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At least you made a profit, I lost but it could have been much worse if I stuck to the end.
Decided to check back in .. after so long .. not surprised at what happened. I got hit good .. but making some back. Good lesson not to "hold on hope" for too long.
Thank you Ben
Newbie here to Ripple and Cryptos .. what is the best way one can purchase Ripple and trade it? Have a Scottrade account but doesn't seem I can. Thanks in advance.
Just came back to see what was going on .. WOW !! Glad I got out when I did.
With this news .. wondering if Baiyan and others feel they made a bad investment? Even with the gold streams .. they may never get back their investments.
Although surprised POG is not doing better at this juncture.
Yup .. did sell .. just under 60 cents.
Always was open and honest and stayed optimistic (too much to a fault unfortunately).
Even though, the dilution was a major negative, felt they could still pull it off given their production and access to other mines, plus much undiscovered land in a gold-rich region.
Understand BAA was a bit over-optimistic in the past, but eventually got things done. But after the Q2 production report .. that did it for me.
Now all I see BAA doing, thanks to management, is producing a nice revenue stream for the Big 3 (via gold streams) and eventually .. handing the company over to them with continued dilution.
BAA had such a great opportunity and fumbled the ball on the 1-yard line. Very sad !!
Appreciate your kind words BAA_UP.
"I am very excited about the results of both mines"
So you still own BAA shares?
Operations suspended again? GEEZ !!!
'There will never be a gold-covered currency. There is not enough gold for this.'
That is SO true BAA_Up, based on today's economies.
Because it will kill every economy. Why are economies so strong? Because of debt. And what is debt? Future obligations to pay out .. bottom line .. a liability on the balance sheet. And what do liabilities accrue? Interest payments, hence requiring more [current] money doled out because of uncertain future abilities in paying long-term liabilities. AKA Bond grades.
Point being .. gold would restrict currencies and ability to sell debt based on supply and future prices of gold, thereby shrinking the economies.
But to be honest .. I feel gold is the best course of common sense. Because it restricts debt, puts constraints on spending, and does not allow governments to print currencies into the oblivion.
Surprised with all the current political turmoil .. Gold is not flying. Gold is below 1300 now.
I agree .. but thinking many may see it as not only an alternative to the dollar but Gold as well.
Bitcoin .. Fedcoin?
Now that Bitcoin is being used as means of currency and gaining popularity .. and reading, many recent articles about Fedcoin .. how will this impact Gold? Gold's attraction has always been touted as a means of wealth insurance and a hedge against the dollar. But now that we have crypto-currencies, what does this mean for the future of gold?
That huge PPS rise last week was short-lived. POG is above 1350 yet BAA PPS continues to be weak. Oh well. May consider buying in when it hits teens for a swing trade.
Gold Is Nearing a 1-Year High, but Gold Stocks Are Lagging -- Here's Why
https://www.fool.com/investing/2017/09/07/gold-is-nearing-a-1-year-high-but-gold-stocks-are.aspx
Interesting part of the article .. why BAA's capital investors will reap profits while BAA will suffer.
Streaming and royalty companies to feel the most immediate impact
So, what can we expect from gold stocks? It's tough to say until we know whether spot prices will stabilize above $1,300. If gold prices hold above $1,300 for a sustained period, the profit potential of most precious-metal mining companies should rise.
In the interim, though, precious-metal streaming and royalty companies such as Royal Gold (NASDAQ:RGLD) and Wheaton Precious Metals (NYSE:WPM) look uniquely positioned to take advantage of this recent move higher in gold prices.
Streaming and royalty companies aren't miners in the traditional sense of the word. They don't monitor or pay for the day-to-day operations of mines. Instead, they provide upfront capital to companies looking to expand an existing mine or develop a new mine. In exchange for this upfront cash, streaming and royalty companies receive a percentage stake in the production of the mine they helped finance, usually for a long period of time, and at a very favorable below-market cost. These companies then turn around and sell the production they receive per their contracts at the spot price of gold, silver, or copper, and pocket the difference. Because the realized price they pay their contracted partners is so low, the share price of these companies tends to be more sensitive than traditional gold miners when spot gold prices move up or down significantly.
I know. That is why I wouldn't touch this with a 10-foot pole, unless taking a chance of a swing trade. Which at the current price .. way too high for me to buy in. Believe this company is on the way out, with the big boys taking it over and screwing commoners.
1) Production costs rising
2) Too many gold streaming deals .. with another one set to go next year.
3) Q2 production far off from previous quarters and now no forward estimates.
4) High tensions of micro-political issues and violence.
