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Very interesting. Been awhile since we've seen trading like this. Trades between funds?
It would be interesting to see what a small buyback would do. Probably a $1 million buyback would push the stock price up significantly, and it would probably be a great investment for the company. I don't know all the rules and regulations when it comes to buyback programs but it's an interesting idea. Of course if operating dollars are tight then this isn't something you would do, but if there's some wiggle room then it may be an idea.
Once the final 2015 financial statements come out, I think most major miners reporting is going to be very very ugly. ABX has been on a nice run lately but their 2015 financials are going to be UGLY. However I think they will have a great 2016. Maybe some of those investors will pull out and look for a junior miner with big upside. HELLO BANRO
I like the way the trading is going today. There are not many sellers. Not a whole lot of aggressive buyers but definitely not many folks looking to sell at 16 cents.
I like the way the trading is going today. There are not many sellers. Not a whole lot of aggressive buyers but definitely not many folks looking to sell at 16 cents.
That's what Martin said. Makes perfect sense to me...a share is a share regardless of the marketplace
That's what Martin said. Makes perfect sense to me...a share is a share regardless of the marketplace
I agree with this statement. Banro is simply not on investors' radar. I feel like there are maybe a couple hundred active investors and the rest is in institutional hands. They need to get the exciting news and a clear plan of action out to the public.
Even IF the company were to be delisted from NYSE, the shares would be converted to OTC or TSX, whichever the shareholder prefers. I don't expect the company to be de-listed...I'd be very surprised. There are too many good things happening.
I agree with this. I think the company is on the right track. Time will tell if this deal with this Chinese Investment firm will be a good one for both parties.
I currently have around 150,000 shares and will continue to add small blocks at these levels. The bottom line is that there are very few other items out there that mean value in the way that gold does. I think Gold could easily be in that $1500-$2000 range or higher. And even if gold remains in this $1000-$1200 range then Banro is in good position. I think these derivative markets and paper commodity markets are a recipe for disaster, and will likely lead to a huge appreciation of gold pricing. It's simply a matter of when. I know I don't want to be on the sidelines when that happens. I'm more than happy to hold my 16 cent stock right now.
I don't think Gold can be considered the same as other commodities such as oil, silver, etc.. Gold is mostly an "alternative currency" and "store of value" in my mind. I do not think that if the economy slows down tremendously that it is a bad thing for gold. In fact, I think it would push us back to that $1400-$1500 mark.
Where do you have access to preferred shares? I thought that was typically privately done.
Yes the current valuation is way off. I think that shows the lack of public knowledge and stigma of the industry and/or company over the years. I still think the target price over the next couple years should be $1-$2. And if Twangiza and Namoya continue to perform and Banro gets other mines up and running then the sky's the limit. Again the key for me is the quality of the property and the key relationships in the country where they're operating. 5 years from now this stock could be 100x where we currently are.
And I agree with you. I can't imagine a potential investor waiting on the sidelines while a Chinese Investment Trust wants to invest $100 million in Banro. If a well-versed investor is willing to put $100 million on the line because they believe in the profitability in Banro, then why wouldn't retail investors scoop up millions of shares under 20 cents.
Maybe there's some concern about dilution. It looked like 50 million shares would be issued to Baiyin. Also there's that delisting notification hanging out there. I think the most significant issue is that there just isn't that much interest in Banro because it hasn't been marketed enough and miners in general are having a rough time. I think that this year there will be more promotion and so forth (according to management). All in all I think the risk/reward is in the favor of long investors. I personally will take advantage of these prices and add to my position over time.
I think that the fact that Resource FinanceWorks is willing to invest nearly $100 million in Banro really shows the quality of the property and the value of the company's relationship with DRC government. Compound that with the fact that it seems to be a fair deal, I've never felt more confidence in BAA as an investment. At the point, I think this is a quality long term investment. I am surprised that the fact that this stock is trading at .16 but also I love the fact that I can scoop up additional shares at these levels.
POG +$17 so far this morning. Love to see it run. I personally do not think an impairment charge will need to be applied for Q4. It's all up to the accounting firm to decide...being that they took a substantial charge the previous quarter I think the chance is quite small. I'd be worried about other miners that did not take an impairment charge as of yet.
