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and let the price games begin again...
chart setting up for a breakout move... broke thru my daily setup on the adx with volume and even the 5 year weekly setup i use is trending a move and then.... it starts this morning... large block buys and 100 shares drops the stock or in the case i just witnessed several 10,000 lot buys and then a pause and the ask drops a 2 tenths of a penny to keep in red and hide what i see is going this morning and yesterday and the last few days.. someone large is accumulating again and trying to hide it.
JEZUS Joseph and Mary can they please just leave it alone and let it trade? Surely if you have millions of dollars a couple dimes can't matter that stinking much? hilarious
Okay I see your points I was probably wrong with my assumptions
My understanding was this...
During his tenor gold was wrapped in the QE phenom and 1900.00 gold makes any gold miner look great meanwhile banros all in costs doubled , he got financing and all it did was disappear into operations, and he consistantly missed deadlines, overspent on twangiza and thus here we are directly attributed to him when we should have been here last year... And we would have made 2.3 million more in profit in the first quarter but we had to give it to him.... If I'm wrong correct me ... I can take it
I will take no less than $5
and thats not because thats where I'm in at its because its worth that all day long based on the two current mines minus expenses are LT debt ... beyond that its worth $9.50 a share based on discovered and known deposits but i have to account for Simon Village Debt and DeadLine boo boos. So ill take $5 and thats completely undervalued at $5... if Gold gets to bumping that price goes up as assets value increases.
its that whole hutu/tutsi thing much like Israel and anybody persian/arabian/etc... you live with it. It was horrible and even clinton said that was his #1 regret not acting sooner but DRC and the UN dont put up with much and even todays news was like ..." no big deal more of the same" attitude.
DRC & Rwanda traded slaps this morning http://mobile.reuters.com/article/idUSKBN0EN1JL20140612?feedType=RSS&irpc=932
Haha u guys r always raggin me for losin it...
And now just look at all of you ... How embarrassing! Lol jk
Guess what? Someone is liking us now and gold is off the hook. Iraq is a big problem ... Again! Wish I had bought another couple physical ounces last week but oh well
The pretty girl decides...
she decides who to date, where to go and when,she decides if your worth fooling with and if you play hardball... there is always a better looking,richer,fella waiting to take your place. Now a rendition of a gatlin brothers favorite....
" All the Gooold in Californiaaaaa is in a bank in the middle of the DRCeee in Banro's name so if your dreamin ...about taking BaNrooo it dont matter at all where you played before the congo is a brand new gameee."
Liberty buy 50 Million shares then u get an opinion...
Banro owning 100% of its assets makes being bought out or taken over difficult. If they just had partial ownership or billions in debt then those assets are compromised.... none of that is the case. All that wonderful gold...BILLIONS of dollars of it is sitting there and they own it all. I for one compare it to my little house which i own 100% but i also have a small refi loan from a few years back that i used to upgrade it...that doesnt mean the lender gets to take residence in my home..as long as i pay my payments on time they dont have an opinion. If i miss payments they will eventually want to take the asset away from me and resell it to get the value out of it.The market as well as the condition of the asset would bear the value....and right now the value of Gold is $1260.00 an ounce and Banro has Millions of ounces so....there is no we will force you to sell...thats not happening folks.We will take you over ...well no one wants to be a minority partial owner in a hostile work enviroment and to be honest i dont care who runs what with the exception of Mr Clarke who has walked in and actually fixed problems and owns shares..he cares and wants Banro to be a $20.00 stock someday. In fact everyone who is a "REAL" investor and actually owns stock in this company thinks the same thing. All other comments from the laughable trolls is irrelivant..they dont get to decide they just entertain us on boards like this with their wacky comedy.
If Liberty wants a seat or two then agree to some real terms and also step in like blackrock or other investors and buy about 50 Million shares to have an opinion about anything concerning banro.
