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The Naomi drama
I'm sorry that I brought it up. I only mentioned her because she was faster to respond than M. Jones.
It does not matter to me where she works now, she didn't tell me she was leaving, he he
And now the insider trading: this is laughable, I own more shares than many of them.
And now to Namoya.... comm. prod. at the end of Q3? Maybe, but then you will not notice much about that at the end of Q3, so you will have to wait for new forecasts of the company
or much better results in Q4 .
Still I believe the company is financed for the next two years, like M.Jones told me, sounding like a lawyer.
So we have time to wait for Namoya and a better gold price.
I get back to my Aussie-trading he's rising, oh he's falling again..
Saludos
Ps To the political discussion I want to give some comment later on, too. But don't worry about Obama & the Congo!
BAA_Up Go BAA and go Up with BAA
Hi stock. yes was lucky last night and now I am trading again
but not so much like in the past, because it could go down sharply
if their is a crash with the equities. Lucky now I'm selling now.
More later regards
I know, but this was the first I got after weeks in my box, and it wasn't that bad. But like I mentioned everybody knows...,I don't think this is new to the board.
Did'nt have time to answer you with IQ and had a bit time because the Aussie is sleeping now.
Will answer you when I have a bit more time
RG
The Investment Doctor
Long/short equity, value, debt, base metals
Profile| Send Message| (1,444 followers)
Banro - Commercial Production At Namoya Will Be Key
Sep. 28, 2015 10:34 AM ET | About: Banro Corporation (BAA)
Summary
yes everybody knows, but if you missed this, read it, can't give you nothing better, I'm trading
Banro should see the Namoya capex drop from this or next month on and I'm counting down to see commercial production being declared.
Excluding growth capex, Banro was still free cash flow positive in H1 2015.
Declaring commercial production at Namoya will be a very important catalyst as the end of spending cash on capex will mark the start of a substantial free cash flow.
Introduction
After seeing my previous articles on Banro Corporation (NYSEMKT:BAA) were well-received (with some interesting comments, thanks for that!), I decided to keep an eye on the company considering the company is in the final stages of completing the construction at the new Namoya gold mine in the DRC which should increase the gold production rate. As Banro hasn't been covered by other authors on Seeking Alpha since 3.5 years time, I will try to continue to provide my insights despite the company having a low market capitalization.
Fortunately the liquidity is still very high with almost 1M shares being traded on a daily basis.
A lot has happened since my previous article
In a previous article, I discussed the company's Q2 production results and I expressed I was satisfied with the total consolidated production rate of 45,000 ounces of gold.
Thanks stock for all your answers
They make sense, yes they make sense , but I' m buying and selling now the Aussie, there is good movement tonight and I was lucky this night, because of the interests. The RBA told something positive for me.
I will tell you more the next time about my plan and vision about BAA
regards
Thanks Stock!
You are encouraging me not to sell too much if it jumps.
May be I will sell this time at 0,40 30k and try to trade a bit with
the 10 %
I missed that and was only buying, my price for 150 k was o,15, now
I have all at 21.
It was nice to hear from you
R. G.
Right Sir!
I sold today 1000 shares of a gold company under investigation
with only 200 USD profit, with this money I will buy more BAA if it dives a bit more, because I own 0,12 % of common shares at 0,21 now.
Don't sell !
Regards
good post I agree but not 100% with the timing
regards
for stockItOut
Hi Stock, I will call you so with your permission
I understand you are angry like I was, I told you I miss a lot of the management,but if they are representing their company so poor and cant explain an impairment charge
better than I would do, may be this is part of a deal.
Normally they should give a statement to the public about the Nyse warning, nothing, why?
Where are the 90 Mill forward sale, you can't get any exactly information, I expect, like they told us, they would pay down expensive debt with this money.
They made a loss to build up namoya, this is ok for me, the impairment charge, but they could explain a little bit better.
So I think this is part of the game.
Think about the delay of financing in spring, they didn't tell you they have a new investor!? Surprise !! they had one, up to 0,40 !
And the trading halted oh, oh, oh
Don't be shy do what you want!
Look at all what they have managed , this is great, but I think they don't love us.
Sell with fear and look in two years back and then we are really whining.
