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So namoya isn't perfect & we throw in the towel?
I'm sorry tech and braised but reread the report. When we all assume like the first quarters rainy season that everything is going to go off without a hitch well... Anything less and it's disappointment . Twangiza is killing it. Namoya is extra IMO. So what if "maximum" output isn't projected till 2015 because somebody making the calls to buy that equipment goofed. Gold is still coming out of namoya.
Does that mean all the tonnes disappeared? Does that mean gold spot and the trend for it stops? Sorry but I was hoping for perfection but that's not reality... Nothing goes perfect And banro don't be $5 a share this year... Oh well....what if spot gold climbs to 2000.00 by the end of this year?
Namoya is still going to contribute ... Everyone be happy. This will also stretch out the mines life. Banro is still lowering a in costs consistantly Q on Q so...
I don't know ... Don't let others here who don't even own shares probably or have unrealistic timelines capitalize on news. Not great but IMO considering twangiza good news for now.
I'm very happy with twangiza it's a monster & just getting better
Yes namoya ran into a problem that is not stopping production but slowing it down. There was no namoya last year. I'm disappointed but I expected something like this could happen and in an imperfect world it did. They rushed it and someone in charge messed up in the ore analysis. Looked to far ahead and didn't anticipate micro dust gumming up the crushers I guess. At least they didn't let it ruin the machinery or ruin the gold thru waste. Still wait and see but doesn't change the facts that have been posted here many times.
Basically i want a 100,000 shares of Banro... i dont want anyone to know who i am, I dont want that size trade going thru because it will explode the price, i want it at the ask, i dont want to pay thousands in transition fees for me or my client.
No problem we will use the NDD and you will pay one fee this will go around the MM's and get you your position at the best price without putting any pressure on the PPS until its filled.
Here is the answer i was looking for and you all might find it interesting too as to what and why banro is trading like it is today.......
FreeRealTime.Com quote :
Time and Sales for Banro (BAA) Jul 09, 2014
Symbol:
Time Price Volume Market
13:29:31 f 0.461 100 NDD
13:29:01 f 0.461 100 NDD
13:28:31 f 0.461 100 NDD
13:28:01 f 0.461 100 NDD
13:27:46 f 0.461 100 NDD
13:27:16 f 0.461 100 NDD
13:26:46 f 0.461 100 NDD
13:26:31 f 0.461 100 NDD
13:26:01 f 0.461 100 NDD
13:25:46 f 0.461 100 NDD
13:25:16 f 0.461 100 NDD
13:24:46 f 0.461 100 NDD
13:24:31 f 0.461 100 NDD
13:24:01 f 0.461 100 NDD
13:23:31 f 0.461 100 NDD
13:23:16 f 0.461 100 NDD
13:23:00 0.461 500 NDD
13:22:46 f 0.461 100 NDD
13:22:30 f 0.461 100 NDD
13:22:01 f 0.461 100 NDD
13:21:46 f 0.461 100 NDD
13:21:16 f 0.461 100 NDD
13:21:01 f 0.461 100 NDD
13:20:31 f 0.461 100 NDD
13:20:16 f 0.461 100 NDD
13:19:46 f 0.461 100 NDD
13:19:31 f 0.461 100 NDD
13:19:01 f 0.461 100 NDD
13:18:46 f 0.461 100 NDD
13:18:16 f 0.461 100 NDD
The F stands for a market sweep order
No Dealing Desk (NDD) forex brokers provide access to the interbank market without passing orders trough the dealing desk. No dealing desk brokers work with their market liquidity providers, primarily banks to get better competitive bid and ask prices.
With true No Dealing Desk brokers there are no re-quotes on orders and no order confirmation. This, in particular, allows traders to trade during news time with no restrictions on trading.
An NDD broker can either charge a commission for trading or choose to increase the spread and make trading commission free.
No Dealing Desk brokers are either STP or ECN+STP.
STP (Straight Through Processing) forex brokers send orders directly from clients to the liquidity providers. The more there are banks and liquidity in the system, the better the fills for the clients.
The fact that traders have access to the true market and can execute trades immediately without dealer intervention is what makes the platform STP.
ECN (Electronic Communications Network) forex brokers additionally allow client orders to interact with other clients' orders. ECN Forex broker provides a marketplace where all its participants (banks, market makers and individual traders) trade against each other by sending competing bids and offers into the system.
Participants interact inside the system and get the best offers for their trades available at that time. All trading orders are matched between counter parties in real time. Often a small fee is applied.
Sometimes STP brokers are discussed as if they were ECN brokers. To be a true ECN, a broker must let clients show their own order size in the system and allow other clients to hit those orders. With ECN broker traders can see where the liquidity is and execute trades.
Among the main reason why traders look for NDD brokers is transparency, better and faster fills and anonymity.
Transparency means that a trader enters a true market instead of the market being artificially created for him.
Better fills are a result of the direct and competitive market bids and offers.
Anonymity means that there is no Dealing Desk watching who has come to the market and is asking for an order to be filled, instead client orders are executed automatically, immediately through the market network and totally anonymously
1) Retail traders account for a small proportion of total volume;
2) Large traders are heavily using order execution software to break their large orders into small pieces.
