five possibilities
1. If the CEO want to sell the company, the board does not want to sell. The board should start serach for a CEO now. So this is not possible. The board want to sell.
2. If the board want to sell, but the CEO does not. CEO quit, this is possible.
3. If there is some accounting or other problems, it is possible.
Question: When did the CEO know the offer? when did the CEO inform the board? When did the CEO know all the previous production problems? when did he inform the board? The CEO has made a mockery of the board. The board decide to save themself from further missery, they decide to put the company on an auction block.
4. The CEO may want to take JAG private.
5. We may get a big production snag soon.
I believe that we may see either giant offer from some one, or a real giant production problem, such as cracked foundation under the primary grinding mill.