Jutt Holdings Ltd - very low risk punt

[steve fleming]

With plenty of spec money now returning to the market, there is plenty of opportunities to grab a few multi-baggers but one of my favourites is Jutt Holdings Limited, and i have been patiently accumulating a few JUT and JUTO over the last few weeks.

A very aggressive junior explorer with a number of prospects that it is progressing rapidly.

JUT has potentially found Australia's latest Massive Sulfide province (Cu/Zn/Pb & Ag)!!

According to its MD -
“We are extremely encouraged by the results of our drilling program
to date. To see massive sulphides and similarity to our previous high
grade results is truly exciting. We are on target with getting a JORC
resource on our Liberty Indee Evelyn prospect and as soon as we get
the full assay results, we are confident in moving to the next level.”


The thing is its current Market Cap, @6.6cents, is $2 MILLION!!!

So say it re-rates to a $12m market cap = easy 5 bagger

Say it re-rates to a $24m market cap = easy 10 bagger

Too easy

Broker report:
http://www.juttholdings.com/downloads/broker/jut_br20070801.pdf

[Huang Chung]

I'll have a look at this one Steve.

Sounds just like my Prairie Downs Metals, but on an even smaller scale.

Cheers. ;)

[tommy]

Hi, what is exercise price of JUTO?

Thanx in advance :-)

[mark100]

JUTO has 20c exercise price and 31/7/09 expiry.

Keep in mind JUT are carrying out a 1 for 3 rights issue at the moment at 6c. Shares went ex-entitlement last week. Participants in the rights issue will also get a free option (probably to be named JUTOA) which will have 10c exercise price and 15/6/09 expiry.

So after the rights issue and the recent placement shares there will be around 49m shares on issue giving a market cap of $3.2m at a share price of 6.6c. Still very low.

Other then the poor overall market, was there any specific reason for the large share price fall in Feb-March?

[steve fleming]

Another interesting aspect to this company, is that it has a subsidiary JURANIUM LIMITED.....there are plans to IPO JURANIUM on the ASX in 2008 - creating further shareholder value.

[mark100]

stevefleming, I think the Juranium has been pulled based on this comment in the latest quarterly.

"Tenement holdings in Juranium Limited have been retired owing to adverse market
conditions to list Juranium Limited with a refund on tenement costs due."

[steve fleming]

Continues to go from strength to strength.

Very respected CEO/investor Craig Burton has just taken a 6.4% stake.

http://www.businessspectator.com.au/bs.nsf/Article/Craig-Burton-buys-42m-Jutt-Holdings-shares-FH5G6?OpenDocument

Well funded now, with a quality Board being put togethor.

[steve fleming]

So say it re-rates to a $12m market cap = easy 5 bagger

Say it re-rates to a $24m market cap = easy 10 bagger

Too easy

Broker report:
http://www.juttholdings.com/downloads/broker/jut_br20070801.pdf

Almost got the first bag.

Nice summary from 'flatchat' on HC.

"Look at the strong position Argonaut Ltd has taken and their man Michael Mulrony is on board. Then Craig Burton of Herculeys Energy which was strongly associated with Argonaut. Argonaut are using company funds and as far as I can tell investors funds. Mulroney is a geo and has experience with the type of deposits Jutt holds. Argonaut invest in $30M + cap companies.(Jutt about $5m) It all adds up to very high confidence that Jutt will become much bigger. As I said before core samples can give great optimism prior to analysis but of course its still speculation up to results time. Is it possible Mulroney has seen the Core samples and previous results and is excited?? I think punters could do far worse than getting into Jutt right now. A few more weeks b4 results out.
This is all my own speculation and ramblings and I could be wrong again :)"

[steve fleming]

Continues to go from strength to strength.

Very respected CEO/investor Craig Burton has just taken a 6.4% stake.

http://www.businessspectator.com.au/bs.nsf/Article/Craig-Burton-buys-42m-Jutt-Holdings-shares-FH5G6?OpenDocument

Well funded now, with a quality Board being put togethor.

I'm starting to get quite excited about this company.

