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Fed is all about the dollar
They print it and have bought trillions in bonds and sold trillions in treasuries. The problem is this. We sold all those treasuries to china before QE started then they devalued the dollar with QE so essentially china paid a dollar for the debt and united states is paying them .75 for their trouble. They have artificially suppressed and lied about inflation because in 5 years everything has doubled or tripled and our dollar is less valuable and since we are a credit economy there are no assets to grow along with those prices well.. there was one... homes.
Wall street commoditized and turned them into something you can trade our so after they crashed they are not and won't come back or at least not at a pace to keep up with our ability to sell them because now there is a trader mentality to it.. i say its worth $500,000 someone else says ill give you $50,000 people panic and are desperate and they sell...meanwhile they keep building more and devaluing the current ones, mom and dad aren't saving that money either they have to give to the government in taxes and pay to keep junior in the basement cause there are no jobs that pay enough to cover his xbox habit.
Meanwhile the feds starting to lose its grip and everyone is waking up and realizing there is inflation and its possible that its going to not go up a little but ALOT. Wait till gas hit $5,$6,$7 a gallon and the fed has used up its one tool lowering interest rates and QE to fight it. Now there is talk about going negative interest rates and banks CHARGING you for your savings or charging you to buy CD's etc...
The real problem like i have stated before is the debt...they can't fix it without cutting everything and we now have russia,iran,north korea letting us know that you will never be able to cut defense.
Finally we have china which even the fed will GLAZE over this afternoon and downplay it. But its imploding because of no growth and a government who puts out fiction for numbers.
So you would think Gold could be the answer and it is but this Fed has got other countries drinking the Kool Aid and devaluing their currencies. At some point there will be an aha moment and Gold will come off the chain and whoever has the most and whatever companies are in it or trade it will become king but the fed is not going to stand by it or try to support it ....they want you to buy their product while they completely do things to ruin it. Which in turn will ruin us.
You got a momo Gold player who uses Banro who has exited their position this morning before the fed speaks... MM has a customer who will buy up more banro and just so happens all those characters who paid between .65 to .76 are the targets ... who can't drive a stock down lest someone is selling and thats what we have today. The facts i am always harping on about Banro are of no concern.
This will make you Smile!!!
http://www.bus-ex.com/article/banro
Nice article on Banro...first hit on Google too.
I should seriously consider another future endeavor to make money.....
When you can't count on fundamentals, chart setups, or even the simple fact that the stuff you produce... is gold and yet knuckleheads would rather spend money in shares of other companies that are either broke, bankrupt, topping out in a market that has been hyper inflated by a Fed convincing everyone that the Jim Jones Special Edition Kool Aid is what you need to be buying and drinking....and some institution using other millionaires money can with a computer program control Banro..... sigh...sorry very moody blue today.. would like to of seen .70 at least held for more than just a day.
That my friend depends upon the picture
Lol jk
I love the picture of your dog...
even though you are mean to me sometimes... and yes i do have anxiety when i see the powers that be bust us up like they did today. FOUL i say!!!
Oh well the games continue...
with our stock. I wish Grammercy or insiders or somebody would put an end to this ignorant insipid attempts to churn stock or shake out weak hands. SOOOOoo getting old.
If you look over recent quarters and look at recent p.r.'s put out by Dr Clarke it paints a picture very well.
Third quarter of last year Twangiza was already increasing tonnes so for the fourth quarter we should see that up even more if...if.. the rains that they reported and had to build a extra building for didnt compromise things a little. You also got Namoya coming online last quarter.. Dr Clarke said 9000 tonnes a month but im will to say half that for the last quarter cause everything was just getting started and you know how something new is...all the preperation in the world doesnt get the bugs worked out but still we will see some contribution which is better than zero the rest of 2013.
But let me emphasize it is all the numbers projected and all the numbers starting in 2014 that will be important. We wont get 1st quarter 2014 till around may but they should crush it. You got twangiza in industrial output going full on in second stage and you got Namoya going building up to commercial output.
