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.
Traders selling the Market and buying Gold miners @ lifetime low valuations! This trend has a long way to go! It's a prudent and smart place to be considering the backdrop of the economy and international politics.
get ready BAA Breakout did not begin yet!! Its going to be a HUGE MOVE HIGHER!!!
BAA has 1 Sexy-Ass Chart! Full of confidence too! She is a beauty!
looks like things are starting to go our way!
Banro has found it's footing creating a channel of support in the .13 to .16 range.
Insiders usually buy when they feel the outlook is so incredibly stacked in their favor, they can only make boat-loads of money.... Its one of the best signs you can see in a stock. Yes the insiders know things about Banro, we won't even come close to knowing.....
Still within noise and normal trading, not anything obvious just yet, I expect the DOW to sell off, the early indication up will be a dead cat bounce by EOD...
this baby is about to take off in a BIG way!
Surprising great close going into the weekend! It's been a really really long time waiting for this! Usually it's depressing going into the weekend, looks like Banro stock has a New Years resolution to fulfill!
you are missing the biggest opportunity of your lifetime here, don't miss out on Banro the Big one...
I can hear the drums getting Louder! BANRO IS COMING!!!!!!! dum dummm dummmmmmm repeat...
Go Banro! BAA Long and Strong!
Banro will lead the recovery in the mining sector that is now materializing on lower fuel input and higher Gold prices.
Silence is typical for a true bottom like this one. Even the most tried and true supporters are SHELL-SHOCKED!
looks like a rising consolidating triangle breakout!
Days of 15% & 20% gains are approaching us, Banro stock will go into hyper-drive as the sector gets hotter!
Those guys make no sense, they say they are invested, and keep going on and on about negativity, and miss the good points like sitting atop the 50 day moving average on high volume and actually going into a weekend looking pretty darn good for once. Also productions numbers that are increasing will amplify the gains by many multiples. Don't forget Gold is actually looking promising too. Just those two dynamic, ever-changing and fast moving variables change the outlook in a jiffy, not only will they have the money they need but plenty in excess too if the trend stays like it is today, but its all going over their heads. Maybe they sold and want to buy back cheaper.... Just let it go, they don't know what they are missing the bottom is clearly taking shape.
Whats the story with the other similar beaten down miners like GSS do they have no money and owe 8 million too? What can you say about them? Are they all going bankrupt together? or is what we are experiencing only a cyclical secular downturn, where the companies with good management will not only survive but come out even stronger than ever? Dont paint a picture like the price is only related to internal finances, its just not true! Its a secular downturn!!!!!!! And if they were really in trouble the bonds would be trading at 80% off not 30% off I would call 30% a normal Congo discount just for location.
Words of wisdom, don't sweat the small details, all that matters is the great job that the board of directors is doing effectively managing us through one of the tumultuous periods in Gold miner history!
Sitting atop the 50 DMA! on HIGH Volume is GREAT!
Its all fine and dandy, at current prices they have options to refinance or extend the terms. If Gold rises a bit they can easily pay off the whole amount in less than 3 years no problem. Unless you are dead set that Gold will fall, your predictions and inferences about what they need is totally of kilter with reality. You are in effect creating a crisis scenario and using the backdrop of the largest secular decline in the mining sector as proof to support your theory, but what is here today is gone tomorrow, the only guaranteed constant is actually change. Today's environment and factors are guaranteed to change and become rather more or less favorable. Its not fair and say 3 years from now or one or two years from now. If you could make those predictions we would all bow before you and call you King Midas and follow you in droves taking you by your every word and thanking you for making us millions.
You know most listed companies carry forward a certain amount of debt. It's not unnatural, especially for a established producer, its commonplace. The amount is neither stratospheric or unmanageable. Bottom line of refinancing is if you have cash flow you can always get a deal done. Banro's cash-flow has been steadily increasing, there is not only high probability the deals will get done, but also at favorable terms now that Gold is rebounding.
