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You purchased 625000 shares of a stock your thinking of dumping at these levels. Dont worry about longs do what you need to do. Keyotee will buy them back when he reaches his buy back point and save us
Triple bottoms, quadruple bottoms. If we can continue holding the .13 bottom this could skyrocket at a any time. Lets see how things go in the short term. To lose a continuing bottom could be a problem, Either way I hold strong and add, it will bounce sooner or later
Keyotee, only 305,000 more to short at .13 to bring it back to .12s again
Museloser, its 8 cents 8 plus 5 IS .13. 7 plus 5 is .12
Has not moved to me, watched it go to .12, up to .20. down to .13 up to .16. Down to .13 Of course those shorters got scared on the up moves and covered time is coming to get a bit nervous again.
Fazlice, I was incorrect on that, changed the post quickly. No buy rating from the street yet. I hit the wrong stock, did not pay attention. Sorry
Momentum going forward, If its time to move this, no chart nothing can stop it.
Gold Miners: 3 Reasons to Buy This ETF Before 2014 Ends
By Dan Caplinger | More Articles | Save For Later
December 9, 2014Gold has a reputation for being a contrarian investment, and for more than a decade, returns for gold have generally diverged from what the stock market has brought investors. From 2000-2009, stocks suffered two bear markets while gold soared. After topping out at $1,900 per ounce in 2011, however, gold has plunged even as the stock market has climbed to countless new record highs. As gold has fallen, it has taken gold mining stocks down with it, sending the popular exchange-traded fund Market Vectors Gold Miners ETF (NYSEMKT: GDX ) to levels it hasn't seen since the worst of the financial crisis. Yet even as the gold miners face challenges, there are some reasons to believe that now might present a value opportunity for those looking to bet on a recovery in the sector. Let's take a look at three reasons why now might be the right time to consider adding the Market Vectors ETF to your portfolio.
1. Gold mining stocks have fallen even as gold itself has held its own.
In general, gold mining stock prices tend to track the price of gold very closely. After all, sales of the gold that gold-mining companies produce is their primary source of revenue, along with the other secondary metals like silver and copper that they often recover in the process of obtaining gold from their mine properties.
Yet when you look at recent trends, you'll see that the recent losses for gold-mining stocks have far exceeded the decline in gold prices.Part of the reason for the disparity between gold and mining stocks is that earlier in the year, miners rallied in anticipation that gold prices had finally bottomed. With gold having started off 2014 with a solid advance off its 2013 lows, many investors believed that mining stocks would provide them with better potential returns than bullion itself, especially given the extent to which gold miners had suffered last year. Yet when gold moved decisively below $1,300 per ounce to hit new multi-year lows, it sent many investors scurrying for the exits. As a result, even though gold is essentially unchanged for the Some stocks have seen even bigger declines. Newmont Mining (NYSE: NEM ) has lost more than 15% of its value so far in 2014, while Barrick Gold (NYSE: ABX ) and Freeport-McMoRan Copper & Gold (NYSE: FCX ) have each seen declines of around 30%. Smaller mining companies have also tended to be more volatile.
Over longer periods of time, these moves tend to happen in cycles, with miners sometimes outperforming gold and sometimes underperforming it. Many believe that the cycle could be about to turn, and if so, then the potential to see better performance from miners could drive more interest in the Market Vectors ETF.
2. Harmful tax-loss selling will come to an end.
Another reason why the gold miners ETF could be a good value right now is that the ETF is a logical target for investors using the tax-loss harvesting strategy to reduce their tax burdens. With much of the stock market up on the year, investors looking to lock in losses don't have many options, and gold miners are one logical place to look. Tax-loss selling often exacerbates losses in November and December, creating temporary downdrafts that make the stocks look even worse. Yet when that pressure dissipates, the beginning of the following year can be favorable.
Tax-loss selling isn't necessarily over yet, but if you like the longer-term prospects for gold miners, it makes sense to look at the ETF in the coming weeks. Trying to pinpoint the best entry point is likely a fruitless effort, but you probably have some time before a tax-motivated bounce returns in full force.
3. Falling energy prices could bring gold mining costs down.
In recent weeks, the price of crude oil has fallen sharply, with both domestic and international benchmark prices falling more than $20 per barrel. For energy companies, that's been bad news, as their revenue comes from sales of oil and related products.year, mining stocks have still seen substantial losses in 2014.For mining companies like Barrick, Newmont, and Freeport, though, fuel can be a considerable operating expense, and so any reduction in energy costs can help reduce the overall overhead of running a mining operation. With many miners having faced rising labor expenses and other cost pressures, any reduction on the energy side of the business could help bolster net income and make it easier to generate consistent profits even if gold prices don't behave well.