Imagine someone telling you the following: Namoya is now commercial, $100 million financing is closing, gold is hanging around $1100 but poised to move up and I'm going to give you a share of BAA for 15 cents. I'll take that deal all day long.
I see this as an opportunity to add shares at a crazy low price. I'm up to 150k shares and don't plan to sell until at least $1 per share. I think this will be a $2 stock within a couple years. The sellers must be scared to death and need cash or large funds re-distributing assets. If you've tracked this stock for a while, then you know things are moving in the right direction and wouldn't sell for 15 cents. Stock up shares and forget about it.
AXON reminds me of dog poo wrapped in tin foil, with a fish hook stuck thru it and sold as Cartier earrings.
I was wrong about a more realistic PPS. The company has $330 million in cash with a quarterly burn of $10 million or so. The value per share should be around $3.40 and maybe as high as $4-$5. The cash accounts for most of the value and I added in a 20% premium for the possibility of a salable drug. This company is a long way from being able to monetize anything...it's just going to be a cash burn for years
It doesn't look like the day traders are willing buy/sell today
This stocks fair value should be about 1/20 of its current market value which would put it around 60 cents imo. And I think that's being generous. They have an old, unwanted drug in its portfolio in testing.
Let's allow corporate management to do their jobs. The debt payment to Gramercy will be paid as scheduled, Namoya is nearing commercial, and POG will fluctuate as it always does.
Bought 10,000 shares at .180. Thank you very much!
Come on! Somebody sell me 20,000 shares at .175. Keyotee you have any left?
Come on! Somebody sell me 20,000 shares at .175. Keyotee you have any left?
Gold back to $1120 with momentum. HELLO $1130. ALL ABOARD
Bounce to 22 cents in 3, 2, 1 lol
The Chair of the Board Martin Jones confirmed that Banro does owe Gramercy $8 million on September 1st however he did not seem concerned about their cash position, which I'm assuming means that production must be quite good.
I've contacted the Chairman of the Board to get more details about the potential Gramercy $8.75 million payment. Can you send me a link detailing the mention of , 8.5 million due on Sept 1st?
On June 30th the company had approximately $11.15 million in cash and gold. Based on 2Q's pace the company will have approximately $25-$30 million in new revenue with approximately $15-$20 million in total expenses. Seems to me that they would be fine to make such a payment if needed.
Very good conference call...especially the full explanation for the $50 million write-down.
Scooped up 10,000 shares under 21 cents. Very happy to take those weak shares!
I read that as well. Once Namoya hits commercial stage I think it's a mute point.
In my view it looks as its just an accounting nuance because of the Mine Under Construction status. Otherwise they would have devalued further to account for Twangizas lesser value.
The impairment charge is simply saying that for Namoya we have all this gold in the ground which has diminished in value by 5-10% since the last report. So they're writing down their potential gold value by $50 million. Although I agree that it seems crazy that that # should be included in BAA eps figure. They're doing the right thing by devaluing their potential gold value and including that in their Mine Under Construction balance.
The important information is that mining costs and processing costs decreased slightly in 2Q. I think if you take the average total cost per ounce for H1 2015, you're looking at ~$560/oz which I think is a pretty good number going forward. That puts your all-in sustaining cost ~$650 which is pretty darn good.
After taking in the financials, I think trading will open around 30 cents tomorrow if POG stays near current level. I think the 2Q report was an excellent indicator of the overall positive direction of the mines and management, especially management. With gold pushing back towards $1200 over the next couple months and Namoya coming on, I think share price will dramatically increase with 3Q reporting (barring any dramatic, unforeseen events). I love the fact that Banro is cutting into that longterm debt so quickly and cleaning up the balance sheet. I think this is a $2 stock within 1 calendar year.
BAA is ripe to pop in the next few days...wish I owned more shares than I do
I agree that it's best to pump every dollar into growth of the business when it's early for most businesses.
BUT at the end of the day don't you think a 1 cent dividend which amounts to $ 2.52 million/year dividend would generate interest and take share price higher anyway? Also if Banro is as efficient as it appears then the company may not need that $2.52 million anyhow. And like I said before it's probably not a bad idea to move some profits away from the DRC just in case.