BAA
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Quel patriotisme pour la romantique 50,000! Bravo Basque Trader!
Notice that when Banro signed this accord, DRC was called Zaire!
Quel patriotisme pour la romantique 50,000! Bravo Basque Trader!
Notice that when Banro signed this accord, DRC was called Zaire!
Because it is a very marginal, high-volume producer with low debt loads operating in a country and currency that has seen gold reach all-time highs. Check out this blast from the past - I actually read this article in December but didn't invest *le sigh*.
http://www.acting-man.com/?p=41992
the general market seems to love the dovish Fed... All I see now are headlines "DOW green for 2016!" etc.
I don't know how this clown show can remain popular with obvious bubbles everywhere.
And the market cap is $90M at today's close (302 million shares × $0.3/share)
Regardless, I too believe that a PR announcing that that dark cloud has been dissolved will result in only sunnier skies!
Humongous volume this morning! Wowza.
Our famous rival is up 8% today and 12.5% off its low?????? Dang it - I frustrated. Cannot use verbiage correctly!
I agree. That was going to be my wager.
$0.03 EPS for Q4, no impairment
I agree - despite having 6x the reserves and better balance sheet.....
I think, as you probably guessed too, that TR meant that the big drops by GS* recently would not be very enjoyable while BAA seems to be more stable. Anyways, we're all better off than Valeant Pharma today!
Did anyone else notice all those little tiny buys every couple of minutes starting at around noon? Does this look like an algo trading - veryy bizarre unless it is an error on Ihub
My guess would be that the market is responding more to the additional stimulus-crack that Draghi put into their crack-pipe than it is to the expectations of the whimsical Fed. If they raise rates, it's game over. I don't expect more tightening into more weakness.
$0.20 was based on 250 million shares. There are now 302 million shares so the market cap is around $85.5 million.... I don't think any of this matters anymore.
You are thinking gramercy would buy out BAA? Who would? I am confused by this speculation.
I forget - did we go over our expected Q4 earnings already?
Newmont had an avg of $1084/oz in q4-2015.
Assuming:
- AISC 650 (was 608 but adjusting higher)
- 252 million shares outstanding ( assuming dilution has happened yet)
Known: 46,341 oz mined
This gives approx.:
(46.341 koz) x (1084 - 650) ÷ 252 = $0.079/share.
My questions are how the new fleet commisioning will affect eps
Am I forgetting something?
BAA STILL LISTED on AMEX and TSX!
I don't know how people can live with themselves lying like WaVe - despite the veil of anonymity the Internet provides.
True - can't argue there!
It looks like we are securely wedged between a rock and a hard place - I just hope the rock is $0.29 and not $0.32!
I don't see any exits except a stop-loss @ $.29 for 100k - poor bugger!
Another $0.05 on the TSX and it breaks a 52 week high!
I expect Baa to look like UPL one of these days!
I'm assuming you mean small advances on low volume. Why is this better than tripling on large volume within a month?
BAA is not unique in how it went down over the last few years - it happened sector wide. I agree though that the delisting issue NEEDS to be resolved ASAP before we see pennies per day being added to the MC.
I was about to write the exact same thing - I agree.
I think Mr. Market is becoming much less of a future indicator of value, as it was traditionally and much more of a 'reactionary', if you will, indicator of value. This is not true in all sectors such as biotech where it is the proverbial goldrush and valuations are too far on the other side of future indicators of value and are simply in dreamland (or can be likened to be more like gambling - as you are probably aware ;))
Thus may be happening due to the diverging political and economic spheres as discussed by Yanis Varifoukis in his fascinating TED talk: https://www.ted.com/talks/yanis_varoufakis_capitalism_will_eat_democracy_unless_we_speak_up?language=en
I've been asking the question that you just asked and couldn't generate much discussion. From what I can tell, nobody knows and it is the irrationality of the market at this time IMHO. I do believe that the de-listing issue is what's preventing a huge inflow. Fazlice alone knows four people willing to buy millions of shares each after the delisitng issue is cleared up.
I don't think the dilution will affect the share price. IT should just add to the overall market cap - after all the shares were bought at paid for already, if I am not mistaken.
The shares were trading at around a fairly stable $.175 (or $44M MC) when the dilution was announced for 50M shares @ $.175 ($8.75M). I think this financing was part of the strategy to remain listed on the NYSE as the total MC at $0.175 would have been $53M.
I am pretty sure the dilution has already happened... can someone correct me? I have a bad habit of reading things diagonally and may have missed it in one of the PRs.
I wonder if the cloud of delisting is why we aren't seeing more inflows? In my opinion, this subject is closed without any questions or concerns but a PR stating they will stay on the exchange would probably help immensely!
Any ideas why GS* is leaving us in the dust? I am kind of really annoyed by that - especially because I am not diversified. I was expecting to see daily gains in BAA kind of like what they are seeing over there.........
I'm going to weigh in on this round of guesses - the first time!
I'm predicting they'll break their monthly guidance for Namoya (was 9k I think) @ 9.3k/month
Twangiza on target @ 33k/qtr.
Total = 60.9k or $74.4 million based on Friday's gold price @ close :)
Go BAA!
I see its fair value as at least 0.8$ in this market.
I respectfully disagree. As the disclaimers say, past performance is not indicative of future performance. Unless you refer to the lesson that can be learned relating to our unbridled enthusiasm about finding a security that is so obviously, very undervalued! :)
Looking just at the form of today's action, BAA seems to be tracking with gold mining ETFs. I don't think flippers are doing this - there just isn't enough retail interest here to move the stock.
We definitely need some positive PR and advertising to get the word out about this great company. 4x the resources/assets and similar annual guidance for ounces mined than but half the market cap of another gold miner in Ghana (whom I won't name!!!! GS*) Faz, Martin better give you some good answers.
I continue to be perplexed by this market.
It's funny how our perspectives change.
Good luck - I've thought of selling a couple of times based on RSI but I have big FOMO! In Goldismoney1's words, FOMO is me.
With your real names????? No more anonymity with a bunch of strangers? That sounds like the year 2016 but I don't know how I feel about it. What is the facebook page?
As you know, RSI is only an indicator - often followed but not always. It most certainly doesn't "need" to do anything, IMHO. I understand why you think so, though. I would too if I needed to buyback in.
GLTA!
Get over yourself.
Anyone else - what does today's news mean in laymen's terms? 2 million ounce find?
Just another momo trader it seems. As Zerooo2 wrote, it'd be nice to have more long's and not just traders
I almost flipped today at the open but backed down... cold feet. Glad my feet still tell me good things every once and a while.
thanks!I like your explanation and illuminates aspects of the market I wasn't aware of.
I'm just estimating based on the visual of volume, and I am not being facetious, but can someone explain to me how two million shares can take this up only 5% but then have less than 200,000 shares bring it down even more? Is there a gap in my knowledge of how the market works regarding supply and Demande?
Best of luck - I am not very good at flipping. I am more like Goldismoney1 when it comes to that kind of thing. I did "Almost" sell 50k shares yesterday to attempt to flip too. With yesterday's sell-off in the afternoon - it might've worked! :)