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no charges for the refi quarterly payments of 3.7 million and another adjusted from 1 million to Half a million.
Had to pay Simon 2.3 Million in Cash
cash cost to drop to 700 to 800 for namoya going forward
never mind on phone listening to cc now eom
They can't literally compare last year to this year anyways and make a bear case... dynamics for Banro and Gold have completely flip flopped
Gold was starting the downtrend from $1900.00 and Banro had a different CEO, Namoya was wishful thinking and it was all about beginning upgrades to Twangiza...which simon village bungled.
Now Gold is breaking off support thru $1300.00 and reversing the downtrend... and Banro is a different animal all together. Morons ought to be fired from the internet for posting crap like that and shame on fidelity for linking it.
Need link to CC lost my save lists a moment ago.
Banro Foundation and Clinton Foundation
improve life for the congolese people
http://minestaffing.com/cim-toronto-may-luncheon/
Beautiful Morning.... Banro set up to just get crazy going forward. Speculation from all involved was right from the start and now the reward begins... ironically institutions who pay large salaries to people like all of you and me for such DD and speculation are loaded in Banro too. Prepare to start seeing some actual upgrades or initiations/recommendations of buy or strong buy after the CC.
Waiting for Media to get ahold of us now...
sent briefing.com a request to post earnings. This is the second quarter in a row they beat. Since they keep raising revenue, beating earnings,raising tonnes, and lowering costs.... its just a matter of time ...if gold gets jiggly Banro should do the old Giant Candle gap up like they have in a few times before in the past.
They we're suppose to be a -.02 so technically they beat by .02 all the other numbers they beat
Also dr Clarke does not put out statements like he did this time stating " banro is at a turning point" usually he is reserved and low key with his words in fact he usually just let's things slide or let's others say things and doesn't really comment but for him to come out and be forward like that says a lot to me anyway.
General market reporting banro beat by .02
They were est to lose .02 ,beat on revenue ,showed thru refinance of debt a jump in cash, completed BOTH mines and Deloitte gave a 10 year life est of namoya worth over a quarter of a BILLION dollars based on $1200 an ounce gold also head grade in twangiza increased soooo the cc tomorrow is gonna be sweet if they don't get to liking us yet then screw'em oh they also had two smaller pits produce ore all thus on less than 12% discovery
So these figures coming off that report are what Banro has already spent so far?
if that is true comparied to the millions of ounces already discovered and only 12% of the land explored... a little current running debt is a non issue.
Banro Corporation
Expenditures on DRC Exploration Activities US$228,437,000
Investment in the Twangiza Gold Plant 216,102,000
Expenditures on Twangiza Infrastructure 22,702,000
(Roads, bridges, houses, schools, churches and public facilities)
Investment in the Namoya Gold Plant 214,435,000
Expenditures on Namoya Infrastructure 18,318,000
(Roads, bridges, houses, schools, churches and public facilities)
Total DRC Taxes and Government Fees 62,210,000
(Payroll, Import, Fuel)
Sub-Total US$762,204,000
Banro Foundation
Investment in Education in DRC US$2,012,000
Investment in Health Care in DRC 730,000
Investment in Social Infrastructure in DRC 1,393,000
Other Expenditures
(Humanitarian Assistance, Community Support, Conservation) 320,000
Sub-Total US$4,456,000
Total DRC Expenditures US$766,660,000
In fact i completely disagree with that statement
it sounds like a compliment but really its a slam on management and banro as a company. You make no consideration for what they produce at all or projected timelines and the costs associated to get to those timelines. Why do you think Simon Village got shown the door in the first place? THey could have run the debt up into the billions and still be no farther along that they were ten years ago and do what NEWL has done to its shareholders have 4 reverse splits in a 6 week period.
Moosey we all know your opinion.
You dont have one one way or the other its all just fun and games, amuzing distractions that you are above right? Nothing matters on this board and life is just a dance... la de da da.
Being a muse has its limits.
This was all anticipated years ago Braise? Twangiza,Namoya, all of it was scheduled to open when it opened and 15 years ago the stock was 15.00 and two years ago it was 6.00 and last year it was over $2? Same program same projections same gold same everything. The alternative is to go bankrupt before they even get one tonne out of the ground...what im saying is its expected and factored in beforehand just like every other miner out there and Banro has done a better job because they are still around. Many cant say that.
