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I agree, but who knows?
http://www.marketslant.com/articles/putin-short-bonds-long-gold
We Are In Worst Position Since World War II - Speaker
Sep 20, 2016
Guest(s): Rob Vrijhof Founder, WHVP
The state of world affairs are dire, this according to Robert Vrijhof, founder of Swiss-based asset management firm WHVP and speaker at the Total Wealth Symposium. According to Vrijhof, the best asset for investors to hold right now is gold. “I don’t think you can be optimistic at the moment, I think we’re on very thin ice worldwide and I must say we’re in the worst position since WWII,” he told Kitco News at the event. “The only thing that I like at the moment is ... (read more)
Hi stock
I placed an order to buy back some.
Looks good, I am positive.
Will try to use the happy hour.
BAA long
Thanks for posting this. Thanks for posting this.
And now ? fine
We make the same experience in Kenya, and we help without business, its regular there.
You can get this sh.. in Mexico too.
BAA has an excellent social program, this will help miners like BAA.
But you see they are working!
Fine for me
Long BAA
Hello to the BAA friends
The board is silent.
The enthusiasts are gone?
You didn’t know ..............that this company has depth?
..............The circumstances in the Congo aren’t that easy to work?
..............The PR and the promises of this company aren’t the best?
..............and that they can survive only with a fair gold price?
Now you have three wishes.
Gold up between 1500 and 1900.
Baa at the end of year produced 230.000 OZ for the year.
And good weather for that.
Extra wishes....
A good new CFO
A solvent partner to open the other two mines.
And a lot of fantasy.
But what you really have is..... Clinton or Trump
And EU has Merkel or Merkel, with François Hollande
and Junker the hard drinker can help them.
Good morning new world
If this is not enough to get a better gold price I have no idea.
BAA stockholder
http://www.kitco.com/news/2016-09-18/PRECIOUS-Gold-steady-on-uncertainty-ahead-of-central-bank-meetings.html
No other messages, everything is sad,sorry, said.
If you dislike the links let me know.
BAA stockholder
Would like to learn options. Any good intro presentations you recommend? Every time some 'learn how to' comes way, there in fact is much not relayed where presenter assumes a base understanding of terms and strayegy, which is silly for any 'into to' presentation. I understand the cocepts, yet not the specific language of particulats as relating to actual positions and ownership and trading.
Sorry stock, I don’t like to recommend anything or anyone in this case. Before you understand you can watch the crash.
But please don’t misunderstand me, this has nothing to do with your talent. You need time, a lot of money and you can learn this only by experience.
You are a very kind person. Keep your fingers out of it .
The market is crazy and out of control.
Be careful.
Will contact the company after long time.
I will tell you.
best wishes and regards
G.
Fed Is Destroying Currency, Capital - Doug Casey
Sep 16, 2016
Guest(s): Doug Casey
Long-time Fed critic Doug Casey doesn't expect the U.S. central bank to raise interest rates next week, and says their efforts are actually hurting the economy. Speaking with Kitco News at the Total Wealth Symposium, Casey argues that gold stocks will provide great opportunities for investors in the current environment. Don't miss our continued coverage of the event in Bermuda.
Long BAA
Thanks stock....
And thanks for your job you are doing here
Long BAA
REPEAT: Why This CEO Sees $1,900 Gold, $25 Silver On The Horizon
Sep 13, 2016
Guest(s): Monty Guild Founder, Guild Investment Management
Kitco News speaks with Guild Investment Management founder Monty Guild to find out why he thinks gold is headed to $1,900 and silver to $25 an ounce. “More important than the direction of the economy is the current psychology about governments’ ability to avert economic problems, and about the integrity of government actors that is projected to the business community and to the consuming and investing public,” the LA-based CEO told Daniela Cambone Wednesday.
Hi Stock
Thanks for your advice.
You will get a better statement in the next days.
My son married a women last week.
My little farm is OK. My account too.
The project in Kenya is running very well, I hope this for the Congo too.
But my mistakes are great.
Good ideas, lot of risk, but no discipline.
best regards............long BAA, Banro, the company.