The Market Vectors Gold Miners ETF hasn't looked like an attractive place for investors recently. Yet for those willing to make contrarian bets on the health of the mining industry going forward, looking at the ETF as a possible profit opportunity would be an interesting strategy to consider at current prices.http://www.fool.com/investing/etf/2014/12/09/gold-miners-3-reasons-to-buy-this-etf-before-2014.aspx
Keyotee if you keep covering, it is going to cost you more to drive it back down to .09. Just in case you didnt realize that. Like to help when I can
Hows this? Around the 15th of December we will find out what is really happening with the remaining 80million
Tronicta Great point, I also do not believe the company they are financing with does buy outs to own individual companies, they partner with them for a percentage of gold returns.
Sultan, He will just say that shorts covered and it drove the price up. cant win with that guy either way
Keyotee I agree with you on, Happy Thanksgiving also to you.
Yes massive great skills, with a price decline of .0031 only, You would need to be putting a ton of money into a short to pick up less than .0031 of a cent and buy back quick today, of course there is no volume today or evidence of any real shorting, and since multiple shares are not available at either bid or buy on any regular trading day, it would be a crap shoot at most. No thanks. I will ride the wave
Nice to see buy ratings beginning to come through, Once the street adds up everything and sees that this is a great deal, they will issue one to.
Jaywalk consensue
11/17/14 10/31/14 9/30/14 8/31/14 7/31/14
Very Positive or Strong Buy (Rating=1) 0 0 0 0 0
Positive or Buy (Rating=2) 3 2 2 2 1
Neutral or Hold (Rating=3) 1 1 1 1 2
Negative or Sell (Rating=4) 1 2 2 1 1
Very Negative or Strong Sell (Rating=5) 0 0 0 1 1
Total Independent Research Providers 5 5 5 5 5
Jaywalk Consensus (SM) 2.60 3.00 3.00 3.20 3.40
Jaywalk consensus upgraded 1 to positive or buy from last three ratings, Now 3 positive or strong buy
Keyotee everyone knows your shorting, and according to you have a lot of money to accomplish this, you may be the only one doing it. I dought there are to many others willing to lose money when it jumps to the upside
Shorting, well there is not much of it if there is, and to fill gaps on the way up is great to me. There is no more selling than buying, Actually adding things up there is more buying,
JohnCM. We begin to get some buy ratings, from sells. and the news is still filtering out to the public. Gold increases. It will move. Of course I have accumulated and it has helped some at these prices to gain more shares. Others have just waited and it seems a long time.
Wow gold flying up today
Its not the weekend yet.
keyotee Monday, 11/10/14 08:41:24 PM
Re: stuckinthestock post# 13161
Post # of 13323
No malice here. Anything is possible better hope this is a weak consolidation at best, at worst this is a setup! I will not post anything else here about baa until the weekend ,unless someone asks a reasonable question of me. I intend to trade from the long and short side here , where ever the least path of resistance lays, until this stock commits to a trend. Good luck, Do not average down from here for the newbies in baa. Just an opinion.
MM'S still trying to soak up loose shares, stop orders, low sells, set a sell very high. and stay out of their way
Give the news a chance to sink in and kick in, volume picks up and then it will move,
Thank you Tech for breaking it down
Gold production up, strip ratio much better, cost per ounce a much lower price than before in the 691 area. Looking great for this company at this pointhttp://news.banro.com/press-releases/banro-announces-q3-2014-financial-results-nyse-mkt-baa-201411110978276001
Press Release: Banro Announces Q3 2014 Financial Results
8:00a ET November 11, 2014 (Dow Jones) Print
Press Release: Banro Announces Q3 2014 Financial Results
Banro Announces Q3 2014 Financial Results
TORONTO, ONTARIO--(Marketwired - Nov. 11, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the third quarter of 2014.
FINANCIAL HIGHLIGHTS
-- Revenue of $33.3 million ($27.1 million in Q3 2013) and a net income of
$3.8 million or $0.01 per share (net loss of $3.7 million or $0.01 per
share in Q3 2013)
-- Gross earnings from operations of $8.1 million, a 174% increase over
gross earnings from operations of $3.0 million in Q3 2013
OPERATIONAL HIGHLIGHTS
-- Production of 27,171 ounces of gold in Q3 2014 (compared to 20,784 ounces
in Q3 2013), an increase of 30.7% over Q3 2013
-- Sales of 26,997 ounces of gold at an average price of $1,233 per ounce
(20,410 ounces of gold were sold in Q3 2013 at an average gold price of
$1,329 per ounce)
-- Cash costs at Twangiza decreased 26% to $615 per ounce, down from $834
per ounce in Q3 2013
All dollar amounts in this press release are expressed in thousands of dollars and, unless otherwise specified, in United States dollars.
