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Wrong. You must be thinking of LibStatist. I have not sold any. On the contrary I have been accumulating. Only weak hands sold over this past week - at the exact time they should have been adding ..
Last chance to buy BAA at these prices ?
Confucius say "Never trust illiterate basher who cannot read Q2 report". Q2 report was GREAT. BAA still most undervalued gold producer in the world
We shall see...
LMAO. Love it! Shorters going to have some weak holes at this rate!!! Long BAA
Confucius say all time record shorting on Comex must be covered. Confucius say covering feeds itself. Confucius say covering last long time..
Completely agree. I have spoken to him and he does seem like a genuine person who believes 100% in Banro. Still watching POG? :)
Completely agree. I have spoken to him and he does seem like a genuine person who belives 100% in Banro. Still watching POG? :)
Lol
Yep. And 1250 plus gold.
Wait what?! None. Zero. Zilch. Havent sold any, just been accumulating since last year :) You must be thinking of LibStatist
You got it Bro. Sorting the men from the boys now
Watch gold my friend
For the record I have 100% confidence in this company. Nothing I have seen has changed my view. Some folks on this board have lost their nerve, which is a shame as that is exactly what market makers want you to do. This is not a company for the impatient, and no one ever said being a value / contrarian investor was comfortable. As the man correctly said, the time to be brave is when others are fearful. Easier said than done but true nonetheless. If you really believe that these guys have run out of the 80 million funding they got in April, then I can't help you.
Confucius say 'man who short gold on Comex, must cover'.
Nothings changed. Just a slight delay..
Lol. Not true. Quick ratio is nearer 0.2. Total debt to equity also manageable at 0.45
Nice
Still way cheaper than any of the miners in GLD. One of the very few able to turn a decent profit at these levels
Yep. Looonooong ! LOL.
Yep. Which is exactly why only idiots use stops. No intelligent person would hand over such crucial data to these crooks. In fact I think I'll put a 200K sell order at $2.00 just for fun ...
Lol. Are you serious? There's plenty. Take Congo for example. Even he's starting to show signs of cracking. I guess 'weak' is harsh because anyone holding now has already proven a certain degree of fortitude, but most people have a breaking point. If you can keep your head when all about you are losing theirs ....
http://www.davidpbrown.co.uk/poetry/rudyard-kipling.html
Yes, so cheap now. A steal. Designed to shake out weak hands of course...
What an amzing buying opp - thanks to the usual Blackrock manipulation. Where those people are involved, you know there's going to be manipulation...
Yawn..
Of course its frustrating. Which is why one needs patience.
Fair enough. Sounds like you need a vacation Congo - you're starting to doubt your own numbers
Lol. Apologies for spelling btw
Either you're being ironic , or you've turned into a basher overnight. If its the former, very good. If its the latter, whoops there goes all your hard wone crdibility. Please clarify, the ignore button is calling :)
Is the global economy looking stable? I think not. http://www.telegraph.co.uk/finance/11805523/Doomsday-clock-for-global-market-crash-strikes-one-minute-to-midnight-as-central-banks-lose-control.html
Nonsense. BAA was trading at multi dollars a couple of years ago. Like many mid tier gold miners, its SP has been ground down by POG. Trading in Amex and Toronto and employing 1000s, theres a big difference between BAA and some one man band penny stock.
Well done to all who have gone through the report with a fine tooth comb. It appears that some investors have jumped to the wrong conclusions. On the subject of AISC, check out this table of GLD components and their costs and then compare to BAA. Click lnk and scroll down.
http://www.zealllc.com/2015/gm1200fl.htm
This, and the unbelievable potential of Banro's highly prospective gold belt (they have another two mines waiting to go already after Namoya) is the reason why I for one have great confidence in this shockingly undervalued company. As for gold price, I hate to make predictions, especially since last months unbelievably brazen Fed induced manipulation (which they had the gall to blame on the Chinese even though it happened in Comex), but I estimate gold to be 1250 -1300 by October time. I also see Dow and S P 500 having major corrections within this time frame. We shall see. With Canada, Brazil, Australia and China now in reverse, the global econmic outlook is looking less and less certain by the week. We shall see.
Management are expendable too..
Agree, time for us shareholders to take a more active role. The Q2 release needs more qualification imho. More clarity. I still very much believe in the company, I just feel we need to keep management on their toes. Perhaps they need reminding that shareholders backed them last year when they needed it. They need to show that the support was deserved.
Yes, I would still hold my shares. Didn't you say in May you were out?
Think you're exaggerating imho.
From page 3 of the June 2015 report
Cash and cash equivalents: $9.270M (up from $3.024M in Q1 and $1.002M in Dec 2014)
Restricted cash of $8,196M (from Twangiza forward financing) for New Truck Fleet
Value of Gold Inventory: $27,061M (down slightly $28,527 in Q1 and $28,893M in Dec 2014)
Total Assets: $61,561M (up from $47.736M in Q1 and $43,320M in Dec 2014)
So it appears they have increased their assets in the Q2 by $13,825M
"They have 11M of cash + gold inventory left. 11M! That's unbelievable."
They have $27M in gold inventory, and $9.3M in cash. They also have another $8.196M set aside for the new Truck Fleet. Less
Didn't you exit back in May?
Excellent post. Thank you. The concentration on debt reduction is a clear sign of excellent management.
Lol. The only tulp mania going on is in the US real estate and stock market sectors. SHCOMP just got a dose of what happens when tulip mania comes to end. The US is next in line.
Negative attention seeking again?