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BAA financials????
Now is a time to have a micro focus on BAA financials.
--The Big Bond is due in 45 days and they are in discussions with all of their large debt holders.
--There are financial advisers involved.
--Production at both mines was a vast disappointment.
-- The streaming takes about 70 dollars off the realised gold price per oz.
-- We need to consider the total cost of sails...not just AISC.
--Lower production means higher costs per oz.
The math is not looking optimistic.
They have a boat load of debt when the streaming is counted as debt...which it is.
I'm sure you'll miss me.
I will retain some negligible number of shares. Just to keep an eye on things.
I've got a new trading rule from this experience.
If you have a 300% return sell 33%.
That's what Arnold Kondrat did.
http://virtualglobetrotting.com/map/arnold-kondrats-house/view/google/
I've moved on to other miners. I'll see what happens with the deal and have money on the sidelines ready to buy in.
might be a good contra-indicator.
I've moved to the sidelines on BAA best of luck.
We'll see what the deal looks like when it comes out.
I found the production report to not be very constructive.
https://en.wikipedia.org/wiki/Confirmation_bias
Management has failed their investors. There is little doubt about it.
Baloney. Management has repeatedly failed to achieve their stated objectives in a cost effective manner.
Nagoya. Though not exactly being specific. Has the right to vent frustrations about management.
I still have nearly 270,000 shares. Although that is down significantly from the 440,000 I once owned.
The reason I felt compelled to sell such a significant portion is due to the continued uncertainty regarding financing (failing to meet the Nov 30 date they were telling investors) and the hiring of the worst CFO in Canada.
We all thought we had bought at the inflection point of a highly prospective company.
They missed Namoya commercial production for years.
Most recently it was going to be H2 2015 ...they didn't really have it up to their 9k oz per Q until last Q.
They have failed investors at every stage.
HAS ANYONE GOTTEN WORD ON THE RELEASE OF PRODUCTION DATA?
THE DATE?
BEFORE MARKET OPEN?
OR AFTER MARKET CLOSE?
There hasn't been any recent selling in the Bonds. As I know you are well aware that typically if there were going to be a significant "restructuring" there would be an uptick in transactions due to fund bond fund parameters. Typically most of this activity is preformed well in advance with sellers (fund managers) willing to take any price so as to comply with their funds rules.
Yeah, it's actually trading at the high end of its range.
supper thin trade though.
hasn't been a trade for months.
last value is
'Yield To Worst - YTW'
http://www.investopedia.com/terms/y/yieldtoworst.asp
not really relevant for us to consider.
Banro's CUSIP 066800AA1 full trade history
Date Time Trade Siz Price YTW Trade Type
09/30/2016 11:13:39 340 78.0000 81.382 Customer Bought
09/30/2016 11:11:51 340 77.0000 85.590 Customer Sold
08/04/2016 17:04:46 1,000 75.5000 69.706 Customer Bought
08/04/2016 15:55:36 1,000 75.2500 70.503 Customer Sold
06/08/2016 13:58:43 1,000 82.0000 41.311 Customer Sold
06/08/2016 11:54:44 1,000 82.3750 40.541 Customer Bought
