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NEWS TOMORROW?
Thank you, Congo.
That's exactly the type of info I wanted to receive from you.
Very insightful, as always. Thanks!
Impact on share price will depend on the degree of dilution (if any). If deal is achieved with Baiyin, the probability of a heavy dilution is quite high. This is just my humble opibion, but they already got 50m shares and I am afraid it would be a nice way to get a bigger stake in Banro.
Good luck!!
Good morning all,
CM, do you have any info regarding when the senior secured note issue will be solved?
I remember from a previous conf call that management suggested a 6 month (2 Quarter) timeframe. 3rd Quarter is advancing but still no news.
TIA and GLTA
Interesting analysis on gold production, prices and overall economic impact:
https://www.linkedin.com/pulse/past-prologue-stephen-letwin
Due Dilligence for Banro confirmed by WAI:
https://twitter.com/WA_MinPro/status/753522753794412544
PM $0.66!! Who has traded 100 shares at $0.66???
No idea about what is going on with the Due Diligence, VSAStory.
Usually, Due Diligences are carried out before mergers or new investment processes.
Let's what happens first...
Long and strong!!
Wardell Armstrong (a multidisciplinary Engineering, Environmental and Mining consultancy, http://www.wardell-armstrong.com) running a Due Diligence Study at Twangiza and Namoya mines. Reported in Twitter by Dr Barrie O'Connell:
"Due Diligence Study in DRC (Banro's Twangiza & Namoya Mines). Dedicated and enthusiastic staff gave a warm welcome."
https://twitter.com/Bazoconnell1/status/750991820159610880
Is something cooking?
$BAA Gap Closed (After +16% Pre-Market)
Now let's fly!
GLTA
Gap Closed... WTF!!!
$0.329 Pre-Market!
Banro CEO John Clarke visited Baiyin on May 5 2016. This is the first confirmation of the Baiyin-Banro deal on Baiyin's website:
http://www.bynmc.com/shownews.asp?id=2360
After trying some online translators I could get some information from the webpage (in Chinese): Maybe some Chinese-speaking member of this board could translate it better.
I got something like this:
"The Democratic Republic of Congo Banro Corporation chief executive officer comes Group (release: 2016-6-14)
On the afternoon of May 5, Democratic Republic of Congo Banro Corporation chief executive officer John. Clark and his party come Group to inspect, both sides have carried on the thorough exchange on the thick gold trade processing and minerals mining. In Group party committee secretary Zhang Jinlin, deputy manager Hui Zhi, under Sun Long accompaniment, John. Clark and his party to the copper industry company electrolysis workshop and precious metal comprehensive utilization workshop, the scene visit have understood company copper smelting and precious metal technique of production flow. Zhang Jin Forest to John. Clark introduced Group production operation, engineering process, foreign trade and gold production scale and other situations.
John. Clark's working capacity to Group the production operation and gold production of affirmed, hopes that the bilateral enterprise can further promote the friendship, intensified the thick gold trade processing service effort, was the enterprise development increases more economic efficiencies. Afterward at symposium that holds, Group deputy manager Du Ming, Xi Bin, Ma Huizhi, Sun Long separately with John. Clark and other specific contents of cooperation has launched the thorough exchange on thick gold business partnerships matters concerned and oxidized ore mining. John. Clark introduced in the discussion the basic situation in Ban Corporation, mainly has carried on the detail on the golden reserves, the thick gold refinement and oxidized ore mining. Group responsible persons of relevant departments participated in the above activity."
$BAA gapping up too!!
News this morning: Banro Foundation Wins "Community Development and Local Content" Award at the DRC Mining Industry Awards in Lubumbashi
https://www.banro.com/news-events/news-releases/banro-foundation-wins-community-development-and-lo-20160613
Will POG touch 1280 today?
If not today, maybe tomorrow.
GLTA!!
$BAA 0.32 Watch for a huge break out!
Gold is back over $1260!!
Banro CEO John Clarke will be talking at the DRC Mining Week Panel Forum this afternoon about:
"Panel discussion:
• DRC: is gold production the light at the end of the tunnel.?
Encouraging forecast for 2016-2018
• Tackling challenging fundraising conditions for mining and
metals (risk averse equity markets, rise of alternative sources of
finance, higher capital costs, lower earnings potential)
• How do you implement risk mitigation, market awareness,
monitor performance and innovation in a cost-constrained
environment?
• How do you ensure that investment is not deprioritised once
commodity prices improve?
• How do you insure a viable 3T mineral supply chain? How can
we encourage the growth of the copper industry?
