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BAA Banro reports strong support from shareholders for management's director nominees at upcoming annual and special meeting on June 27, 2014 (0.48 +0.04)
Co is encouraged to have received strong support from shareholders as well as ISS and Glass Lewis thus far, and asks shareholders that have yet to vote to support management's director nominees to enable the current Board to continue to build the Company and create value for shareholders. Shareholders who have not yet voted should vote their blue proxy no later than 4:00 p.m. (Toronto time) on Wednesday, June 25, 2014.
"We have listened to our shareholders and in response, have made great strides in our corporate governance, including undertaking a rigorous board renewal process that resulted in the recent appointment of three new independent directors and an independent chairman. The two leading independent proxy advisory firms - Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC - have recognized our commitment to improvement and have recommended that shareholders vote FOR all of Banro's director nominees on the BLUE proxy."
Read more: https://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz35TaVAbKB
I gotta be honest I thought that 1 million+ buy
On Friday after hours would have done a little more for us? I mean I'm happy to see 4 pennies in the green but TGD and LSG both up .+20 today and we is way bigger than they are ... I think? Anyways just thought for sure that we would have sprayed .54at least .... Oh well now I got to keep my day job a little longer
How can you put one of the board moderators on ignore? More specifically how can you put this person on ignore? It would be like throwing Investment Banking PDF Files that one would pay alot of money for in the garbage? or Throwing away all your Chart setups and screener setups in the delete can?
Moosey kinda is the board hippy she/he isnt and doesnt take anything seriously just steady as she/he goes..if they dont get offended...why should you?
Post 2127 is all i have to say...
braised007 Saturday, 03/22/14 03:40:12 PM
Re: None
Post # of 4812
I've been intrigued by this stock for a while and researching valuation metrics used in the mining industry. When finding past takeovers/buyouts, it seems that the magic valuation metric is $ per resource ounce, and that metric averages around 19.5% of current spot. This is great, because BAA has a &^%$load of resource ounces.
Back of the envelope valuation:
current spot, we'll say $1,300, multiplied by 19.5% = $253.50. The value per resource ounce of gold, based on past takeover transactions at a little lower than todays spot (always be conservative in valuation) is $253.50.
BAA has about 11M resource ounces. Let's call it 10M.
10,000,000 resource ounces x $253.50 = $2,535,000,000 valuation
They have 276,000,000 fully diluted shares.
$2,535,000,000 / 276,000,000 = $9.18 / share
Let's say they offer another round of preferred's just to be uber conservative, and the fully diluted number of shares grows to 315,000,000.
$2,535,000,000 / 315,000,000 = $8.05/share.
Let's be even more conservative. Let's say due to Yellen and the gold price fixing scheme that spot gets crushed to $1,100/oz.
Let's now discount a country/geopolitical risk factor from the valuation metric of 19.5% and say companies get purchased for half that amount, or 9.75% of spot for resource ounces of gold.
$1,100 x 9.75% = $107.25 per resource ounce of gold.
Let's take it even further and say that it's impossible to get to half of their quoted resource ounces of gold, and they can only get to 5M ounces.
$107.25 x 5,000,000 ounces = 536,250,000 valuation. We'll keep with our assumption of another round of dilution leaving them with 315M common shares.
$536,250,000 / 315,000,000 = $1.70/share
Now let's use todays figures and a bullish call on spot gold. We'll say they get taken over in 2 years when both mines are rocking and rolling and they are in the process of using internally generated capital to build new mines to tap into that 10 million ounces of gold they're sitting on. In two years let's say spot gold is $1,500/oz (though I do think it will be much higher). We'll use the metric of 19.5% of spot for resource ounce of gold.
$1,500 x 19.5% = $292.5 per resource ounce of gold.
$292.5 x 10,000,000 resource ounces = $2,925,000,000 valuation
$2,925,000,000 / 276,000,000 shares = $10.60/share
$2,925,000,000 / 315,000,000 shares (if they offer more preferred shares rather than take on debt) = $9.28/share
We could go round and round all day with assumptions for all of the inputs (thank you Excel). At the end of the day, unless I am missing something, this looks to be at least a 5-bagger.
Disclosure: I am lonnnnnnnnnnnnnnnng BAA
Why do "YOU" care?
Why do you care?