If they have any Deposits closer up if they get just some extra deposits that were a little bigger than survey you will start to see Dr.Clarke raise projections and that will cause Banro to go over $5 now IMO
Remember this is the year since 2002 they have been building up to and they projected to get their all in costs down as they thought gold was going to get back down to under $1000 an ounce.We see now the exact opposite it true. Now we know eventually the Ukraine thing will get resolved but there has been some damage done and i believe the Fed has done irreversable damage to the dollar. I watched warren buffet get on t.v. the other day and try to downplay it all but thats easy for him to have that kind of attitude when you are him. A billionaire, semi retired,and you want your businesses to do well..he sold himself out IMO buy not admiting that the fed is manipulating the dollar and inflation artifically and that all that printing wont hurt. That being voluntarily blind IMO. No we got a good stock and blue skys going foward..Yes there will be other analysts trying to cap it or downplay it or outright attack it but when numbers of tonnes start coming in and Banro shows a profit THEY CANT STOP IT FROM GOING UP they will have to upgrade the stock and give us respect that is overdue.
This is not a day trading stock...
well you can but you need to have 100,000's of shares so that you can make a nice profit and still be able to build in and out ... Banro is an investment... if you look at the intraday yesterday someone bought 850K shares near the close and this morning , i believe, when Baa went to .76 they started to sell and dropped it cause they sold all of it . Why? well if it was one entity then they probably made nearly a $100,000 in two days and its friday and lots of things going on globally and GDX pulled back at first because michigan sentiment was coming out at 9:45 which it disappointed but lots of things going on meanwhile most MOMO players don't watch or care about a stocks story they just trade technicals for the most part...and someone cashed in... IMO they will miss dollars for dimes and the time to play jack and jill is running thin for Banro. I believe they are going to crush it when they give the 10-k and forward guidance for 2014.
Big money loves momo traders cause it makes volatility meanwhile they continue to add and wait.
Looks like in the intraday we had some profit taking this morning.... yesterday there was a 900K buy and this morning someone sold about the same...buyers remorse? maybe but i think because it went to .76 so fast they made $100,000 in two days...thats speculating the entire lot was one entity. So leads me to also believe that they cleared before say March Michigan Sentiment came out which disappointed but before that GDX starts backing up as it always does before numbers come out... so with all that going on and you got someone with $600,000 position in play...just ideas.
Well here we go again....
this is SOOOOOO frustrating and can't express it in words.
Sometimes i wish MoMo traders wouldn't bother.....
made a dime today and Banro was going to break thru .77 which is a LT 5 year monthly resistance level as a matter of fact it did pop thru it in pre market and then everyone sells... oh well...when no one in that situation will even bother with the greater makeup of what is banro and sell anyways i guess they get what they want a dime or two profit and move on.
Nevermind i think this was being resolved to new mines and the DRC had given into 10% and i remember someone on the board posted that after a phone call to banro they specified that they were except with all their current mines.
Does anyone know if this ever got resolved?
http://www.engineeringnews.co.za/article/miners-and-government-fail-to-agree-on-congo-mining-code-2014-02-27
Because the date are running close to this rally in Banro also.. could be another catalyst ?
There you go .7299 and the stock is worth on forward projected tonnes $8
$4 is a discount against projected Tonnes with gold at this price.
Finally, its about time Mr.Market....
Sheesh i kept thinking how much more stock can they buy before they let it run? Days turned into weeks and weeks into months... finally i started thinking you know March is running out of days and sooner or later Banro is going to report and when they do even if 2013 was not so great the last quarter should be and the forward guidance is going to be a KILLER ...but looks like today was the day.. i would like to see which chart setup gave confirmation first however... i have been using a self designed 5 year monthly setup which by the way ...thsi is just the ice cream we havent even touched the cake yet!!!
That would be marvelous...tex
would like nothing else but to have bought banro in febuary and just ride it up all year...
roll roll roll in the hay!!!
young frankenstein if no one remembers ...lol
Holy Moly thats a new side to see...
you are awesome. I guess they feel since its their money and risk they are putting up and banro is giving them shares for that they can control it... hoping to frustrate and second guess ourselves and sell right before earnings and regardless they know and hope that everyone is too lazy or suffers from memory loss and won't do any DD on Banro so they can just consume it ...its not necessarily their money anyways... they got a rep and a computer doing all the trading and emotions are not involved...sweat retailers long enough and they will give up or give up cheap. MUST STAY STRONG>.. LIKE BULL!!!!! YA
I wish i had enough free capitol to not only buy more but be able to buy enough to break whoever this is , MM -Institution- Professional-etc, that is intentionally breaking Banro's trading up... if you look at the volume in an intraday 2 day setup.. you can see a monster battle going on.. i swear if i didn't know better you got a BMO,CIBC client or they themselves trying to finish clearing a short position or attempting to had a massive move into the stock the last few weeks... you can't hide volume and anyone can see it.