In the last month we've seen:

1) Argonaut increase their interests to 10% and appoint one of their top guys onto the JUT board. " Argonaut is an integrated Investment Bank with Corporate, Stockbroking & Research and Funds Management divisions, based in Perth, Western Australia.Across its operating divisions, Argonaut focuses on natural resources companies, and businesses that service the natural resources sector, with market capitalisations between $30 million and $1 billion." Argonaut is one of the most respected Resources corporate advisors in WA.

2) Craig Burton has taken a 6.4% stake. "Mr Burton is a director of Mirabela Nickel Ltd, Albidon Ltd, WildHorse Energy Limited, Matra Petroleum plc, Livingstone Petroleum Limited, Bluefire Energy Limited, Exco Resources NL, Capital Drilling Limited and Rewards Group Ltd."

3) Prominent stock-broker Ivor Findlay tried to obtain control of the company (& failed).


Which therefore begs the question: why all this interest in an under-the-radar exploration minnow which has barely been listed a year?

[shasta]

I'm starting to get quite excited about this company.

In the last month we've seen:

1) Argonaut increase their interests to 10% and appoint one of their top guys onto the JUT board. " Argonaut is an integrated Investment Bank with Corporate, Stockbroking & Research and Funds Management divisions, based in Perth, Western Australia.Across its operating divisions, Argonaut focuses on natural resources companies, and businesses that service the natural resources sector, with market capitalisations between $30 million and $1 billion." Argonaut is one of the most respected Resources corporate advisors in WA.

2) Craig Burton has taken a 6.4% stake. "Mr Burton is a director of Mirabela Nickel Ltd, Albidon Ltd, WildHorse Energy Limited, Matra Petroleum plc, Livingstone Petroleum Limited, Bluefire Energy Limited, Exco Resources NL, Capital Drilling Limited and Rewards Group Ltd."

3) Prominent stock-broker Ivor Findlay tried to obtain control of the company (& failed).


Which therefore begs the question: why all this interest in an under-the-radar exploration minnow which has barely been listed a year?

Short term chart is looking interesting, only thing that worries me is the apparent lack of liquidity (most days < 100k traded).

Might make a small play, & wait for a sub 10c entry, or the options sub 3c

[steve fleming]

This morning I have been proivded with a copy of an excellent research report on JUT, dated 10 June 2008, by RMWise Research.

"OUTLOOK





Results from a 12 drill-hole program at the Evelyn Project in March 2008 extends

poly-metallic mineralisation – i.e. Cu-Zn-Pb-Au-Ag system – beyond the known
strike length of 300m and at depth of 200m. The drilled Evelyn EM anomaly is part
of a wider corridor measuring over 6km in length (Fig 3 & 4) which should yield
further discoveries. Up to 4000m of RC and Diamond drilling is planned during the
2Q 2008 at the Evelyn Project and will both affirm historic results and expand
current mineralisation. RMWise Research is confident that the Company will
identify a significant poly-metallic resource at Liberty –Indee.






Jutt is currently progressing with drilling at its Onslow Project and has secured an

RC drill rig to test the Turtle prospect. The results from this program are likely to
confirm historic pre-JORC mineralisation, paving the way for a JORC resource
definition through further RC drilling during 3Q 2008;


RMWise Research considers that with the structural setting of both the Range and Turtle



Prospects and the electromagnetic and geochemical work undertaken so far on both
prospects the Company will be successful in delineating an initial base metals resource at
Onslow.






RMWise Research has a target price of 20 cent on the back of exploration success at Onslow and additional results from Liberty Indee."

[SMan]

With heads at 11c the 10c options (JUTOA) are only trading at a 4c premium (highest trade 5c) whilst the 20c (JUTO) options are trading in the 3-3.5c range. A potential multibagger with the JUTOA I think.

[axion]

The problem with JUTOA is that it's largely held by the top shareholders, I think I read somewhere that 75% of it is held by them, so it's fairly illiquid. Well, that's a problem getting in. I'm sure it's nice having a relatively illiquid options when the heads are moving a bit.

