Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Interesting. Mostly sellers today yet baa went up almost 5%.
Interesting. Buyers or sellers today? BAA went down almost 5%
The devastation caused by "Maria" is compared to those hurricane "Katrina" in Louisiana in 2005. Reconstruction will be a hard-to-get-for-to-handle effort, with the island's seclusion, the weak infrastructure and the high debt of 70 billion dollars (around 59 billion euros). Puerto Rico's governor and head of government Ricardo Rossello warned of a "humanitarian crisis" on the island - she would need full support from the US government. "We need immediate action now," Rossello said on Tuesday, "people must not forget that we are US citizens - and proud of it."
The damage caused by storms, wind speeds of up to 260 km / h and heavy rainfall could be as high as 80 billion dollars (67.7 billion euros).
This is about a seventh of the American annual military budget.
What does BAA have to do with it? It has to do with the dollar.
And perhaps with the gold price.
America can not help its citizens efficiently because they are not important to them.
The money is invested in war.
Trump wanted a cheap dollar. Now he has him.
For companies like BAA, a cheap dollar is not positive.
They sell gold in USD. If the dollar is generally weak, then it will be more expensive to pay the wages in local currency.
Higher bribes will also be required.
They are not stupid when it comes to money. All purchases in the local currency are then also more expensive. Understood, or not?
Are you worried about your short position? fun
Later my opinion comes. If you are interested in.
Small explanation. When Banro gets up, I'm happy for the Longs.
I then may have a short position.
I do not bet on peace. I am only for peace, but many are not.
So it does not matter how much gold is there. If Banro can not produce, then it is worth nothing.
If it becomes peaceful, you will need a lot of money for it.
This is not news. But more or less acceptable summarized.
But for me this passage is interesting.
..................................................................
These groups repeatedly complain against Banro for what they consider displacement and a lack of jobs for area workers, particularly the miners who had been working on the area before the company started operating there.
...................................................................
Because it is directly, against the company. And no coincidence of violence and robbery.
This could also affect Twangiza. My opinion.
A summary of the situation in the Congo where Banro operates.
Cecilia Jamasmie | Sep. 25, 2017, 5:59 AM | |
Banro halts gold mine in Congo as access road blocked Banro halts gold mine in Congo as access road blocked
Namoya mine. (Image courtesy of Banro.)
Shares in Canadian gold miner Banro Corporation (TSX, NYSE:BAA) were down Monday after the company said it had temporarily suspended operations at its Namoya gold mine in eastern Democratic Republic of Congo as the access road was blocked.
The Toronto-based miner said the measure was taken after violent groups blocked the access road to the mine, preventing essentials from reaching the operation. Banro added it has taken steps to ensure the safety of its personnel and the integrity of the Namoya mine.
"The incident is the latest in a string of direct and indirect violent acts against Banro's operations in eastern Congo."
Operations at the company's Twangiza mine in South Kivu province have not been impacted, Banro said.
The incident is the latest in a string of direct and indirect violent acts against Banro's operations in eastern Congo.
In February an armed attack on the Twanziga gold mine, another Banro property, left four dead, including three policemen.
Only a month later, five workers including a French national, three Congolese men and a Tanzanian worker were kidnapped from Banro’s Namoya mine. And while the Tanzanian hostage was released shortly after, the other four remained captive until late May.
In July, the company also had to suspend operations at Namoya and temporarily evacuate employees after learning that 23 trucks belonging to a contractor were caught in crossfire between soldiers and a local self-defence militia near the town of Lulimba.
Banro operates in a particularly violent area of the Congo, were militia groups are still active despite a peace deal with internal rebel groups signed in 2002 and the official end in 2003 to a regional war that killed five million people.
These groups repeatedly complain against Banro for what they consider displacement and a lack of jobs for area workers, particularly the miners who had been working on the area before the company started operating there.
Shares in the company, which also announced today that Peter Cowley was leaving its board of directors, were down 1.55% to 37.4 cents in New York at 9:49 AM. Year-to-date they have fallen a more than painful 98%.
Link http://www.mining.com/banro-halts-gold-mine-congo-access-road-blocked/
badge0913 No, that was meant differently, I explained to SIO.
I do not believe in a positive surprise in the production figures.
what "essential stock" supply is
I could use my Chinese contact address to ask.
But I guess he does not know for himself.
Yes Sir, Mid October.
That should be curious, not exited, sorry. No, I invest in BAA
no more. It's only interesting for me, if they play it high.
I believe that no one will be enthusiastic.
Time flies by. I think it's next week.
I ask again. Does anyone have courage to bet?
Production for the quarter. Production for the year.
Total loss? The next gold advance sale of Namoya could be a problem if the mine remains closed.
What is the next financing for losses?
Has anyone here an idea?
I have only 7 postings today, I can still.
Do not let yourself be caught up again. When BAA also rises.
Only the announcement which I posted has to give you to think.
No clear statement. No estimate for the length of the interruption.
Perhaps they must fear the possession of the mine.
