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I doubt a buyout or a all share offer would happen. Balance sheets like ours don't get bought out . More likely would be offer for the mine or mines when Namoya comes commercial.A lowball offer for a cash strapped company mines when gold is at the bottom would make sense . Even then I doubt that would sell because all the streaming financing tied to the mines.
Recent flurry of mergers and acquisitions (M&A) as an indication that we are, indeed, at the bottom of the gold market and can expect more consolidation—and at a premium.
http://www.mining.com/web/how-to-spot-buyout-clues-in-todays-resource-market/
One exploration company that is very small right now, but just had a nice discovery and could be a takeover target, is Alexco Resource Corp. (AXU:NYSE.MKT; AXR:TSX) in the Yukon," says Lin. "It is its own high-grade silver district. At some point, I think a bigger company will come in because it has huge potential.
http://www.mining.com/web/how-to-spot-buyout-clues-in-todays-resource-market/
This should be the bottom for gold , the tide has turned from the massive shorting that was going on with hedge funds to more and more long positions. Good time to buy and hold gold miners .
According to the CFTC's weekly Commitment of Traders data for the week to October 20 hedge funds added more than 47% to their long positions – bets that gold will be more expensive in the future – from the week before. Last week's rise was 66% and hedge funds have now added net long positions for five straight weeks.
http://www.mining.com/gold-price-hedge-funds-push-bullish-bets-to-8-month-high/
Choose DRC region.
http://www.24hgold.com/english/listcompanies.aspx?fundamental=true
I would like to these guys take another shot again while POG remains below $1200 . With their unlimited funds
https://en.m.wikipedia.org/wiki/China_National_Gold_Group_Corporation
Needs to break that wall at .22 , 200 day moving average.
Really strong volume for the first 30 min .
.185 x 1.3 = .2405 . 1 Us $ = 1.3 Canadian $ . Arbitration between dual listed or cross listed companies I believe it's called ? I'm not a expert , I'm sure someone here can explain it better . Wasn't Tsx closed yesterday and we were up 8% .
It's tracking exactly the Canadian exchange after the 1.3 currency exchange rate .
Up 10% this will catch up
http://ih.advfn.com/stock-market/TSX/BAA/stock-price
Buyout rumors continue.Maybe something to it .
Rumors have swirled in recent days that Whole Foods (WFM) could be the target of a leveraged buyout, which boosted its stock on Friday. But some analysts aren't persuaded a buyout is a good bet. Wolfe Research's Scott Mushkin, running numbers, calculates that increasing natural-foods competition and the need for WFM to lower prices yields a post-takeover internal rate of return of only 4%. Deutsche Bank is more optimistic. Says some aggressive assumptions on lower prices, cost savings and store and sales growth result in IRR of 15% or greater. WFM stock recently off 0.5% at $33.76. (ilan.brat@wsj.com; @ilanbrat) (END) Dow Jones Newswires October 05, 2015 14:49 ET (18:49 GMT) Copyright (c) 2015 Dow Jones & Company, Inc.
Whole Foods makes a lot of sense as a private equity takeover target.
Whole Foods WFM 8.51% stock climbed more than 8.5% today for no particular reason. Or, in Wall Street parlance, people think it’s a takeover target.
Such things usually go nowhere, and I have not yet heard any particular suitors attached to Whole Foods. But such a deal does, indeed, make sense. At least from a private equity perspective. Here are 7 reasons why:
1. The stock is cheap: Whole Foods currently is trading around a four-year low, despite 50% higher revenue and 40% higher EBITDA. Not to mention so much interest in its main product category that retail giants like Wal-Mart WMT 1.10% and Target TGT 0.03% are trying to ape it. Private equity is always looking for a bargain. (Yes, I used Whole Foods and bargain in the same paragraph without even a hint of irony).
2. Leverage light: There is nothing private equity firms like more than companies that they can load up with debt, and Whole Foods is just begging for it. It has absolutely no long-term debt, and only around $60 million of capital lease liabilities. Even if current management dislikes the idea of debt — and it does — it may like the possible alternative of activist shareholders even less.