• Commodities investment forecast: is the result worth the effort? "
http://www.drcminingweek.com/uploads/Pages/site170_27118_en_file1.pdf
DRC Mining Industry Awards tonight. Banro finalist in several categories such as "Community Development & Local Content", "HR/Outsourcing Leader of the Year", and "Mining Company of the Year". This also might help.
http://dmnnewswire.digitalmedianet.com/article/DRC-Mining-Week-to-celebrate-successes-and-focus-on-challenges-of-mining-sector-in-Lubumbashi-in-June-4432124
Gold demand at record levels in Q1 2016 - up 21% as investors surged into ETFs
http://www.gold.org/news-and-events/press-releases/gold-demand-record-levels-q1-2016
Goo BAA!!
If management states that outstanding shares are 302M and the Net loss is $23,13M? How could the Net loss per share be $0.09?
I don't get that number. It might be my fault, but I think they are messing up number on their files.
Just guessing... Sorry about that...
GLTA, we will need it!!
This is one additional example of the mess we are facing with BAA management. No clear information, no clue regarding Market Cap,...
Waiting, and waiting,... Quarter after quarter,.. Until??
I just found this in the MD&A Document in the SEDAR
"OUTSTANDING SHARE DATA
The authorized share capital of the Company consists of an unlimited number of common shares and an unlimited number of preference shares, issuable in series. As at May 11, 2016, the Company had outstanding 302,309 common shares, 116 series A preference shares, 1,200 series B preference shares, stock options to purchase an aggregate of 24,187 common shares, 8,400 warrants (with each such warrant entitling the holder to purchase one common share of the Company at a price of $6.65 until March 1, 2017), additional warrants entitling the holders to purchase a total of 13,300 common shares of the Company at a price of Cdn$0.236 per share until August 18, 2017, and 12,500 warrants (with each such warrant entitling the holder to purchase one common share of the Company at a price of $0.2275 until February 25, 2019). Reference is also made to the private placement completed in February 2014, pursuant to which preferred shares of two subsidiaries of the Company were issued. At the option of the holders of such preferred shares and at any time before the maturity date of such preferred shares of June 1, 2017, the holders are entitled to exchange their preferred shares into 63,000 common shares of the Company at a strike price of $0.5673 per common share."
For 302309000 shares, the net loss per share would be about $0.08. Small difference but still...
What's the real outstanding share quantity?
Net loss $23,134,000, Loss per share: $0.09. Therefore, the outstanding share number should be 257,044,000.
Aren't the new shares offered to the Chinese included in the results?
Why Google finance is reporting 352.15M shares outstanding? https://www.google.com/finance?q=NYSEMKT%3ABAA&hl=en&ei=UaDwVIKXIqqqwgP0r4GIAg
Anyone?
TIA
Nope...
Usually they release Conf Call details together with the PR. Last year, they poster after hours. And considering current time, I don't expect them to release today PM.
GLTA.
I am heavily loaded, and planning to hold at least until the $1-2 range (depending on the timing and fundamental evolution, obviously)
Wooowww!! Hope you are right!!
That would be great, but I am afraid we will have to wait for 1yr+ to reach the $0.8-1 range.
Obviously it will depend on POG.
Add BAA to the Gold pick list. Up +10% to $0.35 right now.
Gold to $1300, BAA to $0.4.
GLTA
BAA: Let's see if we can close the gap at the open. The temporary drop of POG from 1303 to 1295 may help. After that, run into $0.45.
GLTA!
Another reason for POG to fly!
China manufacturing PMI unexpectedly slips as stimulus fades
http://www.marketwatch.com/story/china-manufacturing-pmi-unexpectedly-slips-as-stimulus-fades-2016-05-01?siteid=rss&rss=1
Thanks for sharing the charts, AF.
Looking at the chart, and from a technical point of view, the $0.4 52week high is a critical point. Obviously POG and Q1 earnings in 10 days approx would help breaking it.
I am holding all my shares up to the $2-3 level which could be reached in 10-15 months. A much stronger H2 is expected for BAA as announced last month.
GLTA
Will POG reach $1300 today?
If so, will $BAA reach $0.4 today?
GLTA!
$BAA up +5.4% pre-market to $0.3583
And POG close to $1280!
GLTA
And Gold trying to break the $1280 resistance level
$BAA .34 just broken. Let's fly!!!
U.S. Economy Grew 0.5% in First Quarter, the Slowest Pace of Growth in Two Years
http://www.nytimes.com/2016/04/29/business/economy/us-economy-gdp-q1-growth.html?_r=0
Gold trying to move up again! @$1243
$BAA 0.333 already. Buy before it's too late. We will catch up GSS soon!
GLTA!
$BAA .32 broken. Let's fly!