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Good post. Let's hope BAA's financial structure allows it to succeed.
"Discussions with our major financial partners on refinancing debt are proceeding well" The stock price holding in this area seems to support that statement. I guess we'll see.
Agreed! Let's hope a good deal is reached quickly.
Thanks for clarifying. That makes much more sense. However, the sentiment on the board was that the negotiations were to be complete by end of month. Obviously, that was erroneous.
I'm only going on an email disclosed earlier that said it would be completed by end of November. That didn't sound right to me at the time and could have been misinterpreted by board.
Absolutely not intentional. I just think it should have been made more clear. It could be his initial response was misrepresented with his intent being that they hoped to get it done by end of November.
The response actually makes sense. As I stated a little earlier, I don't see how you can negotiate a refinance and give the exact time it will be completed. It would put you in jeopardizing bargaining position. That's what should have been stated in the first place. With that being said, it doesn't sound good. Again, should have been stated that way in the beginning.
Couple hundred thousand shares traded in last couple minutes...all buys
Thanks for the response. Let's hope they're able to negotiate something favorable in that time frame.
Here's hoping you're right about refinancing news coming soon. I do have a question about timing of news. How can they predict they'll have it done by the end of November? Don't get me wrong as I hope they do. But if it's being negotiated, I don't see how it can be known exactly when both sides will agree.
Hopefully, some of you more familiar with this type of thing will help me out.
Thanks and still long BAA!
Thanks VSAStory for pointing out what seems obvious. Using their high end estimate of production of 235,000 ounces and their 40% first half/60% second half, they're right on target to meet high end of yearly production. 40% of 235,000 ounces = 94,000 for first half of year. Leaving 60% of 235,000 or 141,000 for 2nd half of year. As they seem to be right on target for high end expectations for 1st half of year, let's hope they're right on (or better) for 2nd half. Evidently, they're expecting record production for 2nd half of year. Numbers like that could really have share price flying by end of year..
I hope you have evidence of that statement. This board is no place for posting damaging comments about the company without something to back it up.
Excellent post Bull. I believe you hit the proverbial nail on the head with this analysis. Thanks for sharing your thoughts.
Thank you guys for sharing solid DD on the possible rainfall in area of mines. Otherwise, rumors get started
Gold is going through the roof. Unfortunately, it's a very low roof .
Wow, that would be impressive
I see it almost hit $1100.00 overnight but the powers that be are quickly rectifying that situation.
Looks as if Volcane nailed it. His post: "Expected negative??? By who? Lol. I am expecting 0.04 eps"
I think you're right! "maybe, just maybe, banro is not interested in being bought out....."
No, I don't think you do. Good for you for making the money but there is much more to life than money. Your 80 - 100 years of life here is nothing compared to eternity. I wish you well.
That was a third of the volume for the day...so far, anyway.
yep, we're all impatiently waiting...I think it'll happen soon enough
Maybe they can't turn the repeat button off
There can't be 5 x 400,000K as the total shares traded is 1.1 million. Either way, you'd think that the price would move up some instead of moving down.
400,000K buy on the ask (.2135) and the ask drops down
Buying on margin might sound good but I believe that it's a trap ready to be sprung. Maybe in a short while, BAA will be a stock we can margin
"An explosive move is coming here shortly." Good call OhManIDied
As the bid comes down, the volume also comes down. Remember, yesterdays trading looked very strong and then in last couple seconds, the price dropped dramatically to go from green to red.
That's not even very subtle . Also, the closing price wasn't very subtle either.
What happened in the last 30 seconds???
I want to send out a special thanks to TexasR for breaking this thing open at .22 and being a good sport about it . Actually, thanks for your honesty.
Also, looking at today's trading, I'd think the conference is going well for BAA.
Maybe you got the momentum going.
So, you were part of that block at .22
Some bigger whacks being put on that wall
I agree!
Huge wall build at .22 though we don't know how legit it is.
And gold breaking green
Very tight trading range today. So far, low- .1750 and high - .1768 Maybe getting ready for a move up???
I should have had an end quote after last bold wording. The last sentence is mine and not from the company.
You obviously have not kept up with what's going on. The notification did not come from the NYSE but the NYSE MKT which is a different exchange. Their guidelines are different than NYSE. BAA has 6 months or longer to turn SP upward. Here's a direct quote from the latest corporate update "due to the Company's current low selling share price, the Company's continued listing on the NYSE MKT is contingent upon there being a sustained increase in its share price within the next six months or such longer period as may be agreed to by the NYSE MKT. There is no specific price target given and time frame could extend beyond 6 months. This has all been discussed many times on this board.