3. Favorable comp coming: The nation’s largest supermarket chain, Albertsons, is expected to go public later this month. Were it to price in the middle of a range set earlier today, its initial market cap would be around 12.5 times EBITDA. Whole Foods is currently trading at less than 10 times EBITDA. Oh, and it’s worth noting that Albertsons is currently owned by a private equity firm.
4. Past is predicate: Whole Foods is not a stranger to private equity. In 2008, Leonard Green & Partners invested $425 million for preferred stock that equated to around a 17% ownership interest. The deal worked out well for both sides — with Whole Foods stock subsequently climbing and Leonard Green later exiting with substantial profits. In fact, the partnership was considered so positive that Whole Foods still had a pair of Leonard Green partners on its board of directors. Having a minority investor is different than having an “owner,” but at least co-CEOs John Mackey and Walter Robb should have a positive predisposition toward the asset class (and perhaps know how to navigate it a bit). And that goes both ways as private equity, despite its reputation, prefers to partner with existing management than find new C-suiters.
5. Alt assets: When purchasing retailers, private equity firms often favor those that own at least some of their own real estate. Not so much to ride rising property value, but because they can work in sale-leaseback transactions that remove a bit of the risk. Whole Foods doesn’t own the majority of its stores, but it’s got enough that could help make a prospective buyer feel a bit more comfortable.
6. Chop chop: Private equity likes to talk a lot about operational efficiency (read: cost cuts), and Whole Foods this week acknowledged some bloat by saying it would lay off 1,500 employees. Expect there are other areas of the chain’s cost structure that could be slimmed down.
7. Price point: Were a private equity firm to bid a 20% premium to today’s closing price (remember, it finished up 8.5%), that would mean around $13.5 billion. That’s at the outer limits of manageable right now for private equity, but outer limits count. By keeping with recent Federal Reserve guidance, a private equity firm could pull around $8.5 billion in debt to finance the deal, meaning it would need $5 billion in equity. But lots of big deals are being done above that limit, particularly if the business has strong cash-flow (which Whole Foods does). So a private equity buyer would likely need to come up with around $4 billion in equity, which could be done either by partnering with another private equity firm (which firms tend to avoid doing right now) or by tapping their bigger limited partners for co-investments (which firms do all the time right now). Again, tough but doable.
To be clear, none of this means Whole Foods will get a takeover offer. Or that it would come from private equity, particularly given that relatively few firms have deep sector expertise (it’s tough to imagine Cerberus wanting more grocery exposure, although Leonard Green would be an interesting minority co-investor for a larger firm).
But stocks don’t normally spike on a Friday for no reason. They spike when there are seven reasons.
http://fortune.com/tag/whole-foods/
According to the CFTC's weekly Commitment of Traders data for the week to August 18 speculators' short positions– bets that gold could be bought cheaper in the future –were cut by more than a million ounces to 10.4 million ounces (295 tonnes); down from record levels of more than 330 tonnes hit last month.
At the same time longs grew by 500,000 ounces which means large gold futures investors such as hedge funds, referred to as "managed money" now hold a net long or bullish position, albeit a small one.
http://www.mining.com/gold-price-hedge-funds-reverse-historic-bearish-position/
So approximately 4$ a share following his math . Nice market capitalization we have here .
Gross earnings of 15 mil and 19c loss ? What the hell?
In July, the People’s Bank of China reported that it has added more than 600 tons of gold bullion to its stockpiles since 2009, taking the total to 1,658 tons. That represents a 60% jump in gold assets in just six years.
In fact, all of that new metal was added to central bank’s ledger in June 2015.
With gold prices down in June, there's no way the actual buying had occurred then. It appears central bank officials simply moved that metal over from the books of China's state-owned banks, which can hold metal secretly.
http://www.mining.com/chinas-secret-gold-hoarding-strategy/
Right now 76% of gold mines in the world are mining debt . Not BAA
At a gold price of $1,100, some 76 percent of producing gold mines are in the red, according to data from Thomson Reuters GFMS. That despite the fact that industry all-in costs are expected to fall to an average of around $1,335 an ounce this year, down from close to $1,700 in 2012.
http://www.reuters.com/article/2015/07/21/gold-miners-closures-idUSL1N1011UL20150721
Given that a rate rise in the US has been signposted for the better part of a year, the eventual hike would've been baked into the price long ago.