06/08/2016 11:38:20 1,000 82.1250 41.054 Inter-dealer
05/23/2016 16:19:37 1,000 82.3750 38.610 Customer Bought
05/23/2016 16:14:26 1,000 82.1400 39.060 Inter-dealer
05/23/2016 16:09:01 1,000 82.0000 39.330 Customer Sold
05/23/2016 16:08:31 1,000 82.1100 39.118 Inter-dealer
05/20/2016 15:53:54 1,000 82.1250 38.982 Inter-dealer
05/20/2016 15:53:34 1,000 82.0000 39.221 Customer Sold
05/20/2016 15:26:40 1,000 82.3750 38.505 Customer Bought
05/19/2016 13:51:37 1,000 83.0000 37.223 Customer Sold
05/19/2016 09:54:45 1,000 83.2500 36.757 Inter-dealer
05/19/2016 09:51:26 1,000 83.5000 36.292 Customer Bought
05/19/2016 09:35:05 1,000 83.2500 36.757 Inter-dealer
04/29/2016 15:40:12 1,000 80.0000 40.758 Customer Sold
04/29/2016 15:39:54 1,000 80.2500 40.298 Customer Bought
04/26/2016 12:41:07 1,000 79.5000 41.158 Customer Bought
04/26/2016 12:40:43 1,000 79.1250 41.847 Customer Sold
04/14/2016 14:45:31 1,000 75.3500 47.821 Customer Bought
04/14/2016 14:43:17 1,000 75.2500 48.013 Customer Sold
04/01/2016 09:41:40 17 72.0000 52.702 Inter-dealer
04/01/2016 09:41:40 17 72.0000 52.702 Inter-dealer
03/30/2016 16:06:15 13 65.0000 67.351 Customer Sold
03/10/2016 14:48:59 1,000 74.0625 46.370 Customer Sold
03/10/2016 14:45:09 1,000 74.3125 45.928 Customer Bought
02/25/2016 17:17:44 1,000 75.2500 43.167 Customer Bought
02/25/2016 17:15:48 1,000 75.2000 43.250 Customer Sold
02/25/2016 13:05:46 1,000 75.2500 42.988 Customer Bought
02/25/2016 13:04:17 1,000 75.0000 43.404 Customer Sold
02/19/2016 11:53:42 73 73.0000 46.057 Customer Bought
02/19/2016 10:42:59 1,000 72.7500 46.377 Customer Sold
02/19/2016 10:42:59 1,000 72.7500 46.377 Customer Sold
02/19/2016 08:52:20 1,000 72.7500 46.483 Customer Sold
02/19/2016 08:50:07 1,000 73.0000 46.057 Customer Bought
02/18/2016 17:55:52 1,000 72.7500 46.377 Customer Sold
02/18/2016 17:55:52 1,000 73.0000 45.952 Customer Bought
11/24/2015 12:12:50 1,000 64.5000 51.759 Customer Bought
11/24/2015 12:10:17 1,000 64.2500 52.165 Customer Sold
08/05/2015 13:48:40 1,000 60.2500 49.428 Customer Sold
08/05/2015 13:48:17 1,000 60.5000 49.075 Customer Bought
07/17/2015 12:15:08 1,000 72.5000 33.405 Customer Bought
07/17/2015 12:14:40 1,000 72.1250 33.805 Customer Sold
07/15/2015 13:18:05 1,000 73.0000 32.797 Customer Bought
07/15/2015 13:17:45 1,000 72.7500 33.061 Customer Sold
07/08/2015 12:05:21 1,000 73.0000 32.529 Customer Bought
07/08/2015 12:04:58 1,000 72.7500 32.789 Customer Sold
06/30/2015 11:24:36 1,000 73.1250 32.141 Customer Sold
06/30/2015 11:24:13 1,000 73.3750 31.886 Customer Bought
06/29/2015 13:57:45 1,000 70.7500 34.462 Customer Sold
06/29/2015 13:57:17 1,000 71.0000 34.197 Customer Bought
06/05/2015 09:56:14 1,000 70.5000 33.878 Customer Bought
06/05/2015 09:55:35 1,000 70.2500 34.135 Customer Sold
06/01/2015 11:05:26 1,000 70.6250 33.532 Customer Bought
06/01/2015 11:03:59 1,000 70.5000 33.659 Customer Sold
05/29/2015 15:24:05 1,000 70.6750 33.445 Customer Bought
05/29/2015 15:23:05 1,000 70.5750 33.547 Customer Sold
05/29/2015 15:21:05 1,000 70.6750 33.445 Customer Bought
05/29/2015 15:20:05 1,000 70.5750 33.547 Customer Sold
05/28/2015 15:19:44 1,000 70.0000 34.097 Customer Bought
05/28/2015 15:19:10 1,000 69.5000 34.612 Customer Sold
05/20/2015 11:11:24 1,000 64.5000 39.781 Customer Bought
05/20/2015 11:06:21 1,000 64.0000 40.351 Customer Sold
