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Well maybe CIBC will show us a little more love now... i mean since Thys Terblanche is becoming a director...who knows. Just from reading they seem to be more industry production heavy now rather than explorations.
Things for me are going according to one of three plans I speculated on. I planned to by banro to buy and hold hoping that operations would finish earlier than speculated. Missed that maybe by one quarter. I didn't think banro would go back down to this level but I have several tools to adjust into it and wait. While I like to trade something for a profit quickly in hindsight I should have day traded outta .78 and then waited for it to come back to retest but at the time it's 50/50 that given evaluation and gold spotprice at the time so it's hard to time in this case but non the less wait it out and inevitably we get there . Spot gold just gets us there eArlier so... I want to get my shares to a certain size then I can start to add others
I'll say again best interview this week
I think all things considered on operational costs, world events, gold spot price, etc that we can continue to focus on past mistakes and the events that got banro here and while they are affecting us quite literally making the pps level what is and disregarding the real value... I can say that the recent steps dr Clarke has taken that with time should get us going in the right direction and eventually show up in the pps. If spot price continues to stay range bound above 1200 as each month passes banro gets a little more out of debt, lowers cost and increases output of tonnes to higher levels eventually the boat gets turned in the right direction and it becomes easy again. That's why the next two quarters are so critical that they really perform
Whats going to happen if interested parties are not careful is Gold Miners get together and form a cartel or OPEC like organization. This would shutout all the manipulation from outside groups and give them the power to decide how much gold is worth. If everyone keeps fooling with them i wouldnt say its impossible to consider.
Thanks silver I needed to focus a little. Remember dd and insiders and institutions and what's coming soon
I'm putting you on ignore that's old news and has been handled and fixed. Your just trying to mudsling on banro with old useless news
That's the best you come up with? That's all been addressed a dozen times on this board
What never ceases to amaze me is that there are still some who sell
the bull case and fundamentals are indisputable but still even though its small today.. you still see some selling. I get frustrated because for me personally i have had to budget myself in case i lose my day job in a couple months so i can't buy more at this level because i have to keep my emergency fund full for just in case i have to start trading for a living. Meanwhile i miss out on this drop to add more and I'm frustrated for those who like me have to set and watch this go on.
I'm sorry but how can we hit .418 on a day like today?!?
GDP contracted, Housing down -9% year on year, Ukraine reversing all the good feelings today with attacks on helicopters, Indias new leader opening the gates for gold imports again and Banros short interest came out and it decreased again.
Even with Gold Spot price hurting the last few days Twangiza/Namoya both All in Cost are hundreds of dollars lower and yet on less than half million shares we get collapsed right at the close on what? around 20,000 shares... and i dont want to be placated there seems to be something criminal going on and no one wants to or is able to do anything about it. I wrote Banro several emails and they just dont communicate back to me .. i basically said this is getting ridiculous with PPS yet everyone seems to be falling asleep. If they are going to just sell the company for a .75 cents or something i wish they would do it and lets get on with our lives.
For the life of me how can Gramercy stand to watch MILLIONS of dollars drop like this and just sit week in and week out?
We all have seen the new insider purchases but its like we are the only ones who have seen them because nothing helps... very frustrated. I have some personal financial issues that may be happening soon ...dont want to sell but might not have a choice.
Pending Home sales down -9.4% STILL trying to hold gold down.
So GDP was worse than expected actually had contraction... inventories accounted for most of it, jobless claims are still over 300,000 but Gold mining stocks are down and gold is down? I wish i had just taken my money and went to the casino boat i think i would have had more fun than this. lol
Im done with marketwatch and wall street journal
i sent them a fair letter asking for some fairness in coverage of gold and they turn around 30 minutes later and just pile on even more. I'm done.
Im long but geez i dont know how much more of this we are expected to take?
I always hate this part of bottom fishing undervalued stocks but all I'm saying is it would be nice to at some point have someone besides us come out and state the obvious about Banro's value compared to the current price.