So I wan't sell , if I double my investment this would be 60 K profit at 40 cents, but this is not enough for my plans and my opinion about this company.
Don't be frustrated and you never know what’s behind of all the poor presentation.
I wish you really good luck
This week isn't so important for me
I don't want to watch all the time gold is a bit up and BAA is down.
I like it to watch the start when BAA can post a big production
at namoya and the gold price is stable, I see my account and I'm happy, but I wan't sell. I decided not to make the same mistakes I did in the past. The same happens all the time when I'm selling the Aussie. Some days later I could have made a much bigger gain.
May be with banro we need a bit longer, but the reward could be excellent.
regards and good luck don't sell too early
I love that BAA to coffee comparison. StockItOut
12 BAA shares for a cup of coffee, in the U.S.
This is ridiculous.
BAA is a massive bargain.
You are lucky, in Germany or Austria you get one good coffee for 3 Euros,so you will get a lot of BAA shares if you don’t drink this coffee in a bar or confectionery. In Germany it isn’t good at that price, but in Austria, yes!
I told a friend there, but he didn’t buy at 15 cents like I did before the financing, I'm sure he would have sold at 0,40.
But he's buying every 2 years a new car, and spends a lot on consume what you can miss. But when prices go up in the stock market he's buying and also is a big chart freak.
This is for having a little fun, but it is not stupid to think about.
I'm driving a 30 year old Jeep and have a very good coffee machine.
I grow much of the food I need without chemicals, have my own water and solar-energy.
So I made this comparison to show you how cheap BAA is.
All the consumed coffee won't come back to you, but BAA could be the best thing you could buy for all the things you don't need.
Again, I want to help and it does not matter to me if anybody is buying BAA, it wouldn't help me. But I would like that many little investors can earn some day a reward.
I'm not sure if BAA slips to 12 cents again, with all the manipulation this should be possible, but I don't think so. And I don't care. USD 5000 I have still to buy if they want to give this to me as a present. Everything or nothing, This is not only investing, I know, this is also a game, but I think an excellent one. Better than my Aussie.
Like StockItOut said: a massive bargain.
And a little secret for the end, half of all my profit goes to Children in Kenya, so will BAA in the Republic of Congo sponsor poor children in Kenya.
A friend is building schools there. If somebody thinks this is an interesting story I can post more information about this work, whatever you'd need. Maybe I'm many times lucky with my decisions in business, because I like to share???? Who knows...
Good luck and let's look for honesty and a bit of worth in our lives.
Hi again @StockItOut, and thanks again for the long answer.
First of all I don’t belief they want to make a reverse split (as mentioned on the board earlier). This makes no sense to me. The company can't get money for such action.
Only for trading at the NYSE market ? They are paying a lot to trade there.
For me it was a good thing they made gold forward sales and not releasing more shares like others did.
If Namoya is ready they can swing up, then we can see more shares in the market, so they could make money from common shares.
They have still other projects sleeping on their property , they could sell parts of that, or they will need more money to work on these.
BAA could be bought, or parts of it, the Congo is attractive right now.
Don’t be worried about the Africans, if they smell money, they won't bite the hand that feeds.
BAA works closely with the government.
If they plan bankruptcy they wouldn’t spend money to their social work in 2015, they would rise their salaries.
The assets are well, the book value is good, may be they don’t need to sell anything.
And the gold forward sales, nobody is stupid enough to lend money to people who have nothing to offer.
I think there is high value in this property. And all the delay, I spoke about, you should try to build streets with tropical rainfalls, so you could imagine what they are building.
Maybe this could be one of the best investment opportunities you will ever get. 200 km and other two mines with permissions.
The upgrades of mine life, the possibility to get Namoya commercial with 9k ounces p. month at the end of the year or even in 2016, this could become very very good despite
a low gold price.
But I will share another thing with you, because I like your postings.
You have to analyse how you feel right now. And I was asking myself how I feel. I missed to sell all at .40, so I bought the way down and didn’t trade. Now I have more than doubled
my position. What will I do if it jumps to .40 again? Will I sell too much? Or can I wait to get my target some day about 2 - 3 or more USD ?
This is only to show you how they manipulate us. But anyway, my understanding is that BAA could go very easily to the USD 3 range when gold recovers, when they can reduce their
debt with a positive production at Namoya.
