Australian (ASX) Stock Market Forum

JMS - Jupiter Mines

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Has anyone else noticed this one rising at a steady pace lately coming off 10c from 22nd of May to 20c since then...
It found some support at 9c until the break through of 10c where it shot right up to support of about 15.5c and resistance of 16.5c now it has broken that and seems to be quickly rising Just wondering if it will find new support resistance range to trade between...
 
Uncle Barry said:
I've been watching, its a nice slow and steady increase in S/P.

:)
ps, I hold a wee parcel of stock

Kind regards,
UB
Click to expand...
I'm still hoping as well on this one. Three times I've bought and twice sold for a profit. On the third occasion I bought at 16c and thought about selling at 30c - I was still thinking when it suddenly plunged.
 
Ann. pushed up the sp.
21c

52 week range
0.290 - 0.060


Jupiter Secures Strategic Investment and Off-take
Agreement with POSCO Australia Pty Ltd

• POSCO to invest $7.81 million (US$6.25 million) in Jupiter for a 16.65% stake
subject to Shareholder approval

• POSCO enters into an off-take agreement for up to 50% of Jupiter’s future DSO grade iron ore production

• POSCO representative to join Jupiter’s Board

• Post placement, Jupiter will have $14.5 million of cash to fund future exploration and development activities


.
 
moneymajix said:
Ann. pushed up the sp.
21c

52 week range
0.290 - 0.060


Jupiter Secures Strategic Investment and Off-take
Agreement with POSCO Australia Pty Ltd

• POSCO to invest $7.81 million (US$6.25 million) in Jupiter for a 16.65% stake
subject to Shareholder approval

• POSCO enters into an off-take agreement for up to 50% of Jupiter’s future DSO grade iron ore production

• POSCO representative to join Jupiter’s Board

• Post placement, Jupiter will have $14.5 million of cash to fund future exploration and development activities


.
Click to expand...


Chart also looking good, I believe the day trader also brought 40000 shares on monday. Hopefully it can stay above 20 cents and continue moving forward.
 
Price up on announcement this morning. Up 2.5c to 20.5c.


OAKOVER MANGANESE PROJECT HIGH GRADE MANGANESE ROCKCHIPS

KEY POINTS

• First reconnaissance field trip completed
• Field evaluation of eight interpreted manganese anomalies
commenced
• Rock chip assays ranged from 5.0% to 54.6% manganese
• Majority of samples returned > 20% manganese
• Fifteen identified anomalous areas remained to be evaluated in the
field
• VTEM Geophysical Survey to be flown by Geotech Airborne Pty Ltd
this month
• Jupiter has also applied for an Exploration Licence covering the
Paterson Formation at Oakover


Links:------[1] http://www.jupitermines.com/images/jupiter---iepee.pdf


:)
 
Perhaps worth holding on to this one with the Mount Ida - Jupiter Central Yilgarn - having up to 1.3 billion tonnes of reasonable grade iron ore, imho. Jupiter say high grade.
 
Quite steady are Jupiter Mining despite the options at 75c not being taken up, big surprise. Mindax Ltd., bought a few more shares to keep their holding above 10%. A reasonably interesting stock really in an otherwise weak mining minnows sector of late with iron ore their big hope.
 
Jupiter Mining are in 'Trading Halt' pending an announcement of a significant transaction, We must wait and see. Hopefully this is another of my get-out-of-jail cards and yet another profit more by luck than judgement.
 
ha Noira ...know the feeling. i left jms at 23c average after watching them hit 28-30c. Entry was 21c greed has alot do do with it as i approached the 12mth holding time. JMS have a wee more direction lately and runs like we had in 2007 etc just dont happen for these types of stocks. IO stocks are worth a few $$ as world growth needs IO. IO has a bit more substance than some of the other bubbles. Coal is similar

i could do with some **** to get out of uxa !
JMS worth a few dollars under present management
 
countryboy said:
ha Noira ...know the feeling. i left jms at 23c average after watching them hit 28-30c. Entry was 21c greed has alot do do with it as i approached the 12mth holding time. JMS have a wee more direction lately and runs like we had in 2007 etc just dont happen for these types of stocks. IO stocks are worth a few $$ as world growth needs IO. IO has a bit more substance than some of the other bubbles. Coal is similar

i could do with some **** to get out of uxa !
JMS worth a few dollars under present management
Click to expand...
Yes, when a stock goes wrong we can end up holding for an age. Though it was two directors that eroded confidence awhile back. A bit off topic, but UXA (will post on thread), SBM and CSR are my other stocks where I should have pressed the sale key - still, you mention coal and I can't grumble about that sector.

Nothing to discuss now, but hopefully this JMS announcement will be favorable.
 
noirua said:
Yes, when a stock goes wrong we can end up holding for an age. Though it was two directors that eroded confidence awhile back. A bit off topic, but UXA (will post on thread), SBM and CSR are my other stocks where I should have pressed the sale key - still, you mention coal and I can't grumble about that sector.

Nothing to discuss now, but hopefully this JMS announcement will be favorable.
Click to expand...

Favourable it has been indeed, this 49.9% purchase of Tshipi Kalahari Manganese Project in South Africa. The present price is 28c and heading back towards 30c again. After the event I wish I'd bought a lot more.
 
Media


Geoff Wedlock, chairman at Jupiter Mines, says he expects the resource demand from China will continue. He speaks to CNBC's Oriel Morrison about China's relationship with Australia.

http://www.cnbc.com/id/15840232?video=1427946730&play=1



--------------------------------------------------------------------------

March 2 (Bloomberg) -- Brian Gilbertson, chairman of commodity investment company Pallinghurst Resources Ltd. and former chief executive officer at BHP Billiton Ltd, talks with Bloomberg's Susan Li about the company's business strategy. Pallinghurst said yesterday it will swap its shares in South African manganese deposit Tshipi e Ntle Manganese Mining Ltd. for a stake in Australia's Jupiter Mines Ltd.

http://www.youtube.com/watch?v=8l_Ezx6qmCs






Buying

imagesignal.comsec.com.au/asxdata/20100305/pdf/010...




:)
 
How things can turn round. Now everyman and his dogs are eying JMS and Pallinghurst holding around 9 million shares. I've revised my 30c original selling target to 50c and am now looking to turn a good profit for the third time, rather than a loss. Not to say I'm right of course, if not, such is life in these speculative sectors. Worth a gamble? Who knows?
 
The buying from last week continues and 31c atm.

JMS moving from a junior explorer to a business making money in the near future.

Not many shares available for purchase as a lot are held by Pallinghurst, RRR and others. Gina Rinehart (Hancock Prospecting) also has a holding.



:)
 
Interesting now are Jupiter Mines with the big mining sector running hard again. SHOULD the small mining sector follow then JMS and many others MAY be very cheap.
 
Hi

I have seen jms tipped on ADVFN but RRS came in first with nearly twice as many votes.Yet the RRS forum is dead and the jms forum is well lets say a little bit more alive.

Why is this?

olivia
 
moneymajix said:
Jupiter Says Singapore's Temasek Interested in South Africa Manganese Mine

By Rebecca Keenan - Jul 5, 2010

http://www.bloomberg.com/news/2010-...in-tshipi-manganese-mine-in-south-africa.html
Click to expand...

Very much a puzzle all this as JMS shares fell 2c after a 5c rise on Monday and interest seem to be waining. I would have thought a rise to over 30c was in order, but maybe the high cost of the project and time involved with added thoughts of further placings are in investors minds.
 

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