I'm bullish BAA whatever the earnings. My estimate is for a -.01 to -.04 loss. I'd be really surprised if they could lose a nickel or more. They can't borrow more without approval and they didn't have a lot of cash or gold ending Q3 if I remember right. There are the funds from Gramercy so I suppose a nickel or more loss is possible without tipping us off but I doubt it.
My breakdown is that Twangiza did great and that Namoya was the drag. If Namoya had only produced a few thousand ounces it would be a different story but Namoya made up about 25% of the gold produced and with gold selling at $1,206 I would imagine they lost $100 or so an ounce.
I could be totally wrong since Namoya is their second go around and in a way almost their third with the first Namoya false start.
No matter what the earnings BAA is the junior gold miner most likely to succeed in 2015. So if the market wants to make some cheap shares available all the way down to the .13's I'll be there to buy!
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