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When we went up to .72 Someone went short 500,000 shares
don't know who if it was a retailer or a professional but the short interest is out officially...
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
3/31/2014 854,890 2,061,997 1.000000
3/14/2014 335,518 1,590,594 1.000000
2/28/2014 383,428 1,495,062 1.000000
2/14/2014 415,994 1,410,569 1.000000
1/31/2014 582,096 888,767 1.000000
1/15/2014 706,260 832,163 1.000000
12/31/2013 810,485 1,225,281 1.000000
Read more: http://www.nasdaq.com/symbol/baa/short-interest#ixzz2yTWUPweB
Dispels the rumor that you cant short a stock under a $1 and that also explains why every time we have tried to rally the last few weeks it gets cut off.... you got someone covering their short position and selling.
Analystsratings.net saying short interest increased 500,000 shares?
I checked two other sights Nasdaq and shortsqeeze but there is no updated report on short interest so I'm not sure what to make of it. A slam sight zolmax had the story and the link which made me question the validity of it... HVe to wait and see but I. Ant imAgine someone Dumb enough to short a stock that's .52 cents even if you got a short in at .60 you have to own the entire lot to make 50 grand
GSS posted a nice quarter and forward guidence
your 100% right.. it is a wait and see then if you do it we will run this up as high as you want.
of course there is still the cube of pessimism in the far right corner of my brain and whenever the evidence of a good trade is overwhelming and i have crossed all my t's and dotted all my i's it pops in at the last minute and says " well if its so great ...why isn't the stock going up? or if its so manipulated why aren't more insiders and institutions piling in now if they control the ops?"
Im sure everyone asks themselves these same questions ...
remember too Gramercy according to canadian insider has for weeks been buying 100,000's of shares at market...for weeks and weeks ...if anybody has flown a helicopter into DRC and been with dr clarke on the plant site itself it someone from gramercy and ...they like what they saw... not only did they loan them millions they have bought more and they loaded up with options for the future when the stock is say $3 or $5 or more they can strike and get all they want for .78 cents.
But they put up the risk by shelling out the millions and it insured banro is going to be around throughout 2014 and longer.
From what i interpret is that he was wanting to express that the rains were heavy and that they were severe enough to shut down production...that being said he stated there were times when they hit 1.7 million tonnes ...and it sounded to from what i heard that Twangiza is pulling out enough Gold to pay for everything... i dont know if he overspoke or i just wanted to hear this or what but when the analyst pressed them a little they were like very casual and were like if we meet our targets there are not going to be any issues. I also think Namoya is coming up to speed faster or they are finding high grade gold right on top or something causes if we look it over they doubled their reserves since january,met all obligations up to now and apparently had to shut down twangiza for a few days or a week or something I'm guessing.. now I'm not jumping for joy because they had to borrow again to finish but evidently Simon Village must have been going and playing poker or something because all the previous cash raises got spent and i know the ones in 2012 and the beginning of 2013 were suppose to finish twangizas second phase.... Dr Clarke has done what he felt was best and now that twangiza is done we see the costs dropping already in the 4th quarter of 2013 several hundred dollars an ounce...so i think the first quarter they found enough at namoya when the opened it and i think twangiza is doing better that they thought...in the end if you stretch this out a couple more years with the profits and gold rolling in month after month from both mines they will be able to buyback stock in the future, pay a dividend, do all the things we have hoped for...i also know this much when gold was rising to 1900.00 that no one cared about anything they were doing or had done and the stock was $6 a share and we had a CEO that seemed fast and loose with timelines. Now Gold is rising again...you get the feeling the market and the world economies are getting ready to collapse and Banro has twangiza up to maximum capacity and going and namoya coming online anyway now.... the impression i got was even though the rains were bad we still pulled respectable numbers out.
Just be patient ... We are going to stay here for now
With institutions owning and doing most of the buying they want to see reports on tonnes and projections first and if gold is going to stabilize at this level.... then they let move up but when it does don't sell to early and miss your dollars for dimes
Once you get this and or start your model would you mind sharing it with us? Please?
No ... Until one or both things hAppen it won't go up
If gold price increases they make more per ounce and pull out cheaper now it will go up or they show a I increase of tonnes starting now this quarter and going forward it will go up because banro
Has already put into play a program visa vie the cc of extra pit mines and reserve build ups to off set a gold spot price decline .... That's the only two factors now IMO and if both stArt working we will be $5 short order
If we take time to listen to the CC or if Mr.Coffee can get that link working
it really comes down to basic simple numbers... How many ounces can they produce, how many waste tonnes do they have to go thru to get to those ounces, how much money is it going to cost to do that, how much cash-flow do they have, is it enough cash flow for operations to proceed long enough so they can get to that gold and get out and finally will Gold stay strong enough long enough to make it worth or make it more than worth it.
