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I thought for sure that deal was reversible? w/ a payment equal to 20% IRR.
I appreciate the length you went for that joke ( creating a username)
A+
Story of my life.
At least it's the good kind of volume.
Relative lack of volume for a news day shows that the ER wasn't much of a surprise to anyone. Most of the posters here who had made calculated estimates had predicted a small loss, so -0.04 isn't too big of a shock. No big capital expense surprises or anything like that. In a couple of days this ER will fade into distant memory and POG + H2 guidance will resume driving the price up.
If on CC, ask what our selling costs have historically been, and what savings in selling costs can be expected with the new purchase agreement.
Are the losses associated with the streaming agreements strictly one-time occurrences based on the fair value/market price of gold, or are they an ongoing item- ie., we are experiencing a loss every time we dig up gold and sell it for $150?
Before we have 100 posts, all asking "When is ER?", "anybody know when ER is?" "[brokerage website] says 8/10/16, why no ER yet?" ... let me say very clearly:
---THERE IS, AND NEVER IS A CONFIRMED RELEASE DATE/TIME FOR THIS COMPANY, YOU WONT KNOW UNTIL IT IS RELEASED. ANYTHING YOU SEEN ON ANY WEBSITE IS SIMPLY AN ESTIMATE BASED ON PREVIOUS HISTORY---
SEC gives them 45 days after end of quarter, so get comfortable waiting until (by my calculation) Sunday @ Midnight. They have stretched it out before.
BOOM to da MOON! $1 In TWO DAaze!!!
With the price of gold, I'm thinking it HAS to be time for positive EPS but I've fooled myself into thinking that for 4 consecutive quarters now. Def not getting my hopes up too high. Not looking forward to the price drop when we find out they needed to spend $100,000,000 on "agglomeration widgets" or "heap leach acceleraterometers" or who knows what.
volume of posts on this board is directly correlated to volume of shares traded:
1mil daily volume = 22 posts
5mil daily volume = 92 posts
10mil daily volume = 3465 posts
Volume was was up to 7 million when priced peaked. Today will probably see 1 million. Lots of smart money wont buy until the trend resumes upward, and the selling from flippers and panic has all but dried up. (the basis for the beginning of many bull formations) From a technical perspective the chart is primed to move up, but could really use some positive news or boost in POG to give this thing a jump-start.
Yes, I was recently talking with an auditor (who specializes in healthcare, not mining) who also explained that the audit firm essentially has the final say in regards to impairments- not really a management choice.
True, I more meant that the loan isn't leveraged against the price of the gold- they don't seem to be getting a discount.
But then, why are are the loan and dore purchasing a package deal if BAA (and shareholders) aren't getting the short end of the stick in some way?
The dore agreement seems mutually beneficial, and seems for the most part independent of the loan. Baiyin can move the gold directly to China, Banro has an arranged buyer, and may even be saving somewhere on refinement costs.
As for the loan, curious what the specific need is for an extra 10MM? My bet would be more capacity/efficiency improvements or related cost overruns.
Biggest thing I'm seeing is that share price has been holding steady or rising even while Gold has been retreating. That has almost never been the case in the 18 months I've owned. Usually our upward moves have been quickly wiped out by the tiniest downward tick in POG.
Somebody who just got their birthday money from Grandma...? I remember my first time trading.
Keyotee takes a day off from the board because he finally accepts that the pps is going higher... and then it closed down.
How is it possible that someone can be wrong 100% of the time.?
Nice find. After reading that Ill probably backtrack some on the 43-101 assumption. Possibly buyout/merger... possibly something much more mundane... wait and see I guess.
I would assume that they are consultants involved in filing of NI 43-101 reports, which Banro typically files over the summer months following the earlier news releases. Maybe more than that, but don't see any reason to believe so.
so, when the price stays down, and doesn't go up, that's "baa power" manipulating, but when it goes up, but not down (to buy back in) - that's also "baa power" manipulating?...
Is there any movement that doesn't signal "baa power"?
Looks like they're presenting in Denver, Sept. 21st. It's a loooong list of companies presenting, but BAA has not presented since 2013 (just says 1x1s only), so I guess that's a positive change..
Food for thought: gold is up $300/oz since bottoming out around $1050. Consensus was that the company could most likely survive at that level.
An additional $300/oz times 200,000 oz/year is an extra $60MM of income per year. Now compare that to the current mrkt cap.