This does not sound good, to ensure the safety of its personnel and the integrity of the Namoya mine. These are not just blocked streets.
Who now purchases BAA must have some damage.
And the management is always lying. At the interruption of 8 days of Namoya.
Then they said that Twangiza was not affected. Lie! When they were billing, they said the opposite was true.
I would give you some advice, learn to read.
What is "essential operating stock," supply of which has ceased to Namoya?
I'm just saying this does not look like an 8 day break.
As in the last quarter.
But I'm sure this is not relevant to BAA longs.
Wuppi di pup
And where is Kpi, actually? No Public Relation?
You have green. 0.39% up,despite terrorists.
I've written to you ... Be happy with your 38 cents stock. And are not you happy? You've won again since these weeks. BAA has flown to 0.3815.
For many here to 3.815 cents, previously 2.5 cents. I'm talking about the old longs before the split.
But you can be confident, I sell your shares only when they rise senselessly.
So far, I'm not selling short. I was stupid not to do it at 60 cents.
But I am learning . Next time I use the opportunity and borrow your shares to sell them.
And for newcomers here who read this crap.
Buy other goldmines, avoid Banro.
For short traders ... wait for the right moment. Banro always has high volatile outbreaks- Then she falls. Do not buy back too early. Renew your stop mark. It falls, trust it.
Or look at the charts.
One thing I still have.
Why should BAA rise at a higher gold price?
If they produce less and less? In both mines.
How should they come to equipment when the roads are blocked?
They had already, without civil war, problems to get something terming right.
There are no comments from the management of the improvements at Twangiza.
No explanation why Namoya also falls back. With only 8 days interruption this setback in the rain free time.
I tell you Banro should dig for rare earth, manually.
Should find silver, copper and zinc and tin like other mines.
If they give it all away or act under the table, it is not good for investors. I know they are lying.
In about 14 days we should get the production numbers.
We are at the end of the 3rd quarter. The new interruption can not affect the results of Namoya. Not in this Q.
I am very excited about the results of both mines. It was also not a rainy season.
This starts now.
Are there bets for the production numbers? Would be great on this board.
Because of the company one gets never hints whether they are satisfied, before the evil surprise.
p.s.
OK. The production figures and the financial results are usually delayed. Thus, with 14 days is an approximate announcement.
Hence it went up to .41 after it became news.
You forgot.... bad news.
How do you explain your contradictions?
When the Goldprice was highest, BAA is back to 38 cents.
And with the bad news she has risen?
I do not believe what is written here.
Just an opinion, but today and perhaps tomorrow will be another opportunity to by baa at an undervalued price.
And did you buy today, and are you buying tomorrow? You should if this stock is undervalued for you.
Is it too personal when I ask how much you bought today?
You have explained it better than I am, what rebels are.
And a civil war and insurgents are not terrorists.
The only babbling of idiotic mainstream consumers. For them an accident is now also a terrorist act.
This is not a one-time thing as some people here want to explain.
For that I do not blame Banro. But perhaps they should have trained security personnel, not just engineers.
Then perhaps no people would have been kidnapped. And also no people murdered.
Are these people at all criminal? There is also legitimate insurrection.
We do not know it. We also do not know what they should suffer through the government. Such counter-defenses also lead to the suffering of innocent people.
As by American warfare against fictitious terrorism.
This is called collateral damage. But is only legitimate for governments.
I have been waiting for some time that Twangiza is also closed.
Last time Twangiza was not affected. But in the financial report very well.
I'm waiting for the next excuse why Twangiza could produce less.
And thanks for the Link
The rats are leaving the sinking ship.
Only my opinion must not be so.
But the motives of buying this BAA stock
are enormous.
Banro has developed from my dream share into a nightmare stock.
This is not because of the renewed interruption, and the political situation.
This can change. But this company management is the last one.
Probably irrelevant for longs. Just a guess.
If I still hold BAA shares long it would be very relevant for me.
Not a guess, I know it.
Suppose the ill-named TERRORIST situation was never abated.
I remember well that you were almost the only one who did not accept this idiotic term.
Thanks for answer
If the news from the morning in the afternoon are old, it would be good to post them in the morning.
I had no time.
Perhaps BAA Longs need a little longer to react.
Did not I say it? If by Banro news, then bad.
September 25, 2017
Banro Provides Update on Namoya Mine
TORONTO, ONTARIO--(Marketwired - Sept. 25, 2017) - Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) reports that as a result of the closure of road access to the Company's Namoya mine in Maniema Province of the Democratic Republic of the Congo ("DRC"), mining operations at the Namoya mine have been temporarily suspended. The road access closure is due to the activities of local groups against both the local populations and against the DRC national army, and has resulted in the depletion of essential operating stock at site. The Company has taken steps to ensure the safety of its personnel and the integrity of the Namoya mine.
The Company looks forward to a resolution of the situation, and will provide an update as additional information becomes available.
Operations at the Company's Twangiza mine in South Kivu Province of the DRC have not been impacted.
