June 17th.. close at 0.72$
November 5th.. close at 0.11$

 

JML - 51-101 - STRONG BUY

coffintrader 5

6/17/2008 3:20:12 PM | 173 reads

 

Ceo just called me as i was waiting for his call. I dont do this often but I am issuing a STRONG BUY on JML here ahead of results. The news is gonna be in the billions of cubic feet. So please keep that on this board only.

I bought more today after speaking with him. Tight float, it will move fast when it does.

Coffin  

 

RE: JML - 51-101 - STRONG BUY

coffintrader 5

6/17/2008 9:25:09 PM | 138 reads

 

I dont pay much attention to the bashers out there. The Ceo called me earlier today and mentioned to me that the 51-101 has come in well over what was expected. Lac St. Jean is one of their major properties with huge company maker potential that is actually out to the west a bit and could cause a staking rush around them with any major hits.

JML was the first to this area years ago and has secured prime land in what they believe to be the best locations. He mentioned to me that Lac St. Jean has billions of cubic feet of shale gas and oil. It is 8 miles long x 1 mile wide x 70 feet thick which is quite impressive and a major strike length of hydrocarbons.

Temiscouta could also be even better the Ceo says because its right in the middle of an older formation called the Devonian formation well known for major hydrocarbons. Squatex had a producing well years ago and they are surrounding our property so we know there is a good payzone nearby.

With only 24 million shares free trading and management holding the other 6 million (20%), JML could have alot of legs going forward.

Again, please keep this info strictly in this group and off the JML board out there!!

Its an excellent buy at this level before it heads alot higher on news and further developments.

News is expected probably for Thursday, he mentioned he wants to get it into the tsx before the end of the week.


Coffin

 

RE: JML - 51-101 - STRONG BUY

coffintrader 5

6/17/2008 9:58:27 PM | 136 reads

 

That i am not sure, it seems like he wants to get everything together first and then present it to a major at which they could JV and they would pay for most of it but he has told me that Pinetree Capital and a company called Power One has contacted him and wants to throw money at the company but he wants to keep dilution to a minimum, so raising money isnt an issue.

Coffin

 

RE: Coffin6

coffintrader 5

6/17/2008 11:33:22 PM | 97 reads

 

Yes and thats why I own PCQ and have been in the stock for quite sometime now since .38 cents.

JML is unknown to most of the public, so once the numbers are out it will be a different story. I like finding these stories before the funds and big brokerage firms start accumulating them and putting targets on them. It also has only 30 million shares rather than 74 million with PCQ.  I like both companies but i believe JML is more explosive.start accumulating them and putting targets on them. It also has only 30 million shares rather than 74 million with PCQ.  I like both companies but i believe JML is more explosive.

It has had steady volume around 350 - 400k per day. Give JML a day with over 1 million volume on excellent news and it will be MUCH higher.

Coffin

 

RE: JML

coffintrader 5

6/18/2008 12:27:20 AM | 125 reads

 

JML under .80 cents is a good buy but try and pick it up on some sort of dip if u can.  Alot of bids came flying in today because I am sure I was not the only one that the Ceo has mentioned the coming news too and that it came in with alot higher numbers than expected in the billions of cubic feet nat gas.

The numbers in the 51-101 are going to surprise alot of people so getting in before that rush is a good idea.

Coffin

 

RE: Hi Coffin

coffintrader 5

6/18/2008 12:55:46 AM | 125 reads

 

51-101 will prove up JMLs potential this week upon their release of news. We will await results,  i have been given the heads up by the Ceo that the numbers are in the billions of cubic feet just at Lac St. Jean, one of ther three properties( 932,000 acres) so for a $21 million market cap , there is alot of upside to the story.

Coffin
, there is alot of upside to the story.Coffin

 

RE: Any Suggestion

coffintrader 5

6/18/2008 11:50:42 AM | 106 reads

 

Its always good to enter on any weakness, it seems like they wanna hold it at .85 , Union is also in there with a bid so they view it a good deal at this point if they want to buy here. The low .80s would be a nice entry point but .85 isnt so bad either.. its a different of a few cents and news will push it higher.

Right now they are buying the .88 offer so we will see where it goes.. Nice to see its holdng at the top of the trading day with 868,000 volume.. Almost 1 million in just over 2 hours.
 
Coffin

 

RE: Any Suggestion

coffintrader 5

6/18/2008 12:07:44 PM | 112 reads

 

PCQ will move nicely on news when they decide to put it out. The closing of the Squatex deal will push the stock alot higher. Many think that the PP or Squatex deal might not go through that is why there is selling there and some are impatient but i have spoken with the guys over there and the deal is pretty much done. So its an excellent spot to pick some up on weakness.

PCQ traded to $1.80 without any closing of this news.. so I believe it will head back up there on closing of news and any other major hits in the area.  Im Holding!!!

JML will trade over $1 dollar shortly. Its a much tigher float and as i glance over at Level 2, it has trade 964,000 shares so far today.. Just under 1 million is some very good accumulation ahead of reporting.  The market cap is still around $23 million so it still has alot of legs.

Basically an example. If it were to move to a $50 million market cap which would still be considered cheap, that is a double from todays prices and once these things go over $1 dollar funds tend to like them more as some are restricted to buying under $1 dollar.

Exciting times are coming!!

Coffin

 

RE: forecast

coffintrader 5

6/18/2008 2:18:51 PM | 93 reads

 

things are looking real good.. Its holding strong around .81 , 82  with the offers pretty thin.. almost 1.5 million volume today and a bunch of stock going into the hands of the stronger brokerage firms.

I believe they will run it at the end of the day once all the traders are out.. nice dip to pick up more

Coffin

 

RE: My first trade

coffintrader 5

6/18/2008 2:52:03 PM | 97 reads

 

Nice, good entry point. News shall be out soon.

Dont let anyone shake you out of your shares, but also dont forget to take profits on news aswell.

I wont be selling anything under $1.   The tight float allows it to trade much higher and still have a small market cap. Once investors see the numbers on the 51-101 that have blown expectations, there will be a rush into the stock and thats when you want to sell half and ride the rest as we are in before hand.

Coffin