Chinese Miners scoop up another one..

DSAbug

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It's currently haulted but Jaguar Mining (Brazilian Miner) looks to be bought by Shandong Gold Mining(chinese miner). Jag is a $450 million market cap miner and the bid looks to be around $1 billion. JAG is a 2.6% component on the GDXJ (junior mining etf) so this is a pretty big deal. JAG is not a micro-explorer.


JAG is +57% this morning after reports indicate that Shandong Gold Mining is offering $9.30/share in cash for JAG.
 

pmbug

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The Chinese are definitely taking gold seriously.
 
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