Hi stock
Thanks for responding to my joke.
I hope too, they will save money, not only for K.J.
regards
and.. I will tell you how stupid I was in matter of trading, but anyway, I have my long Pos. now at 0,00628571428, but with a bit help from my goro pos.
Now no stocks, only BAA,
so...long...BAA
good luck to you
Primero Announces Appointment of Kevin Jennings as C.F.O.
TORONTO, ON--(Marketwired - September 01, 2016) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P.TO) (PPP) today announced the appointment of Kevin Jennings as Chief Financial Officer effective September 19, 2016.
Mr. Jennings is an experienced international mining finance executive with an extensive background in financial management and reporting, international corporate transactions, strategy development, restructuring and turnarounds. He successfully led the African Barrick Gold initial public offering as C.F.O. and has held senior financial executive roles with Barrick Gold, (Vice President, Corporate Development), Xstrata Nickel, (Director, Business Optimization), Falconbridge (Director, Business Development), American Racing Equipment (C.F.O.), Sun Gold (C.F.O.) and most recently Banro Corporation (C.F.O.). Kevin is a Chartered Accountant with a BA in Administrative studies (Honours Accounting) from York University and a BA in Economics from the University of Western Ontario.
Mr. Jennings will replace Ms. Wendy Kaufman who is leaving the Company effective September 6, 2016 to pursue other opportunities.
I want my Kevin back. To restructure and turn around Banro.
But may be we get Wendy. O.k. anyway, Kevin good luck to you, was nice not to meet you.
Go long BAA Kevin!
Texas R.
Look out for DR.Andreas Kalcker, You Tube, etc.
Good luck.
I am still long on BAA.
Thanks, well done.
Hi stock!!!! missed the happy hour, next time, thanks and sorry
http://seekingalpha.com/article/3793706-when-things-go-wrong-banro-corp-case-study?auth_param=168bt2:1b8qnfo:1ce450dff89d87216400bcdd3df2e8a0&uprof=45&dr=1#alt1
You focused exclusively on negative things about Banro. Did you try to figure out why people are buying this stock?
1 Their yoy production is scaling UP considerably.
2 Their all in sustaining costs are excellent.
3 Their mineral rights holdings are excellent.
4 Read the other article about their loans... according to which, they got a good deal, and it will help them to expand.
5 Namoya will come on line eventually, God willing, and those who are holding this stock, or buying it now, know what that will mean when it happens. I just saw pictures of their new cat dump trucks, for example... but apparently you think this is a "good time to sell"... Nobody holds gold miners unless they think either gold is going to climb, or the miner itself presents an excellent value in some other way. In Banro's case, I'm expecting both.
All said, in my opinion, Banro is a great company, and twenty cents is a bargain. jennings
For stockItout personally
Hi stock !
I will send you the photo I promised, sometime on a Friday. My last dog left me, that's why I didn't have time.
Tell you... I got good news, the news are good.
I personally am very excited about the Company's prospects in 2016.
Read between the lines, I know you can.
Regards a friend G.
p.s. I bought at 16 c more BAA, wait and see, good luck and a great 2016. I like the Social Initiatives of Banro in 2015, we did well with the Aussie and in Kenya.
Baa up
not bad, happy 2016
the best wishes for the new year
R... G.
Banro (AMEX: BAA) [TSX: BAA] is listed on the NYSE MKT AMEX and TSX with a 2012 high of US$6.05, a 2006 high of US$14.60 or C$16.50, now trading at US$0.18 per share. This Canadian gold company focuses on production and development in the Democratic Republic of Congo (DRC). Banro's 14-year Twangiza mine started commercial production in 2012 and has 1.64Moz of P&P reserves at 2.28g/t, plus 810Koz of M&I oxide ore at 2.02g/t and 60Koz of Inferred at 1.32g/t, plus 4.45Moz of M&I transition and fresh ore at 1.43g/t and 420Koz of Inferred at 1.12g/t. Last week's strong Q3 production report was 34,824oz +28% versus Q3 last year, with 105,092oz so far this year.
