You're Clueless When I Comes To Mining Co. Buyouts
On 15 November 2011, Shandong, based on their own analysis, determined that owning Jaguar was worth $1B total.
Since then nothing has changed to effect that analysis, if anything the continuing information from Gurapi is increasing the value of Jaguar.
Shandong and any other interested buyers: They AREN'T interested in the share price. They AREN'T interested in buying the BOD. They AREN'T interested in current equipment. Thay AREN'T really interested in the quarterly sales or earnings.
They ARE interested in the gold in the ground. That's all. They ARE probably a little interested in the current licences, etc. with the Brazilian government. They ARE probably a little interested in the operating staff on site.
This is no different from buying a house. When you go to buy a house, do you care who or how the previous owners lived? Do you really care if the refrigerator does or doesn't work? Do you care how the previous owner financed the house?
So all your stupid estimations based on current share price is totally illogical.