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Jaguar Mining Inc (USA) (NYSE:JAG), ParaFin Corporation (PINK:PFNO), ARCHER ENTMT MDA CMNS (PINK:AEMC), Southridge Enterprises Inc. (PINK:SRGE)

Jaguar Mining Inc (USA) (NYSE:JAG)

In the last quarter Jag sold 23,307 ounces of gold at an average realized price of $1,648 per ounce in the quarter, $38m not bad at all.

The problem here, the realization of our early warning last year is toxic financing, Jaguar arranged a US$30-million standby credit facility with a group called Renvest Mercantile Bancorp Inc. It carries an 11% interest rate, but also includes significant fees that are incurred upon closing and upon each drawdown. There is also a standby fee for undrawn balances.

Tha means an the effective interest rate for Jaguar is nearly 16%, and interest and upfront payments in the first year amount to $5.3-million.

The good news is if they pay it back it is not dilutive.

Let’s hope the company can make enough to break free of such deals and move forward.

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ParaFin Corporation (PINK:PFNO)

ParaFin Corporation (PINK:PFNO) Jumps around 50% at a time, buy it at 0003 and hang on it has lots of room to go, look for a break of 0006 then this could go as high as 005 mid term.

ARCHER ENTMT MDA CMNS (PINK:AEMC)

AEMC the Indonesian Coal deal, started to see a little volume, slow and steady, last time this went from sub penny to 90c, waiting to see that again.

Southridge Enterprises Inc. (PINK:SRGE)

SRGE is headed to 2c mid term

The Company reported net income of $311,611 on revenues of $942,314 for the period ending May 31, 2012. The results for the quarter represented the achievement of a significant milestone for the Company in its initiation of mineral production at the Cinco Minas facility in Jalisco, Mexico.

Southridge Minerals currently holds a portfolio of mineral properties located in several world-class mining regions of Mexico. The properties include the past producing and flagship property Cinco Minas, along with the Gran Cabrera, Los Compadres, La Esperanza and La Canita.

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