You're welcome. Happy that you find it useful.
I agree that the 116M raised this year obviously gave a chance for the company to turn its situation around, but it's the fact that this money is almost already gone due to an outrageously expensive Namoya ramp-up, and also that in the meantime gold has gone down, and not up, that now make matters extremely complicated for BAA, and I feel their window of opportunity to recover is practically gone because of that.
Regarding asset value, I believe that the 800M+ the book claims is extremely exaggerated. The mines are worth much less than what the book says, based on any reasonable DCF analysis one can make with the production expectations and current gold price, so in case of a liquidation, I sincerely doubt common shareholders would recover anything. But that is just my opinion.
As far as a buyout, one can hope, but I am very doubtful this is a serious possibility.
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