05/19/2015 15:30:03 11 65.5000 38.488 Customer Sold
05/19/2015 15:29:45 11 65.5000 38.488 Customer Bought
04/13/2015 10:58:29 550 55.2500 49.066 Customer Bought
04/13/2015 10:46:46 500 55.0000 49.396 Customer Sold
03/24/2015 09:20:51 50 47.0000 59.829 Customer Sold
03/05/2015 14:18:20 1,000 53.5000 49.488 Customer Bought
03/03/2015 14:46:30 1,000 52.0000 51.276 Customer Bought
03/03/2015 14:46:19 1,000 51.5000 51.955 Customer Sold
01/26/2015 11:30:21 100 65.0000 34.929 Customer Sold
01/26/2015 10:22:00 100 67.5000 32.608 Customer Bought
11/21/2014 12:15:11 10 70.0000 28.910 Customer Sold
11/13/2014 15:51:51 1,000 75.7500 24.421 Customer Bought
11/13/2014 15:49:38 1,000 75.2500 24.779 Customer Sold
10/24/2014 11:03:42 500 71.2500 27.406 Customer Bought
10/24/2014 10:47:50 500 70.5000 27.978 Customer Sold
10/17/2014 16:18:52 500 69.0000 29.006 Customer Bought
10/17/2014 16:18:05 500 68.5000 29.400 Customer Sold
10/17/2014 15:19:05 878 69.0500 28.967 Customer Bought
10/17/2014 15:18:05 878 69.0000 29.006 Customer Sold
10/15/2014 16:45:00 170 61.2500 35.514 Customer Sold
10/15/2014 15:17:00 170 62.2500 34.610 Customer Bought
10/02/2014 16:32:00 30 70.0000 27.952 Customer Sold
10/02/2014 15:21:20 30 71.5000 26.832 Inter-dealer
10/02/2014 15:19:00 30 71.5000 26.832 Inter-dealer
09/17/2014 12:52:49 30 73.0000 25.510 Inter-dealer
09/17/2014 12:52:49 30 73.5000 25.158 Customer Bought
09/17/2014 12:52:49 30 73.0000 25.510 Inter-dealer
09/10/2014 10:56:15 200 71.7500 26.293 Customer Sold
09/10/2014 10:56:15 200 71.0000 26.835 Customer Sold
09/03/2014 10:57:17 1,000 72.0313 25.985 Customer Sold
09/02/2014 14:05:44 146 71.0000 26.676 Customer Sold
08/27/2014 12:16:40 1,000 73.5000 24.873 Customer Bought
08/27/2014 11:53:20 1,000 72.6250 25.479 Customer Sold
08/25/2014 14:53:42 50 71.5000 26.204 Customer Sold
08/25/2014 14:27:41 75 71.5000 26.204 Customer Sold
08/22/2014 10:49:19 600 72.5000 25.485 Customer Bought
08/22/2014 10:47:50 596 71.5000 26.187 Customer Sold
08/21/2014 15:32:49 509 71.5000 26.170 Customer Sold
08/21/2014 15:32:38 500 72.5000 25.469 Customer Bought
08/21/2014 14:48:17 100 71.0000 26.525 Customer Sold
08/21/2014 09:38:03 160 71.0000 26.525 Customer Sold
08/20/2014 16:23:12 200 69.7500 27.409 Inter-dealer
08/20/2014 16:22:26 200 69.7500 27.409 Inter-dealer
08/20/2014 16:22:26 200 69.0000 27.960 Customer Sold
08/20/2014 16:15:57 250 72.0000 25.801 Customer Bought
08/20/2014 16:13:02 200 70.0000 27.227 Inter-dealer
08/20/2014 13:23:19 100 71.0000 26.507 Customer Sold
08/19/2014 15:24:18 75 71.0000 26.455 Customer Sold
08/19/2014 15:15:19 75 71.0000 26.455 Customer Sold
07/11/2014 11:44:39 1,000 71.2500 25.691 Customer Bought
07/11/2014 11:43:04 1,000 70.8375 25.974 Customer Sold
07/10/2014 11:28:44 1,000 75.0000 23.206 Customer Bought
07/10/2014 11:26:22 1,000 74.5000 23.526 Customer Sold
07/10/2014 11:13:33 150 74.0000 23.849 Customer Sold
07/03/2014 13:15:05 305 81.9500 18.969 Customer Sold
07/03/2014 13:15:01 305 82.0000 18.941 Customer Bought
07/03/2014 12:48:16 500 81.6560 19.136 Customer Sold
07/03/2014 12:45:20 500 82.0000 18.941 Customer Bought
06/25/2014 13:30:12 40 78.0000 21.179 Customer Sold
06/02/2014 14:56:00 250 74.5000 23.028 Customer Sold
06/02/2014 14:56:00 250 75.2500 22.567 Customer Bought
06/02/2014 14:52:00 250 75.2500 22.567 Customer Bought
