I am going to go with.... Accenture's Employee Share Purchasing. The ESPP ends today and the company buys shares of up to 10% total salary for 200,000+ employees. Sell off this week after forced buying stops+ employees sell.
Probabaly send it down... no news for this company is not good news, even if it was what everyone was expecting. We wont actually see any turn around until Q3. Hope you are in it for the long haul.
"Costs spiraling out of control with no end in sight."
You are right, hence the .75 PPS. But do you think there is NO chance they can reduce their costs? Especially after all of this poilitical noise? IF so WHY?
"COO blown out - telltale sign of another production disaster this quarter."
This is not a fact, this is your assumption
"Nobody is going to lend this guys another nickel until they can prove out Gurupi and get their management house of cards in order. Niether of which appears likely anytime soon."
Really, are you speaking for every bank in the world? Do you realize what we lend to now a days? Believe it or not, there are far worse investments recieveing loans.
Even if the Cash goes to 33 M, please specify how that translates to bankruptcy.
Despite what people say, you are correct. JAG will not go bankrupt. If you look at stockmavens response there are no actual facts as to why JAG will go BK anytime soon. JAG has until 2014, and even then they could look at financing options to extend their lifeline. The price is down now due to all of the uncertainty and changes in Management. Bristol's complaints didn't help, but eventually the market will have to give JAG's price a bump due to pure valuations of the assets and potential for recovery.
Anyone take a look into this guy? Experience of previous companies he has turned around?
He does have a quite a lot of experience....
Mr. John Edward Andrews, P.Eng. served as Technical Advisor, Corporate Affairs and Member of Management Team of Beartooth Platinum Corp. Mr. Andrews served as the President and Chief Executive Officer of Amerix Precious Metals Corp. from September 5, 2003 to January 23, 2007. Mr. Andrews served as the President and Chief Executive Officer of Beartooth Platinum Corporation from October 2001 to August 2003. Mr. Andrews was involved in various senior managerial capacities ... for over 30 years with several public resource companies in the United States, South Africa and Canada. From 2000 to 2001, he served as Consultant to a number of precious and base metals mining companies including Beartooth Platinum Corporation. He served as Principal of Andrews PGM Consulting. He served as the President and Chief Operating Officer of Stillwater Mining Company from 1993 to July 1999. He has more than 40 years of executive and mining operations management experience in the precious and base metals industry in the United States, Canada, South America and Africa. Mr. Andrews served as Chairman of Amerix Precious Metals Corp. and served as its Director since September 5, 2003. He has been a Director of Eastern Platinum Limited since October 4, 2007. He has been a Director of Jaguar Mining Inc. since November 2011. He served as a Director of Beartooth Platinum Corporation since August 28, 2001. He served as Non-Executive Director of Barplats Investments Ltd. and Stillwater Mining Company. He holds a South African Mine Manager's Certificate and is a registered professional engineer in the Province of Ontario. Mr. Andrews studied B.Sc. (Honours) degree in Mining Engineering from the Royal School of Mines, Imperial College, University of London.
Former Non-Executive Director and Member of Safety, Health and Environment Committee
Barplats Investments Ltd.
Former Technical Advisor Corporate Affairs, Member of Management Team and Director
Beartooth Platinum Corp.
Former Chairman, Chief Executive Officer and President
Amerix Precious Metals Corp.
Member of Board of Directors, Chairman of Safety, Health & Environmental Committee and Member of Executive Committee
Eastern Platinum Limited
Director, Chairman of Health, Safety & Environmental Committee, Member of Special Committee and Member of Compensation Committee
Jaguar Mining Inc.
Royal School of Mines
Stocks prices are based on outlook and future not current and past. The outlook is a buyout, the price is set to reflect any uncertainty Stocks prices are based on outlook and future not current and past. The outlook is a buyout, the price is set to reflect any uncertainty surrounding the buyout. Earnings are of little consequence, and if anything I would want JAG to mine less until the buyout so that their claims are valued higher. The more JAG mines now, the more they screw up because of the poor mgmt.
Also, the stock is really flat today not down. That is because even though the earnings report came out today, it gave little news on the factors attributing to the current pricing of JAG.
If you are to pay attention to anything in the report, pay attention to claims value and accessibility to the claims increasing.
MGMT does not matter. They still sit on a 5 billion in gold and will be bought by someone who can manage. Not to mention the increase in gold price is offsetting their poor production. The market will price against earnings not ounces.
Its really a mute point now, the company sits on top of 5 billion in buried gold. The question is whether or not the deal will go through and the stock has continually bounced back and forth not by how the business is doing, but instead by the likeliness of the deal going through. If this was priced on pure business performance and delivery, it would most likely be back down in the $4.50 range.
If you want to wait for it to dip back down, you will be waiting for management to come back out and say the deal is not going through.... or some sort of information that leads the market to believe that. Then you can start pricing this stock on how management forcasts their earnings.
If earnings come out and are down because JPM is being paid $$$ for building a deal, there will be minimal effect on the stock.
I understand you are hoping for better prices, but its just not going to happen. Gold is holding 16000, the business outlook will be good even if there are these 1Q expenses.
Tough crowd, I just started my position. If it dips to 2.75 then I’ll add more not sell. Signal was simple, high volume on good gains. I’ll miss the first 30%, that is fine with me. I am in it for the $5+ and a longer term hold.
Who knows... maybe Pigs will fly/ Teblow will make it to the playoffs and this thing might continue up tomorrow and hit its first set of resistances.
just no reason to post, either the deal goes through or falls through. No reason to post something bullish or bearish.... we are in absolute territory now
There a just more repuations on the line now to please share holders... Not really the news I was hoping for to be honest, but I guess they cant say too much more than that until a deal is final.
I'm sorry but even I am not that bullish
"because if JAG were to come out and say "no, the company is worth more than $9.30 per share," the stock would probably pop, and the Chinese would realize even more profit."
The stock would not pop... it would tank
Good thing I think the deal is going through