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adversary keyotee you speak in to few words.
surely you could have something useful to say?
might you go graffiti someone other company board
your post is logically sound. mr market however has his own way of determining value.
this price is far below its intrinsic value. its amongst the lowest valued miners globally (drawing on data from ycharts)
investors should trade carefully. a few more near term headwinds. mgmt have not yet proven the company is turning around . still room to drift lower.
we all for banro turning around to start its long uptrend. hence these posts. standing by for buy the signal.
definitely a strong player. a good write up.
oceanagold is in a good position to built on its momentum
they have held a steady trend to achieve their guidance
let them go for opportunities. great for the person and people.
pay attention because these are key positions. corporate structure together with its creditors , schedules, deferments and internal accounting, and streaming agreements, royalties, canadian and congolese government taxes, exemptions, are vastly complex
you can train a truck driver to handle a dozer. much harder to transfer years of financial engineering and magic accounting know-how
changes can be a sign of the times or sign of things still to come
btg been one of the best miners to recover.
looking forward to this target!
not long ago banro traded at $0.14. issued shares of 300 million works out to $42 million market cap.
fast forward to today. 100 million shares with $90 million market cap. not much has changed in these few months.
optimists talk about higher gold. now is also higher risks. attacks and hostages and congo politics
q1 had -0.05 eps. q2 had interruptions. easy to predict another quarter with negative.
expect lower highs and lower lows. might not go into penny but reasonable to see 30-40 cents range
this is old news. long past that stage. a new president showing his muscle and a few knee jerck moves
a country like philippines with its growing economy will not throw out any reputable miner
while this was a surprise announcement, the stock has long recovered.
there is far less risk in asia than african mining
cfo stepping down could be possible go beyond the refinancing
on linkedin , one of their staff tagged to banro, a controllers in toronto also recently left . she moved to kirkland lake gold
would langille and finance team not be past the biggest hurdle and looking forward to a smoother future
agree with you that it is odd to change key persons
good miners can be found. key is low debt.
follow Mr Kwiatkowskim blog Simple Digressions to see into his clear head about the impact of debt
all banro financials show emergency lifelines and bank loans to plug the short term holes. messy. costly.
while despising keyotee and masterview endless garbage comments, the truth is banro has high debt with no free cash and long list of creditors
more rewarding are B2Gold and OceanaGold. low debt. solid production. lower risk geographies. run by a capable management
story of Gran Colombia is perhaps a precursor to the Banro path
few months ago they defaulted on their debts with restructuring and massive writeoffs and huge outstanding future warrants
obviously priced into the share that traded at 0.10 prior to their 15:1 share split. if you held from 2014-2017 the position likely to be down 95%
POS moved upwards in last 3 months but GCM did not budge. based on rough 1300 levels BAA would still have too many liabilities to clear a positive eps in q2 and q3
no point participating in a two dysfunctional miner race
right. this spells trouble.
congo is huge and this transition will be more turbulent than kabilas last re-election
banro might be an island fortress mining gold, but , when they country is up in arms no party can fight the tide
expose in The Economist on congo gives some new updates on the complicated politics
limbo government have a greater impact on these stocks than the price of gold by restricting export and their corruption of fines and other nonsense
management were very quiet about the hostages for over 6 weeks and brief on the mining downtime. q2 likely to fall short.
gold is not up by demand but only USD weakness. EM moneyflows might well rush back to USD is search for safety.
you might be right unfortunately
streaming agreements and forward sales and loans are eating up all free cash
even at slightly elevated gold prices this company still continues to loose money
wouldnt surprise if they touch 0.45 and look for new money
a lot of emo in these posts.
clearly your share count has little to do with your position
market shows you a market cap of $85mil for a company that traded at 10x back in 2012 before even having poured a single ounce of gold
you put money into a high risk emerging market exposed junior miner. banro was there once before with 300k issued and a decent market cap
management would not be sitting idle in this embarrassing situation. first quarterly was better than 2016. watch the wire for jv. more resource and mining updates to come.
dry your tears. at lease you had a thrilling ride
dilution to 1.1 b suggests managements prepared to issue at any time. it shows they lack alternatives.
right, it is not about number of shares. it is about banros unpredictable behaviour. market hates uncertainty.
joint ventures with overseas miners, who have cash, could capitalise the resources quicker.
but which credible miner would trust banro?
keyotee, making the calls, taking the shorts, is that not typical an insider ?
q1 should hit the wire on monday. they lapsed last week. there is an expectation to report asap
reviewing the reports of q1 2016. it can only be better this year. gold was higher . mines producing steady, debt still high ...
conditions have not changed significantly. no big turn around. earnings likely to be in the minus
important now that market gains renewed confidence in banro to keep the course
martin retiring is positive for banro. changes at management bring in fresh blood
he might be nice guy but that does not cut it. investors expect to be told the truth and shown transparency
baa has potential but the current guard can not sell it. the market does not trust this management. new faces will be good
can anyone confirm if its true that martin is leaving ??
no need to rely on prayers. banro can now focus on the next leg with this financing settled.
new crusher will start showing improvements. suppliers can be paid. the exploration shall restart. banro too has lagushwa and kamituga prospects to explore.
even at these price levels of gold, interested parties will come knocking to get access to resources. just look at the listed drillers. all way up with their rigs busy.
keiser shares some thoughts on the current gold backstory in his interview Mike Maloney to 'rather enter a year to early than a day to late'
https://www.rt.com/shows/keiser-report/385662-episode-max-keiser-1061/
Management taking profit is seen as dumping shares...clown.
Presuming you would see Jennings converting his Options into Equity into a sign of no confidence? Nonsense.
Your news is 5 months old and filling up this board with noise. The sensible investors here will trade the facts and sell the rumours.
Ignorant comments. Arnold made a move into Congo when nobody else had the balls. His top staff are Congolese and know they game well. The entire wealth, time and vested interests are in these mining resources.
Your talking without insight. They would neither sell the resources nor worry about banks knocking; quiet the contrary. Refinancing would be roadshow to rating agencies , negotiating terms, restructuring class + pref shares to firm up for the next round.
That team is far from done even ...
production for q3 was fair. should be improvement on last quarter. discount au avg prices to 1250 puts them just above 66mil revenue. based on previous quarters operating costs pull this into negative. steady production costs give them more margin but est still at minus 0.02 or best zero.
management is not great at promotion. it lacks flair. they are operating in congo afteraall. takes real guts. this super low cost producer should be making more headlines
price recovery looks positive. philippines usual business tactics.