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Yeah fair enough. We have the same here. They are called ' benefits scroungers' colloquially
I agree. Thats exactly what we have here in the UK - the NHS. Free healthcare for all. And everyone contributes. Its one of. the best things about this country.
LMAO. Shouldn't laugh but that is hilarious! In any case without further evidence I am going to assume the story is complete BS anyway. And how dare us lowly shareholders complain about the share price whilst management reward themselves! What was that crap about raising the share price? Clarke and Jennings need to stop talkng and start delivering.
Yep you would think a rising POG is good miners. Not dor BAA apparently. I say management gets some harsh interogation on the call. WHAT IS GOING ON HERE ?!
Cheers. Wife and I run our own real estate agency here in UK. Opened in December 2007. Perfect timing! There young kids too. I guess you could say its been character building, but were over the hump now. Almost payed off business loan, then we're 30K a year better off too. Might even buy some more BAA!
Same. Fortunately busness paying for itself now, so I can hold for a few more years if necessary. Nice community here too, which is great
Lol. True. Just venting :) MMs not having my shares thats for sure. Rode this puppy up and down like rodeo for the past couple years. Used to these games now.
Nice. Wish I had some more dry powder, but happy with 225000 :) Like you been here since fall 2014. Will stay here as long as it takes. Just cannot find another miner to compare. BAA.
Gold flying and we are up ....... 2%! No manipulation going on here no no. Nobody everyone hates these banksters so much! Man I would not want to be in their shoes when the shi& hits the fan. Peeps are gonna hold these fu#kers responsible....
The last time a Chinese company invested in a gold company I was also invested in, the miner was snapped up by them a couple of years later, leaving the shareholders with nothing. This kind of thing leaves a bad taste This was optimistic headline when the investor came in. http://www.thisismoney.co.uk/money/markets/article-2195493/MARKET-REPORT-Vatukoula-Gold-Mines-wins-bad-day-blue-chips.html
Yeah lets see if this lot can change the stereotype people have about Chinese.
No sooner have the Chinese become involved than we head south. Interesting. I want some answers from management.
Yeah thats what I meant about management earning their salaries. If they had managed competently from 2012 to 2015, the share price would not be languishing at these levels. Dont get me wrong I still have faith in the company which is a junior miner (soon to be mid tier) with the asset base of a major. I just feel like management could be a lot more efficient. And they need to be.
AKA manipulation
Lol. Like last week for example. Capitulation. What else could possibly explain the sharp drop in the mining ETFs when gold was basically static? Previously, big falls have always correlated to POG dropping. Not this time. Interesting.
What a strange situation we find ourselves in. We all want gold to go to $5000, but what kind of a world would that be? A world of war, poverty and crime I suspect. Anarchy. Us Banro investors know that our 'leaders' have led us to the very gates of hell, through their corruption and crony captalism at the expense of the very people they are supposed to serve. We know that the Federal Reserve and its affiliated banks will do anything to preserve the wealth of the few whilst further impoverishing the rest in debt servitude. We know these matters will indeed come to pass because we understand math. And we understand the difference between propaganda and reality. Economic cycles and war are invariably correlated. And war is coming. The war 'they' have been planning since the late 1990s. A war based on pure deception and false flag terrorism. What they have they done?
Its difficult to bring a mine into production in DRC. I get that. But are you saying BAA hasnt made mistakes along the way? Why did they sack Village for example? Anyone who bought shares in Banro in 2011 will tell you exactly what they think of management. And what about the financing last year that was supposed to see them through. Oh no, we need ANOTHER 100 million! The good news is that the penny FINALLY appears to have dropped - they need a sense of urgency. NO MORE SCREW UPS from now on. Its all hands to the pump
Tell me something new
Agree about looking forward not back, but I think its important they understand they have pissed off a great many people with their previous incompetence. New year, new attitude from now on. No more screw ups. No more wasting money. They need to watch every dollar. I opened my business in December 2007 and had to run a super tight ship from the start - often going without pay, vacations etc just to the business could survive. Every successful company must have this attitude. A penny saved is a penny earned. They need to understand that cutting costs is just as important as growing revenue. Clarke could set an example by taking a pay cut for starters. Its not like these guys have earned their salaries over the past few years right ?