I assume those are institutions or a licesned trader cause they don't have pay fees to a broker so they can buy one or buy 100 lot blocks a thousand times in a row and they only have to pay for the host of the stock.. I assume that's how it works
Note: Colors in the Time&Sales window are the price trend; pink denotes price is droping, green denotes price is rising and no color means the last trade was the same.
Trade Indicator
Code NYSE NASDAQ
@ Regular Trade Regular Trade
A Acquisition – Cash Acquisition
B Average Price Trade Bunched Trade
C Cash Trade Cash Trade
D Distribution
E Automatic Execution
F Intermarket Sweep Order
G Opening/Reopening Trade Detail Bunched Sold Trade
H Price Variation Trade
I CAP Election Trade
K Rule 127 (NYSE only) or Rule 155 Trade (AMEX only)
Rule 155 (AMEX only)
L Sold Last (Late Reporting) Sold Last
M Market Center Official Close
N Next Day Trade (Next Day Clearing) Next Day
O Market Center Opening Trade Opened
P Prior Reference Price Prior Reference Price
Q Market Center Official Open
R Seller Seller
S Split Trade
T Extended Hours Trade Form–T Trade
U Extended Hours Sold (Out of Sequence) Extended Hours – Sold Out of Sequence
V Stock–Option Trade Stock–Option Trade
W Average Price Trade
X Cross Trade
Z Sold (Out of Sequence) Sold (Out of Sequence)
1 Stopped Stock – regular
2 Stopped Stock – last
3 Stopped Stock – out of sequence
Here is the time and sales for you guys
Time Price Volume Market
16:54:16 t 0.4834 1034344 NDD
16:08:22 6 0.44 109289 AMX
15:59:59 e 0.473 2 AMX
15:59:57 f 0.4731 100 BATS
15:59:57 f 0.473 600 BATS
15:59:57 f 0.4731 300 BATY
15:59:55 f 0.4783 500 NSD
15:59:55 f 0.4785 600 NSD
15:59:55 f 0.4784 100 BATY
15:59:55 f 0.4785 100 BATY
15:59:55 f 0.4785 600 EDGX
15:59:55 f 0.4785 600 ARCA
15:59:52 0.4799 6050 NDD
15:59:51 f 0.48 6050 AMX
15:59:50 f 0.48 1400 AMX
15:59:50 f 0.4793 100 AMX
15:59:47 f 0.4798 300 BATY
15:59:47 f 0.4798 300 BATY
15:59:47 f 0.4798 400 BATS
15:59:46 0.4798 100 BATY
15:59:46 0.4798 100 BATY
15:59:46 0.4798 100 BATY
15:59:46 0.4798 100 BATY
15:59:46 0.4798 100 BATY
You guys are right & that's a nice big block
After Hours Time (ET) After Hours Price After Hours Share Volume
16:54 $ .4834 High 1,034,344
Read more: http://www.nasdaq.com/symbol/baa/after-hours#ixzz35DXUSbEu
I always leave to early and miss out on the fun... Damn
Doesn't matter because this didn't happen
Liberty Street must issue a revised dissident circular to all shareholders no later than the close of business day on Wednesday, June 18, 2014 with the corrected information clearly outlined on the front cover, as is normal practice when such fundamental errors occur.
The revised dissident circular must be sent by courier to all shareholders no later than noon on Friday, June 20, 2014 to ensure that they are properly informed before the proxy voting deadline on Wednesday, June 25, 2014.
All proxies solicited by Liberty Street must be dated after receipt of the revised dissident circular in order to ensure that shareholders have access to factually correct information.
So we got some trolls full of beans and that's it.
Anybody see thAt trade after hours ?
109 ,289 @ .44
I didn't get one and I like you own more than the average flipper
Gosh if they try really hard maybe they can get it down .435?!
All this manipulation and outrageous postings .... hmmm? i wonder why?
Weak weak weak hands GOooo awayeeee!!
Yet another nice breakout above .50 being turned back cause we all need our nickel profit... ppfffhtt!! ohh well.