But on the other hand they make a few valid points that the current board needs to acknowledge some of the issues they highlighted so let's see what happens
I read their list. None of them have any knowledge of running a gold mining company. They own no stock. They are just investment bankers looking to takeover banro conveintly while they are down and before they open two mines to commercial production. These guys are sharks and only point out banros failures that are not necessarily attributable to banro itself yet offer no solutions... I think one of them owns a billboard company ... Sheesh
nope remember naomi said they were focusing just on the next couple years paying off balance sheets and running twangiza and namoya at full capacity the other two are there and can wait.
Maybe he wanted to buy a new car or make a home down payment or who knows why but remember as Peter Lynch used to say there is a plethora or reasons for insiders to sell but just one reason why they buy.
Oohhhhhhhhhh.....
100 100 100 100 100 100 100 100 one hundreddddddda dadada
I think that us the first strategy in the chapter book how to be an institutional investor. Okay first thing you do us if the security is not moving or god forbid breaking out we must get our position in so trigger some stop losses then call bill and tell him how much we want to buy and what blocks are out there so we target that position and get them stirred up then have jimmy hop on the net with his team and do the usual bashed routine that should shake out a few more over the next couple weeks all together I say we will be moved in each day and control it until we are ready before any news gets out or those mines start producing real numbers regardless have Scott move us up slowly ahhhhhhhhhhhhhhgh this is b-a-n-a-n-a-s
Got someone gaming banro hard today
Just watched 20,000 shares stop a breakout and 100 share dumps take it down .02 cents in minutes average volume 100 day volume over 1.1 million today 79,000 ... Sheesh wizards man
I think most if the float has been swallowed up cause each time the last few weeks their has been any large buying it starts to react and the ask pops then immediately one of the larger players starts trimming on it to keep it under control
We throw a lot of words around and figures but when you get into the meat of that namoya post you put up from banros websight sheesh a not geologist like myself it's like reading Chinese but gold mining is more than digging holes
Well what I mean is now that we are approaching the quarter when both mines are up and running there is lots of activity suddenly going on. Insider option buying, institutional buying, new investment bank trying to put up board members, new CEO put in place, lots of jockeying going on and I consider it all good. Better than no action or interest at all
Here is the undisputable fact
Since 1996 when they bought Twangiza the idea of getting it up and running at full commercial production and then getting Namoya has been the goal and the dream or at least part of it ...the other part being Kamituga and Lugushwa but finally part of that dream is come to fruition and quarter after quarter for the next several years both mines are now going into full commercial production. All the planning, building,forecasting etc is done....they have spent 100's of millions of dollars since 1996 to get to this year finally. Its not going to fall apart, its not going to be taken over for a discount, in fact all the buzz with institutions is a real positive because they know its time to get your feet wet. Everything is about to happen. All the Good stuff is about to begin.
Employee stock options, which compose an ever-larger portion of executives' compensation, can make analysis tricky. Remember this: if the insider is exercising stock options by buying the stock, it is not very meaningful if the options were granted at rock-bottom prices. At the same time, when buying through the exercise of their options, executives do not have to disclose this. Outsiders can really only guess how much "real" buying is taking place.
Tips for Using Insider Data
Investors should consider the following guidelines when analyzing specific insider trading situations:
Some insiders are better than others.
Directors know less about a company's outlook than executives. Key executives are the CEO and CFO. People running the company know the most about where it is heading.
A lot of trading is better than a little.
One or two insiders at a big corporation do not make a trend. Three or more provide a better indication that something is happening. Generally speaking, solitary trades are unreliable.
People at small companies know more.
At small and mid-sized companies, virtually all insiders are privy to company financials. At big corporations, information is more dispersed and typically only the core management team has the big picture.
Stay the course.
Evidence suggests that insiders tend to act far in advance of expected news. They do this in part to avoid the appearance of illegal insider trading. A study by academics at Pennsylvania State and Michigan State contends that insider activity precedes specific company news by as long as two years before the disclosure of the news.
Conclusion
Here is the upshot: insider tracking is not easy, and it is hardly a guarantee of big returns. A pattern of trades might offer a cue for upcoming market shifts, and it is certainly reassuring to buy or sell a stock knowing that an insider is doing the same thing. Following the lead of insiders, however, will never replace diligent research. For more on how to find insider data and how it can help your investing decisions, see Keeping An Eye On The Activities Of Insiders And Institutions.
put nutsy back in ihub jail LOL!