05/29/2014 16:58:00 1,000 75.2500 22.544 Customer Bought
05/29/2014 16:54:00 1,000 74.5000 23.005 Customer Sold
05/29/2014 16:54:00 55 75.2500 22.544 Customer Sold
05/22/2014 09:00:59 1,000 75.2500 22.489 Customer Sold
05/22/2014 08:50:31 1,000 77.0000 21.442 Customer Bought
05/20/2014 16:05:05 1,000 77.0000 21.391 Customer Bought
05/20/2014 16:05:05 1,000 77.0000 21.391 Customer Bought
05/20/2014 16:04:15 1,000 76.9500 21.421 Customer Sold
05/20/2014 16:04:15 1,000 76.9500 21.421 Customer Sold
04/30/2014 18:21:05 1,000 77.0500 21.188 Customer Bought
04/30/2014 18:20:05 1,000 77.0000 21.217 Customer Sold
04/25/2014 17:20:00 550 70.0000 25.450 Customer Sold
04/25/2014 10:50:00 550 71.0000 24.806 Customer Bought
04/25/2014 10:50:00 550 71.0000 24.806 Customer Sold
04/25/2014 10:50:00 550 71.0000 24.806 Customer Sold
04/22/2014 11:05:25 123 71.2500 24.586 Customer Bought
04/22/2014 11:03:53 100 70.2500 25.224 Customer Sold
03/26/2014 08:37:46 34 83.0000 17.697 Customer Sold
03/25/2014 12:58:15 1,000 84.6000 16.874 Customer Bought
03/25/2014 12:54:12 1,000 84.5000 16.924 Customer Sold
03/10/2014 14:11:47 1,000 85.2500 16.479 Customer Bought
03/10/2014 14:11:13 1,000 85.0000 16.601 Customer Sold
03/06/2014 14:26:00 800 82.5000 17.834 Customer Sold
03/06/2014 14:21:14 800 84.2500 16.959 Customer Bought
03/06/2014 14:09:29 800 83.8750 17.144 Inter-dealer
03/06/2014 14:09:00 800 83.6250 17.269 Inter-dealer
03/05/2014 12:15:16 700 83.0000 17.576 Customer Sold
03/05/2014 12:15:02 700 83.5000 17.325 Customer Bought
02/24/2014 08:46:19 100 75.0000 21.741 Customer Sold
02/12/2014 10:22:56 100 80.0000 18.956 Customer Bought
02/12/2014 08:55:58 249 80.0000 18.956 Customer Bought
01/16/2014 10:36:38 230 77.5000 20.056 Customer Sold
01/14/2014 11:51:53 55 77.0000 20.279 Customer Sold
01/02/2014 17:09:34 1,000 79.0500 19.139 Customer Bought
01/02/2014 17:09:29 1,000 79.0000 19.165 Customer Sold
12/30/2013 08:35:34 56 77.0000 20.166 Customer Sold
12/19/2013 09:03:13 50 77.0000 20.096 Customer Sold
12/11/2013 16:37:06 1,000 78.7500 19.143 Customer Bought
12/11/2013 16:35:00 1,000 78.3750 19.332 Inter-dealer
12/11/2013 16:34:10 1,000 78.5000 19.269 Inter-dealer
12/11/2013 12:46:25 1,000 78.7500 19.143 Customer Bought
12/11/2013 12:46:25 1,000 78.7500 19.143 Customer Bought
12/09/2013 14:19:07 1,000 79.0000 18.991 Customer Bought
12/03/2013 15:41:46 30 77.0000 19.960 Customer Sold
12/02/2013 11:42:21 1,000 78.0000 19.444 Customer Bought
12/02/2013 10:14:38 135 77.1250 19.889 Customer Sold
12/02/2013 09:53:25 1,000 77.1250 19.889 Customer Sold
11/29/2013 10:29:23 133 79.0000 18.938 Customer Sold
11/29/2013 10:29:10 133 79.2500 18.814 Customer Bought
11/27/2013 13:32:28 550 78.8375 19.012 Customer Sold
11/27/2013 13:21:00 550 79.2500 18.808 Customer Bought
11/26/2013 13:47:20 350 79.0000 18.925 Customer Bought
11/26/2013 12:43:16 50 77.0000 19.931 Customer Sold
11/26/2013 12:42:31 260 77.5000 19.676 Customer Sold
11/26/2013 12:42:31 260 77.0000 19.931 Customer Sold
11/22/2013 10:10:21 150 78.0000 19.390 Customer Sold
11/22/2013 10:09:58 150 78.5000 19.140 Customer Bought
11/19/2013 14:20:01 1,000 79.0000 18.861 Customer Bought
11/19/2013 14:14:54 1,000 78.2500 19.231 Customer Sold
11/18/2013 12:56:30 390 78.0000 19.349 Customer Sold
11/18/2013 11:41:26 390 79.0000 18.854 Customer Bought
11/15/2013 15:39:50 15 77.0000 19.845 Customer Sold
