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But the other stuff I did not mean funny.
The yen is already rising slightly for the Nikkei. We'll see if gold goes up.
If you look at BAA from the very bottom, it was good today.
And besides, BAA produces very cheap. Per ounce with a very cheap share price.
1%, the dollar is weaker. And gold has not won.
The Yen became even weaker with the dollar.
If at night the yen should rise to weaken the stock market, gold will also rise a little.
My opinion
BAA has kept well, but the volume is funny.
Agree, miners moving up here.....thanks.
The dollar and gold.
I have previously posted that Trump has complained to Japan and Germany. He has said that these exporting countries are deliberately pushing their currency.
For him, this was the explanation for a too strong dollar and the US trade deficit. If he gets support on this point then it can be that the US weaken the dollar.
Especially the euro and the yen would then rise. Despite zero interest rates.
In this scenario, so it comes, I can imagine a strong gold price.
Gold would be attractive to these countries with stronger currency.
The general stock exchange would not benefit there.
Was not so bad for the mines.
I expected higher losses. I was wrong.
Even BAA has kept itself very well.
Stock exchanges are on the up. Swiss stock exchange, year high.
Most currencies have fallen against the dollar. Their indexes are increasing.
Gold has fallen nearly 20 USD. The yen, at the same time, lost quickly, with gold.
The values like banks, I suspect, are rising today.
The American stock market will grow, today.
I do not expect a funny day for mines.
BAA looong with my opinion
I HAVE READ ALL BOOKS ABOUT HIM,
I also read all reports on BAA,
And I believe that politics in the Congo has a great influence on BAA.
And I have not believed that you answer so late.
I was also busy baking bread.
I always want fresh bread, when I then watch at the streamer, and BAA.
BAA rises as do miners as does Gold. I agree
Yes that was it, thanks for the answer. And I did not need a computer for it. I've been sweating. Cooks do this.
All were happy
I hope for all of us that one day we can still be satisfied with BAA.
But I would be more glad about justice and peace.
I have a dream ... Who said that?
Assassinated: April 4, 1968, Memphis, Tennessee, United States
BAA..UP?
I'm still busy in the kitchen. But I'll try to make a contribution later .I have not even opened the Forex account today.
Wolff does not make friends. I have seen him many times.
It is worth finding a translation. He makes lectures, and he explains the
Money management in no time.
It would be good for all BAA or mine investors to see such people.
This is nice when someone thanks.
Unfortunately, this behavior is quite lost.
I hope you can do something with it. In his native German, he is a force.
I gladly posted. All the best and nice Sunday
Xau climbs better than the JPY. Maybe this will be a green Friday for mines?
Who knows?
Banro could also go up? -who knows?
But still good news gold rises a little.
A little is better than nothing at all.
For friends of precious metals and BaAA
I wrote to the company again,today.
My mails and the complaints.... they did not answer.
Even though I had a lot of contact with the company in the past.
I'm sorry, I have no better news.
This message from me was about Banro, or BAA
If someone has the mail address of John Clarke,
Please post here.
Every fun is rewarded.
I showed something to my son's baby. The estimate of the company for 2016.
Then the results. It screamed and screamed.
Then I gave him the estimates for 2017. And the first quarter report of Banro. I told him about the rainy season.
Then the baby laughed and laughed.
I told him to stop. Because there are also miracles.
This is, of course, a fictitious story. I will never tell this child of Banro. That remains my secret.
Banro long
Nikkei is a little down, while the yen had won. Gold too.
Now the stock market in Japan is closed. The yen loses, and gold also.
I feared. We will see what the US market is doing.
I'm curious if Banro is stable today.
Gold and currencies can not be seen as a trend.
Gold is made unattractive.
This could also be a good sign.
For today I do not bet.
BAA
Thanks for the interesting conversation.
Hasta
BAa
The problem is they can make whatever they want.
No state in the world can go bankrupt. Under a condition.
They must be able to produce their own currency.
That is fact. Banks can cause a crisis. This is allowed.
Then some are saved, others are not. There is also a way to make great things even bigger.
This can lead to a collapse like 1929.
Stock exchange high, bought with credit, extreme all-time high.
The next crash could look nasty.
We will see
BAA
But only if the dollar does not rise against the yen. That does not happen.
But he could rise enormously against the euro and the pound. Who knows?
Basically, I agree.
Good theory. This can be seen in oil companies. The makers can push the price until all small companies are done.
I will invest in the future in gold companies that have no-debt.
One I have called you.
I've already told you.
I used to buy yen loans and buy dollars.
No interest has been paid for the yen for 2 decades.
When you buy with Yen Credit Dollars? What is happening?
You do not pay interest on the loan, only processing fee.
