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Jaguar Mining Inc T.JAG

Alternate Symbol(s):  JAGGF

Jaguar Mining Inc. is a Canadian junior gold mining, development, and exploration company. It operates in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The Company's principal operating assets are in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Mining Complex (Pilar and Roca Grande Mines, and Caete Plant). It also owns the Paciencia Gold Mine Complex. Caete Complex is located 50 kilometers east of the city of Belo Horizonte and includes the Pilar gold mine, the Caete processing plant and the Roca Grande gold mine. Its Faina project is a new underground orebody located just west of the Company’s Turmalina mine within the MTL Complex. The Paciencia complex includes two underground gold mines, Santa Isabel and Margazao, and a processing plant located within 9,000 hectares of contiguous permitted mining tenements.


TSX:JAG - Post by User

Bullboard Posts
Comment by ellgaron Feb 04, 2011 7:52pm
272 Views
Post# 18079587

RE: RE: No conviction

RE: RE: No conviction   I already rode this stock from $6.20 down to where we are now so I doubled up this morning expecting a pop from yesterdays sell off... It didn't happen and I had to make sure I didn't take more pain as I was not around to deal with it, so a tight stop loss at the 52 week low seemed like a good idea. I took the loss and dropped my average cost down to $5.85 into the weekend with what I held yesterday.

It think my stop should have been 1 cent below the 52 week but some would argue this stock is now in uncharted territory...it would not have mattered as it went .02 below that anyway......not a good sign...could see $5 if gold falls back and that's a good possibility with all the pump on the recovery.

If I miss a pop up at the open Monday I'll still go to profit quicker ($5.85)  and can judge at that point if this stock has more legs.

Gold is good, but cash is king!
Bullboard Posts