That is a pretty funny narrative, and its all just a matter of your opinion. The circumstances of today are not those of tomorrow and it's based upon that principal that loans are made out. The lenders know Banro has cash flow and its growing, that's why they lent them the money, you act as if they dont have a growing business and valuable asset base of millions of ounces in the ground. And again, they are trailblazers in central Africa, in fact a model for progress, stability, and job growth who goes to great lengths to strengthen the community. They are highly respected and have plenty of staying power my friend. blessings to you.
Hold on your mistaken, they don't need 120 million if they can refinance or extend the loan! WHO SAID THEY HAVE TO HAVE IT AND NEED IT? Only you take those inferences and assumptions, I dont feel that way at all and I'm sure many other investors don't see it your way either.
You ever hear the term dirty stinking filthy rich? Those people can toss Gold Holding aside like a fad going out of style.... There are people, concepts, and ideas that exist in this World that have no relation to the way us commoners live our everyday lives. What is a truth to us and the way we live our lives, is in complete contrast to how the owners of Gold Holding live theirs. Your concept or idea may ring true but its not true to all, to say you will do business with a person or entity because you think that's how it should be can be completely wrong. And it's far from a universal truth. I would venture out and especially say it's not prudent to expect everybody else to live by your ideals, to expect everybody else to be just like you is considered by many a form of insanity.
If you were a rich trillion-are, you would hire people to write whatever you think looks good on paper, and care less what anybody else thinks about you. Gold Holdings is owned by the Royal Saudi Family.
Lower fuel is now attributed to higher supply, not lower demand, this means the cost savings will relate to Banro bottom line, and we are seeing that finally materialize in price action! Yeah BANRO! LONG AND STRONG! BAA 4 LIFE!
Beep Beep! I love it, and agree, GO BAA Banro Long and strong!
It has clearly begun! The gates are open!
Got nowhere to go but UP!
One small blip in history and one incredible opportunity to make the best investment of a lifetime! Don't miss these prices, they are not natural and will bounce back with ferocity!
Its the final hurdle that is always the hardest, Banro is ready to make the jump over, its not impossible, every time in the past they made it work, the last little way to go will look like cake work in the rear-view mirror and we will all look back and say WOW! I can believe this powerhouse Central African Gold producer was ever valued so incredibly low!
Ascent towards the Sun coming!
What worries me most is this statement "commented Banro Board Chairman Richard Brissenden. "We expect that this transaction, or alternatives to address our liquidity situation, will be finalized in the near term."
What do they mean by alternatives?
Anybody on good terms with Naomei, can we get clarification on this statement? Does it mean the Dubai "OIL" money dried up, and now get ready for dilution out the Whazoo?
There is no liquidity squeeze!!!!!!!! Good luck going to the DRC to force Banro to do anything, Good Luck if you think the debtors will have any chance to make Banro Pay up! Good Luck if you think any one company will repatriate any of its loans. What happens is that the terms will be extended and the payments will be delayed with no penalty. You know why there will be no penalties? Because the parties who loaned the money are only concerned with getting the capital back. Do you know why? Because Banro is in the heart of the DRC, hiccups were not only anticipated but expected before the loans were made. Whoever loaned the money has to sit it out, there is nothing they can do, The money is owed to multiple parties, its not like a big bank will come along with a hostile takeover because of a single unpaid debt. The debt is due to many various parties, who dont have the power or jurisdiction to do much other than hope it all works out and that Banro pays back sooner rather than later.
Excellent press release today showing progress, efficiency and cost controls are Banro's Top priority! I like where things are headed, true they could of made the Gold streaming deal by now, but you have to take into account the money has dried up to a extent because of the price of Oil being destroyed. We all know the money is coming from DUBAI, and DUBAI was built upon OIL money. I can only imagine that there is now a BIG problem with the money Banro was promised is either, not there right now and money that was previously slated for Gold now may have to be diverted to make up the gap promised for something else, and it may possibly take a little longer for DUBAI and Gold Holding to get their finances straightened out. Cut them a little slack will ya! It's not beyond the realm of rhyme or reason. You can easily understand and clearly see what is happening.
Banro trying to break out of jail! Its going to make a Jail Break! The charts are favorable for this!
Is end of year tax selling over?
There she goes I see glimmers of Light!
Just based upon physics of how heavy elements sink usually to the surface of bedrock. You can take it for what its worth.