Obviously some oversimplification here with the streaming deals taking away from that, etc etc, bla bla, but the point being that eventually that extra money will show up in a big way as EPS and debt reduction. Ideally will start to show in August and increase from there...
Don't miss the boat- you will regret it.
Owned all of my shares for well over 12 months - so not selling, or certainly taking anyone's advice other than my own. However, it is frustrating having predictions on the gold market become reality, yet not realizing the gains that seemingly should be there while other stocks have taken off.
Patience pays off, though... so i'll keep waiting until EPS turns green.
Alternative Headline: Jetstream Indicator breaks below 50% support on 100 million year chart.
If this gold price isn't enough to push past 0.30, then... well... maybe it's time to start taking Keyotee's advice.
Should start a pool... everybody send $10 to my PayPal. Winner takes all.
$1.00 IN 2 DAYZ!!!!!!
...realistic can be tough to find...
Purely coincidence, but fun nonetheless... will see how long it continues.
Fun fact: BAA price has gone up in even-numbered months, and down in odd-numbered months, the last time this wasn't true was August of '15. Up in June so far, making it the 10th month for this trend.
We've seen more volume than this many non news days.
"fair value losses on mark-to-market derivative liabilities"
So, my understanding is that under the streaming agreement wherein they receive payment of $150/oz, they report the loss per ounce as Fair market value minus the $150 they received?
Do you even trade, Bro?
45001, Bob.
To be clear, I'm not saying that delisting is NBD - Delisting would be terrible. I'm just saying it was never a real threat.
I've owned this for over a year now, and delisting was the least of my worries. one thing I will admit is that I'm wrongly thinking of it as an existing investor, but for a new investor that would surely be a big red flag, so there definitely could have been some new investors who turned away.
Good news, yes. - but not !!Amazing,-big-gap-up!! good news, as some here seem to think. I've learned the hard way not to get sucked into that sort of fantastical thinking.
To be clear, I'm not saying that delisting is NBD - Delisting would be terrible. I'm just saying it was never a real threat.
I've owned this for over a year now, and delisting was the least of my worries. one thing I will admit is that I'm wrongly thinking of it as an existing investor, but for a new investor that would surely be a big red flag, so there definitely could have been some new investors who turned away.
Good news, yes. - but not !!Amazing,-big-gap-up!! good news, as some here seem to think. I've learned the hard way not to get sucked into that sort of fantastical thinking.
Section 1003(f)(v) Low Selling Price Issues—In the case of a common stock selling for a substantial period of time at a low price per share, if the issuer shall fail to effect a reverse split of such shares within a reasonable time after being notified that the Exchange deems such action to be appropriate under all the circumstances. In its review of the question of whether it deems a reverse split of a given issue to be appropriate, the Exchange will consider all pertinent factors including, market conditions in general, the number of shares outstanding, plans which may have been formulated by management, applicable regulations of the state or country of incorporation or of any governmental agency having jurisdiction over the issuer, the relationship to other Exchange policies regarding continued listing, and, in respect of securities of foreign issuers, the general practice in the country of origin of trading in low-selling price issues.
The 50MM or 75MM market cap, or whatever people were talking about was just an initial listing requirement, not an ongoing one... the issue at hand, per section 1003(f)(v), was the share price, which could be remedied in more than one way. Simplest would have been a reverse split, but as you can see, even a consideration given to "market conditions in general" might have been enough to put the issue to rest for the time being. So, this isn't HUUUGGEEE NEWWWSS... just a little piece of mind.
Question is: Will there be more impairments in Q4 financials?
From what I read, the impairments were being made against the 'Mine in progress'. Keeping the door open for further impairments would be the obvious reason why the mine wasn't declared commercial until Jan. 1st.
So, I'm assuming no more impairments for Q1, and back to positive earnings, but I can't decide if there will be any for Q4. If Gold were sitting at $1000-$1000 like it was 3 months ago, then definitely more impairments. Very possible that strategy is out in light of the higher gold prices.
As for the pros/cons, tax-strategies, etc, etc... that's all a bit over my head. Or maybe i'm just off base..
Opinions?
A great read on the outlook of the gold mining sector:
http://marketrealist.com/2015/06/north-american-gold-miners-currently-placed/
A great read on the outlook of the gold mining sector:
http://marketrealist.com/2015/06/north-american-gold-miners-currently-placed/
I'm with you on the -.01 to. 02 range. Gold price, mined ounces pretty much flat, so spending is what will make or break.