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Just found out we're having our fifth kid...So this gamble better work out.
I'm not a gambler. I invest in distressed assets based on research.
I understand your frustration but.
in dec. 2013 share count was 236k
dec. 2014 share count was 252k
dec. 2015 share count was 252k
none of those preffereds have been converted yet the one's that you think may be dilutive
I've seen RIC do many private placements and they have gone from
$1 to $5 while doing so. Look it up.
Share Count
http://financials.morningstar.com/ratios/r.html?t=BAA®ion=USA&culture=en_US
RIC
http://www.finviz.com/quote.ashx?t=RIC&ty=c&ta=0&p=w
Knowing them they'll re-fi and push ahead with the third mine...
Growth Growth Growth.
That's not what I would prefer though.
I'd rather that they pay it all off before doing anything else.
Banro has agreed to place approximately US$26.23 million of the proceeds from the Twangiza Transaction in escrow with the trustee for the Senior Notes to satisfy the remaining three interest payments under the Senior Notes through the maturity date of March 1, 2017.
...ahhh...stress reliever.
That's one less thing on my mind between now and end of Feb.
One would assume they have that at the forefront of their minds. It was mentioned when the deal was announced and the refi was part of the rational behind the deal.
.....ie..Having another big player with a stake in it.
Yeah...It was mentioned to me on the phone that they wanted to press forward at Lugushwa. Obviously a good indication that it's been put in writing.
The miners need gold to stay high. Some might think that this is just a pop.
Think about it if gold goes from 1050 to 1250 then back down again....to 1050
well it will not do anything substantial for the miners.
If gold stays around 1250 and it shows through at earnings....that's different.
Management should be thrown out.
What a rip off. I'll be voting against the deal. I don't take the scale of risk that I did to get a deal like this.
I've got 4k shares os LSG...that's real dumb. They have very low cost.
would have done better on its own.
didn't even know
ah...perhaps gold was undervalued....
I have a broad basket...BAA is just my largest position for reasons we all know.
GORO has no debt...zero... and produces at very low cost and they are lagging.
Its the majors that are making the moves.
When I sold some BAA to buy AUY, IAG, GORO, KGC and SAND.
Well BAA stayed put and most of those continued to fall and are just now getting back to where I bought them.
It is a market. It is what it is.
I understand your frustration. I think we all had shorter time frames...
They are located in the DRC after all....They have to show that not only are they going to make it but they are also going to produce massive cash flow.
We've all run the numbers...
They just have to prove it.
Filled Jan 8, Early Warning
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002878
Yeah...to add to the point, today there was 2.82x the average volume.
So it was very liquid and you still moved it.
http://www.finviz.com/quote.ashx?t=baa&ty=c&ta=1&p=d
exposure will come with positive price action.
Positive price action will begin with increasing earnings.
So Long as the E-mail from IR that you posted is accurate...then I'm not the least bit worried about BAA.
I'm not happy that they sold at the bottom of the market but the deal is reversible after three years so it is almost the same as the forward sales.
It's just a thin stock with a boat load of negative baggage.
I don't believe all this conspiracy BS about Market makers and so on.
No disrespect to anyone who's throwing out those Ideas...they are just trying to rationalize it so they aren't scared when things don't make sense.
Think about it. BAA trades 686.94K shares a day.
I'm just some retail joker making a big bet on a distressed company with a lot of potential and I've got 435k shares
435/687 = 63.33% of the days volume.
on some days it trades less than the number of shares I hold.
So just about anyone with a good size savings account can move this stock or get stopped out when it doesn't act how they think it should.
And if we have people afraid of desisting that are getting out...like the people you know...well, they can make up a lot of volume.
I'm going to call in when I get a chance but I've got 5 oil and gas companies I've got to call and figure out if and how they can handle prices much longer. So for now I'm taking your word on your communication with them.
Stops around 1200 to 1250 there must be a massive amount global macro using that resistance band.
http://www.finviz.com/futures_charts.ashx?t=GC&p=w1
The united nations is operating in the area and had initiated operations last year to try root out FDLR.
20,000 UN troops operate in the DRC.
Mining is critical to its future.
"The financing deal is fully on track and will most likely be concluded next week."!!!!!
Thanks again and that's the most important line.
Heads up everyone.
Ramping production of gold...adding to processing capacity.
Blood on the streets of east congo...holding back share price.
POG...the whole world sees that....
435k shares long
Thanks...
I'm getting ripped a new one in the oil market....and that was so-posed to be my more conservative allocation of capital.
Good to see things are on track.
I was about to reach out myself but I've got about five or six IR calls to make in addition to the normal hectic schedule....
looks like the blood on the streets of East Congo is what is having effect today.
1200- no gaps on the gold futures chart !!!
just broke
gold breaking through macro down-trend areas.
already broken many lines...depends how you draw it.
not much more before it is clearly definitive breakthrough for all macro, multi year down-trends.
