BAA is in best development now, but some retail investors think it is the worst.
Let me calculate based on the PR on 9th July .
As reported, Twangiza produced 21,431 ounces of gold in Q2 2014, an increase of 10.8% over the same quarter of 2013, and 41,568 oz total for the first half of 2014.
As its guidance, it will produce 115,000 to 130,000 ounces total for 2014. That means its production will be 73432 to 88432 oz for the second half of 2014. That is double of the first half.
Do you see any other gold company has this develop speed? No, I did research the whole gold industry every day, no other company has the potential.
So, BAA timing is in best situation with fast production increase plus increasing gold price. However the sellers are damaging themseves, not BAA. In contrast, BAA price will be up much faster in the coming months after these weak hands are removed. That is why I am not panic, but happy to see the recent sell off. I am a big buyer and transferring my funds from other stocks into BAA