I performed a very simple exercise and examined the first hour of trading in a popular stock, AAPL. There were almost 57,000 trades in the first hour alone.
By my calculation of how the trades were reported, roughly two-thirds of these trades were broken down into small pieces for execution. Over three-quarters of all first-hour trades were 100 shares. Of the small, 100-share trades, I estimate that about two-thirds were part of larger trades that were executed in pieces by specialized software.
In other words, if you were to simply look at trades and trade volume, you'd conclude that small traders were dominating the marketplace. The reality is, however, that large traders continue to hold sway, but have succeeded in disguising their presence.
For the trader interested in determining who is in the market and what they're doing, it is either necessary to re-aggregate the trade data by a conceptual reverse-engineering--a difficult, computationally-intensive endeavor not feasible for most traders--or it becomes necessary to make inferences on the basis of larger time units (1 minute data, etc.) that naturally aggregate the trades.
More on this latter strategy soon to come. Meanwhile, consider how the disaggregation of large trades increases trade volume on the stock exchanges, increases the bandwidth necessary to process market information, and potentially distorts such measures as NYSE TICK, Market Delta, and money flow.
This was from a 2007 article and its still true today.
100 100 100 100 100 100 100 100 100 ......
Thats called buying a position by melting into it while you hold the PPS down or even decline it and only a MM or Institution or insider can do this because they can do it without paying individual transactions fees....
Hahaha yea! Whodini could sing about this board
Fact: There were no bashers 'ever' when it was over $3.
Even this board it was a rarity to see posts ..maybe one a month. This all started here when banro went under a buck.
Now whats going on? what .48 to expensive for you? SHEESH
this just is never ever going to end.
The trading does reflect the hypocrisy of these entities
we won't buy your stock here but we will try to take the company and or all the assets it owns outright or at least seize control at this level meanwhile they downgrade,slander the sector, criticize the management, over berate gold, and they do this with an attitude that we are doing you a favor cause really everything from gold to the DRC aren't really worth our trouble...meanwhile.. they either pour millions into the stock trying to quietly manipulate it will increasing positions or spend 10's of Thousands in man hours to work both ends of the dialogue
If liberty or any other killer out there had gotten ahold of Banro i would bet my entire portfolio that IMMEDIATELY there would be a campaign like no other..,short of putting banro commercials on television and radio, to blow this stock up to $10 whether next quarter they started blowing gold all over the DRC or not. Oh well... I'm just a measly little shareholder who promotes Banro on its fundamentals and believes that Gold is always going to have true value and will be here long after the Fiat currencies are gone the way of the Oil Street Lamp.
I will continue to buy and hold this company because they have SO much gold yet to find that literally they got Billions if not possibly Trillions of dollars worth that they havent even discovered yet and unless when the polar ice capes melt and they find a giant Gold mountain up there... its the last place on earth to find the highest grade. I know what i got and i can wait and i know what its true value is... whether entities want to admit it or not.,,, probably not. lol
I'm thinking it may just have been either a wash sale
For them or they sold and made a dime/mickle profit and bought it right back?
Yea I never listen to him either but in doing dd on the jobs report I ran across his analogy and it was better than the usual so I thought I would post it
Well all I can tell you
Is tech and braised have posted legit numbers to their posts about insider purchases from Morningstar Sedar & other sources or you can believe some dope on the yahoo board which basically has become a spam commercial
Media Spins Jobs Numbers and Poll Showing Obama Is the Worst President Since WW2 - The Rush Limbaugh Show http://www.rushlimbaugh.com/daily/2014/07/03/no_news_drive_by_media_spins_jobs_numbers_and_poll_showing_obama_is_the_worst_president_since_ww2
The amusing thing to me is all
These people involved with banro from us to the workers to the banro foundation to insiders and board members .... Everyone ..everyone gains by banros stock price going as high as possible and the positives in accomplishing that at this point outweigh even the few negatives and yet here the pps sits. Even the excuse of spot gold price being a factor is becoming a non issue...No volume all of a sudden and those with the really big money who are set to gain the most who actually control it all anyway just just let it sit day after day. I don't get it and may never understand
Gee I wonder if we will hold .47 today?
Games games games gameszzzzzzzzzzzzz
Okay ... Gosh... Calm down
You will hurt my feelings.... Lol
Well Gold went BOOM? Banro... well... not so much
Be a great time to come out with those Tonnes reports early... instead of jerkin around...ya know?
I'm telling what you already know...
Both mines producing at commercial level ...we havent seen that before. Just Twangiza producing like this:
The Twangiza plant milled approximately 250,000 tons of ore with an average head grade of 2.73 g/t, an average recovery of 85% to produce 20,137 ounces of gold at a cash-cost of $978 per ounce for the quarter.
This is coming straight from the transcript:
Our production guidance for Namoya remains 50,000 ounces to 60,000 ounces for the second half of the year at a cash cost of $700 to $800 per ounce.
Our goal for Twangiza remains in production of a 100,000 to 210,000 ounces of gold at a cash cost of $650 to $750 per ounce.
