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JMS - Jupiter Mines


yeh i agree it is a stupid time for a placement especially when the share price is starting to get some upward trend :mad: . I just hope a JV comes along soon.
 
yesterday i thought a bottle of whisky was in my sights with a j/v announcement imminent. today i'm recycling water & spitting chips! the hazards of the game.
 
Placements aren't always bad for sp, have a look at GWR its nearly doubled after recent placement. :2twocents
 
GWR's placement signalled they were ready for the next step towards actual mining. ie it was to sure up infrustructure and not just to provide funds for exploration. Thats why it was a positive placement.

To tell the truth I dont think JMS are ready for that next step ie they are still at the exploration stage. Purhaps a JV would change that... but then why not release news of a JV, get the SP higher and then do the placement. Even if the JV doesnt eventuate, I would have thought the SP would have still increased on drilling results.

The timing of this placement has me confused. Previous quarter exploration was $215k. For the previous 12 months it was $1.2m

Given cash at bank, it seems unusual that they would raise funds now unless something was in the wind (well thats what I am hoping).

In order of expected announcements, it seems unusual for them to raise cash now. Just cant quite get my head around it at the moment
 
If they're gearing up for some hard core drilling then its a ok with me,

However I will wait to see the terms of the issue before making a call,

I just wish these do-do's would approach a proper broker to do Cap Raising and get some corporate coverage in the meantime
 
Just got in from a brutal days work,& spotted JMS trading halt. My immediate thought was how many shares are they trying to place ? & if it's a container load!!!! Should I presume they are going out alone,and corking the JV?
 
This company has great potential. But I'm beginning to think that they would have even better potential with new management.
 
MiningGuru said:
Maybe it is a placement from the JV partner? Not unusual for a partner to take a stake in the company.

Hmm ive heard that from other forums as well. It was a bit strange how they wanted to do a placement especially when they did one not too long ago. Maybe it is a JV... and if that is the case... :alcohol:
 
Well I am hoping this is the case. I still think it is strange, but fingers crossed the market reaction will be positive.

Only one more sleep to go :
 
It is strange, JMS had made placements before and has never had to request a trading halt,

They requested one last to ann possible JV,

Without speculating too much its interesting to see that buying picked up just prior to halt, now if I were an insider I doubt I'd be buying up on news of a placement, IMO has to be more than placement, there must be some sniff of JV or something else

We'll know tomoz,


Good luck all
 
it is an interesting development. maybe along the lines of GYN finalising a placement about 4 days ago then today announcing the hotly anticipated results of a drilling campaign.
 

Goood point there how the buying picked up on the day before the trading halt. It does sound logical to be some kind of good news, and i definitely hope it is.

Can't wait

Yes good luck to all!!!!!
 
Painful placement guys I know but it was with Pato's!!!!!!!

So believe me the pain was worth it, Pato's will start sending JMS info to all their Insto's (take a look at the Insto presentation JMS did, lists everything I've been saying about this stock, Iron Ore, Nickel, Gold etc)

I expect this to finally place JMS 'on the map' so to speak,

Pato's will soon release an investment view, so expect good things from now on!

Regards
 
true... that is silver lining...
but 14cents... after their big announcement that drove the shares to 22cents.... far out!!!

18 to 20cents would have been a fair placement in my book.

someone needs to be shot!
 
Rafa said:
true... that is silver lining...
but 14cents... after their big announcement that drove the shares to 22cents.... far out!!!

18 to 20cents would have been a fair placement in my book.

someone needs to be shot!

haha on the upside at least these guys did it with a proper broker. I think the placement was a small price to pay for getting coverage so it can lead to a JV. Just wish these guys would have done it earlier on the last placement. :sheep:
 

From today's Australian. Perhaps the start of better things to come.