Banro's second mine continues to ramp up with commercial production expected by the end of this year. The Namoya mine is 200 km southwest of Twangiza and has 1.27Moz of P&P reserves at 1.92g/t, plus 1.74Moz of M&I at 1.88g/t and 330Koz of Inferred at 1.63g/t. Heap leaching oxide ore takes several months for full gold recovery with stacking levels now at 447K tons. Q3 production was 12,157oz +160% versus Q3 2014 and at full capacity Namoya should produce 9K-10Koz per month.
Banro's 2015 guidance is 175Koz-195Koz which may grow to 250Koz+ per year over the next year or so on these two mines alone. That's enough short- to near-term production growth to catch my attention, but there's so much more. In between these two operating mines are two more large mines to be developed. Lugushwa has 730Koz of Indicated oxides at 1.35g/t and 310Koz of Inferred at 1.56g/t, plus 3.22Moz of Inferred transition and fresh at 1.54g/t. Kamituga has 320Koz of Inferred surface ore at 2.40g/t and 600Koz of Inferred underground ore at 6.00g/t.
Banro has 13 mining licenses over 2,616km2 of all the major historical gold producing areas of the Twangiza-Namoya belt where ~2.4Moz were previously mined. The company was also awarded 14 exploration permits covering 2,638km2 between its projects, with additional permits pending. Not just a series of properties or even a district, usually measured in hectares, Banro is a first mover play on most of Africa's last-known undeveloped gold belt spanning over five thousand square kilometres!
After a decade of exploring only 5% of its claims, Banro has identified 15.9Moz of resources so far, broken down as 2.91Moz of P&P reserves at 2.11g/t for Twangiza and Namoya, plus 7.73Moz of M&I at 1.55g/t and 5.26Moz of Inferred at 1.67g/t over all four mines. The company's goal is to be a 500Koz+ per year very low-cost gold producer that earns its motto, "the passion of a junior, the assets of a major." This Banro Corp. company video is informative but is a few years old.
BAA's August 12 Q2 shows record quarterly and half-year revenues of $42.6M +61% versus Q2 last year, and $83.6M +47% versus H1-2014. EBITDA of $34M +210% was also a record, versus H1-2014's $11M loss. Twangiza's H1-2015 cash costs were $558/oz, -30% from $794/oz, and AISC was $643/oz, -29% from $902/oz in H1-2014. Twangiza's gold reserves even swelled +59% which extends the mine life back to 14 years utilizing the existing processing plant.
As of June, current assets were ~$62M versus ~$112M in current liabilities, and with long-term debt of ~$166M. Debt is debt, but this seems manageable with high-margin production ramping up nicely at both mines. Cash flow is building but has been needed to complete Namoya - see the Q2 mine under construction investment table which now is up to ~$396M.
Financing with debt or streaming to finish a producing mine is actually preferred over massive equity dilution at only pennies per share. With debt, and even after a ~$50M impairment charge, BAA still shows ~$450M in shareholders' equity, or ten times its current market value of $45M. Hopefully, with Namoya nearly done, debt will be knocked out quickly to protect the common shareholders.
BAA's Q2 balance sheet shows ~$45M cash and inventory which is equal to its absurdly low $45M market cap. Why is BAA trading at cash with record revenues and EBITDA, huge high-grade gold resources at extremely high margins, tons of net equity to borrow against if needed, as its second mine ramps up production? The September 29 news that BAA's NYSE MKT listing may require higher share prices by the spring may upset some but doesn't affect intrinsic values. BAA may go higher by then, it could roll back and consolidate the share structure, or just trade on the TSX.
Many investors consider Africa unstable and the DRC especially risky. While I agree, risks are everywhere and I believe the DRC needs Banro as much as the reverse. Banro has employed thousands, built 500km+ of public roads and 90 bridges and supports many businesses. Its charity has completed 70+ social developments, including 10 new schools plus 2 rehabs, a university women's residence, 4 health facilities, a marketplace, 4 water systems for 33K people, 2 basketball courts, sustainable farming, etc. Future projects include a hydroelectric dam to benefit all while lowering Banro's energy costs around $100/oz! Banro received Best Employer in May and on October 19 won Best Performer in Social Investment with its founder nominated for Lifetime Achievement at the DRC Mining Awards.
