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Now tell me...just how do you feel about that? LOL. Good luck waiting for your .16's.
Agreed. ER's never seem to have a good market reaction whether it's good news or bad news, so I expect a pullback since they didn't knock it out of the park. I'm not sure how far it might fall, but the things that could help keep this up are the price of gold, the conference call and also how soon they announce the finalization of the other two forward gold sales.
I love their forward guidance, and there is no doubt in my mind that in another 3-6 months I'll be way in the green!
I'm in the same boat as you. We've been through trading halts this past year in BAA. ER being late isn't near as gut wrenching.
Yes, good call on Q1. What is really going to be exciting is when they get Namoya producing like Twangiza. Holy cow is that going to be fun when that happens.
Also, with the extension to delay ER, do you know if their is a new deadline that has to be met? I didn't know if maybe they're granted 7-10 days...or maybe more? Not sure about the rules and regs in regards to ER extensions.
They did say "intends to release" in their 3/31 PR. Do you think they might delay until tomorrow morning? And if so, would they then have to delay their conf call?
I think people today are starting to realize whether it's .20 or .25, it's still way undervalued. If I had more that $16.31 in dry powder, I'd be adding more too.
IMRS kind of pulling back again. Volume pretty low though. Hopefully .80 holds, or we might be seeing the 200 day again.
Maybe still some people waiting to see Q4 ER? I'd like to see it higher too, but I'm fine with a steady climb too.
Namoya still produced more in Q1 than they did in Q4, and they had at least 2 weeks of downtime between Jan and Feb (as stated in today's PR). I'm sure that aside from those 2 weeks, that there were probably a variety of other short-term stoppages during commissioning, wouldn't you agree?
Numbers look just fine for me.
I hope they release during the trading day myself. Fidelity does say under Events that Q4 ER will be Aftermarket today and then is says Confirmed in parentheses. Not quite sure how they'd be privy to that info, but just communicating what I'm seeing.
$BAA Crushed it again. 3 Q's in a row now.
Here is the link to braised's post regarding Gramercy ownership.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112361729
I think it was braised that posted on this a few days ago. He had done some math, and was able to calculate that Gramercy holds pretty dang close to 20% of the common shares. They lose their voting rights if they go over 20%. His thought is that they might be needing to sell to stay under that 20%.
Also, 300k shares for them dumped is chump change. I'd be nervous if all of their transactions as of late were in that 1.4M range like we saw in early March.
I think a lot of people are trading out of IRA's where they aren't subject to the taxes on their gains, so short or long doesn't matter to them as long as they're in the green.
I think other people enjoy the flipping and the action. Earlier this year I was playing some ETF's and ETN's just for that enjoyment. You can win (or lose) big really quickly in some of those.
As for my account though, it is an individual brokerage account, so I am set to make a choice for long-term or short-term gains. I too have tried doing the math, and can never really come up with a good answer.
To date, the only shares of Banro I've sold are some .14's I snagged last fall. Unfortunately, I sold those prior to the Feb 27th PR, but my only reason for doing so was because I had almost 100% of my account in Banro at the time. I didn't want to have all of my eggs in one basket. Also, I have not bought another Banro share with those funds...so I guess I didn't really "flip" them.
Now for all of my other shares...About 75% of my account value is in Banro. I have two blocks of long term shares, and 4 blocks of short term shares. I believe in this company, and I'm okay holding for the long term. After next week (or at least after the announcement on the other $80M in forward gold sales), that might tip me one way or the other. I honestly see no reason this stock shouldn't be in the .40-.50 range. If we get there, then I'm staying put for the long haul.
However, if we start stalling out in the high .20's or low .30's, selling some of my .125's might start to look appealing. The only reason I say that is that I have enough .125's that I could get rid of just some of the shares in that range, have my original investment back, and then be riding freebies from then on. Those freebies would still have me at an average of under .30 per share, and those I'd definitely hold on for long term...I'd just let it ride from there.
Yeah, sure looks like someone wanted to lock down a close of .20 or lower. I'm not worried about it though. I still believe ER will be positive, along with Q1 results. I do hope that they wait until after market open on Monday to release this info, but I hope they get it out there within a couple hours of open too.
I agree SilveRay, but correct me if I'm wrong, most of those shares are owned by Gramercy correct for the $35M liquidity backstop that they provided Banro last August? As I recall, those could be converted into common shares at a .27 canadian price.
I've emailed IR regarding MSN and Morningstar showing Blackrock now owns approximately 215M common shares. I still believe this is a typo, unless somehow some of their preferred shares could be converted. I would think that there would have been some sort of filing that would have indicated that though, and I would also think that we should have seen the common shares go up to some new number.
Also, if Blackrocks position at 215M was known on 12/31/14, Naomi I believe would have responded accordingly on 1/6/15 when I asked specifically about shares, and if dilution was an option. At the time of that response, Blackrock only owned ~10% of the common shares, but owned something to the tune of 63M preferred shares.
This action is very similar to what was going on up to the PR released on 2/27. Someone is accumulating.
Monster bid support here. Unless there is a ton of dumping, this won't be falling too far.