Yesterday someone bought a huge block and since then you will see multiple under 20,000 candles then in the intraday when the stock moves up a half penny pop someone will sell a small block 5000 or 10000 shares then again 5 or more green candles of buys...the stock starts to move up again a sell.
Gold off the chain today as is GDX and Banros short interest at all time lows and just a penny is all it goes up? INSANE MANIPULATION!!!
Short Interest Reports out this Morning
Banro short interest decreases again.....
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
2/28/2014 383,428 1,495,062 1.000000
2/14/2014 415,994 1,410,569 1.000000
1/31/2014 582,096 888,767 1.000000
Read more: http://www.nasdaq.com/symbol/baa/short-interest#ixzz2vlEJ8Xte
Short Interest Reports out this morning
Banro short interest decreases again.. i don't think it has ever been this low before.
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
2/28/2014 383,428 1,495,062 1.000000
2/14/2014 415,994 1,410,569 1.000000
1/31/2014 582,096 888,767 1.000000
Read more: http://www.nasdaq.com/symbol/baa/short-interest#ixzz2vlEJ8Xte
There report this month is going to be so important....
if they show what we are expecting.. then it will gap up and BMO/CIBC will have to eat crow for dinner.
There report this month is going to be so important....
if they show what we are expecting.. then it will gap up and BMO/CIBC will have to eat crow for dinner.
Did anyone check out the new pictures on Banro?
Of the Namoya mine? and
WOW didn't realize you were all here?!!Great ... lots of great comments...
I didn't realize that Namoya was so advanced after looking at those pictures ...i would consider raising its output. We might get a big surprise for the last quarter of 2013 and surprises on guidance. IMO
I hope so...
Gotten long and confident but i would like to see at least some progression beyond .64 for a change... I'm not asking for it to go to $5 which would be great but at least some gradual progression say .70 .80 and hold for awhile and build then progress on up a little more...gradually.
what do you mean by a Stop-Sweep is that literal as in the institutions or whomever has been accumulating did a final removal of all stop loss positions?
Wish this board was a little more active...
No one seems interested and the ones that do own stock of Banro either don't post on this board or really don't post at all... is there anything anyone wants to share about Banro? I get tired of talking to myself and would like some company about this subject.
You probably got the reasons right in your statement....
i think cost overruns were getting out of hand. I think projects getting done in certain time frames were in danger of being put off..and i think thats why Dr Clarke had to get the last financing deal..... it was costing them extra millions for the delays and of course killing the stock price as Gold itself was getting beat up. Exit 2013 and Dr Clarke as little as a couple weeks ago eluded that now....everything is going to be awesome in 2014 and going forward. So who knows? Maybe Mr Village will see his shares if he holds them long enough get over $10 and you know that can make a lot of hard feelings dissipate quickly.
Thats what i see it becoming in future also.. its impossible for Tonnes to essentially triple, revenue to double and Future AllInCosts to drop going foward and the PPS stay at .61 This is to say nothing about Spot Gold price continuing to north or at least sideways from here.
I realize Banro hasnt done everything perfect. They fired the former CEO really fast and then didnt really bother to address it and that was the main catalyst IMO when the stock started to slide. Gold spot price in 2013 was the fuel that perpetuated the stock getting oversold and left to die. Hard to say to how many banks or investment groups had ties to the former ceo or it could of been him selling his shares all this time? Regardless if the company excutes what Dr Clarke has forcasted... should be a marvelous year for all of us who own Banro Stock from 2014 and going foward.
You and I dont have an issue do we?
I mean this is the second or third time you seem to have something shall we say condescending in the nature of your comments toward something i have posted.
YES i realize they are different industries,sectors,companies I was pointing it out from a stand point they would prefer to put money in equities/stocks that are almost broke or have never made a profit rather than a company and or sector like Banro which even in its current pps is a better idea than those... i dont know why i have to explain this to you since you seem so sure of your own opinion or rather you dont seem to care about Banro one way or the other?
