Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What is your rant about? Speaking about the stock and the issue that is causing the share price to dive. There is a lot of presumptions in your statement.
This is a discussion board isn't it?
This has drop so fast because the management once again didn't follow through in what they said they would do and that is having news of refinancing by Q3. Nothing spoken about this!!
Once this has been sorted i suspect the correction will be rather fast
Q3 2016 Financial Results Conference Call Information
Banro will host a conference call at 8:00AM EST on November 8, 2016. Please use the following dial in numbers:
Q3 2016 Financial Results Conference Call Information
Toll Free (North America): +1 877-291-4570 Conf ID: 56375144
Toronto Local & International: +1 647-788-4919 Conf ID: 56375144
Q3 2016 Financial Results Conference Call REPLAY
Toll Free Replay Call (North America): +1 800-585-8367 Conf ID: 56375144
Toronto Local & International: +1 416-621-4642 Conf ID: 56375144
The conference call replay will be available from 2:00PM EST on November 8, 2016 until 11:59 PM EST
on November 22, 2016.
This statement is a killer.
"Based on current production levels, the Company expects 2016 annual consolidated production at or marginally below the lower end of the 2016 production guidance"
low end - current = low end year target needed
210,000 - 147,000 = 63,000 or less expected from Q4. Below lower-end could be sub 60,000 for Q4?
Nice action this week without news on low volume. Looking forward to action once news is out and volume kicks in. I think it will move fast.
Found this a great read about the official take on Gold supply vs Demand Vs Real world demand. The numbers sure as hell don't match up and i don't think it can continue for much longer before a major price correction. Only so much left in the vaults from the west.
Read Here
How is this still an active stock and still trading? The company has been dead for over 10 years and the market cap at the moment is in and around $30,500
Brazil Resources chairman Amir Adnani @ Precious metals summit
Sounding very positive!!
View Here
Good luck with that call....
Sounds like the army made quick work of them. But scary to see Banro's supply route getting caught up in this.
The drivers, eight from Tanzania and five from Kenya, were rescued after DRC refused to negotiate a ransom of 4,000 US dollars per person with the rebels.
According to Simba Logistic owner, Azim Dewji, DRC government refused to negotiate payment as it may accelerate Drivers and trucks hijacking incidences.
“I am heading to Kivu. They (rebels) torched down eight trucks, but our immediate concern is the safety of drivers…the trucks were insured,” Mr Dewji told Tanzania Broadcasting Corporation (TBC) noon bulletin.
He said the rebels demand was not to repatriate Tanzanian soldiers under the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO).
The Ministry of Foreign Affairs said earlier kidnappers were demanding a ransom of 4,000 US dollars (over 8m/-) per driver and payment should have been settled in the next 24 hours, which ended on Thursday 1600hrs.
Earlier, DR Congo Internal Affairs Minister Zakwani Salehe told media reports that no ransoms were paid, and government troops rescued the drivers, and one other person.
He said kidnappers did not appear to expect to be attacked, and disappeared into the bush when troops appeared. He described the kidnappers as “bandits” and it is not clear if they were linked to any of rebel groups which proliferate in eastern DR Congo.
Those rescued are in the hands of the army, which will escort them to the DR Congo-Tanzania border point, Mr Salehe said
View Here
Official Press Release
Here
Reason for todays Halt!!
Brazil Resources Announces NI 43-101 Gold-Copper Resource for the Titiribi Project, Colombia
News is out
Formatting is a bit off on the market watch page, will link to the official news release once available
Tick Tock...... come on ... let us know what its halted for!!
Great progress, hitting 9,200 in last quarter for Namoya . Things are only getting better.
In next quarter Twangiza will be back in the high grades and Namoya will be pushing out around 30,000 then we shall start seeing 60,000 ++
After hours on my phone just shows it hit .45 + 16.88% on the day
Exeter Resources on BNN today. The size of this mines resources is scary, when will someone notice?
BNN Video
The tide has defiantly changed direction now.
