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Agreed. Time to buy or load more is now! We will be back above $.80 again when volume returns. Buy and hold.. set it and forget it type play.
The shakeup is good imo
Same here, been in this stock over 2 years buying dips. Flipped alil but always had strong core position. Patience will pay off, there are finally getting there sh$t together. Next 2 quarters will be much better
Good post. I completely agree. While it wasn't the best Q the balance sheet is looking so much stronger. This should be trading $.5 area minimum imo..
I'm going to buy more if there is a dip tomorrow.
Let's revisit in a Q or 2..
Sure sounds like fight is continuing! The part I liked the most was the special counsel will pay any fee's upfront..this sounds to me like the lawyers think there is a very good chance they do get atleast some money out of BP litigation case. Why else would they agree to front all fee's and still take this case on???
Anyone please chirp in if you have been following this case.
Thanks again Romang!
Agreed! Time to buy more if it dips imo
I agree, I asked him to do another article after the latest financial data came out and was expecting a more positive piece. Given the fact he left out all the bond payments are already escrowed and other key pieces of info makes me wonder if he just through this together hastily not wanting to spend much time on it because it's a penny stock..who knows? Either way I see BAA as one of the best gold stocks to buy and hold in 2016
Great points Stock. He did leave out key pieces I will ask him about some of the valid points you brought up to see if I can get a response and will post it here
New Seeking Alpha article here if anyone is interested..link here:
Love to hear your thoughts on this
http://seekingalpha.com/article/3964202-banro-year-big-turnaround?app=1&auth_param=3m3nj:1bgjo5n:3b0b788e000e485f560506e0ede48be9&uprof=45
Exactly, well said...I think it is (was) huge news. So many investors wont touch a stock with this issue outstanding...as mentioned "huge red flag" and most of the time the only way the company becomes complaint is by reverse split.
No RS here is huge in my opinion along with continuing to trade on NYSE.
Couple this with a great earnings report and awesome chart setup and we have all the ingredients for a nice run Hopefully blowing by 52 weeks highs
Happy Easter Everyone! Next week should be fun
Awesome news this afternoon, this is what I have been waiting for. Im been accumulating BAA for many years now, buying and holding...(flipping alil) but only to buy more.. This is by far my biggest holdings and Hopefully now we can chase down and then blow by GSS like we used to do..
Banro Provides a Corporate Update
TORONTO, ONTARIO--(Marketwired - Mar 24, 2016) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to report that it has received notice from the NYSE MKT LLC (the "NYSE MKT") that Banro is back in compliance with the NYSE MKT's continued listing standards. Specifically, Banro has resolved the continued listing deficiency with respect to Section 1003(f)(v) of the NYSE MKT's Company Guide referenced in Banro's September 29, 2015 press release.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and the ramp-up to full production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.
Banro Corporation
Martin Jones
+1 (416) 366-2221, Ext. 3213 or +1-800-714-7938, Ext. 3213
info@banro.com
Buying more of this to average down, probably will triple down on my initial buy.. waiting for something to transpire I hope there working on it behind the curtain..
Yes, thats why I grabbed a bunch yesterday morning on the dip..nothing changed except the exchange
Thats what Im banking on too, nothing fundamental has changed just there exchange, looking to get back in today or this week once the dust settles
GLTY
Maybe he knew this was being moved off the NYSE and will begin trading on the OTCQX exchange this coming week? Killed any run up for now imo
Whats keeping this POS down? I thought all you big money penny players would get us the MOMO we need..tons of volume recently with nothing to show for it!
Just sold my ARO today, looking for new play..got anything not on Otc exchange that u like or been looking at?
Did u sell that knife play yet?
Good day for AT getting past $1.80 wasn't easy for heavy resistance holding this down next resistance $1.90 area imo...
Yeah that's the game, ur still in great shape though... can u stomach watching it drop back alil and when to jump ship..ur a great trader / investor with tons of experience (esp pennys) so u will make the right call
Yeah I bought FREE at $.0251 today not a ton but enough..looking for short mid term hold there..
Congrats on HGNR!
Watching WRES closely to see where it goes..have some cash waiting on something decent
EB, what's up with you? How's work going? Do u want to take a small flyer on WRES with me at $.05 area if it goes that low?
Agggrrr so frustrating! Damn it..might be a long ass hold till this pos recovers but they probably are the ones who can do it
Hopefully this makes it out into higher oil and gas prices
Looks like a good area for Re entry..
