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Future Money Trends is promoting LDS.
AUMN - Golden Minerals Company down 23.64%
TRX - Tanzanian Royalty Exploration Corp down 23.59%
Say what?! 13,670,000 x $1,225 = $16,745,750,000. Looks like you slipped a decimal!
$714,000 proper market valuation (252,000,000 divided by 1500 x $4.25), yet you're going to buy at $0.115? How does that make any sense?
I agree with $1,450. That would be a monumental target given the cartel's ability to naked short gold down.
Wasn't able to sell today; didn't hit $4.25!
$0.135 was far from the top...
I think your definition of "sky-rocketing" and mine are quite a bit different.
Yes, I'm dumping my 710,000 shares today too. I mean with gold at an all-time high and expected to fall, with the shares worth only 8% of book value and no financing in place, why not dump these "worthless" shares...?
K strikes backs with venom when he is found out! Apparently arbitraging low volume penny stocks like BAA across multiple markets is a great strategy, that is, if you're able to earn $0.25 per share on a $0.17 stock on a 35k short sale. I must say, though, that shorting a company with a current market cap of $40 million which could easily be the subject of a buy out at $400 million, could turn those $0.25 gains into what, $2.50 losses (or would that be $25 losses?) overnight. But hey, K's knowledge of the markets appears to be far superior to those of us relegated to teaching elementary math classes.
keyotee, if I buy 100,000 BAA at $0.165 and it drops to $0.115 and then goes to $1.25 and I sell, how much money did I lose?
Unless you are trading on the TSX, you just exposed yourself keyotee. If all shares traded in the USA today were sold at the high of the day and bought back at the low, you would have made $11k. Did you sell 583,795 shares (1/2 of today's volume) at $0.179 and buy back at $0.1602 (the other 1/2 of today's volume)? Today's volume of 1,167,591 divided by 2 x ($0.179 - $0.1602) = $10,975. Of course you did not, because most of the trades were made in between those numbers. Spare us anymore bullsh!t.
Selling all those shares most CERTAINLY had a depressive effect on the share price. These shares are likely now in the hands of retailers who will not be selling any time soon.
I don't see any buyers...?
Why the sarcasm straitneom? I bought 110,000 around $0.22 a few weeks ago. I'm simply stating the obvious. I don't like watching my account go down any more than the next guy.
This would be public information. Can someone check with Naomi and see if there is a current blackout period?
12's will likely hold today, but 11's come tomorrow. 5% daily down is now routine for BAA.
I predict we see sub $1200 gold by end of day. Just following up on how the cartel signals their intent.
This is typical modus operandi for the banking cartel to signal an upcoming smash in the gold price, that is, they smash the miners while gold rises. See if tomorrow doesn't bring a $20-$25 drop in price of paper gold.
Prepare for a smash in the gold price! Miners are way down today and gold is up. This is almost always the cartel's setup for a smash in gold.
Someone clearly wants the price down. $0.136 on the asked now.
jhn, looks like gold is going to zero according to that chart. It's just that someone stopped it at 2014. Don't you think we can extend the channel a little further?
Legin,
Could you put this into English for us...
Namoya man, Namoya.
http://www.banro.com/s/Namoya.asp
uudaman,
That's exactly why the share price is going down. Everybody keeps selling hoping to get back in at a better price. That works until it doesn't. I, for one, happen to believe that Banro will sell off their assets and payback debt before they file bankruptcy. After selling assets there should be a $1.00 or more for each common shareholder.
Are the insiders buying at these prices or are they waiting for FMV?
How much gold was Banro producing in 2006 when the share price was over $14.50?
Rest well; you'll do fine. If nothing else, some savior will come rolling in and buy the company out for $1.50. That's less than $400 million for two (or three or four) of the best producing mines in the world!
Depending on your avg price you could have 200 - 500k shares. At $5 you will be quite well off. The amusing loser will not have anything!
Yes, it seems to be a self-fulfilling prophecy. It is likely only the boys on this site are the ones selling because they've created a panic situation. My suggestion is, if you believe this company is worth more than $0.20 per share than hold on and quit worrying about things. Otherwise, just sell your position and move on.
Banrowaaoversold has eloquently spelled out that the assets of the company are worth far more than the current share price, even if they are forced to liquidate. And the net assets on the books gives nearly ZERO value to the assets in the ground. If they only get 25 cents on the dollar, that still comes out to nearly $0.50 per share. Get a hold of yourselves and quit selling the price down!
At current descending rate, gold should be sub-$1,200 by morning. And if $1,180 doesn't hold, watch out below!
I have to believe the price action is a result of retailers selling-out hoping to get back in lower. It seems to be a vicious cycle. I know I'm tempted to sell out my $0.22 shares and get back in at $0.12. Why should I not believe that BAA is heading there? That's a $30 million market cap; not much different then the current $43 million (when compared to book value).
Since the 8/19/2014 high it seems to be $0.05 down and $0.02 up repeated over again.
I'm pretty sure we are going to see gold fall by another $150-$170. Goldman Sachs said it would be $1,050 by the end of the year and they set the price, along with the JPMorgue. So, we may see $0.10 BAA. Just saying...
Looks like 16s are right around the corner.
Looks like we are in the last throws of capitulation with the precious metals. Certainly is cheaper now for some miners to buy it in the open market than dig for it, particularly with silver miners. Silver looks like it is about to go $17.xx.
Someone just got themselves 31,900 at $0.195.
The primary manipulator is goalmansux. Since they have the power, along with their complicit allies at the Fed and in the U.S. Treasury, to move the gold price, do you think their forecast of $1,050 is irrelevant? I'm just playing the devil's advocate here abc1938.
I lost 75% of my net worth since May 1, 2011 and keep thinking we're at the bottom, but it just keeps falling. It's funny that my house, that only lost 25% of its value, is my best performing asset!
One has to ask, if gold is so valuable, why are our U.S. banks transferring it to the East so fast? They must be convinced that their digital currency will win out in the NWO, no?