilling they would be in deep Sh** and surely they are wise enough not to do that.

Lots of rubbish going around tonight.

For it to be inferred that Talbot sold because the drilling came up dry ("no Fe in cores") is insane. That would be whats called...insider trading...

I dont think Talbot would risk his reputation, license and whatever else, for what would only be considered, a subsidiary play for him.

Persepective gents...Perspective....

IMO, only Talbot, the board, and the Chinese (assuming spotty is spot-on) know whats going on at the moment.

Perspective and Patience... and woops, REALITY...