My pick BAA $.2 Banro Corporation
Yes! 2016 is looking good for AT..future is bright..huge vote of confidence when board members are buying common shares and continue to buy plus the new NCIB..
I didn't sell anything yet..this is my biggest portfolio holding right now
Atlantic Power Corporation and Atlantic Power Preferred Equity Ltd. Announce Normal Course Issuer Bids for the Company's Convertible Unsecured Subordinated Debentures, Common Shares and Preferred Shares
8:29 PM ET 12/22/15 | PR Newswire
Atlantic Power Corporation (TSX: ATP) (NYSE: AT) (the "Company" or "Atlantic Power") and Atlantic Power Preferred Equity Ltd ("APPEL") announced today that Atlantic Power intends to make a normal course issuer bid ("NCIB") for each of the following series of the Company's convertible unsecured subordinated debentures and its common shares and that APPEL intends to make an NCIB for each of the following series of its preferred shares (collectively, the "Public Securities"):
a) the 6.25% Convertible Unsecured Subordinated Debentures due March 15, 2017 (the "6.25% Cdn$67.3 Million Debentures") (TSX: ATP.DB.A);
b) the 5.6% Series B Convertible Unsecured Subordinated Debentures due June 30, 2017 (the "5.6% Cdn$75.8 Million Debentures") (TSX: ATP.DB.B);
c) the 5.75% Series C Convertible Unsecured Subordinated Debentures due June 30, 2019 (the "5.75% US$117.0 Million Debentures") (TSX: ATP.DB.U);
d) the 6.0% Series D Extendible Convertible Unsecured Subordinated Debentures due December 31, 2019 (the "6.0% Cdn$90.0 Million Debentures") (TSX: ATP.DB.D);
e) the common shares (the "Common Shares") (TSX:ATP);
f) the 4.85% Cumulative Redeemable Preferred Shares, Series 1 (the "Series 1 Preferred Shares") (TSX: AZP.PR.A);
g) the Cumulative Rate Reset Preferred Shares, Series 2 (the "Series 2 Preferred Shares") (TSX: AZP.PR.B); and
h) the Cumulative Floating Rate Preferred Shares, Series 3 (the "Series 3 Preferred Shares") (TSX: AZP.PR.C).
Under its previous NCIB, Atlantic Power purchased Cdn$150,000 of its 6.25% debentures at an average price of Cdn$87.12; Cdn$4,661,000 of its 5.6% debentures at an average price of Cdn$91.71; US$13,000,000 of its 5.75% debentures at an average price of US$80.80; and Cdn$10,000,000 of its 6.0% debentures at an average price of Cdn$82.19.
Atlantic Power and APPEL believe that their Public Securities may trade in ranges that may not fully reflect the value of the Public Securities. As a result, Atlantic Power and APPEL believe that the purchase of their Public Securities from time to time can be undertaken at prices that make the acquisition of such securities an appropriate use of Atlantic Power's available funds. In addition, purchases under the NCIBs may increase the liquidity of the Public Securities.
Atlantic Power and APPEL will enter into a pre-defined automatic securities purchase plan ("ASPP") with their broker in order to facilitate repurchases of their Public Securities under their NCIBs. Under the ASPP, commencing December 29, 2015, the broker for Atlantic Power and APPEL may repurchase their Public Securities under the NCIBs at any time, including without limitation when the Company and APPEL ordinarily would not be permitted to due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by the broker based upon the parameters prescribed by the TSX and the terms of the parties' written agreement. The ASPP will be in place for the one-year period of the NCIBs. RBC Capital Markets has been appointed as the broker of record for the Company's and APPEL's NCIBs. All Public Securities purchased under the NCIBs will be cancelled.
As of December 17, 2015, Atlantic Power had outstanding:
a) Cdn$67,283,000 principal amount of the 6.25% Cdn$67.3 Million Debentures;
b) Cdn$75,839,000 principal amount of the 5.6% Cdn$75.8 Million Debentures;
c) US$117,000,000 principal amount of the 5.75% US$117.0 Million Debentures;
d) Cdn$90,000,000 principal amount of the 6.0% Cdn$90.0 Million Debentures; and
e) 122,150,444 outstanding Common Shares.