Oh, I know about the speed bumps buddy. I think I showed up in Banro about the same time as you did last year. I've got to admit, I find some of the recent posts amusing watching people panic about a X% drop in a day, or about a PR being too late. I think some newbies got in looking to flip for what they thought would be a quick 100%, and then got stuck. It's probably a good thing that some of these folks weren't around last March in the .60's and .70's, only to watch their investment drop as low as .115, otherwise we'd probably have 100 tegrity's on board now. LOL
I looked back through Q3, and it looks like Banro had about $4.5M on hand at the end of Q3 between cash and bullion. I also saw in the Q3 ER that there was a comment regarding the $35M backstop..."As of the date of this press release, the Company has drawn the maximum amount available under the facility." So I'm assuming that means that ~$2M they had in cash at the end of Q3 was all that was remaining from that liquidity backstop.
The price of gold wasn't really favorable in Q4, so I don't think we'll see the average of $1233 like we saw in Q3. But I would think it should be just shy of $1200 (I'll say $1190 +/- $10).
I'm still sticking with a positive EPS, but you do bring up some good points about a lot of unknowns regarding Namoya. Either way I guess nothing has changed on my end...every day gets me closer to the next PR and gets me closer to my .125's being long-term shares.
Tech - I think you accidentally included a minus sign in your estimates. LOL. Do you really think they'll post a negative EPS for Q4 ER? If so, do you mind running through some of your calculations?
If gold keeps falling, we may see .19-.195. If gold starts holding steady I'm guessing .205. If gold rebounds and gets back up towards $1200 I say .215.
POG right now $1184.
I agree. I think .03, along with an update on Namoya.
I saw that too, but that has to be a typo. That would put total shares owned way over 252M. Also, I included a post here in an email from Naomi from Jan 6, 2015, and she did not list those numbers for Blackrock. The date on Morningstar showed 12/31/14, so she would've known if another Blackrock entity would've taken a position...especially one that large.
I don't think so. Some people don't hold through ER though.
No, I don't think they'll be bad. I'm kind of with you. If abc was long some 650k shares and is now out, that would surprise me. He may just be f'ing with Keyotee though.
I've still got my shares...will hold through earnings and the string of the next PR's that are upcoming.
ABC - You sold all of your shares?
I was a little surprised to not see it move a little higher today. That said, today was still a good day. The daily chart is primed, and we've cleared and closed above some key resistance levels now. A lot of potential with this one.
IMRS - Boy, those bollies really started to pinch on the daily chart here. MACD going to be crossing too. Saw a little better volume today. Just wondering if the explosion upward will come on Friday, or if it will hold off until next week?
Braised, I also received the same response today (although it came from Martin Jones...must be a new IR person, or someone extra to help Naomi out). So they plan to file, so we should see them Tuesday...just might not have a conference call by then.
It is the Company’s plan to file the year-end 2014 results on March 31.
Regards,
Martin Jones
Martin Jones
Chairman, Banro Foundation
Banro Corporation
Description: Description: Banro Header II.jpg
1 First Canadian Place, Suite 7070
100 King St. West
Toronto, ON
CANADA M5X 1E3
O: 416 366-2221 ext 3213
C: 416 500-4422
F: 416 366-7722
Skype: martin.jones880
mjones@banro.com
Visit our websites at: www.banro.com,
www.loncor.com, www.gentorresources.com
and www.delrand.com
Blackrock Ownership
Morningstar has to have a typo, as there aren't even that many preferred shares. Here is an excerpt from an email response from IR (Naomi) to me on January 6th, 2015.
The corporate structure is as follows (from the Q3 MD&A):
252,100,672 common shares
15,807,349 options
63,000,000 convertible preferred shares (owned by Blackrock, Banro’s largest stakeholder)
116,000 preferred shares – Series A
BAA - What is your definition of super? Earnings will beat analyst estimates. They should post positive earnings in the .03-.05 range. This weeks activity has been very similar to the activity just prior to their PR at the end of February regarding their forward gold sales.
This one is set up for what could be a string of positive PR's in a 2-3 week period. We will have Q4 ER next week, we should see Q1 results around 4/6, and then we should see 1 or 2 PR's by mid-April (that's a guess on my part) with the closing of the other two forward gold sales.
Keep in mind that in addition to that, we could get an update at anytime regarding enhancements at Namoya, or plans at either of their other two mining locations.
I have to admit, I was curious about that same thing with the candle body gap. I expect the price to climb into earnings. The one thing that I think would close that candle body gap though is if gold retraces back to those $1140 levels. I'm still okay with our sideways trading though up until earnings. At that point I think we can see a pop and a gap in the chart that might not ever fill.
Last year BAA PR'd on Tuesday, 3/25 that they'd release ER on Friday, 3/28 with Conf Call on Monday, 3/31. I'm guessing that we hear an announcement tomorrow of when 2014 ER will be released, and the date and time of Conf Call.
Exciting times!!!
If BAA can by chance close above .216 today, it looks like it will be the first time it has closed above the 200dma since the fall of 2013.
$BAA - Broke .22. Looking to close over the 200dma, hopefully coupled with gold closing over $1180.
Now I just need my IMRS to move.
Agreed. The ask has been getting hit hard here. Shorts covering, and I believe others trying to get a position (or add to their position) prior to Q4 ER. We are in good shape here!
BAA at HOD!!!
BAA - PSAR flipped on the daily. Looking good. A close today above the 200 dma would be awesome, along with Gold closing above 1180.