JMS - Jupiter Mines

Oops i think i spoke to soon. Just had a look at the market depth, I guess we have to wait for the awareness of the news and in fact the company itself. Still the converse of the lack of buy depth is the lack of sellers too. Once the news gets out there we should be on the way. GOod luck all.

spottygoose said:

Oops i think i spoke to soon. Just had a look at the market depth, I guess we have to wait for the awareness of the news and in fact the company itself. Still the converse of the lack of buy depth is the lack of sellers too. Once the news gets out there we should be on the way. GOod luck all.

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Hope you're right spotty. Maybe just shaking out some nervous holders for now?

Still, would like to see this one creep up a little.

Like I said today the market doesn't seem to care


The market is made up of sheep who follow a herd mentality, I remember buying up UXA @ 12c knowing that it had unbelievable growth prospects, Uranium boom came along and took the stock up to 50c, did well on my options, sold the stock a bit soon,


JMS has unbelievable fundamentals but the herd of sheep haven't seen it yet, so we'll just have to wait patiently until they do :

Drilling results are out soon, I can't believe buy depth, I hold plenty of options so I don't need too much stock but I still bought some anyway today, but the depth is so weak


I bet you that CTP's got a 250k sized buy order up, is it you CTP? ? ?

You know me too well my friend, I got out of this one because of lack of volume, but with prices trading so low today this one seems like a bargain, I'll see how I go today, hopefully I can get in for 15.5 (optimistic) but if not I'll get a packet for 16

LOL

lol CTP, I know that when you see good value you go for it!


Here's what I think the problem is, apart from a few speculators, alot of the intial buying around 10-14c came from this forum and a few lawyers I work with, the mkt as such doesn't know what this stock is or what it has achieved.

I JV with Sino Steel is bigger than a JV with RIO IMO because, well its Sino Steel and they don't just punt on every spce Iron Ore play, they pick good value projects only, I definately think this will get a mention in an article, it would have to, its not everyday that Sino Steel farms-in to a project


I've been on the horn with a few of my brokers and they have no idea who this minnow is, they're 'looking in to it' and there in lies the prolem, very little mkt coverage of this stock, before I started this thread I doubt many here would have know who JMS was, I only stumbled across them when reading an article about the AQD/RIO JV, which mentioned that another 'micro cap' JMS also held land in the area,


Point being, we'll have to wait until mkt realises who JMS is and the fact that Sino wants JV with them.

Thanks for that Y_T, always good to read your take.

By the way, I thought there were only bulls and bears? Now sheep? Are there any other animals we should be aware of?

Young Trader I think you have summed the situation up to a T.

ALFguy said:

Thanks for that Y_T, always good to read your take.

By the way, I thought there were only bulls and bears? Now sheep? Are there any other animals we should be aware of?

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lol I think its like Noah's ARC, 2 of every kind! sometimes more, I mean on this thread alone we have an Ant & a Spotty Goose!!!! :

Its creeping to the lowest asking price of .175 and Im not in yet .Just get in at that price ? Any Thoughts? Thanks for any non commital advice,

Hmm this one is really is really stalling. I could see why it would be hard to pick whether to get in or wait.

Ants, don't panic! If this one is going to go off, then the volume will ramp up to match, you might get in at a big higher price, but I would personally rather that than to chase the price up on a slow day like today and risk a quick drop back to sensible levels....

YT is probably better to ask about this though

Cheers CTP. Have you checked out YT other pick GOP yet?

Yeah I've had a look but there just really isn't enough volume to make it worth my while trading, I will keep an eye on it though.

I've got in JMS today with:

100,000 @ 15.5c
300,000 @ 17c

I am going to buy much more if I can, I think we're sitting on a timb bomb here, ha ha ha! (a good time bomb)

Someone likes those options 1mil bid @ 4c , 500k bid @ 4.5c

I went in but not for that many,lol.

It must be noted that they are still in negotiations over this JV right?

Apparently. 30 days waiting for drilling results or the like.

YOUNG_TRADER said:

lol CTP, I know that when you see good value you go for it!


