jms bargain buying, page-16

So lets summaries JMS value once more for all the down rampers. Lets see all that has happened is Klondike is potentially going to production, Nickle holdings have been increased as they feel the nickle is there and the "company makers" like Brockman etc have either returned fantastic results or haven't been really touched yet. And I am to believe the fundamentals aren’t intact? GET REAL!!!

Is the SP undervalued JUST on fundamentals (forget the potential upside)? YES!!! If the company wants to create some income from non core assets in the mean time to fund its iron ore prospects I see no problems with that. Do I think JMS is good buying? YES!!!

So what’s the problem? Two things one the down rampers who want this stock for the 14c – 16c and have created a self fulfilling prophecy. And two holders who have believed it all and have been selling off to re-buy lower again and again, driving the SP lower and lower. The image of the snake eating its own tail springs to mind. Do I think this is ridiculous? YES!!!

And what has been the best the down rampers have come up with. Firstly options, JMS gives out options to the directors. I have never heard of this practice before, perhaps I should avoid buying companies that give out options? Then of course I would be buying NOTHING!!!

Secondly the native title issues which have slowed the Beasely drilling down. Something anyone could have found out about by just calling. Perhaps the down rampers did know about it. If I did I can’t see why they wouldn’t so why have they said nothing? Do I think this is ridiculous? YES!!!

But most ridiculous of all do I think talking the stock down to 14c – 16c to get your stocks cheap ridiculous? YES!!! And why buy up such a “bad” stock at these levels? To clean up at your EXPENSE!!!

The sad thing is that most holders 99% are decent posters it’s just the 1% with undisclosed agendas that ruin it for everyone else. It’s not the first time I have seen this done and it won’t be the LAST!!!