This is laughable. If you get better interest rates for the dollar in the future ....
What is happening? The dollar becomes attractive. If you get long interest rates and the dollar rises? Do you have a double win. You must get out of the dollar in time.
Returns your yen credit. I have made. Does not go for small hoppers like us. But the big guys are allowed. For us, they have changed the rules.
If the corrupt Fed continues to raise interest rates, all of this will return.
Then we have a super-weak yen and gold can also drop extremely.
That is why I became cautious. I see all the connections.
But still I want to be invested with a reasonable amount of gold
BAA
I'm only acting. I'll take profits immediately and re-enter if the RSI shows it to me or the stock exchange. it works.
But in the long run you can be right I'll explain that..later
Thanks sio I'm afraid you're right.
Like the stock price you told me. I did not want to believe it then.
But in part I have listened to you.
Thanks for the answers.
nagoya1 That you can believe me, if you want.
This was a larger section of the mail from Martin
It was a conversation about the agricultural project
.....we have no problem with drought. There is a rainy season that begins every year around September 12 and ends in mid-May. The ground does become parched by early September, but it has been this way for all of living memory in the eastern DRC. The real challenge for the farmers is lack of adequate agricultural knowledge and tools and fear of making investments due to the volatility the region has experienced in the past. Logistical challenges in getting produce to market is also an unfortunate fact of life.........
Martin Mo 17.04.2017 08:24 "Martin Jones" <MJones@banro.com>
I wanted to know if the Congo suffered from drought.
How many African countries at this time. Africa is great.
Martin said no. No problem with dryness.
I wanted to know how it was at the mine.
In this way I have learned that rains would not be a false excuse, in the next report. Can you follow that?
If you want you can see that I'm not stupid.
BAA
BAA yesterday had the best trading volume, since a few days.
Over 100 T shares. 10 times as much as I have.
But she spent most of her time in the plus, like other mines.
Only to the end she went on unchanged.
Well, not so bad.
Has anyone of you already thought about it? .....
What if the company is sold completely?
What does a buyer pay for the debts? And how does he solve the commonshares?
Everyone knows the assets and the debts. The number of shares.
What would we get?
Opinions?
Good summary. Agree, and have the same hope.
good luck
This is the rainy season, according to Martin.
He worked for Banro. I got that from his mail.
Recharge again. 8 months, not 9 . The rainy season is different.
In some months there are floods and in the others is often rain, without catastrophic conditions.
This is not only found in tropical areas, but also in subtropics.
I have both experiences.
The representation of Martin was correct. The rainy season includes precipitation of various dimensions.
Is this o.k. for you?
Yes, yes, yes my bet was ok.
Yen has risen. I hope more long-term than yesterday.
The Japanese stock market must follow the American market.
That goes with a higher yen, then the stock market falls.
Gold is rising. I hope also tomorrow, not only for trade in Japan.
I like the game.
The 1250 mark was exceeded. I hope for Banro and other mines that it holds.
How to say ... we'll see.
BAA long
Memories for veterans
bullforever Friday, 11/06/15 07:58:30 AM
Re: StockItOut post# 44391
Post # of 61279
The Wall Street Journal article "How a BlackRock Bet on African Gold Lost Its Luster" made me added another 85K shares of BAA.
Although the attitude of the article is negative the facts mentioned are greatly positive.
1, "In Cinjira, a mountaintop village built for people displaced by Banro Corp.’s industrial gold-mining operation in eastern Congo, residents dig gold ore from the hillside and use a series of small ponds to separate out the gold, in contrast to industrial methods Banro uses in its mine nearby"
This indicates how rich in gold BAA mines are.
2, "A man digs ore from the mountainside beneath his village. While Banro uses industrial methods in its mine in the background, these ‘artisanal’ miners carry buckets of ore uphill on their heads to bring it to their processing area and work it by hand"
This indicates how effective BAA gold processing is, so the profit must be great.
3, "In Cinjira, ‘artisanal’ miners use water to separate gold from dirt. They say they hand-mix mercury into the concentrated ore—it binds to the gold, making it easier to extract"
This indicates how easy extraction of gold around BAA mines is
4, "a bulldozer working on a Banro waste pile dislodged a rock that struck 16-year-old Bukuze Kabalabala, who died hours later, say locals. Villagers stormed Banro’s gate. “It created an enormous animosity,” says Crispin Mutwedu, a Banro employee in Congo who handles community relations. He says he offered Ms. Kabalabala’s father two cows’ value and that they settled on $16,000, about eight cows’ value"
No matter it is true or not, accidents are normal for mining. but it indicates how economic and easy to deal with accident in Congo.
