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JMS - Jupiter Mines

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Appointment of Non- Executive Director
Jupiter Mines Ltd – Andrew Bell

The Board of Jupiter Mines Limited is pleased to announce the appointment of Mr. Andrew Bell, MA, LLB,
FGS as a Non- executive Director.

Mr. Bell is Chairman of Red Rock Resources plc, a company listed on the AIM market of the London Stock
Exchange Ltd, and a substantial shareholder of Jupiter Mines Ltd. He was a natural resources analyst in
London in the 1970s, then specialised in investment and investment banking covering the Asian region. He
has been involved in the resource and mining sectors in Asia since the 1990s, and has served on the Boards
of a number of listed resource companies. He is a Fellow of the Geological Society.

He is presently also Chairman of Retail Star Limited (ASX:RSL) and Chairman of Regency Mines plc
(AIM:RGM), both affiliates of Red Rock Resources plc, and of Greatland Gold plc (AIM:GGP).
 
Up 7% to 30cents today. See if it can break through this stuborn resistance level.
I had completly lost faith in JMS, hopefully this is a turn around (at long last)...
 
DB008 said:
Up 7% to 30cents today. See if it can break through this stuborn resistance level.
I had completly lost faith in JMS, hopefully this is a turn around (at long last)...
Click to expand...
It certainly looks as if we are in for a strong third runup in this stock. The past two times it was best to jump off, though one day it will do a Brockman and leave us standing.
 
Someone just then was pretty keen at 30c - bought out the whole line ($140k odd) and there's another $70k or so waiting to be filled at 30
 
Maybe its just that I've been in this stock for awhile now but I took more profits today,

I really should have bought more below 20c

Who knows they may come out with a 1Billion Tonne target , hell everyone else is (MXR EPS FDL and so on)

Something looks to be up, holding my remaing shares close to my chest
 
Wow just looked at the chart,

Very impressive, its been a steady climb from 14c bottom a few weeks back to 30c+ now

I wonder whats behind this, obviously Red Rock and the CHinese, but what exactly,

p.s. Still waiting on a 1Gagiilion Tonne Fe target :
 
YOUNG_TRADER said:
I wonder whats behind this, obviously Red Rock and the CHinese, but what exactly,
Click to expand...
There's part of your answer - Red Rock spent another $1.3m on JMS stock in the past 2 days to take their stake to 11.63%
 
Tough to know what to do with stocks that spike as regularly as this does. Decided to sell this afternoon and see what the morning brings. Any sign of the trend continuing and i'll hop back in hopefully.
 
Hey guys!
So now JMS has moved on from its past (talbot and poor management)
and is moving forward with new backing from Red Rock Resources and Haoning Group who both have major stakes what does the near future hold?
In the quarterly theres some drilling activity which should start soon including:

1)Both the Program of Works (POW) and Environmental Management Plan (EMP) have been submitted for Mt Mason and Mt Ida to conduct a combined 13,000 metre RC drill program. The Company is currently awaiting approvals, but expects to commence the drilling campaign in May/June.

2)Jupiter Mines Limited is pleased to announce the commencement of a
Reverse Circulation (RC) drill program on two nickel and two gold targets at the
Company’s Widgiemooltha Nickel Project

These results should be interesting.
 
Pallinghurst now involved? I'm a little slow on the uptake, but can anyone tell me what the association between Pallinghurst and Red Rock is?

Aren't Pallinghurst the folks that put Consmin in play before some Ukranian bazillionare came up with a rediculously high bid to win them?

Whatever is the case, good day today, closing on the 52 week high.
 
And why i did not top up when it was below .20 All part of my learning curve l guess.
Guess l'm in for the long ride now.
 
Hey Doc

Yeah Pallinghurst went after ConsMin

But why or how are they connected with Red Rock?

Maybe its an error, but it can't be, their holdings have clearly been combined

I am confused

p.s. Danny you and me both pal
 
below is an interesting article about pallinghurst, looks like they are assembling a warchest and are going to be stalking iron ore/manganese/platinum plays.


PALLINGHURST NEW LISTING

Pallinghurst along with four partners have around $1 billion to invest in mining projects and plans to raise up to $500 million more to build up assets in two other areas -- platinum, and products used for steel production such as iron ore, manganese, chrome and coking coal.

Pallinghurst itself raised $170 million through a Bermuda listing and plans to raise at least that much with a second listing in South Africa, Gilbertson said.

"There will be a further inward listing on the Johannesburg stock exchange in the third quarter to raise additional funds for the some of the projects we're expanding into."

Its four partners, each of which have injected $200 million, are South Korea's Posco, the world's fourth largest steelmaker by output, South African investment bank Investec Plc, privately held American Metals & Coal International (AMCI) and U.S. private equity fund NGP Midstream & Resources.

One further partner might join the consortium, he added.

Pallinghurst has recently taken a 19.9 percent stake in Australian iron ore exploration firm Jupiter Mines Ltd, just under the threshold at which a full takeover bid for the firm is required. "There will be further developments there in the coming weeks," Gilberton said without giving details.

Pallinghurst already has a manganese project in South Africa and is finalising plans for its entry into the platinum sector in the same country, he added. (Editing by Mark Potter/Rory Channing)
 

Not surprising, Gilbertson isn't exactly known for being passive. His rapsheet for M&A (attempted/rumoured/actual) is rather impressive-
BHP/Billiton
BHP/Rio (2003?)
Pallinghurst/Gemfields
Pallinghurst/Consmin
Pallinghurst/Faberge
Pallinghurst/Anglo

I am still confused as to how Red Rock fits in and even more so how the Chinese are likely to respond.

Or does reaching the 19.9% just mean that we're likely to see buying cool off a bit now?

Either way, its been a near continuous run since 15c and the close on Friday (400k in one order) looks promising for Monday. I wish a few more of my stocks had charts that looked like this...
 

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Hooly dooly, doctorj posts a chart!!! LOL Sensational!!! And, I agree, this looks great!! Amazining recovery the past few weeks!!!
 

Mick the interest notice mentions their just over 16%, while the article mentions that they have brought up to 19.9%.

Could there be more buying or is it something to do with T+3?
 

Well I should have paid attention to myself and been a little less willing to sell at 25c and 30c

Anyway finally sitting on a nice profit on these ones which I'm decided what to do with, let it run or bank it thats the question?

The Pallinghurst play makes everything seem that much more interesting
 
http://business.smh.com.au/investors-have-reason-to-be-edgy-20080527-2ir6.html

It all sounds a bit fanciful to me. Why use Jupiter as a vehicle for coal and manganese? Surely there would be cheaper ways for RRR or Pallinghurst to do that - eg. a junior coal or manganese explorer.

I suspect this is all smoke and mirrors. They've taken their stake as the Mt Ida drilling has started and I wouldn't expect anything more (except perhaps getting to 19.9%) from them until there are drilling results out or even a JORC reserve estimate. I'd be surprised if the iron isn't what they are interested in atleast in the short term.
 
Last three candles and especially yesterday's looks like a reversal imminent to me. More volume would have been better but looks promising.

Needs follow up for confirmation.
 

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