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I have been setting up my budget to buy so much physical gold each month and i want to continue down that road.. to be honest i was hoping Banro would pop sooner rather than later but they are just going the long way around the park. Just have to stick with the long term plan.
More Cost-Cutting Efforts Expected From Producers
http://www.forbes.com/sites/kitconews/2014/04/17/usagxs-denbow-improving-u-s-economy-could-be-double-edged-sword-for-gold/
Companies have highlighted cost-cutting efforts in their earnings reports in recent quarters, and Denbow looks for producers to continue with the belt tightening.
“It just started and it takes a long time to work through and change behaviors and get through the budgeting processes,” he said. By the end of the second quarter, he said, investors should have a stronger handle on where operating costs will have stabilized.
At first blush, he said, first-quarter earnings from producers – due out over the next few weeks – might look weak since they are typically year-on-year comparisons and gold prices fell since the first quarter of last year. However, Denbow said, they should be “fairly good” sequentially when compared to the third and fourth quarters.
For starters, gold prices rose in the first quarter and companies have been trying to cut mining costs. Also, many companies in recent quarters already incurred large write-downs as the fall in gold prices last year hurt the value of their reserves, meaning the next round of earnings reports should be “cleaner” with less of these write-downs, Denbow said.
“There probably still will be some…but most of them should be done,” he said. And there should be even less of this so-called “noise” in second-quarter results to be announced this summer, he added.
Denbow outlined possible longer-term impacts of company efforts to cut back on projects and capital expenditures.
“At some point, that’s going to have an impact in terms of the mine supply,” he said. Presumably, this will mean less new projects coming on line, and less supply is supportive for any commodity whether it be gold, wheat or crude oil. So less output three to five years down the road should be constructive for gold prices, Denbow said.
But the picture would be more complicated for the mining sector, since profits are helped by higher gold prices but hurt when companies have less gold to sell.
“For those that do have projects that come on (line) and are very good, that will be positive for them,” Denbow said. “It will make stock selection probably fairly critical at that time – finding those companies that still have things to bring to the table and allow them to … at a minimum to sustain production and also grow production at a time when the lack of new mine supply should be supportive of gold prices.”
Related Stories:
By Allen Sykora of Kitco News; asykora@kitco.com
That part of the article was spot on whats going on for Banro this year... Lowering costs/ ramp up of two mining projects right when the industry is doing the opposite ...if it plays out we will be ove $5 sooner than later IMO!!
If someone on here is playing games and not even invested in Banro but just showing up to carry on silly then band them from the board. WE ALL know this is not that kind of forum and investors hub even has boards for that kind of stuff so dont do it on here but if its someone tricking all of us for whatever reason I'm not cool with that.
I have real money and real interest in Banro and this is the only place i have found on the web where i have been able to find others like myself and i dont want to lose it or have it interrupted. I want us all to get rich by investing and sharing DD ...if not we might as all get together to buy lottery tickets and hope.
Let him/her go to yahoo or raging bull or investors village or whatever but if they want to stay here clean it up...stop spamming untruths and then mixing something funny in order to get everyone to let him/here continue to do it over and over ....if it cleans it up i might even take it off ignore but i dont want to read that mess or responses.
Looks like someone sold 500,000 share block just a minute ago
really caused the price to get weaker... we continue to have someone working us over. How much longer will insiders and current investors have to put up with this?
however.. it would be 'nice' to start having some green days/weeks for a change
instead of the slow leak...which is just a way professionals use to accumulate without to much boomage so they can go at their own pace and gold spot price isn't helping this week.
Someone said it before
It's not going up until they"institutional investors" want it to
It's even more so true after they reported holdings yesterday. They won't send it up until banro reports and proves numbers on all levels So..... Relax buy what you can when you can and wait... The PPS doesn't show it but as each day week passes our situation improves
THE Plan ...a presumptive speculation....
Also if you really wanted to accumulate shares in a company....
and you had millions of dollars and you wanted to buy a position in that company but you didn't want to raise the PPS until you were in... what would you do?
Well if i wanted to get in Banro at all time lows i would have to first create a massive short position or if I'm lucky in banros case the stock price is very high in a sector where the thing it makes is going thru a down year a big down year so... i short a couple million shares... and all year when ever it rallies i cover a little but for the most part its going down... their rainy season is coming and usually the stock underperforms that quarter anyways. I know they have cost over runs from the previous CEO so they will have to dilute or raise debt to continue because starting in 2014 they have several notes to pay....okay down it goes all year. Im making millions more waiting so we get to the end of the year and it drops from a dollar down to the .60's lets start to cover our short..... quietly you build your position on other peoples money and grow it...low and behold Febuary gets here and you have bought a huge position under .60 and even down to the .40's great... but Banro is almost done with Namoya thats happening faster than i anticipated and that dang Gramercy got their funding in place and got a sweet deal on preferreds and divvies ... so they are funded thru 2014 and about 6 months late with the operations but they are coming.... hmmm? ITs 2014 and The shares are getting a bit tight and i want a few million more but each time i try it pops to .72 then .68 okay... ill take a Half million short position and put it out there loud in Zolmax and some other news hounds and this will be enough to cap any rally for at least till may when they report ...i hoped the rainfalls were worse because well i could have cleaned out every broker dealer with those sweeps and own this company for .50 a share!!!!