The very last one sarcastic
the Euro getting destroyed 1,1030, xag too, 15,42, xau 1139,30 and the AUD 0,7145, all destroyed
only the kiwi, NZD is stable, because they have milk
and BAA has gold
good morning Amerika
Go BAA
For Stockitout only, BAA!!!
I appreciate your answer! Thank you very much!
You understood it when I posted ...STRONG SELL! if you don't want to be rewarded ....
But look they can't even understand any sarcastic postings or fun.
Too many here are full of hate and don't have confidence , I think the same as they act, so are their thoughts.
Liars and braggarts. Maybe this causes the time we are living in. Lies everywhere, Ratings, Politicians, everywhere manipulation.
Envy, ill-humoured, distrust and misfortune are leading to misunderstanding and forms a ill-judged dunghill of conversation.
I won't be part of that. Will never post again on any message boards.
Have better things to do and won't steal more time of my dog and my family.
And you should know why I'm so greedy and want more or less 400K shares, because I need this money not for me, I feel responsible for the projects I sponsor, because friends
are working there with children they are really hungry. And in my neighborhood children are sleeping under tables. It can break your heart when you see their sh.... life.
I will read your messages here to get infos with quality. But won't answer on the board any longer.
Further I will inform you with a private message if I get information you can't read anywhere.
Will send you a photo from my Finca and the project in Kenya.
I will also send you a proof of my conversation I posted to you.
I trust you.
So you can trust me. I have some principles in my life and one is not to lie.
But I won't share anything on boards in the future, I won't loose my reputation that I got in the company.
I will tell you when I sold my shares or parts of it.
Have a good buy order placed with 17 cents. Need some more, if I can get it, to trade when it reaches 50 or 60 cents.
250K I won't sell under one USD, fact.
I will use the happy hour on Friday for private posting.
It was a pleasure and honor to have conversation with you, thanks again.
Sincerely with the best wishes to you
G.
p.s. And again! Sir, I'm very positive about BAA, Banro the company, after I got all my questions answered, and because of this I started again to buy at 20 cents. But my account is limited, 110K, not more for stocks. So I have to wait if BAA dives a bit, I will buy the max.!
Hope for you and me we can wait to make a real good profit! with BAA, it looks good!
G.
You mean ...their... or its gold res., because Venezuela isn't a girl.?
These are very old news, they sold only parts of gold their res.
and under the pressure of the Oil price.
They have more or less nothing but OIL, but with this price now, no bread.
This has nothing to do with the gold price, and why can they sell? Somedody has to buy.
This has nothing to do with Banro. BAA long
gold was destroyed at 1080, look back! it is back 8 bucks now at 1140
forget the POG buy Banro
silver getting destroyed too, 15,50, world getting destroyed 2015,
lets see if our messages getting destroyed now
Hi stockitout! Go BAA!!!
I appreciate all your kindly answers and interest in my personal statements.
Thank you!
I got mails from the company 3 days ago and had a very long talk via telephone with one member, responsible.
You know about my anger about the PR in the last time.
I got the promise this would become very much better in near future including a presentation for investors, speak PR action.
They want to be sure about Namoyas comm.production and still awaiting 9000 oz p.m. for this mine.
This person has also a lot of shares and is very optimistic.
The Nyse warning has nothing to do with the 1 USD rule, which does not apply on this board where BAA is trading. They only got it because it was trading under 20 cents again. He thinks they won't have any problem above this level. Besides that they are listed in Can., on the Amex there are flexible arrangements and agreements posible.
I offered the company my address, full name, occupation, etc. and a proof of the amount of my shares.
I'm not unknown to them, they know from earlier conversations my big respect for their social foundation and that I'm working in this area too. And that I have half of my money invested for social projects in Latin America and in Kenya.
So, I got some informations about the delay with Namoya, this wasn't the fault of the company, but about that I can't write, have no permission for that.
The only thing to share is that they also had some unexpected difficulties in equipment supplies.