JK but then again that would be tooo funny
You should all receive your proxies over the next couple of days...i have already read it online. Funny thing is those voting shares should stand for something besides voting and damn if i can find it.It should represent ownership of shares but in the same proxy I own more shares of Banro Common stock than all the board members combined. Neither Blackrock or Banro know how much stock Blackrock owns but they believe its more than 10% so like Braised said blackrock and franklin have power to put someone on the board if they choose.
Just from reading it when Simon Left when he left was a bigger deal to the company than we knew. Now after reading it i think bigger things are going to happen than we know. Very excited! everyone have a great weekend,
Nevermind You were right....
i have been reading the proxy that we all will/should get in the mail from Sedar and well here it is:
Name, Current
Position(s) with
the Corporation and
Municipality of Residence
Present Principal Occupation(s) (1)
Director
Since
Shares of the
Corporation
Beneficially
Owned,
Controlled or
Directed (2)
Richard W. Brissenden (4)
Chairman of the Board and a
director
Toronto, Ontario, Canada
Self-employed businessman.
December
11, 2013
Nil
John A. Clarke (5)
Chief Executive Officer and
President, and a director
Cardiff, United Kingdom
Chief Executive Officer and President of
the Corporation.
February 3,
2004
238,000
Maurice J. Colson (3) (4)
Director
Toronto, Ontario, Canada
Self-employed business consultant
(actively involved in providing strategic
counsel and assistance with financing to
emerging private and public companies in
Canada and to Canadian companies
operating in China, Africa, and South
America).
June 28,
2013
55,000
Peter N. Cowley (5)
Director
Surrey, United Kingdom
Chief Executive Officer and President of
Loncor Resources Inc. (a gold exploration
company).
January 13,
2004
Nil
Matthys J. Terblanche (3)(4)
Director
Toronto, Ontario, Canada
Self-employed consultant providing
corporate development services and
fundraising advice exclusively to the
mining sector.
May 30,
2014
Nil
Derrick H. Weyrauch (3)
Director
Stouffville, Ontario, Canada
Chief Financial Officer of Jaguar Mining
Inc. (a gold production company).
December
11, 2013
Nil
The Nil or/and number after each member state their holdings.
Um? a couple of those board members are founders and if i understand most corporate make ups sometimes preferreds hold 10 to 1 on voting but according to investorpedia:
Investopedia explains 'Voting Right'
Shareholders do not necessarily need to be physically present at the site of the company's annual meeting in order to exercise their right to vote. It is common for shareholders to voice their vote by proxy by mailing in their response. Unlike the single vote right that individuals commonly possess in democratic governments, the number of votes that a shareholder has corresponds to the numbers of shares that he owns. For example, a shareholder that owns 100 shares will have a 100 times more sway than a shareholder that owns a single share.
and i got those numbers straight off sedar proxy and if they have one vote it should amount to one share.Usually they get awarded shares instead of a check or along with a check. But blackrock and grammercy and the rest of the boys will if they want representation and say so on corporate matters will have to go along with that list cause those votes are legit and i believe they represent shares also.
Do You want to See who Truly Decides What at Banro?
Name Votes For % Votes For Votes Withheld % Votes Withheld
John A. Clarke 118,699,213 68.96% 53,426,424 31.04%
Maurice J. Colson 159,547,539 92.69% 12,578,098 7.31%
Peter N. Cowley 100,099,359 58.16% 72,026,278 41.85%
Peter V. Gundy 171,921,274 99.88% 204,363 0.12%
Arnold T. Kondrat 69,354,026 40.29% 102,771,311 59.71%
Richard J. Lachcik 67,531,959 39.23% 104,593,678 60.77%
Bernard R. van Rooyen 97,086,410 56.40% 75,039,227 43.60%
There it is boys and girls... they own the majority of common and preferreds and options and anything else and THEY DECIDE who is on the board and THEY decide what going to happen.
true but no one entity outside of the founders and board members hold preferreds.,,they will decide who sits where ultimately.
