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Maybe management should take a page from the Snickers Leadership Council over at ERB*. At least those guys know how to make their shareholders money as they roll out there phantom products.
I don't know navy the fact that I'm a half cent from break even is making me crazy. I feel like a parent who's desperately trying to save my capital from long term retardation.
No doubt hotrod!
PAAS and BAA
I was thinking this weekend might be a good time for folks to top off the stacks.
Today's silver market is valued at 20 billion per year. How many zero's would we have to add to the spot price to get into the trillions????
Like the S&P it will till it won't then it's every investor for themselves ;)
Lol ok dude I will stipulate to that if the volume sustains but there's a lot that hasn't been disclosed and the fundamentals are zippy.
Your a funny guy what's your role in all this?
Took a starter at .26 and will be back next week for more. Thanks again Blue and have a great Labor Day weekend!
Interesting the cost to renounce one's US citizenship will go up 500% next month
http://m.state.gov/md231128.htm
I enjoyed your last post and I agree there is a market and risk pool for a product like this. However management as well as the market have lot to shore up before I can see something like this being rolled out to the public.
Heavy hitters playing in the ghetto puts me on the defensive but they make a great ATM machine in the mean time. I'm watching this very closely.
Is it a coincidence that Business School's stopped teaching around gold as a financial asset?
Prob not imo
The official accounting mechanism for 5000 years
The Miners are historically oversold so to answer your question very few actually are priced accordingly. Specifically referring to the producers. Factor in the volatility of the bullion markets, GOFO rates and the COTS report and there is a perfect storm in front of us.
Blood is in the water ;)
Lol trust me your better off watching paint dry i'm a grumpster when it comes to celebrating my birthday
Good deal. Here's a quick Q1 production update:
Banro Announces Q1 2014 Financial Results
Banro Announces Q1 2014 Financial Results
TORONTO, ONTARIO--(Marketwired - May 13, 2014) - Banro Corporation ("Banro" or the "Company") (NYSEMKT:BAA)(TSX:BAA) today announced its financial and operating results for the first quarter of 2014.
FINANCIAL HIGHLIGHTS
Revenue of $30.4 million ($33.2 million in Q1 2013) and a net loss of $0.7 million or $0.00 per share (net income of $6.3 million or $0.03 per share in Q1 2013)
Cash and cash equivalents of $17.4 million at March 31, 2014 ($4.5 million at December 31, 2013)
OPERATIONAL HIGHLIGHTS
Production of 20,137 ounces of gold in Q1 2014 (compared to 19,602 ounces in Q1 2013)
Sales of 24,427 ounces of gold at an average price of $1,246 (20,456 ounces of gold were sold in Q1 2013 at an average gold price of $1,621 per ounce in Q1 2013)
"Banro is now at a positive turning point," commented Dr. John Clarke, President & CEO. "The upgrade program at Twangiza is complete and construction at Namoya is complete. The Namoya plant is now undergoing testing and hot commissioning."
BAA yes def! NDEV I don't know but I raised enough money to pay for a bday party I didn't want lol
Book value is well over $1.00 navy
A peep turned me on to BAA navy its def worth a look especially the P/B ratio ;)
Navy we need volume to dump and we need volume to pump. Right now there is no volume and talk of an RS is just dumb when you have not maximized your existing promotional opportunities. It would be like management putting a gun to their head because their shares do not carry any anti-dilutive provisions.
Just keep a clear head navy they have to carry a 30 day average of 01 to qualify for this exchange. Again I'm not saying they have any products to roll out but volume is key and there ain't any.
Set your stops and sell orders and walk away navy. Besides this could be a pivotal weekend for gold and silver bullion not to mention we are on the brink of WWIII so the chances of management obtaining any bullion international as an American company to sell is doubtful imo. What I'm trying to say is I'm sure you have other crops to harvest in your portfolio. They need your love too :)
Hawk when management is a major owner of the OS at <100mm do you really believe its necessary for them to cut off their own arms to pay for a $25k promotion and exit strategy?
Putting it another way there's no reason to reverse split the stock at this point they would be gutting themselves inside out.
