re; hancock prospecting, page-22

As a indirect investor in JMS (I hold RRR shares) I find the Hancock involvement extremely positive.

In todays shareholders email for RRR Andrew Bell talks about Hancock's involvement in JMS.

All this info is in the public domain and I am sure fellow RRR holders can verify that this email was sent out today - the last paragraph is the most poignant for JMS holders. As most already know Andrew Bell is also a Director of JMS...

It is indeed food for thought and will be interested to see to what % holding Hancock are building...

"Dear Shareholder or Colleague,



We are delighted to tell you that, as the culmination of a search and targeting process that began at the beginning of the year at our 27% owned associate Resource Star Ltd (ASX:RSL), in the context of RSL’s relisting plans, we at RRR have had the opportunity to make an investment in a strategic stake in Cue Resources Ltd.



RSL remains the focus of our uranium activities, but the terms and potential of this investment opportunity were such that we doubted such an opportunity would recur.



We continue to have the strategic aim of finding a suitable, probably Chinese, partner for our uranium activities. The interest is there, but we need ‘pounds in the ground’ as the hook – or anchor – for their involvement. Our strategic interests are therefore served by this development, which should be seen in the context of our long-term plans.



Further information on the relisting of RSL will be released as it becomes available.



On another matter, there has been some comment in chat rooms and elsewhere on the growing stake by Hancock Prospecting Pty Ltd in our 27% associate Jupiter Mines Ltd. We regard this positively: they can no doubt see that first Pallinghurst and now POSCO have come on to the register, and that big plans may be afoot, and that Jupiter for these reasons is probably something worth keeping an eye on. The continuing transformation of the shareholder base at Jupiter to one made up of institutional investors is likely, in our view, to have positive price implications (at least for now), although in forming that judgement we lay claim to no greater knowledge or wisdom than possessed by any intelligent shareholder.



Andrew Bell"