Noodle2,

Since you signed in Investorshub half year ago 117 of your 120 posts are BAA, indicating that you have had all of your confidence with BAA before. Would you mind to share with us what make you to change your view recently, the Namoya mine violence?

(If that is the case, I have different view with the Namoya violence, and the big boys might have the same view as mine. We can see that from BAA shares trading and price after the four days of Namoya violence.)


Thanks

Bull

You are right,

The same shares on both markets, no need for BAA to do anything, but it is your angency's business for you to trade either market.

You should read BAA 2012 article carefully, the protesters were not from the community, these protesters set fires on houses, stoning cares and houses. I think the community people also are threatened by these outside protesters.

From the BAA 2012 article, we can guess the group of protesters are basically a gang of robbers. The national police might want to shoot the head of gang died long time ago. Now it is good to know BAA properties are protecting by Congo national police officers. There is no way for robbers to damage BAA.

After you read this, you will know the local good people must love BAA and the recent article is bullshit. Anyway, now matter how good you are, you still not be loved by every body.



http://business-humanrights.org/sites/default/files/media/documents/company_responses/banro-response-re-namoya-drcongo-24-sep-2012.pdf

it looks too good for banro and its investors because nobody wants to try close to Banro installation again without permission.

You should think if anyone can reach

sit-in? why need to go to the installation? Media always wants to make news

BAA price did not decrease, but increased. Maybe the captain had a reasonable reason to shoot. For example, "As the demonstrators approached the installations of the company, the shots rang out, says a witness". The question is: what are the demonstrators planning to do against installations of the company if without shot? The big BAA investors may know what will be the final legal result for this event.

Yesterday looks like some big panic blocks, but these big blocks were absorbed easily by big BAA lovers, without any deep price decrease.

It may be difficult to do business in Congo without blooding because gold is a thing every body wants to have.

I think Congo government may support BAA if the demonstrators have had intention to damage installations of the company.

That maybe was the reason of yesterday's big blocks of buyings and sellings.

I think your view is the dumbest.

Why?

See the answer below:

If BAA use $1M buy back 6-7M shares at current price and then the share price goes above $0.30 later, BAA can make many million dollars back and reduce a lot of dilution because a lot of warrants and options will be excised at much higher price than the current price. And the bought back shares can be supplied to the excised warrants and options without need of new shares issuance.

Now you know who is the economist.

weeks ago, he said would close later this month.

Now we have three days to go

But USA investors have problem to trade

The dilution is not for money, but for Baiyin involved because BAA will have $20M+ spare after the deal closed

Don't need much money to buy back, $1M can buy back 7M shares and the price will be above $0.30 if we absorb 7M free shares

The de-listing deadline is coming which scares many investors. I wrote Martin several times to ask management or company buy shares back to support price above $0.20 because BAA will have many money in account after Baiyin deal closed.

Martin said the company is considering options to promote shares price.

Maybe we need more investors write to Martin about the de-listing concern and ask the management or company buy shares back to support price above $0.20

I cannot understand why you want BAA partners with somebody. Do you think partner is not a kind of dilution? Sure, it is a dilution and it is a huge dilution! I think it is most important for BAA to keep its gold resources when gold price is low, not shares them with other sharks cheaply if BAA can survive this downturn.

BAA filed all of deals on 01-11-16. Based on its statement, BAA will have about $20+M cash injected into BAA account after all of repayment such as dividend, gold forward sale, interest for 2017 and sort-term due loan.

Don't be fooled by Ke, JHN and horse! I don't think BAA will stay below $0.20 for 10 days and it will fly soon no matter what price gold is.

Now, lets see where BAA is now:

1, as survival, BAA not only has enough money to pay interest up to March 2017, no short-term debt mature, but also has $20+M cash in hand. Most importantly, cash will build up fast from these two low AISC mines. So BAA has no BK risk even gold price to Ke's $985 target.

2, as production and scale, BAA will have 200+K OZ production annually, even subtracting streaming sale, BAA still has 160+K OZ production annually. It is a mid-tier level gold miner. Comparing with all of gold companies, a lot have no production but share price much higher than BAA. Basically, gold companies with BAA production level valued above $500M. So BAA should be above $2 now.

