BAA
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Ummm - is that a 0.19 loss per share?
I don't know if this is a financial metric, but the Capex for the new mining equip$ent represents approximately 4 cents/share. Depending on when those expenses are accounted for, there is a strong chance of a negative eps.
I sadly agree with you... for once. What happened?
Do we know the payment terms for their new toys? 80% up front and 20% upon delivery? Vice versa? Could this have a big effect on earnings?
Let's say, that normally they could have had $5M net but if they paid $5M for the new implements (CAT 777s, etc.) in Q2..... 0 EPS!
Indeed - good luck to those who have decided to stay fully vested. After this (almost) round trip, I sold 65% of my BAA and diversified by buying some monthly paying dividend ETFs. I am going to take the dividends and buy BAA, though :)
I believe in the fundamentals of the company but the price action shows there is no interest whatsoever in gold miners and their penny-like stocks. This is not going to change overnight, unfortunately, and the smell of another gold bear is on its way. This is not yet capitulation, unfortunately.
Is this the fabled capitulation in gold/mining stocks?
The only reason that BAA may drop is speculators/traders trying to flip at a lower price. Even I am tempted but Banro is still the best 07:09:18 investment out there
I was expecting at least a little bit of green today based on the positive report yesterday - I must admit to being a little bit disappointed.
My guess is that since there were a lot of goldbugs expecting gold to move big after and it didn't, we will see a final capitulation in the gold market where even goldbugs sell gold. This is the final step in the gold bear - won't be pretty but have to take two steps backwards before leaping forwards. This may cause a new wave of bankruptcies in the sector. Good for BAA!
If I am not mistaken, the GAP (general accounting principals) do not allow an asset under construction to be amortized/depreciated until after it is commissioned. I assume BAA are following GAP.
Does anyone know the depreciation schedule of the mines and how it is calculated?
People are not trading because they are smarter than that - this is a buy and hold but like any stock you can trade it and think you're smarter than everyone else if you want!
You read my mind! I was just about to post my hope, expectation and excitement that GDXJ will probably start adding next Quarter!
A reverse split wouldn't necessarily erode value! It would actually probably be a good thing as it would make it harder for flippers and penny-stock gamers to play this game!
Awww - come you guys! You got me all excited!
Usually when there are no sellers, the price goes up! Why does it go down here?
Tex - are you flipping again or something? ;)
Usually when there are no sellers, the price goes up! Why does it go down here?
Tex - are you flipping again or something? ;)
No just -5
Great news out - I expect a pop!
He has never predicted a higher price... as someone else said even a broken clock is right twice a day.
I see net buys and cannot for the life of me figure it out!
I sure don't - it is a continual mystery for me why anyone is selling below $1.00.
What program are you using for this L2 data? I like it.
My mistake - thanks for clearing that up.
I wouldn't be surprised. News about directors are usually precursors. Notice too that the new director is from CIBC (the other part of funders for the 90 million). It is nice to see that they are looking after their investment.
What kind of webcrawler do you have that shows you that? Waiting for Google to update its metrics...
https://www.google.ca/trends/explore#q=Banro&date=today%2012-m&cmpt=q&tz=
What kind of webcrawler do you have that shows you that? Waiting for Google to update its metrics...
https://www.google.ca/trends/explore#q=Banro&date=today%2012-m&cmpt=q&tz=
WHen will it stop trading to the fourth penny? This is ridiculous - the smallest a security can trade in Canada is in increments of 0.5 cents
Technical analysis after an event such as $90m non-dilutive financing is somewhat useless... but good to keep an eye on nonetheless!
Don't worry - I got a great discount at open!
Please update my share count to 409,000.
What's going on Level 2? I am flying blind! Level 1 shows the builds building up...
I love how he gets a reaction out of you guys everytime!!!
There's less than $3k worth of trades after hours. When that number is 100 times that, I would consider it significant and meaningful - but then again, I am a cup is half -empty kind of guy. :)
Nice try at scaring me into selling!!! Muahahah! Nothing gets sold for less than 1$!
Any ideas why ANV and BAA are trading at about the same price? Blows my mind.
394k @ 0.19 CAD
What selling pressure?? There is more buying than selling in general over the last couple of months - even today.
I signed up just so I could ignore Keyotee. Anything that comes from that poster is absolute nonsense that isn't even grammatically correct (not that I am an angel hahah)
I didn't know about blocking posters responses to the blocked person in question... thanks!
Can someone go slap that ask at 0.45? That would be cool!
Very smart post in many ways,LS. I think you are very right about Option C... my inner conspiracy theorist would agree.
I hope your obvious intelligence pays off for you in other ways than DD on over-indebted stocks!
They are probably, like all good money managers just balancing their portfolio and managing their exposure to BAA. They are after all dumping another $80 M into the company on top of the liq. Backstop.
If any individuals were dumping then I'd be concerned but they have been buying since January so your anxiety, in my opinion, is unnecessary.