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Wall down!! Let's go for the next!!
The wall at 0.31 was broken and this one will be broken too!
POG will help too, now back over $1240!
Go $BAA!!
Keep buying $BAA guys!!
I have been holding for over two years now and I will be holding until multidollar levels. Hopefully in another one year or two.
GLTA!
$BAA also ready for the next leg up. Breaking out!!
BAA listed on the Gold Portfolio Bobby Brown Gold 2016 (USA)
Together with VGZ, AXU, AAU, GSS, MGN and EGI.
Posted by AugustaFriends at the Orions Money Stocks Ihub Board: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122041413
$BAA News out: Banro Announces Reserve Growth of 9% to 3.18 Million Ounces After Depletion in Twangiza and Namoya
The Twangiza Proven and Probable Mineral Reserves increased by 11% to 1.82 million ounces (“Moz”) of gold (27.67Mt @ 2.05g/t Au) after depletion due to changes in cut-off grade, reversal on bulk density and revision of the pit design. This gives Twangiza a 14-year mine life.
At Namoya, the Proven and Probable Mineral Reserves have increased by 7% to 1.36 Moz of gold (20.94Mt @ 2.02g/t Au) after depletion, revision of the pit designs, addition of gold-in-process and additional drilling results at the Namoya Summit - Filon B portion of the Namoya Summit deposit.
Banro’s overall Mineral Reserves have grown by 9% to 3.18 Moz of gold (48.61Mt @ 2.03g/t Au) at US$1,200/oz gold price.
Banro’s total Measured and Indicated Mineral Resources for all its properties is 7.04 Moz of gold (141.94Mt @ 1.54g/t Au), and Inferred Mineral Resources of 5.08 Moz of gold (93.29Mt @ 1.70g/t Au).
http://www.banro.com/news-events/news-releases/banro-announces-reserve-growth-of-9-to-318-million-20160419
8-9 June 2016
Banro will be presenting (and platinum sponsor) at the DRC Mining Week, 8-9 June.
http://www.drcminingweek.com/
John Clarke will be talking at Session 1.4
Commodities focus: who is going to be the rising star of 2016?
Chairperson: Serge Bilambo, Mining and Metals Head, Standard Bank, DRC
16:00 Panel discussion:
• DRC: is gold production the bright light in the storm? 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?
Presented by:
• John Clarke, President & CEO, Banro Corporation, DRC
• Jean Nzenga Kongolo, Deputy Director, Sicomines, DRC
• Louis Watum, Managing Director, Ivanhoe Mines, DRC
• André Kapanga, Tenke Fungurume Mining, DRC
• Roy Bondo, Administration and Financial Manager, Randgold
Resources Ltd, DRC*
http://www.drcminingweek.com/uploads/Pages/site170_27118_en_file1.pdf
And also considering POG @$1252 right now.
Go BAA!!
News out. Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces operating results for the first quarter of 2016.
Q1 OPERATIONAL HIGHLIGHTS
Twangiza and Namoya produced a combined 44,192 ounces of gold during the first quarter of 2016, in-line with 2016 production guidance
Twangiza produced 26,638 ounces of gold in the first quarter of 2016 as the mine plan focused on waste movement resulting in mining ore zones with lower head grade at lower recoveries compared to recent quarters
Namoya produced 17,554 ounces of gold in the first quarter of 2016, with 7,100 ounces produced in March
Namoya mined over 1.8 million tonnes; however, mining productivity was restricted by road conditions and blast hole drilling availabilities
"Quarter one will likely represent the most challenging quarter of 2016, with the production profile of both Twangiza and Namoya being heavily weighted to the latter half of the year, as indicated in our 2016 production guidance. While the overall performance was in line with expectations, certain critical metrics were below expectations, including recovery rates at Twangiza and ore volumes mined at Namoya," said Banro President and CEO John Clarke. "As we move into the dry season in the second quarter of 2016, operations are expected to benefit from improved working conditions, enabling a return to planned performance."
Based on Google Finance information the outstanding share amount is 352.15M shares. https://www.google.com/finance?q=NYSEMKT%3ABAA&hl=en&ei=UaDwVIKXIqqqwgP0r4GIAg
They issued 50M to the Chinese and I think Grammercy converted some of the warrants (but not sure about this).
In addition to share price behavior, BAA dilution has also to be taken into account.
BAA added 100M outstanding shares and GSS didn't. If you compre Market Cap trends, the final comparison is not that bad.
Of course I did. I read every PR they release. But I am really bored of waiting. That's all.
By the way, I don't know who KIM K is. Sorry about that.
Sorry guys, I am missing something here
IF the earnings were as good as expected, IF guidance is so spectacular, IF the impairment was also expected and lower than expected...
Why the stock is down? Why volume is non-existing? Where is the expectation to fly through the 0.32 roof?
I am long, holding 600+ thousand shares, and planning to hold them until at least a $1 level, but I am frustrated. I was expecting a thrilling after earning trading season... And what??? Nothing!!
Now again, we have to wait til Q1 production numbers. If not, then wait til Q2, if not, wait til... Wait... Wait...
I am quite disappointed, honestly.
I hope I am wrong, though...
Good point Tronicta! I am not French though!!
GLTA
Ninteen years ago, the first agreeement between DRC governement and Banro was signed.