Gold's current weakness probably has more to do with speculation on the futures market by so-called "managed money" than rate hike expectations.
Last week large gold futures investors such as hedge funds slashed overall bullish positions by a whopping 64%. The week before speculators cut long positions by more than half.
Bets that prices will rise only amounted to just 7,574 lots or 757,400 ounces in the week to July 7 according to the Commodity Futures Trading Commission's weekly Commitment of Traders data.
The net long positioning is now the lowest since at least 2006 when gold was worth less than $600 an ounce.
Speculators' short positions – bets that gold could be bought cheaper in the future – jumped to more than 10.8 million ounces (306 tonnes).
Looks like POG will continue to fall for a while .
http://www.mining.com/gold-price-falls-to-within-sight-of-5-year-low/
Yes they are. They also are the only ones right now who could get financing in DRC to make an offer for the two mines. I highly doubt Banro would ever accept the offer because they are way too cheap .But even a low ball offer would do wonders for the share price here.
Great article to read for all BAA investors . Unbelievable how below the radar Banro still is .
A yuan-denominated gold index will be launched by the end of 2015 in a bid to challenge London's own benchmark, the "London Gold Fix", which has served since 1919 as the global reference point for the industry.
http://www.aljazeera.com/indepth/features/2015/06/china-clamours-set-global-gold-prices-150629082056754.html
They can afford Banro
https://en.m.wikipedia.org/wiki/China_National_Gold_Group_Corporation
Twangiza's 2015 gold production guidance to a range of 115,000 to 125,000 ounces that's approximately 140 mil in revenue alone and Namoya 70000 ounces another 80 mil , even with 250 mil in debt a market CAPITALIZATION of 90 mil is a JOKE.
Underpinned by strong governance , a diversified economy and an ambitious modernization plan , the nation of 70 million is on the cusp of an unprecedented emergence as an African superpower.The rise of DRC signals an evolution of Africa and offers a look at what the best of Africa can come to represent.
And investors looking for sustainable returns are coming in droves for opportunities .
Pick up a new FORBES from your mailbox and read the 10 page writeup about DRC.
BAA golden here .
Who are they buying BAA shares for ? I see them show up on level 2 bid side. Are they just routing retail orders ?
BATS
https://www.batstrading.com/listings/symbols/
Blackrock
http://www.google.com/url?q=http://www.dummies.com/how-to/content/blackrock-ishares-etfs.html&sa=U&ved=0CDwQFjACahUKEwidoeey4YvGAhVJC5IKHSSTAHE&sig2=NTotx6cGeEHhK72TizC01w&usg=AFQjCNEznDdT2q1hlFZE1ydc0qxVrNpmRw
http://www.google.com/url?q=http://seekingalpha.com/article/1489562-gdxs-little-sibling-ishares-msci-global-gold-miners-etf&sa=U&ved=0CDAQFjACahUKEwi89bDx4ovGAhWEA5IKHaiTACg&sig2=TAorpATT0BymPmflOZ38Vg&usg=AFQjCNELWqOBxXh9qOivdQ45b0SnmtvTPg
http://www.google.com/url?q=https://www.ishares.com/us/products/239654/ishares-msci-global-gold-miners-etf&sa=U&ved=0CCsQFjAAahUKEwidjb2w44vGAhVCC5IKHWl5AKk&sig2=JYSdDiaOTllhlIAkppqB0w&usg=AFQjCNEsA8vKu704tVrRY6LjqdYEDsO0WQ
There is a history of Chinese intrest in Banros Twangiza-Namoya properties.Anyone know what happened to this back in 2011?