5, "A new Banro mine, in Namoya, was on a jungle road that militia leader William Yakutumba says he controlled. Last year, a United Nations committee reported, his militia attacked villages and boats, stealing money and raping women. A Banro contractor agreed to pay Mr. Yakutumba’s men to let their drivers pass, say people involved in the convoys.
Mr. Clarke wrote: “At no time did Banro ever pay money, or pay tolls, or provide any favour to ANY armed rebel, to gain some sort of road access.”
Mr. Yakutumba says his group helped Banro workers travel the route but “never taxed Banro"
It indicates BAA gets reputation even from militia or armed rebel, so unrest in Congo does not affect BAA.
6, "In Twangiza, tensions continued. On May 29, Ishara Chasinga, then 18, left home and saw protesters blocking Banro’s gate. Villagers say a Banro truck and mine police pulled up.
“They just got off the car and started shooting,” said Mr. Chasinga five days later at the hospital.
A bullet pierced his leg, he said, showing his bandaged thigh. Protests continued for two days. Mr. Clarke in July said the shot was a warning and hit Mr. Chasinga accidentally, but was “inexcusable.”"
It indicates how powerful BAA is.
7, "Starting in 2010, after the government approved Banro’s plan to mine near Katombwe, about 1,000 people were relocated from a fertile hillside where Banro would build its mine to Cinjira, a barren mountaintop. Cinjira residents say crops won’t grow well there.
Banro built homes, a market and a water system for the displaced. It provided some with cash compensation. Banro’s Mr. Clarke wrote that the relocation “was voluntary,” that Banro didn’t choose the relocation spot and that “the Cinjira site was chosen by the community.”
Cinjira residents say police came to their homes and said they must leave. The local government leader, Esperance Barahanyi, says an official from Congo’s capital made the site decision."
It indicates how favorable to gold mining and BAA Congo policy makers are.
I believe many institutions and retails will be attracted to BAA after they read this article.
Good link, thank you, is new to me, to thank not, the link!
Thanks
Sio, I would have liked to discuss the book value of BAA.
I know the book value can be misleading, but it is still a foundation.
Have you looked at the value with the new numbers?
You can expect a little for us? , or do you have a link for it?
Thanks i.a.
Ha ha, yes we must be different.
And still get together.
If we all scream like sheep, then we fade.
You see how the world is.
We should talk about Banro, and do not fight us.
I try to be objective.
Thanks, funny message
December 30, 2016
Banro Provides a Corporate Update
TORONTO, ONTARIO--(Marketwired - Dec. 30, 2016) - Banro Corporation (the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that it has received notice from the NYSE MKT LLC (the "NYSE MKT") pursuant to Section 1003(f)(v) of the NYSE MKT's Company Guide that, due to the Company's current low selling share price, the Company's continued listing on the NYSE MKT is contingent upon the Company effecting a share consolidation or otherwise demonstrating a sustained improvement in its share price within the next six months (or such longer period as may be agreed to by the NYSE MKT).
The Company remains focussed on the replacement of its Senior Secured Notes maturing March 2017, and will update the market accordingly as it continues forward.
Thanks for your answer
There is a rainy season that begins every year around September 12 and ends in mid-May. The ground does become parched by early September, but it has been this way for all of living memory in the eastern DRC.
This is part of a mail from Martin.
I do not know how to repair the bad first in the last few quarters.
It falls a whole quarter in the rainy season. And that was always a problem for Banro.
Also last year, the last two Qs were named as the salvation of the estimate.
Because I prefer a better gold price for my hopes.
Anyway, my opi
Why should other listing rules apply to Banro? Now?
Do not understand why this is a discussion. Now?
4.6 times my current share number.
I'm glad I reduced the original to a quarter.
I'm overwhelmed.
Question .... Why should I buy now?
I do not get the slightest information from the company.
Something I can not recommend now.
This is irresponsible.
Baa long
The trading volume is close to zero.
What I see is that the company does not respond to any inquiries. Not even refusing.
How much BAA did you buy today? It's a good day to buy.
What is here off topic? Nothing. He forgot the fight against short sellers. This is fact.
BAA long
Yes, probably .. It is very negative when an investor asks for information.
Poor management, always asks someone.
Different for press conferences. No one asks.
This was also negative. That's why Banro did not hold any more.
Are very sensitive the guys.
And it would be good if you justify why you are optimistic.
I can not find anything positive except the potential.
Why can not the company answer me? Despite complaint.
About Namoya, whether normal production, or safety improvements.
About Twangiza, the fincrusher .....
Why there is still no PR.
Why nobody replaces Martin J.
Why they do not list any other metals in the results.
Is this your dream of a company?
A small car dealer would be more polite to its investors.
BAA
I have not read before my answer.
I am glad
BAA