Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah placing that huge block at .295 was not the smartest thing. Got obliterated
Hello $1250+. Going from $1050 to $1250 was the tough part. Clear skies ahead to $1500. Hell $1500 is a bargain. I live in NY...can't pay 1/4 of your rent with $1500 lol
Opinions on this huge block on the ask? The only conclusion I can come to is to suppress the price..
I think people are crazy to sell the majority of their holdings for less than $1. I will admit I have sold a few small blocks to raise cash when needed but 90% of my holdings are LONG. And I don't have a specific marker. I may hold until this thing hits $5+
Gold has been knocking on the door of $1250. Is this the week we break thru and move towards $1300? BAA looking very good here.
Gold has been knocking on the door of $1250. Is this the week we break thru and move towards $1300? BAA looking very good here.
I think that sellers are making the assumption that this stock will pull back a bit then continue on an upward trend. They are trying to profit on that idea, which they did. But here is what's likely going to happen...the price will swiftly move up and away from them too quickly and their profits will be erased if they want back in to BAA. The bottom line is that trying to turn a quick 5% or 10% profit in trying to time the swings simply isn't worth the risk of missing out on a big move up.
Agree. Too many people are so focused on the charts. The fundamentals of this company have improved so much: Namoya commercial, equipment in place, improved gold resources, financing deal with Baiyin, increased output, much higher POG, etc...
Reviewing the charts over the past year simply does not take that data and the story into account.
This stock will not go below 25 cents in my opinion. Time will tell.
BAA will re-test and probably break the 30 cent mark tomorrow regardless of POG action
Today was a consolidation and profit-taking day for many of the folks that bought in at 20 cents. Fundamentals are looking better and better each day in terms of operations. With gold holding strong above 1100 and 1200 we are in great shape here. I can't think of another investment I'd want to be in than BAA right now.
Added 5000 shares today at these prices. Ready for the next leg up. I am LONG on this stock. Holding for $2 mark. Or even longer if the business continues on the path that I think it will. Holding 170k shares
To be clear "The new streaming deals replace the old streaming deals. Gold streaming will affect 8.3% of Namoya and approx 11% of Twangiza. In addition, old gold forward sales will affect 760 oz from Twangiza for periods up to 16 to 30 months".
Also money will be set aside to ensure that debt payments are made right up until March 2017 when full repayment is required. At that point it is expected that the debt will be re-financed by Baiyin.
Thank you. All upside moving forward from here. POG is hanging tough. Q1 profit is going to be great. Impairment charges are taken care of and maybe will be reversed if POG stays on current track. I'm lovin' it! (Stole that from mcdonalds)
Scooped up an additional 15,000 shares at these prices. Very happy with that! The $67.5 million stream makes me feel warm and fuzzy
Once the financing is finalized I think this thing will gap higher and there's not much to stop it heading higher. Clear skies ahead!
Once the financing is finalized I think this thing will gap higher and there's not much to stop it heading higher. Clear skies ahead!
Words of wisdom. DO NOT SELL. Once this deal closes (which will be this week) this thing is going to gap up and you can say goodbye to cheap shares for a long time.
I think the $.22 price point is perfectly reasonable. They deserve to have significant upside on this just like we do. Personally I'm happy that they're going to have a significant # of shares.
Here's the thing. We want Baiyin to be interested in share price and interested in shareholder value. Giving them 17% of the outstanding shares is a great move longterm. The best thing that could happen is that Baiyin loves the company, wants more shares, and news spreads to investors globally and the price responds.
I would be very concerned if Baiyin DID NOT want equity in the company. That's basically what Gramercy was doing making millions of dollars on the debt service and not helping to grow the company. In fact Gramercy was probably a significant deterrent to growth, however Banro needed the financing..
Well dilution is not a good thing for current shareholders (which I am). However I think for this to be a great business relationship they need to give Baiyin some skin in the game when it comes to common shares. In fact, I think that will play to our advantage as shareholders in the long term. It's another huge voice to push management to increase shareholder value. And if I'm Baiyin and the shares seem cheap I would imagine that they coukd easily sink several million dollars into increasing their common share holdings which would drive the price up significantly.
I agree with many of these statements. I think it's important to the company to have some breathing room for exploration and optimizing the mining. I also like the fact that now we have the Chinese involved for political leverage which takes a lot of the risk out of investing in the Congo. Does anybody have a good feel for the current debt situation? will the $100 million financing essentially cover any upcoming payments due?
Question for the board: on a scale of 1-10 how do you feel about this $100 million deal w Chinese and why?
Question for the board: on a scale of 1-10 how do you feel about this $100 million deal w Chinese and why?
I agree with this. If whoever sits on the ask like that becomes worried that their ask will be chipped away or wiped out with a big buy then there is zero incentive to make that play. With enough investor interest the price will get away from them. My recommendation: keep buying until they go away.
I think it's primarily the day traders that are controlling the price action right now. The only way to stop that is to have large block buyers (hedge funds, retail investors, insiders, or the company) come in and take their shares away. The day trading will dry up and price will rise to a more natural value. I think we're only talking about several million shares that are being traded back and forth here.
The more this whole thing plays out I do think mgmt is being very strategic with the information it puts out. They may be "laying low" while production and POG is ramping up. It would also make sense for the company/execs to load up on shares while prices are this low. My guess is that 2016 is going to be a special year.
To me that's a very bullish sign. Maybe the chinese or banro or a fund is trying to keep the share price suppressed so they can load more at these lowball prices. Makes perfect sense. That's what I'd do if I were in their position.
The only way to stop that from happening is for somebody to come in with $25,000 and snatch it..
Interesting large block sitting on the ask at $.186 X 1194. Seems to be holding price down. Any theories?
This stock will not make any significant move until:
1. Is this $100 million deal with the Chinese going to close?
2. What is Banro prepared to do when it comes to de-listing notice?
3. Give us a clear plan on how this debt will be reduced/eliminated
Management needs to step it up and make some real meaningful statements on the future of this company.
Thanks. I can't bring myself to flip. It seems too tough to time and I expect the stock to rise significantly sooner or later so I don't want to take the chance. Flipping could be lucrative but takes luck and guts
Anybody here selling shares or flipping at these prices? Just curious
I would think that volume would increase leading up to the closing of $100 million financing and partnership. I would expect news to come tomorrow..
Still trying to figure that out why it's double posting posting posting. How about now? Lol
This would be a wonderful question for Mr Jennings who should have his finger on the pulse of the company's financial situation. Mark that down as a potential proposal.
This would be a wonderful question for Mr Jennings who should have his finger on the pulse of the company's financial situation. Mark that down as a potential proposal.
This is disturbing and telling about the manipulation in the gold market. But WHEN is the market going to respond and do something about it?
This is disturbing and telling about the manipulation in the gold market. But WHEN is the market going to respond and do something about it?
Agree. That was extremely odd. There was a decent size spread at the time but I'm thinking there was some communication regarding these large block trades coming thru
Very interesting. Been awhile since we've seen trading like this. Trades between funds?