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And the Indians can Ban Gold Imports because of this nice little law...
http://en.wikipedia.org/wiki/Gold_Control_Act
First, let me say I don't talk BS, even though there is a JD.
Second, http://www.zerohedge.com/node/477636...
Third. Notice the word... "ALL"
The article is also in the Wallstreet Journal, you don't subscribe, you can't read it.
They have a new CEO, he's from NEVSUN if I am correct. The CONGO has no unrest. They went through a civil war just as Zimbabwe did. Now Zimbabwe is a 25 yr strong leader in coffee and African Palm oil and it's tourism industry is growing in significance. The Republic of the Congo offers so much more.'
Trust me on this, De Beers Corp. somewhere, somehow is lurking in the shadows. They caused 75 % of the wars in Africa by purposely outfitting rebels with guns to overthrow long standing governments so they could install mining friendly puppets. Not sure about the whole story in the Congo but I believe the World Bank had something to do with a threat to open diamond mines if Debeers did not stop.
The humanitarian aspect of this discussion as you said is safety where OSHA is not on the spot like it is here; i think you can picture it. Taxes. What taxes? Wages. Extreme poverty level, they have no minimum wage law in The Republic of Congo. Camps and living conditions. Excellent. I read that they give the miners some of the best facilities found anywhere with pool halls, bar, civic arts, holiday celebrations, cookouts, et., really family oriented so they get some serious loyalty from their workforce .
My cousin is an economics geologist in Boston, MA. He specializes in metals and putting partnerships together for some big NY lawfirms as a technical capability consultant. The THM report,,,yeah, that's the stuff he does. I am going to ask him about Banro. I bet he knows a lot.
You're like me, you don't see the value in paying 20-50 bucks for a gold stock that may only double or triple when you can buy one that may go ten fold.
Wonderful, now how do we get around the Indian Ministry where they recently issued a trade embargo for all incoming Gold?
Which do you like ?BAA or THM? I own both, which one do you like better and why? Personally, i am leaning more towards BAA because it's about to open it's second mine and it has higher grade gold. Any thoughts?
I did too, but that does not mean anything. Maybe they did not update the website because there is an analyst geologist and I riips me that i can't retrace the link and I didn't save it that he just visited Banro and the Kenyan site was complete. Maybe he's full of it. I don't know. I did read it and I will post it when i find it...
FROM BANRO WEBSITE
Namoya Mine Development
Development activities for the planned open-pit heap leach gold mine at Namoya continued through the second quarter of 2013 with additional progress expected between the date of this release and the expected completion of the construction efforts in the fourth quarter of 2013, when commissioning is planned to commence.
I know I read they commissioned ahead of schedule in the 3rd quarter. either way 4th Quarter is the latest,,,they move into extraction. So, some sort of pop in revenue i would think would be latest Q2 of 2014.
It was stated already that they are mining the second mine and that's why they estimated the additional 200% revenue for the next fiscal Q.
It's Up now... they are digging as I write. The Q4 question is: how much have you dug up in $$$$?
It's Up now... they are digging as I write. The Q4 question is: how much have you dug up in $$$$?
Proof that the ETF's are taking out the market and the same rise and fall pattern is being followed by the US, we are lagging only by a % and a few weeks...that's what all the big boy analysts are saying. BAD SIGN. Great for Gold where the dollar will take a big hit as well.
Indonesia Market Just Crashed...More to come. EOM.
How can a stock go up when profits go down? Do you understand what is going on!
Clear and cut Ponzi. Watch what happens after this next capitulation, more Madoff sacrificial lambs and the true thieves get off again. Gold is going up. You can bet your farm on that!
http://finance.yahoo.com/news/j-c-penney-second-quarter-same-store-sales-114042323.html
MarketWatch is not reliable; in that article it is based on one editors construct of a global "feely" sentiment. Read the same BS before the last crash, so it doesn't matter.
What is reliable is the math. Have you not traced the Global pattern yet? It's a tsunami building.
Once the regression numbers slap reality up investors head, they will start to withdraw from their accounts before the effect happens that is already happening. Problems arise as the bulls get mauled because the ETF's cause the anticipated landslide on the S&P and then you have the jackal shorts come in to strip it to the bones. Heck I am even going to do it.
Bears are going to get so fat this fall...
GAP DOWN, as in Entire World Markets Today.
That's it, pattern formed.
Gold NOT getting any cheaper, Gold should be up today.
We shall see....
http://money.cnn.com/data/world_markets/asia/
OOppss looks like it was. My Bad. LOL!
