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Jaguar Mining Inc. Message Board

  • crazy1090631 crazy1090631 Sep 7, 2010 1:00 PM Flag

    market cap too low based upon

    reserves. This is a decent entry point so I bought 6000 shares today.

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    • 80something million shares is not an intimidating share count for a $6 stock...

      With JAG trading at late 2008-early 2009 "crash" levels I think its not a bad spot to pick up some undervalued gold shares. Despite the recent bad quarter, I think the next catalysts are to the upside. 1) Caete adding prouduction negates the downhill action at Turmalina 2) Continued M&A activity 3) Gold shares still getting strong bids underneath them

      and of course 4) continued advance of gold vs. fiats

      I am sitting tight on my JAG, yes its the worst performing producer in my port, but its carving out a bottom. When it turns things around and is $10+ again it will still be undervalued based on its long term organic growth plan and total resources. IMO, if you have a significant gold equity position its time to take some profits on the high flyers and reallocate to beaten down emerging producers and juniors. Not time to reallocate to another high flyer that is up 500% off last years lows.

0.42-0.05(-10.83%)Dec 19 1:57 PMEST

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