nickel up last night, page-4

for those that don't read sharescene Umm my comments in reply to someone who is probably new investor to JBM but confident on the furure & someone else who thinks if the JBM's share price doesn't hold Monday something is very wrong.

my post,


Correction,
I said,

"Did the charts say when JBM was $2 that it would reach $4.60 within 6 weeks?????"

It actually took 14 weeks. sorry.

Nickel rose about 25% during that period from $4us/lb to over $5us/lb.

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Fridays trading in JBM was not dissimiliar to many other Nickel miners who also did not move in price.

Therefore talk of something being very wrong with JBM is very premature.

To also support my theory, turnover on friday was lower than thursdays.

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Jbm has never moved in total unison with the nickel price, many has been the day when JBM has risen despite falling nickel prices & fallen with rising nickel prices.

Resource upgrades are on the way for JBM.

Mine life has been JBM's biggest issue for the last year.

those problems will be solved over the coming weeks/months.


(investing/trading)

I still look at JBM as a good investment.

If you want to do quick trades to make lots of quick money there are always opportunities.

Share prices often double in day, often on lies from directors. If you make money from that good for you.

Remember the majority of people get burnt.

Is anybody losing money on JBM??? Not too many people, only some who have bought during the last 6 weeks.

I did buy shares in JBM at $4.70 late February 2004(still holding).

JBM dropped to $3.20 two months later.

I kept the shares because I knew fundamentally nothing had changed(my average buy price now approx $4.25).

I recieved a 25 cents fully franked dividend for those shares(worth 35 cents total) in August.

While those shares be in the money again come February 2005???

You betchya.

A 20+ cents fully franked dividend will come in handy too.

I've added a 5 year JBM chart for those who do have access.

I'm no chartists but that chart shows to me JBM deliver.

What you can't see in the chart is that JBM has delivered 88 cents in partially franked dividends on top of capital gains.

Future dividends will be full franked.

Jubilee mines biggest asset, after Cosmos & Alec Mairs is management.

The CEO of JBM, Kerry Harmanis owns approximately 20% of JBM shares.

Kerry has had plenty of time to take a profit.

Kerry bought $245,000 worth of shares at $3.50 six months ago(70,000 shares), 1 week before JBM hit $3.20.

Kerry has got a 25 cent fully franked dividend on that purchase since.

Chartists obviously thought Kerry was wrong so they pushed the price down.

Friday's close suggests Kerry is sitting on a $64,400 capital gain,

Kerry also recieved a $17,500 fully franked dividend on that one purchase.

Do you think Kerry is thinking about selling yet???, not on your life.


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To compare JBM with another company(always dangerous).

What did the charts say for WMR(australia's largest nikel miner) before Xstarta's take over offer?

What was the valuation by brokers on WMR before Xstrata's takeover offer($6 max)??

Of course we all know now that WMR trades for around $7 & brokers give a target price of $8.

I'm not saying JBM will be a takeover target(though Inco holds 5%) but I am saying, what a difference ONE DAY can make.

I stand by my opinion that upside from now is larger than downside risk.

Yearly lows of $3.10 will NEVER(As long as Kerry lives:) be seen again.

Yearly highs will be broken.

On which day, I do not know or really care.

Chances are when yearly highs are broken, they will be broken in a big way.

I'm not losing on JBM & am in fact doing quite well.

I'm not here to pump & damp.

If you read through the pages of post on JBM you will see the majority of negative comments appeared about 6 months ago when the shareprice was $3.20.

My average buy price at the time was $4.01(I also took some dividends & capital gains previously on top).

I kept the faith & I was rewarded.

I believe I will be rewarded again.

I am so confident I have sold many JBM shares over the last couple of weeks(taken profits) & put the money into JBM call options.

Higher risk, higher reward.

The call options are a trade, the shares an investment.

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Selling Monday

I will not be selling on Monday.

Kerry Harmanis will not be selling on Monday.

Inco will not be selling on Monday.

THE BEST IS YET TO COME!!!!!!!

cheers.

P.S , Sorry I can't sum up my opinions & thoughts on JBM in one paragraph.