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I think just because some people are selling for either diversifying or chasing the overbought GSS which makes BAA at the depressed current low price. However, I am not concerned, but happy with the trade action because the non real BAA believers go away now better than go away at high BAA price later, because we need more money to remove them if they sell at higher price later.
But why price is not down either?
I mean the big volume trade, but no either up or down. Only the bought out companies behave like this. At a fixed price!
Otherwise, we cannot explain the action today.
Things may be very bad!
It seems BAA was bought out by somebody for $0.27 per share, but not announced officially yet.
Something big will happen.
It is so funny. Generally, several hundreds of shares buying or selling would move BAA up or down. However, today totally different. At 11:24 am, 175K trade has no any price up or down; At 12:01 pm, 191k trade has no any price up or down; At 14:41 pm, 101k trade has no any price up or down. Our time is soon.
trust your first decision
If a stock wants to continuously go up, it needs a long time preparation to remove all of traders who take profit at high price and absorb shares at low price.
People complaint BAA has no volume recently. I think they are completely wrong.
I saw some very interesting action at BAA market recently:
If no big block at the ask side, there is no buying. But if big ask amount appears the buyer just took it. However, I never saw big amount at the bid side and it seems no support at the bid side. So, this is the preparation for a long run. And retails are fooled to sell by the appearance of no BAA interest.
If you have some smart insight of BAA market, you should find that from recent trade action BAA has been preparing for its long run to beyond GSS in 2016.
why you did not sell sdoc yesterday? It went 36% gain for a while. sdoc is just for short-term trade, for long holding it may be 0 finally
yes, more than 100K bought at 3:48 for $0.274 hitting the ask and then almost another 100K bid at $0.278, but no sellers filling it.
Many came with excited and gone with disappointed. We lost many many so-called longs, such as Blue investorwisdom Techamental Logic OptimusPrime JohnCM PyschoNoobStock Pharaoh-1 AugustaFriends, and they may not ever come back again. I think I have no chance to escape.
When I decided to buy GSS or BAA, the GSS cash cost almost double of BAA cash cost. So, I bought BAA. Now GSS cash cost and production got big improvement while BAA cash cost and production went to the opposite direction. However, BAA management always have excuse for their incompetence and we still always here say "great job they did"
What make you think SDOC "it still has to go up"?
I guess you are nervous for holding SDOC and want to get some support from BAA holders. But I am not one of them because I burnt hard before for trading OTC stocks.
You still have time to catch up today. Otherwise you may really miss the boat
Although I think I am a strong man who can put all of eggs in one BAA basket, now you seem stronger than me because you can split your money in SDOC that already warned possible bankruptcy.
It will be the leader after Q2 production report
Mine,
40K total, 30K from Tangaza, 10K from Namoya. For Namoya, 3000 for Jan, 1000 for Feb and 6000 for March
Although I expect a bad Q1 production from Namoya, the BAA price will continue increase after Q1 production release because Namoya production will be this:
January low production, Feb almost 0 production, but March will be the record production in Namoya history. So, the guidance for Namoya will be this:
From now on, Namoya production to the capacity
I am not worried about Tangaza production under 30K oz, but Namoya maybe under 10K oz due to the gang intrusion.
excited now and disappointed later.
Anyone who has an estimate over 48K OZ did not read the 2015 Q4 earning carefully.
Although I wish 45K OZ, however, please not be mad if it comes out below 40K OZ
I am prepared to tolerate below 40K oz, but the higher the better.
You will be shocked by reality. Not more than 45K. If it is around 45K and I will be very happy.
An email just sent to Martin, and I hope we complain to BAA management directly, not just complain or cheer here.
My email:
Dear Martin,
It is time for BAA management to review if they are really increasing BAA shareholders value, or they just said so repeatedly.
BAA market action indicates that the 2015 Q4 earning and 2016 guidance are not acceptable.
I hope BAA management really thinks about its shareholders and the only shareholders value should be BAA share price, not anything else.
I am addicted to BAA shares. Although I don't like BAA 2015 Q4 earning and 2016 H1 guidance I bought almost 50,000 shares again yesterday using my and my wife's 2015 $6500 each for IRA addition. Unfortunately, 4% has been cut after my buying although I thought $0.265 should be too good to be true.
My all investment is BAA and my account has more and more BAA shares year after year although the dollar amount is less and less year after year.
BAA is better than drugs! Just losing money but not hurt immune system.
Now, we know why Q1 2016 production and cash cost guidance is poor. Hopefully, the illegal miners don't do that again.
In the finance report:
"In January 2016, the Namoya operations experienced a disturbance as a result of an incident involving an illegal incursion into
the Mwendamboko pit by artisanal miners. The incident was amicably resolved with the support of Maniema provincial
government officials and local community leaders, with the artisanal miners having left the pit peacefully. Unfortunately, an
individual was killed by the local Police detachment of the National Police of DRC (PNC) outside the mine footprint and prior
to the incursion. Some mining equipment was damaged during the incident which impacted operations for the period
immediately following the incident; however, repairs were carried out and available resources were redirected to mitigate the
impact. Production activities were impacted during the month of February 2016 and returned to expected levels during March
2016."