Here's what I think the problem is, apart from a few speculators, alot of the intial buying around 10-14c came from this forum and a few lawyers I work with, the mkt as such doesn't know what this stock is or what it has achieved.

I JV with Sino Steel is bigger than a JV with RIO IMO because, well its Sino Steel and they don't just punt on every spce Iron Ore play, they pick good value projects only, I definately think this will get a mention in an article, it would have to, its not everyday that Sino Steel farms-in to a project


I've been on the horn with a few of my brokers and they have no idea who this minnow is, they're 'looking in to it' and there in lies the prolem, very little mkt coverage of this stock, before I started this thread I doubt many here would have know who JMS was, I only stumbled across them when reading an article about the AQD/RIO JV, which mentioned that another 'micro cap' JMS also held land in the area,


Point being, we'll have to wait until mkt realises who JMS is and the fact that Sino wants JV with them.

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Read an article on Sino Steel sounds like they really might be better than a Rio joint venture.. have a read if you have time. I bought a little parcel too after reading this thread. i think we can all live off Young Trader :

Sinosteel Steps up Cooperation with Foreign Firms

Sinosteel Corporation, one of the nation's largest steel traders, is stepping up its overseas expansion through co-operation with local companies.



The company signed agreements last week to consolidate strategic partnerships with Japan-based Marubeni Corp, Germany-based ThyssenKrupp RST and Elkem ASA from Norway.



"One of our most important strategies is overseas expansion," said Huang Tianwen, president of Sinosteel.



In fact, the State-owned company has had a business relationship with these three foreign firms for over a decade, mainly focused on the coke trade.



But the company is hoping to broaden this co-operation through the trading of iron ore, coal, steel, transportation as well as outbound investment. "The long-term co-operation with the three companies provides us with shortcuts to the markets in Europe and Japan," Huang said, adding that the companies will soon begin negotiations on how to improve trade and investment.



Sinosteel's president said that all branches of his firm would benefit from larger trade channels and long-term co-operation with its foreign partners.



For example, contractors under Sinosteel will be able to gain access to the advanced technology and equipment of the company's foreign counterparts.



The foreign partners are also eager to establish a better relationship with the Chinese firm as it gives them greater access to the domestic market.



"We found various areas in which to co-operate with Sinosteel as a number of our businesses overlap," said Kai-Norman Knoetsch, general manager of Germany-based ThyssenKrupp MinEnergy.



ThyssenKrupp is one of the largest integrative industrial groups in Germany, and boasts a 146-year history.



It has over 40 subordinate companies and representative offices in China, engaged in the manufacturing of steel and elevators, as well as trade and services support.



Marubeni's president Tadatsugu Nakajima echoed Knoetsch by saying his company would strengthen its relationship with Sinosteel, particularly in the iron ore, transportation and machinery fields.



"Sinosteel is our largest supplier of coke in China and one of our most reliable suppliers in the world," he said.

Hypnotic

It got a mention in the Australian, now lets wait for the Fin Review!


Money pours into resources despite warning
Robin Bromby
May 10, 2006
LOCAL fund managers and the Chinese don't seem to be heeding the Jeremiahs warning of the end of the great commodities boom.
Both keep throwing money at the sector.

The institutions yesterday came up with $51.5 million in new equity for Allegiance Mining's Avebury nickel mine development near Zeehan, Tasmania.

The Chinese - who should be in the know - have put their foot on yet another potentially valuable deposit and shown the colour of their money.

Sinosteel, one of China's largest steel companies, is to form a controlling partnership with Jupiter Mines over the Mt Mason iron ore tenements in Western Australia and come up with all the money. And even those "sophisticated investors" don't seem to be heeding the dire warnings. Yesterday they stumped up another $4 million for Westonia Mines and its gold project near Southern Cross. Allegiance Mining chairman Tony Howland-Rose not only dismisses the pessimists, but argues the boom hasn't even begun. "We might be in a period of elevated activity, but we're not yet in a boom," he said.

zzzzzzzzzzzzzz

Looks like no one reads the Australian, lol I can't wait till this gets kick started, going to forget about it till it gets to 25c then will watch it rise.