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=4&cad=rja&uact=8&ved=0CDQQFjAD&url=http%3A%2F%2Faf.reuters.com%2Farticle%2FtopNews%2FidAFJOE73K0SG20110421&ei=5ZJkVdioE4OrggTjooHwDw&usg=AFQjCNGZTP_530b-XWiDGmvzf6PxRzy9Xw
China National Gold Group Corp. is on the hunt for acquisitions and partnerships, the mining company's president said, possibly becoming a kingmaker in the beleaguered industry.
http://www.google.com/url?q=http://www.wsj.com/articles/china-national-gold-is-talking-to-barrick-about-potential-partnerships-1403019839&sa=U&ei=AUdiVYtj0pPIBIW-gdAD&ved=0CBQQFjAA&sig2=6aIkS6PYDCiWgcPCmROZtw&usg=AFQjCNFS1yvpsI_l9Xp4NPTP8kncR840ig
China National Gold Group Corporation
From Wikipedia, the free encyclopedia
"CNGC" redirects here. For other uses, see Cyclic nucleotide-gated ion channel.
China National Gold Group Corporation
Traded as SEHK: 2099
TSX: CGG
Industry Mining, retail, contract engineering, irradiation sterilization
Headquarters Beijing, China
Key people
Song Xin, CEO
Products Gold, copper, silver, molybdenum
revenue RMB 110 billion (2013
Net income
RMB 1.91 billion (2013)
Website chinagoldgroup.com
China National Gold Group Corporation (????????) (CNGC or China Gold) is a centrally state owned Chinese gold corporation primarily engaged in the mining and refining of gold, silver, copper, and molybdenum, and in the retail of custom-designed gold and silver bars.
Contents [hide]
1 Mining operations
1.1 Domestic
1.2 International
1.2.1 Africa
1.2.2 Central Asia
2 Other business areas
3 References
4 External links
Mining operations[edit]
Domestic[edit]
The company's key mines are in Inner Mongolia and Tibet. Chang Shan Hao (CSH) is the gold mine in Inner Mongolia and will produce about 200,000 ounces in 2014 according to the company's guidance.
The company began developing the Jiama gold and copper mine in Tibet in 2008, undertaking a $520 million investment that was then the largest mining project in the province.[2] To maintain good relations with local communities, the company announced the hiring of 191 locals and stated 35% of the workforce was non-Han, the highest percentage of any mine in China.[2] A landslide in March 2013 buried a worker's camp, killing 83 miners, two of whom were Tibetans.[2] Government officials explained that the landslide was caused by a "natural geological disaster" rather than related to mining work.[2] An article by The Economist questioned the building of a worker's camp in an area of hazardous geology.[2]
International[edit]
In pursuit of additional gold mining assets, the parent company and its international development subsidiary, China Gold International Resources, is active in scouting for overseas gold mines.[3] Explaining the acquisition strategy to the South China Morning Post, Song Xin, the chief executive of China Gold International Resources, stated the company was zealous in scouting for gold, copper, and silver mines across the world in both developed and developing countries.[3]
Africa[edit]
China Gold made a bid at the end of 2012 for the Tanzania operations of Barrick Gold in a deal that would have exceed $2 billion.[4] However the deal didn't go through because of disagreements that included the sharing of surprise tax increases levied by Tanzania to take advantage of the capital gains bonanza from a successful deal and indemnification for a past violent episodes between Barrick and villagers.[4] Despite this setback, enthusiasm for deal making was reiterated in a September 2013 comment made by China Gold executive Jerry Xie to Reuters when he stated the company continued to look for big potential deals.[5]
[color=red]In December 2013, China Gold acquired Soremi, a copper mining subsidiary located in the Republic of Congo, from the Gerald Group, a US-based metals trading company.[6] This marked the beginning of a joint venture between China Gold and the Gerald Group to further develop the project[/color].[6]
The company has been in talks with Banro, a Canadian gold mining company, to form a joint venture to develop mines and the supporting electricity supply in the Democratic Republic of Congo. Preliminary talks between the miners were reported in April 2011 when the companies signed a non-binding memorandum of understanding (MOU).[7]
Central Asia[edit]
CNGC in January 2012 acquired the Kuru-Tegerek Copper-Gold deposit, a copper and gold mine located in the Kyrgyz Republic, for $21 million from the Chaoyue Group.[3] The mine contains 97.36 tons of gold and 1.02 million tons of copper.[3]
Other business areas[edit]
Besides its main mineral related business, the company also offers irradiation sterilization services to food, medical, and cosmetics companies in China, Hong Kong, and Macao. Subsidiaries are also engaged in contract engineering, import and export, and labor services for more than 40 overseas companies. China Gold also produces gold industry news publications and is the official news outlet for the Shanghai Gold Exchange and Shanghai Diamond Exchange.