You may have a difficulty to find a strong buying day in short time.
It is a real shock after reading the 2015 finance.
Comparing 2014, the book value decreased $73M, while the total liability increased $43M. However, the dividend rate is the highest while the gold price was the lowest because production increased.
I think I will have no excited posts for a long time frame from now on.
Sure! everybody should do what he thinks comfortably.
It seems everybody was excited when he found BAA and frustrated after long time holding. A lot of strong cheerleaders came and then gone, such as Blue and August
you mean you are disappointed and planning to exit?
Yes, I also numb to BAA bad news such as GDXJ exit and delist because I did deep research on BAA. However, many are not addicted to BAA as I am. Therefore, any uncertainty is a big red flag for them. The delist uncertainty is a negative for at least 50% of BAA investors.
GDXJ buys shares always on open market, but removes shares prearranged. That means it builds its position gradually. It also does some small buy and sell daily sometime, but it exits its position suddenly.
Welcome came back,
Why do other due DD while BAA future crystal clear? $0.30 is still bottom price. Don't let your fund away from BAA price far and farther. Although BAA price is a little high now, the technical chart is oversold now. Last BAA oversold was at $0.15, then became overbought at $0.31. Now BAA oversold at $0.30, I think the next overbought will be at $0.60.
Now three weeks gone, but you still not show up yet. How about your $0.23 buy order?
In the media's eye: BAA is "Developing a world-class gold company"; but in some BAA investors' eye: $0.29 BAA is overbought. So, they scream : sell! sell! short! short!
No matter how big the players are, they will not buy all of their shares one time, they will accumulate gradually, 100K after 100K maybe
One year ago, our prediction was based on normal gold price.
BAA down to nuder $0.28 just was short-term trading activity, not a trend.
Although Tex thinks BAA too small for institutions/other big players, recent BAA market seems only institutions/big players and almost no retail activity.
I carefully analyzed BAA everyday trading action. Recent tradings are either big blocks such as over 100K shares or very small trades such as 100 shares, no much trading activity between them.
This may indicate:
1, if some retails still have BAA shares they must be very strong hands.
2, flippers lost their market participation because BAA lost its cycle patterns, so they have no chance to buy back.
3, 100 shares should be from market makers to make more liquidity.
4, the over 100K shares blocks: if they are sellers they should be shorts or manipulators who want to induce panic for them to get more cheap shares accumulated; the buyers should be institutions.
The past three days' trades were only 4M shares traded, but finished a small cycle of $0.29-$0.25-$0.29. It indicates very few free shares in the market and demand very strong. So, we may expect over 50% price advance a single day if some day the trading volume is above 5M shares.
reasonable
I must answer your questions one by one to make you sure what I saw.
"You have a wild imagination and too much time on your hands"
"you really think some sophisticated investor is preying upon BAA? Why wouldnt they have just bought millions of shares months ago?"
"200k shares, a penny move, thats peanuts"
"I mean insiders are only buying 50k here and there"
"You really think people are colluding to manipulate this?"
"Point in fact about a week ago there was a 700 share sale AHs and there was so much speculation on this board about some big investor just wanting to paint the tape."
"I think people see what they want to believe"
"BAA is fundamentally great value, but has little visibility right now".
BAA power's strategies: shovel-wash-cleanse
BAA power's strategies in removing weak hands and creating sustainable gain:
Today, when BAA price decreased to $0.286 around 2:30 PM many retails wondered and thought more sellers than buyers. However, no one knew it was due to huge demand, but no supply. My theory seems difficult to be understood. Now let me tell the truth and why.
BAA power (insiders or institutions, but absolutely not retails) has been doing two things: getting all of non-true longs' shares at as low price as possible and establishing sustainable price gain. From today's trading, I saw an unsaturable demand in BAA market and this demand may send BAA over dollars without stop.
Due to BAA already doubled price for the past weeks, so sizable sellers are all the way up. Now, let's see what strategies BAA power is using:
strategy 1, BAA power first shovels the low-priced big block ask (for example, it removed the 230K $0.295 ask at 9:55 AM). Due to the big block buying, other sellers moved their ask for higher price, but the BAA power did not chase high because it is the most experienced investor and it has many methods to get the sellers selling at low price. As a result, there was no much volume for almost another 4 hours. Then many retails complaint the low volume in such as great day for gold price. Even some people thought nobody is interested in BAA.
strategy 2, BAA power then creates panic and wash to remove weak hands for sustainable price gain (for example, today it decreased the price from $0.3065 to $0.286 in minutes with few shares). As a result, it forces the flippers to take profits because the flippers want to protect their gains.
strategy 3, BAA power third chases high and cleanse the newly built big block ask to make high close (For example, today it removed 200K at $0.3065 in the 10 minutes before close). Due to strategy 2, the price decreased because of panic, sizable sellers would decrease their ask prices and the BAA power could get another big block at reasonable price to close price at day high. As a result, the flippers have no chance to buy back.