Share Structure
Market Value1 $1,072,102 a/o Aug 28, 2014
Shares Outstanding 87,162,764 a/o Jun 30, 2014
Float 35,665,400 a/o Jun 30, 2014
Authorized Shares 100,000,000 a/o Jun 30, 2014
Par Value 0.0001
Management may suck at execution but to throw a legitimate reporting shell with history and that's still decently capitalized is just dumb. Sorry dude no RS is warranted at this time. I am not saying they have any products but they aren't stupid enough to make this all for not.
Sure thing ;)
Peeked at their financials just briefly and you my friend are right. Book value is well above the current share price and the margins are not terrible. I got it on my short list and will keep an eye on this one ;)
Thanks again Blue
And yes its a dispensary my point was to show there is regulatory approval process. Geez would you like me to provide a link to each states regulatory body and enforcement arm too?
The burden of proof is on management not on me. Few here are asking the right questions and if your security can't handle the scrutiny then it will die on the fraudulent vine that it began on.
Thanks for the tip Blue I'm looking for another
I just assumed your management team would be targeting every state with their phantom products
Here's one pending state approval and it took me all of 10 seconds to locate
http://www.chicagotribune.com/suburbs/elgin/chi-elgin-medical-marijuana-20140827-story.html
Then you should have nothing to worry about.
My apologies MIB I was piggy backing off your post
Too many competitors have already received dispensary licenses and regulatory approval. No right minded person would risk so much capital and jail time to start a dispensary or market an unapproved vending machine in this market.
I'm sorry but why did this instructor give anyone a fully automatic weapon. If you got one take it to the desert and have fun but putting it in the hands of a child?
Very irresponsible and another senseless death. Unbelievable!
Management is the majority shareholder navy so there's nothing of consequence we can say or do. If they do have the financial backing they claim that .01 bid should absorb any dumping. Besides I spent part of my day yesterday firing up Snickersville you know the company that took a candy machine placed a label on it and sold a billion shares to finally never receive regulatory approval?
At least this management team accomplished the same thing with only selling 50 million shares. Wait for the pump navy I promise its coming one way or another. Then I will reallocate this capital into a real company as I'm tired of listening to all of this garbage spewing out of these no talent ass clowns.
Sorry management you lost me I'm done playing your games
Unfortunately it's all hearsay and speculation until the company is audited, files a registration statement and registers its shares with the SEC. Good corporate governance is a necessity for a solid foundation in any start up company.
Management needs to spend more time on these internal controls and shareholder protections if they want to be taken seriously by the investment community. One thing is for sure there is a tsunami of capital finding its way into this sector and those that have successfully navigated the regulatory environment should do well.
ERBB does not have a compliant machine
Her usefulness must be all used up too
That is unbelievable and I just sported some major wood after reading that. Damn I have a lot of respect for that guy! Re PMXO I swear this is the goofiest pink ghetto stock I have ever seen! Did you catch that killer update? Lol
Oh yes the PR well that is worth all of nada and bag of chips. Like I said this foolish management team can't even successfully navigate their Snickers machine through the state regulatory process. Patents?
Sure thing!
Don't need to prove dilution and I have yet to see anyone including management post a link to the show that these patents are real and have been filed.
Management is all talk but maybe you can do what they can't and prove viability of these phantom patents?
Agreed Blue I believe it is unlikely we see $1240 again. Time is running out and the credit markets are in a disastrous state. With Argentina seeking cover with the BRICS the lines in the sand have pretty much been drawn.
Treasuries will eventually be hung out to dry and sent back to their origin as capital finds its safe haven in other assets. Fortunately for the Fed, Americans will be all too happy to line up as the ultimate bag holders under some fools marketing strategy called "patriotism".
Will there be a ‘New Gold Rush?’ — Ian Gordon, Longwave Analytics
Sprott Group | August 26, 2014
http://www.mining.com/web/will-there-be-a-new-gold-rush-ian-gordon-longwave-analytics/
"Ian Gordon created Longwave Analytics, which studies the Longwave principle, by which economies obey long-term cyclical trends of expansion and contraction. Eric Sprott is an avid reader — he suggested I interview Ian Gordon for his take on the role of Kondratiev’s ‘long wave cycle’ in explaining the economic environment we are seeing today.
Ian said ‘winter’ was coming for the world economy, though it has been staved off by the flexibility provided by paper money. As a result, a depression will be very different today than in 1929 or 1873, he believes. But now, as then, we could see a massive push for new gold discoveries.