Cheers Stock. Much appreciated input here. I tend to agree, but the more reassurance we can get from management, the better. Folks need to start asking some tough questions on the conference call. Last time round they talked the talk about increasing the share price over the next 3 months and yet here we are. POG hasnt changed much in that time, so if they use that excuse its bullsh*t . Lets just say that they have some serious making up ground to do, given the delays on Namoya and all the trouble that has caused for us shareholders. Many people have been wiped out by BAA over the past few years - management needs to atone
Cheers for input Congo. Valuable as usual.
Going to pose a question here. Gramercy seems to have a reputation as a vulture fund. Why are we all so sure their intentions are good here? Let's put aside confirmation bias here. Is it possible that they really are parasitic vultures as some have suggested. Would they be in position on to force BAA under in 2017?
Yep. Baltic Dry, Iron, copper, oil, coal. All telling tye same story. And no amount of bullsiht propaganda can change the fact
The Fed is fu$£ed. Or should I say, the Fed has fuc4$%d up America
http://www.zerohedge.com/news/2016-01-15/here-it-comes-new-york-fed-president-says-if-economy-weakens-further-would-consider-
10 year Baltic Dry - all you need to know about the so called recovery. http://investmenttools.com/futures/bdi_baltic_dry_index.htm
https://news.markets/shares/baltic-dry-index-hits-all-time-lows-can-bulk-shipping-survive-8521/
SocGen - Brace for US stocks to fall 75% http://www.telegraph.co.uk/finance/economics/12097262/Notorious-uber-bear-Albert-Edwards-warns-world-is-headed-for-another-2008-crash.html
Respected FT journalist Merryn Somerset-Webb reckons a great new bull market in gold miners is upon us. I do too http://www.ft.com/cms/s/0/c38b6b8c-b5f3-11e5-b147-e5e5bba42e51.html#axzz3xJTmJus6
Yeah I meant exporters
Maybe. But the strong dollar not only masks a weak economy, but also hurts the economy at a time when it needs support. Every month the dollar stays strong is another blow to US manufacturers
True. I obviously think this will occur sooner rather than later. Investors are exiting the stock market as we speak. Their capital is slowly but surely being deployed into alternative investments most pertinently precious metals and their associated miners. Do not be surprised to see S P 500 below 1000 and gold above 3000 by the time this is played out. I will stand by that a couple of years from now
I disagree. Even allowing for the circuitous route to Namoya production , the share price is far far too low. No question BAA is subject to manipulation. No question whatsoever and SEC has been notified. At the end of the day BAA is a growing producer with some of the lowest AISC in the industry. A market free from manipulation would reflect this. In the time this will happen
Lol
Over promise and under deliver - it's what they have been doing for years.
I am. Haven't sold one. Always had a 2-3 year timeline. It will be worth the wait.
Just what I was thinking. This time it really looks like it. Big drop from already insanely low prices. Enough to break the spirit of most. But not all...
Too busy smoking grass I guess. There's regular time and there's BAA time. Relax baby it'll happen! Just don't Bogart that joint
Yeah it is lower to be fair - around 0.2, whereas BAA is around 0.4. Industry average debt to equity is approx 0.4. Some like Barrick are well above 1 x. The key to BAA is its ultra low AISC, and its impressive assets
Yeah I agree there is no legitimate reason why we should not already be trading at minimum dollar, which would only be about 0.6 book value. Given that we are surely one of the most derisked junior producers with this latest financing, I believe there no other gold stock that compares. It's not a question of if now, it's just a question of when. So if you can wait another year or preferably longer then this is going to be very rewarding indeed imho
Spot on my man. Ignore these clowns, they're only doing it for attention. Don't give them the satisfaction
Lol. Well yes if you call patiently holding long fluxed ! Havent changed my stance on BAA once. Its undervalued. Simple as that. Unlike you I put my money where my mouth is :)>