Exactly they have no cash issues...they are now past the rainy season... the only future expense dr clarke mentioned was that the crusher they are currently using isn't as efficient the lower they go into the mine and they would like to "in the Future" buy an upgrades portable version that could go into area better with lower waste grade.
They also implemented some pit mines to offset in the future is Gold goes lower they can raiser their tonnes to meet obligations easily and that is also why they have been building up their reserves.
Also they said in the 4th quarter that they did have instances where they did hit 170,000 tonnes targets in between shutdowns because of the rain and the building they built they were able to stack the ore and keep it dry so they could use the chemical bathes on it.
BMO and CIBC are just worried about their cash flows as long as Banro meets or exceeds Tonnes by the end of the year certain notes will be paid off and 2015 starts really looking good. Thats a long time to wait but they aren't going anywhere.... whats also interesting that no one addressed was in the 4th quarter Twangiza cash costs fell down to $800.00 ...yes and i believe that was the all in costs... at least that is what was inferred as i listened.
But dont take my word for it TAKE
30 minutes for your investment ....get the cell phone out put on some headphones and LISTEN for YOURself.
Tech last year they didn't report 1st quarter until the the first week of may and its probably going to be the same this year.
So i dont want to hear any more LIES about bankruptcy from newbs trolling this board trying to cause panic and direst ..go back to your dorm room and watch your miley cyrus videos and pretend your going to be able to show up to work at arbys tomorrow.
27 Million in Cash at the end of February
4.5 million at the end of Dec and we secured 40 Million and at the end of February we had 27 Million and fully fund for all of 2014
thats coming straight from the Dr Clarks mouth on the CC before the question and answer
and they said as long as they hit their target tonnes that twangiza by itself will be able to meet all their financial obligations to suppliers and debtors. They said that the 40 million they secured eased the tension quite a bit because even though they were making all their payments on time the rains had delayed twangiza some and put a little pressure on them until then.
Remember folks the dilution ? The offering?
That money is setting in the bank that's why the CEO chuckled and told CIBC that they were fully funded for 2014
Also your forgetting about the 10 billion in gold ore they 100 % own under their feet and if everyone would read the year end report they said they had 4.3 million as of dec 31 2013
No one including all the callings at the cc addressed the 55 million banro raised in feb of this year
The Government Debt Iceberg
April 7, 2014
Europe and the United States will soon begin to encounter fiscal constraints the like of which we have never seen before, says Jagadeesh Gokhale, a senior fellow at the Cato Institute.
Federal debt as a percentage of gross domestic product (GDP) more than doubled between 2000 and 2012.
According to the U.S. Congressional Budget Office, total national debt is expected to remain close to 100 percent of GDP during the next decade and begin to increase thereafter as the baby boomers fully enter retirement.
Debt levels in European Union countries have surged similarly, from 60 percent of national income during the mid-2000s to 85 percent of national income today.
An ageing population alone does not create greater government indebtedness as long as each generation sets aside adequate funds to meet their own future pensions and health care costs. Instead, however, Western governments have developed unfunded social insurance programs where retiree benefits are paid for from the taxes of the working-age population. Politicians have known about population ageing for around 50 years but ignored the problems it will create for public finances.
Under the most realistic assumptions regarding future policy and including commitments that have been made under Social Security and health care programs, the U.S. fiscal imbalance is about seven times the total national debt held by the public.
In other words, if current unfunded spending commitments to future generations of older people are included, the underlying national indebtedness of the U.S. government is seven times the published figure.
The underlying fiscal situation in the European Union is worse than in the United States. Its demographic situation (a declining worker to retiree ratio), combined with future pension and health care commitments, is at the heart of the unsustainable budget positions in the European Union.
The average fiscal imbalance in the European Union is 13.5 percent of the present value of GDP.
At 13.6 percent, the United Kingdom's fiscal imbalance is a little above the EU average.
Four countries (Sweden, Cyprus, Luxembourg and Estonia) have fiscal imbalances less than 8 percent.
If countries do not address their fiscal imbalances now, the size of the necessary adjustment will increase overtime, undermining investor confidence and generally worsening the conditions for maintaining economic growth. Instead, appropriate and timely structural changes to bring the finances of public programs into balance would be likely to spur economic growth.
Source: Jagadeesh Gokhale, "The Government Debt Iceberg," Cato Institute, March 2014.
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Read post 2127 located above...
or any plethora of Long Contributors here and you will wipe the panic from your mind and the finger will retract from the sell button on your keyboard.
