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What if and maybe are a part of speculation as a trader...
you have to factor in all that but for Gold to go to $800 then the economy would have to be at levels it was when gold was $800 an ounce...when was that? Ill tell you that you have to go back to almost 2002 or more...what was the economy like then? what was the national debt like then? Think about all the factors that influence gold up or down and reminisce.
We were in the beginning of the biggest economic expansion, national debt was below 3 trillion, Market was coming off the 2 year bush sr recession and things were rocking and rolling... Gold hadn't even started up yet and Banro back then had no mines only data and all in costs were below $500 a ounce speculated.
Gold has always globally been a hedge for inflation just not here so much in the states since we went on the treasury kick and the dollar became the reserve world currency....possible what i term" hyper Inflation Bursts" are coming and China is going to become the reserve currency thats why they are buying so much gold. But thats for later.... The bottom line is all the risk is factored into banro already at this price...yea day traders want it to drop another .10 then go up a dime then go up another dime then back down again...thats volatility and thats a traders bread and butter.
Banro can move up a buck in a day i have seen it before and keep going ...
Right now everyone is watching the economy and waiting to see whats going to pan out with this taper... if the taper continues to cause shockwaves you will see everyone leap into gold.....
Some other what ifs you should ask... what if gold goes back to $1900.00, what if banro continues to reduce all in costs below $800? what if they are digging on namoya and the uncover a larger than anticipated vein or maybe they have that ace in the sleeve already? What if someone buys banro for $4 a share? What if Gold stays right here at 1200+ and drifts sideways for the rest of the year while banro is below $1000 all in costs? ALot of what ifs on each side of the coin.....you can't have a defeatus attitude and be fair to Banro's Scenerio.
I understand your frustration
But you have encouraged me and others in the past and I want to encourage you now. You know what we have in banro, you know the numbers, you know the insider trading trend, You know the fundementals and you also know the bad.
The other stuff no one can control and the one thing that we both know this is all based on is our country's horrific debt. Relax push back and reassess if you think it not worth your time and money then no one will condemn you for selling and moving on. But I think it with all the dd we all have shared that it's worth at least $1.70 worse of the worse case and gramercy agrees.
http://seekingalpha.com/instablog/434084-charles-spencer-wood/2806803-banro-corporation-the-best-gold-miner-play-ever
Little something i put up on seeking alpha.. not perfect but i wanted to say thank you to braised007,tech, and investor wisdom for inspiration and some of their posts that i borrowed to write it. I am Long and Strong in BAA... just wait it out and buy more.
Banro was on page 142... however no pinup girls which in my opinion would have increased interest a 100 fold... but ummm i admit it... i read it TEE HEE.... ;/
IMO the current mArket cap doesn't value the new machines....much less anything else
The market isn't giving any value to the gold proven or implied. It's not giving value to the new pits that were started. It's not giving value to reserves or any improvements. The market thinks and wants us to think gold bullion is worthless or at least worth 1999 prices. All these institutions and investment banks and such are counting that banro will stay in the shadows and since the computers are doing the trading at some point they will come in and TAKE the gold mines at 95% discounts while they depress the stock price and keep them broke with the financing. That's why BMO CIBC are pissed .... Banro is trying to break free using its own partners
They had a solid year and the weather took some of the icing off the cake
The last quarter or they would have made a few pennies per share more
Remember too when reading they had 4.3 million as of dec 31 2013 that was worded a certain way because the refi happened in the first quarter of 2014 and if you look at the report they have but up assets, gold inventory, reduced expenses, etc BMO and CIDc are pissed off cause they are not apart of it and are not going to be needed anymore. It gets better going forward.
I love you BAA never let you go
BMO CIBC gml can go hang .... I don't like how they acted in the CC either $&stards
I'm down .13 cents today and i just get mad that the small not great things about banro seem to be the only focus and all the good things that should matter....that should be a influence..that i have always been taught are more important... I MEAN they are PROFITABLE and make money for example and it should influence the stock price....but it dont. So I'm thru watching it and caring... I'm not going to sell and Ill just buy more i dont care if it takes YEARS.
i dont get it and I'm tired of caring
The annual report is like a small novel,
Wow they have been busy ....continue to lower all in costs, increased grade and ounces, open a few pit mines more more more to read
Tech Logic some fantastic DD
Really appreciate your work looks like gram mercy has some info we don't or was able to afford a person to Hoover there and have a look see regardless they can't get enough banro stock
Gives your idea of a buy out more strength
There is just so much positive going on and the stock is doing nothing it's bizarre
While it would be nice if a buyout happened I think maybe they are just updating things and if you look at other yearly reports they have filed on the 29th before so as much as it would be great I'm sure it's just so rejocking going on
I'll take a discounted premium of $3 a share
Discounted as to future earnings from proven deposits and premium compared to current price. That price will make me a millionaire on this stock by itself.
Well you could be right maybe they had bigger expenses in dec and they might miss but I don't think so since essentially they already gave us an update back in January. So I think it's more of a non event to them but who knows like someone posted its beat to hell anyways so what difference does it make . It's more about the cc and Aprils report on the first quarter
That's true also if you want to be out your out by now ... Probably how insiders want it anyway cause when the stock does move up they got to have people buying their shares
Well seriously I thought it was odd for a them have earnings on Friday then wait till Monday for the cc odd for it to function that way. A couple of people have posted that this does make a case that if they beat and it gaps up premarket then they have a great cc we could see a move into April over a dollar.
I apologize to managers and staff
Devil inside me.... Still want a annual report or maybe we don't ?
Oops! Lol
Well? Are we going to get one or is off till Monday morning?
Come on just release it good,bad, or no frills...
lets get it over with....
The sad fact is most will read and actually listen to the advice in a story like that and take the reserve report Banro put out this morning and discredit it and/or basically ignore it.