Regarding your comment of being green in regard of common shares, exchanges, stock prices... what did you mean by it?
As I understood it meant that they are not so professional in these matters, if you wanted to express this, imho I think you are mistaken, because the board members include some really "old rabbits", this means they should have lots of knowledge in these concerns. So far I also was a little surprised about managements timing to put out news at the worst time. This also gave the impression to me that they probably are ok with having a low share-price.
Sooo long, BAA
I appreciate your commentaries!
Thanks fazlice and good luck
Thanks fazlice for your info, so he has not to care about us. he has time to spend his money.
R.
It is not worth to write about messages without infos, but personal
experience could help.
My best trade was with 60k gain USD YEN 14 years ago, I borrowed yen
to buy Usd, the next.. some years ago bought AUD at 0,65 and sold at 0,72 befor it went up to 1,10, that's life, that's fear, and sometimes good reason. That's me, never got the maximum.
I hate lies and I have the dream that some people could share their experience to help one another, it is hard enough to risk your money.
@Dream_Weaving .....I have read some of the posts here...
And do you have any recommendation?
Are you invested or do you make a fortune in shorting penny stocks?
And why do you criticize the board? It was the best I could find!
I am new here but I didn’t see anybody whining.
You are whining because we are no chart freaks?
So please give us constructive help to make a fortune with you!
Tell me why BAA is in the oversold territory after 1 cent gain.
Regards, one of the cry-babies
Thanks for your constructive answer
I will answer you later I am very busy right now
gergards
Yes that is true, but it's as I told you. By the way being new to a board doesn't have to mean being new to the subject.
Anyway I'm glad we have worked this out.
Just for the record, in fact I am really pleased with the board rules and the attitude of it's members. At least I found a place now, with people that are real investors (as the sites name already gave me a clue of) and an interest into the company. I was really sick of the needless commentaries on the other forums, with people arguing with one another and giving fact-less opinions on whether the stock goes down or up. I really do like the level of intelligence that I encountered in the posts I read on this board.
Thanks to all the people here on the BAA-board for sharing and also appreciating informations.
Have a nice Sunday all of you! Let's see what next week brings up on development for Gold and our stocks.
the fair price of gold is 2K
everybody knows
The fair price of gold should be at 2000 USD.
Everybody knows.
The next run could be to 3 to 4 k.
Take a look at the Aussie, AUD , twin towers 0,50 USD, Crash 2008 0,60, now little crash O,70 I am in and buying the way down, if I get this opportunity.
Like BAA I bought the way down, sometimes too early, I am not perfect but not stupid. everything has a bottom like the humans, and then they stand up.
The Aussie was at 1,10 to the worthless Usd and gold at 1900, and so on and on... everything is cyclical and extreme in the market.
The banks get money for free, no interests, they have billions to manipulate currencies , gold, silver, copper, etc., the stock market.
Currently they destroy little OIL companies with the poor price for Oil. They told us Oil oversupply...bla bla and need to destroy the Arctic.
I remember the time I bought the shitty HAL, Oil at 20, then 150, now ?
Like the joke with the rate hike, this idiots told us since January to rise ? OHHHHHHH Europe, Grexit, after that China? OHHH whats the next crisis
new twin towers?
Do you like a little crisis? Watch the poor commentaries . China bought gold, Europe wants the gold back from USA but cant get all. Russia bought a lot .
But demand is shrinking? JP is buying physical Silver and gold but dumping the price with the help of Deutsche Bank and other members of the big Mafia.
Because they have money we cant imagine.
So we are a little part of the game.
One day we get the collapse of the electronic Money and the Toilettpapermoney, USD EURO YEN and all the save havens.
But Silver.. nobody is selling, no country , and gold had every time a value. And why this production at this levels? It is official that the cost for gold ist at 2000 USD.
So they sell it on that level under their costs, why?
The big companies get Billions, like Barrick etc. but they are buying and selling stakes from companies , you get never an oversight.
There are no rules how to declare the costs of production.
Does anybody know how high is the price to produce a barrel of OIL?
Watch the up and down in this market. Everywhere manipulation and the big one eats the little one.