Good Riddance Alias born Today...
freaking loser troll ... get lost.
well thats comforting.. and I'm sure glad i thought i was in at the bottom now... nope.
I guess hindsight is 20/20
I kinda presumed in my own ignorance now that i think about it that .... Banro would be judged and stand on its own merits and Gold though up and down it was always going to be there and even though it has an over all effect it wouldn't be the main thing that makes the decision for Banro's PPS everyday. That in the end Banro even if Gold was down would still be looked upon as a good company and that it everything we have shared with each other on this board would be a the main factor... but between Treasuries dilution being ignored, Golds manipulation,High speed trading, A few analysts with no real interest in Banro being able to have influence, all of that seems to matter more than all the Positive things Banro has and is doing. I dont know...
its like Marv from Wall Street quoted " We're all one trade away from humility Bud"
Now if we can just get the institutions to admit it and recognize it as well as new investors and the rest of Wall Street.... I can stop you can stop WE can stop stating the obvious
It is kind of puzzling that 2013 was horrible for gold yet banro beat earnings and made a penny, secured financing, fully financed for 2014, upgraded one mine started 3 new pit mines and opened a second mine and we saw record breaking volume for weeks ... Yet........ 51cents here we set.... Sheesh
Anybody Notice the Nice Trend on Banro?
Yahoo put out their financials today... year to year and month...Real red, Kinda Red, Black Starting out 2014 well off.
Im gonna go back and listen to the CC again at home tomorrow. See what i can peel out of that onion. Everyone have a great weekend. Remember 1st quarter financials should be coming out in the first week of may
Here is a link to last years:
http://finance.yahoo.com/news/banro-announces-q1-2013-financial-120000033.html
It will be hard for them to beat because they had 19,000 ounces and sold them at $1711 average.
So.... some things to consider so that you wont be let down.
Just like that report they said during the CC that rains had impacted them some but they built the new storage area so maybe it wont be as bad as it was for that year.
They wont be gettting $1711 an ounce for gold so that will be down to around 1250.00 lets say off by $500.00 an ounce BUT we should see Tonnes up considerably like closer to 40,000 for the quarter if they do that revenue will be up alot and with All in Costs contained and being funded for all of 2014 and their reserves being already restored... should really start to see what coming each and every quarter. Should just get better and better and let me tell you when that happens... THEN you will see fireworks, THEN you will see Banro GAP and run and it will be like the good old days... but the markets want two things... Gold to stablize and stay around this area and Banros numbers to all do what they have been projecting them to do. Great thing is going into 2015 we will see over $5 and marching up. Get ready to be amazed.
Another interesting Fact in the 10 day inertia setup.
.505 is the S1 level so it looks like someone came in and ripped out all the stop losses within that area with that block if we bust .54 .535 then 4 month resistance levels come into play .572 and .619 so we could see that at the end of the day. Who knows?
its just planning a trade is all... and yes they are professional. They saw gold moving up and then pop this morning and scooped out all the exchanges and saw many banro blocks with one at .505 which is the one they really wanted cause thats an instant gain of 3 or 4 % when they are done.. Sweep the market with a order and put that exchange block at the end of the order to disguise it. Day to Day action will wear you out on this one.
Looks to me that they fashioned the sweep that way also because that low bid was at the tail end of the sweep... regardless someone BIG came in and plunked down over a quarter million dollars to buy banro shares at or around 11:10 this morning.
If you look over the the time and sales near the end of the block say 25,000 someones stop got taken out and dropped it then it popped again to .535 so .. it was a buy but what we have is a professional who was able to disguise the buy within the sweep transaction.
Now this is interesting for you,me, and Banro
http://tabbforum.com/opinions/why-hfts-have-an-advantage-part-3-intermarket-sweep-orders
Since you have been talking about HFTS and now a ISO was triggered today...and i found this article.
According to FRT.com an Intermarket Sweep Order was triggered
Intermarket sweep orders (ISO) sweep several different market centers and scoop up as many shares as possible from them all. These work against the order-protection rule. For example, if a trader is trying to buy 100 shares of X, and there are 10 shares of X being offered at $1 at one exchange and 1000 at $1.10 at another exchange, the order protection rule would let you buy ONLY those 10 shares at $1, after which you would need to send in other orders. With the ISO, you can buy the 10 shares at $1 and the remaining 90 at $1.10 on the other exchange subsequently.
Now why it shows that 550k block as a sell or long red candle is puzzling to me but if you go to
Freerealtime.com and get a quote for BAA and in the drop down pick time and sales then go to that time period it looks like someone came in a scoop out the shares of several markets then... dropped the price hard to make it look like a sell.