Gold Rally Isn’t Over as Traders See Lasting Brexit Gain: Survey
The fallout from the Brexit vote will mean even more gains for gold, which already surged to a two-year high on Friday as the world grappled with the economic impact of the U.K.’s exit from the European Union.
Prices could reach as high as $1,424 an ounce by the end of the year, according to the median of 12 forecasts in a Bloomberg survey of analysts and traders from New York to London conducted on Friday. That would be the highest since August 2013 and a gain of more than 7 percent from where the metal is trading now. Estimates in the survey ranged from $1,375 to $1,600.
Before the U.K.’s vote on Thursday, central bankers had been sounding the alarm that an exit from the EU could be disruptive to the global economy. Federal Reserve Chair Janet Yellen cited Brexit “consequences” as among the factors that went into the decision to keep interest rates unchanged at a policy meeting this month. Traders are now pricing in a 1.9 percent chance that borrowing costs will rise through November. Low rates are a boon to gold because it increases the metal’s appeal as a store of value.
Gold futures for August delivery rose 4.7 percent to settle at $1,322.40 Friday on the Comex in New York, after rising as much as 7.9 percent to $1,362.60, the highest since March 2014.
Here are comments on gold’s outlook compiled through the survey and analyst notes:
* “The Brexit-referendum lowered the probability for an interest-rate hike in the U.S.,” said Thorsten Proettel, a commodity analyst at Landesbank Baden-Wuerttemberg in Stuttgart, Germany, who raised his gold forecast for the third quarter to $1,350 from $1,300 after the results of the referendum. “Without that burden, the price of gold has more potential to increase,” he said in an e-mail.
* “Obviously a Brexit vote increases risk in financial markets, risk aversion for investors, risk aversion for lending and all these other factors,” Jason Schenker, president and chief economist of Prestige Economics LLC in Austin, Texas, said by telephone. “The dollar is likely to fall later in the year when we see the U.S. likely slide towards a recession and the Fed move completely away from tightening monetary policy and begin to look at further accommodation. That’s how you could end up in the $1,400 to $1,500 range for gold.”
* “In the near-term, we expect safe-haven demand to support gold prices,” Georgette Boele, an analyst in Amsterdam at ABN Amro Group NV, said in an e-mail. “Markets will likely also adjust downwards expectations on the Fed, which is positive for gold and other precious metals. Our target for the end of June $1,350 and end of December $1,370 for gold prices. It is likely that prices go beyond that.”
* “Due to the Brexit vote and upcoming U.S. election, I see no reason why or how the Fed will raise rates, and I see gold trading north of $1,600,” Bob Haberkorn, a senior market strategist at Chicago-based RJO Futures, said by e-mail. “A Fed rate hike would be bearish gold and I don’t see any chance of a rate hike at this point.”
* “I see a short-term target of $1,400 an ounce and, within that context, a potential spike up to $1,450,” Charles Gibson, sector head of mining at London-based international equity researcher Edison Group, said by e-mail. “In the event of additional shocks (e.g. bank failures, renewed financial crisis, reduced western world interest rates, a violent hurricane season, Donald Trump winning the U.S. November election, a further fracturing of Europe and renewed crisis in Greece and potentially taking in Portugal, Spain, Italy and France etc.), I think that it could hit $1,580.”
* “While this situation is definitely fluid and a number of factors will dictate the price direction in gold from here, at Long Leaf we feel that $1,450 is reachable upon a few of these factors coming in favorably for gold,” Tim Evans, the chief market strategist at Chicago-based Long Leaf Trading Group, said in an e-mail. “The next concern that is on the horizon is a new secession vote for Scotland. If momentum builds for this, we could see another exponential move higher in gold.”
* “We expect gold to reach $1,400,” analysts at Societe Generale SA including Michael Haigh and Robin Bhar wrote in a note. “The heightened market uncertainty will prompt investors to seek safe-haven assets, benefiting gold and the rest of the precious metals. While, arguably, some of this uncertainty has already been priced in, there is likely much more to come.”