The table below provides a summary of financial and operating results for the three and nine-month periods ended September 30, 2014 and corresponding periods in 2013 as well as the second quarter of 2014:
(I) FINANCIAL
YTD YTD
Q3 2014 Q3 2013 Q2 2014 2014(1) 2013(1)
---------------- ------- ------- ------- ------- -------
Selected
Financial Data
Revenues 33,285 27,133 26,534 90,258 84,786
Total mine
operating
expenses(2) (25,192) (24,183) (22,243) (71,833) (68,926)
Gross earnings
from
operations 8,093 2,950 4,291 18,425 15,860
Net
(loss)/income 3,750 (3,671) (2,998) 48 (456)
Basic net
(loss)/earnings
per share
($/share) 0.01 (0.01) (0.01) 0.00 (0.00)
---------------- ------- ------- ------- ------- -------
Key Operating
Statistics
---------------- ------- ------- ------- ------- -------
Average gold
price received
($/oz) 1,233 1,329 1,292 1,254 1,434
Gold sales (oz) 26,997 20,410 20,537 71,961 59,118
Gold production
(oz) 27,171 20,784 21,431 68,739 59,733
All-in
sustaining cost
per ounce
($/oz)(3) 698 1,072 906 866 1,109
Adjusted all-in
sustaining cost
per ounce
($/oz)(4) 702 1,092 945 827 1,120
Cash cost per
ounce
($/oz)(3) 615 834 732 762 831
Adjusted cash
cost per ounce
($/oz)(4) 618 850 764 728 840
Gold margin
($/oz)(3) 618 495 560 492 603
---------------- ------- ------- ------- ------- -------
Financial
Position
---------------- ------- ------- ------- ------- -------
Cash and cash
equivalents 2,148 14,827 6,460 2,148 14,827
Gold bullion
inventory at
market
value(5) 2,335 4,962 2,476 2,335 4,962
Total assets 869,068 783,190 861,162 869,068 783,190
Long term debt 192,079 157,621 160,827 192,079 157,621
---------------- ------- ------- ------- ------- -------
(1) For the nine-month periods ended Sept. 30, 2014 and
2013
(2) Includes depletion and depreciation.
(3) All-in sustaining cost per ounce, cash cost per ounce
and gold margin are non-IFRS measures. Refer to the
non-IFRS measures section of Banro's Q3 2014 MD&A
for additional information. All-in sustaining cost
per ounce, cash cost per ounce and gold margin for
2013 have been restated on a production basis as compared
to a sales basis in prior periods.
(4) All-in sustaining cost per ounce and cash cost per
ounce have been adjusted to be presented on a sales
basis as opposed to the current presentation which
is on a production basis
(5) This represents 1,919 ounces of gold bullion inventory,
with a cost of $791, shown at the September 30, 2014
closing market price of $1,217 per ounce of gold.
-- Revenues during the three months ended September 30, 2014 were $33,285 a
23% increase compared to the prior year's quarter of $27,133. During the
third quarter of 2014, ounces of gold sold increased by 32% to 26,997
ounces compared to sales of 20,410 ounces during the third quarter of
2013. The average gold price of $1,233 per ounce was obtained for total
revenues of $33,285 realized during Q3 2014 (compared to an average price
of $1,329 per ounce obtained during the corresponding period in 2013 for
total revenues of $27,133).
-- Mine operating expenses, including depletion and depreciation, for three
months ended September 30, 2014 were $25,192 compared to prior year
quarter of $24,183. The slight increase in costs was due to increased
milling throughput of 48%, as the operation reached an annualized run
rate of approximately 1.6 mtpa or 93% of the 1.7 mtpa design capacity.
These costs were partially offset by the lower mining tonnes moved to
achieve planned ore production. Production costs for the third quarter of
2014 were $16,697 compared to $17,339 for the third quarter of 2013 as a
result of the lower waste tonnes mined due to a decreased strip ratio and
lower consumables consumption.
-- Gross earnings from operations for the respective three and nine-month
periods ended September 30, 2014, were $8,093 and $18,425, compared to
$2,950 and $15,860, respectively, for the corresponding periods of 2013.