3, as share price, don't forget three things: a, Baiyin just bought 50M at $0.175; b, BAA management said it will promote share price after Namoya commercial production; c, keeping list requirement needs price above $0.20 due soon.

Do you think the powerful Baiyin and careful management will allow Ke/JHN/horse to damage BAA share price any longer? as to price stays below $0.20 for de-list risk?

Keep your shares and buy more to dry and squeeze shares!

Baiyin already filed the deal on 01/08/16, I think it is almost done.

http://www.sedar.com/CheckCode.do

REPORT PURSUANT TO PART 3 OF NATIONAL INSTRUMENT 62-103
1. Name and address of the offeror:
RFW Banro Investments Limited (the “Offeror”)
Nemours Chambers, Road Town
Tortola, British Virgin Islands
2. Designation and number or principal amount of securities and the offeror’s
security-holding percentage in the class of securities of which the offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation to
file the news release and whether it was ownership or control that was acquired in
those circumstances.
The Offeror has entered into a series of transactions with Banro Corporation (“Banro”)
and certain of its affiliates pursuant to which it will acquire control over certain securities
of Banro, subject to certain regulatory and other approvals, as follows:
? A loan facility with other lenders in the aggregate amount of US$22.5 million
pursuant to which the Offeror will loan US$11.25 million to Banro, and Banro
shall be issued 5 million common share purchase warrants, each whole warrant
entitling the holder to acquire one common share of Banro at a price of
US$0.2275 until the date which is three years following the closing;
? A purchase from existing investors of US$20 million of certain outstanding
preferred shares issued by subsidiaries of Banro for an aggregate purchase price
of US$16 million and accrued dividends since November 30, 2015. The preferred
shares are convertible into common shares of Banro such that if all of the
preferred shares were converted, a total of 29,256,766 common shares
of Banro would be issued; and
? A private placement transaction for the issuance by Banro to the Offeror of 50
million common shares of Banro and 2.5 million common share purchase
warrants, for total gross proceeds to Banro of US$8.75 million. Each whole
warrant entitles the holder to acquire one common share of Banro Corporation at
a price of US$0.2275 until the date which is three years following the closing.
As a result of the foregoing transactions, the Offeror has the right to acquire (i) 50 million
common shares of Banro, (ii) 7.5 million warrants of Banro, and (iii) US$20 million of
preferred shares issued by subsidiaries of Banro. These securities represent 16.6% of the
issued and outstanding common shares of Banro assuming the warrants and preferred
shares are not exercised or converted, and 25.6% of the issued and outstanding common
shares of Banro assuming the warrants and preferred shares are exercised and converted.
Pursuant to the terms of the warrants and the preferred shares, the holder is not entitled to
exercise or convert such securities where the holder would become the beneficial owner
- 2 -
of, or a person who exercises direction or control over, more than 19.9% of the then
issued and outstanding common shares of Banro.
3. Designation and number or principal amount of securities and the offeror’s
security-holding percentage in the class of securities immediately after the
transaction or occurrence giving rise to the reporting obligation.
Prior to the transactions noted herein, the Offeror did not own or control any securities of
Banro.
As a result of the transactions noted herein, the Offeror has the right to acquire (i) 50
million common shares of Banro, (ii) 7.5 million warrants of Banro, and (iii) US$20
million of preferred shares issued by subsidiaries of Banro. These securities represent
16.6% of the issued and outstanding common shares of Banro assuming the warrants and
preferred shares are not exercised or converted, and 25.6% of the issued and outstanding
common shares of Banro assuming the warrants and preferred shares are exercised and
converted. Pursuant to the terms of the warrants and the preferred shares, the holder is
not entitled to exercise or convert such securities where the holder would become the
beneficial owner of, or a person who exercises direction or control over, more than 19.9%
of the then issued and outstanding common shares of Banro.
4. Designation and number or principal amount of securities and the percentage of
outstanding securities of the class of securities referred to in paragraph 3 over
which,
(a) the offeror, either alone or together with any joint actors, has ownership and
control;
See items 2 and 3 above. The Offeror is not acting jointly or in concert with any
other persons in acquiring securities of Banro.
(b) the offeror, either alone or together with any joint actors, has ownership but
control is held by other persons or companies other than the offeror or any
joint actor;
Not applicable.
(c) the offeror, either alone or together with any joint actors, has exclusive or
shared control but does not have ownership.
See items 2 and 3 above. The Offeror has entered into a series of transactions
with Banro pursuant to which it will acquire control over certain securities of
Banro.
- 3 -
5. Name the market in which the transaction or occurrence that gave rise to the news
release took place.
These transactions are all private transactions.
6. The value, in Canadian dollars, of any consideration offered per security if the
offeror acquired ownership of a security in the transaction giving rise to the
obligation to file a news release.
See item 2.
7. Purpose of the offeror and any joint actors in effecting the transaction or
occurrence that gave rise to the news release, including any future intention to
acquire ownership of, or control over, additional securities of the reporting issuer.
The securities were acquired for investment purposes only, however, the Offeror will
review its holdings from time to time and may increase or decrease its position as future
circumstances may dictate.
8. General nature and the material terms of any agreement, other than lending
arrangements, with respect to securities of the reporting issuer entered into by the
offeror, or any joint actor, and the issuer of the securities or any other entity in
connection with the transaction or occurrence giving rise to the news release,
including agreements with respect to the acquisition, holding, disposition or voting
of any of the securities.
Subject to applicable law, from and after the closing date and for so long as the Offeror
beneficially owns or exercises control or direction over at least 10% of the issued and
outstanding common shares of Banro as at the record date for determining shareholders
entitled to vote at an annual meeting of shareholders of the Corporation, the Offeror shall
have the right to (i) nominate one person for election to the board of directors of the
Corporation at the applicable annual meetin

