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It looks people don't care much of the FED just before the announcement.
If until Friday, JNUG still does not go under 4 or even under 5, do you buy JNUG?
Hi, WZ, Do you think JNUG will be back to above $10 after March 15 of rate hike, or it will be down to $4 before March 15?
Thanks
Hi WZ, you mean agricultural demand for NG? why?
Thanks
Thank, this explanation is my understanding
Hi, WZ
I still don't understand that we already are fully in April trade for UGAZ or DGAZ. How the Contango will affect UGAZ or DGAZ when the March contract rolls into April contract? Now April NG price at $2.956. Do you mean if April NG price goes to $2.5, but UGAZ or DGAZ will be priced not based on $2.5, but will be priced based on lower than $2.5 because of the contango?
My understanding is that UGAZ or DGAZ still will be priced based on $2.5 or whatever NG rice will be.
Maybe I am wrong, but I read many information from the board provided, I still have difficulty to understand your contango effect.
Thanks
Hi, my,
That color blue or red means temperature or something others?
If blue means low and red means high temperature?
Thanks
Hi, baystock1
I cannot reply the private email.
Both BAA and gold almost went back to the price at beginning of 2016. BAA's future is heavily depend upon gold price, but gold price has been manipulated by banks. I hope the Islamic gold standard will change the situation from 2017.
For safer, I sold half BAA just recently with big loss, but I got the loss back from UGAZ/Dgaz trade. I will keep the other half BAA for all or none. I still think the chance of success for BAA is greater than bankruptcy.
thanks a lot for your explanation. It makes sense.
Does any one noticed that today GDXJ decreased 4%, but JNUG unchanged. Why?
can anyone explain why GDXJ decrease 4% while JNUG keeps unchanged? While JNUG is 3x GDXJ. Strange!
Where you get that 50 BCF withdrawal for next Monday? If it is true, that would be huge. Although celsiusenergy prediction is 39 BCF which is still much bigger than 5 year average of 11 BCF withdrawal.
I am heavily in UGAZ, so hope the 50 bcf becomes true.
but celsiusenergy predicted 23Bcf, not 31Bcf injection. So, I think we may have another website.
Would you please show where we can find the storage prediction?
Thanks
Thanks a lot for the many helps at the weather and rollover issues. It is for sure that I still need to learn many things both from you and from searching.
I am new here. Could you please explain "rollover contango factor" in some details?
Thanks
Thanks for your detailed explanation. But I could not play it. Do I need to pay for registration?
would you please tell us how to read those numbers in the link?
Thanks
It should be out the coming Monday based on Martin's email (nine day after Q end). That means today is the last day for under $0.3
Expecting institutions buying from now on.
Martin's response of my email:
"The production results are always released about 9-10 working days after the quarter’s end. CEO John Clarke spoke at the Denver Gold Show and met with several fund managers last week – so our promotion is starting up."
So, if you want to be on BAA train, don't wait until the production release.
This is a good question, with it to be known, we can estimate the net income for Q3 and later Qs
I think many traders who did not digest the earning release well will be panic when they saw the big $0.04 loss. So maybe deep red will be before the CC. When people gradually understand the earning and the future I think BAA will go to $0.6 - $0.7 before the end of this month. I guess BAA will have $20M+ free cash flow for Q3 and $30M+ free cash flow for Q4. So BAA net income must be positive for Q3 if gold price lower than $1400 and BAA price lower than $0.7 in Q3.
The 50% production purchase by Baiyin will also contribute a lot to net income because it will save 50% sale cost
Non-cash charge will be forever, if gold price and BAA price increase year after year. The more the gold and BAA price increase, the more the non-cash charge will be before the gold streaming and warrants completed.
I remember I already explained that kind of things in detail after Q1 earning release
You can easily calculate the cash flow from operation, excluding cash flow from investment and financing.
On page 4 of the finance report, we know Q2 2016 BAA made about $8M cash flow in its operation, not burnt cash flow ($15.5M Depletion and depreciation, plus $6.1M non-cash charge, minus $13.4M loss) while Q1 2016 burnt $2M cash flow in operation. So, BAA does not need more money for maintaining its operation, actually it will have extra money to repay debt. That is consistent with the $2.5M debt repayment each month. (Q2 made $8M free cash, repaid $7.5M debt, that meant $2.5M x 3 months)
Many people still don't know how to read finance.
