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Value...
How many shorts are initiating new short positions today between 3.15 and 3.25 based upon Henrik's article?
The float is only 6MM shares and before today the short position was 743,000. Based upon Henrik's article and the volume of 800,000 or so as of this writing I would hazard a guess that 300-400k shares of that volume is shorting. Me thinks we will have a short squeeze coming that will push this over $4 and everyone will be chasing it.
Congrats on saving yourself $.35 in profit.
Think I will keep my shares for a while.
Thanks to all for the DD.
Did anyone see this yet from Operating Activities of the new 10-K..."advances to related-party suppliers increased by $3.32 million as a result of Cooperative Transportation Agreement signed with Zhiyuan International Investment & Holding Group (Hong Kong) Co., Ltd. (“Zhiyuan Hong Kong”), a related party, pursuant to which we advanced transportation payments of approximately $3.33 million during the year ended June 30, 2017. Cash inflows from operating activities for the year ended June 30, 2017 reflect the above mentioned major factors".
Anyone notice if this prepayment of $3.32MM to Zhiyuan would be a prepaid expense and how it relates to the service fee below? Maybe this prepayment of package and transportation expense is what lowered the EPS because the revenue has not been booked yet.
"On July 7, 2017, the Company signed a supplemental agreement with the Buyer, pursuant to which Sino will cooperate with Zhiyuan Hong Kong exclusively on the entire project’s transportation needs. Pursuant to the supplemental agreement, the Company agrees to make prepayments to Zhiyuan Hong Kong for its share of packaging and transporting costs related to the project, in return the Company will receive 15% of its share of the cost incurred in the project from Zhiyuan Hong Kong as a service fee. The project is expected to complete in one to two years and the Company will collect is service fee in accordance with project completion."
I may be wrong but I think today confirms the $BPGDM buy signal. Last week's signal was weak but today should do the trick.
Now for Namoya to start prodcution. Good luck to all.
Good day all.
Looks like quite a day in the gold miners and gold. When the news confirms the Namoya commercial ready we should get into gear.
Looks like the next couple of weeks to me are going to have the wind at the backs of the miners.
The leaders are getting a bid NEM and ABX. NEM was the first to get the bid. Hmmmm.
Still think our day is Monday/Tuesday.
I prefer to buy on the spikes down or up and all 3, 5, 60 and daily charts are at their extremes. usually 1st or 2nd hour when you start to seeing buying come in on either DUST or NUGT. I am usually a little early though. As posted here.
Cheers all! GO BAA.
No confirmation is correct Stock. May need one more turn down.
Monday/Tuesday looks like a good time to buy the NUGT again to me Stock. Maybe on a gap down monday or tuesday for gold.
Bot more BAA today...
Looks like we have a buy starting...now needs to follow thru. See the $BPGDM chart.
Have a good night.
http://stockcharts.com/public/1906477/tenpp/3
Here here, FAZ...come one Namoya
I do not think there is much to chart on BAA right now. I have been trading in the XIV and on the NUGT and DUST during this quiet time on BAA. A few trades have been posted here over the past 10 days or so.
I like the way the miners are holding up with the price of gold dropping here. We shall see as they say.
Good luck to all.
We should know tonight or tomorrow.
There are some systems that are giving a $BPGDM buy signal right now. We will have to see after todays close for confirmation.
Good Day All...back from out of town. Just bot some more BAA at $.185.
Rough day in the gold markets eh?
Would be interesting to see if GDX can get to 14.59 the mid Bollie on the 4 hour chart in the next few hours. Would make for quite a day tomorrow IMO.
Thanks. Amazing that the Bulls come the day after a major positive divergence.
We shall see.
Good Day All!
GO BAA!!
I do not think that the group that was so confident and bearish late July and early August that were holding DUST and watched it go to 18.50 or so will get the opportunity to get back out at 38. Just my opinion.
Thus my entry in to NUGT this morning and out of DUST in pre market.
StockOut:
Try these public charts.
http://stockcharts.com/public/1504763/tenpp/3 (page 2-3)
http://stockcharts.com/public/3267041/tenpp/4 (page 4-5)
DUST also may not get there. So I am usually a day early.
DUST also may not get there. So I am usually a day early.
Cant hack the 1 second on the GDX DUST or NUGT. I would get vertigo. Just look for divergences and resistance/support. You can go to Stockcharts.com and on page four of the ThirdEyeOpen public charts is a two hour chart of DUST and NUGT.
Looks to me like 36 on the DUST is a back test of the bear wedge setup from 40 a couple weeks ago.
Feeling the bear panic in the miners. Usually I do not try for the absolute top and bottom. Keeps me sane.
I find it is best to trade on a two hour or four hour chart on the DUST GDX and NUGT.
Yes can see a move to 36 tomorrow on DUST. As of today it is up about 55% or so for the week.
Typically, the DUST can leave you holding air. A risk for sure.
Good day all:
Sold my DUST this morning at 30.50 pre=market. Now back in NUGT at 2.84. As posted here on Friday last week bot DUST at $21.25.
Now for the big move up. Love how BAA is holding in here.Let's get those CAT777's baby.
As much as I hate to say it...this is not a bad place to buy some DUST. I am in for some at $21.25.
Still like my BAA.
Can see DUST heading back up to the high twenties here. Good luck all and have a good weekend.
Spot price seems to be moving better than futures markets.
Down 3 Hondo+ now on the dow...
Thanks Faz. It is all about the Grand Marnier for my money in the Margs however!
I think the shutting the BAA doors is off the table now. (never was IMO.)
Its all about Namoya now baby!!
Looking at a weekly chart this pullback to $.17 could also be wave 2 and we could see $.75+ in the coming weeks as wave 3 unfolds.
Just a thought...
Belly laugh on that one Badge. NO doubt!
Been a while since we have seen the "Power Hour" eh?
I have noticed over the years on major gold bottoms the money goes to the NUGT type stocks first. ABX, NEM, etc. then as those have made their move the money starts to move to the jrs.
Why I bot the NUGT as posted here a couple of weeks ago at $3.21 and under $3.00. I have since sold that for BAA and the jrs.
I think you will run to $.27 the 50 MA in the next two weeks personally.
Try flipping the chart of BAA upside down. If I saw those three higher highs on lesser momo as I see when flipping BAA's chart upside down you would be shorting it.
Right side up the chart is screaming buy in my opinion. Two days ago when we hit $.17 it was on the least momo. Classic. Just my opinion of course.
Been wrong before and will be again.
I would be pleased with $.215 today. that would put us in position for the .$24+ the day Q2 came out and the EPS and liquidity panic started.
Still not long term though so...just my opinion.
Faz: This is also the first rally in the BAA shares since the EPS it is natural reaction. The longer BAA trades above this weeks open of around %.205 the more buyers that will come IMO.
No thanks needed. We all need to be looking for the truth.
According to Mr. Jones the Volvo trucks are rented as an expense not purchased out right as the CAT 777's are. The 9 Volvo 40T trucks were rented to get the tonnage moving faster at Namoya while waiting for the Big CATS!
Lot's of positive divergences on the daily charts as stated yesterday IMO. Now just needs to follow through.
Enjoy the Ride...
mjones@banro.com
Typically the $42MM gross amount of line of credit less the outsanding balance of $13MM would leave $29MM available to access without additional collateral and financial review.
He was very confident that it would not be needed to be accessed from his email tone.