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Shares of Jaguar Mining (JAG) shed another 1.6% as a 52-week low is less than a quarter away. A...

Shares of Jaguar Mining (JAG) shed another 1.6% as a 52-week low is less than a quarter away. A note from dealReporter tips off that the company is struggling to find a buyer.
Comments (1)
  • ddearborn
    , contributor
    Comments (124) | Send Message
     
    Hmmm

     

    So gold has doubled in value and yet all these miners still are losing money. It would appear that the profits have been made how could they not when your product doubles in retail price. So the question is where is the money? The short answer is in the pockets of management and insiders. People operating costs did not double in the last 18 months. Perhaps they are up 20% in total. So clearly the money is somewhere. But the thing of it is that the owners (you know the morons that actual bought equity stakes in the company via common stock) have gotten taken to the cleaners.
    15 Apr 2012, 04:51 PM Reply Like
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