Jaguar Mining Inc T.JAG

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

[Digger0144]

January 2020...this purchase alone is now a profit of 270 Million plus..
Yes...he bought at $.18 per share..outstanding! He has added since then at higher prices...he holds about 70% of the company.  It is very obvious he can sell at any time...it will all be about the right deal, right time, right place.  I made a pass...$4.50 to $7.50.
Found out about the story much too late...too busy..missed it. I have not gone back in since that pass.

All the Best!

Mining News

Eric Sprott puts C$7 million into Jaguar Mining, owns nearly half the company

 

Kitco News  Wednesday January 08, 2020 21:37

 

Kitco News

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Storied mining investor Eric Sprott purchased 39,020,500 common shares of Jaguar Mining at a price of 18 cents per share for a total consideration of C$7.023 million.

Shares were purchased by way of a block trade with a single vendor.

Given past trades with the same company, Sprott now owns 48.9% of Jaguar's outstanding shares.

Jaguar Mining is a gold miner and project developer focused on Brazil.

Sprott has been on a buying spree. Oreninc tabulates that from May to August 2019 alone Sprott financed 29 companies and invested a total of C$176 million.

[CountOfMeltedCrisco]

You might be forgetting about the 10-to-1 consolidation in late August of last year.   So his adjusted cost would be $1.80 a share but still a handsome return.  And I continue to believe he'll use Jaguar to pick up other  South American properties. 

[Digger0144]

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

[Digger0144]

By the way...that cost estimate of 50 million is more then likely about 10 million too much...I just did not want the board to think I was trying to make the numbers look better. Regards, Digger0144