BAA
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lol - you are funny today but marginally means almost not noticeable, insignificant even in Canadian.
I was about to write exactly the same thing. This depends on gold now - BAA is still as a gold digger, performing quite nicely as the two mines reach a steady-state production.
Martin/BAA cannot inform individual investors about an expected miss on predicted production. This needs to be done altogether in a PR... and it doesn't warrant a unique PR because they cost money.
As Stockitout has pointed out, they expected to have the fine crusher installed by Q3 but that was disrupted because they operate in the Congo where things get rough sometimes and there aren't always roads to transport equipment... so since it still isn't installed it would be normal that can't reach their target.
A positive EBITDA is good news.
They probably stuck very closely to the script... anything interesting on the call?
They are avoiding the market. They didn't want to talk with investors or interested parties, obviously.
It is not bad either... This is because operating costs now include Namoya whereas they weren't included last year.
Could it be related to the gold Dore deal?
-0.02 EPS
Conference call at 8 am tomorrow. Wow - they don't want to talk to investors.
Wow. What is your target price?
If bankruptcy were to come, you're about 4 months early. The bond isn't due until March. But that won't happen because it will get refinanced.
Does anyone know why BAA is the only miner to receive these kind of slanderous, baseless attacks?
And still close higher than it opened.
The question however, is: if Clinton is elected, will gold continue to drop or will it be baked in now?
Probably shouldn't but I feel like buying more...
I haven't given up hope yet (completely) because I feel it is only a matter of time before the rest of the market recognizes that a company trading at 20% BV is is steal of a deal.
I think it is the complicated debt structures that are causing the general mal... once gold passes 1400, almost all the risk here will be removed.
The market cap argument is irrelevant as it is based on an irrational market evaluation.
In a rising gold price environment, which coexists in a historically low rate environment, I don't see any problem refinancing $170M of a company with an EV of almost $900M who now have two fully operational battleships.
Thanks for the info. A little bit of interest in this equity would send the PPS much higher.
GSS underproduced BAA by 8,000 ozs!
GSS produced only 44,974 ounces in q3 compared to 53,377 oz for Banro.
To answer your question from the other day, no I haven't sold yet. Still holding on and waiting for the mega rally
I don't think anyone/anything is holding this down. There is just absolutely no interest. Once there is a little buying interest, this thing should pop but all the streaming deals and debt deals and stuff, as Stockitout has said, nobody seems to be taking interest in this security, unfortunately
Dump? That was a buy at the ask, wasn't it?
Why do I say the market is pricing it for BK? Because the market cap is $75 M.... less than 10% of its BV.
Simmering, in the Canadian sunshine on a cold-tin-roof!
I hope they pull through. The market is pricing BAA for bankruptcy.
He must be making off like a bandit.
I don't think a different management team would've done any better... Banro has does some pretty amazing things in a challenging environment.
It would definitely be nice to have a positive surprise, however but the market is betting on a negative surprise by the looks of the trading of this thing since July.
Wow.
And more debt.
http://www.wardell-armstrong.com/due-diligence
If it was really for Due Diligence Study, this is Barrie O's bosses' definition of what that means.
This has got to be the longest period of time since we've heard from Keyotee. That name disappeared around the same time as Tex... anyone like conspiracies?
Up 5% one day, down 7% the next. Hardly any buying/selling. With a little volume, this will pop! Think we'll ever catch up to our lower producing peers?
Come on! Where's the volume? We need some buying...
Look at GS$ - now triple BAA's pps and they produce fewer ozs.
I think:
1) You know yourself really well and can handle the emotions of watching this security fluctuate in a detached reality apart from its fundamentals
2) You really know what you are doing and understand the ins-and-outs of whats going on in the DRC
I didn't realize that Tex was such a big poster. His silence is strange - sure hope he's alright.
I sure do miss the good ol' days when this board had the good ol' angst of a teenager ready to explore the world!
Very very light day! Geez
I'm sorry but your intel is of questionable quality. Jennings became CFO at Primero mining (PPP). If he wanted to be closer to his family, it doesn't strike me as sincere becoming a CFO at another company.
What do you find interesting? Just following a lot of other gold stocks.
I wish you were right but from the PR:
Indeed - I have a feeling that for the ounces they sell at $100/oz, they have to take a $1150/oz writedown which are those impairment charges we are seeing that create the negative EPS.
If gold is at $1800/oz, that means the impairments will be $1700/oz. I don't see how this company will ever post a positive EPS now.
Does this mean that there will be impairment charges until the streaming deals expired or are repaid (provided the price of gold remains greater than the agreed price in the original deal?)
Hence, never ending negative EPS? Perhaps a good question for investor relations?
What's all this about a higher price being bad for their income? Where was this written/said on their part? Why?
A higher price would be a good thing because they could finance more for less if you get my drift.