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JMS - Jupiter Mines

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Hey guys, nice charts,

Yeah 22c seems dirt cheap especially if you were buying big at 30c+ (Thanks Mr Talbot :banghead: )

I would be very surpised if it fell further, I mean the stock was trading at these levels well before Brockman drilling

I hope JMS brings me a nice Chirstmas present because so far I've only found coal in my JMS stocking :(
 
Rumours (or opinion, not sure) on another forum (HC) that Brockman results will be out sometime mid-jan, here is the post, not sure of his/her connection???

"He couldn't give exact date for obvious reasons but was clear that after speaking with the labs the backlog was huge. Add the Christmas break for the lab staff... my estimate is mid-jan. "
 
I think a delay in results at this stage is probably not a bad thing. Time for the market to compose itself over the next month and hopefully time for the hype/expectation to build up again. Talbot selling should be a fading memory by mid Jan with a bit of luck.
 
This one is going to take a little patience...

I suspect she will start rising mid to late december as the results near... its not that far off now i guess..
 
Well, I like most were a bit shocked by the Talbot sell and that announcement destroyed any general technical S&R. I really thought that break at the green circle was a massive change in sentiment....:eek:

However, seems to be clear support around here and should stabilise.

On the way back up, resistance shown.
 

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Very little depth on the sell side to meet the buyers - up 1.5c this morning on no news and light volume. Currently, only around a million shares are sitting on the sell side between here and 30c.
 
coolcricket said:
I think he may have been refering to his contact's communication with the lab. Anyhow, JMS is up 1.5 cents today, finally a hint of positive movement.
Click to expand...

I wouldn't go so far as to say its positive. Very light volume only totalling around $70k at this point...
 
I don't mind seeing appreciation on light volume - suggests there isn't much supply left around at these prices for the time being.
 
doctorj said:
I don't mind seeing appreciation on light volume - suggests there isn't much supply left around at these prices for the time being.
Click to expand...
I agree, ran out of sellers. I think the bottom was seen as per the chart earlier. Still has all the negativity of B1&2 and Talbot cashing in to deal with short term, but it seems clear there is some tremendous potential here even without Brockman...:2twocents.
 
Director sold down $5200 worth of shares.

I think this is weird considering how many they are holding.

$5k would hardly put a dent in it - doesn't really make sense does it?
 
Directors need money from time to time just like everyone else I guess. I wouldn't read too much into it unless the sell downs at that size become regular.
 
There was an article in yesterday's courier mail about what Talbot has been up to. Unfortunately it doesn't sound like he's short of cash which could have explained why he sold out.

His legal fees against corruption charges are approaching 1mill but that would be a drop in the ocean for him.
 
I suspect the killer Chinese bid for Midwest would have helped things along a fair bit yesterday.

With BHP gunning for RIO and the Chinese knowing that the only way they could make it more likely to happen is to submit a bid themselves (which would never be approved by the FIRB but would force RIO's hand to go to BHP), I suspect there are probably more deals for WA iron ore companies in the wings with the Chinese looking to sure up supply.
 
shinobi346 said:
There was an article in yesterday's courier mail about what Talbot has been up to. Unfortunately it doesn't sound like he's short of cash which could have explained why he sold out.

His legal fees against corruption charges are approaching 1mill but that would be a drop in the ocean for him.
Click to expand...

http://www.news.com.au/story/0,23599,22894196-2,00.html

For god knows why, apparantly he has been giving money to Wayne Bennett as well.

???
 
it certainly looks like JMS is much better off without Talbot's dodgy stigma hanging around the company, also it looks like the sentiment for JMS is starting to turn we my have seen the company shareprice bottom, and any positive Iron Ore exploration news may see it start to head higher again.
 
Yeh, I agree

Sentiment is changing, theres not many sellers so hopefully tomorrow will be interesting. Even with small volume we may see a nice appreciation.

:2twocents
 
The chinese don't like to associate with anybody of wrong doing they frown upon that deeply in business and life. Additionally, they may view it as attracting negative feng shui to the company. Perhaps Talbot's stigma was just not appreciated.
 

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