11/15/2013 12:32:02 250 78.0000 19.342 Customer Bought
11/15/2013 12:30:17 250 78.0000 19.342 Customer Sold
11/14/2013 16:32:41 400 78.0000 19.336 Customer Sold
11/14/2013 15:56:29 400 79.2500 18.719 Customer Bought
10/18/2013 16:08:08 1,000 72.0000 22.258 Customer Sold
09/11/2013 12:44:47 1,000 69.0000 23.597 Customer Bought
09/11/2013 12:44:24 1,000 68.5000 23.877 Customer Sold
09/06/2013 09:37:52 150 71.0000 22.461 Customer Bought
09/05/2013 15:59:49 359 69.0000 23.546 Inter-dealer
09/05/2013 15:54:53 359 68.5000 23.826 Inter-dealer
09/05/2013 15:54:53 359 68.5000 23.826 Customer Bought
09/05/2013 15:54:53 359 68.4795 23.837 Customer Sold
09/05/2013 15:54:53 359 68.5000 23.826 Customer Bought
08/26/2013 15:34:57 150 68.5000 23.730 Customer Bought
08/23/2013 14:26:36 100 67.0000 24.568 Customer Bought
08/23/2013 10:29:23 25 65.0000 25.737 Customer Sold
08/21/2013 12:16:15 8 65.0000 25.714 Customer Sold
08/07/2013 12:29:11 150 66.0000 24.974 Customer Bought
08/01/2013 11:57:18 5 60.0000 28.582 Customer Sold
08/01/2013 10:18:31 160 65.0000 25.492 Customer Sold
07/25/2013 15:51:27 1,000 64.7500 25.574 Customer Bought
07/25/2013 13:27:48 1,000 65.3750 25.209 Customer Bought
07/25/2013 13:26:41 1,000 65.0000 25.428 Customer Sold
07/25/2013 12:11:20 1,000 65.0000 25.428 Customer Sold
07/25/2013 11:24:17 1,000 65.2500 25.282 Customer Bought
07/25/2013 10:06:27 1,000 64.5000 25.721 Customer Sold
07/24/2013 11:50:22 1,000 64.7500 25.563 Customer Bought
07/24/2013 11:01:32 600 64.1250 25.933 Inter-dealer
07/24/2013 11:01:00 600 63.9500 26.037 Inter-dealer
07/23/2013 16:30:50 560 64.5000 25.678 Customer Bought
07/23/2013 16:30:40 550 63.0000 26.575 Customer Sold
07/23/2013 16:07:58 1,000 64.6250 25.605 Customer Bought
07/23/2013 16:07:14 1,000 64.1250 25.900 Inter-dealer
07/23/2013 16:06:00 1,000 63.9500 26.004 Inter-dealer
07/23/2013 11:04:55 100 63.0000 26.575 Customer Sold
07/23/2013 11:04:41 80 64.0000 25.974 Customer Bought
07/22/2013 11:46:12 130 65.5000 25.085 Customer Bought
07/12/2013 08:51:59 200 64.0000 25.877 Customer Bought
07/10/2013 09:15:33 500 64.0000 25.856 Customer Bought
07/09/2013 16:35:22 500 64.0000 25.824 Customer Bought
07/05/2013 10:40:06 15 63.0000 26.397 Customer Sold
06/28/2013 10:02:13 250 64.5000 25.439 Customer Bought
06/27/2013 13:33:12 450 64.2500 25.574 Customer Bought
06/27/2013 13:24:45 400 63.7500 25.867 Customer Sold
06/21/2013 11:25:06 206 69.0000 22.883 Customer Sold
06/11/2013 09:04:34 200 73.0000 20.759 Customer Bought
05/28/2013 10:38:03 70 74.0000 20.192 Customer Sold
05/03/2013 14:13:50 500 80.2500 17.264 Customer Bought
04/23/2013 13:09:34 50 80.7500 17.005 Inter-dealer
04/23/2013 13:06:16 50 81.0000 16.900 Inter-dealer
04/23/2013 13:04:00 50 81.2500 16.797 Inter-dealer
04/23/2013 10:25:31 250 80.7500 17.005 Inter-dealer
04/23/2013 10:24:01 250 81.0000 16.900 Inter-dealer
04/23/2013 10:23:00 250 81.2500 16.797 Inter-dealer
04/19/2013 12:12:40 50 81.5000 16.686 Customer Bought
04/11/2013 15:05:11 500 82.0000 16.451 Customer Bought
04/11/2013 12:11:13 750 81.0000 16.862 Customer Sold
04/08/2013 16:50:30 1,000 77.5000 18.327 Customer Sold
04/04/2013 16:00:14 20 78.0000 18.101 Customer Sold
04/04/2013 11:53:37 450 79.0000 17.672 Customer Bought
04/04/2013 11:53:37 480 79.0000 17.672 Customer Bought
04/03/2013 10:31:07 1,000 78.5000 17.882 Customer Sold
