Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes they're on the list.
http://www.denvergoldforum.org/dgf16/participating-companies/
I think they've been intensely focused upon replacing the senior secured notes...it's a big deal.
par value would be 1000% return.
that would be fine with me
This is life saving information
Looks like our investment in BAA is working out
By the way...
My wife worked as an RN in a nursing home...long term care facility. And as a step down unit (rehab) nurse. So listen...we know about this stuff.
1)you never want to go back to this place.
2)sometimes people go in for simple issues and never come out.
3)you do want to loose weight and be healthy even if you have to go back one day...here's why.
....if you are unable to do your ADS's (activities of daily living) and you need to be CHANGED then the lighter you are the more likely you are to have your self changed and cleaned up quickly.
The nurses dread changing heavy patients...think about it.
The longer you go without being changed the more likely it is that you develop a pressure ulcer.
The nursing staff at these facilities are over worked and underpaid for the work that they do. And almost always understaffed.
My wife often had to work with a 40 to 1 patient to nurse ratio.
So...if you ever go back...you want to be light as a feather.
You'll get changed first.
This is life saving information
-------------------------------------
Tex -PLEASE look up nutritarian plant based diet by Dr. Joel Furhman- if the diabeties is type 2 you can eat yourself to being diabeties free in a few weeks to months. Unfortunatley I don't think type 1 's it solves. Please check it out for me, its possible it could cure you. I don't want to start calling you lefty sooner than you need!
--------------------------------------------------------
Yes, I have voted for the quick BK resolution. I'll take that equity thank you.
I'll own a big chunk of this company.
If you are based in the US you'll get a big tax hit.
This is a strategic investment as you must have figured out. It is not a stock. It needs time to play out.
It's currently in the twilight zone of the investing world...a defaulted bond with no ratings and a company in Bankruptcy court. There are limited market participants in this realm...
Think about it. Bund funds can't buy a bond with no ratings that is going to become the equity in the new company. Stock funds can't buy a bond.
Only distressed investors are even looking at this now.
It is in market purgatory.
It will take a couple of months to clear up.
Read the plan. You'll learn a lot.
---------------------------------------------------
"THE VOTING DEADLINE TO ACCEPT OR REJECT THE PLAN OF REORGANIZATION IS 5:00 P.M. PREVAILING EASTERN TIME ON AUGUST 23, 2016 UNLESS EXTENDED BY THE DEBTORS, WITH THE CONSENT OF THE REQUIRED CONSENTING CREDITORS (AS DEFINED BELOW) (THE “VOTING DEADLINE”). THE RECORD DATE FOR DETERMINING WHETHER A HOLDER OF AN IMPAIRED CLAIM IS ENTITLED TO VOTE ON THE PLAN IS JULY 21, 2016 (THE “VOTING RECORD DATE”).
http://phx.corporate-ir.net/phoenix.zhtml?c=251151&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTExMDQ5ODAwJkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3
I think I'd have an aggressive estimate for Q4 given the stacking rate & the fact that it takes 3-6 months to peculate and retrieve all the leachable gold. Also, we've been told to be ready for the grade and recovery at Twangiza to begin being similar to the best quarters of last year.
Unfortunately we will not get Q4 results until early next year. Q3 will still look quite good though.
***33.6% INCREASE IN STACKED ORE AT NAMOYA IN JULY***
"Subsequent to quarter end, the operation delivered record stacking rates of 216,000 tonnes for the month of July, reaching design capacity."
"During the second quarter of 2016, the plant at the Namoya Mine stacked 485,319 tonnes of ore"
Thus, assuming that the same stacking rate is held throughout the third quarter....
((216*3)-485) / 485 = 0.33608
or a 33.6 % increase in stacking rate
http://finance.yahoo.com/news/banro-announces-q2-2016-half-222100346.html
Docket 368
Well...that is possible...certainly possible. And we would like to understand the full dollar impact of the streams.
Have you ever called in to IR.
I plan to do so in a few weeks I'll take note of that valid question.
I was just using the logic of where gold traded during the quarter, but what you point out is definitely possible...perhaps even likely give the amount of time needed for transport and refining.
Good point the more I think about it.
The mine plan is laid out at the beginning of the project and when I asked them directly they said that they haven't deviated from it. Yet they could if it had become necessary.
The market still has doubts about the big bond re-fi.
If you listen to the CC the CEO seems optimistic about resolving it.
still trading at 0.27 of Book value....
http://www.finviz.com/screener.ashx?v=121&f=ind_gold&o=pb
I wonder if it's undervalued
what a looser...what's the point if you cant pick at the problems.
If we look at POG chart and the prices from April 1st to June 30th it looks like an average sale price would be around 1255 to 1265
So as per the PR the realised price was 1201 so the streams cost something between $55-$65, over the quarter.