opps getting too excited... so continue to cover my short thru march april into may and watch gold...if it gets strong i will run out of time before they report first quarter earnings. Still plenty of weak hands out there i can do bear raids daily in this and cover at the same time and accumulate all i want in april 100 share drops break it down and buy a nice block and immediately drop another 100 with my short position. ALL TO EASY!!!
Next year when its over $5 and Banro is debt free with 100's of thousands of ounces of gold coming out i will be worth tens of millions and i will have done it all in the shadows. They never seen me come in and never see me go out.
I understand i didn't aim that post at you... its really for myself because i doubt ... Some months i make $65,000 when i trade and some months i dont make anything... i use the same system i created, i use the same setups, i use the same DD and the same speculation, i rely on the same exact prowess that makes me more in one day than i make in a year in my day job... whats different? what did i change? what did i miss?
Nothing... its just doubt. Fear. Must control emotions and lock it away. In good times and bad.
oh and we got a lot more trolls which we have NEVER had on this board before ....EVER!
You know there were 20 posts between 01/28/12 to 01/28/13
Just 20 for the whole year... back then in the month of march some poster called Fat Tony was calling this a speculative stock and others were saying it was exciting.
Twangiza was only running at 60% capacity and in that month they had blown up one of the mills ...
No upgrades to equipment, no backup equipment, twangiza was just starting to pull gold, No Namoya, and their was speculation that with all four mines up and running they would be able to pull out 500,000 to 700,000 tonnes a year with a market cap of 5 Billion and the stock was trading at $6 a share that month.... which is cheap at that price.
Gold was between 1600 and 1700 an ounce.
What I'm getting at is at its best price in over 5 years for banro and gold Banro has never been closer to what it was speculated to be than this year... right here... right now. This is what everyONE has been waiting for two years. I find it amazing that now in the last three months alone there have been over a THOUSAND posts on this board.
I ask myself whats changed? Well the stock price has and gold is down a few 100 dollars an ounce but its still around $1300, Mr Village and others are gone. We all know what banro the company looks like now this a copy directly from an old fact sheet from march of 2012:
Corporate Structure
Shares outstanding 200,310,576
Warrants 9,315,000
Options 14,335,810
Fully diluted 224,051,386
http://www.banro.com/i/pdf/BanroCorpFactsheet.pdf
Also there are a lot more insiders and institutions who own this now as compared to back then....
The only thing we have on this board right now IMO is a lack of personal patience and to believe what you read as opposed to what you feel. I HAVENT SOLD ONE SHARE AND WILL CONTINUE TO BUY with every weekly paycheck i make until the facts are no longer true. Because sell if you must but i think to sell at the very bottom when in Banros cycle of PPS this will be a blip at this price and these guys all know it at least since December 2013
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
FRANKLIN RESOURCES INC 12/31/2013 24,983,115 5,352,515 27.27 12,067
I.G. INVESTMENT MANAGEMENT, LTD. 12/31/2013 17,709,600 (6,914,300) (28.08) 8,554
TRADEWINDS GLOBAL INVESTORS, LLC 12/31/2013 14,248,060 (1,036,902) (6.78) 6,882
JPMORGAN CHASE & CO 12/31/2013 12,181,126 (1,196,817) (8.95) 5,883
TOCQUEVILLE ASSET MANAGEMENT L.P. 12/31/2013 10,311,800 (13,000) (0.13) 4,981
GRAMERCY FUNDS MANAGEMENT LLC 12/31/2013 8,611,617 3,332,917 63.14 4,159
WELLINGTON MANAGEMENT CO LLP 12/31/2013 7,483,267 (561,186) (6.98) 3,614
OPPENHEIMER FUNDS INC 12/31/2013 7,008,090 (450,600) (6.04) 3,385
FMR LLC 12/31/2013 2,326,482 (37,400) (1.58) 1,124
WELLS FARGO & COMPANY/MN 12/31/2013 2,282,677 (193,449) (7.81) 1,103
CANADA PENSION PLAN INVESTMENT BOARD 12/31/2013 1,976,315 1,156,700 141.13 955
RUSSELL FRANK CO/ 12/31/2013 1,525,880 (186,752) (10.9) 737
KOPERNIK GLOBAL INVESTORS, LLC 12/31/2013 860,414 860,414 New 416
BANK OF NOVA SCOTIA / 12/31/2013 859,500 359,500 71.90 415
HABER TRILIX ADVISORS, LP 06/30/2013 740,740 740,740 New 358
Read more: http://www.nasdaq.com/symbol/baa/institutional-holdings#ixzz2z3qslBd0
That is so funny you made my day
Okay let me rephrase that so as not come off sounding accusative or implying something that I didn't mean to imply..... Here goes..... "Sounds great" that is my reply
That's is highly speculative on my part but realistic and not totally out of the realm of possibilities
ThAt also tells me why the pps has stayed so low
Dr Clarke and probably other board members are buying in and of course if it's cheap all the better for him. Also explains his emphasis on the rains being so bad to throw a curve ball to stop the pps from being cranked up too fast before he could finish his buying
Either someone is buying us or tonnes are going to be so out of the park it's going to gap to $5 and continue if you heard correct on that figure because that's INSANE!!