Status Report of U.S. Treasury-Owned Gold
Return to Gold Report Homepage
Current Report: April 30, 2014
Department of the Treasury
Financial Management Service
STATUS REPORT OF U.S. TREASURY-OWNED GOLD
April 30, 2014
Summary Fine Troy Ounces Book Value
Gold Bullion 258,641,878.074 $10,920,429,098.79
Gold Coins, Blanks, Miscellaneous 2,857,048.173 120,630,859.37
Total 261,498,926.247 11,041,059,958.16
Mint-Held Gold - Deep Storage
Denver, CO 43,853,707.279 1,851,599,995.81
Fort Knox, KY 147,341,858.382 6,221,097,412.78
West Point, NY 54,067,331.379 2,282,841,677.17
Subtotal - Deep Storage Gold 245,262,897.040 10,355,539,085.76
Mint-Held Treasury Gold - Working Stock
All locations - Coins, blanks, miscellaneous 2,783,218.656 117,513,614.74
Subtotal - Working Stock Gold 2,783,218.656 117,513,614.74
Grand Total - Mint-Held Gold 248,046,115.696 10,473,052,700.50
Federal Reserve Bank-Held Gold
Gold Bullion:
Federal Reserve Banks - NY Vault 13,376,987.715 564,805,850.63
Federal Reserve Banks - display 1,993.319 84,162.40
Subtotal - Gold Bullion 13,378,981.034 564,890,013.03
Gold Coins:
Federal Reserve Banks - NY Vault 73,452.066 3,101,307.82
Federal Reserve Banks - display 377.451 15,936.81
Subtotal - Gold Coins 73,829.517 3,117.244.63
Total - Federal Reserve Bank-Held Gold 13,452,810.551 568,007,257.66
Total - Treasury-Owned Gold 261,498,926.247 $11,041,059,958.16
Deep Storage: Deep-Storage gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint secures in sealed vaults, which are examined annually by the Department of Treasury's Office of the Inspector General. Deep-Storage gold comprises the vast majority of the Reserve and consists primarily of gold bars. This portion was formerly called "Bullion Reserve" or "Custodial Gold Bullion Reserve."
Working Stock: Working-Stock gold is the po
well maybe if gold gets a little cheaper then everyone will start buying it again...at least here in america. I feel in one way kinda like a dope for saying that but banro is going to always have this supression from spot gold until the things they are doing internally are realized by the overall market. Lowering costs, lowering all in costs, increasing tonnes and alast start showing a profit.
Fact is i just like all of you want my stock to go up. i want to see a profit and if its big enough i will continue to hold my position and really enjoy the facts that all the DD we shared was near perfect. But its hard as each tick down and weeks turn into months and maybe years to maintain what we know is truth. So be strong. They can pretend all this in the ukraine is magically over and they are over there all holding hands and kissing and singing "Come this way my Lord' maybe we can get back on the subject of the real problem...uncotrolable debt and either deflation or out of control inflation.
I agree it's benny fantastic
Probably the best article i have read this year. i dont know where and how zerohedge gets the news that it does but wow what a tell all on what some have suspected for awhile.
Well that was almost a 200K block buy...
popped up before the three day weekend. Oh well i got second shift so i got to go... see you all tuesday i guess. Later Banroites!
Thank You so much for that post...
confirms what we all have assumed and or know... I really appreciate the time you have taken to put finger to keyboard and contribute your DD on Banro ...very impressive to say the least.
I would like to see Braised007 post number 2127
which i saved and printed by the way back in march updated now that we have LT debt refi'ed and moved forward and Namoya Head grade and upped tonnes factored into those figures.
DONT MANIPULATE US TODAY!!
Everything is clicking for Banro/mines/gold/etc...so no one is going to buy the 100 share drops today. LET IT RUN sheesh!!!
Jobless claims up..highest in 5 months, thai in martial law, ukraine about to start a civil war, we still got a community organizer for a president and is totally clueless after 6 and a half year what to do...and frankly doesnt act like he cares one way or the other.
Gold big gap up if new home sales are not so hot. Which they wont be IMO
Someday when this starts going up it will never stop
If they can buy up shares at this level and make it trickle down while I see green buying candles well... All I can say is what I said it will go up higher than we all anticipate
HA HA RB was out violating the rules HAWhaw JK LOL
Time is truely on our side at this point...
with each week that passes Banro is now producing more and more tonnes and as each week that passes they are doing it at a cheaper price. Even if Gold stays right here in this range its now a Godsend. Banro took the action they needed to reduce costs and operational expenses and finish the first two mines. Time is all they needed.