As of December 17, 2015, APPEL had outstanding:
f) 5,000,000 outstanding Series 1 Preferred Shares;
g) 2,338,094 outstanding Series 2 Preferred Shares; and
h) 1,661,906 outstanding Series 3 Preferred Shares.
Under the NCIBs, the broker for Atlantic Power and APPEL may purchase up to 10% of the public float of Atlantic Power's convertible debentures and common shares and up to 5% of the amount issued and outstanding of APPEL's preferred shares, determined as of December 17, 2015, up to the following limits:
View data
Limit on Purchases (Principal Amount) Total Limit (1) Daily Limit (2) a) 6.25% Cdn$67.3 Million Debentures Cdn$6,717,300 Cdn$8,004 b) 5.6% Cdn$75.8 Million Debentures Cdn$7,583,900 Cdn$18,378 c) 5.75% $117.0 Million Debentures US$11,700,000 US$25,373 d) 6.0% Cdn$90.0 Million Debentures Cdn$8,995,000 Cdn$11,570 Limit on Purchases (Number of Shares) Total Limit (3) Daily Limit (4) e) Common Shares 12,139,215 22,600 f) Series 1 Preferred Shares 250,000 1,000 g) Series 2 Preferred Shares 116,904 1,000 h) Series 3 Preferred Shares 83,095 1,000
View data
Notes: 1. Represents 10% of the public float. As of December 17, 2015, the public float of the 6.25% Cdn$67.3 Million Debentures was $67,173,000; the public float of the 5.6% Cdn$75.9 Million Debentures was $75,839,000; the public float of the 5.75% US$117.0 Million Debentures was US$117,000,000; and the public float of the 6.0% Cdn$90.0 Million Debentures was $89,950,000. 2. Represents 25% of the 6-month Average Daily Trading Value ("ADTVA") on the TSX. The ADTVA for the 6.25% Cdn$67.3 Million Debentures is $32,020; the ADTVA for the 5.6% Cdn$75.8 Million Debentures is $73,512; the ADTVA for the 5.75% US$117.0 Million Debentures is US$101,493; and the ADTVA for the 6.0% Cdn$90.0 Million Debentures is $46,283. 3. For the Common Shares, represents 10% of the public float. For the Series 1 Preferred Shares, the Series 2 Preferred Shares and the Series 3 Preferred Shares, represents 5% of the amount issued and outstanding. As of December 17, 2015, the public float of the Common Shares was 121,392,151; the public float of the Series 1 Preferred Shares was 4,000,000; the public float of the Series 2 Preferred Shares was 2,338,094; and the public float of the Series 3 Preferred Shares was 1,661,906. 4. Represents the greater of 25% of the 6-month Average Daily Trading Volume ("ADTVO") on the TSX or 1,000 shares. The ADTVO for the Common Shares is 90,400; the ADTVO for the Series 1 Preferred Shares is 1,539; the ADTVO for the Series 2 Preferred Shares is 1,230; and the ADTVO for the Series 3 Preferred Shares is 787.
Atlantic Power and APPEL intend to commence their NCIBs on December 29, 2015. The NCIBs will expire on December 28, 2016 or such earlier date as the Company and/or APPEL complete their respective purchases pursuant to the NCIBs. All purchases made under the NCIBs will be made through the facilities of the TSX or other Canadian designated exchanges and published marketplaces and in accordance with the rules of the TSX at market prices prevailing at the time of purchase. Common share purchases under the NCIB may also be made on the New York Stock Exchange ("NYSE") in compliance with rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, or other designated exchanges and published marketplaces in the U.S. in accordance with applicable regulatory requirements. The ability to make certain purchases through the facilities of the NYSE is subject to regulatory approval. The actual amount of Public Securities that may be purchased under the NCIBs is subject to, and cannot exceed, the limits referred to above.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power generation assets in the United States and Canada. The Company's power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. Atlantic Power's power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,141 megawatts ("MW"), in which its aggregate ownership interest is approximately 1,504 MW. The Company's current portfolio consists of interests in twenty-three operational power generation projects across nine states in the United States and two provinces in Canada. APPEL is an indirect wholly-owned subsidiary of Atlantic Power.
Atlantic Power trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company's website at www.atlanticpower.com or contact:
Atlantic Power Corporation Investor Relations (617) 977-2700 info@atlanticpower.com
Copies of financial data and other publicly filed documents are filed on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or on the Company's website.