How can people think production good or not based on the PR early or late? Do you really think BAA management is that kind of childish?

BAA will PR when it get the data gathered and signed usually. But this time it may combine the recent deal closing together. If that is the case we may have more days waiting. But we have a big chance to see PR when we wake up tomorrow.

It is not a good time for you to re-visit here and everything is beyond your imagination. It is better for you to grab some residual BAA shares immediately, no matter what price it will be. Otherwise, you will still have an empty bag when BAA goes to 10X in 2016. 10X is my conservative target for 2016, no joke.

When Chinese company involved in a gold property, nobody will be generous enough to make the original holder happier so that to share the property.

If you really need more BAA shares you will not bother the price is $0.19 or $0.29. Actually, I sold some at $0.17 before the deal announced but bought back at $0.215 after the deal announced. So, I lost almost 100K shares, but I am happy with these changes.

Too bad, among all of posters nobody likes the 50m shares dilution, but the dilution is the best in the deal although all of others are perfect. I cannot blame you guys because you may not understand Chinese, so you don't know much about Baiyin.

See below, I will analyze what is the benefit and what is the possible negative about the 50M shares dilution.

1, Baiyin would like accept BAA 50M common shares (16.6% BAA ownership), which means Baiyin would like support BAA future growth, but all of others in the deal don't have this function.

2, With Baiyin as another BAA big holder, BAA will not be bankruptcy in danger anymore. Why?

a: Although we have had two big holders before, Blackrock and Gramercy, BAA still has the possibility of BK because both Blackrock and Gramercy are planning to make money in BAA, not for gold. So, if gold price continues low they may give up their support to BAA, however, Baiyin is for gold to come into BAA, so Baiyin will support BAA forever no matter what gold price is.
As Baiyin Chairman said:

Wow, Baiyin will support Banro in unlocking the considerable potential of the Twangiza-Namoya Gold Belt, that means it will finance all of BAA future projects!

b, Baiyin is a Chinese company and both Chinese people and government like gold, so gold price there is much higher, when Baiyin has 16.6% BAA ownership why will Baiyin not transport BAA gold into China for good price.

c, Chinese companies and Chinese people respect relationship more than money. If BAA has shortage of money Baiyin will support BAA with favorable term, not with harsh term. We see now Baiyin gives BAA money for 8.5% interest, do you remember Gramercy charged interest from BAA for 14% with monthly continuous increase last year when BAA ran out of money?

d, As an operator of Chinese government gold strategy, Baiyin has multi-billions asset and many Chinese big banks and institutions are its board members. Baiyin investment in BAA is not for making money, but for helping Chinese government to control Twangiza-Namoya Gold Belt. It looks Baiyin will replace Blackrock and Gramercy in BAA future with its stakes of 50M common shares, $11.25M loan, $67.5 million gold streaming transaction, $60 million of outstanding debt and preferred shares. I believe Baiyin will have more BAA stake in future, maybe a complete buyout.

