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Shandong Gold, parent of China’s second-largest gold producer by market value, reportedly...

Shandong Gold, parent of China’s second-largest gold producer by market value, reportedly makes a $785M offer to buy Jaguar Mining (JAG). Shandong is said to have bid $9.30/share, a 73% premium to JAG’s Tuesday closing price of $5.39. JAG +47.5% premarket.
Comments (2)
  • As a larger shareholder, this is still too low for the proven reserves let alone implied reserves. JAG has to admit poor management here, but the gold value alone makes this a $17 stock all day long and $21 under effective management. This stock has been beaten down so much and management blaming everyone but themselves has caused many investors to run. This company will scream a huge turnaround under the right leadership, but at $9.30 a share it is still too low-period.
    17 Nov 2011, 06:32 AM Reply Like
  • I am wondering for some time now, why with the underlying value, these shares have not been twice the price they were a week ago.
    Lets hope this sale/purchase will go through, and see what happens in the following 3-6 month.
    17 Nov 2011, 01:57 PM Reply Like
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