$5.20 before 31 august 2004

It's not gonna happen is it.

In my defence. Several factors.

*Nickel dropped over 5.3% in USD since JBM announced dividend.

2 days Nickel down 5.3% JBM up 3.86%

*Dividend was lower than I expected I did think 30 cents partially franked was a conservative estimate. A 30 cents dividend would have meant 10% yield at $5 not $4.50. However full franking is nice.

*Dividend announcement Thursday 19/8 ex dividend Thursday 26/8. What the F**k. Normally they take 2 weeks. Its not enough time to get the news & story out to everybody.

*I was upto today not sure which day was ex-dividend day. I have still not read the Full year report only whats on JBM's website.

My original post

Subject *****$5.20 late august 2004*****
Posted 05/08/04 15:08 - 211 reads
Posted by Tom924
Post #336212 - in reply to msg. #336103 - splitview

Hi guys.

JBM is on target to reach over $5 later this month.

The dividend price spike is very predicitable.

*1200" target drilling results are due end of the month.

Nickel prices will rally.

cheers.


At the time JBM's price was $4.38.

Has anyone lost money?????????????

*The big drop after ex-dividend.

JBM didn't go up so far this time & so it will not (if at all) come back down so far.

The last ex-div drop coincided with nickel prices going from $7us/lb to $4.75us/lb.

Now, Nickel prices are rebounding & looking to test $7us/lb shortly & maybe even 1988 highs of US$10.84/lb.

JBM is now better positioned than 6 months & the chart might behave more like the JAN-JULY 2003(2 year chart) than any how it has over the last year.

It's great times ahead for JBM. NPV is moving up big time, it's just a matter of recognition. Earnings are not a problem.

At the moment it looks like a dividend of 25 cents Feb 2005 is on the cards.

For more information check one of my other posts,

Subject ******$8 in april 2005*****
Posted 05/08/04 01:50 - 255 reads
Posted by Tom924
Post #335596 - in reply to msg. #335224 - splitview

My preliminary calculations show JBM is very likely to be $8 in April 2005.

NPV will not be a problem when Anomaly 1 starts producing 15,000-20,000 tonnes per annum.

Cosmos will be producing higher outputs with "1200" target Nickel & extended mine life.

Dividends will remain above 7%

I expect P/E to remain a respectable 8 to 1.

Nickel will average over $5 US/lb.

For Non Holders of JBM, i'd suggest now might be a good time to buy.

Cheers.


I'm staying in for the long haul & collecting the cheques every 6 months.

I might take some capital gains later. What's the rush??? Some spec stock just about to take off???? What!!!!another pump & dump!!!!!

Not me mate this one is a winner.

Tom.