JMS - Jupiter Mines

[YOUNG_TRADER]

Todays performance by JMS, (ie pump/dump - buy rumour/sell the fact)
has now convinced me that in these markets only penny dreadful stocks will run

Who else here is sitting and scratching their head as stock like GDA gap up, yes gap up 25% on news that 85m shortfall shares will be placed at 1c (vs current prices of 5c+) along with free 1:2 options

It just makes no sense at all, yet all the specs are running FDL, GNL, GDA, ORO, RSL even BMO ticked up again today, I mean what is going on?

 

[prawn_86]

Im with you YT, fundamentals mean **** all these days.

Im thinking of heading over to HC and just buying whatever their latest 'hot stock' is, gaining 10 - 20% selling and then waiting for it to happen all over again with a different stock!

Cant beat them, join them...

 

[shaunm]

I share your frustration guys. I am hopping from stock to stock and seeing only the minnows running, and these guys really have very little to sing about.
It is really screwing with my psychology. I'm fraying at the seems and losing money on stocks that actually have positive announcements not just hype.
If my losses were a little less substantial I would pull up stumps and go home.

I sold my holding in JMS out of frustration. They just seem to be lacking in the "keeping investors in the loop" department.
I'll probably revisit in the lead up to the next drilling reports.

 

[Red Fatboy]

I bought into JMS on the recommendation of a geo. friend 6 months ago. He has been right before so I'm hanging in there. We will know soon enough if its been worthwhile. Good luck to all holding.

 

[kransky]

There will be a lot of resistance in this stock as all the people who bough at +30c look to get out quickly with as little a loss as possible when it nears 30c again...

This will continue till they release some nice drilling results and the impatient finally get their opportunity to get out...

results are due any day now right?

 

[MACH]

Im patient, and very optimistic with jms. I think it has BIG potential to sore later on, mainly due to its Brockman and Shay gap iron ore projects. So im holding on.
Anyone have the info that shows iron ore potential of 650 mt at brockman? I cant find it.
Thanks.

 

[Sean K]

Im patient, and very optimistic with jms. I think it has BIG potential to sore later on, mainly due to its Brockman and Shay gap iron ore projects. So im holding on.
Anyone have the info that shows iron ore potential of 650 mt at brockman? I cant find it.
Thanks.

MACH, you need to just go back a few pages to find it. Interesting you are so optomistic without having seen the actual information on Brockman first hand yet. Perhaps you should go to JMS's last year or so of ann's to check it out. You'll find the Brockman stuff around 13 Dec 06 by memory. Cheers, kennas

 

[MACH]

Thanks Kennas.
Yeah ive read most of jms brockman info. I thought it was mostly positve. Now your scaring me. Turning me to negative thoughts, lol.

 

[stormbringer]

Thanks Kennas.
Yeah ive read most of jms brockman info. I thought it was mostly positve. Now your scaring me. Turning me to negative thoughts, lol.

Hey mach, gotta be honest with you, I had never seen a 600mt+ figure until YT posted useing a map he altered from an FDL ann

http://sa.iguana2.com/cache/75a96bcf6b1c95e039f676856ce02575/ASX-FDL-163063.pdf

My earlier post explains where I'm at with this stock, just waiting patiently. On a personal level, we should all be sending these guy's an email regarding their reporting of activities, or should I say lack of it. Here's the bear in me, when companies don't report on a particular activity, it's usually not a good thing, which has me a little worried I guess. They would know whether they were drilling fe or just plain old dirt, so why not keep the market updated, as in "we have commenced drill" "visual confirmation" "drilling complete" "results expected" etc etc etc. Yesterday would have been perfect, to add something about brockman, and when the results are due would have been awesome, but no, nothing, I was very disappointed and suspicious that it didn't get a mention.
I don't want to lose any paper cash, so here's hoping I'm completely wrong. As allways, I'm in it for the long haul, whether it's good or bad news, JMS is a long term hold for me.

 

[UPKA]

Hey mach, gotta be honest with you, I had never seen a 600mt+ figure until YT posted useing a map he altered from an FDL ann

http://sa.iguana2.com/cache/75a96bcf6b1c95e039f676856ce02575/ASX-FDL-163063.pdf

My earlier post explains where I'm at with this stock, just waiting patiently. On a personal level, we should all be sending these guy's an email regarding their reporting of activities, or should I say lack of it. Here's the bear in me, when companies don't report on a particular activity, it's usually not a good thing, which has me a little worried I guess. They would know whether they were drilling fe or just plain old dirt, so why not keep the market updated, as in "we have commenced drill" "visual confirmation" "drilling complete" "results expected" etc etc etc. Yesterday would have been perfect, to add something about brockman, and when the results are due would have been awesome, but no, nothing, I was very disappointed and suspicious that it didn't get a mention.
I don't want to lose any paper cash, so here's hoping I'm completely wrong. As allways, I'm in it for the long haul, whether it's good or bad news, JMS is a long term hold for me.