Bloomberg article here
Gold fly's past 1,350.... Where is this going to go with the news coming out of europe
Just past 1300, lets keep on marching!!
Good article for sure, My take on it is the USA (along with Eurpoe) wants to enforce the rules of governance and deter the rule for life to an individual over the country.
USA want to get out ahead of the issue while Europe has a wait and see view point. The fact that nothing has been declared in the DRC whither he wants to stay , have an election or just leave. That puts us all in the position of having to wait and see what this man decides. Will defiantly have an affect on Banro
Not sure about what each country wants, but article said 3 USA Senators want to in order to send a message to him while Europe said it is too early for sanctions.
That is the limit of my knowledge on this and i am sure everyone else's here who is not partial to the insights of world powers.
That is how the market works, sometimes you catch a big wave others a small one and unfortunately some times just get sucked out into the sea. You make your best effort to pick one on a number of points you think the market hasn't acknowledged yet. I think the market is not fairly pricing this and predict the market will see this towards the end of the year.
For me the P/B flag is very strong in this one compared to all other junior miners and the fact they have growing gold production and very little of there land explored.
Banro Price to Book is lowest of all miners
Is there going to be a peaceful hand over of power? Sooner we get info on Kabila's plan the better i think
I dont think it is being heavy handed, maybe a bit early as no one knows if Kabila will go at end of his term or try and stay on. They are laying out what could happen if he decides to stay put.
The DRC will do a great job of destabilizing itself without anyone's help if he decides to stay on. He needs to get the picture that it will not be tolerated by his people as well as the international community.
Risk is high in this one but rewards are even higher....
This is the most pressing issue for Banro in 2016. Get this sorted peacefully and you will see the share price came back to normal gold miners values.
Exclusive: U.S. wants sanctions on Congo leaders, Europe not so sure
Massive miss in jobs numbers pushes away rate high talk and can we now talk about how the whole economy is doing bad and not brush it under the carpet.
Only 38,000 Jobs Added In May; Worst Since September 2010
Not worried about the daily price of gold as i think long term it is going to be strong. What does worry me at this time is the build up to the election in the country which the economist have just done a great article on.
Article Here - Economist
The Democratic Republic of Congo
The guide to the promised land?
Moïse Katumbi takes on President Joseph Kabila
May 14th 2016 | LUBUMBASHI | From the print edition
AT THE Palais de Justice in Lubumbashi, the Democratic Republic of Congo’s second biggest city, an impressive piece of political theatre is about to unfold. Hundreds of cops in navy-blue uniforms form a cordon, clutching riot shields and smoke grenades. They are waiting for the arrival of Moïse Katumbi Chapwe, a former governor of Katanga, the region of which Lubumbashi is the capital, whom the government has accused of hiring mercenaries and plotting a coup.
When Mr Katumbi arrives, he does so in a black minivan surrounded by a huge crowd of people who fill the square, singing and waving signs that read “Je Suis Moïse”. Dressed all in white, with a Congolese flag around his neck, he clambers out and pushes through the crowd, ascends the steps and goes inside. The moment the doors of the Belgian-built 1920s Art Deco building close, the cops rush the crowd, firing tear gas and waving tasers. In less than a minute, the square is devoid of anyone not wearing a blue uniform.
Over the past year, Mr Katumbi has become Congo’s most influential opposition leader. Few believe the accusation about mercenaries: despite raiding Mr Katumbi’s homes, the Congolese government has arrested only a few unarmed security guards. The American embassy has dismissed the claim. But even without armed men, Mr Katumbi may be the biggest threat to Congo’s president, Joseph Kabila.
Under the constitution, adopted in 2006 at the end of a war that killed anywhere between half a million and 5m people (nobody is sure), Mr Kabila should stand down at the end of his second term in December. But the former guerrilla, who took over as president when his father was murdered in 2001, shows little sign of planning to do so. As a result Congo, a country of perhaps 90m people four times the size of France, which outside its fragile eastern regions has been relatively stable for the past decade, may be plunged back into chaos.