First, bonds are and issue of debt and if you hold the bond till maturity you get your base investment plus a % based on the terms of the bond. Banro issued bonds a long time ago to pay for the beginnings of infrastructure to the plant and the beginnings of twangiza and to pay some private investors back.
YOU obviously not only not know ANYthing about banro as a company or anything as it pertains to how the just finished raising cash in 2014 you also dont know how bonds work?!!
Also banro is already profitable.... probably the stupidest post i have ever read EVER on this board and that includes tegrity. Laugh out load Ignorant.
First Gramercy doesn't have control. Second Banro approached them just to supply financing for cash-flow and at the current pps their investment is under water .40 from their strike price. Third the only reason they took .85 is that they believe in the future this will be several dollars a share and they will be able to buy their options under a dollar. Fourth banro has never done a reverse split and will never do one and they have been here at this level before a couple times...5th BMO is a non issue as was CIBC until they got a former employee on the board. All these guys are investment banks or institutions just getting back their capital and making a profit. Thats it. They pretty much dont want to own a gold mine. they just invest or loan to those they think will be around to pay it back or have the assets to justify the cash loaned.
Podcast with Jim Rickards
got this off twitter
http://www.physicalgoldfund.com/podcasts/
you can kind of throw the technicals out the window on this one since it went below .65 and has stayed here for months. I grade on a 5 year monthly/weekly algorithm i created myself with certain indicators and frankly even the negative ones are weaking down so low.... it almost comatose
if you look at the link i posted i think they are an investment bank from georgia.
I own more shares than the average trader and i dont consider you or myself a flea. I own enough shares where i can make a difference in voting if it comes down to the smaller investment groups.
There's a few guys nominated that don't know anything about mining and the ones that do don't own any shares
Just as an example of this markets insanity
here we have banro who produces gold has opened one new mine and refabbed a second both for commercial production going forward for years to come and micro managed its LT debt and all the other bullish things we all know already about BAA
then....
in an apple to oranges comparison
We have Doral Financial DRL.. essentially a Puerto rico Bank which trades at $3.50 today UP .55cents while we are flat at .4074...which is as stupid as stupid gets but i digress....
Their past in a nut shell... third largest bank in their region which is so badly in debt that they are on the verge of insolvency and the US might let it happen ..the Lehmans of territories ... did a Reverse Split about a year ago. Now has multiple lawsuits against it and well a brief summary
http://seekingalpha.com/article/2223553-playing-the-puerto-rican-lottery-with-doral-financial-shares
Anyways ..and we have the 1st quarter GDP retract and miss the job numbers today AND it is in stone that the 2nd quarter GDP if negative means in November the FED will admit we slipped into recession again. Also there is no doubt in my mind that Tapering is not only failing it is causing this... and yet the market marches higher...as does Doral...
AND YET YET .... you have private financial advisors pushing this up while institutions have gotten into stocks like Banro and or Gold/ Defensive like the Burg Hochosterwitz...and still here we sit with Gold green. When it happens its going to be like a Meteor the Size of Texas hit the market and Banro along with Gold will IMO gap up so hard and so fast it will trigger every NYSE switch created.
would anyone be willing to share DD on other Gold miners and Explorers
Im going to take this Opp to add more BAA but why not diversify a little.. I'm looking at and considering RIC, PZG, AUMN, are there any others out there you all follow and why?
Its .41 cents but its worth $41 Dollars a share to me.. Nice p.r. article.. i always twitter everything we have on the board. Just like so many other mining stocks who started at the bottom and worked their way to the top... consistancy in tonnes, better earnings, lower costs and large deposits will eventually move the PPS up and now they are going to focus the next few years to do just that and reduce LT Debt. Very positive very good. IMO
it will take them a couple days to think about it...oh and buy back a position then you know upgrade.
lol
Equador just surrendered up half its gold to Goldman...
http://www.zerohedge.com/news/2014-06-02/ecuador-transfers-half-its-gold-reserves-goldman-sachs-exchange-liquidity
New Chairman has over 30 years experience ...impressive record from the link you shared.