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Me neither
Nice. More and more insider buying every week it seems.
Yep. Apart from Loncor, Kilo and Banro I'm struggling to come up with other miners in DRC? Loncor and Kilo are nowhere near production?
Yep. Last remaining weak hands too I imagine. True value here is at least $1. Should be hearing about Namoya very soon now. I took at look at Eldorado gold history last night, and they were around this SP level in 2001, producing about 150K ounces of gold that year. Once production and POG began to rise, they were $5 - eighteen months later. They eventually reached $22 eight years later. I'd wait 8 years for BAA to get to $20. $6 million is worth waiting 8 years for :)
Nice :) The fact of the matter is real wages have not risen for decades, whilst everything else has. And less Amercans are working now than for the past 40 years. The Labor participation rate is at 40 year lows. Think Americans dine out and vacation more more than they did 10 years ago. No way. Its all propaganda.
I personally think the dollar component is always exaggerated. Gold can easily rise with the dollar, which it has done plenty of times historically. Although overall the correlation is more positice than negative over the medium long term. All the talk now is of recession, so global uncertainty is rising every week now. In fact many countries are already in recession - Australia, Canada, Brazil, Russia, Venezuela for example. Regards China, sorry but I do not believe their economy is in anything like the shape they claim. How can it be when commodities have collapsed in price (due to the collapse in western demand for Chinese goods) and they have all these ghost towns. Add to this the escalating problems in the middle east and its hard to think of a better environment for gold. Maybe thats why Drukenmiller just shelled out 300 million on gold - around 20% of his portfolio allocation. I say it again. The so called recovery we have had since 2009 has been 100% fake. Its all propaganda. Most people are worse off now than they were.
Me too. Honestly the lowest figure I can come up with at this time is $1. Thats with BAA at is now, not with higher POG and Namoya etc. book balue is nearer $2, but its true most gold miners are trading under boom now - thats how crazily undervalued the whole sector is
Lol. Zoso or whatever it spells
Lol. And I'll get one next to my Led Zep tattoo that I got when I was 18!
Yeah I think announcement on full production is close now. And JV with Randgold certainly makes sense. Nothing would surprise me. Could even be an Anglogold buyout who knows?
Man I love this company. I don't know what it is exactly. The community we have here, the rollercoaster ride, the drama, the entertainment. Nothing like having skin in the game and at 225K shares thats some skin for me ! Tantalising - you can almost taste the potential here...
Too late now. Namoya's built and going commercial this quarter :) Its the junior explorers that have the problem now - their projects wont get off the ground. Beautiful timing for Namoya. Go BAA!
Interesting. Forgive me I'm not great at reading these ones. Are you saying you expect GDX to drop to 113 before bouncing to 125?
BIS / Fed attack on gold again. Yawn
See what you mean !
BAA is without doubt the most undervalued gold producer in the world at this time:-
AISC $643.
$90 million financing received May 2015 to complete Namoya construction and ramp up.
Second mine Namoya now commercial.
Q4 net cash flow positive.
4 mines identified, 2 in operation.
Highly prospective gold belt with 100% ownership and less than 15% of land explored so far - growth profile is phenomenal. Conservatively, they are sitting on at least 10 million undiscovered ounces.
Book value $1.95
Debt to equity 0.4
POG 1180. Didn't think this rally was over, not by a long shot.
Hell yes!!
Yeah I agree, but I see time for a rise before December anyway. Like someone said its all about POG in the meantime, and I believe this POG rally still has some way to go over the next few weeks.
Sorry yes Coyote
Yep. That is exactly the impression I am getting here. The shares are now almost all in strong hands. Sellers are few and far between, so when buying volume inevitably rises with all the upcoming Namoya news, we can expect something special. BAA long and strong
Remind again how much you lost on MDW?
Within the next few weeks I am guessing
Yeah I agree. He seems genuinely positive about Banro. Nice attitude. By the way cheers for posting the email and the those maps of the gold belt.
BAA is without question the most undervalued gold producer in the world at this time:-
AISC $643.
$90 million financing received May 2015 to complete Namoya construction and ramp up.
Second mine Namoya now going commercial.
Q4 net cash flow positive.
4 mines identified, 2 in operation.
Highly prospective gold belt with 100% ownership and less than 15% of land explored so far. Conservatively, they are sitting on at least 10 million undiscovered ounces.
Book value $1.95
Yeah I know its crap. I wouldn't use Ihub for data!
Forget the data. Its about opinions and information
Nice.
Good points. No question in my mind that the stock is clearly being held down. The fundamentals say this stock should be trading over a dollar right now. The buzz on Ihub and elsewhere is pretty much constant so its not exactly under the radar. Its clearly being manipulated / suppressed No question in my mind. And yes, Gramercy / Blackrock seem the likely culprits. No point in complaining to Sec. These people own Sec. In Soviet Russia, they used to execute people for 'economic crimes'.
Lol. I believe he is known as gelding in these parts :)
Yes!
True true :) But I'm not going to sit here in my armchair and say 0.30 by next week or whatever. One thing I do know for a fact is that by any measure BAA is severely undervalued.
Confucius say man who make prediction make fool of himself..
Does this mean you will refrain from posting if this does not happen? Two weeks maybe?
Yeah not bad. How many shares do you have?
I would do if I had more dry powder! 225K shares for me.
Yes. Its really quite remarkable. Here we have a junior producer currently making the transition to mid tier, with the assets of a major. TRADING AT 0.21 CENTS! Is it me? We should be trading well over a dollar right now.
Just waiting to add on the dip. If it comes..
Interesting that Sibanye Gold has just put an offer in for Aquarius Platinum. Extremely wise move with precious metals prices at these levels. If Randgold CEO has got any sense he will be talking to BAA right now. Or he can wait and pay a few hundred million more in a year or two...
Looking for the most undervalued gold junior in the market. You came to right place! A dollar here would still be way undervalued. Thats how undervalued this is.