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Jaguar Mining Inc. Message Board

  • twohander44 twohander44 Jan 2, 2013 2:46 PM Flag

    Sure hope we can get back to $1

    Then I will be even again.

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    • It can easily get back to a dollar and possibly flirt with $1.50. I sorta saw this coming. There were many days where this traded between .73-.77 establishing a floor of support. My target was .60 which I got after a fund dropped their position. On the news of financing, this should push back to $1-1.25 the threat of earnings and possible good news will continue the upwards pressure. After about $1 range many shorts will start to cover, as the momentum has changed. I'm up about 20%. I may sell 25-50% of my position and hang on for the ride.
      Considering previous offers for this company and potential output, I could see JAG hitting the $2 mark if management executes and the company can make it until the end of the year. Once they open up their mine in standby I would expect $3-4, if management can execute and keep production costs down.
      So there's a little hope. Tiny, minuscule amount but there's potential for price appreciation. People spouting targets of $9+ are just dreaming. A take out bid was made for that amount based on the assumption of 400k oz production potential. 2013 they're expecting 100-115k oz, assuming one mine is still in standby-maintaince. If it were open it could contribute an additional 50k oz. Then the fun could begin.

      Sentiment: Hold

    • Me 2 but we will need to see this $2,000 gold to see a substantial risk reduction for JAG over the next 2-4 years. Anyway, I am not giving up on my position, either JAG makes it or doesnt, I wont consider selling unless it goes over $1.50

 
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0.5468+0.0045(+0.83%)Sep 22 1:05 PMEDT

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