Yea its the DRC yea weather is bad in december and january yea they are going to have to use financing until they get mines up to commercial levels... i mean you imply that operations are free, employees are free, machinery is free, Hell they had to even build a completer infrasture and a organization to give aid to the people. I cant stand it when guys like you who rarely post or contribute preclude to justify your argument that somehow this should cost this or that should be payed for with that and thats it and machines should never break down, trained enginers should work for free and grammercy shouldnt make a profit for loaning millions of dollars to Banro? or even better than Banro somehow misspent or overpayed or did something that would point that management is inept...which makes me believe the real reason you post comments like that and then silence...
It doesn't matter one way or the other
Banro has good news it goes down, insider purchases increase at unbelievable rates it goes down,gold has a good or bad day/week whatever it goes down, CEO brings to fruition what was speculated the last 18 years this year.. Yep it goes down, finally bottoms out and looks to technically recover... Volume drys up suddenly goes dead. I could go on and on and on about fundementals or the economy or manipulation but we have preached to an empty congregation. I hope someone buys us for .75 to a dollar at least so I can at least get something out of this ... This year maybe ? The way the sheep are drinking the kool aid in this market that literally bad weather is believed and clinged to over banro own dynamics and the fact they have billions of dollars in gold.... Nah ignore all that let's talk about their Managable debt which is shrinking month after month or their outstanding shares which if you completely ignore assets they own and the fact they are a gold miner that any other stock would be trading over $3 while posting losing money quarter after quarter one that comes to mind gluu or alu which has a huge float but still oh wait banro made money last year and oh well .... At some point when you have to reach for reasons or whatever nothing justifies .44 for this stock .... No excuse or reason I have read on this board or any other or comparing its structure to similar stocks whether they are in the same sector or not but are the same dynamically justifies .44 or even below a dollar. There is something bigger we don't know and I believe what I always have ... It's the institutions who own majority positions bending this stock whenever they have a mind to and nothing... Nothing... Nothing will happen or change until they say go. I don't like it but that's the way it is with this one because I have never seen a bull case for a stock like banro in 14 years of trading and yet seen it have no affect whatsoever.
Personally I'm tired of speculating and defending dd as well as the company and the reasons that should be obvious for gold.... I just want to make some money
Volume down over 90% today WOW!
Just no shares out there anymore and large entities are not selling even a little nor are any of us who know this company. Amazing... if we had any light buying volume at all i bet it would go up a dime today on even that.
Some Reasons for Goldman Sachs Bearish Call on Gold
http://www.munknee.com/goldmans-1050-gold-forecast-nothing-stink-bid-2-reasons/
http://www.zerohedge.com/news/2014-05-09/gold-infographic-eclipsing-demand-east
Cool picture/ poster about gold
yes i didn't mean to imply wrongdoing just making chit chat
the fact is... Banros trading is very plain vanilla. No manipulation other than one fund/entity taking advantage of anothers exit from the stock. Some of those that sold i think have been in banro possibly longer than a year, maybe some are subsidiaries of others, maybe CIBC does the analytic work for some maybe they decided to move into energy or who knows whats going on... regardless you can see that one big fish wants out of a major position another wants in ... i believe some are short positions too to recover just one or two more dimes to finally clear and so it goes.
Nothing to see really. No conspiracy no MM games no retail investor swinging in and out just funds and LLC's moving around on the couch a bit for a better view of the television.
Just one fund triggering another funds stops
One LLC triggering another LLC's buys/stops...thats all it is and until they are all done accumulating or selling for whatever reason... we sit or rocket up. Thats it.
Essentially after all our speculations
About what was going on and why there was so much volume and why the pps was still going down etc and so forth .... It all comes down to basically large entities rebalancing their portfolios. Some going out ( Oppenheimer ) and some coming in ( gramercy ) all have different house rules and reasons so it's really nothing go do with anything else other than that. They also all play nicely or pay rough with each other. I will state I own more than some of these institutions so it makes me feel good about myself. Lol
If they beat estimates and earnings
if they increase revenue by increasing tonnes and continue to lower all in costs ...i dont care if gold does go down,up,sideways or if they open a theme park on top of that mountain and sell tickets... the pps WILL go up. It just WILL because the one consistant in this whole scenerio is The national Debt is out of control and growing, the "TAPER" game will eventually get acknowledged that the fed is going to buy forever even if its at a lower amount...they will never completely stop QE. All the damage the policies have caused are going to prop up and make gold/silver appreciate.All Banro had to do was get thru this 1st quarter and the second half of this year is going to be when we all see Banros PPS go in a turn into a 45 degree upward angle permently. ALL is my opinion of course.
