JMS - Jupiter Mines

[kgee]

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

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

Whats amazing is a major shareholder is selling b4 a major announcement.
While no one knows the reason except the Talbot group it doesn't make sense to us on the sidelines. Hence it becomes a gamble of risk vs reward, I'm happy to watch from the sidelines and miss out on any potential rewards because to me there are just too many question marks surrounding this one.
Good luck to all holders

 

[Bull121]

Just a quote from a poster on HC about Talbot. Don't know how much substance it holds maybe someone else can shed some light?

"Talbot has already tried and failed at hooking up directly with JMS in the past.

Not long after Talbot bought into JMS about a year ago he put one of his underlings on the JMS payroll. The underling lasted all of two minutes and subsequently resigned. It was a debalcle! A total failure. Talbot has already tried to cozy up to JMS and it was a disaster. Why would he waste his time with a company he cannot work with?
He would be a fool to try when he no doubt considers there are much greener pastures elsewhere and people he can actually work with."

Who is this underling? Could Talbot be selling due to conflicts of personality or character?

 

[spottygoose]

Just a quote from a poster on HC about Talbot. Don't know how much substance it holds maybe someone else can shed some light?

"Talbot has already tried and failed at hooking up directly with JMS in the past.

Not long after Talbot bought into JMS about a year ago he put one of his underlings on the JMS payroll. The underling lasted all of two minutes and subsequently resigned. It was a debalcle! A total failure. Talbot has already tried to cozy up to JMS and it was a disaster. Why would he waste his time with a company he cannot work with?
He would be a fool to try when he no doubt considers there are much greener pastures elsewhere and people he can actually work with."

Who is this underling? Could Talbot be selling due to conflicts of personality or character?

This post refers to the past and the problem that Talbot's man had was with Snaith and Evans (B1 and B2). It appears Talbot's man Woods (I think it was) didn't see eye to eye with them and resigned. When B1 and B2 were shafted, Woods alluded to the fact that the reasons he resigned "were no longer there".

Perhaps there is some current relevance there in that maybe the new JMS board wanted to choose their own people rather than have Talbot put in one of his own again. So while Woods did have problems with B1 and B2 maybe there were others there that also weren't happy with him. It is certainly one theory for Talbot and Wood's selling.

 

[kpas]

Everything gone quiet here I see :/

Has anyone called the company lately to enquire about drill results being on mark prior to christmas?

There is a post on HC stating otherwise due to labs being backed up (I was looking for a more credible source here) - and yes I would ring them myself except that it is 3:34am

 

[Bull121]

I emailed the company regarding this. Asking if we could expect the drilling results prior to the new year.

That was sent off Thursday morning, still no reply. Will let you know when i get one.

Personally I wouldn't take any of the crap posted on HC to seriously.

 

[Rocket man]

I emailed the company regarding this. Asking if we could expect the drilling results prior to the new year.

That was sent off Thursday morning, still no reply. Will let you know when i get one.

Personally I wouldn't take any of the crap posted on HC to seriously.

Hi everyone - my first time post
Thanks very much to all regular posters - very educational for the less experienced traders like me

Are JMS holders still expecting positive results here ? I unluckily bought in at 30c 10 or so days ago. If Talbot and his mate are insider trading it would be pretty hard to prove it I would have thought.

 

[DB008]

Hey rocketman,
I am pretty much in the same boat as you. Got in around .30-.31 and just seen the stock drop to .23-.24 (Because of l seller really)
But, l was reading on the asx announcements page how a few Chinese (ones an accountant though) have been shuffled onto the board latetly. Can only be a positive move for the long term.
I just keep telling myself that's just a spec stock.
If u do want some thing a little bit more stable, go for something in the ASX 50.

 

[kpas]

Very thin sell side at the moment, would not take a lot of volume to see it back to 30c and beyond.

