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JMS - Jupiter Mines

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when talbot sold out lots of day traders bought in... this one will face significant resistance going up imo

mdx goes up 300% on rock chip samples while this does nothing.
 
People are talking about joining dots re JMS, IRM and MDX.

Get out your pencils and see if they connect.

. . .

Night!
 
moneymajix said:
People are talking about joining dots re JMS, IRM and MDX.

Get out your pencils and see if they connect.

. . .

Night!
Click to expand...

Hey Money, YT

MDX run has me a bit miffed to tell you the truth- Well used to fundies being ignored by the market but JMS has given me a thorough belting unfortunately and I've got HLX to buy

If Mt Ida stuff is going to get someones pulse racing I'll be glad- would have liked some focus nearer the coast myself!
 
Re: JMS - Come on, come on, come on ...

JMS focusing on the Central Yilgarn which intuitively I think is probably the right focus.




Maybe RIO will be interested in their Brockman project being close by. I think drilling is still going on there. To date the grades have been good but shallow. The results were not as good as aniticpated by the market.


I think Talbot is still holding 5.8m shares. He is unlikely to be selling now as he paid somewhat more than 17c for them. Having said that, many of his other investments have dropped by more.
 
JMS up 14% today , always been leaky so possibly news on horizon

I wouldnt advise holding this dog stock but it can run well on good news
 
Rocket man said:
JMS up 14% today , always been leaky so possibly news on horizon

I wouldnt advise holding this dog stock but it can run well on good news
Click to expand...

Only 16 trades totalling $54,000 for the day. I'd suggest that it probably isn't good news as I'd suspect volume to be greater.

I think JMS's ability to run well will be heavily hampered by people that bought this around 30c just before Talbot sold off.
 
Rocket man said:
JMS up 14% today , always been leaky so possibly news on horizon

I wouldnt advise holding this dog stock but it can run well on good news
Click to expand...

Rocket Man,
14% is just noise on this stock, 25% move is what would get my interest.The silence is deafening from this crowd. I've been with JMS since 2006 ! I can't begin to convey my frustration and disappointment over the past 18 months in particular.
 
Yes you guys are right .. volume is too low, noticed that after I posted.

I will wait for Yilgarn results anyway then hopefully JMS and I can part ways with no love lost.

Im surprised Talbot gets away with the obvious insider sell down late last year before Brockman results were released.
 
Evening all,

Can anyone clarify the VWAP for today?

PT is showing me 21.9c for 6.7 mil traded.......
Close at 18.5c.

Preso' was reassuring with 11000m of drilling scheduled for this quarter

Looks like the old Menzies line is a valid transport route.

Cheers

J
 
JTB,

Mine is saying a VWAP of 21.9c. A cross trade of 6mill went through at 22.5c.

Could have been Talbot, as that was approximately his holding.

Also good to see management being proactive with presentations and breifing the market that they have no Opes exposure
 

Cheers mate,

Thats exactly what I was thinking, however my course of trades conveniently lacked the lions roar of the trades today.

Glad to see the back of him if thats the case.

Agree regarding the preso' too- friggin ugly this OP thing

Was heartened to see the other day (week) that you've discovered the glory of Little Creatures PA too
Good drop isn't it.
Can you blokes get it in the pint bottles yet?

Perfect size.
 
Be interested to see who it was selling (most likely Talbot) but more importantly who it was buying and why they were prepared to pay up so much

Well this is another thats hurting my position statement but out of Central Yilgarn bunch of IRM MDX and jMS, JMS is by far the best as it has a JORC which is open in directions,

I guess its just going to take alot longer to get the upgrade

Waiting waiting
 
Re: JMS - Announcement

HEADS OF AGREEMENT FOR IRON ORE
RIGHTS AT PARDOO


KEY POINTS

• Jupiter Mines is finalising an Agreement to acquire iron ore rights from
Shaw River Resources on Pardoo tenement.

• Tenement is adjacent to Atlas Iron’s Pardoo Project area in the Pilbara.
Jupiter Mines Limited (ASX:JMS) is pleased to announce that it is in the process of finalising a formal agreement with Shaw River Resources (ASX:SRR) to acquire the iron ore rights to tenement E45/3183. The tenement was subject to a Heads of Agreement prior to a ballot being held, with Jupiter acquiring the Iron Rights and Shaw acquiring the Mineral Rights if the other party was successful in winning the ballot.

Shaw River Resources was subsequently successful in winning the ballot.
Tenement E45/3183 is adjacent to Atlas Iron’s Pardoo Project area located
approximately 100km north west of Port Hedland in the Pilbara of Western Australia.


.
 
Well that big cross trade that went through the other day was enough to tip someone over the 5% substantial holiding limit.

Red Rock Resources now own 7.62% of JMS.

These guys have also bought into similar miners such as IRM, and MDX (correct me if im wrong).

Good news to me, as it hints at possible long term consolidation plans.

SP currently up 7% on the news.
 
It does look as if JMS are about to do another one of their run ups. So far it has always been best to buy around the 16 cent mark, be patient, wait for the run, stay on board for a while, and then sell.
 
noirua said:
It does look as if JMS are about to do another one of their run ups. So far it has always been best to buy around the 16 cent mark, be patient, wait for the run, stay on board for a while, and then sell.
Click to expand...

Sounds like a plan!

I have all but lost faith in JMS so if it runs up high enough, taking some off the table will be a good plan, I should have bought more around 15c-16c to bring my buy price down but oh well

I'm just sick of waiting for Mt Ida and Brockman was very dissapointing,

C'mon Red Rock do your thing!
 
Sold my holdings today at a loss. Not a large one, but a loss all the same. Must say though that I feel good to be out of this dog. Poor accountability and suspect selling spell bad investment. Good luck to those with more faith and patience than I.
 
Management sure are being proactive of late. Perhaps red Rock are exerting some pressure on them, or they know that thier MC is low so want to boost it up to prevent a cheap takeover.

Today they have acquired the option to explore 2 nickel prospects for 8 months, with the option to purchase after that time if they desire.

I like the ann due to the fact that the majority of payment is via share issue, so it wont lower the cash balance too much, although will cause a small amount of dilution (approx 300k shares).

Also the fact that they stated they will drill these prosepects now, as the drill rig is already on the Widgiemooltha block.

Plus the 8 month timeframe means they have to actually get off their arses and d something before then in order to make a decison.
 
No doubt they have a lot of interesting tenements, but do they have the resources to fund the exploration fo all of them? Why jump into new tenements when you have other promising ones idle or delayed by the dilution of effort.

Increasing news flow is a positive, but I'm sitting on the fence as to whether or not that announcement was a positive.
 
Pretty random announcement this evening:


So who's behind it? The obvious guess is Red Rock I suppose. What's their resolution? Another boardroom stoush?
 
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