5) Ore-grades said to be high, now all of sudden .. "NOT"
6) More financing needed soon, just after a huge financing that killed commoners ..
OH WHAT ELSE?
7) BAA MANAGEMENT = NO CREDIBILITY !!!
Not enough for me to get excited. BAA has absolutely no credibility at this point. At best this is a short term trade.
The only thing saving this stock right now is POG. POG is at 1330 and with the nonsense now going on with North Korea. Believe POG will trend higher.
But then again how much does POG need to go before BAA can make a decent profit?
Wouldn't get too excited .. lets see how the trend plays out.
I bought most of my shares in the teens (before the split) .. looks like I'll get a chance again next week .. LOL !!
BTW .. .027 pre-split .. OUCH !!
Given the horrible Q2 production report .. it is anyone's guess .. but can confidently say .. TERRIBLE !! Regardless of POG going up .. BAA sold out every opportunity of POG rising.
It wasn't until this past production report where I felt BAA finally came clean and was disingenuous with previous news and reports.
Bashers and pumpers are on every stock board. Stuck with several stocks where there were doubts and made money on them. Why? Because I trusted the SEC quarterly reports I read and saw the potential in an oversold stock.
That is how I viewed BAA.
Granted .. I believe many here felt it was a risk, such as I, but I continued the course based on news and quarterly filings required to stay listed.
I did not like the dilution or reverse split .. but up until that point their operational reports warranted much gold production (other than the violence, which they seemed to have always rectified quickly .. in each situation, which I felt was a positive).
But I'm all out now and accept the lose yet look forward to the challenge of making my losses up in other investments. Like I have always said .. do not investment more than you can afford to lose.
I do agree with you 100% .. is that any longs still here expecting this stock to make a change for the better .. is in serious denial and do not wish to sell in accepting their mistake and loss.
My mistake was not selling pre-split at 46 cents .. not that I trusted filed quarterly SEC reports, which I believe most long-term investors go based on. But given the 180 BAA has done in this past production report .. there may be evidence to a class action. We'll see.
How low do you guys think it will go?
And there's still Q2 fins that have yet to be released .. OUCH !!
What a disgrace
Would wait to see financials for capitulation. That's if they do come through in announcing.
"By the way, green is the color of hope. If you did not know that."
Are you now on the BAA train :)
Agree .. see this in free fall stage. Q2 financials will really shed light at the end of the tunnel, except it will be a head on collision .. LOL.
Hence may have some chance as a swing trade (just not yet I feel) .. long term .. NO.
I don't get it ..
Yahoo Day range: 1262 - 1273.30
https://finance.yahoo.com/quote/GC=F?p=GC=F
.. yet IHUB is showing a high of 1280.30
http://ih.advfn.com/stock-market/COMEX/GC%5CZ17/stock-price 1280.30
Both charts are COMEX.
Although yahoo is GC=F and IHUB is GC/Z17. Is that the difference? What is the difference? Maybe charts are different date and time ranges?
I'll give you that KPISME .. it's always a relief when the bleeding stops.
Really .. when I wrote that comment I looked at the IHUB chart on the homepage and the price was at 1279.40. Now its at 1278 and change.
"BAA looking good over the last 2 days and I hope it to continue"
I would agree if at least it hit 50 cents plus, especially since gold is hitting 1280 today. BAA has barely been green, which to me shows weakness.
Never considered you rude SIO.
BAA_Up .. I'm looking at this now as a swing trade .. have done it many times. Do I see this as a long term investment .. HELL NO !!!
Waiting until after financials and where the price settles .. as well as POG. That's it.
As a swing trade wouldn't even consider getting back into this until its 20-30s . we'll see. And if not .. will move on.
Would like to use my knowledge of following the price as an advantage .. if for anything.
At best .. BAA may be good for a swing trade. Other than that .. would wait at least after Q2 financials. Depending on what they say .. maybe wait longer.
But I will say to you KPISME .. which I have always said .. BAA is sitting on a huge opportunity .. depends on when they decide to be honest to shareholders or let the BIG BOYS just take over and execs getting a nice payout.
We'll see .. time will tell.
Until BAA finally comes "clean" .. regardless how high POG goes from here .. wouldn't touch them with a 10-foot pole.
Even the POG (which is on the cusp of 1270 today) is not helping BAA. Struggling to stay green.
Thanks dude .. good luck to you as well :)
The sad point of BAA .. is that POG will not help them, given they do not know how to operate a gold mine at a profit.
The best thing they can do with a significant rise in POG is outright sell the company to someone who can make a profit. But doesn't seem that will happen.