[SMan]

The problem with JUTOA is that it's largely held by the top shareholders, I think I read somewhere that 75% of it is held by them, so it's fairly illiquid. Well, that's a problem getting in. I'm sure it's nice having a relatively illiquid options when the heads are moving a bit.

Almost 200k currently on offer at 5c.

[steve fleming]

JUT up 50% over the week, and my JUTO are now up almost 200%, but this looks like this could just be the beginning.

We could be looking at a very substantial resource here at Evelyn (potentially in excess of 3Mt!).

The anomalies (42 of them!) have been identified, and the initial drilling and EM surveys have raised everyone’s confidence.

JUT have identified a target resource of 3Mt + , with JUT’s stated aim to become the next Jabiru (JML), given the geological similarities (VMS) between Jaguar and Liberty Indee.

It does sound far-fetched at this early stage, but the initial drilling has been excellent (including the recent hole of 19m @2.6% Cu and 5.1% Zn) with lead, silver and gold credits as well. The company is well funded and well supported.

Certainly Argonaut would not be interested unless they thought that the potential was justified.



Nice presentation today:



http://stocknessmonster.com/news-item?S=JUT&E=ASX&N=300764

[steve fleming]

The anomalies (42 of them!) have been identified, and the initial drilling and EM surveys have raised everyone’s confidence.

JUT have identified a target resource of 3Mt + , with JUT’s stated aim to become the next Jabiru (JML), given the geological similarities (VMS) between Jaguar and Liberty Indee.



The 3Mt is perhaps not as far fetched as one may think.

"The drilling results have confirmed the existence of a significant polymetallic VMS system over a strike length of 700 metres. The mineralisation remains open in both directions and at depth. "

And that is just one of 42 targets!!!!

http://stocknessmonster.com/news-item?S=JUT&E=ASX&N=302082

[steve fleming]

Hit 20 cents today - making it a 2 bagger in 2 months.

Pretty pleased about that; given the market conditions, makes up for some other shockers!

Hope some others managed to get on board!

[Lizard]

Well done, Steve!

[mark100]

Well done Steve. When you first mentioned JUT I had a look and thought it was too cheap and there must have been a catch! Didn't follow it up further and missed out on some nice gains...

[steve fleming]

Cheers Liz, Mark.

Its nice to have some decent green amongst all the red!

[SMan]

Hit 20 cents today - making it a 2 bagger in 2 months.

Pretty pleased about that; given the market conditions, makes up for some other shockers!

Hope some others managed to get on board!

Make that a 3 bagger for JUTOA! I will be keeping all until at least early next year.

[Huang Chung]

Good work Steve...I window shopped, but unfortunately didn't buy.

[I.T.Ancient]

Yes thank you steve. I got in at 8c after reading your posts & researching.

[underDOG]

easy come and go, hope you sold a few SF

JUT JUTTHOLDGS FPO 0.130 -0.060 -31.58% 0.140 0.160 0.180 0.180 0.130 22 578,230

[steve fleming]

easy come and go, hope you sold a few SF

JUT JUTTHOLDGS FPO 0.130 -0.060 -31.58% 0.140 0.160 0.180 0.180 0.130 22 578,230

??

Said on my first post that this is an easy 5 bagger - not getting caught out selling too early when its only a 1 to 2 bagger!

When it hits a market cap of $20mil, which i reckon is pretty fair value, i will reassess.

[underDOG]

??

Said on my first post that this is an easy 5 bagger - not getting caught out selling too early when its only a 1 to 2 bagger!

When it hits a market cap of $20mil, which i reckon is pretty fair value, i will reassess.


hmmm

up 90% today:D from 1c;)



quite a ride, probably one of the worst falls I have seen ever

[underDOG]

time to change another thread title:(

in Trading halt for restructure to capital raising


at 1c, JUT MC was worth around $500k recently:eek:

[underDOG]

well this looks like ****eee

TH still

$1m MC



Steve, whats up?????????????

[underDOG]

??

Said on my first post that this is an easy 5 bagger - not getting caught out selling too early when its only a 1 to 2 bagger!

When it hits a market cap of $20mil, which i reckon is pretty fair value, i will reassess.


Steve, whats up with you and JUT?


is it a gonner?