When they give even a hit that a quarter like that is up next... and thats how its going to be quarter on quarter.. and gold stays above $1300.00 .. ill be dang if the PPS stays below $1.00 and they WILL pay off debt earlier than anticipated and they WILL show massive profits and every analysis WILL jump all over this stock...if things play out before that quarter it will already be cooking closer to $3 than .70 and i believe that .... its just going to get better and better and better.... we have had our hard times for over a year and a half... the trend is changing.
Gold demand twice as big as world council tells you.
http://m.seekingalpha.com/instablog/7779911-willem-middelkoop/3024573-chinese-gold-demand-is-twice-as-big-as-world-gold-council-tells-you
Until pre-earnings Tonnes Report nothings really going to happen....
when they show twangiza blowin' and goin' with all the upgrades done that will lift us. If they surprise and Namoya was faster than suspected and comes in early that will cause earnings to far surpass guidance and last year...it goes up big..but I'm just not betting on it. It should be done by third quarter. No frills no hurry... once everything is lined up then the bum rush to get in below a $1 begins.But momo traders will be pessimistic or unattentive and miss it. Pessimist will only point that its just going to go down again...they dont believe in banro so what else would they say.
Regardless i would be surprise if today isn't just another average day...with the volume so low.
i have free trades
That 700 share buy was mine this morning....
usually i can keep it hid when I'm buying but ...all things considered. Banro is an investing play. You accumulate as much as you can as cheap as you can and like tech and investorwisdom say... one day it will be much much much higher. 5 year chart is primed to have the ADX move into positive trend...when it does you will see the pop! and this will confirm the beginning of a massive uptrend.
No no no you're going down I said go UP!!!!!
Nothing stopping you banro but you now go up
If you say so
But charts are a part of it too. They are a tool to aid in your entry and exit levels.But it isn't something to solely rely on it's just one part of the total package
Okay we won go up now!!! LoL
Seriously all the folks on the board should go out and buy about half a million shared each to show appreciation
mr bollinger this why gold and goldiners are going higher
http://finance.yahoo.com/blogs/talking-numbers/bollinger--here-s-why-gold-is-going-higher-231157465.html?soc_src=mediacontentstory
Short interest report dropped again... Whooray
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
6/13/2014 755,300 440,157 1.715979
5/30/2014 771,070 564,741 1.365352
5/15/2014 823,995 517,530 1.592169
Happy bday to abc and moosey
As I sit here all the pressure I have been grappling with is easing now that our company won't be taken over by hostiles and gutted .... I believe it just gets better from here
There is one Point i would like to make..
It makes you feel good that so many firms. investment groups, etc... want Banro. Either to own the company as a whole or control of it.
Perhaps...,i apologize...
i just think you should own stock in the company you have an opinion on or at least manage the board even if its just 5000 shares.
If you are not trading this stock then why are you even bothering to be here? what a waste of your time.
Just remember all this DD is great but...
the few things that really matter are as follows:
What do they do? Produce Gold.
Do they have proven Resources? yes
Can they reach them? Yes
Do they have the Operations in place? Yes
Did they have put them in at a reasonable cost compared to these resources? At the time yes but they have over run costs in the past and had issues the last two years.
Did they resolve these issues? yes and some are still wait and see
Will Revenues be large ? Yes
How long will they produce these revenues? For years
Is the debt manageable and if not is funding still available until these revenues begin to generate? Yes
When will they be profitable? Already profitable but contingent on price of spot gold and consistency of operations to pull gold from the ground
Is golds trend currently profitable to Banro? 1st quarter no they missed because of prior revenue demands from former CEO and other preferreds and etc and so forth But have been lowering all in costs and the third quarter should show what this company can do. First mind should show massive production this quarter by itself.
so is there a chance they will run out of money by the third quarter? No they are fully funded thru 2015 and Gold continue to trend up while All in Costs continue to trend down.
So patience is called for till the third quarter? yes However investors LT are exasperated and also there is a fight to try to gain control of assets... so still risky but that is investing. This is not as risky as most of the other stock in the DJIA,Nasdaq or AMEx.
You probably shouldn't trade stocks. Much less this one. You dont have the patience for it. Seems that way after that post.
Ill just be glad when this week & month are over. :P
Im tired of the arguing and now not even over Banros true fundamentals anymore. Over some zipperheads in an investment group. Just another distraction and yet here we are... sick of it all. Just want my investments PPS to go up based on its merits not some group or some institution or some other reason.
Just go up. I want to be wealthy and i want to quit my day job and i can't do that until i get some MoMo in the PPS ... i want to see a 45 to 90 degree angle up. I dont care who we have to run over, buy out, sell out, but let it happen because for the first time in two years its based on how much gold banro is pulling out of the ground and how much profit they are making going forward month after month year after year. Tired of all this bull$hit.
And yet the PPS games continue we r red
Just goes on and on and on week after week.
That's beautiful off to twitter world it went
WHY do you care?
Gold spot went green
It may start to get crazy at some point
Write "go pound sand" on it
And return to sender