Which it seems the market is doing anyways with banro. I dont get it.
ThAnk you for your great dd
I enjoy your post and they have slot of merit along with others here. It would seem like we have a group here that is comparable with any analyst group or investment team IMO
To me I think this is all hang over from simon village getting canned last year and of course gold.
I think this why CIBC and BMO tryed to 86 the stock last month but mainly it doesn't help when we have to constantly defend ourselves and our investment because Bloomberg and cnbc love to piss on gold every chance they get. They believe only in the fed and stocks bonds or treasuries that's it. So banro hAs to really prove itself with earnings and forward guidance. If they do that it shouldn't be any more issues going forward. But I'm as frustrated as the next guy. I got a lot of time and money in this and I want results before I put more of both into it
I need something cause ...
This is some bull s%#£ right now. Lol
and yet they keep bidding it lower and lower...
Your common sense and DD say there is just no way but each day it just continues to sink. From 6.00 to 2.00 to 1.19 to .76 to .50 ,,,a cup of coffee...is all someone will pay.
Fed and news agencies making every attempt to crash gold
you got china loading up again, iran buying a huge amount, lord knows how much russia is buying and we have our government trying to print as much paper as they can ,rolling in a national debt thats about to go parabolic and manipulate ANY data thats coming out right now. Durable goods came out this morning and all they want you to focus on is the number with transpiration included...dont look at it without cause then its a bad report even the yield curve is starting to go flat but don't look at it just watch treasuries keep getting manipulated up and drinking the kool aid.
All hell is going to break loose when everything starts to crash. I just hope Banro can withstand all this and make it thru.
Fed and news agencies making every attempt to crash gold
you got china loading up again, iran buying a huge amount, lord knows how much russia is buying and we have our government trying to print as much paper as they can ,rolling in a national debt thats about to go parabolic and manipulate ANY data thats coming out right now. Durable goods came out this morning and all they want you to focus on is the number with transpiration included...dont look at it without cause then its a bad report even the yield curve is starting to go flat but don't look at it just watch treasuries keep getting manipulated up and drinking the kool aid.
All hell is going to break loose when everything starts to crash. I just hope Banro can withstand all this and make it thru.
I won't even pretend to know why or what's going on anymore
Tired of trying to convince myself I just don't understand what's not to see that's so good about banro that others don't see it? Why does it keep getting weaker?
Well i won't hide it I'm pretty disappointed ...
I'm not selling and not panicked or anything like that I'm just kinda depressed and sad that the PPS is here again.
What else do we as investors have to do? Proven without a doubt how great this miner is and gold drops it goes down, gold goes up it goes down, GDX goes up it goes down, GDX goes down it goes down i mean I'm being unfair but our ups are poor compared to downs and even when it ran to .76 last week the PPS got tackled.
Oh well.. i hate being a bag holder but now I'm one of many. I got a lot of money in this stock and i whole heartily believe in my DD and charts so just have to sit tight and wait. May not be this week ..may have to wait months but thats the way it goes...i guess. Im only down a dime so i guess it could be worse. I just hate to see it get beat up so badly.
Well, bought some more this morning
But jeez I have never seen a stock get kicked around the way this one does its hard when your invested in something and believe in it do strong and it's suppose to be safe when things aren't so good.... Oh wait yellen said everything was fine. Sigh ... The market chooses to drink the kool aid.
Great post...im ready. I bought my final shares friday...
may have another investment coming my way later this year and if i do i will double my position in Banro with it.
Quite simply the best breakdown I have EVER read about banro or any mining stock this was the kind of metric I have been looking for beyond technical analysis . In my ignorance I have been hoping someone would post a legitimate way to grade the pps and you have cracked it. I feel like someone just gave me a winning lottery ticket!!!!!
Will this board ever return to its former greatness?
Only if we start to contribute again.
Well let me be the first to begin.
I use to spencer has arrived or thespenc and rejoined ihub and everytime i come on this board i hate to see it inactive and such sad posts.
Time for a change and to recommit to the power of compound and what made this board great.
Shoving us down into the bottom of the pool
Can't come up with any reasons to explain it or reason why either
This was Banro's numbers for 2012 10K report
http://finance.yahoo.com/news/banro-announces-end-2012-financial-114833700.html
Nice article on Marketwatch this morning for Gold
http://www.marketwatch.com/story/gold-is-beating-nearly-every-investment-this-year-2014-03-21?dist=beforebell
I am glad you joined the group
I was feeling very upset until I read your posts and reflected for a few moments ate some dinner and played some scrabble with my daughters then rethought about your posts thanks for the encouragement and wisdom it is a nice addition to the board
Dog and Pony Show....
I'm sick of not being able to invest in quality names like banro that have true potential and grow based on what it does like dig up the one asset that has any true value left in this laughable mess of an economy we are in and today you got some bot destroying this stock and why? for what measure and what goal? I am so F^*(ing angry right now as i have to sit here and not based on anything remotely related to fundamentals or numbers or forward guidance or even the thing it produces...GOLD. Rather lets just thrash the entire industry and take all the gold and dump it into the pacific ocean so that we can crawl to the federal reserve and beg them for their paper fiat worthless debt ridden good intentional currency and get our lucky under 2% which won't even cover my taxes that i pay to the same people.@^$*&@%^#*%@*&^#&*%!
See... fed will be allowed to crash gold along with other fiat currencies working with them
and as long as everyone is willing to hold on to a paper and buy into the mantra that is only the promise of the united states sovereignty and good intentions....with that you have do ignore the out of control debt, over spending, believe that taper is not buying at all, that we will grow by 5% soon, and that no other problems exist outside of the united states, and i could go on but.... the main theme is you have to believe a fiat currency is worth more than gold bullion.