I realize this kind of thing may or may not be a hobby to you but its business to me.. or you may have a little fun money involved with banro and can come off complacent or maybe you just enjoy being a jerk to me but regardless. I think its annoying that i cant come on a Message board like this and comment or just make observations without having someone being trollish?
If im being unfair in my opinions please correct me and if so then i apologize in advance.
oh i got some more money ready...
i can go ahead and put a another $5 grand into it but i would rather see some reality in what Banro is and is to become come into some reasonable contact with the PPS for a change... under a $3 is just silly. oh well wait it out and have some patience.
Im still amazed ... the market will pay for DLIA 1.30 RSH 2.20 even GLUU is over $5 and
they have never shown a profit ever.... here we sit. I company which has already had profitable quarters, finished projects in 2013 which Gold was down.... the CEO has given out numbers publicly that are incredible... and institutions, ETF's, and investment groups have been increasing positions like crazy for months... and still a lackluster 170,000 jobs number comes out and suddenly we can't break .65 again. I don't know I'm dumbfounded at the backwardness of it all.
We got a real operator/professional working on BAA
Just got done revisiting an old book called the the Wyckoff Method and if one particular part is not true then its so ironic its chilling comparing the example to BAA's trading...
http://business.financialpost.com/2013/02/15/the-secret-trading-strategy-from-the-1930s-that-hedge-funders-dont-want-you-to-know-about/
I know I know ... conspiracy, witchcraft, evildoer... LOL well just read it and then set back and think about Banro and how its been trading the last few weeks.... all along with Gold and the GDX breaking out and climbing. Yet banro sits with its thumb up its who Haa.
While i appreciate your input in the past about Banro... i think taking BMO/CIBC lightly is like a slap in the face... our stock should have kissed .70+ today on Gold gapping up alone and BMO who is featured on Banro's own web sight basically went screw you ....we know its a inaccurate post but we are going to downgrade you anyway...just because. Makes me angry to see that kind of stuff go on.
Sad thing is Grammercy isn't on the web sight but CIBC and BMO are as are their advisor numbers....
seems like a petty move on BMO/CIBC's behalf and i contacted Banro via email to ask them their thoughts on this issue cause it looks bad.
Thanks BMO for that quick and accurate downgrade over liquidity issues...not!
the very next trading day right after the CEO put out a p.r. saying we completed financing to address liquidity issues...(waa waa waaaaaa debbie downer} Ironically it was also right at the start this morning when BAA was starting to pop a little. Intentionally wanted to kick the chair out from under the run.... looks dirty to me but i have personal interest in Banro which may cloud my judgement.
You are getting a $5 stock for .61 cents
225,000 ounces divided by 12 = 18750 a month
which meets Mr Clarkes projections of 10,000 twangiza 9,000 Namoya
He also said because of the financing they will be able to condense a lot of outstanding balances and reduced their all in cost to between $800 to $900 if gold stays lets say around $1200.00 and ounce the rest of the year and they meet the high end of that when they report first quarterly in May of this year that will give them around $67,500,000.00 in profits for the full year of 2014 take that to added diluted shares gives you earnings of about .02 ..that times p/e of 24= around $4 a share
If gold continues up then all numbers are higher/lower, if tonnes are higher then all numbers are higher/lower, regardless revenue from two mines is going to double, Financing is going to reduce Costs, Gold right now is going higher and you are getting IMO based on factual numbers a $5 stock with the potential to be a $10 stock going forward for..... drumroll please..... .61 cents.
Enthusiast Projections for Banro but possible ....
from a poster on Yahoo
Please correct me if I'm wrong because I'm still learning this game but with gold at $1350/ounce and an all-in cost of $900 an ounce, this is a $450/ounce net profit. Assuming an annual 225,000 ounce production starting this 3Q, 225,000 x $450 = $101 million net profit come next 3Q. Provided the P/E stays at the current ratio of 25, this gives a price per share of $10.... Not too shabby.
A fellows Projected Numbers on Yahoo .... $10 a share.. possible....
Please correct me if I'm wrong because I'm still learning this game but with gold at $1350/ounce and an all-in cost of $900 an ounce, this is a $450/ounce net profit. Assuming an annual 225,000 ounce production starting this 3Q, 225,000 x $450 = $101 million net profit come next 3Q. Provided the P/E stays at the current ratio of 25, this gives a price per share of $10.... Not too shabby.
Nice to meet you... and yes i like this board as well.