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$33.15 or so.
Looks like a good day to give DUST back to them if they want it so bad at $33.30.
I keep lookimg at NUGT but the average All in Costs of those companies vs BAA just does not make sense!!
I am not selling a share until Feb 2016 or beyond. congrats to the traders.
I was thinking Happy Hour!! Guess what my favorite flavor is.
Here is your relative chart....BAA:GDXJ.
Capitulation has happened. The get me out at any price happened today. Based upon the relative chart...if, when the junior miners and gold stabilize price, I would expect BAA to jump up and lead the pack again.
http://stockcharts.com/h-sc/ui?s=baa%3Agdxj
This is a thing of beauty...relatively speaking of course.
Per my prior post...BAA still makes $.03 EPS with gold at $1000. This is using the Q2 production which has already been confirmed by the company. Do your own due diligence...
AVERAGE PRICE OF GOLD Q2 $1,000
Q2 GOLD PRODUCTION 44,850
Revenue $44,850,000
Operating Expenses
Production Costs (43%) $(19,285,500)
Depletion and Depreciation (15.58%) $(6,984,939)
GROSS PROFIT FROM OPERATIONS $18,579,561
General and Admin (6.8%) $(3,049,800)
Share Based Payments (.00983%) $(440,876)
Other Charges and Provisions (.01815%) $(814,028)
NET INCOME FROM OPERATIONS $14,274,858
Finance Expenses (.14767%) $(6,623,000)
Foreign Exchange Gain/Loss $-
Interest Income/Loss $-
NET INCOME/LOSS $7,651,859
Weighted Average of Common Outstanding
Diluted 252,221,000
Net Income Per Diluted Share 0.0303
However the explanation that BAA gave was understandable. Furthermore, Namoya is doing 5000 tonnes a day on its way to 6000 per day.
Its not like last year when the whole Namoya process had to halt and BAA had to spend additional money and resources to correct the process.
That has been done and quite well it would appear. The news just needs to spread and the EPS needs to become more reliable over the next few quarters.
I think we have started.
No doubt Congo. No doubt.
Did you and Congo consult on that article Blue?
It sounds verbatim with what you and Congo have been posting!!
Blue:
What effect on All in Costs will Namoya being in "commercial production" in your opinion?
Are all in costs kept separately by mine or are they eventually blended together?
http://seekingalpha.com/article/3330635-banros-production-numbers-prove-the-company-is-on-the-right-track
That is an outstanding article on BAA on Seeking Alpha. Nice timing too.
I wonder if Blue and Congo were consulting on the Seeking Alpha article?? It sounded almost exactly what they both have been saying all year.
Nice job Blue and Congo. Thanks for your DD.
Junior Miners and GDXJ has actually turned green.
How does Namoya being declared "commercial production" affect all in costs?
let's get it back riding on the BAA express Moosey!
What was the other one? MDW and who?
Not with $50,000,000 in revenue even if gold goes down to $1000 and Twangiza and Namoya mines are producing 50,000 ounces per quarter or more. As they are now.
Nice try though Moosey...
For those of you that follow the Ichimoku chart patterns...the BAA weekly chart has the Ichimoku cloud turning green after 5 years or more of being red.
Ichimoku chart patterns is not one that I know a lot about however.
Don't be surprised when Greece becomes an issue along with China in the next couple of days also. IMO.
Agree Congo.
Once again I was trying to use $1000 gold price which will not happen because gold was higher during Q2 and known Q2 production voume. Just to see how the EPS structure might look for worst case...
I hope the house build is going well for you Congo.
I agree Blue.
I was simply trying to use a "worst case" scenario based upon Q1 expense/revenue percentages, a price of gold at $1000 and the 44850 ounces we know were produced in Q2 to see what EPS could be.
Does not take in to account the fuel savings that will happen in Q2 talked about in the conference call.
Pull up a comparison chart of BAA:GDXJ using a 20 and 50 EMA. Very nice uptrend while some are getting so emotional.
When gold does find a bottom...I would expect BAA to move up being such a high relative strength stock.
Wasn't the plan to use quite a bit of the Q1 financing $$ to buy the Cat777's to get more load rolling for Namoya??
Obviously, there are many items that can affect the numbers. It is interesting that the price of gold going up or down $150 did not greatly affect earnings. Paying down the debt would help just as much as gold going to $1400.
Just trying to use a worst case rough scenario. Thanks Tex.
This is a revision of the spreadsheet for Q2 based upon the
Q1 INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(Expressed in thousands of U.S. dollars) (unaudited)
Page 4 of Q1 Financials DO YOUR OWN DD
Using $1000 for a sales price and 44850 oz sold I still get +$.03 EPS for the Q2.