http://www.google.com/url?q=http://en.wikipedia.org/wiki/China_National_Gold_Group_Corporation&sa=U&ei=4Q9iVd_kMYPJtQX_gYGYBQ&ved=0CCAQFjAC&sig2=A__p8uTqqp-sMw77LOS63A&usg=AFQjCNFT0iXl_vYqtLq4nnchHe13hoOk-g
We got screwed here by Trevour,he merged a private NYTEX to TLPH not a publicy traded company(UAMA).Thats why he would not give us shares or a PR about the "BUYOUT".He found the way to bypass us(UAMA). Who got the 20 mil shares ? Whoever owned the private NYTEX,i guess we have to wait until the next 10q from TLPH. Im out good luck.
Lawry Trevour-Deutch 514 313 3424. GL
Just got off the phone with Trevor.In his words the NY and FL company are essentally the same?The form 4 filed was from Jan of 11 when NYTEX merged with UAMA and 54 mil share were issued(27 mil were his and the rest were Laliberte)and still restricted shares.UAMA now owns 20 mil shares in TLPH (went from 40 mil OS to about 60 mil OS)SO 1/3 of TLPH.All NYTEX revenues will be from now on shown in quaterlis of TLPH.
TLPH news out today..
http://ih.advfn.com/p.php?pid=nmona&article=50702984&symbol=TLPH
Teliphone Corp Acquires the New York Telecom Exchange Inc. Assets and Operations for $5 Million in Stock
PrintAlert
Teliphone Corp (OTCQB:TLPH) the world's local digital telecommunications company is pleased to announce that it has signed a definitive agreement for the acquisition of all the operations, technology and intellectual property of the New York Telecom Exchange Inc. (NYTEX), the world's first neutral international telecommunications commodity exchange for USD $5 million in an all stock transaction. New York Telecom Exchange Inc will receive a total of 20 million Teliphone common shares at $0.25/share.
NYTEX will operate as a separate division within Teliphone and at current volumes could contribute over $25 million in annual revenue bringing Teliphone's total annual run rate revenue to approximately $31 million.
The exchange will continue to operate under the name "The New York Telecom Exchange" (NYTEX). The transaction includes all world wide operations and infrastructure of NYTEX including NYTEX's UK London data center (LondonTelex) and its European data center in Belgium (EuroTelex).
In 2011 approximately 200 million minutes were bought and sold on the NYTEX platform with a value of approximately 30 million dollars (bought and sold). In December 2011 NYTEX reached 32 million minutes bought and sold for a value of approximately 4.4 million dollars.
Lawry Trevor-Deutsch, President and CEO of Teliphone stated, "We believe that the acquisition of NYTEX's operations by Teliphone is a natural fit for the company and will bring very good value to shareholders through the synergy of being able to provide both wholesale and retail telecommunications operations to our clients and by reducing costs through shared overhead."
About NYTEX
NYTEX was launched in June 2009 and uses a proprietary algorithm which commoditizes international telecommunications minutes. NYTEX also developed the concept of trading of blocks of minutes and when used in conjunction with the algorithm allows minutes to be traded like any other commodity as in other mercantile exchanges. NYTEX provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators and acts as the central clearing house to all exchange-traded transactions therefore ensuring the delivery and fulfillment of these transactions. NYTEX has a number of proprietary value added features such as an integrated US Dollar and Euro trading floors which eliminates currency risk, an anti-false answer supervision system and tTrader, a direct trading option. With data centers in Montreal (NYTEX), London (LondonTelex) and Brussels (Europe Telecom Exchange), NYTEX aims to create a new economy based on telecommunications trading.
About Teliphone
TeliPhone Corp. is the world's local digital telecommunications company providing Internet, voice, IPTV, digital content and data services to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. TeliPhone is able to deliver more value added services to its customers at a lower cost than other suppliers.
This transaction may be subject to legal and/or regulatory approval.
I will call Trevor tomorrow and try to get a hold of him and clarify what exactly happens to our UAMA shares.