The person told me that she/he knows they promised Namoya too early.
About the Nyse warning they didn't get enough inquiries from investors, to react to the public. They will send a statement about the necessary steps in this matter to interested share-holders by e-mail.
He/She was very kind and spent a lot of time to answer to all my concerns.
For me the exactly time to get the good news isn't important.
Like them, I have to calculate with delays, which always can happen. Weather or broken Equipment, etc.....!?
They have no political stress or problems with unions. I'm allowed to say this.
One more thing, they don't think that their shares are more manipulated like others. It depends on the current gold price and uncertainty of investors in this times.
They think further a share price of one USD is realistic in the middle term if gold will get a little rebound and Namoya is completed.
I bought today at 20, one cent under my average price. I don't care if it dives to 16 or 17 cents again, it would make me really happy.
You should know, I like it to touch the falling knife.
Have done it with the Aussie several times, though getting the warnings not to do so, but my margin account keeps growing. Sometimes a little headache, but with patience I got what I planned.
I think it will happen with BAA the same way.
I'm an investor and not a trader in this case!!
If we sell the whole time with a little profit, how can a company exist and maintain a good reputation?
We all are responsible.
The share price represents a company.
I explained that in a message before, but nobody wants to hear about this, most of them prefer to make a quick buck.
You cut your own flesh.
So, Stockitout this was my last message on this board and I say good buy.
Good luck to you for all your decisions!
And thanks again for responding and your answers to my posts!
Regards G.
Again, I see my investment in good hands, more than ever.
LONG BAA
For all members of the board, I WASn't TREATED so well.
I was honest, declared myself, tried to help and to find out everything about the company.
I like this company, was angry about their PR, but not now any more, got explanations.
I'm long with 12000 goro and over 310 000 BAA.
This is above 110.000 USD, this is my limit to invest in gold.
Other gold stocks I sold with a bit in the blacks.
I have already cash and will buy again BAA, only if BAA dives a bit.
Bought today at 20 cents, my average is 20,5 cents now.
I contacted BAA several times and posted the conversation here.
The last mails I won't post.
Stockitout was the only one to answer with style.
He will get a message tonight.
If you can afford it, buy BAA !
Don't use margin! Manipulation will shut you down!
If you decide to sell, sell! It doesn't matter to anyone on this board or other boards, we are little fishes to catch.
Invest or stay as day trader with your penny-game!
But don't manipulate people who are investing!
Go BAA or sell it, good luck and no whining.
explanation?... If you post on a message board with 100 members like me, each holding more or less 300K of common shares, and one helps the other to stay long and strong?
In the case of BAA would it be a bit under the double amount of floating shares? Do you think this makes sense ?
Only 150 000 shares p. person are enough to stop any manipulation or shorting. But you can't trade with pennies, that's the problem with people who like to trade for 200 USD.
So forget it, it was only an idea.
You have to wait above 1 USD, so you will see a rise in institutional investing. They have rules.
So trust in yourself and the company, if you like BAA
Thanks investor 86, I know this is a good job,
.20 is a cheap as never seen for this opport.
regards,p.s.
don't worry I'm buying more if BAA dives more, I would be happy
despite I already have over 310K.
bought again at .20, have access to my computer
Baa and not so much sh.. here would be nice
Hi stock, very short, I'm trading the Aussie, makes fun!
Got a new entry!
Beside that, you can trust me!
All needs a bit time, but for me the PR question is answered well!
good luck and don't read to many news or messages!
Goo baa, tonight I will tell you more with my words
honestly G.
Hi stock, got Baa at .2023 have other orders placed.
Will tell you something tonight, have no time now, stay, it's o.k.
long BAA
kpisme you can read my post tonight for stockitout
I'm BAA long invested not to trade
regards and good luck
yes goldismoney1 you can wait for better news of BAA
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Tob 999 !!! I will send you the crap and care about to share it with you
Strong sell, got a lot of informations!!!!!!!!!!!!!!
I you won't be rewarded sell now!! and sell fast, because it's not much time !
This is one of my 3 last messages here!
Ask Stockitout for translation