Last year gold was going down in spot price and the belief was it was going to continue but today we now know what was going on we see all the cards from Analysis reasons, to manipulation by london and banks, to continued demand in the east to india manipulation thru heavy restrictions to certain investment banks taking a negative bias toward banro to the QE program maybe showing that it has permantly damaged our economy forever...etc and so forth. Alot of unknowns about alot of angles over the last year and now not so much. Gold cycle is at a crossroads according to kitco and we may see a new supercycle uptrend but if we dont it doesnt matter at this point for banro ..they fixed their problem as of 1st quarter 2014 ...i aint selling one share down here when in time it will be up much higher.
YAWWWNNNnnnnzzzzzzzzzz.......
paint dry, grass grow... ugh.
Someone keeps trying to Crash Banro and i dont get why?
Short interest is small, institutions have loaded up at this level like no other, the numbers all the way around for this quarter say this stock should be over a dollar now and growing, Gold attempting to retest 1300.00 again and yet... here we go on a friday.
Nice thing is if gold goes lower banro has already put into action reducing debt and all in costs while increasing tonnes output so i believe it can get no lower.
I also want to state that sometimes you drive me crazy with your pessimism but then again the other day i considered your posts and realized you were being fair and realistic with what you had been saying to me. I want to apologize to you braised for losing my temper a little when we went back and forth i lost focus . Thank you for all you do on this board and keeping our pie out of the sky most of the time. I appreciate all you contribute and do for us as investors and just as regular joes ...you dont have to share but you do and you could of put me on ignore but you didn't and i wanted you to know that i think your great and thanks.
I also want to state that sometimes you drive me crazy with your pessimism but then again the other day i considered your posts and realized you were being fair and realistic with what you had been saying to me. I want to apologize to you braised for losing my temper a little when we went back and forth i lost focus . Thank you for all you do on this board and keeping our pie out of the sky most of the time. I appreciate all you contribute and do for us as investors and just as regular joes ...you dont have to share but you do and you could of put me on ignore but you didn't and i wanted you to know that i think your great and thanks.
I would freakin give anything for banro to just break a dollar.. and stay up above it.. i would ...i wish so bad that it will happen. I will quit my freaking day job the same day it does. PLEASE PLEASE PLEASE happen!!!
I dont know Gold getting beat up this morning... good thing after reading the CC on seekalpha i saw this..
"Our goal for twanqiza remains in production of a 100,000 to 210,000 ounces of gold at a cash cost of $650 to $750 per ounce
Our production guidence for manoya remains 50,000 ounces to 60,000 ouncees for the second half of the year at a cash cost of $700 to $800 per ounce"
that is the first time i have seen them put those kind of numbers out in a cc transcript.
Now candle has gone Green... wow love that!
THERES a cover 171,200 share block big red candle sold .....
Just so you all know Resistance Levels mean we are in for a fight to break .68
Type: Number of times a stock has stopped at a resistance/support area, the more times the stronger the area.
Strength: Amount of volume occuring at resistance/support areas, the higher the more significant the area.
CURRENT PRICE 0.46, just above support or resistance, 0.43 ± 0.03, type Triple, strength 9
RESISTANCE ABOVE +8.7% at 0.5 ± 0.03, type Triple, strength 10
+21.7% at 0.56 ± 0.03, type Triple, strength 10
+34.8% at 0.62 ± 0.04, type Triple+, strength 10
+47.8% at 0.68 ± 0.04, type Triple, strength 10
+67.4% at 0.77 ± 0.05, type Double, strength 2
+93.5% at 0.89 ± 0.05, type Single, strength 5
Yes but as each month goes by their ALLinCosts continue to reduce...even if Gold completely crashes below a $1000 someday by that time Banro will have costs under $700 a ounce... they are getting themselves lined up to be like Rangold or GoldCorp ... with continued lowering all in costs.. THIS STOCK IS GOING TO BE $20.00 A share someday !!!!!!!
I wish i could twitter your posts .....everyday ... so so so good how you break it down.
One question from analysis about solutions tanks wanting to get the head grade back into the lower 90 but was satisfied with upper 80's Dr Clarke said that it was difficult but not impossible to get into that but he had been conservative and apprehensive to put out 90 numbers in the head grade. However he said the dry season is upon them and the should see pops upward along with consistency ... he also stated that the price of gold being so depressed is why their was a difference on 1st quarter 2014 to 1st quarter 2013 BUT they have seen consistent growth quarter to quarter in tonnes... very simple call only three questions from analysts.