Share Quote as at 1:52 PM Sydney Time, Monday, 3 December 2007
JUPITER MINES FPO

SELL
Price Quantity Number
0.240 210,000 3
0.245 319,162 7
0.250 205,000 4
0.255 140,000 3
0.260 284,000 6
0.265 10,000 1
0.270 6,700 1
0.280 77,760 4
0.285 106,000 2
0.290 327,000 4

 

[doctorj]

I agree that gains in JMS will be linked to gains in volume, but given the volume from the Talbot sale, I suspect speculators are largely set in advance of any Brockman drilling results. Barring something from left-field, volume is likely to be pretty light this side of the expected Brockman announcement.

 

[Rocket man]

Hey rocketman,
I am pretty much in the same boat as you. Got in around .30-.31 and just seen the stock drop to .23-.24 (Because of l seller really)
But, l was reading on the asx announcements page how a few Chinese (ones an accountant though) have been shuffled onto the board latetly. Can only be a positive move for the long term.
I just keep telling myself that's just a spec stock.
If u do want some thing a little bit more stable, go for something in the ASX 50.

hey Dannyboy .. hope your right and good luck on JMS

I cant bring myself to sell and realise the loss so will wait for the up coming announcement. As for the ASX 50 - for me right now its low value spec plays to cash up the christmas stocking. Will buy EXM tomorrow too I think...

 

[kransky]

With the back log at labs due to the resources boom I dont think there were results ready from the drilling campaign when Talbot sold.. these things take a while..

I expect Talbot just had a hissy fit and moved on to MTN.

I am staying in.

 

[Gekko]

Can we expect a change in subs'tial SH notice or a becoming subs'tial SH notice soon of anyone? Surely we must?

 

[yuyry002]

did anyone notice talbot took a share placement in riv lately.i was thinking maybe he was abit short of cash to take the placement, so he sold jms to buy riv.just maybe.felt abit better after i saw the announcement and decided to top up today.not sure what im doing

 

[Gekko]

did anyone notice talbot took a share placement in riv lately.i was thinking maybe he was abit short of cash to take the placement, so he sold jms to buy riv.just maybe.felt abit better after i saw the announcement and decided to top up today.not sure what im doing

Mate, the phrases, "billionaire" and "abit short of cash" dont gell very well. Billionaires dont get "short of cash". Thats what makes them Billionaires. By now i think we all know Talbot was forced out by someone else.

 

[Ashsaege]

So are we still looking confident with JMS? Im considering getting in today

DJI is down -65, and JMS is slowly going south at the moment.

 

[kpas]

Yes still confident.

I am holding waiting for results to come out, they can't be far away now - they were anticipated mid December, worst case if they are pushed out it's only until January.

 

[bliimp]

JMS has 140m shares +20m options,

So 160m all up but will get $4m cash from opies + $6m cash at bank

So I gave project value of $50m + $10m cash = $60m EV

With 160m shares = 37.5c

So JMS should arguably be at 37.5c

that means currently no value is priced in for Brockman or Shay Gap, or Talbot or the Chinese,

Thus on a peer comparison JMS seems cheap at these levels and if Brockman comes in, we will look back and think my god it was 30c????

The Talbot group remind me of the classic wheelers and dealers, who (nearly) always just keep within the law (as per their recent corporate behavior with other companies).

I personally find it hard to believe that Brockman has nothing to do with their entry and exit … I mean, if they had an inkling that Brockman was to produce outstanding results, these guys would salivate at the mouth and definately wait another month, and sell at a much, much higher price; and, perhaps do a deal with (say) HSBC or some Chinese or whoever… instead of just dumping onto the market as they did a week or two ago!

Just look at the ASX announcements regarding their entry into JMS :-

1. Talbot issues their “becoming a substantial shareholder” notice on 8 Dec 2006
2. JMS issues their “Brockman Iron Project – Exploration Update” on 13 Dec 2006

And now, just one year later, when Brockman results are due to come out, Talbot do a convenient, opportunistic runner! ... give me a break!