The Q2 is actually much better than it should.
How can people read finance just based on gain or loss? We could be a big net income, if Gold price were $895 and BAA price were $0.10. Or we should have even a much bigger loss if gold were $1500 and BAA price were $2.
So, the only standard to evaluate finance is cash flow from operation.
It is the first time for BAA to be positive cash flow from operation
three months June 30, 2016, $ 2,618k
three months June 30, 2015, $(4,800K)
six moths June 30, 2016, $(7,884K)
six moths June 30, 2015, $(12,952K)
So, BAA made a new record in its history.
I got the same email related to the earnings as you got, but more information for me because I sent more questions in my email.
From me:
It is time for BAA to release earnings. Will BAA release on time or it will delay because of the current CFO departure?
From Laurie:
Thank you for your inquiry.
The CFO has decided to leave for personal reasons, they are not business related.
We will be releasing the 2nd quarter financials tomorrow. We will have an earnings call on Thursday August 11th at 11 am Toronto Time. We will issue a press release tomorrow, when 2nd quarter financials are released providing all the dial in numbers for the call.
Regards,
For the predictable 8-10 days, the whole USA is going to be much hotter than normal and Pacific area had a 1 BCF withdrawal last week. Expect NG reaches above $3 in several days.
With Baiyin's 16% stake in BAA and its support to BAA future, it is not too far from $10. ( Many people still don't know who is Baiyin. Many Chinese big banks are Baiyin's holders.)
Thanks for the information. If more investors read your post in this week, I am sure we will see BAA above $0.50 before end of the week
Forget mentioning one thing, why Baiyin buy gold dore? Because it builds a gold refinery plant based on its news that was released when BAA CEO visited Baiyin the past May.
So, I think Baiyin will buy all of BAA dore if BAA does not want to find other buyers later or if BAA wants to save all of sale cost.
It seems many like you misunderstand the "dore".
All of gold from miners is called Gold dore, so BAA sells 50% gold dore production to Baiyin means BAA sells 50% of its whole gold production to Baiyin for market price. So, BAA will save 50% sale cost yearly.
Also, you misunderstand the gold dore sale agreement and the loan. They are two different agreements. Loan will be paid by interest and principle, but dore sale is for income, not for repay of the loan.
It seems nobody mentions the $10M loan as a good thing, so I think not many persons here know business.
Many people here thought the $10M loan because of cash shortage, but they did not think why.
BAA will have 50% production increase in H2 than H1 (60% for H2 and 40% for H1 as guidance). Do you think BAA should increase this 50% production without any increased materials purchase? If you think BAA should purchase increased materials for the 50% production increase in prior, then please calculate the difference between $10M loan and the income of the 50% production increase. The 50% production increase for H2 means 50-60K OZ production increase or $70-80M income increase.
We also know $5M loan now and $5M loan for September, that means BAA management plan for the future in advance to be safe for the increased 50% production.
Yesterday's news should make BAA price 20-30% increase at least.
The 50% dore sale agreement will save BAA 50% of sale cost each year, that should be muti-millions of dollars save.
The $10M loan from Baiyin gave us a signal that BAA will get money easily from now on if it needs in future.
So, please sell, sell BAA for Blue's under $0.30
BAA power is yelling: If you want to go, thanks for your shares; but if you want to back, no cheap things for cheap people.
Flippers still did not see the pattern: Everyday recently, running up - washing - running up again.
Flippers will have bitter experience from now on until $1.
It looks not running up of gas. It is the BAA power style: Running up and then cleaning residual shares to make new basement, and then running up again to make sure the flippers killed at the basement.
Last year totally different from this time. Last year it was traders' control of BAA market, it was easy to predict day by day based on chart something. Now it is real BAA investors' control of BAA market. So the chart is not effective anymore. That was why I posted a response to Clay's chart analysis and told him a time waste two days ago.