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Jaguar Mining Inc T.JAG

Alternate Symbol(s):  JAGGF

Metals & Mining Gold
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

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