e, Congo and China are historic brother countries and China gives a lot of helps to Congo. When Baiyin has BAA stake the current or future Congo government will not hurt BAA.

f, some posters here still dream Randgold or other big gold companies to buyout or partner of BAA, now with Baiyin involved BAA will not be interested in partner or buyout from any others anymore.

g, as for the 50M shares, or 20% dilution, I don't think it has any affect to the BAA future ceiling price. Thinks things this way, if BAA has $10 per share ceiling price in future without dilution, its theoretic ceiling price will be $8 with the dilution. Do you think things really work that way? Actually, with Baiyin on board the diluted $8 theoretic ceiling price may go to $20 ceiling price in practice while the undiluted $10 theoretic ceiling price may just go to $5 in deed. The book value is the fair value and stock price should be based on it, does any one see that always happen?

3, Although the dilution is the best all of others are still perfect.
a, 8.5% interest loan, few companies can get this low interest loan, even for the major gold companies.
b, buyback price at internal rate of return of 17.5% for streaming arrangement. It is usually greater than 20% for BAA previous deal.
c, $0.175 per BAA share for the dilution, this price is not bad, comparing current BAA price.

I must go now

Institutions buying everyday!

Today at 10:08 both US and Canada markets have big transactions. If big sell or big buy the same time at US and Canada markets, they are institutional actions.

I see BAA shares is bought gradually and with controlled method, so people like ke or horse bash/wait for BAA to decrease big and then buy a lot will be an empty dream.

Expect big price increase for BAA from now on.

Today, DGXJ dumped 21M+ RBY to make RBY closed 60% down from $0.1 to $0.04.

RBY decreased 96% (from $1 to $0.04) in less than half year

It seems institutions and retails don't like non-producing gold company any more. Where will these investors put their money? High potential gold-producing company with low AISC will be their lover. BAA is the best for them!

Hi, friend

It is time for you to start build BAA position now, otherwise you will waste your all of time following/bashing BAA and have an empty bag when BAA goes to dollars in months.

http://www.kitco.com/news/2015-12-15/Murenbeeld-s-Highlights-From-China-Gold-Precious-Metals-Summit-2015.html

thank you for the cheap shares, but i did not get those cheap shares as you said. i always paid much higher than ask because it is difficult to get filled for big orders. yesterday i paid $0.162 per share for my 100k although the lowest was $0.151, and today i paid $0.168 per share for my another 100k although the lowest was $0.1605.

please work harder and harder, don't stop! if i can get $0.12 per share as you claimed i will give you free meal.

why you stop doing your job today? no confidence?

Long-term no confidence because we can not predict the phase 3 results, but short-term very positive: regain NASDAQ requirement, reverse split finished, B Warrant done, $15M more finance secured, 2 phase 3 in progress, stock price heavily undervalued.

should higher

i am doing the same as you, but i have only one fav stock, you know which it is. i will buy back and increase that fav stock soon.

Yes, this stock has been manipulated. But at current price level and the newly injected money in bank, it is difficult to manipulate down another dollar and easy to manipulate up multiple dollars. I will be happy to take the risk. We will see if my luck like post RS repeats again in days.

Next Monday, December 14, the underwriter will buy AEZS shares from the company for $5.55 per share and then sells the shares on the market. Do you mean the underwriter will sell its shares to you for $3.6, $1.95 less than its cost? You are so smart and the underwriter is so stupid that it takes an immediate 35% loss for your sake.

AEZS will be above $10 in days

I can not understand why traders dump AEZS after AEZS got more money injected, not before new money injected.

I also can not understand why investors hate dilution for money. Yes everybody like money but no dilution. How can that happen?

I am telling you the reasons again why AEZS will be above $10 indays.

1, AEZS itself has huge internal potential value because of its pending cancer phase 3.

2, AEZS is heavily undervalued and the price is trashed, is not because they don't know how to do business, but because they did not understand the alternative cashless warrant fully.

3, Institutions and experienced investors will take the current offering as a big positive, not negative because only companies with big potential can get funds under the current financial market.

4, The underwriter is always professional and it is happy to purchase AEZS for $5.55 per share. If the underwriter does not think it can double its profit it will not take the risk. That means the underwriter thinks AEZS fair value at least $11.1.