I wish i had access to 13-f filings in real time or something ...im gonna check out freerealtime.com and see which MM handled that trade.
I guess its possible for our Banro but I'm skeptical. Just not in the spotlight enough to make a manipulater on that level consider it.
Banjo lol
HFT really have nothing to do with Banro....
The reason for such high volume the last several weeks is accumulation and in order to do that to fill an order MM's will drop the price a few times or let it race up a few times to weed out stops, momo traders, and even longs who can't take it anymore. Institutions who are the ones who buy millions of shares are all filled up and ready for holding thru the rest of the year. They will build on any weakness but in banros case they want to see Gold hold the line thru the first quarter of the year and it did that so more than likely it will stay the same or go up a little...which is all they want. They get a great price on a great company and Gold drives it up.. all they have to do is continue to make money and meet targets set for the year in Tonnes, operations, budgets ,etc.... easy.
Finished Green today.. see
weekly setup is quietly building up again... see you all tomorrow.
yes i run setups and algorithms and have a system that matches criteria i designed in my setups then i take selections from that each day and do some DD to see what they are about, can i afford them, what do they make, who's in charge, do they have cash flow, are they burning to much cash, etc....
Let me say one more thing....
a lot of times i get the argument well what about if all the dd you have done is false? what if its all lies... well again that is the risk but if you can ask bernie madoff if prison is worth it?
He lost his marriage, his son killed himself, he ruined his other families and friends lives, he ruined employees lives, and he is lucky that they stuck him in prison before someone got to him first or he would have lost his life.
He is Never EVER going to get out prison. He is gonna die there and everyone wants him to rot there and i hope the sisters take a liking to him and he becomes their favorite.
All that lifetime of self respect and accolades shined upon him by the rich and famous and all the love is gone... he will die alone in that cell.
Thats what some of these CEO and board members have hanging above them. Dr Clarke wants what we want as does the board... he wants banro to be the best of the best gold miners. Simon Village wanted it too but if you look at credentials he was more of a Hands on type who used dinners and stories to get financing and deals.... and not much on numbers. Dr Clarke has a degree in accounting as well as running other mines and he is all about business and getting the best deal for shareholders and the company not board members and investment banks.... Gramercy has so much money in this they will not let this fail at all..... i am very confident in our situation and feel great about the future.
Let me share something with you...
I have been trading since 1999. Thats when i started with $500.00 ,dumb,and over zealous.. i have been washed out three times in my career. I didn't consider myself a professional until 3 years ago. Thats when i started doing this full time everyday and rededicated myself. I had just lost a bunch of money of Ambac in 2010 and was ready to quit... i was down to $6000.00 again after being up double digits like i said three or four times and each time i got washed out down to about $1000.0 or $1500.00 and was exhausting, demeaning, depressive, enraging, and brutal... but each time i came out a better and harder worker for doing DD and speculation... i finally learned technical analysis and developed my own system which i use everyday... i back tested it for a year before i started using it ... i dont share it because i designed for my ability and my use it suits my trading style and no one else's. I get about 85% success from this .
But... even with a customized system, a risk, bottom down setups, screeners, and 14 years of trading experience under my belt i still... still ... STILL dont always get every trade right or perfect. Sometime you have to just trust the data, believe in the product, ignore or overemphasis the chart, and wait on the market.
Still there is no guarantee no matter how cold you got it down thats why virtually 75% of all people own little or no stocks and of those barely any have success.... this is a hard knock life. But if you can learn it you will be adored and rich and everyone will want you to manage their money.
http://wallstcheatsheet.com/stocks/how-many-americans-even-own-stocks.html/?a=viewall
Well you and i both know what the short interest is so we know there are not enough shares to even consider that... We also know from your post link of canadian insider trading which doesn't show up on our countries that Gramercy has been buying at open market beyond what they got for the financing from banro... it was the end of the first quarter too and there could have been some readjustment of the portfolios by insiders... maybe the GDXJ sold some.. who knows? so i would presume since they are the ones who own the most shares some wanted out and some wanted in... I know i bought more this week already and continue to hold and i own more than most listed insiders and they would love to have my shares at this level and if they could get someone to sell them to them it wouldn't drive the price up.
But the way the volume was at historic levels... someone stepped in with a big position or several did and they bought some from the other insiders who paid .41 to .55 and sold them at .60 to .76 and now we are back to normal trading... momo traders are wishing for .41 cents again so they can sell it at .60
I'm in at .62 and will continue to enjoy anything below that month after month because it helps me DCA and i dont have to look at other stocks in a top heavy market and swing in and out of them... I'm in a Great company at a Great price IMO and i can relax.