And one time in the future the have all in their dirty hands, and can dictate all the prices for everything like Monsanto for seed and so on.....
And we are the slaves.
Hurry up to make some money, buy physical gold or silver and, or land to grow your own food.
I bought BAA for that reason, because I cant find a cheaper opportunity to take a piece of the cake.
I hate the manipulation and that the little investor get never his reward because of news and fear and all this what I told you.
Buy only with your money, no Margin, they kill you, and buy when nobody covers and told you to buy.
No a little cup of coffee you can get for one share of BAA
Hello
I hope so .
Well I posted my conversation with Martin J. but I wasn’t very pleased with his message.
He answered like a lawyer and was sorry for his delay.
For me it doesn’t mean they will inform us namoya is at comm. prod., they only want to inform us, and didn’t change the plan to do so.
But he didn’t say yes or no.
I think, like you mentioned in another post, namoya isn’t producing commercial in Q3.
Because of the new goldforwardsale.
If they are producing really good in Q3 they wouldn’t need it.
But they did a lot of research around namoya, and they need the new deal for more liquidity ?
Who knows.
In tropical areas everything is very expensive and need more time if the weather is against you.
I am living in such an area and with my little biofarm I have the same problems, storms, water when you hate it, no water when you need it.
Everything extremely like the price of BAA.
But generally the Congo cant worry us, because they love the miners because of their growing economy through them.
I am positive about BAA but it seems to me they dump the price of their shares like the marketmafia.
They never mentioned their share price, what’s a joke, and came out with news, like longer mine-life and better opportunity’s at the worst time.
Also the impairment charge was at the worst time.
The impairment charge was poorly explained.
I could represent my company much more better.
Now they are nearly to produce at namoya commercial, years ago they promised that and the share price was.. you know, but far away of commerc. prod.
So, what is this all about?
Martin J. told me he is not aware of any rules of listing. Here is his answer
Naomi is no longer with the Company. In answer to your inquiry, we are not aware of any $1 listing rule and we are under no threat of being de-listed from the NYSE MKT exchange.
Regards,
Martin Jones
Martin Jones
Chairman, Banro Foundation
Banro Corporation
Description: Description: Banro Header II.jpg
1 First Canadian Place, Suite 7070
100 King St. West
Toronto, ON
CANADA M5X 1E3
O: 416 366-2221 ext 3213
C: 416 500-4422
F: 416 366-7722
Skype: martin.jones880
mjones@banro.com
Visit our website at: www.banro.com
This was the answer I got about Insidertrading
We had a blackout on all trading in Banro shares by insiders for a few months. This was lifted following a recent press release. You can go to canadianinsider.com, type in BAA, and view all recent insider trading.
Martin Jones
Chairman, Banro Foundation
Banro Corporation
Description: Description: Banro Header II.jpg
1 First Canadian Place, Suite 7070
100 King St. West
Toronto, ON
CANADA M5X 1E3
O: 416 366-2221 ext 3213
C: 416 500-4422
F: 416 366-7722
Skype: martin.jones880
mjones@banro.com
Visit our website at: www.banro.com
O.K. Naomi was very fast to answer Jones is in another position. !?
I would like Naomi is back. I hope she isn’t banned in Namoya.
I have to make a stop here . It was too long.
But I am long and bullish despite many things I didn’t like in the representation of the company
>>BAA UP, have you posted here under any other moniker?<<
@ThinkSustain
What do you ask for?
Philharmoniker? monkish? Monika? Please tell me!
I told the board that I am new here, and never posted here before.
If I told the board that I am new, so I am new, why do you ask me then?
I can tell you that I posted on yahoo, and on seeking alpha, but got tired, if you want I will post you
my nick-names from there and also the message that told me to check out this message board - will this please you?
I don’t know if your question was sarcastic, but I am not here to fight.
I need help, I want to help, opinions and facts that’s all!,
was this helpful?
Thanks StockltOut and bullforever!
I post her the answer from the company
I asked about namoya and the goldforwardsale of 90 Mill.
Sorry for the delay.
BAA answer:
The $100 m figure in the statement remains an accurate figure, as strong Twangiza production has made up for the delay in the Namoya ramp up. A continuing low gold price through could change these circumstances.