5, With the injected money, AEZS has no risks in near future such as bankruptcy and delist. So, new investors will buy for the phase 3 potential.

6, The scared people by the dilution sold AEZS want to buy back when smoke is clear.

7, Short sellers who thought the dilution negatively must cover when price rises.

8, Next Monday, the underwriter will get AEZS shares, so they will manipulate AEZS higher and higher gradually before they dump their purchased shares.

9, The AEZS cycle traders will come back for the new cycle when price starts rising. Then all of buying pressures come together to push AEZS. So, $10 is underestimated.

I sold 500k shares for AEZS shortly and will buy back more immediately after I sell AEZS, no matter what price. Several days ago I did the same thing. I sold BAA for $0.17 (lower than bid), used the money for AEZS and three days later I sold AEZS and bought BAA back immediately for $0.18 (higher than ask). However, I absorbed 100k free BAA shares. I know selling BAA is a risk, so I just go away shortly and then back immediately for more shares. I sold BAA for $0.175 this time (lower than bid again), I am planning to buy back at any price it is later shortly. Doing this, not just for more BAA shares, but for supporting and stabilizing BAA price.

If trade AEZ* correctly it will make people rich. I traded it after RS and contributed the profit for more BAA shares. AEZ* trade time is here again, but be careful, no long time hold.

Please review my post when AEZS did reverse split and price was under $4. I copy and paste it as below.


bullforever Sunday, 11/22/15 09:09:22 AM
Re: TexasRambler post# 13484
Post # 13512 of 14948 Go

As a BAA friend, I would like to warn you that selling or shorting AEZS after the RS is dangerous. Thinking AEZS decreasing after RS is against the real AEZS market and only coming from the scared retails. I have many reasons to say so.

1, if institutions or big AEZS investors want to sell their position or shorting they should do so long time before the RS because the RS decision was announced long time ago. It means no much big selling off or shorting will come from these investors.

2, Due to the scary RS decision, many AEZS lovers decided selling or shorting AEZS before the RS and then buying back after the smoke settled. It means Buying pressure was building up for a long time.

3, B warrant is close to complete, investors who are concerned of B warrant will rejoin AEZS market. It means more AEZS investors who were side-watchers will put more buying pressure on AEZS.

4, After the RS, the higher AEZS price will allow institutions to buy while before the RS, the low AEZS forced some institutions must sell. It means institutions may also put some buying pressure on AEZS.

5, As many investors noticed, AEZS cash in hand is more than its market capital. So the 2 phase 3 trials got minus valuation. It is unbelievably undervalued. So, some new investors will try to take the risk/award. It means even more buying pressure.

6, Some people here mentioned AEZS will offer new shares after the RS. If so, the AEZS price will manipulate higher and higher by the company and the proxy banks before they do so because the company and the proxy banks want to get as many as profits with as little as shares offered. If you check all of offering from all of companies, the price always are manipulated very high before an offering.

So, it is very possible AEZS will be over $10 in short time

surprised!

I checked this board many time daily, but nobody talks here for two days!

Does it mean when I am interested in something nobody is interested in it anymore?


Does any one remember that when AEZS did reverse split and price was under $4 I said AEZS would be above $10 shortly? I also gave the reasons why that would happen in that post. Then AEZS reached above $15 three days later. AEZS will repeat it shortly and I will give the reasons why when I get time later sometime.

AEZS management did right thing this time.

Many traders here trade AEZS, but they don't know what AEZS management should do.

1, AEZS is a drug developing company, not a drug producing company, so it must continue offering shares for money until it finishes its development into production.

2, If it stops offering it must mean two things: into production or bankruptcy. No a third way to go. As an investor, I think dilution is better than bankruptcy.

3, For company interest, the management did offering price $5.5 much higher than 52 weeks low $3.19. So, the management wants to do as less dilution as possible. And no alternative cashless warrants this time.

4, two phase 3 trials in progress, no reason not continue. If continues AEZS must do dilution.

5, The question is not if they will do future dilution, but the question is just what deal for the future dilution. So if you hate dilution you will be disappointed again later.

People are surprised with the dilution are immature.

I don't have AEZS shares now yet, but I watch it daily.

60K