This translated into improved gross margins of 24% for the third quarter
of 2014 and 20% for the nine month period in 2014.
-- Cash costs per ounce on a production basis for the third quarter of 2014
were $615 per ounce of gold (compared to $834 per ounce of gold for the
third quarter of 2013 and $732 for the second quarter of 2014). Cash
costs for Q3 2014 were lower than prior quarters as a result of increased
mine and plant productivity as Twangiza progressed forward towards steady
state production levels and normalized production costs in line with life
of mine expectations.
-- All-in sustaining costs declined in the third quarter to $698 per ounce
(compared to $1,072 per ounce of gold for the third quarter of 2013 and
$906 for the second quarter of 2014) driven by lower cash costs and lower
levels of sustaining capital expenditures in the period.
-- Adjusted cash costs per ounce and adjusted all-in sustaining costs per
ounce for the third quarter of 2014, on a sales basis, were $618 and
$702, respectively. Adjusted cash costs per ounce and adjusted all-in
sustaining costs per ounce for the nine months of 2014, on a sales basis,
were $728 and $827, respectively. All-in sustaining costs per ounce and
cash costs per ounce are non-IFRS measures. Refer to the non-IFRS
measures section of Banro's Q3 2014 MD&A for additional information.
(II) OPERATIONAL - TWANGIZA
-- The Twangiza and Namoya mines incurred no lost time incidents during the
third quarter of 2014. Namoya has had no lost time incidents year-to-date,
and at the end of the third quarter, Twangiza had 242 incident free days.
-- During the three months ended September 30, 2014, the plant at the
Twangiza Mine processed 394,500 tonnes of ore (compared to 266,320 tonnes
during the corresponding period in 2013 and 340,654 tonnes in the second
quarter of 2014) achieving 93% of design capacity for the quarter. Ore
was processed at an indicated head grade of 2.60g/t Au (compared to 2.83
g/t Au during the corresponding period in 2013 and 2.44 in the second
quarter of 2014) with a recovery rate of 82.2% (compared to 82.9% during
the corresponding period in 2013 and 84.3% in the second quarter of 2014)
to produce 27,171 (compared to 20,784 during the corresponding period in
2013 and 21,431 in the second quarter of 2014) ounces of gold.
-- The Run-of-Mine ("ROM") Pad sheltered storage area was completed prior to
the commencement of the rainy season, providing 40,000 tonnes of dry
material storage to ensure the availability of sufficient tonnes of
acceptable moisture content to the processing plant.
-- With these ore delivery and throughput achievements, site management's
focus has now moved from the expansion mode to delivering incremental
operational efficiencies.
(III) MINE UNDER CONSTRUCTION - NAMOYA
-- During the third quarter of 2014, the Namoya Mine produced 4,671 ounces
of gold from a total of 150,304 tonnes of ore, stacked and sprayed on the
heap leach pads and processed through the CIL circuit, at an indicated
head grade of 2.11 g/t Au.
-- At the Namoya Mine, management, along with internal expertise and
external consultants, evaluated the issues identified during the
commissioning process as a result of the quantity of fine material
exceeding the design capacity of the plant. The Company has determined
that the optimal plan of action is through the acquisition of an
agglomeration drum to run the mine as an agglomerated heap leach
operation while pursuing options to best utilize the CIL plant to process
the fines material.
-- The plan for the fourth quarter of 2014 will be to increase the monthly
stacking rate to up to 90,000 tonnes per month of available high grade
ore and processing higher grade fine material through the CIL plant.
(MORE TO FOLLOW) Dow Jones Newswires
November 11, 2014 08:00 ET (13:00 GMT)DN201411110052332014-11-11 13:00:00.0000E4CJ85GG8O3DFECIG5TR51NC2DJNF
keyotee Saturday, 10/25/14 08:34:29 PM
Re: None
Post # of 13170
Going back to retest .11, my guess.
Friday, 10/31/14 11:38:36 AM
Re: None
Post # of 13170
9 cents coming with new low in my opinion.