One thing for sure we still got weak hands in this stock
If your not buying banro based on all the reasons we have covered many times in DD and instead trying to use it verses spot gold price then your really doing it wrong imo
Hmm? Gold down big no news?
Hmm maybe some big entity with a big short position decided to cover? They won't talk about it or speculate.
Gosh ray thats such loaded question because if you look at past performance though it is not indicative of future results... in a year i have seen banro be .60 and within a year later be over $3.00 and thats with twangiza just in its first stages and everything else speculated... when they get both mines kicking out revenue... no kidding by December of this year we could north of $5 and that if Gold stays the same.
.502/100 .502/100 .502/100 .502/100
could you all understand the tone in my robot voice?
"when camron was in egypt land... let my camron gooo"
from ferris bullers day off
When you think about it it is the middle of april and i each month that passes is another bill payed.... second half of the year is going to rock so hard.
.502/100 .502/100 .502/100 .502/100
could you all understand the tone in my robot voice?
"when camron was in egypt land... let my camron gooo"
from ferris bullers day off
When you think about it it is the middle of april and i each month that passes is another bill payed.... second half of the year is going to rock so hard.
I was thinking does putting all your shares up for sale as high as you can at all or none and good till cancelled help throw a monkey wrench in these computer trades? I realize it's probably not effective and more of a old wise tale traders tell each other to do that doesn't really work but I wonder if it was possible?
You guys are a great bunch to be invested with
Just wanted to say it. I don't think you could pay a analyst or institution and get better DD then I get right here from all of you and to be honest that's what makes me more secure and sure that banro is going to not only return to $6 share but it's going to go beyond I got a lot of money invested and I sleep good at night. Thank you one and all for great comments and taking time to share and do DD
I hope to maintain some kind of connection with each of you and perhaps we can make thus turn into something ? Let's start with banro and see. See you all tomorrow.
And before I forget yes technicals matter and yes it matters who is doing what to the stock at certain times but from what I have been able to read we know insiders have been buying huge positions we got someone who went short a half million shares and may have gotten out after the tonnes update and we really haven't had any real chart patterns because the stock has been so beaten down for months and been on a massive downtrend for over a year and a hAlf ... So if anyone is messing with the stock once strong factual numbers stArt to roll in that back up dr clarkes projections this business with the pps will become a thing of the past. Imo
Let me try to clear the air for you guys... Simply
Aside from who's manipulating what or if it's hft's or mm's or how much debt banro.
When running any company you will have debt it's a fact... How manageable that debt is verses either what you make or what service you supply or what assets you have must be considered.
The metric we all know is all in costs that's the most important metric that we use to determine what any gold stock is doing. The second should be ounces of gold per month or quarter because it doesn't matter if your costs are zero if you don't have any more gold in your mines to exhume and finally though it is factored into all in costs ... Debt. Did your gold company spend too much money now-in the past-or in the future on anything other than were it counts and that is the machines to get the gold out of the ground and the qualified personal to maximize ounces and finally what kind of gold is coming out and will there be more in the foreseeable future?
These are questions all of us should have addressed long ago... I know I did.
http://m.seekingalpha.com/article/1901001
In case it doesn't open google how much is rangolds all in costs for 2013?
Look at it and you will see a few things :
Rangold constantly pulls ounces out of the ground quarter after quarter.
Their all in costs are higher than ours but ours use to be the same. I use rangold because rhey are in Africa and they are probably the best gold miner around. Also look at their pps which is around $77.00
That's what consistent tonnes, low to lower all in costs, and manageable debt and large projected reserves gets you.
Now what does banro have similar in those areas I posted?
What is different? What in those areas is banro growing or decreasing into?
Ask yourself these questions : what does gramercy, black rock, Jo Morgan and others see in these comparisons? What will banros pps look like if they start "consistently" manage debt, lower all in costs and the mines produce ounces....CONSISTENTLY not maybe not someday not later not next year because all we have in the past was projections of what WAS coming.
