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they are installing the drum now
http://www.banro.com/i/pdf/presentation.pdf
see page 8
another who needs cheap shares badly
no, it looks it does not want to stay below 50MA
his BAA shares was from full load to empty, so his advertisement price was changed From $1.25 to .05
They are installing the drum from the presentation figure
http://washpost.bloomberg.com/Story?docId=1376-NIN1NS6JIJVB01-3C4PCCQ6PDLDGJ73DUSV8H1ESG
gold will be interesting tomorrow
70 tonnes – well ahead, for example, of the weekly average level of global newly mined gold output which is around 58 tonnes.
last week, shanghai gold exchange withdraws 70 tonnes of gold, the third highest in history!
http://www.mineweb.com/despite-higher-gold-price-chinese-demand-still-surging/
After calculation, Q4 2014 will have 16-18M cash flow from operation.
38,236 OZ x $1206/OZ = $46.11 M
$600/OZ gold margin (refer to Q3), cash would be ~$23M
net General & administration (3,128 based on Q3), Interest and bank expenses (2,530 based on Q3)
different people have different mentality. For example, no body could understand why the person dumped his shares the day before yesterday at 0.15 near to trade close while BAA traded between 0.16 and 0.18 for several days. everybody knows near to trade close is not a good time for sell. So after his dumping BAA was back to 0.1677 immediately. he/she seems want to sell as low as possible. Even more strange for yesterday morning dumping. with big gold increase and all of other miners big increase some one sold his shares at 0.146, almost 15% decrease. He absolutely wants to sell as low as possible because I can never image 0.146, otherwise I will put a bid there to grab it.
Yes, I can understand! It equals to he is breaking his leg with his hands because he wants people to believe the road is slippery.
That is why you lose money on BAA because BAA is against normal predictions. For example, when BAA was 0.12 many people including you predicted it to 0.09, however, it went to 0.17. When BAA first reached 0.17, some predicted it will over 0.2 immediately, others predicted it back to 0.12 soon, however it stayed at 0.17 for one week.
you increased your limit from 0.145 to sub 0.15?. I don't need more shares now, but I will use my money to fight down-manipulation
everybody could make it green if he/she bought 10k at 0.16 at the close because the total ask at 0.16 was less than 10k. I strongly planned to buy it, but finally I did not do it because I have too much. Also I expect some bad manipulators who want to take BAA down as they did in the past two days, give me cheap shares.
It seems some long BAA investors were replaced by new investors and they lost their long BAA position, are hating BAA badly now because BAA price does not allow they come back.
For example, on BAA yahoo Market Pulse board, two long investors, pikachu001 and 123xyz who were BAA cheer leaders for long long time, are mad now because they announced they sold and planned to buy back at $0.12 several days ago. However, BAA did not give them chance yet, so now they are saying "BAA bankruptcy on the way". I also see here some long BAA investors are removed out during the recent circle and they are also turning mad due to BAA did not go back low enough. Today's market action showed me the information "BAA does not want to be in cheap person's account again"
please predict one more time, may I get that 0.1401 filled?
you won!
somebody wants to indicate you right and I wrong, then sold his/her shares to me at $0.1501. I grab 20K at $0.1501 and 10k at $0.1661. Hopefully, key will sell to me at $0.14 tomorrow for another 20k.
sometimes, some investors can do some extreme actions to make price very high or very low shortly, but when we find them it is too late to catch them because market will be back to normal quickly.
As I said, the chart is very bullish because the MACD(12,26,9) just crossed the zero line positively (first time for six months) which suggests a huge upward breakout coming.
http://stockcharts.com/h-sc/ui?s=baa
Your gut felling, or all of others' including mine were based on the past BAA circles. However, our gut feelings were opposite to the reality as I stated in 1, 2 and 3 of my post.
The following is a summary of recent market unbelievable
Since the Q4 production released, trade action was totally controlled by a magic power that is beyond our expectations.