I'm not getting into value discussions
On the board again . Most of you know , read, or have posted quality conservative factual dd about what banro should be trading for what it's worth based on everything from earnings to projections to assets proven to buyout values and we all know it's more than a buck. I don't know why that's suddenly a issue again
It was just one suggestion , one thought
The revenue generation from two mines ought to cure a lot of ills and I figured it could be a nice program to consider at least implementing if not fully engaging that's all
i do too but i still sent them an email
and stated that its discouraging to see large lots of over 100,000 shares being dumped on the market and even though we made .02 last year and Dr Clarkes positive management is still not showing up in the PPS and asked that maybe they take a few million dollars when they can and buyback some stock or create a new buyback program or something . I said I'm still afraid that one or two of the investment groups who have large positions will try to take over board members seats and eventually the company without causing the PPS to go up a tick.
Well i guess when it finally hits zero then it will be a screaming buy ...right?
Someone is going to be able to takeover this company and billions of dollars of assets along with 18 years of infrastructure for under a couple bucks if they are not careful.
The key will be will we see a follow thru thus time
So many attempts and then sell offs this time however is really different. We all know why this is what we have been building up to for years . No more promises no more it's coming... It's here now
I believe we go up and continue to go up quarter after quarter week after week . The game is over now everything they have planned and projected us beginning... Finally the rock has come back to banro!!!!
NEXT WEEK...
i think every quarter its just going to get better and better and better.
Yea it was a big mess...
Between the Rileys and Frank Moody and you know what Its still out there scamming folks. It became green bridge and then something else.. if you dig hard enough they still have a board on ihub... its like .0001 again. Several R/S too
That was the worse thing I think I ever bought into... Good thing was it was my first experience with pink sheet stocks and my last.
I still have wtct shell stock that has never been unrestricted that was given to hisc holders for free.i tryed to declare it worthless a few times and scottrade won't do it . Frank moody if I remember hired the one guy to be CEO if he would invest in hisc in return for common stock and when he did frank immediately withdrew the money from the companies account for personal bills... Too much. They supposedly had a kiosk that was suppose to dispense the hisc tracker for these shipping/ freight companies and it didn't work however frank left all that info out at the time... What a mess but a good trial and error teaching lesson for myself on the road to becoming a trader non the less
Flawed Mentality on Banro...
What are you talking about now spenc? well its simple really. It benefits you,me,insiders, and banro for two things: one for banro to be at this level it gives all of us time to buy into this company. and Two they want this stock to go has high as possible. It benefits the majority.
When you come on a message board and proclaim that Banro is a scam, insiders are making themselves rich, its going bankrupt etc and so forth... these are all points that when you pull back and look at the bigger picture are not only silly but elementary at their core.
First and foremost most insiders and institutions are technically aleady rich.This stock has seen over $10 or over $6 at least over the years all of the current board members past and present were there also so they already had huge stock options and holdings and retirement holdings and bonuses and all that. When you make that argument its a poor persons point of view or even a new wealthy persons point of view. New money is as bad or worse than someone who has never had any because they dont know how to respond. Anyways all involved want to see banro at $100.00 a share. They just do. I do. You do too.They know what they got and that its worth 100's of BILLIONS of dollars potentially if not at least 100's of Millions.
The first time i was on Ihub i got involved in two companies one was Stelax Industries and the other Was HISC. Stelax was suppose to be the new plywood of the steel industry with nuvonex a stainless steel rebar product that would not rust. Unfortunately the business was flawed as it was too expensive to produce. The other HISC was a all out scam...pink sheet, CEO stole a large investors investment and i watched many who had more money than i did at the time loose big. One guy i know lost over Half a MILLION dollars.I dont think anything every came of it because it was a pink sheet stock.