Mr Katumbi formally entered the race on May 4th, the same day that the accusations about mercenaries emerged. His plans were hardly secret, however. In September he split from Mr Kabila’s party together with a number of other influential Congolese politicians, declaring that he no longer believed the president would respect the constitution. Ever since, he has been courting the press and nurturing allies among Congo’s disparate opposition.
More than anyone else, Mr Katumbi has the chance to build a coalition able to force Mr Kabila to step down. In Katanga, where he was born—the son of a Greek Jew and his Congolese wife—he is enormously popular. Having made a fortune in servicing mining companies, in 1997 he bought TP Mazembe, Lubumbashi’s football team, and turned it into Africa’s most successful. Katanga, by far Congo’s wealthiest region, is also its most functional. Some of this is thanks to Mr Katumbi’s work as governor, at a time when international mining companies moved back to Katanga having all but abandoned it.
The president, by contrast, is deeply unpopular in most of the country. He won elections in 2006 and 2011, but against a divided opposition, and amid widespread irregularities. In both cases, he relied heavily on support from Katanga, and in turn on Mr Katumbi, who was one of his closest allies in government.
That support is now almost all gone. “We do not want another Mobutu,” says a smartly dressed man who gives his name as Constantine, outside a pharmacy in Lubumbashi (Mobutu was the dictator of the then Zaire from 1965 to 1997). “I was not a supporter of Moïse Katumbi, but today I am,” he says.
The question is whether Mr Kabila can gather enough support to stay in power despite the constitution, following the example set by the presidents of Congo-Brazzaville, Rwanda, Uganda and Burundi. So far the indications are that he is weaker than his peers. At the end of 2014 he sought to change the constitution. Some 40 protesters were shot by the police on the streets of Kinshasa. But the gambit failed.
Since then, he has followed a strategy of glissement, or slippage. He split Congo’s 11 regions into 26, in the process ejecting many of his opponents from their positions. He has starved the election commission of funds and has claimed an election is impossible to organise. That, the Supreme Court has just ruled, would allow him to stay on past December. Most recently, he has started a “national dialogue” to try to convince opposition leaders to support a way for him to stay in power.
But he has also embarked on a policy of repression. Whereas soldiers fighting rebels in the east do so with ancient weapons, the police in opposition strongholds such as Lubumbashi are smartly equipped with brand new equipment, such as the tasers. Protests have been put down by force. Hundreds of people—opposition politicians, activists and journalists—have been arrested across the country.
This has not made Mr Kabila more popular. And too-blatant repression is threatening to undo him. Diplomats from donor countries are talking about imposing targeted sanctions if Mr Kabila does not leave office. More importantly, the economy is slowing because of lower commodity prices. In Katanga some mines have closed and many Western investors are pulling out. On May 9th Freeport, a large American firm, announced that it planned to sell its copper mine to a Chinese firm for $2.65 billion. The government is running through its reserves fast and, being unable to borrow, is printing money.
What happens next is anyone’s guess; the government is plainly nervous about the local reaction if it tries to cart Mr Katumbi off to Kinshasa for trial. A day before he was taken to court, Mr Katumbi explained his strategy at the tennis courts behind his house in Lubumbashi, a mansion festooned with football memorabilia. “He can’t bribe all of the population and he can’t kill all of the population.” Mr Katumbi proposes to lead demonstrations against the government until it gives up—and if he is arrested, or worse, killed, then to become a martyr. “My fight is a pitiful fight. I have no gun. But if I die, it will be for a cause,” he says, somewhat grandiloquently for a man dressed in whites and clutching a racquet. He thinks that Mr Kabila should step down gracefully.
