Jaguar Mining Inc T.JAG

Equinox Gold buying premier gold

[investor74]

This is exactly what will happen in this part of cycle. Small juniors intermediate producers will be bought nd consolidation will occur a cross the board. Jaguar will be bought shortly Imo OR they will need to grow to the 200000 oz/yr to become interesting. Good times ahead. Same for large seniors....like Barrick....they need to find ech year 10M oz of gold just to maintain it's production level!! I still maintain Yamana Gold will buy Jag. BEST COMBINATION.

https://www.kitco.com/news/2020-12-16/Equinox-Gold-to-buy-Premier-Gold-in-all-stock-deal-valued-at-C-611-million.html

[Golder007]

how is premier gold with negative free cash flow and loads of debt, a hedge books, gold prepayment loan etc... valued at 600M? JAG should be $1B.

[investor74]

I fully agree. Personally, I would not have touched it. I don't like their acquisition. Again, imho, another company that falls into "buying ounces at any cost" without consideration for shareholders. I much prefer JAG's method, no debt, increasing internally the ounces at very very low cost, paying dividends, etc, etc. No wonder the poor share price behaviour of PG. We