Let it go there I will buy more, I do not dought you may be right in instances, but you appear to think the others have not sold and bought also, I just do not like how you mock others, that are speaking the great opportunity you were spouting a short time back, and 16 days of speculation and being incorrect, well I would just say, keep guessing you will have a chance of being correct. I am buying more at any price, soon or later. I sell with a profit
keyotee Monday, 10/20/14 04:28:06 PM
Re: None
Post # of 13169
Load the boat ,baa is going higher, Much higher!
keyotee Monday, 10/20/14 12:45:07 PM
Re: None
Post # of 13169
Baa will beM more like $2.00 to $4.66 in my opinion.
keyotee Tuesday, 10/14/14 12:25:29 PM
Re: None
Post # of 13169
Has anyone noticed the high price of call options with very little supply available, or am I missing something here shouldn't this be good!
keyotee Thursday, 10/16/14 10:35:42 AM
Re: None
Post # of 13169
Agreed, what an opportunity to get in on an undervalued future earning co. The dollar has peaked and should slide down, GOLD will respond positively and so will baa.
So your saying over 5 cents you have changed your opinion so drastically as you sold at .20cents, investor maybe, strategist possibly. But by no means any better a strategist than most here, did you mean this last sentence(an undervalued future earning company) Maybe it will hit 11 maybe it will hit .09 but anyone can attempt to be a strategist and a month later still not be there. and still be a strategist and see some things come to pass, you may be quick with your words, but I assure you, There are others around that have done well to. You 100,000 to over a million. I started with 1,000 and turned it to 26,000 in a year and a half, was not even crazy enough to dip into my retirement fund. Oh and that year and a half was many years ago. I do not need to say where it is now.
Financials next week, lets see how they have done. I am adding and adding. Personally I dont think they can hold it back for much longer, if it does go to .11 I am adding much more, Thank you for all the opinions, charts and wisdom some of show
Banro Provides Notice of Q3 2014 Financial Results Release & Investor Conference Call Details
Investor Conference Call to Be Held 11:00 AM EST Wednesday November 12, 2014
TORONTO, ONTARIO--(Marketwired - Nov. 5, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) intends to release its Q3 2014 financial results on Tuesday November 11, 2014 and follow with a conference call at 11:00AM EST on Wednesday November 12, 2014.
Q3 2014 Financial Results Conference Call
Information
Toll Free (North America): +1-877-291-4570
Toronto Local & International: +1 647-788-4919
Q3 2014 Financial Results Conference Call
REPLAY
Toll Free Replay Call (North America): +1 800-585-8367 Conf ID: 25596388
Toronto Local & International: +1 416-621-4642 Conf ID: 25596388
The conference call replay will be available from 2:00PM EST on Wednesday November 12, 2014 until 11:59PM EST on Wednesday November 26, 2014.
For further information regarding this conference call, please contact Banro Investor Relations or visit the Company website, www.banro.com.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and construction of its second gold mine at Namoya located approximately 200 kilometres south of the Twangiza gold mine. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. Led by a proven management team with extensive gold and African experience, the initial focus of the Company is on the mining of oxide material, which has a low capital intensity to develop but also attracts a lower technical and financial risk to the Company. All business activities are followed in a socially and environmentally responsible manner.
Banro Corporation
Naomi Nemeth
Vice President, Investor Relations
+1 (416) 366-9189 or +1-800-714-7938, Ext. 2802
IR@banro.com
www.banro.com
Access Investor Kit for Banro Corp.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=CA0668001039
(END) Dow Jones Newswires
November 05, 2014 07:00 ET (12:00 GMT)
You said sell many times, that tells all the tales that people that read it need to know. Just admit like us others, you have no clue what is going to happen with this stock, We bet on a good future, you hope to get in at much lower prices by discouraging current holders. Tale told
Ketotee, I sold on your advice yesterday, Well not really, but if I had I would be down 5,200.00 today, and would have sold my gold holdings before it hit 1150 yesterday. Oh well to live and to learn
Next week are financials, watch carefully how this moves, and do not get discouraged if it does not meet all your short term goals. It may take off or hold a pattern, could drop or rise slowly, There is still a lot of variables that the institutions can use to hold a stock or let it go. But in the long run it will all be worth it, as those that sold look back and kick themselves. LONG AND STRONG.