Breach of 200 day on gold
the weather has improved over the past few weeks
https://weather.com/weather/5day/l/CGSK0050:1:CG
I remember looking at it and seeing every day 100 percent chance of rain.
they should be able to present the case that in a stable POG environment their share price should increase due to increasing production. Typically you can get an extension up to a year.
within the next six months or such longer period as may be agreed to by the NYSE MKT
nope not yet.
Well, we'll have to see what they say.
it didn't sky-rocket when they announced commercial production just because production at Twangiza was less than the previous Q's.
Note that the grade was well above the average grade in the mine plan...
So. The market isn't giving rational values to gold miners currently.
Who knows how long that goes on.
Any feedback shared would be greatly appreciated. Like everyone, I don't always have a vast quantity of time to gather my questions and contact them.
http://wallstreet.cch.com/MKTtools/PlatformViewer.asp?SelectedNode=chp_1_1_10&manual=/MKT/CompanyGuide/mkt-company-guide/
This is the problem:
Total Value of Market Capitalization—$50,000,000 which coincides with 0.20
I'd assume they could present a convincing argument as to why they shouldn't be desisted and what can happen with more time...if they choose to present it.
I think it would not be helpful to return to single listing while it is preferable compared to RS.
They would be reducing the potential pool of buyers.
Very helpful.
And consistent with what has been insinuated in the past about Banro Management preferring to keep the current share structure and reverting to single exchange listing...or TSX and otc. Far better than an RS IMHO. Also, an RS wouldn't help with the minimum market cap requirements that are the issue here.
It's really a matter of timing. If they can get one quarter of results out with both mines operating before desisting that would likely solve the problem.
Thank you for sharing your post with me and the board. It is appreciated. I always try to share the basic data that I get from talking with them, It gets frustrating because lot's a people talk about what could be going on without contacting them.
???? Has anyone inquired about deal status ????
anyone have useful information?
???? Has anyone inquired about deal status ????
The Move
http://www.zerohedge.com/news/2016-01-26/comex-snaps-gold-dilution-hits-record-542-oz-gold-claims-every-ounce-physical
http://www.tfmetalsreport.com/blog/7403/new-record-low-comex-gold-inventory
http://www.tfmetalsreport.com/sites/default/files/users/u2/screen_shot_2016-01-26_at_2.03.27_pm_0.png
true.
Technical strength for gold - first time in a long time.
It's been four months since there has been any kind of technical strength.
The chart looks orderly and constructive in a bullish manor...clearly observable bullish patterns....now it's been years since that's been the case.
I currently hold 440,000 shares of BAA
Do your own DD!!! it is a dangerous environment.
some of my other commodity holdings are...
VNRCP - 1,200
VNRBP - 1,200
ARP-D - 2,300
LGCYO - 8,000
LGCYP - 1,000
BBEPP - 700
There is also a boatload of distressed opportunities in the commodity space.
Recently I picked up some Preferred shares that will yield 75 to 100 % in upstream E&P companies. As you might know preferred are a debt instrument. So it is even backed by the companies assets. And these companies are hedged throughout 2016.
So, lots of distress in the commodities space from companies that are based in far safer jurisdictions.
The preferred trade for just over $2
my holdings
LNCO - 15,000 - no more....debt to equit too high....already invested too much.
BBEP - 45,000 - no more?
VNR - 2,500 pt 1.00 wait for div cut. (revolver 90% used, 1/4 of revolver covered by hedges)They are the lowest cost producer.Has puts ****
LGCY - 8,000 wait pt $1 - poorly hedged needs further study (puts) higher cost producer.needs reasearch. has puts****
EVEP - 6,800 $ wait pt $1.50 wait for div cut (best ballance sheet)
MCEP - 18,000 $$$ add ---target 20k
MEMP - 8,500 $$$ add ---target 7k]'
ARP - 39,000 $$$ add ----share target 20k
VNRCP - 1,200
VNRBP - 1,200
ARP-D - 2,000
LGCYO - 3,500
LGCYP - 1,000
BBEPP - 500
--------------
TOTAL- 152,200
Have you tried making a list of 20 really good questions and calling them.
Loncore Resources has many of the same management members as BAA...So I'd assume BAA was discussed to some degree.
It may work in Rangolds interest that there be other industrial scale operators in DRC.
Additionally, the deal that Loncore signed wasn't that great. Guessing It was their only option.
BAA is obviously much better positioned
Once the Joint Venture has determined to move ahead with a full feasibility study, a special purpose vehicle ("SPV") would be created to hold the specific discovery areas. Subject to the Democratic Republic of the Congo's free carried interest requirements, Randgold would retain 65% of the SPV with Loncor holding the balance of 35%. Loncor will be required, from that point forward, to fund its pro-rata share of the SPV in order to maintain its 35% interest or be diluted.
EBITDA matters
yeah it's accounting.