SeeTheLight

Jaguar Mining's Unexplored Territory

Happily I own the 2012 notes, which got a lovely pop off the news. If Jaguar hits that target of 14 then the new convertibles will be a very nice return as well, although I will miss the 10.5% on the current notes when compared to the 4.5% on the 2014. It isn't clear how they plan to do the buyback of the 2012s, open market, direct buyback with a premium or early redemption on 03/22/10. Still might be an opportunity to buy more if you plan to park your cash for a few months and wait out this market.

Good Luck all