Our expectations are completely opposite to the reality.
For example:
1, we expected a big price increase day when the Q4 production released, but we actually got a big price decrease day for that day. This action made a lot of confusions about the production data, so the circle traders started to think "the production data is not good enough or not so important comparing to financing deal", then sold their shares.
2, we expected sell-off for several days after any news out if the news induced a sell-off. So a lot of investors here expected 0.08-0.12 was not the bottom. However, we actually got steadily increased (for total 30% gain) for several days after the first day sell-off. So, what would the circle traders do for this trade action? They usually sell at the news and buy back after news for next news to sell.
3, we expected a price retreat due to profit-taking when BAA came to the resistance at 0.17 and then back to where it was in days after it peaked. However, we actually got peaked for 5 days and any intention to put BAA down was failed. Now, volume is shrinking, profit-taking intention is diminishing, circle traders have no shares for this circle. How can the small fish here like you, key, mouse, howi and jhn re-establish the BAA 0.12-0.17 circle?
Did you make your argument based on that chart? For me, the chart is very bullish because the MACD(12,26,9) just crossed the zero line which suggests a huge breakout coming.
Also since the Q4 production released, trade action was totally controlled by a magic power that is beyond our expectations.
Our expectations are completely opposite to the reality.
For example:
1, we expected a big price increase day when the Q4 production released, but we actually got a big price decrease day for that day. This action made a lot of confusions about the production data, so the circle traders started to think "the production data is not good enough or not so important comparing to financing deal", then sold their shares.
2, we expected sell-off for several days after any news out if the news induced a sell-off. So a lot of investors here expected 0.08-0.12 was not the bottom. However, we actually got steadily increased (for total 30% gain) for several days after the first day sell-off. So, what would the circle traders do for this trade action? They usually sell at the news and buy back after news for next news to sell.
3, we expected a price retreat due to profit-taking when BAA came to the resistance at 0.17 and then back to where it was in days after it peaked. However, we actually got peaked for 5 days and any intention to put BAA down was failed. Now, volume is shrinking, profit-taking intention is diminishing, circle traders have no shares for this circle. How can the small fish here like you, key, mouse, howi and john re-establish the BAA 0.12-0.17 circle?
Retail investors may have no chance to buy BAA lower than $0.16 again.
A lot of people here expect to buy BAA at $0.14 again because they sold during the recent price gain.
I am also waiting for that price target because I still have 50K shares to be bought.
However, MM also wants cheap shares.
Today afternoon, I tested it. When ask at $0.1652 with 100 shares while bid at $0.1651 with several 300 shares separately, total bid less than 2000 shares. but after more 20k shares traded at $0.1651, the listed $0.1651 bid share number has not changed. So, I put 20K shares bid at $0.1652. However, another 2500 shares bid also at $0.1652 immediately listed. I saw many K shares traded at $0.1652, but my bid order has not filled. Then my bid rise to $0.1653, but other $0.1653 bid orders was listed immediately.
From the past 5 days, BAA traded between 0.16-0.18, it seems no more panic selling can be induced. also the volume is shrinking. I guess a lot of new investors came to BAA recently, otherwise we can not keep BAA to this level because many circle traders bought BAA at $0.12-0.14 and sold BAA at 0.16-0.18 recently, as they posted here or yahoo somewhere. They look impatient and desperate now based their posts because they worry they may miss BAA forever.
Actually, they may miss BAA forever because of a sudden price increase Due to:
1, continue increase gold price
2, close of deal
Welcome, newcomer!
leaving Coyote behind! and his 0.09 target!
ridiculous thinking!
Don't you think the increased production from both mines is not enough to make insiders' buy at the current price?
Actually, with the current production and the future production estimate that were released recently, I think BAA should be at least priced above 1 dollar if the market was fair.
