***$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.
JBM
jubilee mines nl