Mr. Gordon explained how he got to know Eric Sprott over 10 years ago:
“I was writing about long-term economic cycles, referred to as ‘Kondratiev’ cycles. In 1998, I realized that we were close to the top of a bull market; we were somewhere akin to 1928 – immediately preceding the Great Depression. Eric appreciated my work, because it helped explain an imminent bull market for gold, which he saw as well.”
I asked: Do these ‘long wave’ economic patterns explain today’s bear market for gold – and the recent rally in general stocks?
“Well, they didn’t predict this – but they can help explain why it’s happening. Over the course of one entire ‘long wave’ economic cycle, covering a full expansion and subsequent contraction, you have what I call four ‘seasons.’ Winter is the period where debt is wiped out of the economy. It happened after 1929, which caused the US banking system to collapse. During the 1920’s, there had been a big build-up in consumer and corporate debt, as well as sovereign debt.
“During the Great Depression and the previous depression of 1873, we were on a gold standard system, so the ability to create money was limited. This time around, we are in a pure credit-based system, so the ability to create money withstands the ravages of the winter. Effectively, governments have been creating more debt. This will ultimately cause a more horrendous economic decline than in either 1929 or 1873, as debt levels are far greater today – and because the world is much more inter-connected financially.”
What about your prediction of a ‘new gold rush’ similar to the late 19th century?
“I do believe this will happen. Even though the amount of dollars is going up, eventually debt will be wrung out of the system. This causes deflation, which is very bullish for gold. In deflation, both creditors and debtors are in dire straits. They’re facing enormous pressure. People tend to turn towards stores of value like gold.
“We saw this happen in the 1930s’. When the stock market bubble collapsed, capital flowed into gold instead. Gold production in Canada rose from 1,928,308 fine oz. in 1929 to 5,311,145 fine oz. in 1940, which amounted to a 175% increase.1There were 100 new gold mines started during that time, and world gold production increased by over 100%. That happened because capital was going into gold.”
So what do Kondratiev’s ‘long wave cycles’ tell us about what to expect going forward?
“We’re in the same period in the cycle as we were in the 1930’s and after 1873. The economic winter has been muted by the creation of paper money ad infinitum, but we will probably experience another leg down – similar to 2000.
“Follow the cycle: Kondratiev pointed out that the first cycle began with the industrial revolution in 1789, and that these cycles last around 60 years. This one is taking longer because we are on a paper money system, but we are approaching a full-on winter.
“Those 60-year cycles can be divided into four ‘seasons.’ You have spring, which is the re-birth of the economy, where debt’s been wrung out of and now the economy can start to function again. Then you move into summer, when the economy reaches its full fruition. It’s always the inflationary period of the cycle. Then, you get into autumn, which is the speculative period in an economy. It’s the biggest boom in stocks, bonds, and real estate in the cycle. Peaks, like we had in 1873, 1929, and 2000, indicate that we’re getting into the winter. That is the payback period where debt gets wrung out of the system.
“The market peaked in the ‘dot com’ bubble of 2000, but central banks forestalled winter by printing up trillions of dollars in paper money and effectively reducing interest rates to zero, between 2000 and 2002. From 2002 to 2007, interest rates rose in sync with the stock market. At the peak of 2007, interest rates were around 6%. Since then, interest rates went to zero again, but never came back up, even as the stock market took off after 2009. That’s created massive amounts of debt that still need to be wrung out of the system.
“It’s going to be a painful period in the economy, but I believe gold will shine as we have seen before, during the long wave economic winters.”
1 The Chronological Record of Canadian Mining Events from 1604 to 1943 and Historical Tables of the Mineral Production of Canada"
Honestly I have never looked into his wealth building strategy. I imagine it had something to do with the hotties he had on his walls during his TV show. I mean come on what the heck tops that kind of status right? Funny stuff ;)
In all seriousness I have heard he has exceptional business acumen and is a ruthless negotiator. It doesn't surprise me because those boys are a dynasty all to themselves and will forever imo be remembered as an ageless past time. Talk about building something from nothing my god that would have been a train I'd happily have purchase a seat on....cargo?
Absolutely!!!!!
Gold silver ratio is 66.11....here comes funky town again!!!!