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Jaguar Mining (JAG +7.3%), which fell on Wednesday following its CEO's unexpected resignation,...

Jaguar Mining (JAG +7.3%), which fell on Wednesday following its CEO's unexpected resignation, is rallying today after issuing an update regarding its strategic review. The update suggests the company is open to selling itself, but doesn't provide any guarantees. Chinese miner Shandong Gold offered to buy Jaguar for $9.30/share in November.
Comments (2)
  • HATEFEEBAY
    , contributor
    Comments (142) | Send Message
     
    This company is so undervalued with their assets it simply is CRAZY! The stock should be $30 a share if the management had their act together. Their CEO should have resigned a LONG time ago. I am long JAG and also HEAVY into it and see no reason this stock is at this level, even with the very poor management and lack of reasonable communication from JAG. The assets in gold of the company are so large that no matter how poor the management is/was, this is worth a lot more than $9.30 a share. Why this stock is not near the $9.30 a share level defies comprehension.
    17 Dec 2011, 12:14 PM Reply Like
  • PNG
    , contributor
    Comments (34) | Send Message
     
    If management cannot efficiently or financially develope the resources they have in the ground and there are no other bidders at better than 9.30 a share then they had better take it and move on before they get to the point that necessaty forces them to sell out at a lower price.

     

    The Chinese are in no hurry to make decisions, in any of their affairs. Time is irrelevant to them. They will wait a situation out and only seal a deal faster if they feel they may loose out. Also, JAG is not the only miner out there that can be bought up.
    29 Feb 2012, 11:37 AM Reply Like
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