Cautionary Note Regarding Forward-Looking Statements
To the extent any statements made in this news release contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and under Canadian securities law (collectively, "forward-looking statements").
Certain statements in this news release may constitute "forward-looking statements", which reflect the expectations of management regarding the future growth, results of operations, performance and business prospects and opportunities of the Company and its projects. These statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of the words "may," "will," "project," "continue," "believe," "intend," "anticipate", "expect" or similar expressions that are predictions of or indicate future events or trends and which do not relate solely to present or historical matters. Examples of such statements in this press release include, but are not limited, to statements with respect to the following:
-- the Company and APPEL believe that their Public Securities may trade in a range that may not fully reflect the value of the Public Securities;
-- the Company and APPEL each believe that the purchase of its Public Securities from time to time can be undertaken at prices that make the acquisition of such securities an appropriate use of Atlantic Power's available funds;
-- that purchases under the NCIBs may increase the liquidity of the Public Securities;
-- the Company and APPEL will enter into one or more pre-defined automatic securities purchase plans with their broker from time to time during the course of the NCIBs to enable purchases of their Public Securities under the NCIBs to be made at times when Atlantic Power and APPEL ordinarily would not be permitted to, due to self-imposed internal blackout periods, insider trading rules, or otherwise, subject to certain parameters;
-- the Company may purchase up to 10% of the public float of its outstanding Public Securities and APPEL may purchase up to 5% of the public float of its outstanding Public Securities;
-- the Company and APPEL intend to commence the NCIBs on December 29, 2015; and
-- the NCIBs will expire on December 28, 2016 or such earlier date as the Company and/or APPEL complete their respective purchases pursuant to the NCIBs.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at or by which such performance or results will be achieved. Please refer to the factors discussed under "Risk Factors" and "Forward-Looking Information" in the Company's periodic reports as filed with the Securities and Exchange Commission from time to time for a detailed discussion of the risks and uncertainties affecting the Company. Although the forward-looking statements contained in this news release are based upon what are believed to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/atlantic-power-corporation-and-atlantic-power-preferred-equity-ltd-announce-normal-course-issuer-bids-for-the-companys-convertible-unsecured-subordinated-debentures-common-shares-and-preferred-shares-300196699.html
SOURCE Atlantic Power Corporation
Lookin at getting some today, any reason for the drop today last week besides tax loss selling?
Good article, thanks for sharing.
Very interesting indeed...intriguing shpuld I call him and ask why...doesnt the trust have the right to buy back now at $.25 cents on all units?
With all those lawyer fee's it seems to me like it wasnt even worth pursuing! Those lawyers are still milking anywhere and everywhere they can..the lawyer cost probably didnt even cover that $15k
Just horrible
Have we lost all hope here??
How much did he buy recently and how much total does he have do u remember?? I think it continues to slide jmo
Company to implement a new NCIB plan for common shares and preferreds according to last Q conference call
"In addition, our common stock is trading at a significant discount through our internal estimates of intrinsic value per share. Consistent with this view, we plan to include the common shares in a new NCIB. Lastly, we want to thank our shareholders, who stayed with the company through the turmoil in the energy and power markets in recent months. We remained focused on increasing intrinsic value per share and by that measure we’re having a very good year."
Haliburton Only had to pay back $15k to ATP estate to settle this? Is that how its read?
Im in end of day today AT had a rough one..lets see if this is bottom? Lot of short sales or no?
Havent made my 1st purchase yet, Im waiting to see where bottom might be at..unfortunately looks like it might be $1.10 area like you suggest
Yeah when oil rebounds this will pop
I agree, this looks good to add before year end..low oil wont hurt this company as bad as most other oil stocks imo
Just curious but based on your ounces estimate...what would be the approx earnings per share for BAA?
How many ounces do you think Namoya mine does this quarter, from your estimated total ounces?
NEEDS VOLUME, either way here..
I agree, some of the calls the refs made in last nights game were horrendous! Not just this game either, but most if not all NFL games this year the REFS have made stupid flags, the gaem does look different VS the older days, too bad they have gone this far to the extreme..hopefully they do get back to playing football without a flag after every other play!!
CWTC we have great seats, front row! Target should be $.1 area..agree?
NICE VOLUME ON COBI TODAY Probably has alot to do with the Skull/Bones being lifted from otc markets.. $.01 Target
http://www.otcmarkets.com/stock/COBI/quote