RE:RE:Re: ConsolidationRecently went through consolidation with VIT (VGCX now), different circumstances, however, good management following through with a plan step by step is similar to JAG. Adding to VIT before consolidation worked out for me then. I favour the cheaper shares and added today. Seems like there was an attempt at a falling gold price fear campaign over the last few days. I’m not worried, a covid vaccine is a long way from being approved in North America, there will be several more quarters of terrible financial numbers and regardless of who wins the US election in November, there will be uncertainty for months. As for Jag’s future...Production rate at 94000 oz's per year, no currency or gold hedges, AISC at $882, share consolidation 10 to 1 coming soon, exploration headed in the right direction, and now...a $.08 dividen. I realize this is the first quarterly dividend announced with no future dividen scheduled, however, it is significant in the dividen world. $.08 can with 72.4 mil shares out and a SP of $6.50 gives you a return of $1.2/ $100 invested. KL has a $.166 can div or $.258/ $100 invested and ABX has a $.106 can div or $.304/ $100 invested. Top it off with a canadian listed gold company, virtually debt free with a MC under $500mil...seems like there is a lot more room to grow.
All the Best