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JMS - Jupiter Mines

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results released today from recent RC drilling program at Oakover

the higher grades intersected are probably the best of the current crop of junior Mn explorers in aust, incl

2m @ 35.35% Mn from 17m;
4m @ 31.21% Mn from 33m (incl 1m @ 49.60% Mn)
4m @ 26.89% Mn from surface
6m @ 25.02% Mn from 12m

considering the wide-spaced nature of the drilling program, this has potential for further decent results from future drilling

17 of 43 holes intersected significant mineralisation, 26 holes no signif min
 

Happydays as JMS have broken out of their downtrend quite sharply. Lots going on and manganese at Oakover. Now 29c and looking to get back to my 33c target sale price, a few years ago now, but looking to come great - well good, afterall. Would be a third profit despite the long wait.
 
No leaping up and down as Jupiter Mines decide to fast-track the magnetite interests at Mount Ida. I feel that providing all goes to plan and iron ore prices hold-up, JMS should be very happy bunnies this time next year.
 
Great to see 33c gone, up 20%.

See various news today.

Also, link into investor presentation by phone this arvo.
See details in announcement today.


 
I'm out of Jupiter Mines for a third good profit margin, but hell it was a long wait and a worry at times. Genuinely hope it goes well on up as the company has done me proud. patience is a virtue worked this time. Last profit at 150% wasn't really deserved as I never understood the stock and just new it made occasional long runs up and profits were there for the grabbing - good luck and good fortune my friends
YOUNG_TRADER put us in here in the first place, several years ago, and I hope he made a small fortune out of the stock???
 
I had no patience for this stock and sold out at the same price that I bought it for.

At the time I was afraid it might drop to the level of some other stocks I hold which I can't sell because the price is unmarketable.
 
shinobi346 said:
I had no patience for this stock and sold out at the same price that I bought it for.

At the time I was afraid it might drop to the level of some other stocks I hold which I can't sell because the price is unmarketable.
Click to expand...

Never mind. If you want to back a winner this time then mosey on over to: http://www.thebull.com.au/the_stockies/forums.html
Watch JMS carefully, I am, as it usually falls out of bed again.
 
Got to say people I have held this stock for 3 years based on some help from this forum. Been a slow few years but now paying off very well.

Jupiter Mines has now hit 46 cents and is rocketing. This is despite a speeding ticket being issued and a negative response. Something has to be wind. Any ideas why??
 
It is interesting how much value has been placed on JMS considering.. There no were near being a producer, looking at FRS or BRM they seem expensive is the Tshipi Project worth so much and if so maybe ill need to look at AQA again
 
Anyone with info on JMS? During early days on some Iron Ore near a rio tinto plot, they struck too many impurities. Of note in the latest annoucements they made this claim: - "Contaminant levels in the magnetite concentrate are very low"

How much is this worth? I dunno!
 
Has anyone still got shares in this stock and what is your opinion on the best price this share will achieve in the short term??

How much do see it going past its current price at 60 cents??
 
An interesting watch is Jupiter Mines and one I held previously and sold out too soon at 41c. Now around 47c and that's well down on highs north of 70c.

Mount Ida is the big iron ore find set to produce in 2013 and LSE stocks Red Rock Resources has a substantial holding and 1.5% royalties on production and Regency Mines ties in with their MD's Andrew Bell also a director of JMS.

One to occasionally monitor and perhaps worth a punt if JMS falls a bit further.
 

July has passed a while back and JMS have continued on down to 33c. Positioned on my iron ore monitor on a watch basis. Not confident yet and watching Mount Ida progress in WA though this becomes positive only in 2013/2014.
The market is looking at profits for 2012 with companies and 2014 is to far off in a bear market.
 

Now JMS command a price of just 5.7c, down about 95% from its high point. Going private soon if the ASX does not kick up a big fuss -- not sure they will.
Company complains about the low valuation of Jupiter and mining companies in general on the ASX. However, the mothballing of the iron ore interests at Mount Ida, WA, are a big factor here.
The company says it is a producer and should be priced much higher. However,again, they say they have sufficient funds for two years, yet, if they are a producer shouldn't they be making big profits, it seems not.

Hard to say how long a lock in this could be and no point guessing unless you can get into the heads of the board of directors, individually that is, and sum it up from there.

Sad for investors, but I blame the directors equally as much as ASX interest is lacking. They could have sold their South African interests several years back for big bucks and they chose not to. They could have closed down Mount Ida far earlier. They could have dumped several directors from the board and halved salaries and paid half of that in options.
 
On January 10th, 2014, Jupiter Mines Limited (JMS) was removed from the ASX's official list following shareholder approval at the Annual General Meeting held on November 28th, 2013.
 
The holdup continues. The Pallinghurst Co-Investors, 86% shareholders in JMS, are now seeking the sale of Jupiter's 49% of Tshipi é NTL. 'THE' Gilbertson, Chairman of Jupiter, Pallinghurst Resources, Pallinghurst C0-Investors and a director of Tshipi é NTL is now pressing for a conclusion.
 
Give this thread a bit of a bump here.

Has anyone heard any further information about Jupiter's return to the ASX? I read an AFR article recently stating they've enlisted three brokers to manage the float.

Is anyone able to comment how one could position themselves for this IPO before it's fully subscribed?

Do account holders of the participating brokers generally receive first preferences?

Thanks in advance, pretty green when it comes to this aspect of investing.
 
Jupiter Mines and their high grade Mount Mason haematite Mine and Mount Ida magnetite mine.

Goldfields iron ore mine closure a blow for workers at Esperance Port
Https://thewest.com.au/news/goldfields/goldfields-iron-ore-mine-closure-a-blow-for-workers-at-esperance-port-ng-b88725881z
Jupiter Mines plans are to replace supplies of iron ore provided by the Goldfields Iron Ore Mine closure this year.
Mount Mason is set to be first supplying high grade iron ore that does not require benification to the Port at Esperance.

Http://www.jupitermines.com/images/jupiter---juefa.jpg
 
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