Yet others are fearful of nastier consequences. Not everyone in Congo will embrace a president from the south, like Mr Katumbi. In the east, in particular, as many as 70 armed groups still run rackets and fight localised wars with the government and each other. Many are hostile to the entire Congolese state, not just to Mr Kabila. Even if he does not step down, Mr Kabila may struggle to stay in control of much of the country. And Congo’s history shows that when the president struggles, bloodshed quickly follows.
Great article, i don't understand how they are getting away with the comex Gold ratio going crazy the last two year. is there no rules on this paper trading. such as can the ratio go to 1,000 to 1 or 5,000 to 1 if they so wanted or do they have to follow some rules?
Q1 2016 Financial Results Conference Call Information
Banro will host a conference call at 11:00AM EST on May 12, 2016. Please use the following dial in numbers:
Q1 2016 Financial Results Conference Call Information
Toll Free (North America): +1 877-291-4570 Conf ID: 10056027
Toronto Local & International: +1 647-788-4919 Conf ID: 10056027
Very poor numbers both current and revised.
I bet even this month will get revised down in the future.
Gold killing it this morning, seeing 1291.7 +1.6% right now
Also i see on my account there was some after hour purchases which let the price at .33 -2.63% on the day
The following shows how undervalued Banro is compared to their peers. Price to book coming rock bottom out of 42 companies @0.19
Stock Screener Gold company ranked Price to Book - low to high
Long and Strong on this one.
Edit: I pressed reply to your message by accident. Was meant to be a general comment :)
This is the most current board for Fission on StockHouse. And our time will come when they announce results of winter/summer drilling. That is what got NXGENF going
Forum Right here for FISSION URANIUM CORP
I think we will have to work through the excess supply that has been on the markets the last 2-3 years after japan closed down there reactors.
Also the news out of Germany about a virus found at one of there nuclear reactor sights maybe after spooking people about possible targets.
I think in 12 - 16 months the price will be after rebounding and Fission may at that time be getting ready to progress with there project. Low prices do not affect us at this time as we don't produce anything.
Great report i found from user(Moneymagnet14) on stockhouse
Cantor Sets $2.90 Price
I would take a buy out no problem , but the bid would have to be close to book value for me.
Wrong Congo, Republic of the Congo is a different country than which Banro operates in.
Banro is in DRC Democratic Republic of the Congo and elections are meant to be held there this year all going to plan.
both countries more or less have the same name and share a border.
It is the DRC election which we have to keep an eye on.
Good steady action this week, leading up to hopefully Q1 financials start of month with hopefully a decent profit.
Not too worried with gold price at the moment as i feel the momentum is heading north. And management will finally get that second mine up and running smoothly 1 year later.
I am however worried about elections in DRC this year, from doing a bit of research it sounds like things could go pear shaped leading up to this.
Leonard Mulunda, a Congolese Activist living in SA on DRC issues
Also article headings like this would put the fear in.
Troops and heavy weaponry deployment highlights increased civil unrest, war risk in DRC's Katanga region
Police tear-gas protesters as row over Kabila rumbles on
I will take that every day if possible.
There is a ton of potential in this company and it will become more apparent as time goes by.
Hoping the company doesn't get sold too soon or we not relies the true value of such a mining prospect this is.
Great move today. I wounder is there something brewing or just someone picking up a lot of shares.
Should have news on the water rights approval soon enough.
This is of course correct at this time. Gss up over 300% YTD and a great call for anyone who caught this.
But then i can show other sticks that would have been better than Baa at the same time. Nature of the game, cant be in all running stocks.
We cannot catch everything. I am more long term focused and pretty comfortable with my holding in Baa. My take is that by end of year this will easily be $1+. So with that foresight , just going to sit on it so to say ....
Interesting in the change of path that both Baa and Gss have taken since the start of the year. up until the start of the year they followed the same path more or less. But since the start of the year Wow for Gss.
My thinking is that once Baa can show increases in the number of ounces per quarter and increasing profit which actually stays on the balance sheet rather than disappear to pay for some items. Baa will not only catch up but pass Gss out.
Since the start of year. Comparison between Baa & Gss