JMS - Jupiter Mines

[w.m.buch@bigpond]

Of course theres a reason they sold but it could simply be for another deal, tax, interest payments etc etc. They have a fund of $250m and will use it to thier best advantage.
As has already been said Talbot probably couldnt agree or get on with existing management and is better not there. I do agree timing is very strange but i bet we have all made badly timed decisions. I will hold on the hope of a min of 50mt from Brockie

 

[shinobi346]

I'm in this one for the long-medium term and if it falls any further into the sub 20s I may think about extending my position.

Like the saying goes 'theres many reasons to sell' so I'm not too concerned about Talbot selling down their shares except for what it's done to the share price. Under YTs valuation which I find quite reasonable, the shares are worth 30c even without considering the geo results expected soon. so even if they are bad we still have the old ones.

 

[YOUNG_TRADER]

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.

I agree with this,

There's no way Talbot would risk this, no way, especially after the **** he got himself into with Qld Crime commission

But makes you think if the Chinese were the investors

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.""

How many shares do these CHinese have to represent a "powerbase" Talbot had 12m how many do they have?

They'd have to have more than Talbot to out vote him,

There maybe something brewing here,

Something CHinese, but I have no idea sow ill just wait and see

 

[w.m.buch@bigpond]

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.

Dont quite get what your saying ,I didnt infer anything, I do worry that there isnt a huge amount of Fe there but said that talbot would be wiser than risk insider trading

 

[shinobi346]

Another possibilty is that Talbot Holdings saw a good buy opportunity in another company.. one which had the potential for greater profits than what the best JMS geo results could deliver...

I've been trying to research recent buys by the group and its people but many of my tools are out for the night. I can only see Dennis Wood increasing his holding in MTN which he was recently made Chief Executive of.

 

[bigt]

JMS holders, severely jacked off with yesterdays panic selling, are just shutting up shop...NOOOOOOOO BINGO!!!: I'm holding for the drill results, and if someone wants my parcel they can fork up more than I paid for them.

 

[coladuna]

well, the volume is very low so far and it looks like panic selling has stopped for the time being. (thank god!)

 

[kpas]

I bought more yesterday and will consider buying more today if they become available.

For the moment I have kept some cash aside in reserve to pick up any bargains that appear from the US-dropping.

Less then 4 weeks to Christmas !

 

[tech/a]

well, the volume is very low so far and it looks like panic selling has stopped for the time being. (thank god!)

How do you identify panic selling over normal selling over selling to take profits? How do you determine selling has stopped? When its started again.
When buying is present? Can you have buying on a down day? Can you have selling on an up day?

 

[Sean K]

How do you identify panic selling over normal selling over selling to take profits? How do you determine selling has stopped? When its started again.
When buying is present? Can you have buying on a down day? Can you have selling on an up day?

Panic selling is chasing a stock down without waiting for the market to settle, and panic buying is chasing a stock up. I watched the panic selling yesterday with JMS. The taxi drivers didn't know what to do and just started unloading. No one had an opprtunity to even place buy orders up, they were just taken out. You probably needed to be watching it to identify it.

 

[Bull121]

Yeh I'm a bit pissed off I bought in at 31c when I could have now..

However, nothing in the fundamentals has changed and I still have great confidence in the company.

buy one day, Talbot comes along the next and pushes the share price down 20%, what can you do.

Time to put this one in the bottom draw for a while.

 

[kpas]

I am very confident in JMS so I bought more today.

Just gotta be patient and wait for the news now.

 

[eMark]

I am very confident in JMS so I bought more today.

Just gotta be patient and wait for the news now.

Yes. I'm buying smaller packets at these prices. But it appears that as soon as a 100,000 packet is bought at around 0.245, another is up for offer (an exact round 100,000 packet). Someone's continuing to offload, but at a slower rate (clean and methodical).

 

[kpas]

Yes. I'm buying smaller packets at these prices. But it appears that as soon as a 100,000 packet is bought at around 0.245, another is up for offer (an exact round 100,000 packet). Someone's continuing to offload, but at a slower rate (clean and methodical).

That's fine with me as I see upside in the current price and hence happy to buy on the speculation that Brockman will provide at least 50Mt and additional upside to the already undervalued share price.

Willing to wait for JMS considering what IRM and FDL have done lately. IF IF IF on the off chance they pull 100 or more at decent grades the share price is really going to rocket.

 

[YOUNG_TRADER]

How many shares do these CHinese have to represent a "powerbase" Talbot had 12m how many do they have?

They'd have to have more than Talbot to out vote him,

There maybe something brewing here,

Something Chinese, but I have no idea sow ill just wait and see

I have gathered my thoughts a bit more and pieced to gether some of the puzzle,

So a group of Chinese investors flex their muscles, so they had to have been buying to get as many shares as they could, which explains SP running from 22c to over 30c pre AGM,

Ok but then I'm also curious how many shares do these guys have to overpower the board? I'm guessing lots,

Then it also makes sense why 2 Chinese directors get appointed straight away

The dust is slowly settling and I'm watching with interest

 

[mick2006]

interesting thought there YT, if indeed it is a group of Chinese investors stirring the pot at JMS they obviously see some potential in the Iron Ore tennements.

will be interesting to see what happens to the shareprice once Talbot is completely out, maybe then we will see the shareprice begin its upward climb again.

 

[eMark]

interesting thought there YT, if indeed it is a group of Chinese investors stirring the pot at JMS they obviously see some potential in the Iron Ore tennements.

will be interesting to see what happens to the shareprice once Talbot is completely out, maybe then we will see the shareprice begin its upward climb again.

What makes you think Talbot will completely vacate JMS? Just asking the question. How many shares have they sold, and how many do they still hold? Obviously they have ceased to be a substantial holder, but to what degree?

 

[kransky]

What makes you think Talbot will completely vacate JMS? Just asking the question. How many shares have they sold, and how many do they still hold? Obviously they have ceased to be a substantial holder, but to what degree?

i believe the previous "ceasing to be substantial holder" announcement (yesterday) said he offloaded about 4 million and has about 6.7M left.

 

[jtb]

i believe the previous "ceasing to be substantial holder" announcement (yesterday) said he offloaded about 4 million and has about 6.7M left.

YTs figure of 12 mil made me go back and look as I must have missed a sub' holder ann for 5 Mil

Found it in the last annual..........

 

[kpas]

It's settled at 24.5c and on absolutely sweet FA volume today.

Amazing what difference the major holder has to people's confidence.