Seeking Alpha
  • Michael Kudrna
    $JAGGF CEO leaving causing shares to trade down premarket. Will look to add to position if it nears my stop loss, low risk high reward $$
    12/7/11
    Reply (15)
    • losbronces: That actually makes sense for him to leave if they are going to be bought. Lots of opportunities in gold right now.
      12/7/11
    • cheme: Why would he leave if the the deal is real? Wouldn't he get a liquidity event upon deal closure? Doesn't make sense.
      12/7/11
    • jason2788: was looking at this again.
      12/7/11
    • Michael Kudrna: he could have been a block to getting the deal done, that was my gut feeling. very high volatility, almost got stopped out
      12/7/11
    • jason2788: What worries me is the massive volume. this is much different than y'day's down move.
      12/7/11
    • Michael Kudrna: just loaded up at 6.99, stop loss very close behind, low risk high reward
      12/7/11
    • Michael Kudrna: stopped out at 6.90 just now
      12/7/11
    • cheme: Been over a month since deal was announced, still trading at sig discount. Highly skeptical.
      12/7/11
    • jason2788: I bought 6.80 very small.
      12/7/11
    • Michael Kudrna: you must have had that bid in early to get at 6.80, barely touched it and not many shares traded there
      12/7/11
    • jason2788: actually it went in at 7.8294, bah. When I hit execute i guess someone bid me up 2 cents ...
      12/7/11
    • losbronces: Cheme>depends on how his contract was structured. He may be opposed to sale & got a golden handshake to leave.
      12/7/11
    • losbronces: Anyway, I've doubted the $9+ from the beginning. No due diligence done yet since offer was unsolicited.
      12/7/11
    • losbronces: During due diligence, you can always find reasons to reduce the price. Two geologists & same resource gets you different numbers everytime.
      12/7/11
    • Michael Kudrna: All I can say is I have my popcorn in the microwave and Im going to watch some fireworks. I want to see how this plays out
      12/7/11