Drop us three cents on 24500 shares and gold is now up $5
Okay it's pretend time again
There are different kinds of inflation and the current is what the fed can live with because the Burden is on us
Resistance one resistance two I use a 5 year weekly and the monthly shows longer term levels that override minute daily intraday
Yet another epic post. My respect for you in regards to banro matters is immense. Fantastic post
In my 5 Year Weekly .50 then .54,.62,.67,.73 then 1.08
and then we finally reach the Price Level $1.39 the R1 is 2.44 R2 is 3.09 we are seeing confirmation with this volume today
diversify my portfolio...is all i use it for...
i have life insurance vehicles, other miners i like and built into aka RIC, AUMN,RBY,TGD REE, LSG,PZG etc and so forth and i was going to add a bond portfolio that i could get a nice monthly income from but now that whole industry is about to blow up and all that left is junk bonds... still if they pay 7 to 10% and you hold them its steady income but the gold bullion is a hard asset. You can always rely on it and someday if i decide to give it too my daughters i should be a lot more valuable in 50 years than today.
Yea I'm waiting for Mark Hulbert of Marketwatch to start with his standard
pro quo of hate mongering articles about Gold.
my only regret today is that two weeks ago i didn't buy a couple more ounces of gold. I try to buy one ounce every month. I am planning on doing this for the next 20 years.
HAHAHAHAHA!!!
that made my day
Now if you trading junkies can be patient
You can make a whole lot more than a dime profit today.... That's if you know all that this board knows about this stock and how so on and so forth ... But if your just around for the free coffee ... Welllll
Junior Miners Breaking Through Resistance to The Upside
Thursday June 12, 2014 14:14
The gold (GLD) and silver (SLV) price may be reversing over the next couple of weeks. The junior miner gold ETF (GDXJ) is reversing above the 50 day moving average and breaking above its recent three month downtrend.
When the huge cash positions waiting on the sidelines or taking profits in the equity market rising on low volume return to the ignored resource sector the gains could be huge. Already the volume in GDXJ in 2014 has jumped outpacing 2012 and 2013. On the other hand the S&P500 has been rising on light volume which is often a warning sign that the extended rally is getting exhausted.
This indicates to me that possibly the large institutions are accumulating the juniors after all the retail investors jumped ship. Prices could jump rapidly in the Toronto Venture Exchange where most of the legit junior miners are traded. These small cap juniors could gap higher as the major institutions are hardly exposed to the mining sector at all.
It appears that some of my charts are showing a potential reversal in the precious metals. Get ready for an incredible bounce higher in precious metals. Here are five reasons why.
1) Increased M&A in the gold mining space and equity investments in junior miners should tell you where the smart money is headed. Take a look at the recent Osisko deal where Yamana outbid Goldcorp for their Quebec mine as a recent example and a straw in the wind. Look at Gold Resource Corp (GORO) and Hecla’s (HL) increased investments in the junior space.
2) Gold and silver are trading way below their three year trailing averages which indicates that the price is way oversold and a major bounce is likely. Furthermore, gold is priced below production putting strain on future supply as miners mothball marginal projects.
3) The equity markets are too high reaching extreme overbought and speculative levels similar to 2007 before the crash. A correction in equities sparked by fears of deflation could spark the return to gold and silver as a safe haven as Central Banks may continue to push negative interest rate policies similar to what the ECB recently announced.
4) Gold and silver have been basing for three+ years and the junior miners have been in arguably a seven year bear market reaching historic oversold levels.
5) Watch geopolitics especially the Ukrainian-Russian and the Middle East situation in Iraq, Libya, Syria, Iran and Turkey. If tensions escalate it could send metals, commodity and oil prices soaring. Do not be surprised to see further chaos and increased violence as the U.S. pulls its troops out of the region.
Disclosure: I own physical gold and silver and many junior mining stocks which are not mentioned in this article.
By Jeb Handwerger
http://goldstocktrades.com/blog
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
I think I broke the ignore button
Sheesh
Marc Faber Blames Media for Stifling Gold Investment (Video) http://blog.europacmetals.com/2014/06/marc-faber-blames-media-for-stifling-gold-investment-video/#.U6Cir06xmBE.twitter via @SchiffBlog
Starting to think we have been used all along
Going back months while the pps seemingly has been unable to move up while all the factors that should of caused banro to move up have come and gone aka gold bouncing off lows and rally's , beating last years earnings, second mine hot commissioned, short interest disappears/declines, this board and yahoo at the same time suddenly comes under attack for weeks at a time, fundementals become pushed into the shadows, huge institutional buying and yet no affect, refinance of debt and restructure of cashflow no affect, all in costs lowered no affect then.... These liberty guys show up .