04/02/2013 12:02:17 500 78.5000 17.869 Customer Sold
03/06/2013 13:42:51 500 85.0000 15.161 Customer Sold
03/01/2013 16:28:45 500 86.0000 14.770 Customer Bought
03/01/2013 12:07:32 200 87.0000 14.398 Inter-dealer
03/01/2013 12:03:00 200 87.5000 14.213 Customer Bought
02/28/2013 14:56:40 1,000 86.0000 14.768 Customer Bought
02/27/2013 16:14:29 1,000 85.5000 14.953 Customer Bought
02/25/2013 11:20:40 500 85.5000 14.936 Customer Bought
02/25/2013 11:20:07 500 85.0000 15.125 Customer Sold
02/22/2013 15:51:38 1,000 86.0000 14.746 Customer Bought
02/21/2013 15:48:47 500 80.5000 16.882 Customer Bought
02/21/2013 15:48:31 500 80.0000 17.085 Customer Sold
02/15/2013 12:29:36 50 80.0000 17.063 Customer Sold
02/05/2013 11:57:41 100 85.0000 15.062 Customer Bought
02/05/2013 11:56:36 100 83.0000 15.822 Customer Sold
01/16/2013 11:27:09 1,000 85.0000 15.013 Customer Sold
01/09/2013 13:11:33 500 85.1250 14.944 Customer Bought
01/09/2013 13:09:43 1,000 85.1250 14.944 Customer Bought
12/31/2012 11:58:43 230 84.7500 15.053 Customer Bought
11/29/2012 09:27:13 100 83.5000 15.429 Customer Bought
11/29/2012 09:25:21 10 82.7500 15.707 Customer Sold
11/28/2012 15:18:47 78 83.2500 15.518 Customer Bought
11/15/2012 15:11:07 500 91.0000 12.783 Customer Bought
11/13/2012 14:43:17 12 90.0000 13.108 Customer Sold
10/31/2012 15:05:44 600 91.7500 12.519 Customer Bought
10/12/2012 12:55:49 1,000 90.8750 12.780 Customer Bought
10/12/2012 12:26:29 36 90.5625 12.881 Customer Bought
10/12/2012 12:26:07 36 90.5000 12.901 Customer Sold
10/12/2012 10:06:41 237 90.5625 12.881 Customer Bought
10/12/2012 10:06:22 237 90.5000 12.901 Customer Sold
10/04/2012 16:06:07 1,000 90.5000 12.892 Customer Bought
09/24/2012 09:05:22 90 90.2500 12.957 Customer Bought
09/24/2012 09:03:21 90 90.0000 13.038 Customer Sold
08/17/2012 15:34:21 1,000 86.0000 14.306 Customer Bought
07/27/2012 14:09:33 175 87.0000 0.000 Customer Bought
07/27/2012 14:09:08 175 86.7500 0.000 Customer Sold
07/27/2012 14:09:08 175 86.7500 0.000 Customer Sold
07/11/2012 12:18:27 212 87.0000 0.000 Customer Bought
07/05/2012 11:37:50 30 86.0000 0.000 Customer Sold
06/27/2012 11:13:26 1,000 86.7500 0.000 Customer Bought
06/14/2012 13:55:41 6 85.0000 0.000 Customer Sold
06/07/2012 08:51:15 124 87.7500 0.000 Customer Bought
06/05/2012 15:31:04 250 87.7500 0.000 Customer Bought
06/01/2012 12:04:51 260 87.7500 0.000 Customer Bought
05/17/2012 10:51:52 34 86.0000 0.000 Customer Sold
05/02/2012 12:38:38 1,000 90.2500 0.000 Customer Bought
05/02/2012 12:36:55 1,000 90.0000 0.000 Customer Sold
05/01/2012 15:17:28 1,000 90.0000 0.000 Customer Bought
04/27/2012 11:12:31 364 89.0000 0.000 Customer Sold
04/27/2012 11:05:05 136 88.5000 0.000 Customer Sold
04/23/2012 12:20:06 1,000 90.2500 0.000 Customer Bought
04/20/2012 12:05:46 1,000 89.0000 0.000 Customer Sold
03/28/2012 10:03:28 1,000 100.0000 0Customer Bought
03/15/2012 12:57:38 300 93.0000 0.000 Customer Sold
03/15/2012 12:56:17 300 93.2500 0.000 Customer Bought
03/12/2012 09:58:07 500 93.5000 0.000 Customer Bought
03/12/2012 09:57:58 500 93.0000 0.000 Customer Sold
03/07/2012 16:20:03 500 93.0000 0.000 Customer Sold
03/07/2012 15:34:34 500 93.5000 0.000 Customer Bought
03/06/2012 13:25:57 1,000 93.0000 0.000 Customer Bought
03/06/2012 13:23:41 1,000 92.2200 0.000 Customer Sold
