JMS - Jupiter Mines

[derty]

I have no idea as to why they waited so long, possibly rig availability. Would be hard to get someone to mobilise to a remote location do a 1000m RC job.

The hole depths don't really add up either, they say 33 holes for 990m which is an average of 30m/hole. The are not showing those sort of depths in their tables, unless they are only showing the mineralised parts of their holes. They have most likely drilled shallow holes as a first pass to asses the higher grade parts of the sequence with a view to focus later deep drilling on the more prospective parts. This way they can assess which of the bands within the steep dipping sequence are more iron rich. I would be more worried about a company that leapt in and drilled 10,000m of 150m deep RC holes on a few rock chips.

Another reason may be that the rig they managed to get was a piece of crap that could not successfully drill the banded iron.

 

[j4mesa]

This share has been going from worst to worst......
They should have bring out some more of the encouraging results...

 

[MACH]

I have no idea as to why they waited so long, possibly rig availability. Would be hard to get someone to mobilise to a remote location do a 1000m RC job.

The hole depths don't really add up either, they say 33 holes for 990m which is an average of 30m/hole. The are not showing those sort of depths in their tables, unless they are only showing the mineralised parts of their holes. They have most likely drilled shallow holes as a first pass to asses the higher grade parts of the sequence with a view to focus later deep drilling on the more prospective parts. This way they can assess which of the bands within the steep dipping sequence are more iron rich. I would be more worried about a company that leapt in and drilled 10,000m of 150m deep RC holes on a few rock chips.

Another reason may be that the rig they managed to get was a piece of crap that could not successfully drill the banded iron.

The drill holes were mixed, ranging from 12m to 74m. But the more common depth(taking a guess on this) was around 25m. Very shallow.

 

[adamwu]

Can anyone teach me what the Crossed condition means in the attached image? Thanks. Happy big V day.

 

[BigJohnny]

The "crossed" trade is a situation where the same broker has acted on behalf of both the buy client and sell client. For example, a COMSEC client has placed his/her order into the market to SELL JMS.AX @ 17c, some time later then another client of COMSEC comes in to BUY some JMS.AX at 17c. Very common in small cap stocks to see this happen, as most retail investors would trade thru COMSEC and Etrade and hit each other in the screens.

 

[adamwu]

Thanks Bender. You are JMS holder too? Hope we are seeing the bottom right now. But it do looks like worst and worst right now.

 

[j4mesa]

The todays is closing is up by 16.67%
what a surprise, late evening rush.....

hopefully , the momentum can keep on going up from now !!!

 

[petervan]

Iron-ore small caps have been coming to life in the last couple of weeks and if the momentum keeps going on Monday could be another one to add to the portfolio

 

[Bullion]

Ok.... am I seeing things, or is there a buy order at 18c for 5,000,000 shares?!?!

Who would do this kind of thing unless it was a takeover bid of some sort? I don't see any ann though...

 

[Synergy]

Yeah I've just seen it too... weird. Who would place an order like that? Acting as a good stop for the time being, but not convinced it'll stay there for long.

 

[doctorj]

There's only 3 reasons I can think of for an order like that:
(a) A rookie trying to buy a big line. Unlikely (insert something about a fool and his money here)
(b) Someone looking to test the market to see if there is any of the larger players (Talbot) looking to relieve themselves of more stock.
(c) Someone with a vested interest in pushing the price up.

 

[Ashsaege]

I dont see it in the market depth on my etrader. Id say they were trying to put the price up, and then removed it.

 

[Red Fatboy]

Anybody out there have an idea whats driving the stock up,when there have been no ann.Are they considered cheap or is the market just in better shape than when we saw JMS sp fall from grace.

 

[spottygoose]

They have tenements in an area which appears to be quite sought after ala redrock resources and Andrew Tsang taking large stakes in nearby MDX. And imo they are undervalued with the sp having languished after a series of management disasters. Board has been cleaned up and from what I hear the exploration team are now much more on the ball.

 

[moneymajix]

Fatboy

Possibly share price driven up by insider buying.


Announcement today at 12:13.


ENCOURAGING IRON RESULTS FROM
ROCK CHIP SAMPLING AT MT IDA

KEY POINTS
• Encouraging assays received from rock chip samples at the Mt Ida
Prospect including 32 assays reporting over 55% Fe, part of the Central
Yilgarn Iron Project (CYIP), including:
o MI-013 @ 62.7% Fe
o MI-033 @ 62.1% Fe
o MI-042 @ 65.7% Fe
o MI-047 @ 62.5% Fe
o MI-049 @ 62.5% Fe
o MI-050 @ 62.6% Fe
o MI-095 @ 62.5% Fe
o MI-116 @ 65.4% Fe
o MI-119 @ 64.2% Fe

 

[dogwithflees1983]

Disappointing reaction by the market to what I thought was a very positive announcement. Was expecting JMS share price to run on the back of this morning's announcement...

 

[wipz]

Agreed doggy, dissapointing to see big orders going through yesterday also. Definately some insider play going on. This company is losing its integrity imo

 

[YOUNG_TRADER]

Agreed doggy, dissapointing to see big orders going through yesterday also. Definately some insider play going on. This company is losing its integrity imo

lol, losing or lost?

The company frustrates me to no end, but its assets especially Mt Ida/Mason are very attractive and keep me on board

We really need to see some drilling here though fellas!

I must add that the huge 5m buy that keeps appearing at 18c is very very strange

 

[doctorj]

I must add that the huge 5m buy that keeps appearing at 18c is very very strange

Best way to test it out is to start selling lines of stock into it, to see if it pulls and runs.

If it stays, its probably real, if it pulls and runs, then you know its probably there to prop up the price.

Our 5mill man is back as we speak...

 

[YOUNG_TRADER]

Best way to test it out is to start selling lines of stock into it, to see if it pulls and runs.

If it stays, its probably real, if it pulls and runs, then you know its probably there to prop up the price.

Our 5mill man is back as we speak...

lol sell into him? You first Doc lol

If he wants em he can have em off me at 40c :

Seriously though I reckon its real, if it were fake someone would get in real trouble with ASIC/ASX cause that ain't allowed