what a joke jms has become, page-30

I am not a holder but am researching this company. At face value they look good.

I am not sure what everyone is complaining about. Few company's have such an impressive spike followed by such a beautiful consolidation phase. Building a nice base for the next move. If you are trader and are looking for that big gain in a day or two then why hold such a stock??

As for the Chinese JV, seems some people are putting too much emphasis on this to me.

28th Nov - Announcement about possible Chinese JV and the market did not care - sp closed down for the day @ 16 cents.

29th Nov - Announcement about possible Nickel zones found - the market reacted and pushed her up to 20 cents.

04th Dec - Announcement about massive haematite mineralization found at Brockman site - the market reacted and drove the sp from 20 cents to mid to high 30's where she has stayed apart from a few daily spikes to 43 cents.

Maybe I am missing something but the value in the company (apart from Gold and Nickel) seems to be the high grade haematite find - NOT the Chinese JV. With the high grade ore will come everything else including JV's, sales contracts or whatever.

I am no expert but I daresay those who are patient will be rewarded nicely - probably in the first half of 2007.

Any thoughts or critisisms?