Jagged Peak Energy Inc (JAG) News

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Nobody there who has hold Jaguar mining? They are so much up today and I don't know why? If you are there do you know it?
Thanks anyway

Revere Partners Expects Jaguar Mining Inc.’s Directors to Preserve Shareholders' Value


BusinessWire · Nov. 4, 2013 | Last Updated: Nov. 4, 2013 2:43 PM ET

Revere Partners, LLC, the investment manager to Revere Capital Partners, LP (“Revere”), as of November 1, the largest shareholder of Jaguar Mining Inc. (“Jaguar” or the “Company”) with a 9.7% stake, is concerned about the board of directors’ (the "Board") approval of a non-binding term sheet (the "Term Sheet") for a recapitalization and financing transaction (the "Transaction") expected to allocate to the current shareholders, upon execution of such Transaction, "minimal or no continuing interest in the Company." Revere considers such terms appalling, is disappointed by the lack of shareholders’ representation in the negotiation (the Company’s directors and officers own only a negligible amount of shares of the Company, and their stock awards are deeply underwater), and expects that the Board will act in accordance to its fiduciary duty to the current shareholders, substantially improving such terms, in the course of the finalization of a binding term sheet.

“Revere has been a Jaguar shareholder for more than one year. Throughout this period we have remained supportive, patient, and optimistic; one of our main concerns has, though, been the absence of any meaningful economic interest alignment between directors and officers on the one hand, and shareholders on the other. The Term Sheet confirms our concern. We had assumed all along that some form of shareholders’ dilution was needed to facilitate the repairing of the balance sheet. In situations like Jaguar’s, shareholders have to pay a price to take part in the eventual re-rating of the Company’s valuation, once the capital structure is re-balanced. But that price has to be fair,” commented Mr. Carmine Di Palo, CEO and Managing Partner of Revere Partners.

oh,poor JAG ........

down 70 % today.
almost dead....
c'est la vie

asta la vista

I only need a one thousand bagger now, in order to break even.

maybe I'll lite a candle and sing a song
for jag tonite.