The Company will make an assessment of progress at Namoya at the end of September and determine at that time whether we are in a position to declare commercial production. So far, we have not announced any changes to our plan to do so.
REGARDS,
Martin Jones
I got this message on 170915
regards good luck
good post , I agree, anyway, I think a delisting cant be bad for this company.
Its cheaper and I hope with less manipulation.
What can happen with a shareprice under 20 cents?
With GG, ABX, and and.... you can lose USD and with BAA?
Now 17 cents?! You can calculate your risk..17 cents, thats it!!!!
This price is a joke
Iam invested in the AUD currency and in Miners, against the the news
and the herd.
I was lucky in the past, so I hope I wont make the same mistakes like in the past.
I sold more than 10 years ago samsung electronic with some K gain, some month later I could have made 100 k USD.
The same with the dirty company HAL , I didnt know they are involved in such dirty business, but I bought cheap and after
manipulation to 8 USD I sold even at 18. Ha, such an idiot I was.
Today with all the dividends and the price some years after my selling at 70, ...a fortune, but not for me, I sold because of fear, news, manipulation....
So.. whats up? investment or only a bit of trading?
If we think gold is up one day we invest in miners, ok?
How is it if you open a business, and your partners take the whole time their money back if it is running not well or you need more time to be profitable? This is trading and no investment.
Your portfolio should grow with the company, and some day
you cash in some of your profit and others will buy.
With my poor English I cant explain, but its worth to think about
to make the right decision. Trading for a little profit or an investment cracy cheap for the future?
Sorry for my mistakes in your language.
regards and good luck for the right decision
p.s. I like the social work of the company, the congo is much more better than the south of Afrika, I like it they own 100 %
of the property, I like the experience of the team, I like the new financing of gold forward sales, this shows they have gold to sell,and this method is cheaper and less risky.
Namoya could go into commercial production this year or 2016, they can double their production, and they have further option
on the property this leads to optimism.
I want sell most of my shares under 2 or 3 USD, I can wait, and want make the same mistakes motivated with fear.
I think honestly here is little risk.
Calculate with your own money, the next two years we will see a better goldprice or BAA up because of a much higher production.
regards again
Thanks for your welcome
I own BAA since spring before the new financing with gold forward sale.
Bought the first time with 15 cents about 120k shares, didnt
sell at 27, the next 15 cent level was too early for me and my account.
The next time at 40 I sold only 20k shares at 37 cents.
On the way down I prepared my account and bought on the way down.
Now I own it at 21,5 average, but 300k.
I will go down with this ship too, if it will go down.
But this could only happen if they offer new shares after
ours are worthless.
I see ths company as the best opportunity to buy an IPO, at this
price this is a joke, they are not only exploring they are producing
gold, and if you think Gold will recover to fair prices, you must buy.
I own a bit of KGC at 2, and Goro at 3,20, but a lot.
Goro is a good company but I bought too early too much.
Now I cant buy anything but if I can sell anything profitable I will buy more of BAA.
This could be a big gain one day.
Next time I will tell you about my conversation with the company.
Excuse my English, but Iam honest, and one thing is clear for me,
it doesnt matter if somebody of us is buying right now.
This stock is manipulated like goro, other goldstocks and gold.
I own only Silver and Goldstocks because I cant buy physical
gold in my country.
But the day will come and they have to cover their shortpositions
in silver and gold.
Tell me if you can accept my bad English, so I will post again, I do a lot of research, and it is important for me, because I risk
a lot of money right now in goldstocks and Iam not really rich
enough not to care.
good luck to everybody, look at the facts, everything stinks in the market, everything is manipulated and they are around you with fear and lies, little investors will only make money with a little
help from a friend, so let us cut a piece of the gains they make.
regards
I am new here to this message board and am very pleased to find intelligence and interesting messages.
I totally agree with you! I also sent an e-mail with the question of a possible delisting for trading at below $1 to Banro Ivestor Relations some time ago, they replied that they were not aware of such procedure.
"... In answer to your inquiry, we are not aware of any $1 listing rule and we are under no threat of being de-listed from the NYSE MKT exchange.
Regards,Martin Jones"
Looking forward to be a valuable part to this community.
P.s: I am heavily invested Long in BAA