Wiseass
I thought your last post was on the BAA board for the night? There goes your credibility... EOM
The day the stock market crashed, it was green and big numbers for two weeks prior. It came out of nowhere...and it will again. So, gold sells off a little more tomorrow. Big deal. What are you chances of buying some serious share volume if not many are selling ona dip. I may take you all day to fill and it may be only partly filled. I talk big shares numbers 100k and up, not small frie 3-15k burger-no-coke change... You want to make some BIG MONEY on GOLD? Buy it now. and don't play that wait and see game cuz it will burn you fast... Let's GET ONE THING STRAIGHT, the market is going to correct and there is nothing anyone can do about it and it's going to happen in a few weeks. The big firms are going to cause the sell off on purpose to rake in the money on the shorts and etf's. The fact that so many Paulson and Soros figures have stopped their sells on gold is the ultimate red flag. It's like saying "too risky from hereon, we could lose out shirt." So, what did they do? They started buying in sneaky lots of 100's from Mid July on.....YOU WATCH GRAPHS, I WATCH WHO'S BUYING. When I see that backdoor low key mularkey going on, especially with day to day bear raids caused by the MM's being fe step downs, I know the big firms are dinking and dunking on every mining corp they get their paws into.
Want to know the exact date the market sees the correction?
Monday, Sept 16th.
Every Fibonnacci Spiral math model I used on the Internet says reset on Sept 16th...., 5 models and all in agreement. The same math model was used by Soros and he nailed it for the UK and the US.
WELL EVERYONE YAHOO HAS JOINED THE GOLD PUMP...
FRONT PAGE NEWS TODAY:
http://finance.yahoo.com/blogs/daily-ticker/buy-gold-now-soros-paulson-done-liquidating-says-164237315.html
Also, if the DOW takes a 1500 point shaving, it's going to be more like a 5000 point shaving. [color=red][/color]No such thing as a slight sell off these days. you can't compare it to 1987, I can sell my stocks,,,,all of them from my I-Phone from Siberia! I see the BS hit the fan, of course I am ! It's people like you and me. We react. And we will again and then some will go to gold for cover. Again, this is the context of the subject matter, the reason why Gold is going up. No correction is going to hurt mining, none. The reason being is the demand will outpace the supply and that will cause a serious GAP, and that, that, that, that is when Gold will jump not 5% in a day, you will the 25-35 % climbs and fast. Look, I took my economics classes in college, I told my family in late 2007 to yank their money and I told them today while they were vacationing in Europe "yahnk your money", especially out of the REIT's!!!! I am never wrong on my gloom predictions. Gold is going up. These Big Green days are identical to August of 2008. Go see the green days and the red days and how the S&P was the canary...and Nasdaq kept chugging along because of a false technical indicator.. You will love me when this conversation is 30 weeks old. I am that confident.
Go back and look at the last correction. [color=red][/color]All the stocks went down including gold, then the bluechips rebounded first. Anyone who went long in gold made out ridiculously 11 months later, first mountain, second came 18 months later and was even higher. So, the whole game here is do you wait to jump on a moving boat, or do you board when it's docked? Seems to me like some people prefer the 1% sure shot over the 100% risk. You will never make any money without risk. EVER.
Throw the chart out and watch the S&P, the big firms artificially pumped it this morning, now go look at the index. Red. same game tomorrow and the next day. Once the small fry catch on money gets yanked and that is the name of the game. DOW will fall under 1500 and down in the 14's this week and the slow bleed will continue...into next and the next... Gold takes off, and it will not matter what gold stock ou own, they all will go up.
[img][/img]
MARKETS TAKING HIT IN ASIA,,,,BIG SLIDE JUST STARTED.....S&P WIL OPEN IN SERIOUS RED TOMORROW... IMO
Asian markets are lower today with shares in China off the most. The Shanghai Composite is down 0.65% while Hong Kong's Hang Seng is off 0.56% and Japan's Nikkei 225 is lower by 0.28%.
Asian Indexes
Oh I can fathom it. It's like a pen of pigs on the beach eating crab and escargo,,,, and in the distance is tsunami and everyone who bought into gold at the gutting low caught the wave already and are starting to ride the buildup of a super nova crest,,,which washes out the pigs and the city that's printing cash to buy them more sea slop....ETF's are halted by the feds and even more parasail down to Gold. Too easy !!!!
JP MORGAN TAKES UP A SIGNIFICANT STAKE IN BANRO Gold (BAA): oh and more news from BANRO. Banro Corporation announces further results from the company's exploration and feasibility infill core drilling program conducted in the last quarter of 2012 at its wholly-owned Namoya project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo. High grade gold mineralization includes 39.60 metres grading 21.48 g/t Au and 6.00 metres grading 16.13 g/t Au.
LOL! I thought same thing too last gold spike....boy did I learn...
Yeah, watch the sting Monday when the stock market take s hit!
Agreed with THM, but I really, really believe BAA is going to be the junior gold stock that many investors pile onto this run. It is just PERFECT.
It has all the features for the fast and furious and slow climbs -- perfect RUN. New CEO that brought NEvsun up from the ashes, 200% increase in production, 35% decrease in process costs, 95% of the mines still untapped, high grade gold, low tax rates, pumped by the World Bank, pumped now by JP Morgan,,,and the analysts are hopping on board. 84% institutional owned.
And the artificial price suppression was so obvious. Many claim it's a Barrick about to be exposed....It's ridiculous how low the PPS is, but Barrick was there as well in the 90's so whatever. I suppose buy or sit on the sidelines and say "what if".... IMO I'll go with the % risk and to me it says almost 100% UP.
