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Some one knows how to drop shares at a perfect time, trying to trigger stop losses. Clear interesting manipulation, and lack of buyers. Eventually, this will go up drastically.
TEAM!!!!! I am going to fire off an email to MGT tonight about what they are doing to increase share holder value, and share price. I want to know their game plan.
How are you doing - hows Fam ?
Hey tex - get better bud. Miss you on this board.
Could not agree more. Some one is trying to trigger stop losses to get cheapies. Interesting action. However, based on pr, after eps came out, thought we are in for a more
Bumpy ride but, didnt happen.
And attack for some one to trigger stop losses.. lets see where the day takes us,
Disapointed very but, ebitda is good. Thats one key financial things folks look at. I think tomorrow we will see a attempt to drop the pps, but, folks will be waiting. Do you remember their guidence on eps for 2016?
They did the same thing last few PR's so all is good.
Earnings confirmed today After Close by Laurie.
Interesting pre market action.
Point is - cash is coming from somewhere..aka gold sales.
I dont think so but we will see. Martin told me in an email they pay down debt 2 m each month.. Therefore that money had to come from somewhere..
Email from martin:
The events discussed in the press release are simply normal course of business. Each month we pay down an average of $2.5 million in short-term debt and, to ensure we have adequate operating funds, from time-to-time we renew short-term debt. Normally, this event would not be disclosed in a press release. In this case however, the loan was with a related party and required disclosure.
Whether or not the impairment charge is reversed is effectively a decision of our outside auditors.
Regards,
Martin Jones
Investor Relations
What impairement for q2 ?
Comon give us some damn good news!
No dumping from few of us:) we are in it for the long haul
got your message. We will see what happens. Nagoya stickied your post right before I did.
I am expecting + 0.0-+0.02 . 51 m expenses
What about Q2 finances.. what does your gut tell you they will come in at ?
wohooo labor report!
So they should have 1250 per oz??
Clear manipulation by computers / accumulation. Perfect selling / buying time frames .
I thought they refinanced the old deals with better ones ...
Also - thought 150 was if prices stay low.. More if prices are above certain level..
Time will tell . Even with 1140-1150$ , they should be at ~ 56$M revenue.. As long as they stay under 56 $ expenses, they will be good. Also- they have been paying down debt 2m each month with cash... Had to come from somewhere..
Interesting - you have that many shares and haven't posted here until recently ?
Very cool - you do your thing :)
I am not loosing the faith. And I dont think MILLIONS upon millions will get dumped.
Thats it, i am selling everything!!!!!!!!
Jk... :)
You and me both my friend. Either way , we are up even if it pulls back a little. If they break even or post a profit, it will launch gss level. We will see how they play this out. Even with curve ball, i am hoping at least +0.02
In addition, this is the first time after a nice rise in PPS, it it staying kind of up there. Higher highs... slow and steady..
Get better tex! We miss you on this board!
Probably. Someone got impatient and decided to exit their position . and re-direct their dollars somewhere else
Yep - let who ever wants to leave, leave.
you and I both :)
Sure - give us 5$ a share and we are golden.
before next leg up ?
I dont think so.. even in the email that i got from Martin, they were paying down debt 2M each month... so that tells me they had cash on hand each month after gold sales to pay down debt... I still think we might see +0.02 Eps minimum.
And stock price ended up positive. Kevin likes to bounce from company to company after each time.
You are Very late. Thanks. We saw this as of this morning.
Yep -
I dont think the impairment charges are his fault, however, positive EPS is highly needed. Time to quit beating around a bush and provide positive financial results.
I liked KEvin, it is interesting that he is leaving. However, I think some CFO'bounce from one company to another every 2-3 years in general. No, i dont like that we didnt have a positive EPS and taking impairement charges at the wrong time, so we will see. IF this is what he decided to do, then i wish him best. No matter what, Seems to me that Banro is reacting decently. Interesting things will happen with new CFO.
Yea gold price took a dip, having a hard time distinguishing if folks are exiting or triggering stop losses.
lots of folks exiting.. interesting action.