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Just wanted to give you gents a heads up - just talked to some financial gents who just exited from gold. They said everyone is benefiting from Trump other than previous metals, as now they are betting on Interest rate hike in December, Yellen possibly being removed. Lots of uncertainty and especially since this is a bad time of the year due to Black Friday sales, holidays earnings that will mask whats truthfully going on, and middle class pretty much being eliminated. Rich getting richer,while folks are loosing ass ton of money.
Time will tell -
Trillions of dollars vanished last few days of miners because of political bull shit.
As long as refinance happens , i am not worried. Untill then , i am little skeptical. Are u still holding?
what is really interesting even though there is volume, and there is few really large chunks being dropped, there are also lots of buys 50k blocks +. The problem is who ever is slapping bid / ask is getting what they are wanting for sure.
Yea u and me both. I think now this is following gold , jnug price. Also- executives are not selling neither. I am going to hold and see how this plays out. I am
Expecting 62 k from all mines next q and hopefully positive eps.
Sorry - that was supposed to be for Master guy. I am not happy with MGT at all, but, lots of crap is not stable. Since he got back to this board, he has been talking smack about this stock.
thats the million dollar question -
TeamTOC - did you exit ? Big block dropped.
Whats even more interesting is that some one is selling 1-5K shares constantly to drop the price, then some one buys right after..watching it live.
You and you were so right about eveything else with no back up data. Why are you even here if you dont have position ? You are trying to scare investors in selling so you get in cheap, then you will pump for gain. You could all do us a favor and just go away.
As long as they are not selling and worried, neither should we be. Thats just my two cents. Volume isnt nuts neither, and look at entire gold market, entire minning sector. Manipulation of gold, wipes trillion dollars off
Bayin has 50M shares. It is in their best interest for Share price to be up. Just keep that in mind.
This is why they are installing the new equipment. To increase recovery rates. Sorry i didnt post before but Martin replied to my email that lots of gears are moving. All in a nut shell, once they refinance the debt, they will start promoting. With new equipment installed, twaigaza will pick up again on recovery gold, which will increase their production. Hopefully namoya doesnt have this issue.
Email from MArtin :
Question posed :
What is Banro doing to increase shareholder value, promote BAA and post positive results for once ?
The results show a steady improvement over time in terms of increasing production, revenue and lower per ounce operating cost. Once we announce the bond refinancing, we will be in a better position to begin promoting the company.
so not sure who, but, lots of buys 10-30k blocks, one 100k block and some sells too but buys > sells right now
I am waiting by woy to hear about refinancing debt..
Yea :(, you staying in ?
So far Buys > Lows by a big margin. However, buys are a bid / ask price. TEAMTOC -
Whats your game plan young man ?
some one picked up 100k shares and price goes down.. ?
I am little bit confused with watching this real time..
I agree one 100%. I am trying really hard not to make an emotional decision right now, and use my head. Also - the loss is non cash. Just an accounting game i think for taxes. However, looking at this live, not many sellers. I think this moves more now with gold than anything. But - seriously pissed of at Martin. I know EBITDA is good, but, we will see.
wow some one is playing with the ask - ask is going nuts -
Another someone picked up another 8K..
Yea flippers are coming in - waiting for pissed of shares to drop. I am very disappointing with MGT. Very.
some one just picked up 25k shares - watching it live
None of the losses are cash.. all non cash seems to me just going by the book as what they can use as a liability.
Are they playing some financial game so they dont pay taxes on income for the quarter ??
Your thoughts on this pr ?
Interesting PR. We will see what Market does.
Yea i got him blocked for a while for exact same crap he tried to say while ago. No facts , just trying to scare people for cheapies
Gold down hard.. really REALLY hard.
also - we wo;; be hearing about refinance by eoy according to martin.
no way - they would have delisted already and everyone would be selling shares.All executives at .50 cad when it hit..
thanks :)
not sure about that.. they produced more gold than q2 + they had 5k in reserves if i remember. If. So ~8k more production = 5k in reserves, even if they dont touch reserves around 1220 per price of OZ average, we should be looking at additinal 9.76 M. Their EPS loss last Q was only 0.02 if i remember correctly. Even if out of 9.76, + is used for "Expenses" or moving dirt, we should still be 4.76 M profit. 4.763 / 352M , we should be looking at +0.01 . So to me, this an go either way at this point.
Not sure what day this is but, some one, again, at the very last few seconds sells shares in absolute perfect timing for a red close. Nope, no MMS here :)
Then how come the minute bid / ask spread gets little wide, some one magically sells a decent chunk of shares and drops the price, follow by a buy ?
Some one or something is soing everything in their power to keep this supressed
I think Banro position right now and PAL position with price of gold is VERY different. Lets see if he can actually do something with a prominent company. I am firing off an email to Martin about it.
Wow...
Nice - we will see what happens. I am expecting some kind of announcement this week at least regarding CFO