Some directors are open to questions and like to keep the market informed about things big or small, e.g. FNT, many useless and repetitive information are put out to the market, with the purpose of ramping up the share price. and I guess JMS isnt one of them, and it doesnt mean we should be worried, just a different management style.

 

[stormbringer]

Some directors are open to questions and like to keep the market informed about things big or small, e.g. FNT, many useless and repetitive information are put out to the market, with the purpose of ramping up the share price. and I guess JMS isnt one of them, and it doesnt mean we should be worried, just a different management style.

I don't consider keeping the market informed of current drilling activities as "useless and repetitive information". I understand what your saying, but it's always in the back of my mind, when companies avoid or do not mention a particular project, that there's the possibility the results are not going to be welcomed by the market.
Brockman has been a focal point for alot of JMS investors, if it turns out to be a dud, jeez, hope we all have our stops in.
But I'll repeat myself again, I'm remaining positive, it's just a view that is lingering in the back of my mind. I'm definitely no big bad bear, ok : )

 

[MACH]

You guys make me depressed, lol.
Only time will tell.
What stormbringer said does make sense ONLY cause its happened to me before a while ago, on a different stock.
Does JMS answer emails?

 

[stormbringer]

I sent them an email, but was not looking for a response. I had some luck months ago just picking up the phone and chating with them, no such luck with my last attempt, roughly 2 weeks ago.

 

[jtb]

There will be a lot of resistance in this stock as all the people who bough at +30c look to get out quickly with as little a loss as possible when it nears 30c again...

This will continue till they release some nice drilling results and the impatient finally get their opportunity to get out...

results are due any day now right?

Wow didn't realise it ran to 29c yesterday (bloody work)

Yeah I agree Kransky, I mentioned some time ago that resistance above 25c would likely be heavy and it was obviously smacked yesterday.
As Doc alluded to it will be interesting to see if our Qld friend was behind the volume or just punters

MACD looks ready to head either way but trend is still intact so personally I'm confident atm

cheers

 

[MACH]

Ok.
I was just going through JMS announcements. Shay Gap also looks promising.
40km² of potential, if i read right. Although, not much info apart from that.

 

[YOUNG_TRADER]

Todays performance by JMS, (ie pump/dump - buy rumour/sell the fact)
has now convinced me that in these markets only penny dreadful stocks will run

Who else here is sitting and scratching their head as stock like GDA gap up, yes gap up 25% on news that 85m shortfall shares will be placed at 1c (vs current prices of 5c+) along with free 1:2 options

It just makes no sense at all, yet all the specs are running FDL, GNL, GDA, ORO, RSL even BMO ticked up again today, I mean what is going on?

lol was just reading another forum (HC) and saw that they reckon JMS needs a 10 -1 share split so that the price is 2c and there's 1Billion shares on issue, that way it will run like the other spec stocks, as ridiculous as this sounds (as most companies strive to consolidate their share capital) I actually think were it true JMS would have run to 6c (60c) on the news of the assays,

What funny times we are in at the moment

 

[doctorj]

I've had more time to think about their announcement the other day and think the market's treated it quite rationally.

Good rock chip samples certainly aren't a negaative, but are they positive at all? It's not hard just to take samples where ever you see outcropping.

 

[prawn_86]

I've had more time to think about their announcement the other day and think the market's treated it quite rationally.

Good rock chip samples certainly aren't a negaative, but are they positive at all? It's not hard just to take samples where ever you see outcropping.

I agree Doc,

However I think YT's bemusement is the fact of how other virtually identical announcements from other co's have been treated. IE - IRM running 300% on rock chip samples.

The market isnt a fundamental one at the moment

 

[YOUNG_TRADER]

I agree Doc,

However I think YT's bemusement is the fact of how other virtually identical announcements from other co's have been treated. IE - IRM running 300% on rock chip samples.

The market isnt a fundamental one at the moment

Or GDA 1.2c -6c on news that 100m shares had been taken up at 1c via rights issue with a further 100m to be placed at 1c (all with free options)

Yep, that makes sense, dillution at discount prices what great fundamentals!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Rocket man]

JMS increases by 1/2 a cent today .. a positive on a negative day I suppose

Lets hope this JMS annoucement arrives before next Christmas ... snore