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Gold holding could care less about the price per-share it's the cash level as of the last conference call that is dwindling and in gold holdings extreme favor
Buying 10k more shares tomorrow possibly in the 12s. Gap closed. Triple bottom in.
The lack of insider buying is puzzling unless they are aware that a disgruntled institution is hammering down prices near term.
Also if the current price per share is held down long enough it is more likely a buyout would be voted in favor of.
I imagine most of us who have been here for awhile think this downtrend is getting old.
The reality is any tax loss selling of shares may have those same exact shares re-purchased after the 30 day wash rule terms have expired.
Got some 14s
When you say "all the way back down" you imply that the BAA has been nine cents before which is entirely untrue
I bet GH wants to make some amendments to the Namoya deal and will be bundling the two together at this point. I guess a signature doesn't mean as much as it used to.
Reverse split would improve float size and EPS however it would affect Grammercy's strike prices for both their positions.
Ive noticed a decrease in institutional ownership over the last 6 months.
The good news is once their selling is complete if they are not too soured to enter new positions once we have a change of outlook they most certainly will be driving Banro shares up a lot.
Anyone else think gold holding is getting greedy with Kevin Jennings announcement that the all in costs are now $700 per ounce?
I couldn't put it better myself you and institutions you are affiliated with buy the shares that inexperienced traders sell at the bottom. In the grand scheme of things Banro shares currently are at the bottom. Clearly the institutions would love to buy our shares from us at the bottom. Well I refused to give them any hand out. They already got one from the government and certainly won't be getting one for me.
I can't imagine they pay you much to be misleading because you are not very effective. Certainly not with the trained & seasoned investors we have on this board
Keyotee, did institutions and hedge funds average down? Or would they sell if this is going to drop a penny? I don't believe anyone is as helpful as you are which means you have an agenda and it's probably not yours it's probably someone else's. You are the best contra indicator available.
$4 coming. Long and strong.
Okay everybody stop being so damn optimistic about this great company and bright future maybe if we all let the marketmakers know that we are so pessimistic and so downtrodden regarding this company that we will sell all of our shares tomorrow and we have lost all hope maybe then they can let this baby fly and we will all have sold out of our positions.
Wink wink nudge nudge. Maybe today our shares are worth less but they want us to think that our shares are worthless. Big difference.
Anyways they can't shake me out.
Go Banro. And go all of us investors. To you traders more power to you hopefully you don't lose in the long run.
Do you plan to reenter if we have confirmed uptrend?
10% of the life-of-mine is not 120% of the life-of-mine as they'd be giving Gold Holding 20% more than is physically coming out of the ground.
Ref: Chrislal post #14006
Ref: VSAstory post#13982
You do realize we are referring to production percentages right?
It's capped at 12k/yr...
Gold stream transaction involving the payment by Gold Holding of a deposit in the amount of US$80 million and the delivery to Gold Holding over time of 10% of the life-of-mine gold production from the Namoya mine (or any other projects located within 20 kilometres from the current Namoya gold mine if the gold is processed at the current Namoya processing facility). The amount of gold under the Namoya transaction is subject to a maximum of 12,000 ounces per year.
10% of production is 10% of production. Period.
Whether it is monthly or annually is the same.
Yearly-
120,000 oz per year x 10%
or 120,000 x .1 = 12,000
Monthly-
10,000 oz per month x 10%
Or 10,000 x .1 = 1,000 x 12 months = 12,000.
Regardless, the agreement clearly states that the Namoya streaming deal is CAPPED at 12,000 oz per yr.
Namoya gold streaming sale is Capped at 12,000 oz per year or 10% of a max production 120,000 oz
Even if this was "paid" or "due" monthly it would only be a max of 1000oz per month.
120%/ year is mathematically impossible...just sayin'
There is no difference between 10% per month or 10% per year.
Who pays keyhole to waste his time?
I chose to ignore Keyotee but I can still see his retarded posts. Will it only filter the new mindless drivel he spews from this point forward?
Keyotee thinks the financing deal is already priced in?!? He probably doesn't remember what happened back in August when the news of the financing deal drove BAA stock from $.185-$.30 in just a few hours of trading.
Don't you just hate people that average down & are impossible to shake out?
Nothing tells me to buy more than seeing people altruistically trying to "warn" others that a stock might go down. People like that obviously have an agenda otherwise they would be crazy to waste time here.
If Keyotee posts on a message board in the woods but nobody is there to read it does he actually post anything?
Ask was .179 and I bid .179 (2100 of 5000 partial filled and then the ask was moved up
I tried to add 5000 shares in premarket but only got a partial fill 2100 under the trade overview it shows up as a sell even though I was buying
Possibility / potential for a buyout is precisely why I refuse to sell any shares and simply prefer to average down.
Keyotee,
Also a brilliant chart for shorting a stock would be JC Penny from $40 to $7 which is the only other message board you are currently posting on. Do you suggest that we all exchange our Banro shares for JC Penny stock?
Signed,
Someone who never shops at JC Penny...
What happens when they want to accumulate a new position based off Banro's very much improved financial status? Or when they find out in advance of possible m&a activity. They'll buy up whatever they can get their hands on. And they also add to positions as they rise unlike most retailers.
I always enjoy your posts they put a bigger smile on my face then when I look at my unrealized gain / loss of Banro.
It's because we are all beaten up and disillusioned if Benro drops 50% on one day it has to gain 100% following day just to break even. At this point everyone is surprised when it jumped out of the teens even though it's absurd that it's not over a buck
What about the gap from $.85-$.90?
I just added 200 @ $0.17 which was the ask. You can see me on the chart now but the current bid is still down.
We should all start buying in extended hrs lol
Somebody else did that at .20 yesterday
It's just nice to see someone paying more than $0.16 on the chart LOL
I believe Q4 production is estimated to be much closer to 40k oz.
See the last PR