03/06/2012 10:30:10 500 93.0800 0.000 Customer Bought
03/06/2012 10:26:44 500 92.6592 0.000 Customer Sold
03/06/2012 10:26:44 500 92.6592 0.000 Customer Sold
03/06/2012 10:25:54 500 92.6592 0.000 Customer Sold
03/05/2012 11:01:55 1,000 92.9300 0.000 Customer Sold
03/05/2012 10:02:00 1,000 93.1000 0.000 Customer Bought
It's unfortunate that simply refinancing the bonds has become a material issue.
If BAA weren't trading so low perhaps it would not be and we would get more data.
March 1
Ok...now I kind of see where you are going.
That's possible. I guess. They were a year ago talking about a 50/50 JV on the third mine.
But it comes down to how their lenders view their relationship with BAA.
If they could just take the whole company...well then...Lugushwa and the whole gold belt go with it.
I agree.
I guess that's what it comes down to.
Yeah...that's what a restructuring is.
Equity doesn't just appear...
Like Atlas equity was cancelled and Titan was the new equity.
They just do it a little different in Canada...Typically they try to cut out the court oversight.
All debt converted to equity would wipe out current shareholders.
Are you still a shareholder.
Also, regardless of cash-flows there would be lingering damage to the equity trading price.
Just like all debt converted to equity hurt Atlas new equity.
Such an option would result in the current shareholders owning 1-2 percent of the company and BAA would drop to 0.02 or less.
The value of the debt doesn't just disappear in a restructuring...the debt becomes the new equity and we would be diluted about 98%.
Look at the deal the CFO struck with NAP eliminating their debt.
Baiyin Nonverous, Gramercy, Blackrock....thoughts.
I don't know if there is anyone here who is more experienced in mine operations...we're all just traders and investors.
Frankly it's more of a financial operations situation currently.
Is Banro's financial position sustainable...I'd guess the answer is technically YES.
Is Banro's management committed to the owners (shareholders), the deals in the past have indicated that YES they are.
No the real question is... would it best serve the three institutions who are Banro's lenders to take nearly all the equity ownership of the company.
IS IT IN THEIR BEST INTEREST TO BE THE SHARK
My gut feeling is that the answer to that is No.
Brookfield hasn't made out all that great form taking over all the equity of NAP.
Financial restructurings do long term damage to a companies reputation and their equity tends to remain highly undervalued for a long period afterwards.
Baiyin Nonferous already has a 20% equity stake...and they are collection high interest on their debt 10%.
Would it be a better situation if all BAA debt was converted to equity....well then, they would have a 33% ownership of the company and they wouldn't be collecting interest on the debt, the streaming likely would be converted too. Again the equity reputation would be severely damaged.
Would Baiyin Nonverous be all that better off.
The same could be said for Gramercy and Blackrock.
All could aquire their (max with voting rights) interest of 20% with their current holdings, the convertibles outstanding...and just a bit more convertible shares issued.
So would the institutions be better off taking nearly 100% ownership of BAA as opposed to approx. 60% split among the three.