A long way to this point, a great way to the future.
http://uviraonline.com/cetait-un-17-mars-comme-aujourdhui/
It is written in French but I think it is a nice way to reach the 50000th post in this awesome Message Board
Thanks to all!!
Sorry guys... I will go for it...
Good luck for this critical week!!
I would summarize it as:
23rd March after market closes: Q4 and 2015 full year financial reports
About 9th April: Q1 production numbers
About 10-12th May: Q1 financial results
That would give us a $1.2 equivalent share price in BAA case (8x min)
I would love to see BAA at $0.42 instead of at $0.27...
StockItOut, I got the information from:
http://www.marketvectorsindices.com/indices/hard-asset/market-vectors-global-junior-gold-miners
And I got there through a link at VanEck webpage:
http://www.vaneck.com/etf-europe/equity-etfs/gdxj/Index/
where you can read:
"Transparent
Full methodology details, selection and review processes as well as realtime index values and weightings are disclosed on www.marketvectorsindices.com."
These are the requirements for GDXJ:
1. Full MCap of at least 150 mln USD.
2. Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews.
3. At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews.
Long way to go...
I think that what it is requested is to trade 30 days (natural days not trading days) above $0.20 (i.e 50M$ market cap). Therefore, we should be pretty close to the objective then (March 12...).
But not really sure about natural or trading days.
Anyone?
Let's fly!! Gold $1290 today and BAA $0.33+?
GLTA
GOLD $1274!! Today will be a great day!!
Go BAA!!
Great, thanks, Keep us updated!!
Banro CEO, Jones: “Yes, a breakout year! Our first mine at Twangiza is running reliably at capacity and above-capacity levels. Over the next few months we are ramping up our second mine at Namoya to full production. Meanwhile, we continue to make progress on achieving improved cost-efficiencies.”
http://www.stockhouse.com/news/newswire/2016/03/02/mining-in-2016-break-out-or-breakdown#LQhIEsFqU0AkvEtw.99
New announcements coming during the PDAC conference next week? Banro is presenting there.
http://www.pdac.ca/convention
Actually, this buy was before the deal announcement. This is kind of weird, isn't it?
Another issue with the last PR is the lack of reference about the Preferred share dividend payment, which was announced in the first PR (December 31st) but it is not specifically detailed in the later two.
Anyone?
TIA
Insiders buying again!!
Feb 24, 2016 (filed on Feb 26, 2016)
Insider Name:Colson, Maurice
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:50,000
Price:$0.38
https://m.canadianinsider.com/company?menu_tickersearch=BAA%20%7C%20Banro
0.30 Pre Market.
With the great news today. We will fly!!
News out: Banro Reports Further High Grade Drill Results and New Mineralized Zone at Namoya
- Drilling at Namoya intersects significant mineralization, including 10.00 metres grading 18.48 g/t Au, 29.00 metres grading 3.84 g/t Au, 16.00 metres grading 4.16 g/t Au, 6.00 metres grading 17.65 g/t Au and 42.00 metres grading 2.29 g/t Au.
- New mineralised zone; Namoya Summit Hanging Wall, discovered at Namoya.
http://www.banro.com/assets/docs/RC-intercections-Feb-2016.pdf
Same feeling here!!
Finally green on my 605k+ shares.
Holding long-long-long!!
GLTA!
Banro Closes US$67.5 Million Stream Financing
http://www.banro.com/news-events/news-releases/banro-closes-us675-million-stream-financing-20160216
Banro Corporation (“Banro” or the “Company”) (NYSE MKT:BAA)(TSX:BAA) announces that, further to its December 31, 2015 press release, it has closed US$67.5 million of its previously announced financing (the “Financing”), representing the gold streaming transaction relating to the Twangiza mine (the “Twangiza Transaction”) with RFW Banro Investments Limited (“RFWB”), a subsidiary of the Baiyin Stream Partnership I, LP, a mining investment fund managed by Resources FinanceWorks Limited. The Partnership is led by the Baiyin Nonferrous Group Co., Ltd., a strategic Chinese mining group based in Gansu, China.
The balance of the Financing previously announced, comprising a US$22.5 million term loan to be funded by RFWB and investment funds managed by Gramercy Funds Management LLC (“Gramercy”) and an US$8.75 million equity private placement to RFWB, is expected to close before the end of February 2016. The purchase by RFWB from Gramercy of US$40 million of the outstanding Banro senior secured notes issued by Banro on March 2, 2012 (the “Senior Notes”) and US$20 million of the outstanding preferred shares issued by subsidiaries of Banro on February 28, 2014, is also expected to close concurrently with the closing of the said term loan and equity private placement transactions.
Deal Done!! News out
Yes, but my average buy price is .27, so I am still down a lot.
It will recover soon though...
GL Longs!!
I am more than ready!! Holding my +600k shares all the way up!!
Fingers crossed!
GLTA
That's great news!
Today, Hong Kong markets reopened after the New Year break. Hold on tight for Monday when Shanghai will reopen after a whole week holiday...
That will be THE BLACK MONDAY for markets and hopefully THE GOLDEN MONDAY for GOLD and BAA.
GLTA!!
More news regarding DRC decision to maintain the Mining Code.
DRC government drops plans to amend mining code
http://www.miningreview.com/drc-government-drops-plans-to-amend-mining-code/
Graphically illustrated here:
#miningindaba révision du code minier #rdc pic.twitter.com/iXYE8MiWJN
— L. Vincent (@LYVincent) February 10, 2016