I have simply used the numbers based upon percentage of the expenses divided by total revenue of Q1. Percentages used are next to the item expensed.
Granted this is a rough spreadsheet but it gives a feel for the $ velocity involved. Spreadsheet below.
Would love you accountant types opinions.
AVERAGE PRICE OF GOLD Q2 $1,000
Q2 GOLD PRODUCTION $44,850
Revenue $44,850,000
Operating Expenses
Production Costs (43%) $(19,285,500)
Depletion and Depreciation (15.58%) $(6,984,939)
GROSS PROFIT FROM OPERATIONS $18,579,561
General and Admin (6.8%) $(3,049,800)
Share Based Payments (.00983%) $(440,876)
Other Charges and Provisions (.01815%) $(814,028)
NET INCOME FROM OPERATIONS $14,274,858
Finance Expenses (.14767%) $(6,623,000)
Foreign Exchange Gain/Loss $-
Interest Income/Loss $-
NET INCOME/LOSS $7,651,859
Weighted Average of Common Outstanding
Diluted 252,221,000
Net Income Per Diluted Share 0.0303
I took the numbers and percentages from Page 4 of the Q1 financials (INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) updated the Q2 production and used $1150 as a average sales price and got the following...
I am not an accountant...just set up a spreadsheet. Just trying to get a feel for the Q2 numbers.
Obviously, no one knows the exact percentages for Q2. Take it for what it is worth...do your own DD.
AVERAGE PRICE OF GOLD Q2 $1,150
Q2 GOLD PRODUCTION 44,850
Revenue (44850oz x $1150) $51,577,500
Operating Expenses
Production Costs (43%) $(22,178,325)
Depletion and Depreciation (15.58%) $(8,032,680)
GROSS PROFIT FROM OPERATIONS $21,366,495
General and Admin (6.8%) $(3,507,270)
Share Based Payments (.00983%) $(507,007)
Other Charges and Provisions (.01815%) $(936,132)
NET INCOME FROM OPERATIONS $16,416,087
Finance Expenses (.14767%) $(7,616,449)
Foreign Exchange Gain/Loss $-
Interest Income/Loss $-
NET INCOME/LOSS $8,799,637
Weighted Average of Common Outstanding
Diluted 252,221,000
Net Income Per Diluted Share 0.035
All but one or two analysts have abandoned BAA in July of 2014, thus the negative estimates for both Q2 and for 2015. I have yet to see a positive EPS for BAA.
This is also the opportunity to be in before the analysts get back on board. The drawback is that patience and reading the PR and Sedar filings yourself are required.
Thanks again to all who are providing the info.
Cheers to new 52 week highs in the coming weeks.
As expected last week...the BAA 52 week range is now $.12 to $.40... What a difference a week makes. IMO new potential 52 week BAA highs soon.
Gold and silver stocks found their footing today with gold down. Usually a good sign.
BAA has one of the best charts in the gold group IMO. Looks like some bottoms were initiated today in HL and CDE among others. If the gold group group finds investor favor, finally...I would expect BAA to go ahead of the pack.
Cheers
HL and CDE are leading the way in the GDXJ.
Nice day BAA!!
GDXJ outside reversal day to the upside looks good.
Junior miners leading the way.
Lets see how BAA does the next couple of days.
GDXJ is working on an outside reversal day to the upside. If BAA were to do the same it would be above $.34...for an outside day.
I thought the Namoya mine could be as big or bigger than the Twangiza mine operation when completed? Anyone?
They estimate 100,000 oz per year.
Now the ask is looking thin on BAA...all the short termers out?
NUGT looks ok here too. $6.78ish...IMO.
under $.31 back into buy range for me...
Fully agree Tex
good advice JJ8
on the other hand I have never bot shares of BAA on up days. only on days like today.
Lets get past this first hour and first half of the day...I seen no reason to sell.
I think the market makers are making it look thin on the bid to get as many small hand shares "fast money" as possible. Then BAA moves this afternoon and next week.
Looking at the weekly chart of BAA we are doing remarkably well vs gold and the gold stocks.
I agree to the slow start today on low volume. I like the start this morning...new 52 week highs coming next week when the $.48 from last year goes away. IMO.
I agree with that $.03 profit EPS. 44,850 total ounces produced times a conservative $1150 per oz revenue price is $51 Million in Rev. for the 2nd qtr. if they sold it all.
Then less the forward sales financing delivery. What is that 8% of production?
$.06 per share in the first 6 months now seems logical...PE of 5. nice...