Hi Legin, I know that most here knew it was coming, This is not just some clown penny stock that most are used to getting lied to and false press releases and then they jump ship. It is a real company struggling to bring itself into the big leagues and they are close, tons of things going for them and producing mines. I appreciate your charts as long with Tech and Abc and some others. Institutions hold this down and pick up shares, short shares, buy them back. They will let it go as the news goes and financials, But my shares are held strong, I was adding more today without news. I am not much of a deep chart person. But for the most part on this board people give their honest Opinion. This is great expected news
Banro and Gold Holding Sign Definitive Agreement for US$41 Million Gold Sale Transaction
TORONTO, ONTARIO--(Marketwired - Nov 4, 2014) - Banro Corporation ("Banro") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce, further to Banro's October 15, 2014 and August 18, 2014 press releases, the signing of the definitive agreement with Gold Holding Ltd. ("Gold Holding") for the US$41 million gold sale transaction relating to the Twangiza mine. This transaction, which is expected to close within the next few weeks, involves the prepayment by Gold Holding of US$41 million for its purchase of 40,500 ounces of gold (amended from 40,000 ounces of gold) from the Twangiza mine, with the gold deliverable over four years, at 10,125 ounces per year. The contemplated US$80 million gold sale transaction with Gold Holding relating to the Namoya mine, as referred to in Banro's October 15, 2014 and August 18, 2014 press releases, is anticipated to close before the end of this calendar year subject to finalizing the definitive agreement with Gold Holding. Reference is made to the said press releases for additional information with respect to both the Twangiza and Namoya transactions.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and completion of its second gold mine at Namoya located approximately 200 kilometres south of the Twangiza gold mine. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. Led by a management team with extensive gold and African experience, the initial focus of the Company is on the mining of oxide material, which has a low capital intensity to develop but also attracts a lower technical and financial risk to the Company. All business activities are followed in a socially and environmentally responsible manner.
Cautionary Note Concerning Forward-Looking Statements This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the closing of the Twangiza and Namoya gold sale transactions with Gold Holding (the "Gold Sale Transactions"), future gold production and the anticipated effect of the Gold Sale Transactions on the Company's operations and financial condition) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Factors that could cause actual results or events to differ materially from current expectations include, among other things: failure to enter into definitive documentation in respect of, or complete, the Namoya Gold Sale Transaction; failure to complete the Twangiza Gold Sale Transaction; the need to satisfy legal requirements and other conditions to closing with respect to the Gold Sale Transactions; the fact that Gold Holding's commitment with respect to the Namoya Gold Sale Transaction is non-binding and that Gold Holding's continued cooperation will be necessary to complete the Namoya Gold Sale Transaction; the possibility that the completion of the Gold Sale Transactions may be delayed, or that the amount or terms of the Namoya Gold Sale Transaction may be renegotiated; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return of the Company's projects; the possibility that actual circumstances will differ from the estimates and assumptions used in the economic studies of the Company's projects; failure to establish estimated mineral resources and mineral reserves (the Company's mineral resource and mineral reserve figures are estimates and no assurance can be given that the intended levels of gold will be produced); fluctuations in gold prices and currency exchange rates; inflation; gold recoveries being less than those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production); uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; political developments in the Democratic Republic of the Congo; lack of infrastructure; failure to procure or maintain, or delays in procuring or maintaining, permits and approvals; lack of availability at a reasonable cost or at all, of plants, equipment or labour; the possibility of accidents, equipment breakdowns or other events resulting in interruptions in production; inability to attract and retain key management and personnel; changes to regulations affecting the Company's activities; the uncertainties involved in interpreting drilling results and other geological data; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 29, 2014 filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information, please visit the Banro website at www.banro.com.
Banro Corporation
Naomi Nemeth, Investor Relations
+1 (416) 366-9189 or +1-800-714-7938, Ext. 2802
IR@banro.com
www.banro.com
and follow Banro on Twitter @banrocorp
(MORE TO FOLLOW) Dow Jones Newswires
November 04, 2014 08:00 ET (13:00 GMT)
Howie, My bad wrong stock, Exactly what stock were you speaking of, since investor relations sent you that terrible reply on another stock, maybe someone here is in that and would want to get out quick with a crappy investor relations answer like that. Why dont you have that post deleted, in case someone just happens to read the financing part and miss your MY BAD PART.
ABC. Expect- to consider probable or certain, I own this stock because for me the probability of certainty of the loan, far outweighs my doubt. I keep hearing 10 days 10 days. I see 30 days as final and signed per the company.
Its not a delay with the financing, Those thinking this, need to re-read what the company actually said. Finalizing in 10 days, Signed within 30 days for the 40million
If financials are going to be decent in mid november, and the financing approved this should begin to move north very soon
The only thing I can see we are missing at this point, is that institutions own so much of this stock and they will let it go when they feel its the right time, and many are holding possibly millions of shares for the long haul. Personally my shares and many others do not get traded day to day. If you are a day trader looking for a little here and there, it will get very frustrating, I am here looking for financials. If they were very bad I would jump ship, if they are reasonable and getting better as I suspect, I am here for years, picking up more when I can