You can be a total weekend warrior investor and see what's been attempted.
CPI doubles housing starts down, may building permits down
Tapering just doing a marvelous job now watch them try to suppress gold and BAA showed up on briefing. Com today about the proxy... Same news but current board worried
Spot gold down $10 overnight ... Yep
Fantasy island in the USA ... Sheesh
How many more holes in the boat can they plug?
Just always awe struck that this fed and the media from bloomberg to cnbc to any paper publication and its sister web sight can continue the shell game day in..day out and traders aint buying it and most institutions aint buying it but most private financial advisors ARE buying into it and half to in order to make commissions and keep the lights on.. but it just goes on and on and on... GOLD should have went up $50 today with the IMF coming out and coming down hard on the U.S and all the mess that is like a pandoras box now...almost fully opened.... nope finished a dollar and .20cents down last i checked.
http://theeconomiccollapseblog.com/archives/the-united-states-of-debt-total-debt-in-america-hits-a-new-record-high-of-nearly-60-trillion-dollars
Did you know today our National Debt broke 60 trillion this week? THATS INSANE!!! and they keep injected billions into the market daily when bad news comes out and they blow up any okay news like the empire index like its walkin talkin jesus or something.
How much longer can they suppress Banro also? and all the Gold Miners? we are past the worst month of the year for us now... STICK THAT IN YOUR PIPE GOLDMAN SACHS!!!!.. oh well..... i never ever thought i would live to see things get like this... never.
Well I hate to see the transfer of wealth that's been going on since I was a kid. But like you say if our markets are going to do what they been doing then mAybe something good will happen when dubia starts it's gold program. Just Erks me that my tax dollars and my gas dollars are responsible for dubia now getting gold
You really are fantastic at doing dd
Great work and I thank you for it. According to my 5 year weekly if the adx trend stays we should get up to the .70s over the next three weeks give or take a week once it approaches the switch over the negative line should start to cross it down also then we shall see the pop over a dollar
In what world does UBS live?
ABX Barrick Gold target lowered to $18.50 at UBS before the open (16.61 -0.14)
UBS lowers their ABX tgt to $18.50 from $21.75. They believe the gold price push of late has largely arisen from short-covering, rather than the emergence of new buyers. They believe the Fed 'will not alter their tilt toward tapering nor interrupt their debate about when to tighten and how quickly' given the emergence of encouraging U.S economic data points. Together, they believe this lack of fresh demand coupled with the improving U.S economy will result in gold remaining in a range-bound state.
Now in that statement the have one contradiction.. if there is no new demand and two if shorts are covering thennnn? yes they see gold has bottomed and going higher?
They believe the fed keeps on tapering... based on encouraging us data?
I just sit somedays and read analysis like this and shake my head that either they are blatant liars or so completely out of touch with whats going on outside of the glass palaces which are UBS that its comically stupid to the point of insanity
the last contradiction is if the us economy was improving...that... gold would see pressure shorts wouldn't be covering and this is only considering demand in the us not the world.
either I'm a complete moron and dont know what i see all around me and the data to back it up or UBS has some magic papers that we all dont.
Gold Spot Price Is green Now with some power...
here we go and should trickle into Banro this afternoon if it continue higher into 2:00 p.m set
if other people only knew that gold just has to stay right here and Banro makes huge profits with AllinCosts dropping below $900 an ounce going forward from quarter 2... thats why there is so much buzz on a institutional level and yet this also goes to show that retail investors who are actually seasoned traders with abilities to see in advance are few and far between and it adds a lot to this people that participate on this board and own Banro. YOU all got the gift just wait it out now and do what the institutions are doing accumulate.
if other people only knew that gold just has to stay right here and Banro makes huge profits with AllinCosts dropping below $900 an ounce going forward from quarter 2... thats why there is so much buzz on a institutional level and yet this also goes to show that retail investors who are actually seasoned traders with abilities to see in advance are few and far between and it adds a lot to this people that participate on this board and own Banro. YOU all got the gift just wait it out now and do what the institutions are doing accumulate.