BAA filed all of deals on 01-11-16. Based on its statement, BAA will have about $20+M cash injected into BAA account after all of repayment such as dividend, gold forward sale, interest for 2017 and sort-term due loan.
Don't be fooled by Ke, JHN and horse! I don't think BAA will stay below $0.20 for 10 days and it will fly soon no matter what price gold is.
Now, lets see where BAA is now:
1, as survival, BAA not only has enough money to pay interest up to March 2017, no short-term debt mature, but also has $20+M cash in hand. Most importantly, cash will build up fast from these two low AISC mines. So BAA has no BK risk even gold price to Ke's $985 target.
2, as production and scale, BAA will have 200+K OZ production annually, even subtracting streaming sale, BAA still has 160+K OZ production annually. It is a mid-tier level gold miner. Comparing with all of gold companies, a lot have no production but share price much higher than BAA. Basically, gold companies with BAA production level valued above $500M. So BAA should be above $2 now.
3, as share price, don't forget three things: a, Baiyin just bought 50M at $0.175; b, BAA management said it will promote share price after Namoya commercial production; c, keeping list requirement needs price above $0.20 due soon.
Do you think the powerful Baiyin and careful management will allow Ke/JHN/horse to damage BAA share price any longer? as to price stays below $0.20 for de-list risk?
Keep your shares and buy more to dry and squeeze shares!