I don't think there is that much incentive to add 13% (33.33% as opposed to 20% ownership and damage the equity that much. It's almost self defeating.
Oh...by the way. Martin is still communicating.
I wouldn't be communicating with shareholders if I knew they'd be totally screwed.
He has other hats to wear in the company...he would just busy himself with work on the foundation.
I think that most of the attributes are already determined.
That's just what I think...an assumption.
I'm actually a little perturbed that it's not a more secure situation. With the new CFO, Dave Langille having the history or restructuring companies, I felt compelled to diversify proportionately 35% of my holdings of BAA into EOG and AUY.
But if I hadn't trimmed some at 0.19 I would have been forced to at 0.15.
I think that the bond holders want to get their final interest payment.
It's restricted cash...so...why not wait till the last minute.
What do you anticipate regarding this part of the statement.
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"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."
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It's trading as if someone knows something that we don't.
I'm glad I kept ....well 65% of my shares.
Hoping it works out.
nothing that is in the news...all gold stocks are bumping up on high volume. Perhaps good word got out about a deal but that's just guessing.
I have to admit i was thinking the same thing.
The Chinese have a thing for dates and symbolism
You got data.
You're indicating you were told there will be a PR next week?
I remember seeing Bitcoin at $6 or so in late 2011 and thinking what a fools people can be.
I guess I'm the fool.
So strange how things have worked out. A company that owns an entire gold belt is fighting for survival while electronic code that represents a theoretical value skyrockets...
I don't know. wtf
He's been quite consistent.
And he's been insistent that that company wouldn't sell out the shareholders.
If it weren't for comments like that I wouldn't be here.
Hopefully he is a speaker of truth.
We'll I'm still here. Not the high share count I once had but hoping for the best.
I can't have a core position based just on hope.
My initial thoughts were...that they would have Namoya producing full steam H2 2015...meaning the beginning of H2. That would have given them a year and a half to generate cash flow and sort out any problems. Each Q was a disappointment and we're hanging by a thread.
That is not consistent with my initial investment analysis.
So I had to adjust my position accordingly.
The hiring of the CFO from NAP was really a little too much.
Hoping he redeems himself.
Perhaps they want to get their last interest payment paid in full. It's already sitting in escrow.
Hope for the best.
I was thinking the same thing.
Also, the production PR is upcoming.
The volume today was 7.5x the average...by the end of the day
Early in the morning i was really concerned since reading was 20x normal.
Looks like a few big holders dumped their shares early in the morning.
Sold at any price.
BAA was the highest relative volume in the sector.
Martin had it on his voicemail that he would be travelling in Africa and be back around the 15th (today). Perhaps (hopefully) it was to assist in the DD of the lenders.
Production RP round the corner...hopefully a blockbuster.
of course hope is not an investing strategy.
looks like the bbep bonds worked out well.
Key energy is a services company which makes it really hard to figure out what it could be worth. It's hard enough with companies that have proven reserves.
I've got MEMP bonds.
do you have the cusips for Key.
Yeah they're at a discount if you want to hold for a few years.
No pop in the near term.
trading at 0.44/1.00
I'm still holding all my Sandridge.
Sending a heads up out to old friends.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127159208
I'm sure you heard about the opec deal.
there's an mlp that is due to make a bond payment on the 16th.
Complicated story.
take a look at MEMP they got an extension from their lenders till the 16th.
they were crimped by the reduction in their credit facility right before they had to make a 24 million bond payment.
Their EBITDA is 77 million a quarter...do the math and read the PR's and you'll see why they got the extension.
obviously you don't want to own if they don't make the payment but you might want to be ready to jump in hard when they do.
look at Market cap vs. the value of their assets.
I'm taking an very small initial position as an edjucated gamble that they'll pay.
Will sell immediately if they don't.
BAA where is our new CFO taking us
Comparing our performance to those who have done worse is not a good barometer of success.
It's kind of like saying oh, I just got diagnosed with cancer, but Jack Schmidt over there he's stage four and is going into hospice care...they say his expiration date is around March 1 2017...glad I'm not that poor schmuck.
Speaking for myself, I never compare to those who are doing worse but compare aspiringly to those who have accomplished more.
Hopefully everyone that invested will eventually be able to turn a profit on the shares. But like removing an appendage or organ to save ourselves from getting to stage four and going into hospice...unfortunately...individually, we all have deal with the reality of our own accounts.