Now if you or anybody figure this out you don't want the stock to go up you want to hope no one speculates this and when it starts to come to fruition you own all you can at .50
Then when the hard numbers come in you will see a dollar you will see $5 you will see $10 you will see $20 as time goes by regardless of gold spot price because it's about the simple questions for banro and gold miners alike. Imo
Sound Money episode 21
https://www.caseyresearch.com/sound-money/episode-21-peter-schiff-responds-to-the-daily-show
The first part is just about the daily show but the second half is what you need to listen to... its not only invigorating but will erase any doubts you may have about gold or banro.
OT Professor what do you think of LSG and RIC? i have been thinking about adding them into my portfolio for a month or so?
That's why I speculate the short position created the last few weeks is probably still active and was probably BMO or CIBC or someone because they got caught a little when the report on tonnes came out and it was better than they thought .... Now they can be a drag on the rally whe they clear the position todAy Nd lucky them the Dow is red so again like a thief they get out with little or no loss
This is the same thing that happened when gramercy was buying , the same thing when gdxj junior eft was buying and I imagine we will find out another one is buying now ..... They wait for reports, news to make sure nothing major is wrong then we see this massive volume and yet the PPS doesn't do anything it's locked in a trading range set by the institution wanting to build a position a MM filling the order . Common sense dictates this .... Who has this much money? Who can afford the commission fees? That's why it's a institution building and not one of us.... I'm happy I cN just build my position the rest of the year and not worry anymore
I mean i read LSG earnings and they KILLED it this quarter but they won't look at it. BMO,CIBC,GML a llllll were betting against banro because of the rainy season and if they can't admit that Banro Killed it and give them an upgrade then it shows they are petty at best that they didn't speculate properly.
I mean i read LSG earnings and they KILLED it this quarter but they won't look at it. BMO,CIBC,GML a llllll were betting against banro because of the rainy season and if they can't admit that Banro Killed it and give them an upgrade then it shows they are petty at best that they didn't speculate properly.
You would have to completely ignore all the Banro News just since the beginning of the year to even consider selling banro ... Market is in correction even though the talking heads won't admit it. Gold is getting ready to go boom, GDX is booming, and most of the junior gold miners havent participated at all this year like BAA and yet the volume has been INSANE in this stock. Tells me when you see all these large institutions piling into this stock and the PPS actually goes down... well i dont believe in conspiracy theories but its Manipulated even worse than we all speculated the last couple months.
Almost a 500K block bought just then... and boy oh boy some MM completely dug out everybody...wow.
Here is what i use and what i was given on this board:
http://canadianinsider.com
http://www.insider-monitor.com
http://www.mffais.com
IMO that same short was who covered this morning....
we had someone take a half million position short right after earnings and before tonnes update hoping that the rains busted banro up... didn't happen and gold surges then they start to cover pop goes the PPS this morning ...because it was almost exactly half a million block and a Market Sweep was triggered again EDGX and ARCA both this time.
That update doesn't Account for doubling reserves and gold set aside to African banks as payment so you could say if the rain had been less and all that was factored in that twangiza could have produced upwards of 30,000 ounces?
For the first time I had to use the ignore feature on this websight
I was able to buy another 500 shares this morning
Throw them into my own pile lol
when he talked about the impact of the rain...i wasnt thinking we would get those numbers... i was thinking several thousand tonnes less but boy oh boy twangiza is the BOMB baby...whooo hooooo
BAA Banro reported despite much heavier than normal rainfall in the first quarter, Twangiza produced 20,137 ounces of gold, an increase of 2.7% over the same quarter of 2013 (0.52 )
Twangiza Mine
Despite much heavier than normal rainfall in the first quarter, Twangiza produced 20,137 ounces of gold, an increase of 2.7% over the same quarter of 2013, which had significantly less rainfall than 2014. This is roughly in line with the average quarterly production in 2013, as the plant nears completion of the expansion program to bring the throughput capacity up to the 1.7 million tonnes per year range. Because rainfall will continue to be part of the operating environment at Twangiza, the Company has put in place a plan to address this issue, which includes the installation of a roof above the Run-of-Mine pad to secure an acceptable amount of dry material to maintain steady throughput.
Namoya Project
As part of the pre-commercial gold production, the Company recovered 3,362 ounces of gold (129,372 tonnes of material stacked at 1.91 g/t Au) from its semi-agglomerated heap leach operation in Namoya during the first quarter of 2014. As of the end of Q1 2014, project completion at Namoya stood at approximately 99 percent. Namoya is forecast to provide between 50,000 and 60,000 ounces of gold production in the commercial production phase during 2014, which is expected to begin in the second half of the year.
Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz2yUCDutjL