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Higher volume is probably a sign of general rotation out of the stocks and into the PM sector / gold. Bargain hunters are coming in.
POG at $1450 should send BAA over $1.
Randgold made an exploration deal with Banro's little brother Loncor:
http://www.wallstreet.org/loncor-resources-unit-forms-joint-venture-with-randgold-on-ngayu-project-tseln/
http://www.kitco.com/news/2016-01-19/Great-Panther-Silver-Reports-30-Rise-In-2015-Output-To-Record-High.html
There have been many parallels drawn to LSG here. I think the only thing weighing on the BAA share price is the debt. Any one has an idea of LSG debt? I recall reading somewhere it was quite low.
It's gonna take some time for gold to clear itself out of the anti-bubble quagmire which the naked paper shorting sucked it into. A black swan or physical bullion tightness will eventually raise the POG. My long-term target is weekly MA(200), which is a bit below $2.00 currently. My immediate targets for gold are in the $1309-$1350 range.
Been here for 2 years now! Long and strong BAA.
Financial Times BAA long-term price targets:
http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=BAA:ASQ
have you accounted for the truck fleet and other moving assets?
Does anyone know if Banro plans to reprocess tailings at the TMF?
https://en.wikipedia.org/wiki/Tailings#Reprocessing
Thanks for the clarification, Lib!
What if gold appreciates back to, say, $1500? Do you know if the asset appreciation will be booked as a positive added $50M to reverse this impairment charge?
I say enough with this consolidation and let's move up one step. Listening to Steely Dan - Kings and imagining how all of us longs here will be kings :)
Then why don't you go short on it and tell us how you do in a month's time?
The weak hands always loose in the end! And miss the ride.
Witch such projections flipping here is quite risky. The plain might take off any second!
now we know the logic behind Financial Times' price target of 2.22 for Banro
He's down -50% on his short in one day. The Shorter Destroyer has been deployed!
Agree! Ahead of USLV nicely :)
Go Baa! Take me to financial freedom :)
I pressed a long time ago... Trying to keep my life free of nonsense.
Shorts have encountered a poimanent damage! Poimanent!
I'm looking for symmetry in the cup formation with symmetry axis being around Dec 15. This would mean a steep rise to the previous 52-low of .45-.50 without reversal to current levels. Current P/E of 2.5 also suggests we might part these PPS levels permantently.
Good luck waiting for those mid-20.s!
Record Q1 2015 revenue of $41 million, a 35% increase over Q1 2014 ($30 million); 39% increase in gold ounces sold. Gross earnings from operations of $17 million, a 177% increase over Q1 2014 ($6 million). EBITDA of $19 million vs Q1 2014 of $7 million for a 176% improvement and $90 million financing closings in February and April 2015 allow for extinguishment of backstop facility in April 2015.
yes, abc! The moment we've been waiting for for so long is finally here! :)
I think we'll open over .30
The Q1 financials are just awesome! They made me ponder however on the quality of Zack's research. They downgraded us at the worst possible moment! The downgrade belonged in their 61% failure rate I guess LOL
Still though, the chart might develop in a non-linear manner.. just like the crash from .52 level happened.. We might see a vertical rise to those levels once the positive developments are a fact.
The hardest thing is not to sell too early on the way up. Look at baa waa over, he's already sufferring.
Nice to see you back on the board, abc! There's a consensus among many of us now that BAA might reach a dollar this year.
I hope you feel well.
Ray.
But there were 10x less shares of BAA back then.. Not being bearish but this just seems to be the fact. On the ohter hand, they didn't have the mines at that time, either. So that all would translate to a fair price of BAA shares around the book value of $2. BTW once the Namoya is in full production mode, shouldn't the book value íncrease?
Usually those spikes are a bullish sign and eventually lead to permanent gains. I've seen it happen in many other stocks.
This was recently featured on Finnish TV. A very revealing in-depth documentary on the causes of the Greek situation. Although the opening titles are in Finnish, it's mostly in English. I strongly recommend it to anyone who is serious about knowing what's going on.
You know there are 100s of financing professionals surrounding Banro. They all understand that stomping a flower which has been rooting underground for almost a decade and is about to spring up from the soil is as unproductive as smashing your new car with a hammer. Bankruptcy doesnt bring prosperity to any one of them. Successfull Banro does.
Banro is also not like the bankrupt US government and a black hole for capital. Banro do everything in their power to stay as lean and as financially healthy as they can. That means that the amount of capital required to become profitable is limited, not unlimited.
That banrooversmth has made his bed, but now he's uncomfortable sleeping in it, because he subconsciously knows Banro will explode higher, but he wants to rationalize his bad decisions and justify his deeds seeking moral support of his semi-exit on this board, but he won't get it here.
Banro has a Zacks rating of 2 (Buy). That's what people should be doing, if they haven't done it yet.
Well one of them is trying to justify his decisions to himself and others. Personally I think selling before a major positive event for a stock is unwise.
Take her on a date to learn the truth!! You'll be our insider :D
Zacks has a #2 rating (Buy) on BAA.
http://finance.yahoo.com/news/banro-baa-continue-surge-higher-144302061.html
Found this nice BAA chart analysis on Twitter: https://twitter.com/GilmanAMD/status/585380652595290112?s=09
What makes you think so?
That giggle could literally be worth 5 mln. Smart front-runners will now take note and rush to buy, driving BAA 10% higher ;)