So, I don't think the management buying is based on financing, but they are comfortable with the current company development and production. Actually, it seems no need for a bad financing term now. If the share price increases fast it will bring a lot of money by warrant excercise
It may not be filled if orders are below 0.155
if the recent buying was from institutions and they costed 0.16 per shares. They will not give retail a chance to buy at 0.14 per share
no, if I don't like or don't own a stock I will not go to the board.
any interesting discussion in GSS board?
May be, may not be o.45 when gold price is 1500. many investors will think GSS book value (0.19) and all in cost per OZ (1400+), shrinking revenue. So few people will cost 0.45 to buy 0.19 value
good advice!
I already bought some yesterday at close 0.1588
when gold reaches 1500 I may think buy GSS, but not heavily because its book value too low (0.19), that indicates GSS is emptying its gold reserve, or a dying miner. So, we may not have a crowded time for GSS from now on.
Anyway good luck to you
I followed your advice for 0.09 buy. so I did not buy at 0.12. Shame on myself for the 0.03 difference (0.12 - 0.09), but now BAA got a 0.04 difference (0.16-0.12).
If I follow your advice again I may shame on myself twice! Yes 0.02 difference (0.16-0.14) may be coming, but 0.04 difference (0.2-0.16), even 2.00 difference (2.16-0.16) still be possible
The gold sector is not hated now, but picking up right miner is critical. shrinking and high OZ cost companies should be avoided, no matter how low its price.
Yes, they sold and want to buy back cheaper. But they have no chance from now on.
1, day traders' shares were gone at very low price after the recent PR. Day traders act to sell on news and then buy back for the next news. however, some BAA long lovers like me managed to decrease BAA price on the news and then increase the price after news. So, day traders are completely removed from BAA.
2, BAA has a Controlled price increase for the past 4 days. doing this, profit-takers were removed at limited gains every day, not pump and dump.
3, we had higher low for the past 4 days at big volume: 0.12, 0.13, 0.14 and 0.15, So, it was difficult to take BAA down too much because weak hand shares should be gone completely for the past 4 days.
4, gold price is rising
You need be careful for GSS, it likes an old person, but BAA is a baby. so, their developments should be in opposite directions.
From the following recent quarters's data of GSS, we know its revenue is decreasing quarter over quarter, and the cost of revenue is almost equal to revenue.
Actually, I are studying GSS regularly because its price decrease is attracting in deed.
Ghana tax is also very high for miners.
09/2014 06/2014 03/2014 12/2013 09/2013
Operating Revenue 77,758 79,567 85,004 96,034 118,159
Adjustments to Revenue N/A N/A N/A N/A N/A
Cost of Revenue 70,269 77,902 83,860 88,440 91,138
GSS is much different from BAA. GSS has a very high all in cost per OZ.
When gold price is lower than 1400, GSS is losing money
the rally period is coming!
Last year, it was lowest at December 23 and started run from 24 until January 5 something. 50% increased. This year, it is doing the same thing and it was lowest again at December 23 and it started run 24....
Based on Naomi response to me We should have update for both financing and Namoya operation soon. I also think the management is still investors friendly.
Read my writing:
I read a lot of investor's comments about BAA and I found investors love BAA asset and potential, but they are disappointed to the silence and non-transparency of the company.
If BAA can do regular update, no matter good or bad, investors will be happier.
So, please tell the management updates investors as soon as possible, otherwise BAA price will decrease to single digit soon which will be a big damage to BAA management's reputation.
Read Naomi's:
Apologies for the delay in responding – I was away from the office at the end of last week. If I understand correctly, the board will be meeting this week and discussing a market update on both the financing and the Namoya mine progress.
If my investment is completely gone I will think this way: Market is not a place for investment, but a war field full of brutal people from wall street. So, I will be happy for the loss because I lose only money, not life. And then never think market again.
actually, I am continuously adding. Although I am nervous I afford the complete loss if it will be.
When it was above $1 I thought it was too cheap to ignore. Now there is no reason for me to think it is too expensive to buy