Australian (ASX) Stock Market Forum

JMS - Jupiter Mines

Jump to new
Ok, so I did watch today but out of curiosity as to how this would react to the positive market moves today.

Gets me why it's still sitting around the 13c mark.

Everyone is just waiting for news I guess?

I better do the same.... :sleeping:
 
So cheap yet so unloved, tisk tisk tisk, :rolleyes:


I mean it's exposure is to a commodity that has yearly pricing contracts, not spot, and its commodity Iron Ore has seen an 79% increase last year and a 19% increase this year,

Its project is stacking up and it has China's largest steel/Iron Ore firm as a possible JV partner,

It is the cheapest entry to the Australian Iron Ore plays, with a mkt cap of around $10 - $15m,
 
No technicalties in this post ,but! in all the years I have traded ,I understand yr (YOUNG TRADER) support for this stock. BUT! if the market is not interested in any stock, then it ain't interested. It just shows there are other stocks that have more going for it.Today is a punters market.
It's that simple.
 
3 veiws of a secret said:
Today is a punters market.
It's that simple.
Click to expand...

You don't think this is worth a punt? ;)

I would say the odds are leaning towards the JV going ahead and that this will likely start to move and gain interest if/when that happens.

Although I am a little concerned about the lack of interest lately too :confused:
 
The announcement on the JV, yes or no should put some life into it. Watch for volume and stock rising or falling. Should indicate announcement coming out maybe. Will be very interesting to watch! Good luck to long term holders from before the correction. I think you will be vindicated.
 
In response to ALFguy comments ,I used the term "punt" I might of sounded cryptic ,but really I was refering to any share bought today was going to go north.
With hindsight JMS, did'nt hit any wind, it reminds of the graffitti in Picadilly Circus tube station -"her I sat broken hearted ,paid a penny and only fart'd" .
Plse do take into consideration I have a slab on ice with this share. Patience is the name of the game for sure!
Further edit................
OOOPS just read your line ALFguy......don't forget its buyers market at the moment.
 
YOUNG_TRADER said:
Well there it is folks, with avg grades of Iron Ore above 60% and low impurity levels the deposit is stacking up, there is probably a 90% chance of the Sino JV going through
Enjoy!
Click to expand...

How do you figure 90% chance? Is that based on some press releases or what? What sort of cash-flows will JMS retain if they keep only a minority interest in the Fe reserves?

I know I need to be spoon-fed, but your research is always so much better than mine! :D
 
Hot****!!!! I'm now offically a junior member... whaoooo!!! I wa sick of that newbie tag... I wonder if that means I'm a better trader now?
 
Congratulations Kipp. Now give us a good tip!

I think the 90% figure was plucked entirerly out of the preverbial backside.
 
I gave it about a 90% chance of success because of the excellent drilling grades and because the little green elf on my shoulder told me so,


Seriously though anyone see AQD get hammered today? thats what happens when a companies mkt cap trades @ $50m-$75m and the drilling results aren't in, and unfortunately when they do come in they show low grades and very high impurity levels,

Now what happens to a company that has Fe grades of above 65% with impurity levels of less than 1% who has the JV backing to fund and develop a project and who also has another 3 very prospective Iron Ore Projects not to mention a whole swag of other 'projects' with a mkt cap of under $15m????
Re-rating


I keep puting the challenge out to others, find me a better spec exposure to the Iron Ore Mkt and I'll buy,

Was on the horn with brokers in Perth, they like what they see, its a pity that JMS doesn't get some investment analysis coverage, (I may try to remedy this situation a little if I can) however once JMS signs JV agreement to develop Mt Mason, they think its a shoe in for a buy recommendation coverage,

Anyway from the start patience was the key word, lets see what the future holds
 
Have been going over the company

On a comparative basis, its drilling results at Mt Mason are as good as GBG's (Gindabalees) Hematite and better than MIS (Midwests) Hematite Blue Hills Project,

So all in all it looks good Iron Ore Project looks the goods,



What does worry me a little is the company has the authority to issue another 20m shares at a price of no less than 8c by way of private placements, I see this as a really poor placement as it will raise maybe $2m before costs, they can't keep issuing script at such low levels and I certianly hope they won't, they are much better off waiting for market to appreciate the company (and thus let the stock appreciate and issuing the same scrip at a much higher price) according to the AGM resolution the issue needs to be finalised by 12 July