It may be that the Brockman drilling will be ok but not brilliant … that way they cannot be accused of insider trading … so out they go … and forward (or backward) they march … moving onto to their next play!

Anyway, good riddance …. B1 and B2 are gone … and now Talbot, the Rat-in-a-Hat ("I'm a rat, I'm a rat, I'm a very clever rat" … refer to Bananas in Pyjamas) is gone (or nearly gone) as well!

In any case , based on YT’s valuation of 37.5c ( irrespective of Brockman results), the current share price of 21.5c should appreciate at least another 75% (plus) to just reach fair value!

I suppose all I am doing is looking at a “worst case scenario” on the Brockman drilling results ... and to quote YT again, the 37.5c valuation does not factor in Shay Gap … or the Chinese… let’s definately forget about Talbot ... and maybe ... just maybe ... give Brockman at least a 50:50 chance of perhaps being extra-ordinary!

So really, JMS at 21.5 c is bargain basement buying!!!

 

[adamwu]

The Talbot group remind me of the classic wheelers and dealers, who (nearly) always just keep within the law (as per their recent corporate behavior with other companies).

I personally find it hard to believe that Brockman has nothing to do with their entry and exit … I mean, if they had an inkling that Brockman was to produce outstanding results, these guys would salivate at the mouth and definately wait another month, and sell at a much, much higher price; and, perhaps do a deal with (say) HSBC or some Chinese or whoever… instead of just dumping onto the market as they did a week or two ago!

Just look at the ASX announcements regarding their entry into JMS :-

1. Talbot issues their “becoming a substantial shareholder” notice on 8 Dec 2006
2. JMS issues their “Brockman Iron Project – Exploration Update” on 13 Dec 2006

And now, just one year later, when Brockman results are due to come out, Talbot do a convenient, opportunistic runner! ... give me a break!

It may be that the Brockman drilling will be ok but not brilliant … that way they cannot be accused of insider trading … so out they go … and forward (or backward) they march … moving onto to their next play!

Anyway, good riddance …. B1 and B2 are gone … and now Talbot, the Rat-in-a-Hat ("I'm a rat, I'm a rat, I'm a very clever rat" … refer to Bananas in Pyjamas) is gone (or nearly gone) as well!

In any case , based on YT’s valuation of 37.5c ( irrespective of Brockman results), the current share price of 21.5c should appreciate at least another 75% (plus) to just reach fair value!

I suppose all I am doing is looking at a “worst case scenario” on the Brockman drilling results ... and to quote YT again, the 37.5c valuation does not factor in Shay Gap … or the Chinese… let’s definately forget about Talbot ... and maybe ... just maybe ... give Brockman at least a 50:50 chance of perhaps being extra-ordinary!

So really, JMS at 21.5 c is bargain basement buying!!!

Fantastic post, clear, fair and square, objective, totally agree with you. Hope the report out asap. cos imo that is the only way to stop the suspicion.

 

[jtb]

With the back log at labs due to the resources boom I dont think there were results ready from the drilling campaign when Talbot sold.. these things take a while..

I expect Talbot just had a hissy fit and moved on......

Been busy lately so I'm a bit behind the 8ball here, but thats certainly how it appeared from looking at the trades.
Just from eyeballing the maps that were posted you would think they'd have to try pretty hard not to hit anything?
Wouldn't think there was much cover over the ridge base, particularly as it appears to be a run off region.

You would think Talbot a fool to throw that kind of money soley at Brockman and to wait this long to bail.Surely a lot more to his initial fervour than that

As mentioned previously Shay Gap has caught my interest (since YT's heads up) and agree its definitely a buy/hold at these levels.
Seems to be in a channel atm and will be interested to see if the MACD is going to turn down shortly

 

[gfresh]

Here is a bit of a rough chart.. as you can see, at about the 22c level just bouncing off the bottom of what may be a broad channel for much of the year. On a purely T/A point of view, this could be a possible buy signal, which may help push up the price on this alone over the next few days by T/A traders.

Shall see