Banro is none of those things as we all know. They have the best gold mines on the planet but for 18 years they have had to deal with everything imaginable along the way. Weather, Region, Costs, poor CEO's who overspent and underperformed, vindictive investment groups, machines breaking down, no infrastructure...etc and so forth.
I have seen how scam artist operate anyone remember CyberKey? Look it up if you havent. This company has a CEO now who is an industry leader in my opinion. He has micro mananged this company for over a year now and done an outstanding job and im just judging from outside the box. On top of all that "its gold." ALOT of gold and there are more than just insiders wanting to trick us to get rich quick... congolese people rely on banro succeeding it benefits them. banros employees and families, institutions think about all those people looking at the same information, the same company as you and i do and pouring time and money into it. These arent retired weekend floridees with fun money or a some professional who is too lazy to learn how to manage their own money or some smuck who is 12th man down the line at morgan stanley like bernie madoff belked. Eveyting cycles and many positive injections in the Banro cycle have been introduced especially the last year. Payoff is coming and not just .66 or a $1 or $1.75 or $3 ..in time its going to be over $10 and just keep going. Upgrades,new investors,more mines coming online.. if you wait you can be one of the ones to say i payed .50 for that stock.
Well i guess that was fun while it lasted...
right back into the same old routine we have discussed a dozen times over the last few months.
Thank you for your Time consuming work...
you are an valuable member to this board and for you to take your own time to post all that and the links is incredible. thank you thank you thank you.
I have set up a sale all or none for $1.80 and will raise that each time scottrades computer program will let me. lol
Jobs numbers weren't that good in fact the entire decline resulted from an 806,000 drop in the civilian labor force. The number of workers actually employed declined by 73,000. The labor force participation rate dropped to 62.8% from 63.2%. If the labor force did not decline, the unemployment rate would have increased to 6.8%. What that is saying is the labor force we need to increase growth and therefore increase the tax base is shrinking. More are retiring/ retiring early/ disability/goverment assistance...aka entitlements. If the numbers had been over 350,000 then yes things are changing but they will never get to that and thus growth will never recover to 4.5% quarter on quarter so we can outgrow the deficit spending and start to repay the national debt. Gold is over hedged, and shorted and the supply is not being recreated and china.india and now russia aren't going to stop hoarding...they may slow but they won't return it to the market. Its gone forever locked in a government vault in the far east. That alone is going to gradually carry the spot bullion price over $2000 someday. Wait till inflation starts to swell enough to even make the fed get scared. They will print the dollar down and away in order to try and stem the flow.
This is a long game... and banro is going to have a big field to play apart... all they have to do is get in order and meet deadlines and boom its will be back to $5 in no time.
The stock market is on track to begin the session on a flat note following a busy morning that featured the release of the Nonfarm Payrolls report for April.
April nonfarm payrolls came in at 288,000, well ahead of the 210,000 increase expected by the Briefing.com consensus. While the data overwhelmingly surprised on the positive side, the employment report shows a bit of a confusing labor market. On one hand, the surprise jump in payrolls suggests a release of pent-up demand following weather-related delays; however, there was nothing in the job creation data that pointed toward a weather-delayed shock. Sectors that were most affected by the weather, such as construction and mining, saw solid growth but nothing different than what was reported during the worst of the weather problems in February.
On the other hand, the unemployment rate plunged from 6.7% to 6.3% (consensus 6.6%), but the entire decline resulted from an 806,000 drop in the civilian labor force. The number of workers actually employed declined by 73,000. The labor force participation rate dropped to 62.8% from 63.2%. If the labor force did not decline, the unemployment rate would have increased to 6.8%.
Index futures surged in reaction to the report, but they have since dropped to fresh session lows as steady payroll growth suggests the Fed will maintain its tapering pace. A similar belief is being conveyed by the Treasury market where the 10-yr note sits on its low with the benchmark 10-yr yield up five basis points at 2.67%.
The Factory Orders report for March (consensus 1.6%) will be released at 10:00 ET.
Read more: https://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz30Z4Lbmpx
Completely DumbFounded
GDP .2 from being Negative...recession and Yellen won't even address it. ADP without obama care inclusion IS recession. Only number up was business services... burger flippers and paper handlers yet....the Dow is up S&P is up and Nasdaq is up
Still tapering still buying 45 billion in QE yet ..... just completely dumb struck.