I don't think it was so volatile that we would need to break out every month,,,I was appreciative that they clearly stated that the differential was due to the streams. They had previously not stated how the streams would be accounted for.
thank you for the pertinent discussion point. I'll study it.
...that's pretty much my understanding with the exception that in Q2 POG averaged between 1250 and 1260...so in the relavant quarter it was only a 50-60 dollar difference.
Hey man...I'm no prude but I'm not going to let that kind of cursing go on the board...
***Everyone should be listening to the conference call...going on now***!!!
true that yo!
total damage from the streams is about $50-$60 per oz.
"The average realised price for the second quarter of 2016 was lower than the average spot market price due to lower implied prices for stream revenues recognised."
https://www.banro.com/news-events/news-releases/banro-announces-q2-2016-and-half-year-financial-re-20160810
regarding addition non-cash gap accounting
I think it would only be accounted for if gold continues to go up in value...but not positive...we took several big hits last year due to the streams or their equivalent forward sales.
The cost of the streams is accounted for in their realised price of gold. as per the earnings pr released yesterday.
so the total damage from the streams is about $50-$60 per ounce. not too bad considering the distressed situation they were in etc.
sure there is...the streams were sold at a lower gold price environment...thus non-cash losses for current shareholders as gold prices go up have to be accounted for.
the warrents have strike prices well in the money at up to 50% below current share prices...thus non-cash losses for current shareholders
***CEO: "continually improving financial position for the Company"***
"Continuous delivery in-line with expectations along with the positive benefits of the current gold environment are expected to support a continually improving financial position for the Company.”
https://www.banro.com/news-events/news-releases/banro-announces-q2-2016-and-half-year-financial-re-20160810
***Namoya at design capacity for stacking rate****
perhaps we've received very good news after all.
"216,000 tonnes for July, reaching design capacity"
"Subsequent to quarter end the operation delivered record stacking rates of 216,000 tonnes for July, reaching design capacity"
I think there are enough smart people out there.
most miners are trading above book.
I think the facts will provide support.
it is in the press release. If you are new to investing you should read all the PR's
Q2 2016 Financial Results Conference Call Information
Banro will host a conference call at 11:00AM EST on August 11, 2016. Please use the following dial in numbers:
Q2 2016 Financial Results Conference Call Information
Toll Free (North America): +1 877-291-4570 Conf ID: 56372533
Toronto Local & International: +1 647-788-4919 Conf ID: 56372533
Q2 2016 Financial Results Conference Call REPLAY
Toll Free Replay Call (North America): +1 800-585-8367 Conf ID: 56372533
Toronto Local & International: +1 416-621-4642 Conf ID: 56372533
The conference call replay will be available from 2:00PM EST on August 11, 2016 until 11:59 PM EST on August 25, 2016.
yeah...all those derivatives and streams make the non cash data swing all over the place.
I really think in the case of mining companies you often have to look at EBITDA and in this case the forward guidance.
Most of the damage is depletion and depreciation of mining assets due to mining activities.
The have already posted their regulatory fillings. take a look through the MD&A
....calling all CPA's on the board...
They have been stating all year that in first half they have a lot of low grade material to get out of the way and that by second half they would be running consistent with last years grade and last years cost profile.
That is what they put out in the guidance and what I'm told each time I call in.
It is annoying to see all this potential and have to keep waiting for it's fruition
!!!LONG 400,000 SHARES !!!
excited about earnings...steady the ship.
BAA will trade in line with the rest of the sector after earnings.
Yeah, I'm continuously surprised at how many people have no clue what I'm talking about...nice to see someone gets it.
Difference between Briteburn is that EIG's position in the second lien and the preferred straddles the unsecured in the capital structure...
this is why there is no pre-pack and it's being fought out in BK courts.
Briteburns asset base is of higher quality than Atlas's assets also a reason for the fight between 2L and unsecureds.
The only reason i'm in heavier on atlas is cause it has the pre-pack and is clear cut...far less risk on the outcome in court.
Buy the way.
Linn Energy's unsecured's are so-posed to get all the equity too.
Makes for a diversified distressed debt portfolio.
Actually I would guess...and it's logical to assume that an equity comity would be appointed...even if it is just to attempt to shield the small investors from a tax hit...and there would be a resulting pop...from some level of POS
I will not be buying based on that assumption though.
The debt in BBepq is interesting .....
also If you are interested in one that hasn't run up as much on the debt side
Atlas resource partners.
They already have a restructuring agreement.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124368599
I've already picked up my full position....
Hey I'm not a penny flipper. Perhaps those guys are right. It's not my game. I'm a distressed debt and equity guy...so that's why I own the bonds and why I'd be happy if they just pay the bills.
You need to read all the seeking alpha articles about CODI
read the links on the sticky I've got up.
This is death and then hell in the after life.