JMS

In 2006, it leapt from 24c to 35.5 within 15 days. If share price rises for no good reason, I sometimes sell and then buy them back when the price has settled DOWN.

I did buy them back but it went down and down and down and down after that. And during the GFC, if you want to give away JMS, no one would want it. Yet, it has decent assets.

What is exciting about JMS is Aussies are no longer the master. There is this guy who used to run Billiton in South Africa who virtually did a reverse takeover of BHP. He became the boss of BHP Billiton when it became a single entity. However, he upset the chairman of BHP and got shafted within a year.

He is now using JMS as a portal of entry into Australian mining. And look how JMS has resurrected since. I am now on >20% paper profit and looking forward to more. But this guy is only looking after his own company, so if anyone is investing in JMS, you have to know when to jump out.

The truth is I am still at a loss with JMS because I also bought its options which vaporised. So I am only only catching up. Life can be cruel!