BAA is a money making machine that is increasing its revenue exponentially. When the rest of the slow climb primes are $5- $10.00 many will sell and go to junior or what they perceive is a junior. BAA is no junior, it's a prime in junior wool. They will realize it and it will drive the price up fast and hard. I saw this too many times in the past. BAA is clearly going to be the darling Gold stock of this next Gold stock Run...I don't see anything near it. Nothing... for the value.
Easy $1.07 to $1.10 on Monday. 12% -18% gain IMO
BAA? Agreed.
It's going to explode.
It has all the chart indications of a super-coiled stock.
Made a mistake about the PPS of 15 dollars, it was that PPS 6 yrs ago...last year it was around 5.50 PPS. But again, the profit margin and the new mines openings were not there..NOW THEY ARE !
I remember a few darling Gold stocks 2009-2011,,,this one is DEFINITELY GOING TO BE THE GOLD RALLY DARLING. JP Morgan doesn't lose, the Corp will pump it faster and higher than most Juniors, actually after this run it will not be a Junio any longer. Wait till the Market sees what is about to happen. It is going to get ugly and fast! IMO
WORD WILL GET OUT...The Junior Gold stocks will be far hotter than the Campbell Soup commons. I think a lot of Investors are going to jump on BANRO once they realize the cost/profit margin justifies the company's PPS to be much higher...if gold hits $1,400.00 watch the PPS go to 3.00 and if it goes to 15 then to 5.00 and so on and so forth, same for many other gold corps who are mining...
BANRO, BANRO, BANRO,BANRO,AND MORE BANRO !!!! You will get sick of seeing it top the % gainers after next week...it has a ton of leg room and it is THE PERFECT GOLD CORP STOCK TO OWN, RIGHT NOW !
1. 95% of it's reserves untouched
2 Turning in a profit
3. Improved process and reduced costs
4. 3 new veins open up this Fall
5. New Dir., Chair., etc.,
6. A lot more Institutional investors flowing In
7. Contracts until 2026 and more to come
8. Artificial supression of PPS under $1.00
9. Best quality gold
10. was $15.00 PPS 2 yrs ago with far less revenue and process achievements
Hey, I can go on and on about this one, but I will take it over IAG or AMV any day: fresh legs, more room to run and much faster it will get there...
And if you don't BUY just keep watching. FYI: make sure you're sitting down though and not looking at your i-phone next week to check quotes....it will help. IMO
ALL: Do not worry. BANRO is like any seconds seed, all the big corps like GC and IAG and Yamaha, Eldorado get first look and dollars. Once they venture up, the first money ins sell and move to the next tier,,,like BANRO!!!!!!
They then start buying BANRO up. big time and all the other investors join in.
Heck I saw the pattern work to the "T" 2010 to 2011; so load up as much as you can. YOU WILL NOT SEE IT UNDER A DOLLAR AGAIN, even after an orchestrated massive short sell by the big boys,,,still far higher... My Opinion, if events stay on course you are looking at 15-20 dollars PPS. More than 2011 because back then they were not even turning a profit like they are now....and you don't think firms don't realize this?
You bet.
That was me... I know the final sale price and even the date., oh and the short that JP Morgan and Goldman Sachs will take to make the dip to vacuum more then pump for another 500-700%...Oh Indeed I know. See you above 15! No joke.
I have been keeping tabs on BANRO and THM for some time now and BAA is ahead of THM for now. I like BAA to be the best % bang for the buck out of 85% of the AU stocks out there and the reason why is I concur: perfect storm. Increased BAA production, reduced process costs, beat the street in the financials, gaining 100 day moving average traction, three new strips being excavated this fall to add revenue...then add to that the Chiese Market in s death spiral and artificial gove., pump at market close, public concensus that spending is down, Chinese inventory takes an even bigger loss margin due to reduce US sales, add to that the dumbest move of the decade in stagnating the economy by a filibuster Congress that can't vote on Sequestration, many unemployed and still unemployment, Chap 11 Detroit and more to follow, the projects are filling up at an alarming rate, banks not paying any interest and charging fees and money laundering overseas, SEC still not taking action in super computer trading and unfair shorting hedge fund circles, control of the financial media for corruption (a solid stock great one day, Foolish the next) what????, then add to that a rising interest rate to stagnate a condo building economy and now FNMA and FMCC (in the midst of a retarded restructering) taking the feds out of debt will lose significant revenue, overpriced stocks with hedge funds and MM's taking up HUGE short positions and on and on and on..heck, not only should you be buying gold you should be borrowing against the S&P. I am.... Watch Gold go even higher this time around and the S&P to take a bath the likes of which drive MM's to Home Depot to buy rope..... I know this for a fact because I predicted the last crash to the month and it happened and this one is happening RIGHT NOW, the real drop comes when the Feds make a miscalculated statement and they will...any day now. Watch the needle on the record, same groove, same song I have the words memorized. Yes, I am a millionaire...la la la lalllalalalala hahahahah....
Yes. BEST BIOTECH STOCK OUT THERE...PERIOD ! SO MUCB POTENTIAL IT'S INSANE !!!