I think BAA staying below .20 til EOY is unrealistic Tech. I posted earlier that I think this week alone we're likely to see .20 just on technicals. The 8x34 chart is primed, and I know a lot of people who would load up and take that 10-15% in a matter of a couple days. The real question will be does .20 hold?
Furthermore, before the EOY we expect to hear news regarding the financing deal for Namoya...and maybe even another PR on Twangiza stating the $41M is in the bank. I caught this in todays PR:
"In November 2014, the Company announced the signing of the definitive agreement with respect to the $41 million Twangiza Mine gold sale transaction. This transaction is expected to close shortly."
We've seen what these PR's have done recently!!!
The one thing that I think could keep BAA low (with exception of some sort of bad news) is a big drop in gold. However, given the newly released all-in costs for BAA, I'd almost welcome a drop in gold prices to say $1000/oz. I think that would attract more investors, but it might also "trim the fat" as other miners would likely be seizing operations or going under.
I too am hopeful to accumulate more and more cheap shares...I just don't know how many more there will be to be had below .20.
AI