I am going to get some clarity to this soon,

It should be noted though at current prices of 13c the company has a mkt cap of around $8m
 
I read it to mean placed, ie completed, so to complete the placement by 12th July,

While it is a private placement and will most likely go to Wilson HTM a private boutique type investment bank, I think they can do much better if they approach one of the Perth Brokers and in the process get ongoing investment coverage from them, who knows this may open the way for the Nickel JV with MCR I've been ranting about, and may also provide them with options for a JV over thie 300k oz JORC compliant gold deposit

They're Iron Ore exposure though is very encouraging, what seperates them from other hopefuls is the presence of a JV partner such as Sino Steel, once they sign JV this Company should command a mkt cap of at least $25m minimum,
 
YOUNG_TRADER said:
I think they can do much better if they approach one of the Perth Brokers and in the process get ongoing investment coverage from them, who knows this may open the way for the Nickel JV with MCR I've been ranting about, and may also provide them with options for a JV over thie 300k oz JORC compliant gold deposit
Click to expand...

YT...... why don't you give JMS a call and hand them this piece of advice :D

and while you're at it, ask em if the JV is going ahead :eek:
 
What a wake up call?.......Don't do that the share price is static,and too many of the guys in the office are downloading CALL OF DUTY! Leave them alone,this share for the patient few of us.
 
Ants said:
The options plummeted this morning.
Click to expand...

Not having looked into options, what does this tell us about the markets view of JMS?
 
Ants said:
The options plummeted this morning.
Click to expand...

Umm 100,000 options were sold @ 2c, so $2000 trade, I hardly see that as 'plummeted', ever thought of relativity,

They are 20c options so they are out of the money with the stock price lagging at 13c, I have told a few people who have pm me and asked that if they are really wary of entering the stock because of spec situation, percieved risk, than they can look @ playing the options,

for example a buy of 25,000 options @ 2c will cost a measely $500,

Lets look at 2 extreme outcomes,

1. JV goes ahead with Sino, huge resource outlined stock rockets to 80c, those options should be worth 60c, 25k x $0.60 = $15,000

2. Company goes bankrupt = lose intial investment = -$500

The risk/reward ratio is clearly in your favour is it not?


If you watch the daily movements of this stock I don't think you should invest in it, especially if the sale of 100,000 options causes you a bit of concern, I hold 500,000 options what if I sold them now @ market?



Also Sino steel wouldn't have just entered into a MOU for a JV with them unless there was some serious prospectivity there for them, the only time you should get really alarmed is if the Sino JV falls through as without a JV partner there is no way JMS can get its Iron Ore Project off the ground,
 
Dude just an observation . It was just a big drop compared to normal . These things have been doing well all through out this correction then down they went. When you put it in perspective all, seems fine. Thanks. Think I might buy more :D
By the way no concern here. And I havnt bee watching these options for 3 weeks.
 
Ants said:
Dude just an observation . It was just a big drop compared to normal . These things have been doing well all through out this correction then down they went. When you put it in perspective all, seems fine. Thanks. Think I might buy more :D
By the way no concern here. And I havnt bee watching these options for 3 weeks.
Click to expand...


ANTS, wasn't having a go at you, sorry if it sounded that way, just wanted to point out that options didn't really plumet just lacking interest like the stock, I'm considering buying some more opies as well at these levels,


Was talking to brokers again about the stock, they are really puzzled why Sino Steel would approach JMS for a JV, the only answer is that there must be some huge potential at Mt Mason otherwise why would they bother,

Sino Steel has only approached MIS and Cape Lambert for JV's over thier deposits which are 10mt + deposits, so this suggests Mt Mason is alot larger than I may have realised, what may answer this is the mineralogy seems to be consistent throughout the recently required Mt Ida and Mt Hope tenements, these combined with Mt Mason give JMS a possible 18km BIF strike deposit,

Drilling results came out on the 8th June, according to JMS MOU agreement with Sino they have 30days to negotiate framework, so possible ann around 10th July????????

Also they did get Native Title clearances for Beasley River and Brockman CID tenements so will be interesting to see how long before they get a drilling rig out there,


Shame that they haven't yet approached/been approached by MCR to take a look at their Nickel Grounds, JMS's 'Cassini' Nickel find is next door to MCR's Redross and Mariners Operations,
 

Similar threads

Damuzzdu
Iron Ore Plays - Discussion
2 3 4
Replies
68
Views
26K
Telamelo
T
Top