The Company also reports the resignation of Mr. Peter Cowley from the Banro board of directors. The board wishes Peter all the best in the future and thanks him for his contribution to Banro over many years.
badge0913, agree, well said, thanks
The value of gold is overestimated.
Only if you value it, it is valuable.
There will never be a gold-covered currency. There is not enough gold for this.
Gold has become a psychological investment.
I agree with you when you describe what you need to survive.
Absolutely well described.
And I want to add something.
It would not be bad if people can do more than fumble on their smartphones.
The debts goes up automatically. You should know that.
How should the US reduce it? With more soldiers in foreign countries?
The war machine can not be returned.
There is no work in the country,and not for soldiers who come back.
Now there are already millions of Americans who receive food aid.
America threatens a downgrade by rating agencies.
Then the debts become more expensive.
The whole world is overburdened. That did not really help the gold price.
It is manipulated like the markets. It depends on what they want to earn, and when.
I'm not 100% confident in BAA management.
How many percent are they?
I'll tell you mine, zero.
And to your last sentence, I would change.
If Gold goes up tremendously BAA could rise.
This is more realistic.
And for gold my estimate is up or down 50 to 50. Currently, it looks falling.
There is more capital in the world, than the total income of all the people of this world.
That is unhealthy. We will suffer from it. How, when and who, that is the question I ask.
We may have been educated, but heart-building has been lost.
That will cost us dearly.
Be careful. Do not risk too much.
Do not be greedy. It can become quite extreme in any direction.
We are ruled by lunatics and they are characterless.
The game can go on, who knows how long.
But the end is not good for all of us.
Create small ways to help you in days with big changes.
No Yen, No Goldprice, No Charts, only the way to survive will play a role.
No, I'm not crazy, I just watch everything and think about it.
And now to the end of my complaints.
Banro is dead. For me. As long as they have not apologized.
And as long as they do not inform us.
They have cost all the faithful small shareholders the entire money.
Do these still have money to buy BAA after the split?
I do not think so. Do they have new confidence? If they're stupid yes!
Perhaps still playing with the stock. I do not know. I do not risk a cent more.
If it is raised, I will sell it short. Also at a high gold price.
With mines which have a management which is acceptable I will go long.
I do that already.
Banro can be traded, but not invest in it.
I have checked other mines. From all of them you get location reports.
Not from Banro. Is that normal?
Think about it and do not make the same mistakes again.
I can not be deceived twice by a deceiver.
There are mines that make profit for years, and are still at 3 to 4 dollars.
Some have paid dividends for years, yes to you, not to the privileged ones.
If you are waiting for BAA to be at 4 dollars and pays you a dividend then you are old and gray.
We, who bought before the split, have hoped for a dollar. Correct?
It's over. If BAA should make a dollar for these investors, then it has to be $ 10.
Not in life.
Let's put ourselves in BAA management shoes.
If one wants that, one must be characterless.
You should know that I was a real fan of BAA.
And I was also a loooong. But too long. I was lucky and bought cheap.
But I almost lost all the great profits, by my confidence.
It was not just the rebellious who harmed Banro. It was the deception of all small investors.
No communication. Ever worse production. Always only bad news and everything with delay.
And the answers I got from the company are a comedy.
The company was never interested in small common shareholders.
Thanks for the reply, that makes sense.
Be careful with BAA, I know the management now quite well. I had a lot of conversation. This became worse and louder.
I must say something else.
BAA has tripled at best. When I bought it with 15 cents I could get the best price at 46 cents.
Then down to 8.3 cents, and split.
And then to 2.5 cents !!! for the super loooongs.
Why not again. 25 to 75, then to 8. Would be a nice repeat.
If gold does not explode, but falls, then that is also a variant.
And if BAA goes to 75 cents, wow! Then investors before the split can sell the stock at 7.5 cents!
The investors after the split can make the same experience.
Those who bought with 80 cents are already in the fortunate position to sell with 38 cents. I'm waiting for the next late news from Banro.
Elevation...There were lots of loooooooooooongs on this board.
They bought between 15 and 40 cents.
The shares of these losers are now 3.8 cents worth.
Do you have news from the company? Do you have a motive to buy this stock apart from the gold price? Then tell me.
If I understand you correctly you are now a super loooooooooooooong.
Then you bought with 25 cents, and at 60 cents not sold?
Then you recommend to buy with 33 cents? And sell at 2 to 3 dollars, or later? After the end of the year.??????????????
How do you know? I dont know.
Maybe 1 dollar? maybe 10 cents?
Does not matter. We do not know it!! Trusting this company was a risky thing. Result are losers.
This can be repeated. I have not seen any positive buying impulses.
I do not go to the animal shop, and buy me a parrot that is cheap, because he can not speak.
Tomorrow he can be dead.
It did not matter, and no matter what Trump says now.
Tomorrow, his Cabinet says something else.
$2-$3 is likely at the end of the year
Therefore, the high insider purchases. Now I understand.
tomorrow I will buy
No state in the world goes bankrupt. Condition is, you can print your own money.