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Jaguar Mining Inc T.JAG

Alternate Symbol(s):  JAGGF

Metals & Mining Gold
Jaguar Mining Inc. is a Canada-based junior gold mining, development, and exploration company. The Company is operating in Brazil with three gold mining complexes, and a land package with upside exploration potential from mineral claims covering an area of approximately 65,000 hectares. The Company’s principal operating assets are located in the Iron Quadrangle, a greenstone belt in the state of Minas Gerais, and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant). The Company also owns the Paciencia Gold Mine Complex, which is located approximately 80 kilometers southwest of Belo Horizonte. Its operations are located in the Iron Quadrangle, a prolific greenstone belt near the city of Belo Horizonte in the state of Minas Gerais, Brazil. The Company's Brazilian assets and operations are held by its subsidiary, Mineracao Serras do Oeste Ltda. (MSOL). Its projects also include the Pitangui Project and the Acurui Project.


TSX:JAG - Post by User

Jaguar Mining Inc > Eric Sprott...Holdings Jaguar...How it started...
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Comment by Digger0144on Mar 15, 2021 3:21pm
135 Views
Post# 32800542

RE:RE:Eric Sprott...Holdings Jaguar...How it started...

RE:RE:Eric Sprott...Holdings Jaguar...How it started...Hey Count...

I had to go back on my notes for this one...you are absolutely right about the share consolidation.
The real action began on June 8, 2019 when Eric Sprott purchased about 236 million shares of JAG @ $.085 per share...20 million dollar investment.
He presently owns 62.2 % of the outstanding shares which is about 72 million...gives him a total of about 45 million shares.
His position using $7.00 per share is worth 315 million.  I am going to use his approximate cost at about 50 million...his profit stands at approximately 265 million.
It is very obvious who is in control here...Eric is the boss!
I would love to know what his intentions are...the stock is very much undervalued...but...what would a potential buyer pay up...this is more then likely the only way Eric is going to get out of this investment.  It all depends on the price of gold...he is a bull...he may hold onto it moving forward.  However, there is always the right price that will motivate him.
This investment must be based on what you think gold will do and further what Eric will do...the latter being the most dominant factor.
Very nice play here moving forward!

P.S. Sorry...should of spent more time before posting.

Jaguar Mining Announces a USD$25 Million Non-Brokered Equity Private Placement Offering (newswire.ca)


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