JBM jubilee mines nl

*********$8*********, page-4

  1. 3,792 Posts.
    ***$8*** where too now? Thanks Chefate & Jojosydney for the comments.

    They were much appreciated by Moi.

    Now that I am on my 12th can of Real McCoy Bourbon & Cola($10 per 6 pack) here is my opinion on JBM's Current shareprice & likely movements.

    Support is at $7.80, then $7.50 then $7.20.



    Huge support is around $6.75.

    $6 imo will never be broken again even if world markets collapsed.

    Volume, backed by fundamentals are the reasoning behind my opinions.

    Upside before dividend is around $8.40 if holders keep their nerve & nickel prices do the same.

    Barklays seem to to be not willing to buy in huge numbers above $7.80.

    It would take a "huge" announcent imo for Barklay's to start paying over $8 for JBM.

    If JBM can close above $8 in the next couple of day's I would think $8.40 is a certainity before the next dividend.

    If not $8-$8.20 might be the top of the range short term.

    I'm in at ~$4.25 average with the shares so not worried long term but I am still holding Late September Call Warrants so I need to take care.

    Anomaly 4 assay results I believe will provide some imputes to the share price(~2 weeks) anything else is just likely to be a bonus.

    I still think it is a bad idea to start shorting JBM & I think the majority of punters would feel the same.

    Anyway lets see what tommorow brings.

    Cheers.


 
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